DerekD_

DerekD_ Updated 

0% red fib is where yellow EMA should get to by EOW. All goes as planned - should see noticeable high breaking highs of consolidation range. Preferably a small gap up to close on highs (beggars can't be choosers though). Wouldn't be surprised to end the week off the highs, but also wouldn't be surprised to end off making new lows without any crazy dip. I mention...

DerekD_ Updated 

ALLLRRRIGGHHHTTT CRYPTO FREAKS, we're down to one of the last chances $BTC has if it plans for continuation in up-trend (you know, despite being 65% off ATH's & all). Fib levels using both 6MO WMA & 3YR WMA. Blue & Orange EMA are consolidation / lows which - should act as next price levels for consolidation before any big move. Without any presumptions, this is...

DerekD_ Updated 

Jesus Mary and Joseph there are rarely times when candlesticks can't accurately tell you the true bullish/bearish signs of a trend. Candle close is most important part of a candle - candle lows are the most telling. 1 of 2 things could happen in this case, 1) Breakout to up-side @ 200% -> Dip back down to 50% ($263). 2) RSI crossover + cross back below 60 short...

DerekD_ Updated 

Little extra, but put in both ABCD 61.8% fib corrections just to show definitive correlation for each re-trace. Definitely think that touch of the 50% is needed for an upward swing, but long term I can definitely see a 161% (200% on MA fib) move back up towards $115. Still pretty choppy price action, so my best bet would be to wait until @ or crossing over that...

DerekD_ Updated 

Triple top formation but seeing as we're $.05 away from ATH, quick scalp trade to the upside wouldn't hurt with proper risk management. Somewhat of a reminder of $AAPL's chart back in Feb (9th). Big dip, before new ATH, then another dip back down to 200 EMA. Confirmation of a breakout would be white EMA (55, low) above 180 WMA - regardless of momentum. Seeing as...

DerekD_

Healthy dip, boring chart. Technically I'm short, but realistically I wouldn't get myself caught on either side; neutral it is. Long term would like to see $23.50 & see what kind of reaction price has off it's lows before getting on either side of the trade

DerekD_

ALGORITHMS THESE DAYS SILLY COMPUTER LEARNING MACHINES PFH NO ITS FINE DONT PAY ANY ATTENTION TO THE BIG RED VOLUME BAR AND THE MONEY FLOW PLUMMETING WERE FINE ITS FINE???

DerekD_

Even after the earnings beat I wasn't really big on the retail sector as a whole. Seeing a change in regime across large cap retailers like $TGT or $WMT where the growth & value seems like it's shifting towards the more overlooked tickers like $KSS, $M, ($JCP still getting beaten but I'll keep on watch just in case). Price crossing below 3 year (low) WMA was the...

DerekD_

As surprised as I was by $TSLA, it's worn off a bit. Definitely not as bearish I was - but still skeptical more-or-less. Luckily I've been able to go through chart after chart to find a setup that semi-explained what possibilities there really were with a DUMB wild up-swing in a DUMB wild bear trend. $MRK back in 2015 & coincidentally, even current pattern aligns...

DerekD_ Updated 

Heelllllllaa ugly chart but luckily for anyone long there might be a chance to see a gap fill & test some real support. I'll try & keep expectations low for this one just because I'm sure some bears might see this as a dead kitty but we'll know for sure once price reacts to the 61.8% / 127% re-trace.

DerekD_

Little surprised price didn't see more of an upside, but that's not reason enough for me to get long. Neg MFI divergence + key eye sore is break of 20 EMA as support. $335 give-or-take target price short-term. $315 target price near future.

DerekD_

I've had $MELI on my WL for I guess a few weeks now, just because the dip looks healthy - something you can definitely see coming. Decided to use a comparison just because the MA strategy I use is complicated, but more reliable (to me) than charting a neo wave & making an entry right before price makes an impulse move. Takes the waiting/chasing price out of a...

DerekD_ Updated 

Hard to pick @ point at this one. Consolidation has made too much noise with the technicals, but I definitely think this can go either way. First kind of peeked the inverted head & shoulders, but I'd rather stick w/ the basic support & resistance. Almost reminds me of $AAPL & $BABA. That being said - really could go either way.

DerekD_ Updated 

I think we can see another crypto run, for sure. Near future? Maybe. But I don't think we'll see any other run big/small before seeing a flat bed type consolidation @ the $6k range. Currently about to break $7k, could get exciting

DerekD_ Updated 

Long term - I like it. Chart looks good. Short term - I'd stay away from long positions. Definitely expecting another low-mid $320 dip before a serious bounce but, momentum isn't ripe yet. Skip forward 2 - 3 weeks & I'm super bullish going long

DerekD_ Updated 

Not my typical preference for a momentum play to have a target price within that close of reach. Since it's a low floater w/ only 1.82% short interest, keeping the target better safe than sorry. Despite that though, definitely do see potential to reach 314% around $77

DerekD_

Heelllllllaa ugly chart but luckily for anyone long there might be a chance to see a gap fill & test some real support. I'll try & keep expectations low for this one just because I'm sure some bears might see this as a dead kitty but we'll know for sure once price reacts to the 61.8% / 127% re-trace around $63.

DerekD_ Updated 

Over the past few weeks, I've been perfecting a strategy (I think it's perfected? perfect? either or) using a mix of moving averages (along with other basic, not-so-perfect, ordinary technicals). Every trader has their go to buy/sell signals & I'm sure most have their own preferences when measuring momentum for which type of situation & its duration yada yada....