I haven't posted in a while but I'm back after a year's (or two..i forget) long worth of learning. And as I've been practicing heavily in all different market classes (commodities / forex / crypto) I find myself returning back to Bitcoin. Why? Because it's a 24/7 market, you silly. There's no pause, no momentary breaks or close of business. You (as in me) can just...
Check out the chart and let me know if you have any questions. I'm looking to short the S&P 500. I'll engage with the proper setup on the 'D'aily time frame. If nothing pops up then I'll look again the following week for selling opportunities. -KZ
Look at the pic...it says it all Just some inner monologues I've been running through my mind lately. Feel free to comment ideas on top. Trading isn't just buy and sell there's also mental stressors involved. -KZ
Still waiting to see the week's close to break the dashed red line. After that, we'll wait for the retest of the broken resistance turned support (on the lower timeframes) and trade accordingly.
Keep your eyes out for the price action around 109.00 in the coming days/week.
I hear say that due to how closely tied to the USD Gold is you can see things (events, news, etc) that can affect the USD or even the US's economy can have an effect on the Gold. With ALL that being said, considering COVID-19 is still as prevalent as it was when it first appeared in US citizens; I'm presuming that THESE Gold prices that we're seeing (PRICE...
Inconsistent minor (4HR) SUPPORT ZONES resulting in a wreaking in demand. Possible reversal coming up ahead. Large stack of sell orders around 1.38 also help compliment the idea that a reversal is coming soon. Until the market has showed us the appropriate conditions we'll MANAGE our RISK by not entering the market until the golden opportunity presents itself.
Market is caught between competing stacks signaling a consolidation of price. Until one stack over takes the other expect the market to run back and forth between these zones until one of the two stacks has "RAN DRY."
Price has been dropping and in terms of liquidity the market is searching for it's next stack of SOLID SUPPORT. Expect a volatile market next week.
AO | Accelerating Sell Side Stochastic | Buy orders filled very quickly
AO Previous Peak = 0.0093 AO Current Peak = Still Approaching STOCHASTIC = 69.42