KobraTrading

KobraTrading

Presented without comment. Nice range has been defined on this MTF

KobraTrading

To me, so far at least, it looks like maybe $65 was bottom. Oil normally is a seasonal trade, and summer prices go up usually anyway. More travel by boat, air, and car = more demand = higher price. It's not hard.

KobraTrading Updated 

This isn't looking good. Lots of bearish news (silvergate, mt gox unlocks, eth shanghai unlocks etc.) Plus there is this massive bear flag on the 1H & 4H as well as pretty big divergence on OBV. Still holding my short from close to 24keks.

KobraTrading

A monthly close as a Doji? This means literally anything can happen. Up. Down. Left for all we know XD Seriously though. Doesn't look great to me.

KobraTrading

Rejecting for previous support. I see more downside

KobraTrading

Looks like it might be good for a small scalp short down to support to flip long in hopes of breaking through resistance above. I'm probably going to wait for confirmation on this one but it looks decent. Lines up with FIBS well too if you measure it.

KobraTrading

Looks like if might retest the midline. Good zone for buys there and major support. Notice the "Major Support" is also the Kijun line. (Red line from Ichimoku cloud)

KobraTrading

Where is it? I'm thinking the bottom of the pennant is worst case scenario. BTD That bearish divergence finally played out.

KobraTrading

If that circle isn't bottom, then chances are 50K is. For now.

KobraTrading

As we made a lower-high compared to 58K. We started to see drastically reducing Open Interest & Volume despite the price rising. Normally if price is going up on low volume, it just means sellers aren't interested in the moment, but when combined with a dropping OI level, it normally means the price is experiencing a weakening bullish trend and a dip or...

KobraTrading

#bitcoin Hidden bullish divergence on the 4HR. Let's see if this plays out. Bidding here.

KobraTrading Updated 

- Looks like if this area here doesn't hold my next target zone will be between 9.6-10.5. (Major 1D/ 1W Support) - A close at the current level will be the first time in 2 weeks/ - Not bearish by nature, but this isn't looking good - Looks like a liquidity hunt for over-leveraged longs

KobraTrading Updated 

This COULD be the bottom IF: 1) We see bullish volume coming into the market 2) We hold the lower yellow dotted line 3) We make a higher-high as indicated on the chart If we fall below the dotted line, my first target is the 1.618 FIB Extension and the RED box area. This area would be our last line of support before taking a very serious dive down into the 8000's.

KobraTrading

Taking this setup. I don't trade these often, but this is too good to pass up. Bat patterns are inherently lower risk than gartleys because of their .886 max AC measurement.

10:42

KobraTrading

Mid-Term Outlook and Overall EW Count, Targets for next ATH!

18:48

KobraTrading

Checking out the HTF's to see where we top out before a retrace. Enjoy!

17:28

KobraTrading

Just a little video explaining my thoughts on the halving, what the price action this week means, and where I think it will take us with the halving coming in the next two weeks.

02:53

KobraTrading

Fib Analysis: BITSTAMP:BTCUSD Looking to target anywhere between 9200-9500 for a retracement (.382 of the most recent move from bottom to top on the 4HR). Of course if this is our top we could go lower, but if we see a reversal upwards from my target levels than the uptrend is over and I will flip long. If we continue deeper from 9200-9500, I would expect...