MajorBitcoinPayne

MajorBitcoinPayne

I dont like doing a whole lot of typing but if you know some TA you can see here why i a bearish on AMZN.

MajorBitcoinPayne

keeping it simple we have broken the down trend on General Electric and formed a bull flag that is breaking out on the weekly time frame. i am not playing this trade but this is easy money.

MajorBitcoinPayne

We have broken out of this symmetrical wedge and are now retesting the R/S flip. possible targets are 11.4k to 11.8k taking a trade here and placing your stop loss at 10900 makes this a great risk to reward ratio.

MajorBitcoinPayne

After the 4hr close above this resistance 10k will come. great low risk high reward trade here. i am going to leverage this by 50X once we get close this 4hr candle.

MajorBitcoinPayne

Here is a fun little speculation i have for bitcoin. It is obviously traveling in the channel between the two white lines. i am thinking we get to 10k area and then we have a big correction, the destination of that correction in my opinion is either going to be 8.2k area and then we continue the uptrend OR we get to 7.2k area and we touch down on our historical up...

MajorBitcoinPayne

we are respecting the trend line 10k before our real correction

MajorBitcoinPayne

We are retesting the symmetrical wedge resistance line which should now be support. XRP is looking super bullish and with the money gram fundamental news, i see XRP ripping to the upside.

MajorBitcoinPayne

After a V shape recovery from the low 6.40s GE has been consolidating in s Symmetrical wedge that has now broken to the upside and its now retesting its previous resistance. After buying at $10.04 with the retest i took a look at the bigger picture and noticed GE has also formed a bump and run formation and broken the down trend line. If we stay above 10.04 our...

MajorBitcoinPayne

We tested the trend line and we got rejected. We didn't get any volume signaling people just weren't interested at this level. We got a nice shooting star an are still traveling in our falling wedge. 7.2k area is at the bottom of our wedge and that's a spot where we should get a bounce before we continue down in my opinion. My overall target is 6.1k but i am ready...

MajorBitcoinPayne

We have been forming a symmetrical triangle for a few months now and its looking ready to break to the upside if you look at the past on PIR there has been extremely low and then high highs Volume has been tapering off but now its picking up signaling a potential upside break of the wedge. I will not take a position in PIR until confirmation of broken resistance...

MajorBitcoinPayne

After taking a 2% lost overnight, i went back to the drawing board to look where our correction could go to. i looked for patterns and correlations with our swing high swing low fib extensions and found a descending wedge and a head and shoulders pattern. I took a measured move of both the ascending wedge and the head shoulders pattern and they both line up with...

MajorBitcoinPayne

Pretty straight forward here, we have a clear bull flag looking ready to break out, once it closes above it would be a good opportunity to get some quick profit. Not looking to stay in this position as JCP is struggling fundamentally but ill make some lunch money out of this opportunity.

MajorBitcoinPayne

Okay guys, We have been in this multi year, channel for crude oil. We tested the bottom of the channel about two months ago or so, we bounced up to around $66 we broke above our 200 week moving average and have now successfully retested it. Not only did we re-test the weekly 200MA but came back to a daily time frame inverse head and shoulders support zone and the...

MajorBitcoinPayne

With the 6hr candle close we have officially regained the 8570 support. Our next obstacle is now 8700 area and if we break that 9.3 to 9.4k is on the table i am now long on bitcoin with a stop loss at 8450 to allow any crazy movements.

MajorBitcoinPayne

After a successful bump and run reversal, RIO has now confirmed a large inverse head and shoulders formation. At the moment we are re-testing the broken resistance that should now act as support, making it a low risk high reward trade set up. Buy in now at 57.93 Stop loss at 55.50 First target $93

MajorBitcoinPayne

Okay guys, Bitcoin seems to finally have cooled off and looks like we're finally getting our much needed correction. Here we can see bitcoin came back to do a bearish re-test of the broken support. Low volume, RSI at resistance and the spinning top doji signals to me that more than likely we will not break above this resistance again. Because we are at resistance...

MajorBitcoinPayne

Here we can see Crude oil is trending in a upwards channel, putting in a higher high and a higher lows with increasing volume signaling strength in the market. It seems to me we are just now completing a pull back back to the R/S we broke from the previous rally, now we find ourselves at the 200 week MA and right at support which makes this a very good low risk...

MajorBitcoinPayne

Ill keep this one short, UUUU looks BULLISH! We have bullish divergence on the daily and under, weekly RSI sitting at the 40 support, we are sitting at a major support zone, 50 2 week and 50 month MA line up with the support zone, we have have double tweezer bottom form on the daily and we are very likely going to close the weekly with a beautiful hammer candle....