Moto_Trades

Moto_Trades

The poke under the range low of 22277 was bought up nicely. Buyers held that daily low from the 21st and now we are back testing the range high of 23750. Looking for further consolidation. Pullbacks down to 23400-200 would still be bullish and I would look for buyers to hold. A move to a new high will be important to watch as a failed breakout would open the door...

Moto_Trades

Price action zones. Break of the yellow opens the door lower while a hold of it would set up for a break out attempt. I am all out of longs looking for a pullback to 21500 area to get long again.

Moto_Trades Updated 

Long trade I am looking to take. The 10350 pivot is potential support but will give it plenty of room to wiggle. 10900 is a crucial area of resistance which will most likely get defended by sellers again and should have liquidity above to lift price higher. Those that sold that test and are still holding will be trapped and forced to close. That squeeze should...

Moto_Trades Updated 

Playing out nicely so far. Initial drop missed the target by about three hundred dollars. I have a short position open from 10900 that I have closed half at 9600. Left the other half rolling trying to reach the target. If we get another leg down that should definitely be achievable. plan is to close out the short on a new short term high and look for rejection...

Moto_Trades

Short term head and shoulders look to it here. Measured move to the 8700 area. Buyers imo still have control. Just pointing out the possibility. Most likely a lot of stops under 10700. Watching to see if that stop run gets bought up or met with an attack on weakness.

Moto_Trades Updated 

Bitcoin flipped support and now back testing it as resistance. Price also close to the down trend line of this short term consolidation. To get short term bullish I would want to see a push through the LVN (3730-3785). Volume and volatility has been decreasing. Supports-There is another LVN which has been a decent S/R zone at 3575-3560 where we found support...

Moto_Trades Updated 

Support now flipped resistance in the 124-127 area. Could take a short in that range with a stop at 132.5 which corresponds with the high of that small consolidation before the last breakdown. There is a naked VPOC at 135 that could possibly get tested so the more patient you are with your entry the closer you can move your stop above that to avoid being shaken...

Moto_Trades

Nice rejection of that naked POC. Sellers seem to have the control still. As mentioned if you could be patient and get a higher entry with a stop above that naked POC to avoid getting shaken out. we sold right back through that LVN and price now under it acting as resistance. Would like to see that resistance hold for confidence in the trade and move lower. Being...

Moto_Trades

Currently have a bullish bat harmonic in play. To complete the pattern price will need to find resistance around 8427 (AB 0.886 fib) and then retrace down to the $7350 area (XA 0.886 fib) which would be the entry spot for a long. Price target 1 at B $7859, target 2 at C $8400, target 3 at A $8500, final target $8930 (AB 1.618). Enjoy.

Moto_Trades

looking at price action on comcast from the election in 2016 on the daily time frame. I have plotted a bullish cypher which price has obeyed pretty well. This is not the best of the patterns in terms of R/R, but thats why its our jobs as traders to understand that and position accordingly. My game plan is to get long here under todays high if possible and...

Moto_Trades

Looking at BABA on the weekly time frame since IPO so we can get a full view of the volume profile. We can see BABA has been chopping around in the wide range since Sep of last year. Prior to that price had broke out from the 1.618 fib and put in a new all time high from the breakout. What we never saw was a backtest of the 1.618. In my experience studying fibs...

Moto_Trades

Taking a look at restoration warehouse on the weekly charts. Looks to be a nice cup and handle forming. Last year price tested a breakout over $110, but could not sustain a close over and since has pulled back. As of late price has traded nicely in the smaller channel I have drawn with trend lines. Looks to be flagging and presenting the handle for the cup.4...

02:29

Moto_Trades

Taking a look at the bigger picture using volume profile we can see price is coming to a critical point. We are trading in the heaviest volume range for this recent down trend. I would think if we can get above this 140-170 range the longer outlook will change to bullish. If price is to be rejected we could see further selling and continuation of the downtrend.

Moto_Trades

Looking at LTCUSD on the 1hr chart here. Price has been seeing some resistance at this 150 level since the 20th really. During this period the RSI had previously been overworked and needed to unwound to continue higher with thrust(marked with green arrow). We have since pulled back and found some support at the 141-145 price range. Now we are tested...

Moto_Trades Updated 

There is a clear head and shoulders pattern that is near completion. These patterns love to set up and then reverse, so I won't be shocked if it doesn't happen. The measured move is on the chart which measures to around $85.50 or so. Note the RSI pivot that is holding, will be a tell toward pattern completion. First step toward a reversal is to break the recent...

Moto_Trades

Clear to see there is the potential for this head and shoulders pattern on LTCUSD to play out. I am looking at it on the 1hr time frame.There is still room to go lower and it will fit the rule. The key for me here is we have a higher high for the end wave of the head, and a currently holding a higher low compared to the left shoulder. Theses 2...

Moto_Trades

Price has formed a base with a wide range between 6k-12k. I see a head and shoulders pattern forming. I like to use a flat neck line which would be at 13 K. The measured move from the neckline projects to 22K which would be a test of ATH's. Price currently trying to break above an ascending wedge w/ 4hr momentum in the upper range.

Moto_Trades

Starting to scale in under 890 with a stop just below 850. There is a short term head and shoulders pattern to be aware of. If the pattern completes it has the potential to reach 750 on the measured move. I wont be as interested in a trade if the current higher low doesn't hold as support. Targets I'm looking at are the current high of this run of 970.0 , then the...