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The sp500 is running on fumes right now. This week we should see a retracement and bounce which will provide us with a short opportunity for next week. Stay up to date, stay ready, be a ninja!
Bearish Case: 50k Resistance High in the Channel Huge over-extension
TRX (Tron) is breaking higher as previously mentioned. I am in two altcoins but I expect a third to be setting up soon. Subscribe if you want to see that.
ANTUSD (Aragon) is breaking higher. If you remember the previous post I made about this I said we are due a break out. This is a long term positional play to hold for 1-2 years.
So our historical analogue is now showing that there will be a drop, bounce and drop to around 380 (3800 on ES). I will be looking to short on the bounce IF the bounce is created.
I have added to my position (1% total ), I am looking at shorting from here with SL at 50k. 6:1 Risk/Reward. We have hit into the high of the channel, created a triangle pattern, with room to drop below. Overall I am bullish BITCOIN but short term bearish.
I have placed a small trade on USDJPY just now expecting a strong move higher this week. Expecting a 3:1 Risk to Reward ratio on this trade.
Tesla created a classic failed triangle breakout into a head and shoulders pattern. Soon we most likely will be dropping lower. Thoughts?
Gold is retesting resistance/mirror pattern right now so we could easily start to see a reversal. If price starts to create a topping pattern here over the next couple of days then we could potentially drop quite far since there is a lot of room to drop.
So I got stopped out of my previous short trade on BTC, Previously I mentioned that we could bounce strongly from the 30K, then we formed a mirror pattern and I said again we will bounce strongly from here. After we shot up close to weekly bearish candlesticks and 40k resistance I took a short (a little premature in hindsight) but it is what it is. Now the...
It appears as though we could meet some resistance right here, I am waiting for a pullback to weekly and daily demand before thinking of longs. What do you guys think?
I've been keeping an eye on ANT (Aragon) this year, it is creating a floor around the 3-4 dollar range. Now would be a great time to get in because this Altcoin has the potential to do at LEAST 10X in my opinion over the next couple of years.
I only have a couple of Altcoins I am interested in right now and that is ANT and TRX. TRX is performing and conforming perfectly right now. It appears as though we are about to breakout quite signifcantly. Stay tuned to Trade Ninja :)
My outlook on bitcoin has stayed the same, I am expecting a move down to 13k. Can we form a double top?Sure but the longer term positional trade is at 13k. Today it looks like we are meeting a little resistance. Lets see if price starts to turn in here or blow past it completely.
So price DID NOT pull back to my entry unfortunately and continued to rally higher. But at leats the move up was as predicted. Dont buy this high because the next move the historical analogue is predicting is a short as we start to close in on that 4k level.
As mentioned previously on my ideas and on my videos I have said that I expect the sp500 to crash down to the 3500 area. It appears as though we are continuing that trend downward, hopefully we hit that 3500 level for a HUGE trade to the upside. Lets GO!!!!
I got stopped out of my last trade as mentioned in my latest video coming out today. We appear now to be in an ascending channel and MANY retail investors have jumped in but like I said this could easily crash and take out retail trader stop losses below those latest swing lows. I am not buying here, I am waiting lower for a longer term positional buy because also...
In my latets video I mentioned we are topping out on Ethereum, our next stop is the $500-700 range. This setup is VERY similar to XRP crahs before the lawsuit. I have opened up a starter position now and will keep adding until my risk is correct. The 1400 area is the best price. Lets go Ninjas! :)