PoorTomTrading

PoorTomTrading

Fairly self explanatory this time, read more from previous ideas on gold if not clear. Wait for a good resumption up with hopefully bullish candlesticks, as the bottom of this isn't super clear. It could be a Bull Flag pattern too so that is a possible target for the bottom and also gives us an upside target for a swing trade if it plays out.

PoorTomTrading

The large green volume bars show accumulation within this range. Wait for a retest and resumption following one of the arrows. At least a 4 Hr retest and resumption, but preferably 8 Hr. As you can see, previous breakouts failed 3 times when there was no retest and resumption. Although it is getting closer to the bottom of this descending upper trendline, so it...

PoorTomTrading

It went up higher than I expected so I have updated my trend lines. The corrective phase has almost complete and another Elliott Wave should start soon. It is too late to short now, and hopefully you took profits at the first target of the last short. My last chart www.tradingview.com

PoorTomTrading

If price stays above on the 8 Hrly and resumes upward above 0.091, MANA should go for a really good run as there's huge volume coming through.

PoorTomTrading

Large volume spike, plus bouncing off long term S/R line. If it can clear the trend lines above, it should be a good buy.

PoorTomTrading

Probably missed most of the drop on this one, but there is potential to go down to around the $25-26 level

PoorTomTrading

Looks like the ETHBTC ratio is going to continue down for another week or so. There is huge support here, so it should continue up from there. If not, something is seriously wrong. Going long off those converging trendlines is high probability.

PoorTomTrading Updated 

Easy one. Rising wedge . Any close below the bottom trend line offers a great short opportunity. Measured move would take it to around 0.08

PoorTomTrading

Measured move depends on when/if it falls out of the bottom of the wedge, but a safe place to take profit is around the green horizontal support line. If it breaks out above the red trendline, this is invalidated and the trade is not there. It would then be very bullish and set up a long.

PoorTomTrading Updated 

Gold rejected yet again above that major trendline around 1912. This opens up a short opportunity. I will be looking for a retest and resumption downward on the 8 Hrly candles, following one of the two paths (pink or yellow)

PoorTomTrading Updated 

I will be placing buys somewhere in this range of green trend lines. Ordinarily I would wait for a high volume bounce, but I assume it will come because Swipe is a legit project. Will be holding long term. Stop loss put at 0.8 just in case.

PoorTomTrading

This is a bit messy especially on the higher timeframes, but I am pretty confident SNX has reached a bottom and is breaking out Tight stop loss is set at 3.5 A very low risk, high reward trade. 8 Hrly chart:

PoorTomTrading

So obviously ETH is going up along with the rest of the market, but this offers good targets to take some profits. Whether you measure the shoulder depth, or the entire H&S depth, it matches up really well with the $440 and $480-490 resistance levels. I expect a pullback at both of these levels, but of course ETH will go much higher in the long term.

PoorTomTrading

Self explanatory. It's bouncing off the bottom with very good volume. Looks better than OMG, IMO. Target is around the red line to take some profits but letting the rest run due to bull market which should take legit tokens and coins up with ETH.

PoorTomTrading

Pretty simple one. OBV is increasing as price consolidates. I will wait for a break above the horizontal trend line before taking the trade. Safer to wait for a break, retest and resumption of the top of the triangle of course.

PoorTomTrading Updated 

S&P 200 (XJO) is currently pulling back at resistance, but has formed a great looking Darvas box. If it can break above 6200 and hold support, we are going to around 6650. A fib extension still puts the next move to 6300. I expect a pull back to test 6200 support, then resumption upward. After that the next extension is just above the ATH. This is also forming the...

PoorTomTrading Updated 

OMG is coming to the 61.8 fib retracement and strong support trendline, it has wicked off but I expect it to make another retest of it due to the low volume bounce. If we get a good volume resumption upward, this will be a great long entry.

PoorTomTrading

Self explanatory. Actually as I am writing this it is breaking through :)