Red_Ben

Red_Ben

Litecoin is about to explode higher. Most of the Coinbase coins will likely follow Bitcoin through the next resistance level, but beaten-down Litecoin and BCH(ABC) are set to gain the most. Both could double in a matter of weeks. Just buy every dip until proven wrong as crypto squeezes higher. I'm even buying XRP and XMR here lol

Red_Ben

NASDAQ:AAPL is offering some excellent risk : reward to the upside in the 160-170 price zone for a longer-term (daily/weekly) trade. Closing the week above the weekly bottom of the Ichimoku cloud and 100 SMA should set up for a potential short squeeze following a weekly gap that opened below both. an entry either on a pullback as pictured around 168, or wait...

Red_Ben Updated 

The ES/SPY futures chart has been trading in a bearish rising wedge and is once again threatening to fall below it near the wedge apex. I'm providing 3 likely paths the trend may take from here. The most bearish prediction (red) is a steep correction. We saw a very similar pattern play out after new all-time highs were hit early this year. Rising wedge...

Red_Ben

Facebook is taking a dive after hours, but I believe this is yet another opportunity to buy the dip. If we close above the previous 2018 lows for the rest of this month, expect FB is entering a wave 4. It will likely involve a swift "fade" higher, perhaps to 195-200, a hard rejection, and a slow, arduous battle for control between buyers and sellers for the rest...

Red_Ben

Bitcoin is trapping more bears with a lower low and close above support. I plan to buy the break over this bearish doji around 7400 targetting around 7700. If it fails to make a higher high on the hourly, the entry won't trigger. Bulls are clearly in control, so go with the trend until we see a 4hr or daily close below established support.

Red_Ben

Bitcoin KRAKEN:XBTUSD on the weekly chart is trading into a very crucial support. If this weekly chart wave count is accurate, we are testing the lows of a primary trend wave 2 (orange; II) from 2017. If bitcoin can continue to close weekly candles above 5850, it suggests we are currently at the lows of a primary trend wave 4 (orange; IV), as well as the...

Red_Ben

The S&P500 is consolidating in a diamond pattern, and there's a decent chance OANDA:SPX500USD futures will pull us down lower during the Globex session. The NY close demonstrated selling pressure in the upper yellow zone on the chart; an area where sellers have profited from selling before. The VZO-PZO below the chart shows falling back into the diamond will...

Red_Ben

BINANCE:BTCUSDT continues to move higher after a strong bounce at previously tested support. I shared a 4hr chart last weekend, and we can see here the daily chart is now demonstrating some of the same bullish patterns. We have the PPO above the chart attempting to break over the midline and the consolidation trendline it has been stuck under for all of 2018,...

Red_Ben

BINANCE:BTCUSDT is BREAKING OUT! and it's not too late to BUY! There was 4hr bullish divergence on the PPO , and now we see a breakout from consolidation on that indicator as well as the VZO-PZO as BTC price tests the 50% retracement of the bearish move from earlier this month. We already got a close over the 4hr 50ma, so I expect the next stop is either the...

Red_Ben Updated 

the S&P 500/SPY has been showing an increase in volatility lately, and SPX futures tonight appear to be setting up to test lower. On the 4hr chart, the 200ma (circles) is acting as support, however there is sell pressure building with the development of a bearflag, and we are testing the lower end of a support zone below 2745. The Twiggs Money Flow above the...

Red_Ben

NASDAQ:DBX is showing bullish divergence on the daily chart on multiple indicators. I have the Twiggs money Flow (TMF) and RSI above, and Stochastics below the daily chart. You can also find bullish divergence on the hourly chart with the extended hours. It's respecting fib retracements nicely. An entry anywhere around 32 gives great odds regardless if DBX...

Red_Ben

BINANCE:BTCUSDT is trying to relieve some of this relentless bearish pressure, but in the recent past, these attempts to breakout have been fakeouts and fueled larger moves down. Note the strong volume on the low wicks under 6k and a pattern resembling an inverse head and shoulders. Volume has stayed relatively flat, suggesting sellers have gone away for now. ...

Red_Ben

Bitcoin Cash has been in the dumps recently, but is showing signs of life here. We need a close above the 30min 50ma to convince me to take it long. I'll be targeting the 50% retracement of the most recent bearish breakdown, then trailing a stop. Volume coming in confirms I'm not the only one looking for buy opportunities at these levels.

Red_Ben

We're getting some bullish signals on BINANCE:BTCUSDT again! An 88.6% retracement TO THE PENNY! Break over that tweezer top after denying the MSR pattern with a close over 6680 and shorts must cover. Break the daily 20ema/7k and we should test the daily 50. It's a tall mountain but there's only one way to get back to the top...one step at time. Grind them...

Red_Ben

BTC is near the apex of a bearish rising wedge. support is being tested as we speak, and it looks unlikely to hold this time given the stochastics and wave trend oscillator with twiggs money flow overlay show confluence, falling from the overbought condition. This is a short, at least to the 4hr 50ma. the bearish trend is likely to continue at this point, but a...

Red_Ben

Ethereum COINBASE:ETHUSD is sending some signs that buyers may be interested in her again. On the 4 hour chart, we can see that ETH has been battling a steep downtrend from earlier this year, but in April, we have begun to see higher lows and lower highs come in, indicating ETH is consolidating. Typically these consolidation patterns break with the trend. ...

Red_Ben

BINANCE:BTCUSDT Bitcoin is at it again, setting up for another bullish move. This time, it's an inverse head and shoulders reversal pattern. Watch for the break of the neckline to trigger. It should get us through the downtrend line created by recent consolidation. This move would correspond to a VWAP reclaim (thin blue line) which should trap some shorts. ...

Red_Ben Updated 

Bitcoin may be building a bullish bat harmonic pattern here. We had ~50% pullback following the breakout and an attempt to squeeze higher following consolidation that stalled. If BTCUSDT doesn't recover here, as the OBV threatens to fall below support on the 15min, expect a pullback to approximately the 88.6% retracement of the impulse leg or ~6877 for the...