TechNerdOmar

80:54

TechNerdOmar

In this stream, we examine The Bitcoin chart to analyze the recent $3000 drop and to predict whether there is more downside to come. We also evaluate altcoins in light of this move.

05:35

TechNerdOmar Updated 

This is a trade I've been anticipating for a long time. ChainLink is finally showing signs of reversal of the bearish trend that lasted for a year and a half since August 2020. ChainLink has been consistently outperforming Bitcoin. I expect ChainLink to climb 60% by February 2021 and to triple versus Bitcoin by July 2021. If you consider that Bitcoin itself will...

04:38

TechNerdOmar Updated 

I talk about two trades in this video, one on the weekly timescale and another on the 12-hour timescale. Summary: Weekly trade is still in play. 12-hour trade exited as stop-loss hit. Waiting for a point of re-entry.

TechNerdOmar Updated 

The trade is in the chart. A long position with potential loss of 4% and potential gain of 12%. RSI gives us a local divergence and we have three bullish reversal candles which make an ascending triangle on lower time scales. This trade should be done in the hourly chart actually. Anyway, manage your risk. Set your stop loss so that you lose at most 4% of your...

TechNerdOmar Updated 

This is a cryptocurrency that was brought to my attention by someone in my latest stream. Two things I liked about this chart. (1) How this coin has been consistently outperforming Bitcoin with higher lows, and (2) how it is sitting in a sensitive spot right now that will determine its future path for many weeks ahead. I will keep adding to this idea as price...

TechNerdOmar Updated 

I had a trade on the hourly that exited with last night's drop. Now I see a chance for a bullish trade with a 2.55% potential loss to 7% potential gain due to a triangle that looks like it is breaking upwards with strong momentum. Already as I'm writing, the price is going above the entry point. So i'll keep it short. Follow the chart here .

TechNerdOmar

I was bearish on LUNA about a week ago. Today, I see a chance for entry based on Fibonacci. The 0.5 Fib line is my stop loss and the 2.0 Fib line is my target, based on the recent rise. This gives about 58% potential gain to 15% potential loss. What caused my sentiment shift from bearish to bullish? Two factors: 1. Today's bullish candle. This could be dismissed...

06:22

TechNerdOmar

In this video, I show that last night's drop is favorible but not enough to turn me bullish. Good luck trading.

06:15

TechNerdOmar

This is a quick Bitcoin update video. In summary, I explain why I'm waiting before initiating any trade and what I'm waiting for. I'm waiting for a clear bottom either through touching one of my support lines or by making a huge candle with a big wick below it. Where the wick will end up, no one knows. Some people estimate 44k. Some estimate 40k. Some estimate...

TechNerdOmar Updated 

This was a trade I set up during my 22 December stream. Thanks to the viewer who brought this chart to my attention. This turned out to be a successful trade and a re-entry chance has just appeared. Our first entry was at 1134 Sat triggered by four things: 1. Price slowly declining to the middle of the previous big green candle. 2. Price slowly nearing the rising...

03:46

TechNerdOmar

DUSK rose a staggering 32% versus Bitcoin today. In the video I explain why I prefer to take profit rather than stay in the trade. Take profit from 50% up to 90% and wait for a correction and a chance of re-entry. Good luck trading.

01:07

TechNerdOmar

Quick update on Bitcoin. Stop loss is hit. Recent support is broken. We are in a no-trade zone until we touch $44700 or we see bullish reversal.

TechNerdOmar Updated 

Matic has shown strong momentum gaining another 8% today breaking down her the resistance trend line we pointed out in yesterday’s video. Now the price has gone up a distance equal to the distance between the entry price and the stop loss price. The rule is, but when this happens, you raise your stop loss to the entry price. Now if the trade reverses and starts...

TechNerdOmar Updated 

I warned people of Luna in my stream saying it's not a clear trade and it's too risky. After that, Luna went up about 20% against Bitcoin if I'm not mistaken. Well, I haven't changed my mind. It still looks toppy, perhaps even more than before. And that's not because of its price compared to its history. I have no reference to judge its price. I'm careful because...

01:30

TechNerdOmar

Solana broke an ascending triangle and gave us a clear target and a clear stop loss. The reward to risk ratio for this trade is 3.28 with 16.7% potential gain to 5.1% potential loss. Enter, set your stop loss and let it ride. Don't forget to set alerts for when it goes up about halfway (about 7% up) so that you move your stop loss up.

01:38

TechNerdOmar

This is a short-term trade on Huobi Token vs BTC with a good and clear entry point, a clear target and a clear stop loss. Expected to last around two weeks. The target provides 30% gain while the risk is 10% loss. Watch the video for the details of the trade and be safe.

03:03

TechNerdOmar

This is a follow-up of the MATIC trade I showed on my stream Thursday night. It has a higher risk to reward ratio now after the reversal off the top of the triangle giving us a closer swing low. Good luck with the trade.

TechNerdOmar

This week has seen the USD/Turkish Lira exchange rate drop from a high of 18.25 TL per Dollar to a close at 11 TL per Dollar. In my previous idea published in January 2021. The concepts I laid out in that idea are still valid. The curve I drew still holds intact. RSI is still rising in the parallel channel. The recent spike has seen RSI reach even higher value...