TheTradarien

TheTradarien

All trading requires an understanding of how markets are related. Understanding these relationships will put you ahead of others that don’t get it. Mean reversion and spread trades require a deeper understanding of how markets move together and how these relationships change. Like the weather, the degree of correlations, lag, convergence/divergence change all...

TheTradarien

Beware of sharp moves that happen in low volume periods (weekends). Reversals are easily triggered.

TheTradarien

Could Cardano (ADA) be playing out a pennant or a flag? It's very old school TA, but both are continuation patterns (bullish). Just keep an eye on that ATR. You really want to see volatility come in before betting on a big move. It's not a rule set in stone, but a greater fall in volatility suggests a bigger move can follow.

TheTradarien

There's a nice picture forming on the 2hr chart showing $60k to be pivotal for the short term. The bearish measured move from H&S top is about $60,000. 50% retracement from recent low to recent high is about $60,000. And $60,000 level was previous significant resistance. Remember, technical levels need not be exact. It can be an area or tight range -...