TheTraderAndy

TheTraderAndy Updated 

I have no fundamental reason to back this up aside from the chart in front of me.. If we break out of this descending channel + back above resistance, then this idea is moot, but for now, I would like to see some weakness over the coming weeks to validate this idea.. which would line up nicely with a less-bearish September/bullish October for equities/risk assets.

TheTraderAndy

Bullish pattern forming on US30, looks like a potential 20% rally is on the cards over the next 2-4 quarters. Nothing is guaranteed of course, we would want to see this index break above the neckline, retest is, and continue upwards. Time will tell :)

TheTraderAndy Updated 

Bullish case for BTC over the next 2 quarters. Possible run up to 28, with a shallow correction, another run to 30-32k.. then re-evaluate..

TheTraderAndy

A rough idea of what *could* play out over the next few years.. I see 2 scenarios in the near-term, first being this fractal OR, roughly what I've outlined in the chart here.. this would make sense to me, grabbing liquidity at inefficient zones (gaps) above and below, shaking out weaker hands, before moving higher and beginning a new bull run..

TheTraderAndy

Going off historical price action, things aren't too dissimilar this time around, just a lot slower moving... See the previous similarities for reference and a guide into the potential future.

TheTraderAndy Updated 

Don't fade this strength. Bull flag on the 4h, measured move, gets us right up the logarithmic golden pocket. Funding is also quite negative, so a lot of shorts to provide liquidity to whales to fill their shorts from higher up. This is following similar price action to ARPA.

TheTraderAndy Updated 

Really nice rally, however, we have several reasons to be cautious/bearish here/ High Time Frame Resistance 0.618 Log Fib Level Large rally with little consolidation along the way Uptrend Channel Broken to Downside. Bearish Divergence Head and shoulders pattern forming. I could be wrong and a short squeeze could ensue.. but odds are it may be an...

TheTraderAndy Updated 

BTC broke some important levels / diagonal resistance levels. I think it's possible we trade a little higher up to $24,840-25,000 Before a correction to 21-22k area, and chop sideways before possibly a nastier correction, or a move higher to 33k. Likely another shakeout around the corner. Practice patience with this move. Chop would likely result in a little...

TheTraderAndy Updated 

Looks toppy. SFP at previous high. Looks like potential Head and shoulders pattern forming. Bearish Divergence on multiple timeframes. Momentum falling. Be cautious

TheTraderAndy Updated 

Seeing bullish divergence here.. I believe we will see a pop to the upside to potentially hit the above Fibonacci levels. T/P at each level...

TheTraderAndy Updated 

Bearish trend break, bearish divergences, what more can I say? Good RR. $4 target

TheTraderAndy

Another long-trade idea that might play out. Always use good risk management.

TheTraderAndy

Interesting chart set up here, could be a good spot to position long.

TheTraderAndy

Long here .. Two scenarios on the chart.. Fake out, then rise.. or break out and rise.. targets at horizontal lines..

TheTraderAndy Updated 

TLDR: Nice bottoming pattern forming here, bullish making higher highs, and higher lows. Ascending triangle also. Into key resistance, tested multiple times.. I like this trade. --- "Adam and Eve" bottoming formation is a bullish pattern that traders look for on price charts to identify potential buying opportunities. Let me break it down for you. Imagine...

TheTraderAndy Updated 

Good spot to play the bounce trade.. 618 retracement filled.. Getting some lower timeframe bullish divergences..

TheTraderAndy Updated 

Falling wedge, bull signal with my indicator on 8h, I have an inkling about this one ;) Targeting 23c. Although, this could blast higher, I have more conservative TP. I nailed this trade previously:

TheTraderAndy

Targeting 23c. Set up looks good to me.. Nailed the last move.. Got a good feeling about this one..