TheTradingDen

TheTradingDen

Buying a December 20, 2024 +29/-38 Bull Call Spread when PLTR meets entry at the daily demand level below. If that trade fails, another opportunity exists lower for entry.

TheTradingDen

Buying a bull call spread on AAPL once price hits demand on the 65min chart. Using the underlying price to enter and exit the call spread

TheTradingDen

Purchasing a debit spread once NFLX reaches demand, selling the spread once price hits 644 target or stop loss

TheTradingDen

Buying Puts on NFLX once daily supply is hit. Entering using either a single leg or a debit spread to reduce risk & cost of trade. Larger target down to 505 on the single leg, target down to 560 on the debit spread

TheTradingDen

Bitcoin looks to have just completed a 5-wave cycle down on the 4hr chart. An ending diagonal formed on the 5th wave and a break of the upper trendline has provided an entry signal long for the A-B-C corrective phase. There is a major pocket of supply in the market around 43k, and it's within reason to speculate that BTCC could correct back to this level (a 50%...

TheTradingDen

Bitcoin may be gearing up for another major bull-run based on current trend analysis and historical price-action data. The approximate 36k-39k range on BTC has acted as an important launchpad for momentum in this market on 3 separate occasions. Back in February of '21 this range propelled Bitcoin out of a corrective phase and ultimately up to its previous 65k...

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The approximate 2000 point range between 36.5k and 38.5k on Bitcoin has been a historic turning point for this market on 3 separate occasions. Back in February of 21 this range first propelled Bitcoin to its former 65k all-time-high. After the great distribution, Bitcoin began a multi-week accumulation phase back down in the 30's. The point at which Bitcoin...

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BTC completed a 5 wave cycle, and looks to be completing an ABC correction. The lower daily Bollinger Band usually provides good price support and big volume came in and created a spinning top on a 1hr chart. After the ABC correction, the next 5 wave impulse could push price to the supply in the market around 55k.

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Bitcoin is currently mimicking a Wyckoff Accumulation pattern on a 4h chart. Over the last year, a near perfect Wyckoff Distribution pattern was experienced on a 4h BTC chart as well. Usually these patterns are found on higher timeframe charts, but in extremely volatile markets they can appear on lower timeframes as well. It's possible that Bitcoin could...

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After Bitcoin's most recent visit to the institutional demand level around 30k, BTC experienced a strong 12% daily rally, followed by some weakness on the third touch of the upper daily downtrend channel line. Today however, BTC is starting to show signs of strength again as it has just broke through the upper daily downtrend channel line. Technically the...

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Bitcoin is currently in a very interesting place in the market right now. In my previous article I stated that I had moved to cash as key support had been broken, and a daily downtrend had formed. I also stated that the short-term fate of the crypto market would be decided as bitcoin went to retest the 30kish level of strong demand. Bitcoin found strong...

TheTradingDen Updated 

ETH is experiencing a volume and volatility squeeze after recent turbulence in the crypto market, which could mean a big move is on the horizon. Short term trends continue to try and break out to the upside, but get shy at and before the $3000 psychological barrier. Retail is still shell-shocked from the recent sell-off, yet institutional money continues to push...

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Bitcoin is starting to show signs of weakness again, and could experience some more extreme short-term turbulence. The wedge pattern seen indicated a relative balance between buyers and sellers with both volatility and volume squeezing towards the end of the pattern. Patterns like these usually indicate a large move is on the horizon, but the direction is...

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DON"T LET THE SHORT SELLERS WIN AT THIS LEVEL