TheTradingParrot

TheTradingParrot Nov 3, 2021

I was bullish on AXS and SAND months ago but it feels too risky and late to jump now on either of them. Whereas SLP bullish MC divergence is showing us that it might have already found a bottom at 0.06 and looks pretty much ready for a reversal to the upside. This could be a great opportunity to enter with a DCA or grid bot. Grid bot could range similarly to...

TheTradingParrot Nov 3, 2021

We have a potential breakout of ADA from this falling wedge Once we retest the breakout area and manage to close above the target would be fib 0.6 at around 3 USD which would confirm a new uptrend. This price action might have to do with the recent news of upgrades on the network so I'd expect this to play out on the bullish side before end of the year. I've...

TheTradingParrot Oct 5, 2021

We know BTC respects CPR monthly resistances. In this case we are about to confront the first resistance after having a few weeks struggling to even hold the central pivots. Will BTC be able to crash the first green resistance and turn it into support or is it going to be a challenge? We are approaching it after a few days of bearish 4h and 1h divergences....

TheTradingParrot Sep 22, 2021

We want at all costs to not get rejected. If we can go back into the “safety” of the Monthly pivots that’d be great. I’m leaving this as neutral. But if rejected that’s be massively bearish.

TheTradingParrot Sep 20, 2021

We need to hold this level of support. At the moment we are testing it. It's one of the strongest since early 2021. Not holding it would take us to the 37-39K range.

TheTradingParrot Sep 20, 2021

We can wig down the lowest pivot level but not holding it would turn the trend into bearish, at least for the short term. This could also turn into a fake out if news turn out to be not what people are actually fearing. Although I’m taking this as short, as I say this could well be a fake out. For now I’ll stay vigilant to opportunities to add more to my long...

TheTradingParrot Sep 18, 2021

It seems unsustainable to keep this pace with S&P. A snow ball correction could potentially take 23% to the previous resistance which could now, hopefully turn into support.

TheTradingParrot Aug 15, 2021

I’m not shorting this one but I thought it’d be great to have an idea of what’s the next potential target if we broke down the lower support of the raising wedge. Bitcoin on uptrends tends to disrespect bearish patterns so I wouldn’t personally trade this short myself. Be very careful with fake outs!!! Target for the upside as usual is the height of the...

TheTradingParrot Nov 25, 2020

Use this chart for analysis of growth stocks!