WaisTrades

WaisTrades

Nasdaq having a good move up today, but I don't think the selling is done just yet. Looking at the 2Hour+20 Moving average(blue), it has shown good support and now tests as resistance. The right chart shows 20MA on the weekly as good support for the past year. I would wait just a little longer to see if we go down and test low $320ish (20 Weekly Ma) and bounce off...

WaisTrades

Spy is currently bouncing off this long term trend channel. Going to have to see today and tomorrow's close to confirm if we continue this trend and stay within the channel.

WaisTrades

Tesla has yet to find any bullish movement and media continues to push down the stock with false rumors of Tesla's autopilot causing the latest Texas crash. Tesla looks too fall towards the long term trend line (green) that has formed for over a year. There has been several bounce off this level and shows good sign of support. Be on the look out though for a...

WaisTrades

Seeing signs of recovery today with Tesla. Nice wedge pattern showing up on the 15m time frame.

WaisTrades

Doge holding at critical level right now as this is the last line of support before dropping 40-50%. If the .25c-.26c holds past Friday we should see Doge come back up as weekends usually have the best performance for crypto. Break below .25-.26 would see quick sell-offs towards .14c for next support and afterwards .07c if that levels breaks aswell.

WaisTrades

Nice bull flag pattern forming. Hoping "Sell May, Go Away" will not be happening.

WaisTrades

Hoping to see a bounce off this previous break out of the Head and Shoulder pattern. As long as we close above $700 this week, I think earnings on Monday will bring Tesla back above $800 level. FUD spreading by the media of Tesla's autopilot killing 2 people in their vehicle, experience traders should see this as a buying opportunity. I have bought several more...

WaisTrades

Tightening monetary policies are coming. Throughout history, bond yields have been a clear telltale sign of rising interest rates. Throughout the last couple of months you can see bond yields have risen quite sharply. There is no alarm to be raised just yet on the health of the market, just an early indicator that Feds will start tightening monetary policies. I...

WaisTrades

After a solid 3 day run on Tesla, looks like we are seeing a healthy retracement and bounce off the .5 Fibonacci level. To me it appears to be a good opportunity to enter in a bull put credit spreads for Friday or next week expiration starting at $690 level. It would get risky if it would break lower then $712 during tomorrows trading session or a close below...

WaisTrades

Just wanted to post this to show a comparison of 2017 $BTC bubble vs $TSLA today. Tesla makes bitcoin look like a normal rally

WaisTrades

The Bitcoin rally may be coming to an end. Rising wedge pattern is big an apparent on the 4 Hour charts and RSI is coming down showing a bearish divergence. The break down of this pattern looks to be juicy as price could potentially fall back below $6000.

WaisTrades

Pattern is uncannily similar to 2007's double top. Waiting for weekly candle to close below to confirm double top. 2020 is not looking good based off this pattern.

WaisTrades

Is bitcoin going to end the year with a big bang? Over the past month, btc formed an inverse head and shoulder pattern. This is a big reversal pattern and with big significance as it is seen on the daily charts. We are currently about to completing the right shoulder and will test be testing the neckline soon ($4000-4200). Breaking above this line will see a big...

WaisTrades

Another bullish pattern in play at the moment for BTC. Looks to be a good long entry position here at the top of the ascending triangle. I would watch closely as each trough from the downtrend proves as resistance. One of the most notable resistance to my analysis would be $4000-4400. I would not say for certain this is the end of the bear market but there are...

WaisTrades Updated 

Last night BTC moved above the resistant line of our falling wedge. This is a good sign of bullish movements as bears were not able to push down any further for the past week. RSI has moved up away from oversold territory and is currently at even levels so its pretty good sign of a bullish movement incoming. Even though I am calling for a long position, I will...

WaisTrades

Looking at the daily, it appears a falling wedge pattern is in play meaning a trend reversal is possible. The MACD and RSI shows decreasing volume of the selling so a possible bullish break out is possible putting BTC price back to $5000s. The overall sentiment is still bearish and could still break lower but I would keep a close eye to see any movements towards...

WaisTrades

The bulls are loosing momentum on the current bullish run. We now may possibly see a retest of the low $3500 starting here and early next week. Looking at the hourly charts we can see a bearish divergence as we hit higher highs with lower volume on all oscillators. Bear mask on fellas!

WaisTrades

Hi Guys, Long time no post but so far much of the crypto market has been much too stagnant for my liking. I just want to post this to express why I havent showed much interest lately and why I believe in 2019 we will not see any mooning; or at least to previous highs of 2017. For my fundamentals in technical analysis, I believe markets move in cycles. Its a...