I tried to post this earlier today, but i kept getting an error. So i posted it in my latest update of the previous analysis. Anyway, hopefully this time it works. Yesterday when we reached the 7400 i closed half my long position at 7330 from the 6460, to reduce risk and lock in profit. But the main reason was this picture (of course also common sense to take...
My last trade on gold was picture perfect, bought on exactly the low and sold half at the top of this move. Anyway, looks like Gold has made the exact same pattern again, this Wedge is not so clear as the previous one, but it has the characteristics of one. So i just went long again. Stop just below 1320. Targets are not clear yet. Stock markets made a massive...
I have shown this similar price action in my other analysis. This is just a zoom in of that. This the yellow area from the primary chart, 13 March. We had the same failed H&S, than the drop to 6780 (this chart from 9400 to 9100) where we made that flag. We probably completed the drop, so we could be going sideways for half a day now, so we should be in the green...
Stock markets have been dropping again this morning, probably from the negative trade war news. However, i think the DAX is trying to force a small reversal as we speak. You cant see it here, but it made a small wedge from which it dropped out below. If it jumps back in again than we can assume that buyers are stepping in again. Safe play would be to wait for the...
First of all, please read at least a few of my previous analysis to understand what's going on now. I am still long from the 6470, i have just closed half at 7330 and a stop for the rest around 6900/7000. The chart you see here looks complicated, but take your time to look at it and you will understand it. I have showed this a few days ago as part of my plan/idea....
Easy trade here for XRP, Alts have finally made a break upwards (later than BTC did). It is inside a bull flag now and ready to make another jump higher. Those red areas are the targets and resistance levels. Price could drop towards 0.52/0.5150 again before going higher. A stop could be placed around 0.50 or around 0.49
I don't have much to add to my previous analysis, so i am copying my last one :) I will post some new info in the update: So here we are, still in side this big bear flag which almost guarantees we will see another big drop towards some the targets i have been calling for a while now, those 6K and 4K levels. Thing is, i was calling for these levels when we were...
So here we are, still in side this big bear flag which almost guarantees we will see another big drop towards some the targets i have been calling for a while now, those 6K and 4K levels. Thing is, i was calling for these levels when we were still in the 9K and 10K levels and i felt quite comfortable with that because most people were still looking up and were...
Looks like Bitcoin is making a wedge here, probably ending this big wave down from the 9K. It's not there yet, but if volume keeps on dropping while inside this wedge, and price goes for another low around 6400 but to at least 6600/6650. Most reliable would be a fast drop now and than slowly crawling and turning up if the low would be at 6600ish are a fast V shap...
Price did not make the waves i expected it to do, actually it did on one hand and i will explain why. Corrections always happen in price and time, sometimes more from the one and less from the other, difficult to predict upfront! Week or 2 ago when i predicted an upcoming relief rally for crypto's i did not know how high it could go than. With a big rally like...
If prices pushes slightly higher i will short this one. Made a very nice wedge, broke out, tested the break out level as well. Target is around the low of the wedge
Gold has made a big drop this week. As you can see in the bigger wedge around the highs, it just dropped of out of it instead of going higher. Because that's a very weak sign we saw that acceleration down. It did the same a month ago. Now it has made another wedge, smaller one which suggests we could see a correction up after this big drop. A small false break...
Bitcoin has shown some real weakness the last few days, each attempt to rally out of the short term bearish trend failed completely. Every bull flag after a short squeeze failed up till now. At the moment it's the first time since days it shows some strength. But we are not there YET!. The 8100/8150 is a heavy resistance, if we break that one i expect a fast...
The ones who have followed my DAX strategy since 2 months ago where i called the bear market would start from the 13440, know what my plan is. I am still waiting for the ABC (wave 2) to complete so i can build up a very big short position between 12.500/13.000. A week ago i said i was still waiting for a lower low around 12.100 where i expect wave C to begin and...
I have been shorting Bitcoin from the 9000+ with a small position because i thought we could see 9300/9400 but the rally was to weak and made a false break out and we started to drop. Around 8750 price started to show some clear weakness and i went short again there and (posted it live in my updates). Now it's kinda tricky, did we already reach the target at the...
Okay folks, i got suspended for posting my wallet addresses for tips. I really did not know it wasn't allowed. So i won't be doing that anymore. If someone feels grateful, is learning allot and making good trades, just PM me. I will set something up soon to do it differently. I recieved many MANY PM messages from people saying nice things, thanks guys. Thanks to...
First of all, this sideways action gets confusing for most day traders. Even for me, to tell what will happen in the short term. That rally from the 8250 yesterday really suggest some buying power in the market for the short term. Doing that it created a 400 point inverse H&S where i warned my followers for, upfront. I was still short from 9050 and said my stop...
First target reached at 8400 Now bear small flag, below the neckline of the bigger H&S Most important turning point is 8850, neckline of H&S also of course. Unless we break this neckline, i think the chances are biggest that the wedge has the biggest weight (of my previous analysis) I i still have my short position from 9050, stop around 8850 Good luck