gottimhimmel158

gottimhimmel158 Apr 1, 2020

This is a monthly candlestick chart of the SP500 from the 2008-09 financial crisis to the all time highs of Q4 2019. As of this writing (April 1 2020 - start of Q2), the market has sold off, bounced, and now begins price exploration to the range lows. If I am right and price tests at least the range lows of our previous range, then we're in for an economic...

gottimhimmel158 Apr 1, 2020

The drop in the Nikkei into the previous range ended with a test and bounce of the previous monthly range's low. Now that price is declining, we should see a full price exploration of the previous range on the way down.

gottimhimmel158 Apr 1, 2020

This is a Wyckoff distribution analysis of current price action on ETHUSD. Next step is a markdow after this distribution.

gottimhimmel158 Updated  Aug 11, 2019

Short pink line on FT of the pin-bar low. SL above the swing high. PT support at green line - and hold onto part of the position, because price has already tested this level multiple times - thus more likely that support will break.

gottimhimmel158 Aug 11, 2019

Short the green line because the line represents an untested level - the low of the pin-bar at the swing high. SL the white line because it's 2 levels of resistance above. PT the the white line because it would appear to be an untested level of support - the high of the pin bar at the swing low.

gottimhimmel158 Aug 10, 2019

Here are three levels I believe are untested on the BTCUSD 4 hour in the current uptrend. As we continue to lose support, I imagine that price will come and test these levels. Because price is in a longer term downtrend (note the failure of price to achieve the $20,000 ATH by failing at $14,000) - it's more likely that price will : > Bounce off of these...

gottimhimmel158 Updated  Aug 7, 2019

EURUSD 4hour made a swing low below the previous level of support and then rallied to to the previous range. By trading assuming trend-continuation/failure, I'm taking shorts in the pink-circle range with stop-losses above. I'm expecting a visit of untested levels indicated by the pink line, and then one of the two scenarios I drew. If we break below the pink...

gottimhimmel158 Aug 7, 2019

I hate to say it because I think that the economy is fundamentally strong, but my price action based trading would have us rejecting around 2960 and then moving down. In terms of shorter term, I'm thinking we reject at 2960 and then test 2730-2750. For a swing trade, I'm thinking we end up touching 2520. THIS IDEA WILL BE INVALIDATED IF WE ARE ABLE TO CREST...

gottimhimmel158 Aug 7, 2019

CHFNOK is in a run up on the daily period. By taking a Fib from the major impulse high - to - low, we can see that we're nearing two fib levels, the 1.414 and the 1.618- I'm going to look for a short entry around these levels, targeting a test of the most recent level gained, indicated by the "level gained" text. Price blasted the level and I'm confident we'll...

gottimhimmel158 Updated  Aug 6, 2019

The USD cad, if it holds the level indicated, looks poised to continue higher. If, however, we fail here, then I would expect a return back to 1.31. Keep an eye on DXY for dollar-strength and confluence.

gottimhimmel158 Aug 5, 2019

I'm publishing this fib projection on USDCNH for reference later, to see if any of the upcoming levels are respected.

gottimhimmel158 Aug 5, 2019

This is the USDCNH on the 3day. Big breakout day today, breaking pretty major weekly/monthly/quarterly highs here. I'd start looking for shorts/profit targets around that 4.618-5 area, I'm thinking we test 7.2-7.25.

gottimhimmel158 Aug 5, 2019

I'm looking for a retest of this 4 hour level on bitcoin. I think this is a good spot to reject. If we break the pink circle, then I expect a test of $10,600. Fail(10,600) ---> Test(10,200) Fail (10,200) ---> Test(9600) Failed (9600) ---> Test (9200)

gottimhimmel158 Jul 18, 2019

I'm trying to learn fib sequences, so I'm publishing this idea to see if at a later date this pans out. I would tend to be short on this asset though.

gottimhimmel158 Jul 2, 2018

Here's a BTCUSD bull flag I mentioned earlier with a price target around $6900-$7000.

gottimhimmel158 Jul 1, 2018

Bitcoin (BTC) has formed an Adam and Adam double bottom with a bull flag/handle on the breakout price. While this could form a sign of reversal, I tend to think that the shorts are now too low; overhead resistance appears quite strong. We're in a consolidation area, awaiting breakout in either direction. I tend to think we'll break DOWN; however, I cannot...

gottimhimmel158 Jun 28, 2018

Ethereum looked like it was forming an Adam and Adam double bottom on the 4hr; but, ETH failed to crest above the peak between the two valleys. Hence, Ethereum (ETH) doesn't look like it's reversing the downtrend at this time. On the contrary, ETH appears to have formed - and broken below - a bear flag.

gottimhimmel158 Jun 11, 2018

Ethereum (ETH) found bid support sub $500 and v-bottomed. As it stands, ETH is at $530 and is nearing short term resistance around $540-$550. Considering the overall bearish market, Ethereum seems poised to turn back down in the near term to $490-$500. Scalping sub-500 Ethereum has thus far proven to be a profitable trade; however, I am not certain that this...