kinetictrading

kinetictrading

With the breakout of the triple top in ETHUSD, there are other opportunities in the market worth examining. This make take a bit of time to develop as Bitcoin may rally along with ETH, whereas a decline in XBT would accelerate the chart to attain target prices 1 and 2. We will sell 1/2 of our position at each spot. Stay patient and disciplined. The position will...

kinetictrading

We will be going long NFLX if the bull pennant pattern comes to fruition. Along with the reaching of new highs of the Nasdaq this should be good for a decent sized move. Update on targets later on in the day.

kinetictrading

Pun intended. All I hear from the post office guy or my friend's aunt or whomever wants to talk about finance is, what's going on with these cryptos. There's decent coin to be made on the precious metals here. Let me quarterback this out. Initial Margin in PL: $1925 A 25 handle move = $50/handle x 25 = $1250 profit, less commissions. ROI = 65% For any...

kinetictrading Updated 

Chart is self explanatory. Pullback in a extremely bullish move. Overall still bullish in the long term chart.

kinetictrading

Looking at the downtrend for the past couple of months, ETH has a possibility of breaking out of this downtrend and moving upward vs BTC. As long as BTC doesn't rally vs USD or if it goes down, then the targets will be reached much faster. One to keep watching. As always, wait for confirmation before entering the trade. Good luck.

kinetictrading

Looking at the Fib extension of 23.6 around the 112 area for a good 3 pt risk, 10-11pt reward trade. The nasdaq still looks bullish as FAANG, with the exception of Netflix, all high volume spike gapped up from earnings reports and have not retraced much of their moves at all. These in the past cause investors to take profits and sell too early. The market is...

kinetictrading

Shorting for a pullback.

kinetictrading

We have entered a EURCHF short with a 4/1 Risk reward ratio. The trendline has broken and sentiment with the euro is quickly shifting to the downside. That, along with the USDCHF chart confirms our short position. You can see the Fib levels and our target corresponding with them.

kinetictrading Updated 

When I was a kid the thing you'd do to each other was give big damn wedgies by pulling the other guy's tighty whiteys straight up. Oh how those haunted me and made me wear a longer sweatshirts to "protect" myself. Who knew it'd be a fashion trend in streetwear now? Let's see how this plays out on the 4h chart with a bigger falling wedge followed by a smaller one?...

kinetictrading

Is it time now? If it closes above this trendline by the end of the week, well worth watching and keeping an eye out for entries intraday and daily.

kinetictrading Updated 

Long on the breakout.

kinetictrading

Intraday patterns often provide opportunities for entry. We will be waiting on this a little bit as we get closer to tomorrow's Fed funds rate data. A rising wedge is forming and is a good bearish pattern after the big drop on Friday. Stay disciplined and wait for confirmation.

kinetictrading Updated 

With confirmation, we will be entering this short with defined risk and target as shown on the chart. It has traded relatively weak compared to the other major markets.

kinetictrading Updated 

This H&S pattern has been developing over the last two weeks and we are monitoring this closely. Entry, Risk, and Target noted on chart. Again we will not execute until confirmation of the pattern has been made.

kinetictrading

Interestingly this has worked perfectly for the past year. Simply an observation. Things may change and it's flow may change...

kinetictrading Updated 

We will be entering a position today if this holds post Bank of Canada announcement.

kinetictrading

We are long IOTA after today's breakout to the upside. It was flirting with the important S/R zone for the last 3 or 4 months. We believe the move will bring it all the back up to 77-80c level. Please put in your stops or watch it actively. Good luck and stay disciplined!

kinetictrading Updated 

Watching and waiting for a move that could be a few week hold. We would scale into this trade if and when the support and trendline are breached to the upside. 1. Double bottom / W pattern 2. S/R levels breached 3. Daily Trendline level to the upside Stay tuned and stay disciplined.