krugman87

krugman87

Across the board we saw a market where sellers dominated buyers. Technical damage was done today. Unless that damage can be repaired with price retaking key support levels in short order, then this market will move from "buy the dips" to "sell the rips". I will be watching how price reacts to these resistance levels to make my next moves.

06:30

krugman87 Updated 

In this video I recap my analysis from yesterday talk about the next 2 or 3 most likely scenario's now that price has broken through the "red-zone support" that I outlined yesterday. The importance of identifying these scenario's is because these are the specific price levels that I will be watching for candlestick signals to form. If a specific candlestick...

krugman87

Eth is now just holding above the most generous trendline that can be drawn (very tips of the candle wicks) and below the "best fit" trendline. I consider this area a red-zone as it is sitting above its very last bit of support. Failing to hold this level could trigger a sharp selloff. I have marked the 2 most common scenario's that could play out. The bullish...

09:41

krugman87

In this video I unpack a bunch of intraday and daily price action that has occurred over the past week and also talk about the price levels I am watching for end of day.

krugman87

USDJPY has broken a multiyear trendline resistance and has broken out of a massive pennant pattern. This could signal the beginning of a major bullish run. Price looks to have pulled back and retested this trendline. Trend needs to hold as support with price breaking out into new local highs to solidify this breakout. If that happens this pair could run as...

krugman87

Gold has repeatedly formed and broken out of bullish patterns for most of last year and all of this year. The most recent pattern being a bullish pennant that broke out with further aggressive buying. This market is primed to attack all time highs and could very well cut through on it's way to $2000+. As for now, the next major overhead resistance is just below 1,800.

krugman87

ETHUSD has thrown an Inside Bar / Hammer pattern. This specific pattern is bullish and would signal a continuation of the prevailing trend. The biggest risk I can find with this trade is that there is significant resistance overhead. Given the significance of this resistance level, if price is able to break through it, it could do so very aggressively. As...

krugman87 Updated 

As I posted about yesterday, an Inside Bar / Pin Bar Fakeout pattern was forming by mid day. By the time the daily candle closed this pattern had indeed formed. In addition to being a powerful pattern it had also #1 formed with the prevailing trend and #2 formed directly on top of trendline support. All of these things formed a confluence of factors that...

krugman87

There is an inside bar / pin bar fakeout pattern forming on the daily charts in ETHBTC. Keep in mind that the daily candle is not yet closed so this pattern could possibly fall apart by then, but it is something work watching for now. Inside bar / pin bar fakeouts can be very bullish continuations patterns when formed within a prevailing bull trend, as is the...

09:53

krugman87

In this video I cover some of the techniques I use for trade management. I rarely post about how I specifically manage trades. Enjoy! *Side notes* -2% of 10,000 is $200. I said $2,000 but then corrected myself :) -I stated I have probably haven't lost more than 5 consecutive trades. Honestly, I probably have but it has been a while. Due to my defensive...

09:53

krugman87

In this video I cover the last few weeks of intraday price action on the 2 hour charts. I also talk a little bit about OCO orders and throw out some nuggets of trading wisdom.

krugman87

Silver's weekly candle charts have now thrown 3 bullish candlestick patterns in a row with a triple pin bar setup, and the final pin bar also acting as a bullish engulfing bar. This setup is offering an attractive risk:reward for a bullish upside breakout.

krugman87

Pretty text-book at this point. A bull trend with a small pullback to support. A large bullish pinbar forms. Then price pops up to new highs. This is likely the pinbar that gets ETH up into the 180's.

krugman87

Here is yet another feather in the bulls cap. This time it is an inside bar / pin bar pattern on the weekly charts. The weekly signal tend to be strong and this specific pattern combo can have an exceptionally strong breakout potential. Add those two things together and we may be at 200-220 sooner rather than later.

krugman87

If you saw my previous analysis you know I pointed out a bullish pin bar that was forming on ETHUSD daily candlestick charts. Even though the pattern weakened a little bit into the close, the candlestick still had decent form and a bullish bias to it. Price has since broken up and out of that pattern. Pinbars can be very powerful patterns, and this instance was...

krugman87 Updated 

While there are still a few hours from today's daily candle to close, if it closes up here in this price range (163-165), it will be quite bullish. Nulls pinbars that form off of support with long lower wicks, narrows real bodies, and small upper wicks can produce very strong moves. I would personally deem a daily close above 165 as a strong bullish signal, as a...

krugman87

Yesterday saw ETH repeatedly probing and being rejected from price resistance area of 172-173. Price momentary broke the local bullish trend line, but shortly after breaking this level it threw a large, bullish pin bar on the hourly candlestick charts. In additional to that, it had also formed right on top of local support. Yet another sign that bullish price...

07:24

krugman87

In this video I unpack the bull flag pattern that is forming while trying not to lose my voice :)