ozwald

ozwald

That looks like a break out alright. Perhaps another failed one, but I wanna be long anyway

ozwald

This looks very good. We are about just 1 twit away from ripping farts to the upside and going to the moon.

ozwald

Wow, I was expecting higher but I was not expecting as violent I think we go much higher from this

ozwald

After being a bear for the last few weeks, this is where the path of least resistance is

ozwald

My next target is $4100. I expect we blast through the 200d SMA ($4065) and reclaim the January top anchored VWAP ($4085) before we eventually come back down for the final leg of the bear market. The green trendline connecting the tops seems like a more likely rejection level but my gut tells me we could move past it to convince the majority of market...

ozwald

I want to get long but this is probably not the best spot here. Will wait for a better entry with a tighter stop.

ozwald Updated 

A break above 3780 would be a breakout in my book and I would go long again (I closed my previous long after it broke the yellow the trendline). The fact that we did not move violently down after failing at the orange AVWAP (September Consumer Price Index release) suggests that now is not a good time to look for shorts. As long as buyers show up if we dip below...

ozwald Updated 

Stock index charts are screaming higher. BTC will follow up with the bounce. I am not calling a bottom, and the move will probably be very volatile, but a 30k target seems reasonable. I will take that kind of trade any day of the week.

ozwald

It bet it does, and it should. Too early to call it a diamond reversal as nothing broke yet, but it sure looks like one. I know the fundamentals are bad and a crash is coming (sarcasm), but we might move higher from here. That said, if we go back to the red trendline, I will look for shorts again.

ozwald

This is a fucking mess. Good thing I don't even bother trying to trade this. The direction this will take will be determined by the stock market: 3 months correlation coeff is 0.7.

ozwald Updated 

It did not work yesterday but I will try again today. Feel like we could get a bounce here. The sentiment is very bearish and I think it lacks momentum to break below the June low. We could go a bit higher to find shorts again

ozwald

Unleash hell? Yes it's a short description fo aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

ozwald Updated 

That yellow TL is a key support level for crude... not good when a support level acts as a magnet rather than a trampoline... I think crude goes lower

ozwald Updated 

This is what I am looking at right now. Looks like we are reclaiming that channel after a failed break down. Closed my short position entirely and now in for a long. Let's see how far up we can go, but I am looking for any excuse to get short at this stage. I think we could go below 3640 within the next couple of weeks.

ozwald

Break of the trendline, check. Retest of the trendline, check. Bigass dump...?

ozwald Updated 

Another beautiful bear flag. I am already short with a stop above 58. 40$ first target

ozwald Updated 

Trying a long here on gold after that 1h reversal. If we get to reclaim the green trendline I am golden. If not, I will get a small loss. Stop loss below white TL.

ozwald

We could get a bounce before before we eventually break lower but I think it is a done deal. I can't visualize any upside above 4200 before we break lower. Nothing bullish about that chart at this point. 2nd touch of a trendline is usually the kiss of death. Minimum target would be the June lows. Depending on a lot of things, we could get a simple double bottom...