rarewalt

rarewalt

Draftkings has been practically in free fall mode over the past 3-4 weeks due to profit taking and dilution. Today's daily closing candle was a hammer which typically precedes a trend reversal. We have confluence because this also occurred on the trendline. Buyers stepped in to defend the uptrend at a key level. I am personally going long here with a stop $40.23...

rarewalt

I have resorted to live-streaming on twitch and posting the videos on youtube. To see the complete analysis check out the video below! Youtube: www.youtube.com Let's Connect! Add me on Instagram! www.instagram.com These video is derived from my twitch livestream: www.twitch.tv Join our FREE Discord channel: discord.gg Learn How To Trade For...

rarewalt Updated 

Gold has been absolutely demolished in 2018, much of this having to do with President Trump imposing tariff's on China. This in fact has led to a nearly 6% devaluation of the Chinese Yuan. Why does this matter? China is the world's #1 producer of Gold and currently produces roughly 500 metric tons of gold per year. As you could imagine, Gold and the Chinese Yuan...

rarewalt

I like USDJPY long here as long as it holds the support level and respects the trendline on the weekly chart. My first TP would be around 113.500 and my next TP would be at 118.500. This is a long term trade which could ultimately take weeks to months to play out. I like trading low risk high reward set ups and this chart in particular make sense as a swing...

rarewalt

After doing analysis on EURUSD, I have mapped out some possibilities that may unfold in the next 1-3 months. If we close above 1.27 on a monthly basis then the trend looks to remain bullish and we will likely see 1.30s. However, I am looking for a decent pullback in February on EURUSD especially when you consider bullish sentiment being at multi year highs, I will...

rarewalt Updated 

Looks like we have formed a shooting star on the daily chart which is a very bearish candlestick. Considering Positioning and the current RSI being nearly 80 on the daily, it is reasonable to believe that we will take a breather in the midst of this uptrend. I will be going short here at 63.50 with a stop above the recent highs at 65.04, I am looking for a 10%...

rarewalt Updated 

Alright guys I'm going to keep this really simple, there is weekly resistance right above us around the $62 area. Although the trend is bullish i expect a pullback before heading higher. Our $62 target on the upside has basically been hit and I will be going short here all the way down to the $60 level and possibly down to the $57 and if that breaks $55 is up next.

rarewalt

Gold has been on a hell of a ride to the upside but I'm afraid this train is over. I am in a sell up here this looks like a shooting star in the making.

rarewalt

BCHUSD has cleared the $2000 level which previously was resistance. BCHUSD is also being added to coinbase within the next few weeks as well (huge wave of new buyers coming in). I am a huge fan of BCHUSD because of its low fees and transaction speed. I will be looking to go long on a retest of the support around the $2000-$2100 level.

rarewalt

OIL HAS CREATED AN ASCENDING WEDGE TRIANGLE PATTERN. I WILL BE LOOKING FOR A CLOSE ABOVE OR BELOW THE TRIANGLE BEFORE PLACING A TRADE. UPSIDE TARGET $62, DOWNSIDE TARGET $52

rarewalt

Eurusd has been making a series of lower highs and lower lows and the USD is picking up steam. Downside support lies in the 114-115 area.

rarewalt

USDJPY needs to hold above 111.800 to keep the uptrend intact, Upside target would be 114+

rarewalt

Today the fed is expected to hike rates, looking at the daily chart of DXY, one could argue the rate hike is baked into the pie. However, anything can happen so we will look to be long above the resistance and short below the support. Once we have confirmation with a 4HR candle close we will know the short term direction of DXY.

rarewalt

Gold has broken down as of late falling to a low around 1237, It is unclear at the moment if we have found a short term bottom in gold. There is a bullish divergence on the 4H chart and we have a rate hike on tap for today. One could argue that the rate hike is priced in. In the past, rate hikes have typically marked a low in gold. I will be watching to see a 4H...

rarewalt

After doing some analysis on COINBASE:LTCUSD We appear to be at the top of the trendline resistance. Looking for a test of the psychological support level of $50 before resuming higher if it does not break below the triangle wedge pattern.

rarewalt

After doing some analysis on COINBASE:ETHUSD I have mapped out a high probability scenario. ETHUSD is looking to breakout of an ascending triangle wedge pattern to the upside. My price target for the breakout is $500.

rarewalt

After analyzing TVC:USOIL I have mapped out some possible outcomes in the coming weeks. One outcome is a breakout above the daily resistance. A close above the $55.20 level would confirm the breakout and my target would be at the $58 level. Another outcome would be a breakdown and backtest of the support level at $52, a close below $54 would lead to further...