thescalpmaster

thescalpmaster

A simple look at this graph tells us that there's a great short opportunity here. I don't confirm the short yet because it's ranging.

thescalpmaster

Take a look at my recent research about the drop that occurred during the last year. Perhaps, if we were smarter we could have avoided that drop. Nothing special in this chart. I just used a simple fib based trend extension. So, I'm now currently using this strategy to different markets like XAUUSD, USOIL , NIKKEI with surprising results.

thescalpmaster

There are a lot of reasons to believe that we going down in the longer term(I'm not talking about what will happen in the next few weeks). Here's my analysis. Lately, there's little correlation between USOIL and USDCAD which are inversely related in general. This might imply that one of the markets is chaotic. We all know that chaos always exists in the market...

thescalpmaster

These are the signs: - near the longer term trendcurve - too chaotic and very high volatility ( the green and gray bars at the bottom indicate volatility) We all know that high volatility + chaos after a bearish trend implies that we are nearer to the bottom.

thescalpmaster

This drop in recent days looks more like a correction to the bullish momentum started two months ago. It is not yet confirmed by me but the chart does show early signs of a longer term rise. Take a closer look at the MACD. It is rising. A rising MACD in a currently bearish scenario implies that the correction is coming to an end. Take a closer look at the...

thescalpmaster

I drew this a long time ago. I am not currently trading this index but looking at my charts, I could say that longer term line paid off yesterday. So probably this might help some traders. The lower green line are those highs generated after the august drop. So probably if this is a bullish market, it might fall down to that green line and then rebound with...

thescalpmaster

If you take a look at bullish momentum of USOIL on a five year chart, you realize that this current bullish trend from 28 is finally coming to an end. The reason why I'm convinced that it's going to end is because my long term trendline in S&P chart just got rejected. I don't know how to post two charts in a single idea so you can go check that out for yourself....

thescalpmaster

Nothing much to explain. As you notice, all my indicators are peaked out. Beginner tip- Drop isn't confirmed yet. The best idea is to wait until you get a bearish candlestick pattern.

thescalpmaster

Nothing much to explain about. Look at the graph!

thescalpmaster

Let me cut all the crap and keep it simple. There's gonna be another OIL crash coming pretty soon. I have analyzed a lot of other markets like the S&P and found out that this is only a retrace from the previous drop because of its momentum. Its slowing down. It's going to get pretty worse.

thescalpmaster

Though it looks like I favor short, I'm still neutral because the possibility of breaking up should also be considered. As you can see, we touched a new line in Fib retracement. So either this is a rebound down or shoot up and it mostly looks like a rebound down from here until now.

thescalpmaster

I drew this today because I noticed there isn't much going on in COPPER these days. Though I personally don't trade COPPER, I found these patterns pretty interesting and there's one VERY SPECIFIC REASON why I'm actually sharing this. Fundamentally, COPPER is mostly linked to China because of the demand there. So, as you know China's economy is falling a lot...

thescalpmaster

P.S : I only trade longer trends in bitcoin. I'm not a day trader. As you can look, my speed resistance fan is actually accurate in a lot of occasions (I drew this after the November's drop) So, If the current bullish minitrend, gets rejected, then brace yourselves for a huge fall. Please take a look at my other idea (dollar-yuan chart) where I explained how...

thescalpmaster

This is a rising pattern with momentum to the upside because of the same pattern repeating again. First let me explain this pattern. This is a breakout to the upside pattern because the downtrend always gets rejected upon intersecting the curve be either in the form of flat, failed descending wedge or failed descending triangle. This pattern is generally...

thescalpmaster

I made this chart in last november and it still holds fine because i dont see any trend -breaking happening here. Nothing much to say. Typical drop again!