Move in this morning's forecast complete (Linked). Expect us to set up a bull trap now. Taking profit on some shorts and buying retests of lows. Small spike out of lows is possible but this is probably getting fully extended for now.
Swings one and two complete. See attached. Now re-filling my short orders on BTC around 45K.
Support from previous entries looks good. Taking some momentum day trades in USDCAD long. See lined ideas.
We've now filled almost the full zone given in the upswing forecast (Linked) of 51 - 53K zone. Got stopped out some of my sells with tighter stops. Skipped out some of the momentum drawdown and now back up to full position between 52,500 - 52,700. In a break I expect to see us down to close to 44K before a bounce and then this bounce turning into a bull trap. No...
It's crunch time for this now. Either we're getting into the high or there's going to need to be serious review of my analysis because we'll be starting to get into the area where invalidation signals trigger. Adding to short 52K.
Looking for the break in this setting up. First warning sign is a big take out of the range here. If that happens, the next move is to look for a bull trap.
ADA might be setting up to make the first important break. There's some chance of a parabolic move against this position - so be aware of that - but if stops are well placed the RR is good.
I think we're due to see the USD breaking out soon. Nice bullish opportunities in the USD. See linked ideas below.
Looks like the first break has been made and we're into the first correction. If there's big sellers in the market, these are the sorts of area they tend to be lurking.
Into the major inflection point. This is where we're going to see if buyers or sellers control this market. Now I have my full position on.
SPX has been trading a bit over the 161 fib of the March drop. This can be an area in which we see strong reversals. If you draw a fib from the high before the 2018 fall to the low before the 2019 rally, the fib of that comes in around where the SPX made a high in March 2020. And this has been a tendency of tops in the SPX/DJI/RUT/NQ (And everything, really) over...
ETH looks like it is deep into a bull trap, mirroring the BTC move. Shorting ETH in this area, if there's another break in this we're likely going to see some capitulation period.
Big Gartley formed on doge. I think this is soon to enter into the capitulation phase. My target since it was 0.60 on the way up has always been under 0.10 for doge. I think we're getting closer to that swing now.
Parabolic expansion leg into the high for ADA, might be the end of a harmonic D leg. Big RR selling into this level.
This has rose aggressively since my first short entry and now quite close to my stop. Max RR selling in this area, so adding to this short position.
Currently long BTC over short term momentum. Swing trading short and day trading long to cover my positions against momentum. I main fill level on BTC shorts is around 51,300 - 51,700. I'm looking to see this filling with a parabolic leg, giving us a smaller butterfly inside of the larger one. I think the market is laying a trap for the bears currently. Letting...
Still need to consider some upside risk in blow off tops and I still have limit orders in to short between 51,150 and 53K but it looks like the break may be taking hold now. Adding to my position in the Gartley pattern.
Looks like we're going to get the high level fills on this. Has tried a few times to break but holds up. Probably still got some more momentum to it. Buying 50,400 and targeting 51,400. Looking to fill a lot more short orders into the 51.5 - 52.5 zone. See comments in linked ideas.