Just a retail trader navigating equity, crypto, and options markets. Rule of thumb: Buy things going up in price. Sell things going down.
Not financial advice.
#Bitcoin has been lagging #stocks the past couple of weeks. $BTC has put in 7 consecutive red candles.
Compare that to $QQQ which has 7 green candles in a row and much stronger momentum.
Relative weakness typically doesn't fare well during market retracements.
#Crypto#trading
Looks like risk is back on following #FOMC and #GDP print.
$BTC pivoted at $21k to make a higher-low (HL) and is headed back to prior higher-high (HH). If it breaks over, then reversal uptrend continues to be valid.
$ETH already at resistance ~$1700.
#Bitcoin#Crypto#ETH#BTC
Little post #FOMC trade on $QQQ. Almost got stopped out but left it alone.
Went right to target $308.5 area which was the pivot high from July 22. Know your support/resistance zones before taking any trades!
#daytrading#trading#stocks
$BTC failed on the two-legged pullback and has lost the rising 20MA as support. Looks to be headed to $19k area.
Failed patterns require extra confirmation as many recent Longs (who didn't stop out) will look to sell on any attempts to go higher.
#cryptocurrecy#Bitcoin
$BTC simple Buy Setup failed under $22.4k. The 4H chart moving average's lost slope and trend structure broken.
Switching to 12H and Daily chart, 20MA still northeast as price forms a complex pullback (two-legged) Prior support now resistance at $22.5k area.
#Crypto#bitcoin
$BTC Buy Setup triggered overnight but looks shaky. Stops below $22.3K. Could be in for a deeper pullback if pattern fails. Trapped Longs means excess supply.
#Bitcoin#Crypto
$BTC over $23,450 will trigger a Buy Setup on daily. Active Bulls watching & waiting. Lower timeframes look ready to push.
Prior candle's bottoming tail confirmed that resistance became support. Constructive signs that uptrend intact & valid.
#Crypto#Bitcoin#cryptocurrencies
@SaifAla11964463 Nice swingin!
Broke over 153 resistance yesterday and now re-testing that level. Big battle at this area on intraday chart. Made it lag rest of market in today's rally.
If old resistance becomes new support on next pullback/pivot, then very constructive. Upside room to 190-200.
#Bitcoin 1H chart uptrend has disintegrated and lost support.
Now we switch to the next higher timeframe: the 4H chart. Trend is still intact at the rising 20 SMA and nearing prior resistance (now support). Looks like a healthy pullback for now. Just a pivot.
#cryptocurrency
Little flash dump in $BTC as $TSLA reveals they sold 75% of their #Bitcoin holdings (~$1B worth).
Nice bounce off $22.9K support area (prior resistance). Needs to hold if the micro uptrend is to be sustained. 4hr chart still looks fine--just a pullback to r20.
#cryptocurrency
$SPY rejected the gap from June 9-10. Good place to trim profits after this 5-day rally. Let's see what sellers are made of on the next retracement.
Support: 390-393
Resistance: 401.5
#StockMarket#trading#SwingTrading#DayTrading
Smooth downtrend following $AAPL bearish headline. Market was already at resistance and rejected 296 double top area. Sellers just needed a reason!
Managed to catch $QQQ short at previous day close after retest & rejection for a quick move down to 290 area.
#trading#DayTrading
$AAPL headline tanked markets midday. Took $BTC & rest of #Crypto down with it. Lets see if damage can be repaired during the week. As of now big topping tail on #bitcoin daily chart at $22.8k.
Market always provides new info/reference points. Traders need to reassess and react.
$ETH broke over $1280 resistance during weekend. Nice power trend on 4h chart since. Room to $1700 on daily.
$BTC lagging. Needs to clear $22.5k pivot to join the rally. Looks to be consolidating for move now. Next resistance $26.7k.
#Ethereum#Crypto#cryptocurrency#Bitcoin