Spotted a potential inverse head and shoulders pattern form on the daily ADA, DOT & CLV.

The trend is your friend until the very end, but if you break the trend it’s time to make a new friend… To my surprise, the trading system I’ve developed is proving profitable for long positions, despite the bearish market sentiment, so I’ve refined the repeatable steps and opened 6…

Update* Closed these positions for a 12% overall gain in the trading account size. …

I’m still in the Bitcoin short I started as a scalp trade yesterday. This has now become a swing position, without the conviction to the downside I started it with. …

*Update* Came within $23 of hitting my stop loss on this trade, only for things to turn around and form a double top. Confirmation of the double top pattern has confluence with the bottom of the 15M Bollinger band. The technical target of this double top would be close enough…

Straight forward BTC short set up, based upon the technical target of a bear flag. Entry based upon a bearish cross on the 1H MACD, with a rejection of price from the bear flag support line representing the optimal entry set up.

Enter 4 long trade positions, based upon previously posted analysis. Anticipate further downside but view these low-value position trades as fair reward vs risk for charts that look ready for a relief rally. CPI FUD might also be priced in at this point, leading to a relief rally into the announcement. That or I’ll get stopped out on the opening of Asian markets and learn a valuable lesson in remaining humble.

Bitcoin has printed a blood diamond (Market Cipher Indicator) on the weekly chart. This is doom and gloom stuff. The sort of indicator that if I saw it on a lower timeframe would have me go big or go home on a short position. Seeing it on a market-leading chart…

Axie Infinity has been trading with an ascending channel since the start of the year, as illustrated through the application of a custom fib channel and the confluence of support and resistance with key fib channel intersections. When playing a Bollinger Band bounce long strategy you look for a W…