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Up again on uptrend. There's a gap up coming as a gap down needs to be filled
Well I feel for you.
You sent me a PM telling me to " Get Fucked " and I never attacked you once.
I guess the the proof will be in the pudding. Meaning no more insults towards anyone.
Nice breakout above previous resistance line. Above average volume says more traders see the same thing. Now let see if price can stay above previous resistance line and have a good follow through on the next trading day.
BITCOIN Chart.
Symmetrical triangle working to breakout one way or another. The thing is you can put all kinds of indicators on a chart but to me Resistance , Support , Ascending triangles , Descending triangles , Symmetrical triangles can find the breakouts or breakdowns. Every trader who looks at a screen see's the same price action be it from the newest trader to a seasoned trader sitting at a hedge fund somewhere.
My BTC Symmetrical triangle Chart.
LUNR - Breakouts of a Ascending Triangle.
LUNR Chart
bv xx b b v x v bb
LUNR - Ascending triangle breakout.
LUNR Chart
WULF - Good earnings news from yesterday. News like that can easily break through previous resistance levels. $2.75 , $3.25 , $4.00 and above. Above average volume and MACD Histogram = Momentum crossed above 0 line.
WULF Chart.
WULF Resistance lines @ $2.75, $3.20 and $4.00.
WULF chart.
WULF - Excellent end of year earnings. Price right now @ $2.13 up 24%. Resistance lines @ $2.75, $3.20 and $4.00. News like that can take stocks through previous resistance levels.
BITCOIN - Plain and simple. It doesn't have to be a company and with employee's , no statements such as quarterly and annual reports of which are just a waste on time reading as they are a byproduct of a company. All you need is one or two averages . I use the 20 day simple moving and the 13 day exponential moving average. One must be able to draw support and resistance lines. One must be able to see triangles such as Ascending triangles in a uptrend or just price breaking above the previous resistance levels. I use MACD Histograms as momentum strengths and RSI 14 as over brought or over sold levels which they can stay at those levels.
The 20 day simple moving and the 13 day exponential moving average were price breaks below can be used a a gauge. Today price has moved above the 13 day exponential moving average but there's still a couple of hours left in todays trading. See what the next day brings.
BITCOIN Chart
One doesn't need insults or arguments which by the way are the biggest waste of time on boards anywhere.
BITCOIN has broke the 13 day exponential moving average and beating on the door of the 20 day moving average.
BTC chart
BITCOIN. Roger on the profit taking and on the support level with the 20 day moving average. I also use the 13 day exponential moving average as support level. She is bending the 13 day exponential moving average but bulls are fighting hard . Watching how this plays out. I also us the MACD Histogram 12,26,9 as momentum strength which dropped below the 0 signal line and MACD Histogram 25,35 ,9 as longer term momentum strength. She could turn south next week but she has bounced off support before.
BITCOIN Chart
$BTCUSD - I agree with that as on my chart the Price made high highs but the RSI 14 made Higher lows = Divergence.
MACD Histogram 12,26,9 getting weaker. Watching to see how many supports she will drop.
BTCUSD chart.
$BTCUSD breaks another resistance line.
BTCUSD Chart
$VNET Breaking out from Ascending triangle with a Bollinger band squeeze with Macd Histogram as momentum.
VNET chart
$BTCUSD - Keeps going to new highs until it doesn't. Resistance today is support tomorrow.
BTCUSD chart
$EGHT - Nice follow through on a markets profit taking day. Survived the first hour and a half trading today. Breakout of Ascending triangle and a Bollinger band squeeze breakout.
EGHT chart.
AQST - RSI 14 became extremely over brought and like clockwork became a good short candidate.
Well agree to disagree- Seen too many new traders get burned. I sure every trader here just jumped right into trading and was successful NOT. I sure some had mentor's or someone who taught them. IMHO.
$EGHT - One of my picks to run this week. Breakout of Ascending triangle and a Bollinger band squeeze breakout. EGHT Chart.
Paper trading was meant for new trader's .
Thank you . Me being 64 and retired enjoy trading and technical analysis. I always feel that is more learning out there may it be from a lifetime trader or the newest of the the new. There always something else or a different way of setting up a trader. Yes I have burned up my account a few times but there are the costly, valuable and hardest lessons learned. A lot of new investors start out wanting to just jump the markets and that is the most dangerous way to blow up one's account . They lose all their money and quit trying to learn from it. They leave the market in embarrassment to never return. Anymore I try and tell new trader not to use real money until they can be consistent winning more time's than not. Even if you're strategy is winning much , then stop and change one's strategy.
Yes there are a lot of runner traders here and that's good. Past runners always continue to be runners again I've learned. I enjoy reading posts from all the traders who post and all the posts are usually clean and not bashing or arguing.
Thank you as I'm grateful . There's alway something to learn.
Thank you for you're words. Been messing with stocks and Technical charts since 2011 . Haven't posted much on investors hub much in the past. Ive burned up my account three times in the past and those may be hard but very valuable experience. I watch this board and read some stocks that are posts as on watch list . I study the winners and why they did what they did. I know not every setup pans out the there is no holy grail.
I enjoy you're posts and other's who post here. I may not reply much but I'm here.
Ok . Thanks for the info. I use the 13 day exponential moving average day over day. I then draw support and resistance lines each day on the first day of the 13 day exponential moving average day over day. I look for Ascending triangles or triangles that breakout of previous resistance. I also add the Bollinger bands as some times they give explosive breakouts.
Anyone care to explain the Stockcharts.com setups that mostly being posted here. Like in what's the Strategy? Is the first trigger the MA 8 above MA 8 one day ago ?
Macd 12,26,9
Full stochastic 14,3,3
Ma 8
MA 34
PSAR 0.02,0.2
Thanks in advance.
$XPEV Setting up for a Ascending Triangle breakout with a Bollinger Band squeeze breakout .
XPEV Chart
Thanks for the reply on CHWY.
Nice Chart.
$CHWY - Nice Ascending triangle on top of a Bollinger Band squeeze setup. Possible breakout.
Any opinions?
CHWY Chart
Stockchart.com - Ok . I have stockcharts.com the basic version $19.99 a month and use Stockfetcher.com $8.99 which is 20 minutes delayed . Both are simple because price action is all I need . I use the 13 day exponential moving average and at the end of the day one of the 13 day exponential moving average above 13 day exponential moving average one day ago I draw red resistance and support line's. I look for Ascending triangle breakout or plain resistance breakouts. I use the Bollinger Bands 20 watching for Bollinger Bands squeeze near the Ascending triangle breakouts. I also have RSI 14 for watching extreme over brought conditions which RSI 14 can stay above the 70 line for extended periods of time . The MCAD histogram is used as watching momemtum.
$ASQT shows prime example's
ASQT Chart
And
$LAC is another example.
LAC Chart
A article about Ascending Triangle's .
Article about Ascending Triangles.
Stockcharts - My default setting are still the same. From time to time I change the default settings if I find something I want to add or delete.
$LAC Ascending Triangle breakout in @ $5.26
LAC Chart.
Stockcharts basic is $19.99 a month.
A couple of years .
Stockchart.com I use it
$AQST Chart with a Ascending Triangle breakout.
AQST Chart.
Out of $BLUE and $JTAI . Took a position in $AQST
$INHD - Chart does have a Ascending triangle and yes a Bollinger bands have squeezed. Price in near the bottom support line and recent price has tapped the resistance line three time's. I would keep this one on a watchlist. It needs way more volume. Maybe when she breaks above the resistance might attract volume.
The one thing that every trader has in common is we see price action . What we do with that price action is the key. I've seen my old Morgan Stanley retirement portfolio manager buy stocks at the beginning of the recent COVID bear market in January of 2022. She didn't have a clue what she was doing. Needless to she isn't my manager anymore.
INHD Chart