10/14/2021
$ETH βΌοΈ
Ethereum retesting previous highs with a cone squeeze. Expect some slight sell off before this reaches new highs!
The RSI shows us price progression, each time Ethereum reached (~$4,000) the indicator displayed a lesser spike. This is explained by increased volume & buying pressure. At the level of $4000 ethereum is becoming stable and has room to go beyond the RSI and create new overbought levels .
Should see a nice breakthrough a pull back then the moon ππ
06/26/2021
TWITTER!
$TWTR
The gap is filled!
After the big volume increase the moving averages followed! π
You can see how the faster moving averages from yellow (10MA) blue (20) and purple (50) being to cross. The faster averages crossing the slower ones indicate an increase in price!
The trend channel is also being maintained with the resistance being around the $68 level!
I suspect this trend channel will be broken in the future but for now this trade is cashed out! π°π€
06/07/2021
TWITTER
$TWTR π¦
That gap is beginning to get filled slowly but surely! π’
Thereβs some possible resistance at the $60 mark however buying pressure has been increasing!
With the 10 Day moving average (yellow) crossing over the 20 Day moving average (blue), this shows an increase in buying pressure. With the cross of the 50MA there should be an increase in bullish volume ! π
We may see a nice bounce off this trend line! π
Make sure to follow for more stock picks and analysis!
05/17/2021
Crypto chart breakdown ! π
Bitcoin is taking a slightly more
aggressive retracement to the 200MAπ
After the bullish run the crypto market
has had this breather was necessary
Bitcoin is a good indicator of the crypto market π§
Litecoin is finding support along the 50MA!
Price action is still very bullish, this
retracement may not be long lived
A hard bounce could return price back
to previous highs!π
05/11/2021
$ETHERUM !
ETH has been going crazy during this crypto rally! π°π
As you can see the chart is in a strong uptrend but also notice the bollinger bands showing some room for higher prices!
Bollinger bands typically show an average range of overbought and over sold levels. The RSI works in a similar way.
This space of higher prices are a good indicator of bullish momentum π₯
This crypto rally has just begun in my opinion, Iβm excited to see how high these coins can go!ππ
05/07/2021
$TWTR
Nice set up here with Twitter, a bounce on the trend line looks likely with the bullish hammer candlestick. πͺπΎ
Sufficient bullish momentum should push it through towards $55 π
That gap will get filled one day though π
Follow for more technical analysis support!
04/28/2021
The Taking Trades trading lessons are coming!
May 1st we are opening the lessons to the public after only doing private lessons previously.
If you have been wanting to learn more about investing or even have no clue how to start, you have found the right place!
If you want to learn how to reach charts and understand technical analysis, youβve found the right place!
Clients who make an appointment with their email receive will an added bonus!
04/26/2021
WEEKLY WATCHLIST ! π
HIGH PROBABILITY SET UPS
Trade formations that are going to make YOU money instead of lose money. Trade with complete confidence and awareness.
Too often I see my students trade based on emotion or illogical reasoning.
I trade formations that are high probability meaning there is a more than likely chance that the price will move in my favor. Breakouts and retests of previous support are some of the best ways to make consistent profit in the market!
The market may not always go your way but that doesnβt mean there isnβt money to be made! π°π€
03/30/2021
Letβs take a quick look at Bitcoin!ππ
Love this healthy trend Bitcoin has going on. πThe volatile spikes are less frequent making this trend more smooth and easier to trade! π
A nice bounce off the 50MA is a good sign of health. Bitcoin looking like itβs ready for new highs coming in April!
Road to $75k ! πΈ
Bitcoin finishing the dip!
Did you get any more coins?! πͺ
03/21/2021
BIG NEWS! π¨
As investing becomes more mainstream and floods of people begin to see a new method to generate income, Taking Trades will be announcing 1 on 1 trading lessons!
These lessons will be aimed for investors of all levels and will cover basics from buying and selling to chart analysis!
Stay tuned for updates on the course!
03/15/2021
WEEKLY WATCHLIST!
Here are some of the stocks I will be keeping my eye on this week! Plenty of opportunities in the marketπ
After buying the dip, itβs time to reap the rewards!π°
Pay close attention to the market these upcoming weeks! Many new sectors are evolving and more economic growth is expected!ππ
03/08/2021
Here are some of the wins of last week! π€π
These past couple weeks in the market have been very choppy. Patience and being able to step away from charts helped maintain my focus.
Swing trading allows me to be flexible and not feel pressured by the market.
Let the plays come to you and take the trade! π°