It was a good idea to cut the $APP LONG trade on a break-even a while back as price is now effectivly marking a lower-low.
Next level to watch would be the descending trendline of a parallell channel in conjuction with the cycle low window. which would be around the $260 level.
Price was able to break above the PoC sitting at $40.50. Next immediate resistance is sitting at $48
I am not planning a trade at these price levels at this moment. I am waiting for either two scenarios:
1. Break above $48, consolidate, and continutation. Let the daily bressert reset. 2. Retest of the PoC at $40.50, price holds this level whilst the Daily bressert reset.
I am TRADING IONQ at these levels, not a long term position hold. A key thing about trading is that we don't really care where price sits, its waiting for confirmations.
A long term investment buy zone would be the VAL sitting at $30.50 (if it gets there again)
- Cycle low showed up - Breaking out of a strong trendline - Daily bressert pointing up - Above 50 Daily RSI - MFI positive - Weekly bressert about to cross bullish - Weekly RSI holding the 50 level
One small bear signal: Mfi on the weekly just turned negative, could be a solid reason this trade could fail.
Nice push from $WDC, holding the $420 level. For a long setup, I am waiting for a clean break above the 10 daily sma (orange line) WITH a pending cycle low and sufficient buying volume.
Waiting for confirmations now, patience is a virtue in these moments.
The $CRUS (Cirrus Logic) trade is sitting in small profits. The daily bressert is now overbought, we would like to cool things off in the short term. The best scenario is for some bullish consolidation before the next leg higher. Preference: we stay above the 50 level on the daily RSI and see the CMF stay in the green.
If you're in the trade with me, don't shy of taking partial profits here.
BITCOIN
My Bitcoin thesis is playing out (so far!). We had a move towards the $79000 level, rejected, and seeing the anticipated drop. The Weekly bressert is about to have a bearish cross, Money flow going from green to neutral (bearish). Are we about to puke towards the 4-year low?
Exited the $APP trade on a break even. Not impressed by the breakout and most likely needs another retest of the lows. Waiting for the Daily bressert to reset, then ill assess the situation once again.
The proceedings of $APP are going into $SOUN. Started DCA'ing as the gap fill has been hit.
Next DCA level is HTF support at 5.91 If it gets there, otherwise letting it ride.
- Closed above trendline & Daily 10 SMA - Bounced off HTF trendline support - Pending Cycle low showed up - Daily Bressert crossed bullish. Weekly Bressert about to do so.
Klein Investing
It was a good idea to cut the $APP LONG trade on a break-even a while back as price is now effectivly marking a lower-low.
Next level to watch would be the descending trendline of a parallell channel in conjuction with the cycle low window. which would be around the $260 level.
20 hours ago | [YT] | 0
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Klein Investing
$IONQ Update
Price was able to break above the PoC sitting at $40.50. Next immediate resistance is sitting at $48
I am not planning a trade at these price levels at this moment. I am waiting for either two scenarios:
1. Break above $48, consolidate, and continutation. Let the daily bressert reset.
2. Retest of the PoC at $40.50, price holds this level whilst the Daily bressert reset.
I am TRADING IONQ at these levels, not a long term position hold. A key thing about trading is that we don't really care where price sits, its waiting for confirmations.
A long term investment buy zone would be the VAL sitting at $30.50 (if it gets there again)
Have a lovely weekend all.
4 days ago (edited) | [YT] | 2
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Klein Investing
LONG on $WDC
Entry: 472
TP1 (50%) -> VAL (558)
TP2 (Last TP) -> 650
Stop loss: 405
RR: 2.64
Reasoning:
- Cycle low showed up
- Breaking out of a strong trendline
- Daily bressert pointing up
- Above 50 Daily RSI
- MFI positive
- Weekly bressert about to cross bullish
- Weekly RSI holding the 50 level
One small bear signal: Mfi on the weekly just turned negative, could be a solid reason this trade could fail.
This is no financial advise, trade safe.
1 week ago | [YT] | 3
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Klein Investing
Nice push from $WDC, holding the $420 level. For a long setup, I am waiting for a clean break above the 10 daily sma (orange line) WITH a pending cycle low and sufficient buying volume.
Waiting for confirmations now, patience is a virtue in these moments.
1 week ago | [YT] | 1
View 0 replies
Klein Investing
Two Updates On $CRUS and Bitcoin
$CRUS
The $CRUS (Cirrus Logic) trade is sitting in small profits. The daily bressert is now overbought, we would like to cool things off in the short term. The best scenario is for some bullish consolidation before the next leg higher. Preference: we stay above the 50 level on the daily RSI and see the CMF stay in the green.
If you're in the trade with me, don't shy of taking partial profits here.
BITCOIN
My Bitcoin thesis is playing out (so far!). We had a move towards the $79000 level, rejected, and seeing the anticipated drop. The Weekly bressert is about to have a bearish cross, Money flow going from green to neutral (bearish). Are we about to puke towards the 4-year low?
If you haven't watched the Bitcoin video, have a watch! https://youtu.be/sEQtRXl1J0o
Appreciate you all.
2 weeks ago | [YT] | 1
View 0 replies
Klein Investing
Update on $WULF
Never entered the trade and this is a very good example why patience is so important and set rules for yourself.
My own rule, as explained in my WULF video was to:
- Have a confirmed cycle low
- Confirm above the upsloping HTF trendline.
No matter how difficult, you have to stick to a system and trust the process.
Next stop is $13.50 support retest, keeping you guys up to date.
2 weeks ago | [YT] | 1
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Klein Investing
Exited the $APP trade on a break even. Not impressed by the breakout and most likely needs another retest of the lows. Waiting for the Daily bressert to reset, then ill assess the situation once again.
The proceedings of $APP are going into $SOUN. Started DCA'ing as the gap fill has been hit.
Next DCA level is HTF support at 5.91 If it gets there, otherwise letting it ride.
Stop loss 5.60
3 weeks ago | [YT] | 2
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Klein Investing
WULF has broken out of the Critical Resistance as discussed in yesterday's video. What do you think happens next?
If none of the options fit, post your own personal thoughts down below.
Yesterday's video: https://youtu.be/tAmfF59QFJs
3 weeks ago | [YT] | 2
View 0 replies
Klein Investing
Long entry on $CRUS
- Closed above trendline & Daily 10 SMA
- Bounced off HTF trendline support
- Pending Cycle low showed up
- Daily Bressert crossed bullish. Weekly Bressert about to do so.
Entry: 113.23
TP: 156.25 (38.7%)
Stop: 105.00 (7.5%
5:1 R:R
No Financial advise, please do you own due dilligence.
4 weeks ago | [YT] | 4
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Klein Investing
Closely watching $TTD as Cycle low window has been confirmed outside the HTF trendline.
I'm not Long yet, as there has not been sufficient volume. Waiting for confirmation. Patience is key.
4 weeks ago | [YT] | 3
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