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.
Currently sitting in a small profit. Price rejected perfectly from the descending trendline at $335.45
What we would like to see here is for price action to show continuous bullish momentum and breakout above the trendline BEFORE the Daily bressert is turning bearish. If we don't, that would mean the probability of the trade is diminishing.
Let's see what Monday brings, have a good weekend all!
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.
4 days ago | [YT] | 1
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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.
1 week ago | [YT] | 1
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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.
1 week 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
2 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
2 weeks ago | [YT] | 2
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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.
2 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.
2 weeks ago | [YT] | 3
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Klein Investing
Update on the $APP trade:
Currently sitting in a small profit. Price rejected perfectly from the descending trendline at $335.45
What we would like to see here is for price action to show continuous bullish momentum and breakout above the trendline BEFORE the Daily bressert is turning bearish. If we don't, that would mean the probability of the trade is diminishing.
Let's see what Monday brings, have a good weekend all!
3 weeks ago | [YT] | 1
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Klein Investing
$APP
- Closed above the daily 10 SMA
- Pending Cycle Low
- Bressert cross on the daily, in process on the weekly
IM LONG
ENTRY: 310.54
TP: 476.99
SL: 290.08
R:R: 7.93
No financial advise, please do your own due diligence.
4 weeks ago | [YT] | 4
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