DeNomics

DeNomics

AMD has been unstoppable over the last few years, and this last shake out of the market has been a testament to its momentum. Perfect bull flag break out running to ATH and now looking for the cup and handle style break out in trend which often follows months long bull trend. The market is set up well and my next targets for taking profit is around 133 and 145...

DeNomics

Not to phased by the current price action on Bitcoin in fact I find it healthy right now to see a short term consolidation even pulling back as low as 55k to re fuel the rocket. The 236 is currently holding as support which is a pretty bullish sign and if we dont break this level and move to the 382 then i believe we will start seeing some truly parabolic price...

DeNomics

Descent pull back with the dominance over the last few days with Bitcoin falling just short of 48% dominance. Surprised to see ALT's hold there value on that last push which tells me the money isnt ready to flow yet or maybe its about position more money into a liquidity pool to shake them out. Either way I see BTC making a big come back very shortly after this...

DeNomics

The US markets have taken a beating over the last few weeks but as sellers start to reside we could see some short term recoveries across the market on some strong players. Im watching AMD closely with this flag formation, not ruling out a drop back further yet before a bounce but the market structure is set for a continuation Fib levels from the last bullish...

DeNomics

Gold has broken the bearish structure with a descent push and is holding price outside of the bearish channel. Expecting to trend back up towards the top of this range although will front run TP as I feel like we might start to make some lower highs forcing a squeeze on price again soon, not really expecting it to move fast to the top of the channel and break...

DeNomics

ICX have made a massive pivot this bull market and have scheduled in there main net launch towards the end of this month. Its been trending nicely since august apart from a drop down at the end of September but has reclaimed that trend again since bitcoin made a come back. Looking at targeting the liquidity zone around 2.7 before the end of the month, although...

DeNomics

The US markets have taken a hammering over the last week or so with everything going on. Long term secular trend since the covid crash has broken so if we are going to see a descent market correction, we now have the signs and triggers to get it cranking. The market index has run over 100% since march last year which is pretty hectic, a descent correction is...

DeNomics

We lost the support level at 22 the other day with a clean break and tried to reclaim the level but tested as resistance. Would be surprised to see this down trend continue for a little longer yet. Dont mind the short scalp right now but invalidated if we walk sideways or break this up trend for now

DeNomics Updated 

Sneaky long on WTIC over the next few weeks, waiting for a pull back after this break out to get a better entry. Missed the original break and was actually looking for a short in this channel.

DeNomics

We lost the support at 44k last night and saw a pretty sharp breakdown and is now acting as resistance on the smaller time frames. Expecting a continuation move down to the area of interest around 38-40k before seeing another attempt and trying to change market structure. IMO the market is still bearish and any bullish rally we have is a short term recovery.......

DeNomics

I feel we are back into a critical point with bitcoin right now, this whole rally back up to 52k never felt strong and was more of a suckers rally imo. this latest liquidation move has upset the field a little and pushed some people into the realm of uncertainty. I feel we need to get past the key fib levels on this retracement to regain strength other wise its...

DeNomics

Strong resistance at 1830 almost looks suppressed with how accurate that level is with consistent volume. Not really looking for longs buying into resistance but break above here could see this wall break down and a lot of positive price action. At the same time another rejection at this level could see another touch down to the support set around 1680. Will...

DeNomics

Amerco the parent company of Uhaul in America a large transport company. Logistics and transport have been a massive player in current economical situation so these companies are not to be overlooked. Noticed a lot of inside buying going on with the CEO's recently so took a position on a punt before the break out of the major descending consolidation. Days later...

DeNomics

Been consolidating for a while but finally broke the bearish structure recently and is starting to head north towards to key areas of resistance. Already got a position from the consolidation but looking to possibly add to the position if we retest that upper band of the previous consolidation. Ideally not a fan of buying into resistance but it seems to have...

DeNomics Updated 

Metals havent been performing well recently and after the big drop a few weeks ago cementing the current trend I feel like this recovery will be short lived as we now head but the overall down trend once again. Looking to target the previous support over the next week or 2, but if we break this trend and find support here i may bail early and look for the bull...

DeNomics Updated 

Been in this for a little while now since the change in market structure and added a few times to this position so not the best avg weighted entry but still well in profit. Classic sweep of lows and change in market structure has me excited on this position and more recently over the last month with the gap up above the previous short term high and now the...

DeNomics Updated 

BNB is a little over extended for me right now so waiting for it to come back for another entry. Looking at a short term trade here to either take profit at the current resistance or watch closely with alerts in case we break the top and start to move higher. Looking at either that support level or current uptrend for an entry and ideally buying after it cools...

DeNomics Updated 

Taking a position on Gold for a short term trade, broken out of the major structure after a solid bounce from the big drop a few weeks ago. New structure forming over an important EQ level after the break out and now forming a bit of a bull flag. Only looking for a short term trade here for now up to previous resistance.