Hello. This is my overnight setup for the weekend. I wanted to hold short or open long equities rather than bonds but it's not feasible at the moment.
Unfortunately this is posted after market close, but will serve as a journal for how poorly/fantastically I play it.
A funky strangle, with a 1:1:1 ratio:
Mar 19 +140C @ 0.65
Mar 19 +135P @ 1.45
Apr 16 +100P...
Invalidation occurs at another test of the recent highs.
Targeting upper 4.5s, then 4.2s, then looking for a reaction upon upper channel test if it occurs.
R of this trade: 0.5:1
3D chart showing the formation of the horizontal channel.
Picture in case the idea is scaled oddly in the published chart.
Futures premium from FTX, on a Bybit chart. They're all...
Targets:
0.5580
0.5454 (should it occur)
Leaving small amount on the table if it runs deep
Stop: ~>=0.591
Reasoning:
High funding
VPR showing curved top
Felt like it
Notes:
Should be actively monitored, I don't trust trailing stops
I will not be actively monitoring this trade
Picture for clarity if the main chart isn't scaled correctly
Zoomed out to 2hr...
While spot/perps did not hit the holy $50000, many March futures did.
Mostly complete list of exchanges that breached $50000:
Deribit
OKEx
Huobi
Binance
FTX
BitMEX
Surprisingly, CME and Bakkt's March futures were unable to break over $50000. CME's June contract did, however.
REASONING
Futures play a huge role in leveraged trading. I have seen this...
EOS makes big sweeping moves on well defined S/R levels. I believe, whether or not the coming week is bullish, there will be a sweep down to clean out the over-leveraged and paper fisted.
Stop above the recent high, looking to close in green highlighted area
Binance uses cross margin, and once DOGE dumps, traders who are long bitcoin will be force liquidated.
Here we can see VFAP showing that price is on the upper band, traditionally where price will reverse downward.
Contingency: If it does not go down, it will explode upward and retrace, but may take hours before returning under the gray horizontal box.
Here's TQQQ divided by the M1 money supply.
Here's QQQ divided by the M1 money supply.
By dividing by M1, we are able to see the supply adjusted value of the share. I chose to use TQQQ instead of QQQ for a short because it looked pretty cool making a triple top when divided by M1. Haha.
Fair warning: this is a 2017 coin.
Each time the PVD or MACD crossed up, it was a bullish sign and price moved up. Sweet!
OBV shows accumulation despite price moving down. I think. It would better best to use a USD denominated OBV.
Here is there website:
www.icon.foundation
This is a synthetic pair trade. This chart shows the performance of altcoins as a whole against bitcoin (in market cap).
Based on the December 2020 open horizontal, it appears alts have hit a resistance.
The trade setup: long bitcoin, short the alt you hate the most, for a 1:1 ratio. You can't short or long just one because you might be incredibly wrong (or...
Longing the USDT paired version as well for higher upside.
As you can see on volume, volume is rising while price is rising . That's a rare sight! Shows huge demand.
MACD is going crazy and I actually would like some advice on how to interpret that haha. It's bullish, yes, but...
VZO is in 'accumulation' zone, breaking above 0 is bullish.
Meme.
So the narrative for $GME, a brick and mortar store that has been closing down shops since the start of the Big Coof, is that a community of traders all agree to buy the stock and its calls, forcing price to go up and MMs/dealers to purchase shares themselves to hedge against exercised calls.
What the chart is: GME share price divided by the M1 money...
![XRPUSDTPERP: [2021/01/19]Coinbase closing XRP markets tomorrow](https://s3.tradingview.com/j/Jnl29Qh4_mid.png "[2021/01/19]Coinbase closing XRP markets tomorrow")
