Hi. Even though the expectations for a stop around 53-54K did not materialize, I want to remind you of something. Every time the monthly stochastic showed 100, it reversed. 82 is a classic FOMO. The monthly volume bar is down. Do you have any idea how big a pin this thing could be? Stop looking at the 4 hour chart.
On the above 2-week chart price action has corrected over 80% since the sell signal last February. A number of reasons now exist to be bullish, a few of which are: 1) A buy signal prints. 2) Regular bullish divergence. Currently 10 oscillators are printing divergence on the weekly chart (below). 3) Support and resistance. The yearly chart (bottom - each candle...
Disney had an excellent earnings report last week. Today it is moving off its support of the moving average cloud on the chart and going higher on a day when the general market is sideways at best. A table shows its strength as compared with other commonly traded stocks. I will take a long trade here and perhaps hold it until the next earnings.
LABU on a 240-minute chart has been in a trend up gaining 100% in 3 months. Both the fast and slow ( green and red) are above the 50 level. Biotechnology is expected to be a hot subsector this year as healthcare recovered further from the COVID pandemic anything from startups to big pharma- from vaccines to new drugs for diabetes, liver disease and...
Market ain't stable. So keep a SL tight. My analysis says we might see a good uptrend here. Buy senco at 875-877 sl at 838 target 918,940,970+ RSI breakout done All time high.
MACD and RSI trading strategy ssignal trigger BINANCE:AVAXBTC short signal triggered 65% winrate, 7.9 profit factor.
AMEX:SPY February 27, 2024 15 Minutes. As expected a small retracement happened and 505 was protected yesterday. For the move 503.02 to 510.13, nearly 61.8% retracement is done. For the fall 509.06 to 505.86 507-508 will be a good place to short. For the rise of 493.56 to 510.13, we have a 61.8% retracement of around 500 levels. For the day I will short...
TONCOIN - LSE:TON TON is looking interesting here. ✅Above 200 SMA ✅Series of higher lows ✅BTC pair appears to be bottoming out - 2 to 4 weeks in bottoming zone normal historically ⌛️Challenging POC (breach above pending) ⌛️Pennant Decision point imminent (pending) Eyeing mid March for conclusive direction, early bid possible here with stop under 200 DSAM...
Clear channels is in the TV network subscription package and distribution business; It's earnings approach on Monday Feb 26th. On the 15 minute chart, in the past week it dipped to pick up buying interest and then responded with a good rise into the finish of the trading week. On the chart are various signs of bullish momentum including buying volume spikes,...
There is a bowl formation. There is a falling wedge formation and if it can be broken, a good bull season can be experienced. The RSI is showing positive divergence supporting the positive view. Since the market cap is at 3-4 M level, it has the potential to easily make 50x or 100x with some money inflow. Listing on an exchange like Binance could trigger a big pump.
KOLD on the 15 minute chart has reversed and swung upside. The the anchored VWAP price dropped through the mean VWAP and is now in the deep undervalued territory of the second lower VWAP band line. This is an oversold zone for buying. On the chart, a green arrow is a buy while a red arrow is a sell. New share buys are funded with profits from BOIL...
Bitcoin finished 5 weekly wave in end of 2021 and we are in more complex forth monthly wave. So where we are? TOTAL3 also finished 5th wave and alt coins are in corrective move (ABC) - look at elliott wave oscillator and squeeze indicator BTC.D looks like accumulation structure. Note: I am not sure if we saw spring yet. ratio TOTAL3/BTC looks like triple top...
Jefferies Financial has been a tight range near old highs, and some traders may expect a breakout soon. The first item on today’s chart is the ascending triangle since 2024 began. The investment bank was initially trapped under $41, but more recently has pushed above that level. Is it breaking the continuation pattern to the upside? Second, JEF is near the...
📊 Script: IRCTC 📊 Sector: Railways 📊 Industry: Travel Agencies Key highlights: 💡⚡ 📈 Script is trading near at upper band of BB. 📈 MACD is giving crossover. 📈 Double Moving Averages is giving Crossover. 📈 Right now RSI is around 56. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 968 🟢 Target 🎯🏆 - 1049 ⚠️ Stoploss ☠️🚫 - 933 ⚠️ Important: Always maintain your Risk &...
I previously published the idea of shorting GE. It has now pulled back more than 4% on the retreacement. The short idea paid well using put options to profit from the pump of earnings expectations. Earnings were great but the run up was too much for traders. GE has now retreated and is ready for a long entry. Price is now in the undervalued range of...
** re-post from December ** On the above 4-day chart price action has corrected almost 100% since the sell signal in March (not shown). A number of reasons now exist to be bullish , including: 1) A strong buy signal (not shown) on both USD/ BTC pairs. 2) Price action is now testing a significant line of support and resistance . On both USD and BTC pairs...
On the above 6-day chart price action has corrected by 95% since January 2022. Today is great long opportunity. Why? 1) RSI and price action resistance breakouts. 2) Multiple oscillators print bullish divergence across a 4-6 month period, very powerful. 3) Seller weakness. Notice the long candle wicks into seller territory? This is especially true on the BTC...
BTC.D finally arrived the last hurdle before the weekly downtrend. There have been two bounces from the sky blue upward trendline forming a round-top structure between 51~55%. Now there is no hurdle to 48.6% except some local highs/lows at 50.8% and 51.8%. The weekly RSI retested the red upward trendline in October 2023 and is still 52. When BTC.D touches...