Downside risk in $CF is pretty low here, can break out and rally toward the targets on chart within the next few days. Can be a good position to have for roughly 9 days. Cheers, Ivan Labrie.
I suspect the $EURCAD cross pair is reversing in the weekly timeframe here, we might see a substantial rally as oil could be peaking here, and the $Euro is oversold. The setup calls for a potential rally to 1.53, with risk down to 1.47 if the trade fails. Ideally you try to get in on dips after the market is open, keep an eye on price action for an entry....
We either started a bear market here, since the break down from the lower high (and the 2nd and smaller rising wedge concluded) OR we are at a nice retracement to rejoin the bullish trend which is still active, which could culminate with a rally topping short of 100k, by May 2022. I can confirm which is more likely over the coming days and weeks, and will give my...
I like the setup here for some quick gains in this ETF. Downside risk is very low compared to potential upside within the next 10 days give or take. Longer term this could go higher, value stocks are strong in general due to inflation concerns and the reopening momentum. Best of luck if taking this trade. Cheers, Ivan Labrie.
Nice upside with relatively low risk in $ULTA for a swing trade here. I can see this rallying until August 20th easily, and reaching as high as $426 as best case scenario here. If price were to move below the white horizontal line this signal becomes invalid. Best of luck! Cheers, Ivan Labrie.
It looks like $GME is ready to break out from this range it was coiling in and massively rally towards $2360 per share by late August. I'd give this a 65% probability of happening, vs risk of losing 30% if it fails to rally. That's a 33 to 1 reward to risk which makes the trade totally worth it. Try not to risk over 5% in the position if you take it, in my case...
I am not a firm believer on inflation being transitory, and am pretty sure we are in the very last innings of a long term rally in equities that started from the 2009 lows. The yearly #SPX chart suggests this tops this year, which could be at any point of the year, and logically not later than EOY. The big question is when will the Fed hike interest rates, and...
I was considering the action before a long term top, with the action we saw lately in equities and the bubble in altcoins, it is very hard to stay long #Bitcoin here. I don't think it's safe to hold long exposure for the time being, and there is a distinct chance this was a long term top. Buying the dip near 50k was rewarding but it is probably time to bank those...
I think the alt season period we saw lately is over, it was a massive run since Dominance had peaked when Bitcoin was 1 week from peaking at 42k. The wealth generated in altcoins could be diverted towards Bitcoin here and help it recover from these levels. Certainly if I was an altcoin whale holding massive amounts of Ethereum in profit, I would rotate it into...
I think this is a prime buying opportunity in the long term in #Bitcoin here, in case you were in cash here, or hedged. I am long already, after hedging part of the last decline as per my previous publication. See the Dominance chart in related ideas for more thoughts regarding altcoins here. I think a combination of institutional buying and rotation from altcoins...
I think we have substantial risk that we are about to face the largest correction $Bitcoin has seen since the bottom in March 2020. Biden's proposal to hike taxes has roiled markets globally, and specially risk on assets naturally. Commodities are already rallying big and we know inflation is around the corner. I wouldn't be shocked if we saw the top for good, but...
Everyone continues to be bearish and fearful among the crypto folk, which is highly interesting. In this market, only the lowest of IQs and the highest will make money, as strange as it sounds, since it's a strong trend. Normal folks who suffer from post 2018 to 2020 bear market PTSD are reluctant to hold and take risks this time around, right when taking risks is...
It seems we have a trend here, I'm thinking we see a big rotation out of #BNB ecosystem and into #ETH based DeFi. Bitcoin Dominance chart suggests we have alt season until the end of May, and it fits this chart nicely. Let's see how this goes. Personally, I'm exposed via low risk margin positions against #Bitcoin collateral myself, but it is potentially valid to...
I suspect money is rotating back into #ETH and DeFi coins, moving out of the Binance ecosystem due to the drop in gas prices caused by flashbots preventing front running bots to cause a feedback loop of increasing transaction fees, which was a problem that had sent gas prices sky high. This had contributed to the rise of BSC and sent BNB sky high (paired with...
$1100 is in the cards here, $TSLA is resuming its weekly uptrend here. Analysts have been updating their coverage of the stock and we have many interesting catalysts lining up together with the earnings report coming up. Upcoming catalysts: Earnings Full Self Driving Beta v9 updates by May Biden's EV credit passing this year Berlin Gigafactory opening ...
Weekly trend in Bitcoin is about to confirm here, either going a tad higher or by this week's close. Daily is already trending up for a while, so the odds of this confirming are extremely high. We are already long from previous publications, but the continuation signals and pullback entries give us low risk chances to add or estimate where to trim exposure before...
I think $SUSHIBTC and $SUSHIUSD or $SUSHIPERP are trending nicely here and stand to benefit from the recent ATH break in $BTCUSD. Price discovery at play, there is a nice trend in the 3-Day timeframe here, so we can expect significant upside by April 9th or sooner as per the chart here. I'm long from a tad lower, but figured I should publish this idea here so...
I'll just leave this here, I leave the specifics to you, but I believe the selloff in Gold is over and it is about to resume the yearly timeframe uptrend. My clients and me are long already, and looking to capitalize on this run since it is likely to outperform stocks together with most commodities going forward. Cheers, Ivan Labrie.