Trader BakeY — Trading Ideas & Charts

SQUIDWBNB

, 15

Quick chart on Squid Coin, not a bad R/R @ 4.63 Keep SL tight as the coin is a new one and could rip either way. Happy Trading :)

NVDA 4hr Entry

NVDA

, 240Long

BakeY

Here's my thoughts on the next play for NVDA, Wait for the test at 1.618 (around $567 area). The area to buy on the pull for me is around the $535 - $516 area, then a bounce up to make an all time high and hitting $710 (4.618) area for me. This is a mid to long term trade for me. None of this is financial advice, just my thoughts on what MIGHT happen in the next...

HCMC Area to hold

HCMC

, 240Long

BakeY

HCMC is at a good area to hold, I could see it possibly wicking down to the 0.0007 level. This stock is very over hyped so be careful when trading this stock. Any advice is welcome. Cheers Jake

BTC Short term Short play?

XBTUSD.P

, 240Short

BakeY

Hi Guys, Here's my thoughts on the near term for BTC. As we are currently rejecting the lower high of the of this local up trend I'm am hoping for a move down to around 31k ish level ( the -1.618 fib). If this happens it means we have the lost the 4hr support level of around 32.2k ish (-0.618). If we then find support at this 31.1k area I'm expecting a retest...

GME Going crazy!

GME

, 240Long

BakeY

Looking at price action over the last few days and drawing a few fibs I'm looking at this area for the next profit area for GME

US Oil short play

USOIL

, 60Short

BakeY

Hi Guys, I'm looking for a little long on USOIL at 51.6/51.7 range. If we hold that area we can go up and retest the resistance area of 52.1/52.6, I will flip my long to a short. If we then reject that area I'm looking for a further leg down toward the 50 area. This is not financial advice, trade at your own risk. Any advice is welcome as I'm new to charting...

Breaking Point for BTCUSD

BTCUSD

, 240Short

BakeY Updated

If we don't gain this 4hr level its going to look very bad BTC. We need to gain this area of resistance around 36k to 36.4k, if we don't I'm expecting a very large dump to the 31.6k area. If we don't then find support in that area of 32k then I'm expecting another large dump to around the 24k/23k area for BTC. The risk to reward on this trade is massive, just be...