entry will be around the 30 sma and target going down to the low 7k. After getting stop out of my trade yesterday for the bullish side. I don't see how bitcoin can keep going up from here.
Possible rebound on the rise.
AT&T (NYSE: T) What is AT&T: Is a telecommunications company that also provides mobile phone Services along with Cable and Internet Services. JesusTrades Score: Sell Scale Score: Risky (7/10) Portfolio Hold: 1 month Fundamental Reasoning: Last Earning Report (Pre-COVID) T reported an earning of less revenue than last year, less EPS and and a Loss on revenue....
General Electric Company (NYSE: GE ) What is General Electric Company: Is a diversified corporation and will its products include from electrical and electronic equipment, aircraft engines, and financial services. JesusTrades Score: Sell Scale Score: Risky (8/10) Portfolio Hold: 1 month
To hedge the related idea that I have link below, this is the Bullish outlook for the week that I will see possible with the channel for Bitcoin.
(This is an updated version to the related idea that i will have link with this post) After looking over the 45 minute time frame. It became clear to me from the RSI that the Market is presenting a double correction instead of the single correction like i pretended. I still did jump short from the wick off the short zone and plan to fully close at the "Fully...
Small relief rally coming to the short zone, then i expect a downside move to the target zone 1 and 2. Target 2 will take longer because there will be a small bounce from the target 1 zone.
The link i will be related below will be an invalid plan due to the outbreak and now seem to create a top and wanted to dump further. This is the bearish case am taking based on the four hour time with a double correction taking place.
Find this a temporary wave 4 bottom with a nested 1,2 already in.
S&P 500 seem like it will still run, bitcoin will join along.
Bitcoin going parabolic so instread of a regular 1.618 for a wave 3, update my top target to 2.618 level.
Bank of America (NYSE: BAC) What is BAC: A bank that provides investment and financial services. JesusTrades Score: Sell Scale Score: Risky (8/10) Portfolio Hold: 1 month
General Electric Company (NYSE: GE) What is General Electric Company: Is a diversified corporation and will its products include from electrical and electronic equipment, aircraft engines, and financial services. JesusTrades Score: Sell Scale Score: Risky (8/10) Portfolio Hold: 1 month
AT&T (NYSE: T) What is AT&T: Is a telecommunications company that also provides mobile phone Services along with Cable and Internet Services. JesusTrades Score: Sell Scale Score: Risky (7/10) Portfolio Hold: 1 month Fundamental Reasoning: Last Earning Report (Pre-COVID) T reported an earning of less revenue than last year, less EPS and and a Loss on...
ISHARES 20+ YEAR TREASURY BOND ETF (NYSE: TLT) What is TLT: Is a long ETF for ICE U.S. Treasury 20+ Year Bond Index and other bonds JesusTrades Score: Buy Scale Score: Risky (8 / 10) Could have another leg lower Portfolio Hold: 1 month Fundamental Reasoning: Due to low interest rate this play could be a good trade to take, but not something long...
Wave Analysis With the recent sideway action, I see it as a wave 4 and currently we have completed wave 1 and 2 of the 4th wave. While we are in the middle of a wave 3, I see it going to 7.9k to 8k and possible top finishing around 8.1k to 8.2k and then we see from there after I see what price action does at the 8k level. Trend Analysis We are still bullish as...
ETFMG Alternative Harvest (NYSE: MJ ) What is ETFMG Alternative Harvest? An ETF that acceptance of various uses of the cannabis plant such as pharmaceuticals, biotechnology and life sciences, JesusTrade Score: Buy Scale Score: Low (3/10) Portfolio Hold: Yearly Hold Fundamental Reasoning: The following below are the top 10 holding for MJ: GW...