nuevatraders

nuevatraders

The stock looks good on fundamental and technical parameters. My average buy price is around 509 with a SL of 483. My expected target is around 650.

nuevatraders Updated 

The price is still in Stage 1. Although internal consolidation looks bullish. Volumes are dried up when price pulls back and expansion when price moves up can be seen. The bullish spreads are also getting wider. Some traders will perceive the internal structure as inverted H&S, while some will see it as Cup and Handle pattern. Reminder - We still need a decisive...

nuevatraders

BTCUSD provided a short sell entry as the bearish flag breakthrough was followed by a break of the 50DMA. Following the ETF approval, there was a surge in distribution, indicating a local top. I believe it is time for BTCUSD to make a major pivot. I am an optimistic person, and shorting does not fit my psychological profile, thus I prefer long-only trading. And,...

nuevatraders

Entry triggered again, but did not re enter as was already scaled in other better performing stocks. Lesson - Always have a pre defined number of stocks in which you will invest in at a particular time.

nuevatraders

The structure of gold still remains bullish, a small cup and handle is forming within the handle region of a larger cup and handle. A decisive breakout of the handle might start a multi - year bull run in GOLD. KEEP IT IN YOUR WATCHLIST!

nuevatraders

The stocks seems like coming out of a short term consolidation. Although the breakout candle represented some sort of selling pressure. I would need the price to move in my favor before I add some more positions. Overall bias remains bullish.

nuevatraders

The technical chart looks quite bullish, and the fundamentals are also great.

nuevatraders

On a monthly time frame, Gold is forming a cup and handle pattern. The breakout of consolidation region could initiate a multi-year move. Weekly/ Daily time frame should be used to identify entry opportunities. Always consider a high RR ratio before you enter in any trade.

nuevatraders

BTC formed a solid base of around 38% range, once candle closes above the Stage 1 structure, I will be entering a long side trade. Since volumes on the down side are drying up and on the upside are expanding. Moving averages are also flattening out. I assume my target to be around 38% which is equal the the range of the base.

nuevatraders

1) Stock had been underperforming thereby chances of a breakout were less. 2) The RS line tanked while price was moving up. 3) 2 Shakeout attempts after the while price was moving tight in range. 4) Entry was taken on 1min. Timeframe.

nuevatraders

Just a Reminder - The price is still in a Stage 1 structure, I would like to see a decisive breakout of Stage 1 - Accumulation structure in terms of Price and Volume. This would give me confidence as bitcoin will be transitioned into a Stage 2 - Uptrend Structure. Note - The price has risen up almost vertically for about 60%. Thereby, chances of breakouts are less...

nuevatraders

Short term view on bitcoin. Looking to enter longs.