Remember when i said i was buying calls from $422-$417 and expecting at least a bounce back to $429? Trading options on the daily/weekly has been wonderful with this T/A lately. Now if we can just open lower tomorrow and keep the momentum of Wins going. We began buying PUTS today at the $436 line given. Honestly most of them we worth closing (and did) by...
Disney has done EVERYTHING we asked of it. Now the question is do we pullback before going higher? I think that I'll be watching for a test of the $82 area minimum (hopefully) and if we get lucky. We may see it come back and test the $80 in which case i will be just as aggressive as last time.
Well, that played out nicely. All week i kept updating last week's posts about Disney being at 2014 support and even if you don't want to hold it Longterm, we should expect a bounce and i was buying call options short and long term. Instead, I get replies from guys telling me about waiting to buy at $50 LOL.
I remember when i used to agree that T/A and charting didn't really matter vs narratives and market manipulation etc. Well, that was before I lost a ton of $ trading crypto without it. Then I became OBSESSED with learning it. It's not the cleanest and I'm still working on my skills etc. However, I totally believe in it now. It continues to amaze me daily...
If you follow me, you'll see we are on pint with these calls and setups. I gave you that top yellow trendline acting as R (resistance) Last month and told you to keep watching it. Even pointed it out to several other much BIGGER accounts that thought it wasn't in play. Well its worked for US. At the start of the week i gave you this possible channel and top...
If we bounce and push back up through a few of these recent lines. There could possibly be a nice short setup around $4275. You'd want to be paying attention to the bigger picture as it comes ( if ) and have to make that decision if it/ll hold or not. I'd expect reaction regardless though i could be wrong. I'll be watching for it .
Here is an even more aggressive and dramatic downward channel idea and still I say we are at least due for a decent bounce. Especially if trading options etc. Just a tighter trendline down and lower top goal then prior chart given. I see some BEARS come out and wanted to give and even more Bearish idea and view, but still not ready to focus on SUB $78...
This continues to look like a great LONG and or time to DCA etc. Talk about generational opportunities. Unless your certain its going to $0. Its looking rather tasty RIGHT HERE. I Do think more manipulation comes this year for markets and possibly just Disney. BUT for now i'll play this LONG and IF we go much lower i will begin agressive DCA and plan LONG...
There's a good chance the dollar takes a breather somewhere up in this range and lends a moment of temporary relief to stocks etc. I'm watching as you can see for just a bit higher up into the 7.50 range and i think the algo's just might Front run that idea, so my level is posted at 107.333 and I'll be watching there for relief rally in other assets.
I KNOW i have not posted any charts in a while and you might be wanting (if you follow me) to know how to feel about this BTC breakout and recent pump. But in all honesty, all it has done is come right back into the rang and using the same S(support) and R (resistance) lines that I mapped out for you months ago. Only thing is now the lines you used to buy for...
The next real support level on MY charts is that $417 range. However, there is an upward trendline that the entire sp500 spx is just now hitting that goes back to the lowest wick of the bottom that started this Bullish uptrend move months ago. We may very well bounce short term from here and go back retest the drop if the spx can hold the line. In the bigger...
Looks like we will get a bounce from the lower trend line given couple weeks ago that matches up to the lowest WICK that started this entire bullish move months ago. now lets see if she holds. In the bigger picture I'm still looking for deeper correction and im still loading PUTS dated 10/13-10/20-11/19 and later
So far, we are holding on the trend line /Base that has been here since this move up began. I will be watching to see if we break this line to head lower and add to puts etc. So far it has acted as the TP zone from puts already bought and as a short term bounce for some quick plays this morning on calls. However i think we can go lower to the next one or two...
Current trend lines and levels I'll be playing going into next week until charts change this works. Much of this has been recently used for day trading options.
Worth watching and paying attention to the overall theme for the last 2 days which is easy if you ignore the fake out. Puts are printing.
Near term levels and trendlines I'll be watching and playing if looking for entry and exits on crypto plays and or related BTC stocks.
If we open Red and deeper into this correction your week will most likely look something like this and these are the lines i'd be using to try and get In/Out Open/Close etc. prior plays and or create new ones.
I'll be looking for something like this to begin playing out in the morning. I began buying some calls on the trendline intraday Friday. We will see how it goes. I don't think we go back to up for long just yet. I'll be looking to begin reloading PUTS on those up lines given.