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2020bullmarket

SPX - Update - 61.8% Fib in Sight - Bull or Bear?The SPX has broken above the 50% fib level and looks set to visit the 61.8% retracement. Prior Analysis We have already moved beyond my prior analysis targeting the typical 50% retracement, whilst this is not uncommon it is certainly a testament to the power of stimulus and a positive narrative, or perhaps naivety, as the Federal Reserve has stepped up their "stimulus" to unprecedented levels, north of 1.5 trillion within the past 4 weeks. With Lorrie Logan, head of the federal reserve's open markets, signaling that further irreversible intervention is inevitable: "supporting smooth market functioning does not mean restoring every aspect of market functioning to its level before the coronavirus crisis. Some aspects of liquidity—especially aspects related to transactions costs and market depth—are importantly affected by fundamental factors such as how the current extraordinary uncertainty about the economic outlook influences trading behavior. These aspects of market functioning may not return all the way to pre-crisis levels for some time, even as our purchases slow." With the knowledge that the Federal Reserve is and will continue to be the buyer of last resort, barring direct stock purchases (for now, but that will change shortly). How do we play these markets? The US economy is not going to open until May 1st, at the absolute earliest, according to "leaked" white house documents: "The plan lays out three-phases: Preparing the nation to reopen with a national communication campaign and community readiness assessment until May 1. Then, the effort, through May 15, would involve ramping up manufacturing of testing kits and personal protective equipment and increasing emergency funding. Then staged reopenings would begin, depending on local conditions. The plan does not give specific dates for reopenings but specified "not before May 1." Furthermore the same document states that government intervention is likely to continue until a vaccine is available: "The plan also carries this warning: “Models indicate 30-day shelter in place followed by 180 day lifting of all mitigation results in large rebound curve - some level of mitigation will be needed until vaccines or broad community immunity is achieved for recovering communities.” This fact alone, would suggest that the downside is not over just yet as the longer the lock-down measures remain in place the more the US economy will continue to bleed. But we must not get too bearish too soon. Gap Fills? The correct play at the moment, in my opinion, is to expect more upside albeit only for the short-term, as the rush of stimulus and the apparent slowing of global infections continues to placate markets and with the breadth of CB purchases, the path of least resistance is up. That being said. I will be looking to go short, should the market fail at the 200 ma or at the 61.8% fib level. I will be open to long positions, similar to my WES trade, which produced gains of over 170% in little over a few days, but i am more comfortable, waiting in cash for the time being, as even the slightest bit of bad news can send the markets tumbling lower. -TradingEdge Sources: Federal Reserve Operations: www.zerohedge.com White House Document: www.zerohedge.com BlackRock Following Fed Purchases: www.zerohedge.com
SP:SPX
by Profit_Link
2
Btc Above 10k...The 2020 BullRun on the doorso tell whatchu I still suspect the H&S pattren forming but I really think it is and if so The Rs is gonna be the begining of 2020 bullrun especially now with only 6 weeks till the halving and btc already hitting the 3k bottom it might not be like a straight breakout but it will eventually reach what we all have been expectin' and especially if btc closed the day candle above 7k this will be a really great sign idk what u guys think but lemme know in the comments
BYBIT:BTCUSD.PLong
by Valencia18
2021 #Bitcoin Outlook: Is 100K ATH Really Possible?This could be completely wrong however I write this with a smile on my face. If we are on in the correct wave cycle, then I believe the top of 100K is possible if all things play out like they have in the past. It is hard for me to forecast going past 100K ; this is already 5x of the ATH which is very possible. There are obviously a lot of factors in play here: Stock Market, Economy, Depression, Health of the World, Banking System, US Regulations, etc. But once I actually chart this out, 100K doesn't seem so crazy, it actually seems like I am low-balling the possible high of this bull market, maybe underestimating by a lot, or over-estimating the high. But I do this to engage in a conversation with you all. So what are your thoughts ? - NCCM
BNC:BLX
by New_Creation_Capital
ETH $365 Early MarchEthereum to $365 early March if we maintain our current ascending channel (6 weeks strong). Both of the previous bull runs maintained their channel until they reversed to complete their wave. The first ETH run end of 2017 went from $300 to its ATH of $1400 over the period of 3 months in 3 distinct runs (That’s an average of almost $100 a week!) The second run started December 2018 and ran from $84 to $365 over the period of 6.5 months in 5 distinct runs The third run started around 3.Jan.2020 and has currently ran from $125 to $284 over the period of 6 weeks in 2-3 runs. This current channel is tighter than even the explosive channel that led us to $1400 in 3 months in 2017. This channel if maintained will go high, fast. Here I am seeing the real possibility of $365 in around 3 weeks, early March. Already I called for $750 April.2020 to return to a channel it established starting late 2018. Looking at that channel and our trajectory, we can expect for this aggressive run to start to take on a more reasonable and maintainable trajectory once it is in the channel somewhere between $850 & our ATH. I don’t know for sure it will return to this channel but it seems probable and I always find it amazing how even a year later, a channel can resume at completely different price points, maintaining diagonal support/resistance. So far there is no reason to believe it will break this channel, however, if it does, we should anticipate the potential to return to the multi-year trend line around $175-$200 depending on timing. In this case, touching the multi-year ascending trend line is a strong buy signal but be aware, a meaningful break below this trend indicates the end of ETH's multi-year bull run and is extremely bearish. I am bullish, I believe 2020 holds a lot of potential for crypto. I have long holdings and day trade ETH, this market makes it incredibly easy to profit. If you are new to trading, only trade what you can afford to lose, think of it like you are going to the casino and don’t bring more than that. If you do well, how ever much you bring will be enough. If you don’t do well, be glad you didn’t bring more. This is not investment advice, I am sharing observations I have made with my own research. You should always DYOR, don’t rely on any one person or signal. Also as usual, plug for our site, vcdepth.io I use the global orderbooks or an assets global order books to assess when a knife is likely done falling or a rocket is out of gas. I use it for signals of large orders that hit the books, I look for changes in the Market Depth Ratio, many times the books signal before volume and price and also provides another signal to look for divergence from price and volume action.
by EncryptShawn
New 52wk High in the Horizon Photon Controls setting up for nice move up, DEMA 11/22 crossed and rising. DEMA 22 sitting at support of $1.25 and DEMA 11 sitting at $1.35 or high for previous week with trading staying between $1.27 to $1.35. A/D is above its 22EMA sitting flat looking for it to start rising in the coming weeks. Photon Q3 showed cash and cash Equivalents of $34 Mil, used $.9 Mil to repurchase shares( always a good sign to see shares being bought back), posted $8.7 Mil in Revenue increase of 23% compared to Q2 , $1.5 Mil in Net Income with expectations of further increase to Rev in Q4. Looking back at insider buying we can see that they have been adding since Mid 2017 with little to no sale of shares. With the continued advancement/ increasing orders and New markets being opened (Look at Dec 16, 2019 news release) Photon has alot of bullish indicators signaling movement to new highs into the Q4 financials. Current Target $1.74 Expected entry Point $1.28 - $1.30 Current Support $1.25 Current Resistance $1.40 Possible Low Zone $1.16 - 1.25
PLong
by N2DTrading
Aurora Clean Tech RisingAurora Solar Technologies a low float big potential company. Fully diluted share count of just over $96 mil along with Sales presence in Asia, 50% gross Margin, and a current addressable market of $435 mil + in the growing clean energy sector. They provide a suite of In- line Solar cell visualization and diagnostic equipment to aid in the manufacturing of solar Cells, Allowing companies to cut cost due to Labor and poor cell quality. They have been obtaining repeat orders / larger orders of this suite of Equipment as well as just received a order from the world's largest Solar Cell Manufacture which speaks volumes to where this company is heading. Currently in a bullish up trend trading just above its .115 support and with both dema 11/22 cross and moving higher along with A/D above its ema I see lots of short term influence to keep this stock rising. Financials at End of Feb and news of any more new volume orders should break through .15 and reaching .19 in Feb. I currently hold a mid term goal of .26 but with growing orders new improvements to the system along with order from World Largest manufacture and the Savings to the Manufactures they provide I see Aurora heading towards $1 going into 2021
TSXV:ACULong
by N2DTrading