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Potential Long Position For The SNPThis is just a short-term long position for the SNP, if you are a swing trader then there is a possibility we may bounce in January and continue back down on February. I am basing this on the fib extension of 1.618 and the .236 Support level. Things could go alot lower as bearish momentum almost always moves faster than bullish momentum when it comes to the SNP 500. Also I am not as expierenced trading the SNP as i am in other markets so take my charts as just guides as another traders viewpoint so you can further make your own desicions
SP:SPXLong
by StevenRodas
1
MU is going for the 50'sI believe that NASDAQ:MU is going to explode. 5 p/e ratio. Strong industry. The only downside is that many people forecast that the semiconductor industry inflated and the prices are going down (bad for the companies that produce them, aka micron). NASDAQ:MU is currently back to the green bearish trend although it still has much room to go up to around 50$ or more to be exact. NASDAQ:MU recently broke this trend and got to a low of 41$ but, I am pretty sure it's back on track and we can reach 50$ within a couple of weeks. I bought 20 shares of MU at 41.4$ (#2poor) and I believe in the industry, my sell point is 50 or above (depends on the trend and news). Buy point - I bought at 41.4 but a 43-44 Buy point is good too. Sell point - 50$ or above (depends on the trend and news). Stop loss point - 38$.
NASDAQ:MULong
by Offeck
1
Old line of support now strong resistance + double reinforced.Something worth being aware of. Here on the 1 week chart we can see this diagonal yellow trendline is current resistance...if we trace it back to a year or so ago we can see it acted as a major line of support multiple times...once we crashed below it however it has now flipped to resistance and we can also see that it's current trajectory and prosition is almost identical to the 1 week 50ma (in orange) they are more or less currently converged for a double reinforced resistance...because of this btc has finally stalled (most likely temporaily) I anticipate any dip to be brief and we will likely even if the dip is more extreme than I'm expecting form a higher low on both the 1 day and 4hr charts before heading back upward and breaking through the current resistance. Something to be aware of anyways...I plan on buying the dip. You make your own decisions. Thanks for reading. *not financial advice*
BITFINEX:BTCUSD
by DrDovetail
1
GBPNZD Long, Double Bottom rejecting the 50 EMAHi guys, another day another trade. Quite alot of setups this week so far. Today I'm going to put an entry order on GBPNZD. Price pulled back and formed a double bottom, rejecting the 50 EMA aswell as the 0.618 daily fibonacci retracement level. As of the time of writing this price has'nt closed above the daily 0.5 level yet, if the day should close above it would be the icing on the cake. I will put an order shown as on the screen. My risk per trade is 1% of my account size. Happy trading
Long
by Schlabberlatz
Bitcoin - Stuck in a channel between McGinley Dynamic and 200EMAAfter repetitive attempts to rise upwards through the 200EMA, BTC is now using the (2017) 0.382 Fibonacci green zone as support which strengthening by aligning with the (Current) 0.236 Fibonacci and the McGinley Dynamic, A persistent strong price level that always shown to be quite resilient in the previous attempts. The McGinley Dynamic has proven to be useful in the current trading environment as to avoid spikes in volatility/price separation while also becoming a "layer" of support which Buy Positions are obviously placed behind (last two breaks have been rebounded sharply with volume). Knowing that, places BTC within a channel support of the McGinley Dynamic (no one wants their $$$ doing the hard work to break through support/resistance's lined with buy points) and the consistent resistance of the 200EMA (No catalyst to sustain price above this level), so we have a stalemate, at least for the time being. Aggressive trading may change that. What the above graph shows is that traders are primary using the Daily, Fibonacci and EMA for long term direction, McGinley Dynamic for Buy Positions along with MACD, RSI for trend and volume along with the Ichimoku Cloud, in which Senkou B rejects any entry, quite strongly to be precise. If your looking for entry/exit points, either side of these indicators (McGinley/200EMA) would be great place to start, but usually in times of indecision... where the Lion's in play, watching is safer then playing. Will keep updating in regards to the exit of this channel, in which could provide possible future direction, as a break in either indicator will effect a significant shift in the overall trend direction. CerealTrader BTC is seeing some tough times , so I should write this: ***Education Purposes only***
BITFINEX:BTCUSD
by CerealTrader