Bitcoin - CRASH or New ATH?CRASH or ATH?
Currently Bitcoin is facing major resistance while getting squeezed into a triangle pattern inside the rising channel.
TWO Options -
#1 We break this resistance negating the double top finding us to new highs and a blue sky breakout.
#2 We will be pushed down back to previous support levels.
For long-term investors hold your positions and if it dips you can add more at appropriate key areas, but be cautious adding more at these levels. Wait for confirmation.
Day Traders big opportunity! Have your positions set and ready at appropriate levels near the support and resistance break up/down zone.
Bigmove
MULTI TIME FRAME ANALYSIS | EURGBP | STRONG MOVEMENTTHIS VIDEO ONLY AS A TECHNICAL ANALYSIS ONLY,
The Monthly, Weekly & daily time frame,
to get the strong Support&Resistance Lines and the Trend of the Pair,
I'll post a 4H frame picture for the Entry Level,
Enjoy it,
and see you in the next post for the Entry.
Disney - Straddles going into Earnings? Hey Traders! Disney is reporting earnings today after market close. There really isn't much technical analysis can do to determine what outcome the report will have on the stock price. But I will say this... Disney's stock showed decent price appreciation in the last two and a half weeks going from lows of $117.23 per share to highs of $147.68 per share. Although Disney is off it's highs, the current trading price of Disney's stock is $135, which is still above its 8 day exponential moving average. Whether Disney meets, beats, or misses analysts estimates for this quarter's EPS and Revenue, the option prices are a big move for Disney. A look at the "At The Money" straddles (at the 135 Strike, expiring tomorrow) show they are trading for nearly $600 .
Which means Disney would need to move up or down by $6.00 per share just to break even. Right? But wait...
Keep in mind that option prices are also made up of premium.. which consists of time value and implied volatility. Implied Volatility is considered a measurement of the perceived risk for an individual option contract. That risk is then priced into that option as a premium. Usually, implied volatility is at its highest before anticipated earnings reports or company news announcements. The day after the news is made public, implied volatility usually drops, which can drastically lower options prices.
In reality, you would need more than a $6.00 per share move in Disney stock considering. I say this because there is nothing more frustrating than seeing you were right on the expected move, but lost money on the option because you forgot to consider the effects of implied volatility.
Now, grab your favorite drink, sit back and watch Disney's stock after the bell as they are expected to report 5 minutes after market close.
REMEMBER: Reference to specific securities should not be construed as a recommendation to buy, sell or hold that security. Specific securities are mentioned for educational and informational purposes only. YouCanTrade is an online media publication service which provides investment educational content, ideas and demonstrations, and does not provide investment or trading advice, research or recommendations.
Nasdaq Outlook For Today/Coming WeekMy Nasdaq outlook for today, if you have questions please ask them and if you take this trade let me know the results!
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Nasdaq has been bouncing in a channel for the past weeks and it was/is consolidating.
To me we have 3 possible scenario's:
1. Nasdaq will have a slight pullback to the lower border of the channel before going up to ~12000.
2. Nasdaq will go up to ~12000 if it break out of consolidation (today).
3. Nasdaq will break out of the lower border of the channel and will have a push downwards to ~10750.
Look for clear confirmation and watch out for possible fake outs.
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Let me know your thoughts and please give a thumbs up if you like this idea and follow me for more ideas related to Gold and indices.
As always use good risk management. This isn't a sprint , it's a marathon.
LET'S SHORT GBPUSDThis is a NAKED & SWING analysis based on patterns ! ! !
Here we have a beautiful ABC correction pattern.
Now we are waiting for the continuation of the major trend.
ENTRY : 1.3000
STOP LOSS: 1.3040 (40 pips)
TP1: 1.2960 ( 1:1 40 pips)
TP2: 1.2920 ( 1:2 80 pips)
And then extend the take profit targets and let it move until the last target.
LAST TARGET : 1.2700 (300 pips)
HAVE FUN & HAPPY PROFITS ! ! !
BIG MOVE ON BITCOIN COMING SOON!! (AND HOW TO PLAY IT)With this weekend of extremely low volatility and ranging between 10800 and 10600 a break of these ranges is expected within the next few hours, most likely when CMEs open up for the week.
A break above the range highs of 10800 will mean we will most likely head to 11100 region and a break below the range lows of 10600 will mean a move down to 10100
Extended from a more probable cup with handle. Room to run?$5.94 is the top of the current consolidation(not much of one). Its a real gamble, but I'll take the bet. Lines up reasonably with CANSLIM criteria; though it could be better.
600+ Pips Done! Similar Move Again??Hi There,
If you have followed my previous posted idea when correction was forming you had a idea about this move. It was quite a powerful move towards upside. Now similar structure is underformation. But it we will not jump into this one until it fully forms and break the trendline. BUT WE WILL KEEP AN EYE BECAUSE IT CAN GIVE US GOOD PIPS>
Stay safe.
EURNZD LONG$$$$ BIG MOVEGreetings everybody!
I am pleased to show you this nice set up, which I'm currenlty up about 85 pips secured and is still running.
Currently as you may see, there is a nice trend line being respected, which I am aiming possibily for next week to be fully respected as a new support.
This nice Crab Pattern is showing very nice structure combined with Elliot Waves wich in my opinion, there is no better duo than these two.
Next week I am projecting very big moves in all forex pairs as some of them have to continue with their impulse.
Happy trading everybody!
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Saludos a todos!
Me complace mostrarles este analisis de EURNZD para compras en donde actualmente llevo mas de 85 pips asegurados, y sigue corriendo la operacion.
Como pueden observar, hay una linea de tendencia (del patron armonico) que todavia esta siendo respetada. Estoy apuntando para la proxima semana que este sea roto y que esta zona se convierta en un muy buen nivel de soporte para continuar con su impulso hacia la alza.
Les deseo a todos un feliz fin de semana!
Felices profitss!!
$$$$$$
Head and Shoulders for FSLY????WOW!!! This could be developing a MASSIVE head and shoulders that if played out would drop the stock to ~$35. Anyone long this should take notice of the ~$75 support line. Luckily FSLY still has a major gap to fill back up to ~$105. I anticipate this to play out over the next week if the market stays strong. AAPL and TESLA having their split should cause another ridiculous melt up of the market carrying everything to the moon. Any longs should hope for consolidation around the $95 to $105 level to break this potential head and shoulders.
AUDJPY : LONGIt seems AUDJPY is very strong and i think we are going to break the highs to the 80.00 zone , at least a spike to that area.
I think that as long as hourly candles aren't closing under 76.00 area then we are going higher.
There is also a good pattern in smaller time frames if you will zoom in.
best of luck :-)
HANG SENG : BUY BOTTOMHi everyone.
As long as weekly / daily bars do not close under the blue line , I believe monthly swing is valid and we may see higher prices .
Anyway, even though it may be the swing low for the next months , do not trade against the trend in the smaller time frame.
Best of luck :-)
EUR/USD at important wedgeWhen we look at the monthly chart of EUR/USD we can see that the price is getting close to a monthly falling wedge that started back in 03/2008. If the price is able to get above this level we could see some major moves.
Please let me know in the comments what you think of it.
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LOOMBTC, LETS WAKE IT UPyou can see on the daily chart is on good support with MA50 who has broken hammer candles. do you see it? you can buy some loom now or wait till break the weekly resistance
REQ/BTC - LONG - POTENTIAL 108%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: REQ/BTC
T/F: 1 DAY
LENGTH: MEDIUM/LONG
ENTRY: 329
TP1: 352
TP2: 398
TP3: 474
TP4: 530
TP5: 587
TP6: 679
SL: 299
NOTES:
- Key resistance flipped
- RSI not oversold
- 3 support rejection candles
- New trendline breakup
- Breakout on trend line and resistance
- Pullback and bounce off support after initial breakout
- Uptrend
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
GBP CAD - Short FlashcardGBP CAD - Short Flashcard
- Pair in bearish trend
- Pair presented with a double top which was stopped out after entry
- Then another double top appeared with divergence @ 68 and a false bullish channel
- Entry was on the second leg close below 13 ema
- Stop 15 pips above second leg high
- TP1 @ 800 ema
- Trade close @ RSI cross into volatility bands @ 32 and Signal line @ 110 pips