$eRSDL - William's_R_ovrsld_long_1hr - Price seems to have cooled enough from the weekend pump to start adding more. NA markets open for the week in an hour. FA remains strong. William's %R is oversold. Potential bounce here if volume picks up. Set alerts, DCA.
Call/limit order filled: 0.01245
tp_01: 0.01562
tp_02: 0.01870
stop: 0.01091
Never margin trade. Go well
(-(-(-(-_-)-)-)-)
Bill Williams Indicators
You Cannot Ignore This Signal For Market BottomHi friends hope you are well and welcome to the new update on Bitcoin.
Bitcoin's history shows that, whenever it breaks down the weekly Ichimoku cloud then from between the cloud and the weekly 200 simple moving average, it starts the next mega bull run.
But this time there are two major supports that are not letting Bitcoin to test the weekly 200 SMA after breaking down the Ichimoku cloud. Now another indicator is signaling a major Bitcoin bottom, while it BTC at the support of wedge.
Short next longThe general trend is rising, as predicted the day before yesterday, but there will be a correction today and Friday, which may be about 1%. But I still think it's a callback. At present, the price is just blocked at 0.382, which is basically consistent with the basic model of 5 wave rise.
Long1H breakthrough effective upper fractal, Ao bottom deviation, AC breakthrough 0 axis. Combined with the 4H diagram, Ao turns positive again above the 0 axis. So this is the obvious form of three waves in 4H. Of course we knew yesterday. Now it is also fully consistent with the analysis of chaotic trading method. The target of this round of rise is around us $25.1. So is gold.
Short CAT @ 205.53 Fractal BreakoutCAT crossed downward the last daily fractal of 202 on may 10. One day after, there is still a red zone bar, bearish divergent that provides an improved opportunity to enter.
Williams theory dictates that a Blue Light special would be entered after crossing the las lowest low, this would mean tomorrow (may 12) crossing below 203. 59 (todays low).
Im shorting today however, at 205.53. First confirmation would be crossing below 203.59 and then below 202 again.
Stop loss is price closing above the Balance Line (red). Target is whenever the trend ends, which is also signaled by price closing above the Balance Line.
Short NKE @ 113.52 Fractal BreakoutNKE strolled for the last month around the Balance Line and now looks ready to move to the downside.
It crossed the 124.32 fractal and then tested the balance line after creating a new fractal at 120.48 which is now broken.
Stop loss is closing above the Balance Line. Target is whenever the trend ends (also by closing above the Balance Line).
Short NVDA @ 194.95. Fractal breakout.Entering a short position on NVDA. All recent fractals both on the daily and weekly charts were crossed on apr 21, but I wasn't looking closely.
Reason to enter late is that it has good potential on both the weekly and daily charts (momentum is close to the zero line on the weekly).
Stop loss is the price closing above the red line.
Target is whenever the trend ends, also signaled by crossing the red line.
Long HOG above 40.87HOG just broke the latest daily fractal of 39.14 to the upside. Entry 1 above this price. Adding 5 when and if price goes above the weekly fractal of 40.87.
Remember that the Alligator tells us when to enter and exit. Stop loss is the Alligator's Teeth (red line). It is also the last exit point when the trend ends. First exit may be the lowest low of the fifth consecutive green bar (zone bar).
Chart shows only last short position, which was closed and reversed to the upside.
Short BBY @ 91.96. Fractal breakout.Entered short position on BBY on apr 22 with a fractal breakout to the downside and a sleeping alligator.
Adding if price breaks the weekly fractal of 88.51.
Stop loss is the daily Balance Line (red, if price closes above the Alligator's teeth).
Target, as usual is defined by the market, whenever the trend ends.
$VTSI is a gem in a world full of overvalued stocksIt's fundamentals are amazing, no need to spill any more words on that. It's astonishing how these opportunities are still present in a market.
But on a technical perspective we're at a crossroads here. We have an opportunity to sfp on the monthly while closing february bullish and above demand. If we do so, I believe we're aiming for 10$ again at least.
Furthermore, the indicator is showing net volume is picking up again which could mean the end of our bearish wave and the start of a correction which could lead to a bullish wave.
My final valuation for $VTSI is about 20-25$ long term offering 5x potential.
Long IBM @ 136.05. Fractal breakout.IBM crossed the last daily fractal of 136.05 today. The Alligator's mouth is closed in both daily and weekly charts.
Price has been above and around the weekly teeth, which could mean the beginning of a weekly wave c.
Adding on any other signals. Stop loss is close below the daily teeth.