Evergrand potential tremendous upside should they get bailed outThe Blue line is the actual chart 1week above and 1hr below. The green line is smaller cyclical chart taken from Feb 2015 to July of 2015 1hr chart below and extrapolated over the Larger current chart above. There are key markers in the chart that are clearly identifiable as a repeating and controlled stock. This stock should bounce after this bankruptcy deal as it will get bailed out or bought by someone else. Could easily see massive gains should this rebound like the past.
Bottomfinder
Don't go chasing waterfallsWait till BTC reached the (confirmed) bottom before going in. Everything can happen but I just want to share two possible scenarios. What do you think of this idea? I think Scenario 2 is very unlikely to happen but the chance Scenario 1 will play out is bigger than many people think.
Happy Careful trading everyone.
Has BEPRO hit a floor??BEPRO has been trading at really low volumes for days and has bled out ALOT over a long period of time but seems to have some support. And lots of weak hands have been shaken out. Not saying it can’t go down more. But if bitcoin behaves or increases I bet we’d see some nice gainz from here. I have been dollar cost averaging in and if this falls I will probably just continue with that. All just depends on what bitcoin decides to do
ASX:BET- could it be so simple?One of my favorite ASX stocks, which had an extremely bullish run at the start of this year (2021).
Once an offer was made public buy ASX:TAH(Tabcorp) on 28/05/2021, stock prices plummeted.
It appears that we have found a bottom of that massive price decent, and are starting to look bullish again (higher highs and lower lows).
Could this run be as strong as the last? I hope so!
DYOR
BTC | The price could rise after in a few hoursThe break through down trendline is a position where Composite-Man entry the market, and we can see this correction flushed the followers but price hold beyond that point.
This short time Horizontal Price Movement will end in a few hours, and the main impulse will continue.
💡How To Use Market Leaders to Spot a Potential Bottom❗️Lets take a break from stuffing our bags with money and look quick at an example of spotting the market bottom using what's called a market leader, a very simple technique that can be very effective for both shorter and longer term trades.
In general the market right now is very alt focused, we can tell that by looking at how low bitcoin dominance is, and how the alt cap is climbing both with btc and with the general market cap.
When we're dealing with an alt focused market there's generally going to be a hot ticket item, little while back it was ETH, now it's DOGE again as it's the media darling and Elon is on SNL soon to decide the fate of every leveraged DOGE trader in one monologue.
We call this asset the "Market Leader", because it leads the market. Complex, I know.
We can identify these assets by their movements during catalyzing BTC movements, generally corrections down are the easiest to see - which is what we have an example of here. Also fundamental analysis of the news can give us a good idea of what may or may not be a market leader.
When we see a correction down, and all of a sudden a coin starts moving contrary to the correction at a level that could very well be the bounce point on our BTC and index charts; we know it's either a Pump and Dump if it's a shitcoin or that coin is probably the market leader for either the short term or potentially longer term.
In this case we see our lord DOGE, which now has a stupidly high market cap because people are inherently greedy apes, basically hit it's higher low and start rebounding almost exactly 1-hour before BTC started reacting.
The rest of the market of course followed and now we see there's a massive bounce and everyone's getting paid copious amount of money today. Fantastic.
OBVIOUSLY this is extremely potent information to have, as knowing when the market has reached it's general bottom means we can either close shorts, open longs, or both if you're one of the energetic variety.
So keep an eye out for this behavior on the markets in general - it's not always there but when it is, like ETH last week, it can lead you straight to the bank$$$
Alteryx : enough of pain?#AYX has douched down just below 80 in what supposedly is the final leg of the WXY correction from June 2020 high.
If that's true stock may start finding grounds before its resurrection.
US Equity Market could bottom out soonTLT
From a post view to analyze the market these days, "everybody" knows from the media that the reason is "fear of hyperinflation"
But how much inflation is high enough and when does this correction ends?
jump into my conclusion : the correction is ending soon.
Why?
there are 5 reasons to look for :
1 correction was triggered by diving T-note, looking at TLT, since the broke out from a 2B at early Feb, it accelerated, but approaching pre-pandenmic level.
2 raw material price on the massive run since last year, Copper and Crude oil had their times, but is approaching previous resistance
3 looking at nasdaq, 2Hr and 4Hr had made new lows but with MACD divergence
4 catalyst could be the freezing weather that send crude to the sky and the priced in stim bill, with dead line approaching, there still a big uncertainty in this, so could triggers some risk aversion
5 Nasdaq is approaching 12/18 quad witching support
Have we seen the bottom?There was a substantial upward trend between 1942 and 1981 in the 10 years Us treasury notes. After that, a declining has been ongoing for 39 years. This cycle is getting to its end, and I can imagine that we had already seen the bottom of it in 2020, I think this despite the fact that the falling trend has not yet broken.
Ok I know, now I am visioning a change of regime or a change of paradigm, but today's circumstance could create such a change.
So I don't know if there will be moderate inflation or hyperinflation or something like that, but the 10year Us treasury notes should break out of this falling channel and after that, even the rising could accelerate.
What should traders do if they would like to protect themself from inflation? For me short the bond market!
Now I start to see the market very closely and searching for a good us bond market short ETF and getting involved in this market step by step.
I don't know whether I am right, maybe just 2 or 3 years will come to this change(especially because the FED announced that they won't change this rate policy until 2023). But be aware that because if the time will come and you are not prepared then your money will be burned.
I have just thought that I will share my vision of the next extremely adventurous years, and I am very curious about your vision and your solution
Thank you for your attention!
$541.39 was expensive! A temporary bottom at $499.54!$541.39 was expensive! A temporary bottom at $499.54 on January 6, 2021.
Trade Idea: Short-Term Price Target of $528. A possible retest of $508.05. A retest means that the stock must hold that level or we are looking at the next price at $468.29.
This is a follow up writing in regards to my article on January 2, 2020, "A new high above $541.39 is possible for Netflix Inc NFLX." The link to that article is: $499.54 is close enough to my initial prediction. "For long traders waiting for an opportunity to enter this stock, it is expensive to enter at the current market price of $541.39. Instead, a better entry price is around $468.29 if NFLX Netflix truly bottoms around that price."
Thank you for reading!
Greenfield
Remember to click "Like" and "Follow!"
Disclosure: Charts and articles interpreted by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully and do your own research before making an investment and investment is at your own risk.
HMMJ.CA Still looking petty bearish. Now that the vote on legalization has been postponed till after the election, it's hard to find many catalysts to help get the sector out of the doldrums. Much of the bad news has been priced in, but perhaps not enough. It seems bankruptcies are being factored in based on its price action. Let's see...
Are we finally finding a bottom?I had published a previous chart on HMMJ, which for now has failed, overshooting to the downside. I have to believe so much bad news has been priced into the sector. There are a couple of positive catalysts that may provide the lift needed to gain favor with investors.