Buyingopportunity
BTC Dominance Daily Reversal? Here's Why.BTC dominance starting to trend higher after a very long period of time, Notice how BTC is sitting at around 40k, BTC dominance is rising, and Alts are bleeding hard. Money is quickly leaving the market.
Based off my previous triple bottom idea I posted previously.
We could easily see alts drop another 20-30%. Just be wary. Great buying opportunity for the long term investors.
Not financial advice. Just my opinion. Do your OWN research.
More updates soon.
ETH possible breakdown to 3kI'm not saying is going to happen, calm down, but it's truly a possible scenario.
I'm VERY bullish on Ethereum and still believe is going to reach 10k by the end of this bull run, maybe next year.
Now with everything correcting BTC will likely hit 53k and ETH will follow the downtrend.
I will use this chance to start buying more on 4k, then 3.8k, 3.3k 3k and (I don't think is going to happen) 2.8k.
Great opportunities coming, Black Friday sales?
HODL
NFA
Will it fail, or hold?So we are getting pretty close to the zone, now almost -20% drop from the previous high, with this strength to the downside, I will wait for some kind of formation, before i will buy the dips.
5 days down now, last time we got over 6 days down and -26%, and that did start 15 jul 2021, and ended the 20 jul 2021, with a nice bottom.
Let's wait and see where it will go.
NZD/JPY long positionOur fundamental outlook on this pair is bullish. The RBNZ if the first bank to hike rates and NZD is a pro-cyclical currency so a positive global economic outlook is supportive for the currency. the BOJ is not planning on raising rates and the rising oil prices is pressuring japan since its one of the huge importers of oil.
TQQQ Buying OpportunityPrice has pulled back from ATH of 153 to a major support of 127 and rallied back to 135 intraday.
I should not enter a long position until I have bullish confirmation that the uptrend is continuing.
Feds speak this Wednesday & Friday, if inflation is increasing at a faster rate than expected feds may begin to boost interest rates sooner then expected, if this happens it will have a negative effect on the market and possibly flush even lower.
What I See: Daily Chart
- Price Gapped Down & Pulled Back To 100 Day EMA (Yellow) Which Is Also Key Support Of 127 on Daily Chart & Wicked Off of It While Price Closed Directly on The Key Level Of 133.35 With Bears Still in Control
- We Have Seen A lot of Bear Momentum the Past 2 Days leaving us 2 possibilities Here...
1. Price Opens Above 133.35 Support & Rallies To 50 Day EMA (Blue) Acting as Resistance at The Same Key Resistance Of 137.50 Before Continuing Lower or Breaks Above the Key Resistance Of 137.50 & Continues Its Run
2. We Open Below the Support Of 133.35 & Continue Lower to Retest Support of 127 with a strong hold or possible break lower.
- Keep in mind gaps normal get filled especially in indexes & ETFs
- Fed Meeting on Wednesday & Friday meaning If Talks about raising interest rates sooner then expected is mentioned due to inflation that could have a negative short term impact on equity prices on the other hand if talks about holding interest rates stable due to inflation being controlled that could have a positive impact on equity prices.
DOGEUSDT SPOT BUYINGDOGEUSDT trading inside a triangle, also making a cup and handle. Why am I so interested in buying DOGEUSDT now? It's because the technicals are aligning with the fundamentals perfectly. YES! its because the 26th of August is International Dog day. Well I am a trader and I have to depend on both these factors, mostly the technicals. The structure looks good.
So Yeah I am interested in accumulating doge at the moment. I will trade it on spot and will take multiple entries.
ATAI - long psychedelics If youre interessted or believe in psychedelics as medicine, its maybe a good buying oppurtunity for a longshot in ATAI. You could play it with a stop or not - personally I dont have a stop but checking it manually - if the level hold it can be a great longterm oppurtunity - personally I have a small position from a bit lower (about 1% of my portfolio)
USD CAD - awaiting the "0" Fibonacci retraceHi there,
Currently awaiting the Daily Fibonacci structural point to add a further buy position.
The sell off from the -0.618 structure is part of the profit taking and completed pattern of the Fibonacci sequence.
The reason for awaiting "0" is price can react strongly upon this zone, so therefore patience for changing hands is necessary.
Refer to the correlation of the US OIL chart and compare USDCAD for inverse correlation.
I cannot currently add charts due to not having a high enough reputation.
Many thanks,
XYHLX
When to buy waves ?due to the bearish market's movement, BTC has taught 200 EMA for the second time in 26 hours, the way that the current market's trend continue, the manipulation would drag waves down to the orange $23.33, a close below that, would lead to $20.93 area.
Cautiously Optimistic for BABABABA currently has strong support at ~180 level. This beaten-up stock has a lot of China uncertainty built into the current price, and it is an extreme discount from fair value evaluations. More turbulence in China could cause more turmoil in the future, but BABA is still a compelling long-term opportunity in the 180-190 range.
ETH USDT: Buy Trade setup @ 3150Hello everyone, hope you are doing well.
Welcome to another trade setup as a part of "Aglogains - Daily Trade Series".
On the 1H timeframe we also see a three wick rejection, the price tried to break bellow 3090 3 times and failed to sustain the move.
My entry is on the 1H timeframe, after I observed a double bottom with a bullish confirmation.
Entry - 3150
Stop-loss - 3090 (60 points)
Take profit - 3230 (80 points)
1:1.33 RISK TO REWARD
Will keep you posted on the progress. Happy trading.
JBL approaching resistance that dates back more than a decade!JBL, an electronic components company, is approaching resistance that dates back to more than a decade!
This is huge! When multi year resistances break you can be sure that the stock is going to shoot to the moon.
Looking at the price action on the weekly or even daily, it seems like this may approach or even break above $59.88 in the coming week.
Trade idea:
* Look for a weekly break and close above $59.88. Getting in before that may be a bit more risky since this may act as a strong selling point.
NZDUSD good long position nzdusd facing a rejection at strong support level and showing sign of bullish rejection
on higher time frame market is in consolidation
look for bullish confirmation on lower time frames and enter long with your own money management
always remember that discipline with patience is the key to success in financial world