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Buythedip

Bitcoin: Buying the dip sub $16,000Predictions (TLDR the analysis): The 400d EMA will eventually fail as support The 20 Month SMA will be tested and fail as support The Monthly Keltner Channel will act as support (with wicking very probable) at about 15k 3-5 year target is 160k with chance of over-performance Main Chart Bitcoin continues to chop sideways and cause a lot of people a lot of pain through all the uncertainty and difficulty in finding a good trade entry. Big picture I still think BTC is entering a bear market. We may bounce up or down and we could have a head and shoulders here or we could have a double top over there but ultimately the easiest trade understand but perhaps the hardest to do is to buy the bottom of the monthly Keltner channel. The chart covers almost a decade of price action BTC and the pattern so far is very clear, price action runs up parabolically out of the Keltner channel and when it slips the 400 day EMA as support price action proceeds until it the Keltner Channel can act as support. There has been a lot of hope that this will resemble 2013 and there will be a quick consolidation and then a quick pump to the upside and that would mean that the price action should continue to find support here on the 400D EMA. I don't see that happening based on the volatility stop. I will link an idea that predicted the bear market based on the weekly VSTOP and SMA analysis but below we will be addressing the monthly. Volatility Stop Analysis There is a very low probability of the 400 maintaining support as the monthly VSTOP and MTF VSTOPx3 are primed bearish. The chart below shows we have broken flipped the monthly VSTOP last period and we are about to flip the MTFx3 after confirming a close below $46.6. The natural conclusion based on history is that the 20 month SMA will fail as support and we test the bottom of the monthly Keltner. Just a reminder that the VSTOP and Keltner are based on the Average true range, a very useful base calculation that I recommend traders at least experiment with. Below is the BLX chart with the 15 day KC and we first focus on 2011. The data here was to young to have a monthly chart and so that is why we are using a lower timeframe. Once again the KC is found as support on the Keltner channel on the highest timeframe that makes sense, the half month chart. We are also working on closing our third candle body within this 15 day KC and this price action resembles the tops at 2011, 2014, 2018 and 2019. It does not look similar to the top of 2013. Elliot Wave Analysis One of the main sticking points for some people is they people don't think that BTC can trade within its previous all time high. That opinion should be to be disregarded because it is is not based on any technical fundamentals whatsoever. The most clear reason why not is in a Elliot wave theory a 12345 wave by default the corrective ABC wave goes within wave 4. Below is a Elliot wave count off of the BLX data that looks heck'n valid. The targets, probably a bout 3-5 years off, is pretty wild as well and will be shown in the fibs section below. Just think 100x is back on the table in 3-5 years. Here is a key point, a ABC correction completes wave 1-2 and sets up wave 3, which by definition cannot be the shortest wave and often is the longest (commodities sometimes wave 5 is the longest). Here are a series of if then comments. If I am correct then BTC is competing a wave 5 and will see an ABC correction. Very likely to the bottom of the Keltner channel. IF that happens then are set up for wave 3. Fibs The most natural fibs we could look for are the 1.618 or 2.618 retracement levels from the top to the bottom of the correction which would put a major stall at either one of those levels, and a potential impulse move between those levels. These are the levels I think most wider time frame traders will be looking at for their long shot. The exact placement of the fibs will require some patience for this move to play out so we know where the exact low will be to do the target setting. This is where I approximate the 160k stall. Here is another example of why the 1.618 is a very important fib retracement: the last cycle ATH to the low. There are people who are saying that this top was unexpected or perhaps premature. That could not be further from the case. This was a classic 1.618 extension from high to low. Given the power of this chart you should remember it and consider it may remain very predictive in the future. This last chart is mostly for funsies. It is a fib extension off of the original 1-2 wave and because the way fib levels and waves interrelate somehow it hella call the high here at the 1.272 level. Very curious. We also see the 1 level acted as strong support twice in the 2017-18 bear market. Since this is a longer shot I don't know how to interpret this yet and it is something for me to ponder. We don't know which of these levels may be stiff resistance and which will be support on retracements but his is something to bear in mind. Perhaps the golden pocket will be the next major top in 10 years. Final Thoughts If you find someone considering a bear market of less than 70% you have to realize they have no historical basis for that call. The calls of "this time will be different" so far still apply as an error in thinking until we have a bear market that is less than 70%. My long term call, while technically based, still is on the shallow end of btc bear markets. You can consider a bear market by your own criteria but for me now we are out of the early stages of btc lifespan it will be below the VSTOP and MTF VSTOP on the weekly for transition and below the 20w confirms. It will take a lot to surpass that triple resistance. If you see the Monthly VSTOP and MTF and 20 month SMA confirmed bearish then you best consider that we are bearish and consider a dip buying strategy
BITSTAMP:BTCUSDShort
by This_Guhy
7
EUR/USD Long with a Target of up to 95 pipsThis is our bullish EURUSD overview for the few days to come, taking into consideration the pair breaking through the resitence level , which once done at 1.19573, you can be looking at 3 take profit levels: 1st TP level at 1.1982 2nd TP Level at 1.2005 3rd TP Level at 1.2030 This is an exciting inevstment opportunity which hasa huge upside potential, and based on your risk preference, can result in substantial profits. Invest wisely and feel free to reach us out with your feedback and recommenations regarding our analysis.
Long
by Atlas-Horizon
Cathie Wood vs. HindenburgIn the Blue Corner: Cathie Wood Who is Cathie Wood? Cathie Wood is the founder and CEO of Ark Invest. One of the most popular investment management firms that focus on growth sectors and long-term, high-reward investments. Wood is the former Chief Investment Officer at AllianceBernstein, but left the company in 2014 to start Ark Invest after her popular disruptive innovation funds were deemed to be too risky. Why has she become so famous? In 2021, Forbes named her in the “50 over 50” list of influential figures over the age of 50. She was named the Best Stock Picker of the Year by Bloomberg News in 2020. Wood has gained a massive following in social media communities such as FinTwit and Reddit. Her focus on popular growth names is held by many as the industry standard of how growth sectors are performing. Wood has made several forward-looking forecasts that have gained both the ire and praise of Wall Street. In 2018, she famously predicted Tesla TSLA would hit $4,000.00 per share. She was ridiculed at the time, but in January of 2021, Tesla shares hit that mark on a split-adjusted basis. Wood has also predicted that the digital currency Bitcoin BTC will one day hit a price of $500,000.00. She definitely puts her money where her mouth is by adding both Grayscale Bitcoin Trust GBTC and Coinbase COIN shares to her various ETFs. In the Red Corner: Hindenburg Research Who is Hindenburg Research? Hindenburg Research is a well-known investment research firm that focuses on short-selling stocks by releasing reports alleging things like fraud or providing information that misleads investors. Hindenburg was founded by Nathan Anderson. An activist short-seller that has made a living off of taking down publicly traded companies. Why are they so famous? Hindenburg Research has been one of the more accurate short-selling investment research firms over the past few years and have revealed fraudulent activities by several different companies. First, it exposed electric truck maker Nikola Motors NKLA in a damning report that revealed CEO Trevor Milton was behind operating Nikola as an ‘intricate fraud’ . The timing of the report couldn’t have been better: It was on September 10, 2020. Just days after Nikola announced it was entering into an agreement with auto industry heavyweight General Motors GM . Milton was ousted as CEO and never did deliver his long awaited rebuttal to Hindenburg. Shares of Nikola have plummeted from unimaginable highs of $93.99 in June of 2020, to its current price of just over $15.00 per share. Nikola is now the poster child of skepticism surrounding companies that come public via SPAC IPOs. Hindenburg took on another EV SPAC company in Lordstown Motors RIDE , releasing a scathing report on March 12 of this year. Just last week, Lordstown saw both its CEO and CFO resign. As well as the company reporting that there is significant doubt it will be able to meet previous production estimates. Hindenburg has taken on other heavyweights and is well known for taking a short position and driving stock prices lower. The Heavyweight Fight: Cathie Wood vs. Hindenburg Research Round 1: Hindenburg Throws The First Punch On June 15th, Hindenburg struck again, this time targeting popular sports gambling and fantasy sports company DraftKings DKNG . Some well-known investors in DraftKings include Walt Disney DIS , WWE owner Vince McMahon, and owner of the New England Patriots, Robert Kraft. DraftKings also has lucrative partnerships with the NFL, MLB, NHL, NASCAR, UFC, and the Dish Network. A lot of potential brands could be hurt by these allegations if proven true. n the report, Hindenburg alleges that DraftKings’ SPAC merger partner, a Bulgarian company called SBTech, is heavily involved in the black market and illicit gambling that has ties to money laundering and organized crime. SBTech was absorbed into DraftKings as a part of the SPAC merger. It now operates as an in-house part of the DraftKings brand. Therefore, allegations against SBTech are allegations against DraftKings as well. According to Hindenburg, SBTech attempted to distance itself from the black market and organized crime prior to the merger with DraftKings. It even created a new entity called BTi, that acted as a front for SBTech so it could continue to make revenues from markets where gambling was illegal. Hindenburg gives an estimate that 50% of SBTech’s revenues are made in markets where gambling is considered illegal. n fact, Hindenburg actually gives several gambling websites that have ties to known organized crime rings, that led back to SBTech and its subsidiaries. These allegations are some of the most serious that Hindenburg has reported, with legitimate legal consequences that could have a long-term effect on the DraftKings brand. Shares of DraftKings fell by 4.2% following the news. Does Hindenburg Research have a short position on DKNG? At what price? Oh you better believe Hindenburg has a short position in DKNG. So as with most short-seller reports, take them with a grain of salt. While Hindenburg does not reveal how large of a short position they own, fundamentally it is in their best interest for the DKNG stock to continue to fall. Round 2: Cathie Wood Attacks Enter Cathie Wood, who may just be the personification of buying the dip! Wood is well known to target companies she likes long-term that are beaten down. Some examples of this include her continued support of Coinbase COIN and Teladoc TDOC during their prolonged dips. So how much DraftKings did Wood buy? She added $42 million worth or 870,299 shares following Hindenburg’s report. Wood added these shares to both her Ark Next Generation Internet ETF ARKW and her Ark Innovation ETF (ARKK). The stock now represents the 19th and 17th largest holdings in each ETF respectively. It seems like the markets were supportive of Wood’s investment as shares of DraftKings closed the next day higher by 0.6%, outpacing the broader markets. There Can Be Only One! … Who will win? Judging from DraftKings’ rise the next day, it looks as though Wood and Ark Invest have taken round one from Hindenburg. The report from Hindenburg was thorough and detailed, but unfortunately for them, there is a general disdain right now for short sellers in this market. Retail investors have made it their mission to blow up short positions across the market, so we just don’t think Hindenburg’s latest report will hold up against the Queen of Growth, the Duchess of Buying that Dip, Cathie Wood. What do YOU think? Who will win this fight?
NASDAQ:DKNG
by rockwelltrading
4
Another "buy the dip" trading idea! 😁Another “buy the dip” trade, just like our idea on DE. The principle is exactly the same, but with a few more details. We have a rounded bottom, and the RSI is extremely divergent, indicating a possible rally. In the 4h chart, the RSI is at 23, and we did break the BB today, but we closed inside it in the end. Like this wasn’t enough, we are above a support at 216 area. A rally could make it hit the 231, but CAT must do the movement quickly, or it’ll lose momentum. It must not lose the 216 again, or it might keep dropping. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:CAT
by UnknownUnicorn21312077
8
Is DE oversold? Yes!It looks like DE is extremely oversold, and this might be interesting. We have a divergence on the RSI in the 30min chart. It is not the best, but it is a start. We also have a rounded bottom idea, and only DE loses its bottom the trade will fail. Small stop-loss, high reward. The RSI in the 4h chart is extremely oversold as well, and DE went outside the BB for a moment, and now it is closing inside them again. All of this is occurring near a support area at 331. It is a very risky “buy the dip” kind of trade, but DE can bounce back to the 350, and this makes a good risk-reward for me. Always remember, it is oversold, but this doesn't mean it can't drop more, so, always protect yourself, and use tight stop-losses! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:DE
by UnknownUnicorn21312077
SP500My super smart highly educated fin twit buddy is telling me 4400 is coming b4 any pull back. But IDK TBH I see the waves as complete and W4 should ensue very soon. So Im just open my LT trades and I am trading in and out quickly as we all know from EW wave 4 can be brutal. Or can be quickly bought up so this uncertain aspect of stocks leaves me kinda on the side lines as some FA shows that inflation trade is all about finished and with USA reopening we should cool off and a W4 kinda makes sense. I will say that this dip is a fantastic buying opportunity IMO. Tech sector looks ready to puke so entries in the coming months can set up sweet portfolio positions in 2022. I will be doing an hourly wave analysis in my newly created group and trying to keep all eyes on the W4 pull back. GL guys.
SP:SPXShort
by Big_Mike716
RBLX Strong Growth Potential - Roblox I am Familiar with this company as all my children play or use some game on the Roblox Network . Upon having to submit my debit card info to the kids to top up on some power they need in game or to reach a new level I can say that Roblox have captured there market very well .The Kids to Play and the Adults to Pay . With better than expected results on the last earnings and the current picture on world affairs I can see a strong argument for growth in this sector . This is a newly listed company and as drawn on the chart we are trading within a Ascending Channel and are currently testing the top of the channel. We may break out of the channel but I expect to back test support which sits at the point of control and a FIB .618 pull for additional confluence. This will be a great Buy opportunity when it presents itself , in the meantime set an alert close to this region and be prepared to pull the trigger for a stock that has Strong growth potential . Ensure you know your Invalidation and use a SL , any questions then please ask , Drop me a LIKE and FOLLOW for regular Setups.
NYSE:RBLXLong
by SJTRADESFUTURES
2