Buythedip
US 100 Overnight Liquidity LevelsLooking for the continuation higher today.
Commodity prices are falling so their inflationary effect will be reducing - Fed is keeping rates unchanged for a long period of time. - US employment is way off from being 'full employment'.
On the NDX chart, the gap up was filled after the retail traders chased price higher on the open. The second dip into the close looks like it got bought up , so ideally I would like to see a drawdown to yesterdays POC at 13111 on NQ and a target up to 13309 or maybe 13513 on the futures or 13319 to 13523 on the US100 chart.
QQQ holding last trend lineOBV divergence signaled a potential correction, as price were making higher highs, OBV was making a lower high.
On the plus side, we are making higher lows since march lows.
There is a resistance trend line that is still holding, and is now coincident with the 61.8% Fibonacci retracement line.
A buy with a stop below the trend line has worked great the last 3 consecutive times it tested.
If we do keep selling off, I expect the next place we could pause at the $298 level, just below the 200sma.
Crypto Market crash over? BUY THE DIP!Yesterday evening, just as the crypto market day was coming to an end with some bullish momentum, an unexpected tweet from Elon Musk, CEO of Tesla and SpaceX, caused the crypto market to crash the hardest and fastest in the shortest time. This caught most investors off guard and many crypto traders have had a really bad day today.
But what if I told you that I am actually closing today on a BULLISH note. My crypto portfolio has gained about 10% today. Now as hard as you think that might be or as lucky as you think I am, I am here to tell you that it really takes nothing much. I will explain it briefly but effectively below.
The most important steps to gaining on any day and especially CRASHES are quiet simple, some of the most important steps are:
- Diversifying your portfolio into many different crypto coins, but only coins that are known to be somewhat stable OR move in a correlation with Bitcoin. The variety of the coins you choose are up to you, but I have previously posted a few Alt coins that I trade. More to come soon!
- If you are trading with or without specific budget, always make sure to keep enough extra cash to buy the dip. Buying the lows can actually help recover losses quicker and allows you to aim for higher profits overtime.
- I personally believe that the following RULE is the Golden Rule and should never be broken. Most beginners do not have enough experience and do not know how to properly deal with profits. The most important thing a trader can do before investing is set a specific target they want to reach before starting. Speaking from experience, not having a specific target can ultimately make you hungrier for more, leaving you paralyzed and unable to hit the sell button, hungry for more. This can be disastrous as when the market quickly rises, a quick drop is inevitable, stay aware of your goals and follow them.
- Do Not let FOMO eat you up,
FOMO: Fear of missing out
The very best traders always miss out on opportunities. It is very important to understand that you will not be able to grab 1% of all opportunities in the market. The most important thing to focus on is to make the most of the opportunities in life.
I hope you found this helpful, a like would really be appreciated. I will not suggest following me because you should be intelligent enough to know that following me is the right choice.
I post daily content on crypto and stocks !
BTC is making a double bottomHey everyone, welcome to a new market update.
Please trade safely.. BTC is leading and can make unexpected moves at the moment.
If BTC starts to get bullish, I will start to make updates about the altcoins.
Sooo.. BTC is holding support around 48K.
And we see something bullish. BTC is making an double bottom!
A double bottom is a bullish reversal pattern, which is formed in a downtrend.
As the the name suggests, the pattern consists of two bottoms, one after the other.
As you can see BTC has made a double bottom on the 1H.
If we reclaim 51500, we will be short term bullish. I expect that we will continue to 55K and then bounce back.
I hope everyone has bought the dip!
This is a healthy correction...
Be fearful when others are greedy and be greedy when others are fearful...
If you make the right moves in times like these, you will be rewarded!
Follow me to stay updated so you can make the right moves in these times.
XRP/USDT - Possible Long Position?XRP is in a really interesting spot right now. We have seen a small dip in crypto over the last few days. Is this a potential re-entry position on XRP?
Price currently resides in and around an ascending trendline after previous rejection of a key level in price. Could we see another bullish rally up to 1.90$ in the coming days?
Bullish on DKNG(This is not financial advice)
Hey everyone play on DKNG again here. Bullish on this stock for a few main reasons. I think this stock is very oversold along with many other stocks that have dipped during earnings.
My main reasons for liking this play on this stock are as follows:
- Dipped even after good earnings and great growth in sports betting
- Oversold on RSI
- Great Social Sentiment on the Stock
- Good amount of volume moving in
- 1.2 Risk vs Reward
Not much TA really backing the trade laid out some good supports and resistance for taking profits. Let me know what you guys think with a like or comment. Be sure to follow as well.
Thank you!
- Vlaire
BYND Super Bullish BTFD I dont care where you sit on the climate change debate as
one thing remains true and that is they want the world eating less meat
and eating this synthetic stuff which will soon enough be in every fridge
in the local supermarket .
Farmers are under constant pressure to reduce Co2 levels etc and cows in this
climate crazy world are harmful...In addition to that the major investor in this
company is buying up farmland like its going out of fashion
Ummm strange huh
Point is we all know where it is going and right now BYND has completed its
retrace and is without question screaming to be bought up so if you want this for the
Long Long term so you can tell the grandkids how you made your millions 30 years from now
then this is the opportunity for you .
Alternatively if you want short- medium term swing trade
to sell at first resistance test around 135/140 then this stock is a win win .
With expansion into the European market place into thousands of retailers during this spring and the
WEF claiming by 2030 that eating actual meat as we know it will become a rarity
its well worth scaling into this one .
Know your Invalidation and always use a stop loss
Like and follow me for analysis and signals
BATUSD - Screener says "Strong Buy" - I say H&S crash inbound!Just dipping my toes back into the charting waters, this time I'm in for the long haul and setting up to stream!
Was just perusing the crypto screener here on TV and saw BATUSD @ the top of the strong buy ranking. Figured I'd check the chart and see if I wanted to dip back in... think I'll be putting in some limit orders and waiting for some sheeple to cash out for the tax man and pick it up on the cheap.
FILECOIN : BUY THE DIPSGreeting from IRAN to whole trading community
FILECOIN has managed to make a new ATH in early April
After that it started a retracement move through a descending channel
We saw a fake channel breakout but price came back to the channel immediately
After some days of straggling , price could breakout its descending channel and started a new uptrend (Dotted Red Line)
First TP would be 200$ and if price could breakout this level , FILECOIN will attack to its ATH to make a new one
So let see what happen next
OP : 160$
TP1 : 199$
SL : 139$
KEEP IT SIMPLE :)
buy this weakness FStopped at the 100-day moving average literally to the penny which should hold as strong support. The mustang mach E is going to do very well and require very little ad or marketing spend. And when they release the electric F150 it will go gangbusters. They had blow out first quarter earnings but are just trading down because of confusing guidance and bad price action in the markets lately when it comes to earnings beats.
BULLISH SETUP! - HEX/USD - Daily chart, Buy the dip opportunity!Hex has recently broken through a major resistance band around the 1.5 penny region. Now coming back to re test as support there is a high probability of creating a swing low and gearing up for its next significant move. Currently forming a bull flag and next rough target of 5-10 cents is on the cards. Quant analysis on this token suggests there is a reasonable probability of reaching between 40cents and $1 by years end based on its suffocated inflation rate, increasing amount of stakers who are locking there Hex up for an average of 5-6 years and stock to flow predictions.
ETHUSD - Media pumping ATH, BTFD! About to dip while ALTs pump.ETH has been on fire! Seeing that it hit some large headlines and the RSI is curling over, looking for a quick dip to punish the n00bz before heading for ~$3300 next month. Some notes about interesting areas, BTFD target & profit target.. I got in much lower. :)
APXT - Enough Test AlreadyNarrowing formation coming to an end. As SPAC, before merger i don`t think it can go down below 10$ as SPAC how SPAC works. and I don`t assume it will go down. We have tested the thick blue line enough times and bearish move has its toll. Good preliminary earnings have been announced and 2021 guidance has been increased.
I know SEC does an extremely slow job right now on the approval but APXT had enough of this. may be one more move down but either now or in the next test, we will break through the blue line.
On RSI I already see that the bearish move came to an end, as part of a signal. For me time to load the boat on anything under 10.90
Bitcoin - $48k then Bounce! Buy that Dip!Price has broken out of our descending channel today after crypto bulls entered back into the market after a dip to end last week as people sold their crypto assets because of Biden's fundamental announcement surrounding the Capital Gains Tax.
Will we see another push to the upside across the board on crypto this week after BTC dipped to as low as $48k?
Keep an eye on these three key levels marked on the chart!
Any crypto questions, fire me a direct message!
Have a great trading week!