Buythedip
$XEM Buy the breakout $XEMUSDTBuy the breakout of the falling wedge on the daily and MacD crossing bullish
Bitcoin Price Analysis/Prediction March 30th 2021Just a quick update on the current price movement of bitcoin and what we may expect.
GSX possible bounce back after being destroyed for so long 🚀NYSE:GSX has been on a massive selloff from the highs of 149$ all the way to the present 31$. So far it looks like it might've found support around 28-30$ it might consolidate here for a little before running up. Or it might dip even further that might push the stock even higher and faster, we could see it drop towards the support lines of 18-22$.
Price target for NYSE:GSX for the upcoming future would be anywhere around 80-100$ before we see any other possible pullbacks.
LTC USDT Buy this Dip Revised LTC setup from my one made in the night due to a mistake i made with the Fib Pull . *fatigue
Targets are the same but entry is a little higher up as seen on chart
Buy the dip - picksMy top 10 buythedip picks:
TSLA - 697
ROKU - 367
SQ - 234
Z - 153
BIDU - 266
PYPL - 249
SNAP - 57
FLGT - 104
REGI - 85
FCEL - 17.3
These are considered based on following criteria:
Was in clear uptrend before pullback
Had deep pullbacks from ATH, yet support level is not broken.
Has bounced off a bit from bottom - support level
Still lot of room to move up before making new ATH or next resistance level.
I have also listed present pre-market price. Will update as and when we go.
Thanks to LonesomeTheBlue for nice scripts on trend lines and support, resistance levels :)
BTCUSD Prediction using Elliott WavesPredicting the movement of BTCUSD in the upcoming weeks using the Elliott Waves.
Please note that all diagrams and charts are only estimates.
Using the fundamental rules of Elliott Waves, we are able to predict that BTC will have a bull run that could potentially reach $70K, before retracing back.
The Elliott Waves have also helped predict that wave 4 which comes right after the bullish wave, will be considerably flat compared to the previous pullback. This means that the next pullback will not carry many buying opportunities with it.
News Catalysts and Panic selling have driven BTC to a key support level, which it should bounce off soon.
Thierry Hitti
Is Bitcoin crashing? Not based on our trend analysis indicatorIt is normal to panic when prices drop but it's always a good thing to analyze the entire chart and see if there is indeed a valid reason to be panicking.
Our ZTrend indicator is really good for evaluating direction and strength. It is based on moving averages and standard deviations. In the chart above we have it setup from top to bottom with the following periods (20, 50, 100 & 253) This arrangement provides a clear image for short, medium and long term analysis.
ZTrend(20) gives you good entry and exit signals for short term. Yes it does look bearish but is it really bearish or more like opportunity to entry Long position for Trend continuation? Well the answer of that question relies on what the other 3 period indicators are showing.
ZTrend(50) became bullish on October 15th 2020 and hasn't stopped once since. Price has remained above the 50 period moving average the entire time. What does that tell you? Price is trending upwards.
ZTrend(100) became bullish on June 2020. It stopped being bullish but still bull in the beginning of October and has remained bullish ever since with prices breaking out 1-2 deviations several times.
ZTrend(253) perhaps the most reliable period for long term analysis. Went bullish in August 2020 and has not looked back. Not even once it has dip below the upper level of the oscillator.
Overall we see a bullish trend on #Bitcoin with a very healthy price consolidation towards the end of each month. Keep an eye on the 50 period Moving Average, that middle line you see between the Bollinger bands. Don't panic if price breaks that support. 1-2 deviations below the average is still a healthy consolidation. If it breaks below the lower Bollinger band than thats a different story. If you want to play your entries safe, wait for price to close above the 20 MA with a stop loss at 1 deviation below it.
If you like to know more about our ZTrend Indicator there is a related link below.
ZPTAFpicked up some here b c WTI looks super wrecked and so does this stock. And also thinking the DXY gets blocked around $92.7 could be a nice bounce
Chubb has been oversold on news. Buy This Dip?I have changed up how to best display projected movement. In the case of CB, 1 of my algorithms signaled a BUY on March 22, 2021. Equities nearly always obey the signal and move up, but sometimes it may continue to move down first.
I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the 3 Hour chart after a BUY signal occurred. Therefore, this box represents 100% of previous movement downward before the stock finally moved upward. The smaller red box represents 50% of all historical movement downward, before the stock moved upward. The smaller box is more of a precise target for the potential bottom in this instance.
The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final top.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could rise the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never rise (and the green boxes may never come into play).
All statistics and the full analysis are available for free as always at the site below.
Buying Energy dipTechnical Analysis / Trade Setup
There could be a trade coming up next week in energy.
The 50sma has worked as support 2 consecutive times, and could potentially do it again.
This level is also coincidental with the 50% Fibonacci retracement level & 2020 highs; which suggests this support level has more strength.
Backtesting Data
There is a very interesting discrepancy between stocks within the energy sector going on; where most stocks are above the 200sma, byt below their 10sma. --> From 1979 until today, there has only been 12 times where this has happened...
What did it mean going forward?
Energy was up 70% of the time looking a year later, with an average of 27%.
Fundamental Analysis
Bull case for energy:
Oil is priced above the level at which the average company can cover expenses;
Supply has declined with lower production and OPEC compliance;
Large diversified energy companies have strong balance sheets and access to capital;
The ongoing recovery of the global economy bodes well for returning oil demand
Bear case for energy:
Oil demand is still down significantly.
Valuations are opaque.
There is weak long-term stock price momentum.
~ For the full article on sector view, send a message and I will be happy to share the resources I have. ~
Buy when there is blood on the street - bitcoinI believe worst case scenario we might go somewhere between 3-5k in the next few months. This will present you with a nice buying opportunity. As the saying goes: buy when there is blood on the street. The fundamentals have not changed at all, this is just pure fear. Be contrarian!
SFIX Short PutSFIX gap down following disappointing earnings and not-so-bright forecast for the next quarter. Same thing happened with INTC twice over the last year and we saw how it was just an over-reactionary sell-off as it quickly rallied up after a continuation sell-off for a week or so. SFIX's fundamentals are solid assuming that shipping problems don't disrupt the business too much. It will most likely close the gap at around 42. It might also pull down a little bit more, but hopefully it won't go below $34. It gives us a decent range from $34-$42 to accumulate the stock. There is also heavy support around the $41.5 area with both a supply/demand zone along with the 200-day SMA.
Trade Ideas:
Shares: Accumulate between $34-$42 . SL below that if it does continue to fall further, which is unlikely but make sure the SL isn't too close to the bottom support. We should see a push up to $53.75, $65 and $72.5+.
Short Put: Medium Risk: 35 Strike for $0.85-$1 Cr. Aggressive: 40 Strike for $1.65 Cr. This can help you reduce your cost basis by at least $0.85 to $1.65 per share if you do get assigned. If you don't get assigned or the stock never dips that low, you get to keep the premium. It also only requires $385/$425 Buying Power which should yield a nice 22%/38% max ROC.
In either case, assuming you have at least 1 lot of shares, you can always sell 70%-80% OTM covered calls for more passive income while your stock appreciates.
BTC and the CME Futures GAPBe aware that every weekend the CME is closed and any futures GAPS must be filled the following monday at or before 7:30. Take advantage of these price swings as they can be excellent bumps in your trading and/or great entry points for a good long
DASH, Will the Downtrend ContinueDASH is in a solid downtrend right now. Buy the dip!! I think this stock will recover very well. Good luck.
Clover Health Continues To Track The Broader Market Very CloselySince the market started selling-off late February due to disturbance in the bond market, the movements of $CLOV has since been mirroring the direction of the overall market relatively tightly. With the closing of the market earlier today after a considerably sideway and mixed trading day, S&P 500 rose by 0.60%, NASDAQ fell by 0.04%, while Dow Jones Industrial Average rose by 1.46%. Similarly, $CLOV also had a relatively mixed trading day, showing green for the first half of the trading session, and later closing slightly red on the second half. These movements can be attributed to the general market condition as well, where during the first half of the trading session, the release of bullish CPI data edged the market higher, while a relatively average and within expectations $38 billion 10-year notes auction brought the action back down to trade relatively sideway.
I expect $CLOV to continue tracking the overall direction of the market closely, at least for tomorrow, where we await for the result of a $24 billion sale of 30-year bond that can potentially move the market significantly in either direction, should anything unexpected occur.
Regardless, it is good to note that on a technical perspective, $CLOV is approaching some key trading area that we need to take note of.
We are currently resting just below the dynamic resistance formed by the bottom of the previous bearish channel that were trading in before this bond-induced market correction. While we may have already rejected this area once (likely due to the broader market movement as mentioned above), if we are able to break back into the bearish channel, our next target would be the next Fibonacci resistance and the top of the aforementioned bearish channel at around $9.92. However, if we fail to break back into it, we could be looking at a re-test of $7.78 or even $6.67. As such, tomorrow's trading session will likely be a very important one as it will give us an indication of where we are headed short-term.
Invest safe.
This is not investment advice so please do your own due diligence!
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Re-entry after bullish run on FridayRecent pull-back in NASDAQ from all time highs has exceeded 10% driven by falling treasury bond prices.
Friday saw an end of week rally into close. This morning saw another sell-off through the Asian session presenting an attractive re-entry opportunity.
