Raytheon - Buy The Dip - Sell the TrendRaytheon had a nice earnings beat and the price took a tumble. Hopefully we will see a return to the previous growth trend (shown with Linear Regression @ 250 four-hours).
I've seen two articles on Seeking Alpha screaming the same thing I am:
BUY THE DIP!
The 'rate of change' graph shows RTN rate of change vs. SPY rate of change. It's just a script I'm working on right now.
SeekingAlpha articles:
seekingalpha.com
seekingalpha.com
Buythedip
1:3 Risk / Reward SetupUS equities corrected the April swing to the upside during the past few days. Some followthrough of this correction would result in a better S&P Elliott wave fit. However, this is not required.
The most important equity index worldwide may carry straight on from yesterday's low to the upside. The swing from last week's high, minute wave i(circle), into yesterday's low counts as a 3-wave pullback already.
What action makes an immediate rally likely (black count)? The S&P 500 is likely to follow the black count if 2683 is crossed to the upside. That action leaves a 3-wave pattern on the chart from last weeks high.
The trade triggers if 2683 crosses again to the upside.
S/L 2658 (yesterday's low)
Target: 2750
Good luck here as well!
PS: Don't forget to like & follow us. We are fairly new here on Tradingview but our ideas amounted to more than 250% return in just 4 Months. Check them out!
Good Pullback Long Entry for QQQ (30m) between 161 and 161.5 I think that if QQQ drops to the 161-161.5 zone, this offers a good long entry.
The reasons are as follows:
1. Gap fill from the morning gap up
2. Successful pullback to support zone
3. QQQ is still uptrending, so buying the dip has an edge
4. Good risk to reward.
If QQQ drops below 160.5, we take the small loss and move on. Our target is the minor high near 163.
BTC Prediction: Dip Before the Moon, Big Support at 7490.This is a 1D chart analysis; for further detailed analysis on this prediction see the 4h analysis I just posted using the Bitmex (XBT) chart.
BTC has had a phenomenal bullish wave upward. Now there is a good chance BTC will pull back on a healthy correction to test prior price structure support and the long-term uptrend support line shown here before making another leg higher.
BTC/USD - Why Weekly Levels Are Important Hey guys... been a few day since doing a video, so I thought I would highlight why I believe being mindful of weekly levels are extremely important to your trading plan. While I think indicators can be useful, personally, i'm trying more and more to minimize their use and stick to price action along and limit the amount of time spent in the charts. As I have mentioned before, the more and more time i spend in the charts the more i start to see what i want to see and that is not a good thing.
I hope you enjoyed the video, give me a like and leave me your thoughts!
Buy the dip in the spyLast week there was again some market panic which caused a selloff in stocks. There are a lot of broken charts right now on a lot of different stocks. But fundamentally market is still looking strong. So i'm going to buy the dip. In a few months there is a high chance we are back higher. Time to deploy cash on monday.
VIBE - Invers H&S on Investor News?Hi. Seems there will be an announcement of a multi-million investor for VIBE and soem other rumors. For now it pushed the price nicely. But I see a inverse H&S formation building up here for the next wave. Could reach 5k+.
Just an observation an idea of someone who has no clue. No financial advice.
VIABTC - JUST GETTING STARTED!BITTREX:VIABTC
VIABTC will certainly be one of the coins to watch in the upcoming Spring/Summer of 2018. With a max supply of only 23M and a market cap of only $62M, this coin is still grossly undervalued (currently under $3).
These fundamentals mean this coin has some SERIOUS upside mid-term potential.
From a technical standpoint, VIA has plenty of room left north of 30 on the daily RSI, and appears to be forming a Bullish MACD cross as well.
Given it's recent runnup to test (and be rejected) from the .786 fib extension (on the daily), after breaking out of the previous falling wedge pattern, one can presume it's likely to start making another run up north very soon. Next time, the upshot will be to test (and break) the all-time high (ATH) of 0.0085990SATs.
If this scenario were to play out, this would give $VIA the respectable target price of $10USD with a ~0.01200000SATs. Given the fundamentals, these targets are not only possible, but likely, IMO.
But first, we'll need to crack above (and consolidate) above a nearer-term target of ~60SATs.
Currently, VIA is undergoing accumilation between 0.00025-0.00030SATs, with several large players who have become attracted to this coin's potential. With that in mind, I suspect we VIA will start to make moves toward the upside again in the next upming week or 2.
That said, I you are looking to for a solid coin to to invest into near/mid-term, which is currently trading under true value, VIABTC is of notable mention.
This spring may be the last time we see VIA under $3.00.
Take care.
TRX MAINNET FOMOHI guys, I wanted to analyze the TRX/BTC on binance, but on Trading View is only Bittrex (less timestory).
This is my TA on Tronix (TRX) token, I'm not in about if it's scam or worth it , just cheking the bips ^^.
On 31 May it will be the official mainnet launch, it means a migration from ETH platform to their own platform, I predict:
1. Whales will buy TRX and it will be a bullish market.
2. Then lazy buyers will buy it down the FOMO effect (whales tactics + Mainnet launch).
3. Price will be between 1000-1500 sats, a good point to sell.
BTC Setting Up For Big Bullish Move COINBASE:BTCUSD Bitcoin is setting up to do something exciting. We have a potential huge inverse head & shoulders developing on the daily chart, and now that we have overcome the large downtrend line, we should be watching for higher lows and higher highs as signs to accumulate coins. On the hourly chart, I see old resistance becoming new support around 10765, and the 50ma (green line) as well as a bullish trendline converging near the most recent resistance point soon. The hourly 50ma and/or 11150 likely need to be tested again before a strong run, but seeing VWAP has been reclaimed shows buyers are already showing up, so this could go sooner than later. I'm buying dips here. As long as 10750 holds, we are cleared for take-off. Otherwise, I'll watch the hourly 200 ma (~10500) to hold for the next signal to buy-the-dip. A rejection at the yellow previous resistance line ~11720 would produce a buyable pullback as well (perhaps to the hourly 50ma), so I'll be watching that price line closely if we reach it soon. A breakout over that line with volume could run for days given that the distance between the head and the breakout point would be nearly a 100% move.
The lower indicators are also promising, with the WIlliam %R looking bullish with a double bottom support around the -50 line on the daily, and the hourly just now pulling over that midline. Breakout could be eminent...
If I just had more BTC to spend...Those market insanity occasions are when I'd love my btc balance to be higher, so that I could buy more alts.
Everything is going down, and the best altcoins aren't spared.
I'll give you my short list, which could be way longer:
OMG
WTC
LINK
BNB
NEO
ARK
MTL
LSK
I believe they're all sure fires, which will go back up once the craze ends.
I don't exclude them going down further before Nov Fork, and that's the reason why you should average your buys in time.
BTW, everything below fib .50 is gold to me.
If OMG goes @.618 retracement, I'll definitely pour what I have left in it!!
Happy trading everyone!
Don't be unprepared when ARK will reverse!!It seems that some of the biggest altcoins (see NEO, OMG and ARK) are correcting quite strongly.
To me, those are all awesome buying opportunity, and these are the moments when I wish I had more money to invest.
ARK went on a crazy rally from mid aug to mid september, and we all know that the steeper the rise, the harder the fall. That's the reason why correction on ARK is particularly dramatic, and that's the reason why after gains like these you should sell!
BTW, I'm talking too much. The point here is that ARK has proven to be a solid coin, remaining strong also when BTC was crashing. So, get ready to jump on the boat, as once the correction will be completed, there'll be another fancy ride.
So, given I have a capital of 100 I want to put into ARK, I'd go like this:
25 @ .618 fib retracement (54k sats)
25 @ 47k sats resistance (if reached)
50 at reversal signals (price & RSI downtrend breakout, MACD crossover)
Buy the f*ckin dip!!!
BTCUSD - Ignore the FUD, Buy The Dip, HODL!As western media continues to misinterpret news out of China regarding Initial Coin Offerings and crypto-exchange regulation, the price of BTC continues to drop. This is by no means a negative, as it offers an excellent opportunity for market entry to those that missed the boat on the previous bull rally.
Currently BTCUSD has retraced to just below 50% of previous bull rally and we will probably see a retracement to 61.8% to $3000 levels. This will be the perfect entry point before the price action bounces back off a historically and psychologically strong support level of $3000.
GOLD - Looking For A Potential Push HigherGold/US Dollar is another pair that has broken a significant level of structure today completing a Head & Shoulders pattern by breaking the neck line. For me all signs point towards a move higher and there looks to be a lot of opportunity.
Like the other pairs discussed today, I like to buy on dips, so a pullback to or into the neckline/right shoulder is the area that I would be watching for, for long opportunitties.
Akil
Short-Term Dip, Long-Term Gain For LVSOn April 3, 2017, the Las Vegas Sands Corp. ( NYSE:LVS ) 20 day moving average (MA) crossed above its 100 day MA while its 50 day MA crossed below the 200 day MA. Both events have never occurred on the same day. Historically the 20 MA has crossed above the 100 MA 18 times. The stock has a minimal gain of 0.157%, has a median gain of 5.899% and maximum gain of 72.847 % over the next 15 trading days. Historically the 50 MA has crossed below the 200 MA 6 times. The has a minimal loss of 0.661%, a median loss of 4.687%, and maximum loss of 11.732% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 64.5565. RSI tends to determine overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slightly moving up and recently retreated from near overbought levels.
The true strength index (TSI) is currently 20.5597. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is slightly moving up.
The positive vortex indicator (VI) is at 1.1249. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is moving up, although is retreating.
The stochastic oscillator K value is 72.6098 and D value is 69.2514. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is coming out of an oversold level, but trending up again.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading up, but could have a brief pullback from current levels first. Based on historical movement compared to current levels and the current position, the stock could lose another 1.5% over the next 5 trading days. After this drop, the stock could move up toward the resistance level around 60. From the close on April 3, the stock could gain 4.9% within the next four weeks. If bought near the anticipated dip, the gain could be greater than 6.5%.
Buy The Coming Dip For AT&TOn March 31, 2017, AT&T ( NYSE:T ) crossed below its 50 day moving average (MA) while its 100 day MA crossed over the 200 day MA. Both events have never occurred on the same day. Historically the stock has crossed below the 50 MA 330 times and the stock does not always drop. It has a median loss of 2.239% and maximum loss of 25.170 % over the next 8 trading days. Historically the 100 MA has crossed over the 200 MA 20 times and the stock does not always rise. It has a median gain of 3.959% and maximum gain of 21.067 % over the next 20 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 45.0401. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slightly moving down.
The true strength index (TSI) is currently 3.9504. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is slightly moving down.
The negative vortex indicator (VI) is at 1.0906. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is moving down.
The stochastic oscillator K value is 22.22 and D value is 18.62. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is coming out of an oversold level, meaning the stock should go higher in the next few days.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading down in the very short term, but up in the long term. Based on historical movement compared to current levels and the current position, the stock could lose another 1% over the next 5 trading days. After this drop, the stock could move up toward the resistance level around 42.50. From the close on March 31, the stock could gain 2% within the next four weeks. If bought near the anticipated dip, the gain could be greater than 3.5%.
ETHUSD Coiled for Its Next Leg Higher?With BTCUSD running up over the last couple of days, we've seen ETHUSD trade sideways to lower...but not for much longer, so I think. With a Squeeze forming on a 195 minute (+ a bull flag), 78 and 39 minute chart I'm looking for it to make its next leg higher.
If you take a look at the daily chart, ETHUSD has been trading in a nice pattern for the last few weeks and as the saying goes "don't fix it until it breaks" which translates here to, "but the dip."
I wouldn't be surprised to wake up to new all time highs...I guess we'll see.
Goodnight and good trading,
Jared
Another indicator Visa will move upHistorically when the RSI reaches this level the stock moves up at least 1.00% over the next few weeks with an average move of 3.75%. The stock will most likely fall over the next few trading days before testing resistance at 83.70. I plan to place CALLS over the next few days on the dip.
Visa pointing up soonHistorically when the coppock curve reaches this level the stock gains a an average of 5.11% over the next few weeks. Because Visa has had 4 consecutive days of solid gains, it may drop over the next 1-2 trading days. Buying the dip would be a great options play. The pink zone is the target area for the price to reach. My conservative play is a move to at least 83.70 which has been a frequent area of resistance.