Cashapp
SP 500 BACK TO 4000 BY TOMORROW Banks news coming and are baaaad news !!!
TECH SELL OFF and more sell coming !!
Welcome to Recession
dont be Bull or Bear
be with the Market Direction !!!
not over trade
add to winners !!
DO NOT ADD TO LOOSERS !!!
SQ is headed to the downsideCharting on the daily, I think SQ is in a nice set up for a put play. The downward trend that has been created has been touched twice. At each point of contact there was a follow through of selling pressure. The selling pressure has also caused weakness within the new support area . I am concern about the amount of time it make take for this plan to carryout.
Put Play on SQCharting on the daily, I think SQ is in a nice set up for a put play. The downward trend that has been created has been touched twice. At each point of contact there was a follow through of selling pressure. The selling pressure has also caused weakness within the new support area. I am concern about the amount of time it make take for this plan to carryout.
Bitcoin Sell off.....Leading to BLOCK, INC ShortRevenue from Bitcoin was $7.1 Billion in 2022....This was the largest source of revenue for SQ. As Bitcoin prices drop this can be reflective in SQ stock price as revenues from BTC will lessen.
Journaling the successful trade on SQEven dough the trade was amazing , there is always room for improvement. Here is what i learnd
1.if the markets (indexes) are green at closing, it doesn't mean there will not be a pull back, which can effect your trading position. and vice versa.
2. if you miss your entry, and the trade is going in the direction you calculated, use your trend lines for a entry.
3. be sure its and nice set up on the candle sticks that favors your direction, after the touch of the trend line.
4. be sure to chart down on with your analysis.
Block/Square needs consolidate in the bullish pattern Block needs to consolidate in the bullish pattern in 'a' wave of the 2nd wave.
crab harmonic pattern:
X=$426
AB=0.61 XA
BC=0.38 AB
0.78 BC=$81
0.88 BC=$90
0.78 XA=$183
1.6 BC=$209
0.88 XA=$271
2 BC=$322
2.24 BC=$424
2.6 BC=$654
1.13 XA=$712
1.27 XA=$1248
3.6 BC=$2051
1.41 XA=2153
4.23 BC=$4157
1.6 XA=$4898
Plug Power back on the trend linePLUG is a long term play, tesla hedge (10 Years)
As long as PLUG is on this trend I will continue to dollar cost average daily
- for beginners this literally means start off slow on cashapp with $10/day
- for advance traders DCAing at levels you feel comfortable buying and buying BIG #getwrecked
If it dips below the parallel stop DCA and find another trade u might want to participate in
IF it rises above feel free to take profit and buy other assets or go on amazon and treat yo self
trading is about YOU and not your personal life finance
communities make it about the community
never feel ashamed to profit off a great trade
people that bully are those that have lost and have broken their own rules time and time again
#notonmighwatch
