Book partial profits
Be careful!!
Nifty is in a bull run, book your partial profits and exit
Nifty has increased to 1048 points from 2nd AUG 2021 to 30th AUG
31st AUG 2021 might be an interesting day for traders and invester. We can expect a volatile price movement during the trading hours.
Thank you!
Feel free to share your ideas or thought in the comment section.
Caution
Bonds - An Assured Negative Negative Return As M2 plateaued during 2006 / 2007 / 2008 - we saw an aggressive deflationary collapse.
A far more insidious Deflationary Event is approaching.
The absence of Collateral, A shortage of T-Bills, M1+M2's sudden reduction in May,
Geo-Political Risks (Extreme), Budgetary Crisis, Stimulus Bill(s) Passage Risk, the
End of the Moratorium on Mortgages, Rents, Subsidies - Jobless claims rising, Wages
rising and many more crosscurrents creating an undertow the Federal Reserve suggests
are "Transitory" with respect to "Inflation" with ZERO discussion of Health of their "System."
None.
Very ominous warnings appear and are ignored in this unusual environment.
Protection is bought every day, even though the VIX is trading a Large Daily Sell, Intra-day
there are clear signs there is a group whom is very concerned.
Caution Regarding the Market's Trend Dear @All
Please read and consider the following for two minutes before posting any comments. Your financial success or failure has no bearing on my life. I'm solely cautioning you about Bitcoin's future direction and warning you about the possibility of massive loss.
I have the data of bitcoin since 2010 which had the minimum of $0.05. I couldn't find the full data history in Tradingview. I have drawn the waves in the chart. Uptrend for now is over and market has already WAVE A and B. We are in Wave C which this wave will divided into 5 waves. You can calculate the top of wave 2 by Fibonacci or the simple formula of Elliott Waves.
There are 2 methods to calculate the end of this drop: 1- calculate the waves of Wave C : 64509 top and bottom 47936, then top of wave 2 in Wave C will be 58178. Now you can see the other waves which End of wave 3 in downward (wave C) will be 31363, wave 4 (of wave C) 37693, and wave 5 (of wave C) 21120.
2- Now let's count the whole of the movements of Bitcoin as GrandWave 1 and check where is the end of Wave 2. Start of Wave 1: 0.05 End of Wave 1: 57218. You will see that end of GrandWave 2 will be ended at 21857 which is very close to the rate we found above.
I wrote all of this Not because of your Likes and Follow. I wrote to just give a caution about a possibility of loss.
I don't recommend to take SELL Position (Because I Never trade on Future Market). My suggestion is that to WAIT for short time. If it happens you have enough money to enter from the bottom and make great profit.
The following Chart that before I draw didn't consider the drop to 21k and it shows the drop to 41k which will be a mistake in analysis.
Self Intro:
PhD in field of Financial Engineering at USTC.
EURUSD BULLISH REVERSAL @1.20925Hello! First and foremost please trade with caution! Do not risk more than 10% of your portfolio! EURUSD will wipe out 15M liquidity by about 10 pips. It will then reverse back up and take out the high. DXY is heavily bearish hence EURUSD is heavily bullish regardless of the short term. Have a blessed day!
CAUTION It's pretty common for BTC to have 20-30% corrections in a bull market and has been doing phenomenal with coinciding with previous run-ups.
I believe this is the 4th or 5th correction to this magnitude.
Things look pretty swell from where we came from this year and last and hope it can continue.
We just had a crossing on the weekly MACD and things are looking ripe for maybe another push higher.
RSI on the monthly cart is also declining from overbought territory.
There was a similar run up and fall in price action and when BTC futures started trading on CME compared to the COIN listing recently.
Regardless if you are HODLING forever or just trying to make quick movements in the price action of shitcoins it looks like we are taking a breather and could be something other than a correction.
I'm remaining on the cautious side with everything else thats developing across world markets and in the US.
That's all folks
BTC, beware for divergence, prepare your trade strategyi detect divergence in BTC's chart, beware of it. RSI indicates a lower low, but the market keep making higher high. prepare your strategy accordingly, use this as a warning to take precaution measures. i advise to sell the majority of your coins and wait for the crash. i hope good luck for you all.
GBPNZD- WHAT'S NEXT?!Hello beautiful reader & thank you for viewing. GBPNZD FX:GBPNZD
Today, we see that GBPNZD is nearing a very common supply and demand zone, therefore we must wait to see if it would like to react corresponsive to our current downtrend, or if it would like to retest where we first entered our longs(1.91200). Keep in mind price can potentially do neither of those options and just completely move upwards after a short pullback. I am still bull bias on this pair unless it breaks another major structure downwards; & will be looking for more long opportunities if the chance is provided.
Keep in mind I am not a financial advisor and this is just my opinion.
Hey guys, have a look @ YFLHey guys, have a look @ YFL it went over 900% just a couple of days ago and its price right now is coming down.
That one is so new that it doesn't have a chart here.
HUGE RISK SOME TIMES BRING MASSIVE RESULTS. GOOD ONES & BAD ONES regardless.
Be careful.
You will need: Look on Coingecko. work on Uniswap. Install Metamask. Get your Txid.(A MUST DO) information from Etherscan.
COMP/USD - Slowdown formation (CAUTION)Hello, Traders!
Today, we're gonna look at the COMPOUND decentralized protocol. COMP had a great start finding its all-time low early on at $61 (still a 100% return from the $30 USD ICO). COMP then began to be listed onto various exchanges and was subjected to ferocious buying activity seeing COMP soar all the way to $372 USD only 6 days after the token ICO finished. This was a 1100% return from the ICO price – in less than a week! However, since then, COMP has consistently lost its value, falling from $372 USD towards $135 USD representing a 63% decrease from ATHs in June.
However with many DeFi coins performing spectacularly recently (especially the one later on in the report…), what does the future price action hold for COMP?
The contraction of PPs can suggest that the current trend could be coming to an end. However, as demonstrated below it appears that there will be a short term sideways trading period – likely until the end of these PPs. Since COMP entered the market it has created numerous formations. The main formations have typically been parallel channels with the addition of one descending triangle. However, the significance of these previous formations is the ever-decreasing angle of the resistance lines as shown on the chart.
The indicators are currently very mixed, pointing towards both directions. To take a position now would be highly risky, waiting for a breakout to occur should decrease the risk. This breakout will also change the indicators and increase the following in one particular direction.
What would you suggest the market hit later this week?
Watch out for the market and good luck!
+2%! Caution Brought Me $$$ - 05/12/20 RECAPHi traders,
For the last couple of days thought of being TOO cautious crept up on me. Tuesday, however, reminded me, that slow and steady is very important in trading.
Getting rid of trades that are not working anymore and pocketing profits when available instead of mousepushing the stocks paid off.
My Trades:
1) IIVI - SHORT @46.23, -0.30%
2) VOD - LONG @15.02, +0.92%
3) NVAX - LONG @40.09, +1.33%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: +1.96%
Total PnL for the week: +1.64%
Good trades,
Tom | FINEIGHT
GOLD: Nirvana or Nightmare?Everybody seems to know that Gold is going north. Some say $3000, others say $5000. But none of the people who claim this are saying 'by when'.
I have no doubt that Gold will eventually reach $5000 but I don't believe that that's gonna happen anytime soon. I may of course be proved wrong. But I'm not doing FOMO at this stage of Gold.
Have a look, why I say there is need for greater caution.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile, and you lose your money, kindly sue yourself.
BTC touching the 5 year ascending trend line! Best buy op but...Just a quick word because of where we are and my pointing out this 5 year trendline as a great entry point and the current geo-economic situation. We dont know what effect the cov19 will have on crypto, maybe Sunday was crypto joining the global stock sell off, its too soon to know and we are right at support.
Anyway, this is still the best opportunity you will have to buy BTC if this trend that has maintained for 5, almost 6 years, continues to provide support here . If we break below this in a meaningful way, things could get real bad. I normally would have zero fear about adding large here and I have added to my position today but If we drop below this line in a meaningful way, I am prepared to liquidate to USDC and wait on the sideline while markets finish crashing. I hope crypto can endure the coronavirus sell off.
I suspect if we do hold we will have one more test at the top descending blue line at most but possibly not even that high, then back down to the 5/6 year trend line one more time possibly before making its next big move. I watch the grids to anticipate support and resistance and anticipate timeline. I am still long Crypto bot on a tight stop loss from here.
Also using order book trends I was able to see the trend shift both before the bulk of the crash and as it turned around > Consider adding historic orderbook analysis to your tool belt @ vcdepth.io
This is not investment advice, sharing my observations, DYOR!
BITCOIN NOVEMBER 10 / INTRADAY SHAKEOUTHello traders. Check my previous ideas to see what's next on BTC/USD price action.
Wanted to share this intraday idea with you guys.. Maybe it will help somebody on their entries..
I'm looking at this recent move as a bull trap in short term.. We didn't reach crucial blue zone just below and stopped at $8680..
We need more liquidity to go higher and strong supply will grant our wish.. My target is $8588 where I'll add to my long position .
Not much to add here.. $8540 is 0.618 fib of recent move from 7.3k to 10.3.. Be cautious .
This is not a financial advise. Until the next one!
XRP Might surprise us ****Caution****Hello everybody! It's late but I wanted to share my thoughts on a possible Xrp move!
I just posted views from a bullish side. This is counter trend idea just to keep you guys on top of things..
Inverted chart shows a possibility of getting lower very rapidly. So BE CAUTIOS!
We almost got that 0.618 fib which is so common for ABC patterns. Usually 0.618 is where trend should shift and impulse wave C come in. I'm not saying we're going there until I see next daily candle. I just closed my long positions and now awaiting what tomorrow will bring. I measured the moves in percentages - it looks more corrective than impulsive.
KEEP IN MIND - Measured moves not always work out! We might stop at 0.192 and 0.177 - these are crucial zones too! Keep in mind, that historical drop was around 95% and that would take us to ~ 0.18$.
Trade safe! This is not a financial advise!
BTC + SPX Symmetrical TriangleSymmetrical triangle pattern in BTC and SPX, waiting for a breakout. Looks like bullish momentum is fading and we are headed for corrective territory. BTC has the potential to explode higher, but I just don't see it for the SPX... there are too many fundamental factors on the table to currently justify passing 3000 without more "trade talks going well!" nonsense.
Why Steem? This is such a humongous project ...Why Steem?
This is such a humongous project that I don't have enough weeks to try to explain it here.
Do yourself a favor and visit their website, find out about the new chanel D Tube, just like You Tube.
Yes, this chart might look whatever and wherever, don't worry too much about it.
Just find out all you can regarding this coin.