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Countertrade

EXPI Just tested supportJust tested support around 32 dolla. Our avg price is $25. We closed green today as the thumb of God helped us with support. While inflation persists, if Real estate is set to continue it's trend , this stock should continue to correlate positively. EXPI's Return on Equity is forecast to be high in 2 years (32.49%); analysts are confident in the firm's ability to efficiently generate return on equity/ROI for investors. Tom White from DA Davidson also maintains a target price of $62. Let's watch this unfold. Covered calls are also an option. (disclaimer not financial advice, just opinion based on fundamentals and technical analysis)
NASDAQ:EXPILong
by jackohgorman
4
Coinbase IPO: Buy the Rumor Sell the News?Despite how bullish this crypto run has been; One can't help to question the possibility of the Coinbase IPO release marking an intermittent top. Looking back at the 2017 bull run, the CME Future release marked the top of the of the crypto market for some time; Post-futures release was then followed by several painful years of consolidation. It wasn't until 2020 that $BTC was finally able to re-claim its ATH crown. Though I do not expect a multi-year bear market after the IPO, I do expect some serious volatility. Another Buy the Rumor Sell the News? There is a tremendous amount of hype/evaluations around the Coinbase IPO which draws some concern. To support this, we are roughly 6.5 hours away from the $COIN release and we have a beautiful ABCD setup that just completed itself at $65,000. I have been trading the CD leg of this for the last several days and was personally hoping for this to hit 65k right around release. This early strike increases the probability of a blowing past resistance, but regardless the pattern is worth mentioning. The ABCD: ABCD Patterns are the simplest out of all the harmonics to trade. If if the BC retracement of the AB leg lands on the 0.618 we would likely find resistance at the 1.272 of the BC extension. If resistance is found and the pattern completes itself, Target 1 would be the extended trendline of AC leg while the second target would be point C. By placing a stop just over the .1414 would we have over a 1:4 trade to TP1 alone for over a 10% gain. If this would push down to TP2 we would be at around a 20% gain. All while 2-3% loss with fees. I do my best not to counter-trade; but this ratio seems too good to pass up. I hope you all found this idea interesting and maybe even a little helpful. Cheers
BITMEX:BTCUSD.P
by oh92
3
BTCUSD RANGE BAR STRATEGYBest Range Trading Strategy In this section, you’ll learn a simple range trading strategy. Range bars can help us identify support and resistance levels with the precision of a surgeon. That explains why this is the best range trading strategy. Once we have identified the support and resistance level, we let the market do his thing Note* For the purpose of this range bar strategy we’re using a range bar size of 10.00. This means each bar is printed once we traveled at least 10.00 in one or the other direction. Once the support level is tagged by the range bar we wait for price formation that includes 3 countertrend bars. You just need to open a new position when the fourth bar is printed on the chart. The three consecutive countertrend bars simply show range expansion trading. This is a clear shift in the trend direction. The protective stop-loss order can safely be placed above the 3 range bar pattern. Stop losses are one of the most effective ways for traders to control their exposure to risk. Let’s now learn how to trade range bars using indicators. We’re only going to use the MFI indicator. For more info on how to use the Money Flow Index check TSG blog: Money Flow Index – Trading like the Banks. Through this range bar trading strategy we’re going to use the MFI indicator to confirm the buying and selling pressures behind the range bar expansion. For example, when the range bar expands on the upside, we want to make sure this is due to buying activity. We’re just using the MFI indicator as a confirmation tool. If you’re tired finding success with the traditional candlestick price chart you’ll find some value in doing some research and backtesting the range bar tool. If you’re looking for a more all-inclusive range trading strategy with an effective tool to time your entries and exit points you’re way better off using the Bar Range indicator on your current trading platform. With the best range trading strategy, you have the ability to see the market structure a little bit more clearly. If the market doesn’t move, there are no trading opportunities. If there are no trade opportunities, then we can’t make money. The range bar tool helps us identify when a trading opportunity shows up.
COINBASE:BTCUSDLong
by Tradingstrategyguides
1