Bitcoin 2021 targetThis is my bitcoin target for 2021 around summer or by the end of year. If i need to give exactly target i woul'd bet around 28 september.
Dip
My BTC analysis for the day Feb 23This looks like a long winding road bear trend for BTC, if it breaks 43 then the next is 41. That's quite a bounce from a fallen cat. ;)
Bottom reached?Let's see if the 49-51 levels will hold. Volume is still extremely low, hinting to the fact that not many IF ANY institutional owners are selling. Added to my personal position at these levels, always be ready to average down for moments like this.
Worst case, we might see mid-low 40s again, although fundamentally I highly doubt it. The longer a stock goes sideways for, the bigger the move will be. Patience is key here!
BTC dropping but until when?Looking at the 4h chart - price dipped all the way to the point of confluence (POC) and retraced back up leaving behing a long wick that usually says rejection. A new 4hourly candle opened and is now at the point of confluence for the last formation also accompanied by the presence of the yellow ascending trendline.
Where do we go next?
If we close below this local point, our next stop will be the point of the initial retrace, the POC at 47700. If that breaks we will be supported by the 200 EMA which is now at 43800. And if that too fails to support us we have another support at the 0.61 Fib at 40550.
Buy the dip!!!This is a good opportunity to obtain a cheaper price.
Next dip will be on $8,5 or maybe $9.
Don't miss it!
Bearish engulfing SPY /weeklyIn the chart, you can see all the bearish engulfing signals on the $SPX from 2018.
They have all resulted in corrections over the next 3 trading weeks, or a much stronger pullback during 1 week.
For a deeper dive on a daily chart view analysis, go to the related ideas below (Market Internals in Trouble) .
Positive Note:
If we can rally and close on a weekly basis above the high of the bearish engulfing candle; that could would negate the down-trend signal.
LTCUSD about to correct past $158We think the dip is done, with the solid bullish rsi and momentum direction and the cross above the ema 30, we think the correction is about to come. Playing this one LONG
Hedge your bet with the ARKK Innovation Etf
just now
With big tech falling after the first week down for the S&P in 2021. We will likely see a slide in the technology space. I believe a buy in the ARKK ETF is a nice prospect. They have positions in companies that are prime to continue performing well in the market. I will be buying the dip on this ETF into the buy zone listed. Tech will slide, the question we need to ask now is for how long.
Top 10 Holdings
As of 1/29/2021pdf_iconView All Holdings
Weight Company Ticker Market Price Shares Held Market Value
9.56% TESLA INC TSLA $793.53 2,726,469 $2,163,534,945.57
6.71% ROKU INC ROKU $389.03 3,901,096 $1,517,643,376.88
5.24% TELADOC HEALTH INC TDOC $263.83 4,495,919 $1,186,158,309.77
4.63% SQUARE INC - A SQ $215.96 4,854,798 $1,048,442,176.08
4.42% CRISPR THERAPEUTICS AG CRSP $165.70 6,030,285 $999,218,224.50
3.80% INVITAE CORP NVTA $49.52 17,340,761 $858,714,484.72
2.89% PROTO LABS INC PRLB $211.80 3,088,854 $654,219,277.20
2.82% BAIDU INC - SPON ADR BIDU $235.02 2,717,183 $638,592,348.66
2.76% ZILLOW GROUP INC - C Z $130.46 4,780,089 $623,610,410.94
2.75% SPOTIFY TECHNOLOGY SA
Comments
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SQ
INCOMING MARKET CORRECTION S&P500Firstly, based on the charts we can see that the S&P500 is likely due for a correction based on the 77 to 80 day time period.
Secondly, the indicators Stochastics (14, 3, 3) and RSI (14 Close) indicate that we are reaching an overbought position based on the daily time frame as well as on the monthly chart.
Thirdly, following the upward trend pattern of support and resistance, we are about to hit the 0.5 (3909.8) level of the Fibonacci Extension starting from the bottom of the Covid-19 market crash last year with the high on 2nd September 2020 and the low on the 24th of September 2020.
These are my reasons as to why there might be a potential correction due soon.
My opinion is that we might see a 8% to 12% correction to the downside towards the 100EMA line (Green Line) and be held by support level at 3532.4 (Orange Line) on the daily time frame in the weeks to come as we close upon the months of February and March 2021.
Stay cautious investors and traders.
Just my 2 cents.
S&P 500 Elevator down?Looking to buy something today, I say we go down a bit because I wanna discount...In all seriousness, we can afford to go down a bit, and often the best discounts happen Thursday-Monday if you are buying and all else being equal. Picking up speed as well it seems. Don't see a crash or anything silly like that, but I can see it visiting the EMA bands, somewhere near 3800 in the next day or two. I am not short for the record, nor am I looking to go short.
Bear Trap, Don't PanicTook a fractal from the same timing in the previous bull run. We may go to 28k at the lowest, but it will be followed by a violent swing past the all time highs. It might be worth DCAing into a position as we go lower.
BTC Dip - Buy opportunityBTC is clearly not making a double top, if anyone thought so.
It's a perfect level to accumulate more
1/11 BTC to dip to sub 28k levelsMy educated guess indicates a touch to 26.7k before trending upward again
I think Ethereum will break $1420This is in my opinion the best time to go long on Ethereum. If I am correct then that'll be the fourth time in a row, please use proper risk management when trading and remember the market is unpredictable.
The best way to trade this right now is to focus on where the support and major support trendlines are. If we go based on this it means we have an idea where we could possibly drop to in terms of price without being disturbed by red candles on the screen.
XAUUSD - GOLD / Money PrinterWhat an impressive sell off on XAUUSD.
Investors will now be buying the dip aggressively, don't fall into that trap, sell the retracement and buy the dip lower at the bounce line marked.
GOLD DIP, let's not miss this 10:1 Risk to reward tradeHello traders,
Our system triggered a buy on GOLD. Yes it's dumping right now, but you want to buy low and sell high right ?
The R:R of this trade is just awesome. Good luck if you follow this signal, and remember that if it fails, the shortloss is so small ! :)
IDEX possible upsideIDEX nice low risk to reward formation with news of a director change. PSAR getting close to switch to bullish
BTC buying target: 618 Fib - 21 050$ Next buying target: 21 050$
Happy trading! (and hodling)
Cheers!
