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DIP ON STEALThis one will be a complete technical analysis. Starting point ->>> support lines 73.50$ - 72.64$ Stopploss - 75.40$ 1. Target - 81.05$ 2. Target Buying reasons -2 support lines 74.17$+73.50$ -daily: RSI oversold (30 area) + MACD tendencies for a countermovement Selling points -weekly+monthly MACD indicates sell down -weekly+ monthly RSI indicates selldown -under the SMAs (except for 400) The violet line shows the general uptrend from 2020 to March where we have a break-out (bearish). This shows us that it is unlikely to get ATH. Therefore, I wrote some easier achievable goals. So, first target has a risk reward ratio of 3.11 with +3.8% upside. Second has risk reward ratio of 8.6 with +10% upside, both with a 1.2% stoploss. The stopploss is based on a Fibonacci retracement.
NYSE:RIOLong
by Chrlstlan
AMD Price Action and Volume AnalysisCould AMD be entering the second leg of it's breakout to all time highs (ATH)? (Side note: don't take this as financial advice, I'm just some guy on the internet) While I have already taken an aggressive entry on AMD this past Friday after it gave the signal that it was moving from a Stage 1 Trading Range into a Stage 2 Uptrend, I figured I could still describe what I am seeing unravel before us and what I expect to happen/what my plan moving forward will be. After AMD's strong breakout to ATH, we saw AMD finally lose steam and enter a Stage 4 Downtrend. This downtrend continued with little bearish pressure compared to the rally that came before it. Signifying to me that even the bears expect this to continue to move up in the future and were simply looking for small profits here. We got the downtrend to bottom out near to 50% mark of the first rally. The first sign of a reversal out of the downtrend that stuck out to me was the first bull wedge that finished forming with an overshoot of the trendline at the end. This represented climatic selling and exhaustion. This bull wedge was followed by strong buying by the bulls and transitioned us into a Stage 1 Trading Range where the bulls and the bears had equal strength. Bulls would buy at the bottom of the range and sell at the top while bears would short at the top and buy to cover at the bottom of the range. Notice the two bull wedges inside of the Stage 2 Trading Range. This let's us know that the bulls are gaining strength and the tide will turn eventually. Another signal that points to the turning of the tide, is the double bottom re-test after 3 bull wedges. This lets us know that the bears are weak. They have attempted to push the stock lower multiple times, but each time are overpowered by the bulls. Eventually, the bears are going to step aside because they are tired of being beat and losing money and will let the bulls take control. This then transitions us into our Stage 2 Uptrend, where the bulls have now taken control (for now). We can see a bull trend bar that is breaking above the Stage 1 Trading Range and the EMA. The bull trend bar closed near its high and had huge volume. Indicating the ignition of a new stage. Currently, there is a bull flag forming that looks as though it will have a High 2 breakout. Contained within this flag is low bearish pressure, indicating the majority of bears are still stepping aside waiting for the bulls too cool off. As I mentioned earlier, I have already taken a position on this swing on a lower time frame (LTF). This was taken with a half lot (half of my normal risk) since this was an aggressive entry. Once my trade moves 1 Risk Unit (1R) in my favor, I plan on buying another half lot to get full on my position. From there on out, I will add an additional lot to my position for every Risk Unit the trade goes in my favor. Additionally, I will trail my stop loss 1R below the current price. For example, If this trade tags my trailing stop at 5R, I will ultimately walk away with a 12.5R profit due to my additional lots purchased every time my trade moved 1R in my favor. A 12.5R profit would be equivalent to a 12.5% Return on Investment since a full lot for my is 1% of my account size.
NASDAQ:AMDLong
by Trade_Soup
SCHW Trade RecapEarlier this week, I took a trade on SCHW on the 30 minute chart. Found it had been rallying on higher time frames (HTF) from a pullback. I decided to scale down to a lower time frame chart to find an entry. Preferably a pull back. Decided to enter on a bull flag. The previous day had shown strong bullish buying pressure as indicated by the bullish candlesticks closing near their highs during the rally. The first flag that I entered on was a 2-legged pullback from the highs with a High 2 breakout. When the breakout bar closed on its high, indicating strength from the bulls, I took a long position. My exit strategy was to trail my Risk Units. (For example, when risking $100 on a trade, $100 is 1 Risk Unit (1R). Therefore for every $100 move in profit, or every 1R move, you'd move your stop loss up 1R behind it.) I bought more shares, equal to my first entry, on every bull flag that had occurred in the bullish trend. Therefore, I bought additional shares twice over the course of the trade. This increased my chances for earning bigger profits as long as it continued to go in my direction. I bought my first additional shares after my stop loss had already been moved to 1R. Effectively eliminating my risk. Since I bought the new shares around 2R, my 1R stop loss was now breakeven. Due to share price averaging. So I was at no risk of losing any money. As the trade continued to move in my favor, I continued to move my stop loss up, locking in profits. I bought my last shares near 3R after the final flag in the move. Again, for the same amount of shares I had bought in my original entry. My size was now 3x bigger than my original entry. After the trade had reached 4R, I moved my stop loss up to 3R and got stopped out there after the stock had came back down. Even though I got stopped out at 3R, I walked away with a 4R profit, due to buying additional shares on the way up and my risk never being greater than my original positions stop size due to my trailing stops.
NYSE:SCHWLong
by Trade_Soup
$MIRM doubling down*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: My team entered $MIRM on 5/28/21 at $16.30 per share. Today we're taking the dip opportunity and doubling down at $15.60 per share. FIRST ENTRY: $16.30 2ND ENTRY: $15.60 TAKE PROFIT 1: $20 TAKE PROFIT 2: $30 STOP LOSS: $14.90 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:MIRMLong
by SimplyShowMeTheMoney
$BTC PRICE PREDICTION/ TREND REVERSALThis price prediction shows a dinamic curve resistence we have been carrying since almost the 60k level to the 34k level that had a breakout and then formed a descending triangle. As we can see the descending triangle ended up breaking above the 35k level forming a price projection of an exponential grow of the $BTC price. It is also important that this price projection was formed after breaking the 50MA that we hadn´t broke since mid-may and that caused this massive dip on the price.
by nazh17
Covered DIP Buying - An economic sleight of handSo, I have some coins I bought in the big dip, that have remained underwater since this latest dip. It has been annoying me. Like many others, I don't like selling for a loss. But it's such dead capital, and it seems they are a little too high to regain their old levels any time soon, so they just sit there annoying me. I could DCA, but that is quite frankly a sunk cost fallacy problem and I think they are both pretty overvalued. I only like to DCA on undervalued stuff, because you are improving your deal even further. But anyway, while the crypto market is 20-30% down across the board I thought I'd finally get out of these two (OMG and ETH). Simple sleight of hand at a new bottom if you have a little bit of spare capital. Re-buy the same AMOUNT (quantity) of the coin at the new bottom price. You have got a DCA if you so choose OR wait until the market recovers a bit and sell the more expensive pile after it recovers a certain amount. Voila, it is as if you sold out of your position during a big dump, and bought into the bottom again, but slightly less stressful. To be clear through example. I bought 0.06 Eth at 2100 EUR for 126 eur a month or so back. I just bought 0.06 at 1580 EUR for 94.8 eur yesterday I would expect to easily be able to resell (my 0.06) for at least 2000 USD, or about 1750 USD, or 105 eur. This is the inverse of selling on the way down and buying back in at the bottom. (Bought 0.06 at 126 euro, sold at 1750 euro for 105 eur, and then bought the bottom for 94.8 ... thus winning 10 euro) To be honest, I mainly want to get my shit off of Uphold because it is expensive and useless, but this seemed a useful mental trick.
by JohnWukong
$CLF averaging up once again*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: My teams original entry for $CLF is at $13. We averaged up on 5/23/21 at $18.06. On 6/10/21 we hit our take profit 1 at $24 per share and secured most of our profits. My team averaged up once again on our remaining positions yesterday before the market closed at $20.60 per share. My team still plans to close this trade completely once our trade reaches our take profit 2. Investors still looking for positions should be advised that $CLF may retest our red trendline before this occurs...but current shareholders have no reason to be concerned with this scenario for it will offer additional buying opportunities. If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:CLFLong
by SimplyShowMeTheMoney
BTC recipe for a drop? 6 Weekends out of 10 are Bearish with crypto , this is one point of view. However when do we continue the trend into the week? Usually this happens with the following recipe: - take 1 or 2 spoons of FUD - 1 spoon of false retrace - a handful of sell orders near critical support levels - all of them happening in a bearish pattern on high timeframes The 30k level might really fail this time, let’s see if there is any institutional brave enough to buy this fragile «dip«. Now , I have this short setup. I highly advise you check that distance to stop loss twice and calculate your position properly. The RR ratio is not ideal but it is deffinetly doable. Also I would caution you with leverage, using extremely low leverage 1-2x would be smart and would allow you to enter this short safely. This setup is optional. 
Short
by SublimeTraders
BTC - Time to buy the Dip!It is likely that BTC is forming a perfect head & shoulder even with legs this time... this is a major correction, the past 24 months parabolic growth was not healthy by any means, here is why: 1. A lot of stupid money is flowing in the market, everyone saw the power of BTC (from Zero to 60K) and they think it will make them rich overnight. 2. A lot of shitcoins & shady projects are flooding the market without the slightest regulatory supervision, which gives the perfect opportunity for con artists, scammers, digital thieves to create a coin (quite easy actually) and sell you to the moon dream .... unfortunately a lot of naive people out there believing anything they hear about any digital coin. this is not right! 3. BTC war from China disturbing market dynamics... 4. Governments will have to accept and regulate crypto, when that happens, the market will likely be more mature, more stable with less scammers, less stupid money and more protection for the same stupid people... including all of us. When will this happen... when the decision-makers, ppl in policy and regulatory positions understand the power and force of BTC .. find a way to regulate it....they will need to regulate it. My fear is that we need another Satoshi Nakamoto to establish a regulatory framework for the 10-year-old BTC for the 1000-year-old financial system and the 100 your old bank system! US governments (USD) will continue to fight off any currency that may threaten the precious $$$$ and it's dominance and will destroy anything and everything on its path. Long live the $$$$. What's next: - BTC likely to retract to 19K level.... this may be a safe zone to buy the dip, in my opinion, I could be wrong (like every other analyst out there) - Crypto projects that is related to the real economy, like AlGORAND, XLM, VET, CXR and many others will prevail in the long run - Defi Crypto provides with insane ROI- APY basis will eat your money before breakfast, these you need to be careful with Look for sustainable projects with existing products and credible teams... long-term winners basically. Those with technology and a business model that you can understand. Only go for that. If you know how to surf... enjoy the waves. Otherwise, stay safe. J
BITSTAMP:BTCUSDShort
by Jay_Trading
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