$PYPL selloff saga$PYPL tanked through the $215 support that I draw yesterday. Today was its steepest one-day slide since March 16, 2020. This is a daily chart and there's another strong support around $200 together with the weekly 100MA. Seems like this support worked today and we got a bit higher towards the close but I'm not very confident that the price is stabilized quite yet. If we break the $200 support we're headed down to low 180's, 170's and potentially even 150's where is the 200MA on weekly. There was and influx of $215 calls today but because of analyst downgrades that PYPL got, the stock seems pretty weak. I'd be careful with adding on dips and perhaps get some puts for protection.
Dipbuy
BITCOIN BULLISH FLAG 🏳🐂 (☠️🐻☠️)Hi everyone 👋🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 BITCOIN /USDT DAILY CHART
📌 PRICE ACTION - BULLISH FLAG - DOUBLE BOTTOM
📍BITCOIN has created a bullish flag in daily chart along with the double-bottom
✍🏼 Straight to the point, BTC is looking bullish in long-term. I was waiting for this flag for about a week lol =))
📝 First target of the bullish flag is half of the leg that has been created since the flag pole
📝 Second target of the bullish-flag is the complete leg that has been created since the flag-pole
📏 You can calculate it with fibo expansion.
✍🏼 Another confirmation for further growth is the double-bottom (if we do not consider it a tripple-bottom); the price has not reached the targets of the double-bottom yet!
✍🏼 These price ranges 43-44k zones are risky entry zones; so safe entry zones can be when the price breaks the flag.
⚠️ PEOPLE fomo at 53k and panic sell at 40k! Guys, please do not listen to anyone trying to make FUD or FOMO. Just learn risk management in parallel with money management and enjoy your trades.
⚠️ I really hate it when people say "awww... BTC has fallen just exactly as I've predicted" . It is really cringy to publish more potential price fall just after one or two days of clear bearish momentum!
⚠️ You only have two friend: CHART & TREND (Long-term trend is STILL bullish)
⚠️ Everybody makes mistakes; whenever I am reading an idea and at the beginning I read the " as I predicted " or " just as I said ", I quit reading!
⚠️ I am never ashamed of my mistakes; you can clearly see in my trading-view page that sometimes I have made mistakes. Moreover, I will link my TA in 13th of September and show you guys that I really wanted this downfall in price! :) NOT JUST ONE DAY AFTER THE BEARISH MARKET
😇 I had fun the previous week and did not look at the chart AT ALL. I enjoyed my life and bought the dip!
THIS IS NOT A FINANCIAL ADVICE
... To be continued ...
Another dip? Read this short summary of the marketAs mentioned in my previous post on BTCUSD, my final support level is on 41K ish... and it has proven to be so..
Even though it wick below a couples of time and close 1 time (4h) below it, it still manage to rise and close above it..
Looking at today's rally, if BTC cant consolidate above 43K, a test to the 0.5 and 0.618 fib level may be in play (The box)
Looking at the current situation and dates, I think 41K and 42K might be the bottom (Candle close, not wick)..
October is known for it bullish rally, so let's see how BTC will play then...
Summary:
Best case scenario: Bottom is in..
Medium case scenario: The bottom is not in.. and its now only a relief rally... Bottom then would be in 38K-ish according to previous fractal pattern...
Worst case scenario (doubt will happen): Dip below 37K and testing previous low in 30k-ish...
For now I am kinda 60-40 for best and medium case respectively... The worst case is kinda out of the picture considering current news, crypto implementation, and the month we currently in.
And as always, this is not a financial advise...
Comment what you think below
The last DIP? Time to BUY?As you can see, BTC still making a higher low since few days back, and it just now testing the purple trend line BTC just broke and went upside few days before...
Right now BTC could found it support in both the purple trend line and the red fibonacci level line... this would be a very strong support if you asked my opinion...
if somehow the downward pressure is very-very big, and both of this support break, $46000 would be my first target in the downside...
But still, it it breaks to the downside, it wont surprise me if it testing lower level such as the $45K level, the most important support still would be in the $44.3K (green line)
If it breaks, then a lower price target would be in play... Final resistance would be in around 41K-42K level... Which also what the creator of BTC stock to flow model said in his tweet...
But for now, I am just accumulating/DCA in project that I like and waiting to see how it will play out...
Dont stress out!!! it's just noise until it breaks serious support and resistance... hahhaha
#Keepitsimple
#notfinancialadvice
Still Long on SBUX??Today my goal was to determine how bullish the SBUX play I called out was and due to today, I still believe we are long. What I was looking for was a bounce from the VWAP that currently rest at 118.49. If it bounced then Id still be bullish and if it broke through then id be bearish. We have seen an obvious bounce but something that's also notable is the fact that we closed above the 20sma. This was notable because the 20sma greatly identifies trend direction and resting above that is indicating that of potential bullishness. All that is needed for greater confirmation of the direction for SBUX is to see it drag across the upper bollinger band. The probability towards this playing out in our favor are great due to the VSLRT and the Stupid willy also signaling a bullish trend to be seen. Keep in mind that the daily chart already signified bullishness but it was needed to analyze the 15min time frame in case of a false signal.
Bullish Signals
-Bullish Daily Time frame
-VSLRT(More buy volume than sell volume)
-Stupid Willy(Willaims %R going up + Bullish momentum)
Price Targets
-1st 120
-2nd 123
Weekly Watchlist 11 September [Crypto]In this video I break down my weekly crypto watchlist. I have 12 names for you guys this week, most of which have pulled back into potential support zones. I see these as buy opportunities as long as bitcoin and ethereum manage to hold up. Please note that these are just my opinions, not financial advice. If you enjoyed this please like and follow :) Good Luck!
My Watchlist:
www.tradingview.com
BA may deviate form trend as it has done in the pastBA looking to leave March lows uptrend temporarily much like it has in the past (as you can see in chart provided).
Any dips should put buyers in a good position to rocket to $300+. I have been watching BA since $140. Potential supports are at the $180/200 level. 210 (closing price), 205, 200, 190, 180 are other support levels.
Cup and handle as well.
Vaccines should take care of delta variants.
None of this is financial advice. Do not take any of this as financial advice. This is for entertainment and personal case study purposes only. This is not financial advice.
DOW JONES - Bounce off the Trendline support, POC and .618 NextStraightforward analysis on the US30 using fib pull , fixed range to demonstrate how respected this PA is to these levels pulled .
Market structure still in tact and expecting PA to either tap the POC and marked level and continue the trend .
Like and Follow for regular analysis
ADA/USD: Bought in the Dip!!!I buy Cardano spot contract as I use this Fibonacci analyze with confluence that in this level $2.40 USD it's show us a good support.
Cardano formed a bearish rising wedge in the higher zone between $2.90-$3.10 USD, And today, Cardano drop over 22%, that was incredible voaltile movement what Cardano do.
Now, I look that I mark Fibonacci retrocement from $1.24 USD to $3.10 USD and show us that make support in the 0.382% of Fibonacci meanwhile I mark another fibonacci retracement in H8 timeframe from $1.86 USD to $3.10 USD and we look that make support in the 0.618% of Fibonacci.
Now, I buy Cardano in the dip to hold this position toward $4 dollar. Now, I see that this it's a confluence what Fibonacci make. I put in long position in ADA buying in the DIP.
$C looking like a good buy here.$C has been getting beat down like all the other banks have over the last week or two and I think its time they bounce. Chart shows a decent support around $67.67 and we have Fed Bank Stress Test Results coming up on JUNE 24th which would allow for banks to increase / reintroduce dividends and also start stock buybacks again if they are cleared. I think this could be a big bullish move for banks and the R/R for me is looking nice. RSI also beat down heavily on the daily timeframe and $C doesn't stay oversold for long without a bounce.
I ENTERED 9/17/2021 $82.5 Calls today for 0.45 to be transparent with everyone. I want to see this thing back up towards $80 but I will be scaling out profits on the way up and my stops are tight under $67.67 until I make my contracts free then I will let them run.
FEEL FREE TO ENTER CLOSER TO THE MONEY AND SET UP YOUR OWN TRADE PLAN FOR THIS IF YOU LIKE IT.
SL: Under $67.67
REMEMBER NEVER ALL IN YOLO ON TRADES AND NEVER JUST HOLD AND HOPE SOMETHING WORKS OUT! HAVE A PLAN, TRADE YOUR PLAN, AND IF IT DOESN'T WORK MOVE TO THE NEXT TRADE AND FIND WHAT YOU CAN DO BETTER. TRADING IS A LONG GAME AND NOT JUST A GET RICH QUICK SCHEME.
THIS IS NOT FINANCIAL ADVICE AND I AM ONLY SHARING WHAT I AM DOING AND MY IDEAS!
The best opportunity of the year to buy AVAX is almost hereWith bitcoin failing to sustain its support all altcoins have a downtrend momentum. One of the biggest opportunities for high ROI and somewhat of low risk comes in the form AVAX.
Overall AVAX has outperform must of their peers. Also, over the year Avalanche has achieved many goals and they have more to come in the near and far future.
It is a really young blockchain with great potential of becoming a key player in the next 20 years. Moreover, they have a solid and strong community that is constantly growing and compering to december 2020 they have 6x the number of followers in twitter and 10x the number of members in reddit.
In the coming days we will have the best prices to buy AVA. After the accumulation face it will return to its ath and by the end of the cycle we will see an even higher price.
Hope you find this helpful
About buying the dipLessons learned about buying the dip:
1. Your support line is NOT a dip
2. Your EMA is NOT your dip
3. Your fancy-powerful-best indicator is NOT a dip
A real DIP is when volumes goes down, prices start to go up 3 days in a row and there is more green performance % than red.
The yellow areas are just fake outs!
DOT ready to bearishDear ladies and gentleman, I am here to inform you that DOT is going to be bearish for the next month or two. I know everyone here wants to see the charts go only in one direction and that direction is not down. Let's take a look to this chart and see where our selling zone is. it does not matter if you bought DOT at a higher price than the one in the selling zone, we will still be able to make loads of DOT during the bearish phase. Before we start talking about how to make more DOT I would like to let you know that there is still a low chance for the market to turn back bullish if BTC is going to break through the next resistance level (check my BTC post). But we do not have to care about the best scenario, we have to care about the worst scenario that could hit us during the next months. That "worst" scenario would push our coins up and down for months and our coins would be stuck there in a point we cannot reach due the high loosing %. But think about it, if we sell when the next peak comes we would be able to buy back even more coins when the next dip appears making some good profit during this up and down phase.
What are my plans? Make an incredible profit out of my BTC and my altcoins. How? Following the market and not pretending that the market has to follow me.