The Dip keeps Deeping in the crypto-oceanBuying the dip can be a very risky strategy, causing an increased risk to the trader if he averaged down.
You can never know how DEEP the dip can keep dipping, and you might enter into a TRAP.
I always recommend traders to enter with momentum and exit when the momentum is starting to reverse.
This is what many legendary traders like :
Jesse Livermore and Nicolas Darvas and Richard Wyckoff meant when they said: "Let the market tell you what to do, the market is always right"
Hope this will help some young traders develop good habits :)
Give it a like so it will be saved on your cherished pearls of market wisdom.
Dipbuy
EDIT Dip BuyEDIT - Solid growth stock within the biotech industry recently beat down, currently off 62% from the highs. This one loves holding Fibs so if we see someone support at this 38 that would be a solid entry. Cathie also buying dips on this one, and with the market showing signs of strength, Huge R/R on this as Growth comes back - the company is a disruptor in the industry!
Entry at 37-39, PT 48.8, 54.7, SL under 37
BABA FINALLY presents a good long entryHi everyone, here is my chart analysis of the weekly chart of BABA. I've been patiently waiting for months and it's finally come down to a good price level for going long.
I prefer using a tighter stop here (stop loss just above $200) with our profit exit in the lower green box around 270. That means we would risk about $20 per share to make roughly $40 per share, meaning our risk to reward ratio is roughly 1 to 2.
If we want a wider stop loss (something like at $185), we can then target the final zone near $300. That would be a risk of $40 down and a profit exit of roughly $80 up, which is a similar risk to reward ratio.
I've taken a break from posting on trading view, but have still been blogging 1-2 times per week on my blog. You can find all of my past trades since I started, and my analysis and thoughts on my active trades. I've been very profitable (risk-adjusted returns) for the 4 years that I've traded. Blog url: bigfryfinancialmarkets.com
If you have any questions or want a chart reviewed, please ask in the comments below!
Thanks, and I hope you enjoyed my analysis.
-Nathan
ETHEREUM CONSOLIDATING WITH A TWO WEEK TARGET TO POPMarch 11, 2021
I shamelessly deleted my bottom ascending trend line on this ETHUSD pairing to adjust for some near-term, bullish, consolidation that is happening.
This consolidation is making the price-target higher, but pushing out the timing.
On this 4hour chart, closing candles are holding the 25day moving average, and wicking down to the 40day moving average.
I drew that squiggly green arrow for reference only, to help visualize the idea.
I doubled-down my 2X leveraged position last night during the mini consolidation "dip", decreasing my liquidation price. Feels good. I'm currently still "in-the-money".
Now looking at the 2200 - 2700, still, within the next two weeks.
Let's see how this plays out.
Hit the LIKE and leave a comment!
All the best,
Happy and safe trading,
- Cryptmando
March 11, 2021
Next dip be at 64000All 3 lines are the same and we can see a certain pattern here, only the middle one was off because of the extra money tesla pumped in causing it to dip from a higher point, but the day of when it went down is the same. I believe at 64000 we will see the next resistance and dip happening and also know which day it will even happen on March 25th will see another dip happen just before all the big events on 31march.
Starting to look for VALUE tradesStarting to look for VALUE trades
This tech sell off has provided bargain entries to names that have good story and earnings.
I trade mostly momentum and area pattern issues but some symbols are just very tempting to put an exposure on. One of which is Zillow (Z)
Thesis:
Oversold
Good Earnings report last reporting date
Current price is a huge discount vs common market target price: $200ish
Current price level is where it was from prior Earnings
Can definitely dip lower still but tranche buying seems good at this level.
Strategy: Dollar cost averaging below $135
BTC Fibonacci study and prediction - 2Quick follow up on the previous projection for the Bitcoin price action based off Fibonacci levels, patterns in time and basic wave market structures.
So far the Bitcoin price action has been following the path projected on previous idea.
At this very moment it appears to be reaching the end of the second leg inside our main leg down towards the ~40k area forming a head and shoulders pattern.
This is projected to be reaching the max bottom by Monday - Tuesday at which point it will be blast off to the moon until mid April-ish.
I expect my price targets on BTC related stocks to hit before bottom and plan to take action before the 44k area to ensure my entries.
I'm looking to average down in MARA entry levels near 20 and ARBKF 2.5.
If this does happen it will also be a great time to buy April / June call options at an incredible price.
These resistance levels and waves are good guides but the actual events are unpredictable,
so make sure to average in your positions and take advantage of these delicious dips!
Small stop back to earth then blastoff to the moon, see you there!
Another Dip! $PSACFaraday Future is one of the few stocks that can compete w/ Tesla in regards to technology. Right now, market is bleeding and this is a decent dip opportunity. That said, please do your own due diligence and invest at your own risk. Everything I say is on an opinion based basis.
Bullish on TDOCTELADOC is looking good after the companys stock crash 30%. TDOC is slightly under the 200 SMA. Also, RSI and MACD are showing overbought momentum meaning a great short to long-term trade. I think we will see a bounce back as the stock has still a wonderful future with a lot of growth and imagination to make new tops.
Bitcoin Cash it's could to move toward the $1,800 USD soon!!!In weekly timeframe, we see that we have a good opportunity to bought Bitcoin Cash at the market price. I believe that this dip it's a good opportunity to bought and I bought right now as the same Ethereum that the price it's above of $1,700 USD, and I re-bought Ethereum in the lower price at $1,500 USD.
Now, we see that Bitcoin Cash it's make lower higher follow this key support line that indicate that Ethereum make lower higher in the trend and the trend it's more bullish than in the past.
For that, I invite you to don't missing this opportunity to trade and bought Bitcoin Cash!!! I bought 1 BCH to prove it and my SL it's in the $340 USD and my target will be the $1,800 USD
Ethereum it's recovery again of the dip!!!As we see yesterday that Ethereum so go to down. The rest of crypcourrency included Bitcoin drop yesterday. Now. we are in the best zone to bought Ethereum that was $1,500 USD, that was my price what I put a buy order limit and was activated yesterday at night.
So, this it's so psycological when I see just a correction that continue up, not down.
So, if you buy in the dip, at least very good decision.
Now, looking in the weekly chart, we're so bullish in Ethereum and my next objective it's the $3,000 USD