Dipbuying
THE LAST STOP BEFORE BEARS MARKET! 🧐🏁🏁 CAUTION CANDLEWICK!Hello everyone,
Today I present you the last shopping zone, which will be a great opportunity to load your wallets.
The zone is between $ 32k and $ 28k. Possible presence of quick candlewicks.
Of course, they will delete the remains of people from the street who bet with a large lever without thinking about the risk associated with it.
After the situation has calmed down, I predict increases for new ATH. However, if the day candle closes below the buying line (FIB 0.618), entering LONG's will be a bad idea.
We will then start a potential BEAR MARKET.
I compared the declines to the time the news came out that a "pandemic" had started. Then we could observe declines on the crypto and traditional markets (in this case I was following the NASDAQ INDEX). Looking at the chart, I can see that today's movements are similar to those of March 12, 2020.
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Greetings!
#MSFT perfect dip buying opportunity Microsoft as you see in the chart was clearly affected by the wild week we had of trading this past week but it has presented us with a perfect dip buy opportunity if you notice the last candle in the chart has a super long wick on the bottom side showing us that although sellers are in control buyers are rejecting lower prices plus we also are getting a nice bounce off the cloud ema. Part of this dip has to do with the pull back the market had but also the CEO selling a significant amount of shares but either way i still see #MSFT having a 4 in the front of it in the near future.
BTC/USDT Finding the Dip?BTC was on an uptrend since the end of July 2021 after the massive correction between May-July. We can see BTC was very bullish with continuous green candles in the weekly chart until we hit 53k. Since that BTC started to correct. As lots of experts predicted this happen in September.
At the moment BTC broke the 42k Local support and trading below. if we refer to Demand Index it is still positive and we can see a downtrend making LH and LL (Demand Index). This indicates that Bears is in control at the moment bring the buying pressure lower.
So how low we can go?
1. Well we need a big green spike on the Volume indicator to reverse the trend and we haven't seen one since mid-August.
2. If we draw Fibonacci on weekly chat we can see the 50% correction 41k and we touched 40k. If we lose this support then the next stop is the 61.8% at 38k. Worst-case scenario next stop at 34k (78.6%)
This is a prediction purely based on technical and I'm ignoring all the FUD news.
In my opinion, 38k is the area where Whales are loading their cash and waiting to BUY. Only if the Bulls lose the battle at 41-42k.
The best strategy is to do Dollar Cost Average from 42k to 38k and accumulate much as we can. Because If we hit 38k or below then we will see a huge bullish spike in volume that will liquidate major bears and create a domino effect. This means BTC could pump from 38k (or 34k) to 48k in a short period.
This is not financial advice, please DYOR and maintain proper Risk Management strategy
MLCO Dip Buy MLCO has been trading very emotionally during COVID 19 and has bounced between support and resistance nicely. As we approach potential for vaccine and retail preforms this company could continue to post higher revenues as it recovers from Covid-19. After the earnings beat the stock jumped and saw prompt selling and price has pushed back down to the Gap/Imbalance from Sept. 13. My personal belief is that buyers are creating liquidity for a strong move. Considering the bounce in Airlines and Cruisers, there is a fair chance that MLCO holds support and tries for some of the unaccounted for areas from February once election uncertainty is cleared up. My target price for MLCO is 20.56 by Febuary 1 2021
Dip opportunity due to Apple warning on revenue guidance Apple just warned on revenue guidance for 2nd qtr 2020. They warned they will miss the revenue due to coronavirus.
No doubt tomorrow, we will see a drop.
Level 1: It will drop to $307 to $310 range
Level 2: it will drop to $295 to $298 range
Level 3: it will drop to $280 to $290 range
Based on what happened January 2nd 2019, it dropped about 9%, which would bring current price to around $296 range (level 2 drop).
But what we have seen many times with Apple, is that after the drop, the next day is a nice recovery.
Wait until end of the day to possible bottom out.
Breakout, flaging, retest buy opportunityAGRX - Agile Therapeutics, Inc.
The biotech/heathcare hedge fun PERCEPTIVE ADVISORS LLC has been increasing their stake in the company and currently owns 11,919,925 shares and that ranks AGRX the 34 largest holding.
TWIRLA - 30 October Advisory committee meeting voted 14-1 in favor
PDUFA is due the 16 FEB
AGRX will Present at the 38th Annual J.P. Morgan Healthcare in San Fransico the 16 January
Trading styles. Part 2/5. Buying pullbacks.Pullbacks! This has to be the best. No bias. I did have alot of success with it which might alter my judgement.
Also known as buying dips. Works well in bull markets.
The basic idea is pretty simple. Plenty of strategies and experience / common sense / ability to process information (/risk management but this should not be an issue and not worth mentionning) will make the difference, but at the core it's pretty simple.
Bull market identified? Buy dips. Period. Get out when the bull market is ending (It is very simple but also without any pity mistakes are devastating. Being in denial is ELIMINATORY. Better miss out or take small losses from time to time than sticking to some stupid bias and getting rekt over and over like parabolictrav).
Here are a few strategies examples:
* Buying a pullback to a trendline. Careful with this... Have to be intelligent here...
Also some more similar examples at the end of this idea. Crypto's alts.
* Buying fibonacci pullbacks.
Here is a 0.618 buy I made a year ago. I posted this in a multi idea 1 year ago. 1 year and a few days now. Idea is still here.
Fibonacci levels are part of my baggage but I don't use these exact numbers that much. Will talk about this in my next strategy example.
But with Bitcoin oh my! This just keeps working. Look at this.
BUT WAIT! IT DOESN'T STOP THERE!
* Using "fibonacci" area's
I just split the wave into 10 separate parts, some of them are "too hot" or "too cold". It depends on what I am trying to accomplish. Not going into details, it gets complicated, idk how to explain. This should make sense anyway.
* Other, such as buying a retest of a previous resistance as support.
*** Combining it all.
Strategies can be worked together all 4 that I mentionned, more conditions can be added, the fundamental value of a company, or macroeconomies of a country, can be analyses and these strategies are used to get in at better prices.
There are literally millions of possible strategies combining the basic stuff. And since things changes all the time there is not strategy that can be stupidly used. And also every market works differently.
A simple example would be using market cycle knowledge applied to buy pullbacks when the price is bottoming / in accumulation phase.
Example 1: The Turkish Lira downtrend (USDTRY uptrend)
Example 2: Microsoft
Exemple 3: Coca Cola
Exemple 4: Bitcoin
Of course I am showing good exemples that worked out to illustrate this. Sometimes it ends up in losses.
Sometimes (often?) having conditions means missing out, but this also means the difference between a monkey throwing darts at a target and a smart investor.
Those that cannot stick to the rules because their tender feelings got in the way "oh no I missed out a win and took a loss", are those that join the usual 90% stats.
Pareto principle applied: 80% of the success will come from 20% of the trades.
Works well in bull markets sure, but in accelerating bubbles OHHH MY!
Let me tell you about when I had some money to spare (also had debt 3 times as big as that but that's just details) and got in crypto, before I was a trader.
This is how I started and I am still doing this the most.
In 2017 I would buy some cryptocurrency on Anycoindirect.nl (because the person that talked to me about crypto was Dutch) and get it a while later, because I wasn't fully verified and every thing at first I even waited several days for my first buy.
Started with 100 euros and doubled up in 2 weeks or something. Never bought any Bitcoin, why would I? Alts were performing 10 times more. I don't think I got lucky. It was so clear this was about to explode. Once in a decade (at best) opportunity.
I wish I knew more before, would have squeezed so much more out of this illuminati pyramid scheme. I got so close too...
Had some insider info Stellar would at least *3 back in november, but was not able to buy. Stellar was a pump and dump I think.
All of the crypto's tbh.
There is not much to say, the base principle is very simple. And in bubble you really don't need to think. I just used coinmarketcap and paint and some crypto reseller.
I moved to my first exchange between the 1rst and 5 December 2017, Binance. Because it was exploding and I wanted more. I had some foundations and success from 2017.
One that I remember the most was Tron pumped and dump. Literally during the whole operation (I was not part of the P&D group I learned about it later) I bought and sold over and over plenty of times a day. Geez now if I get 3 trades a week I am happy...
I was watching it, but I missed the very bottom, because of work & sleep. I sold the absolute top give or take 2-3 cents, and walked away after that.
I can't zoom in on trading view any more :(