ETF
MTUM Bullish!Good morning traders, today I have a chart and technical analysis of our favorite ETF, $MTUM!
I would like to preface this by stating all green lines represent supports as well as al red lines represent resistances
MTUM has had quite the significant first half of 2021, and I believe due to the following that we are in for more.
Recently, at the beginning of August, we broke from a several month long Ascending Triangle Pattern and retested our support this recent week, solidifying our breakout
The bottom-most parallel channel in green is our major support line, formed after the March '20 crash last year, and with MTUM being so near that support, I can't see any currently plotted resistances holding very long. Bulls are in full control it seems
We're seeing a bullish divergence on the MACD, unfortunately our RSI is looking to head into overbought territory, however I don't think this will effect us for long, as we're close to a resistance line
The Afghanistan Crisis caused a drop in the overall markets this prior week, and MTUM found support by the 50MA and rebounded swiftly.
Currently, we've formed into a short term ascending channel, I believe we'll break to the lower side of this and bounce off of our closest support and ride it until our major parallel channel support before taking off to new heights!
Best of luck, happy trading!
Spence
My Golden Rules - using XTZ for Analysis ExampleTimeframes I use 5min for this but unable to publish at those lower timeframes but I've found an example recently where the rules lined up on 15m timeframe.
Step 1 - 2x MTF EMA (one set at 60min with 50EMA and the other set at 15min with 50EMA) The 15min must be above the 60min for a LONG
Step 2 - Looking for Lower Lows on the chart
Step 3 - MACD making a Higher Low below the ZERO line matching with the charts Lower Lows. The line should not cross the zero line between these two points
Step 4 - Check Stoch RSI at at min. 1 HR time frame (looking between 0 -20) and on uptrend
Step 5 - On first green candle (circled) to upside on MACD is the purchase zone. In this example it is shortly before the break of the downward trendline. Also possible to wait for break of line and buy on retest.
Step 6 - Set SL below the support line no more than 2%. Set profit target - usually take 3:1 R:R
Step 7 - Sit back and watch those nice green candles climb!
Can easily get stuck in charts at the lower time frames so be sure to always ZOOM OUT to 1hr / 4hr to get a better overall picture. Some Simple Gap Analysis can help to confirm the next general direction
Took me a month of gamble trading winners and losers to come up with this set of Golden Rules.
Don't forget Bolinger Bands! great for 1% snipes :)
Good Luck
IWM: Strong Rebound A strong dip and rebound at the strong support line for Russell 200 small caps etf at $211, price actions shows positive bounce to potential $224. At least 4/5 rebounds happened at this demand support zone.
However make sure that it doesn't break the strong support at $211. Or else upside is bound to happened.
SPY Will Go Up! Buy!
Hello,Traders!
SPY which is an ETF on S&P500 Index Futures
Is trading in an uptrend in a rising channel
And the price is close to retesting the support
From where I am expecting a rebound
And a move up to retest the All-Time-High
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
The Safest Way to Short The Stock MarketIn this video we explain Inverse ETFs as a tool to gain short exposure to the stock market. These can be used as a tool to profit directly from market or as a hedge to protect your stock portfolio in times of market volatility.
Let us know your thoughts in the comments below! Have you ever invested using one of these ETFs?
ARK Innovation ETF Fund Can Breakout To The UpsideTraders, There is a lot of media ta the moment talking about Cathie Wood's ARKK ETF reportedly seeing record short interest as investors turn against the fund. However if you look at the charts, they tell you a little different story. In fact of the short positions story is correct, we might see a short squeeze.
The price is right at the breakout point and from this level, it can move to much levels in the fcp zone. So watch the current levels and look for indications on the chart.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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Take care and trade well
-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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10Set LONG The Bridge Between Crypto & Stock MarketTenset is an aggressively Deflationary Token with Smart Staking System! You can get this coin on pancakeswap or uniswap or gatevio and more. This has the same staking feature as Rex-Token.com. Staking 10set works via the RFI mechanism. There is no need to freeze tokens or store them in any special wallets. Staking works for everyone, always. This generates passive income, keeps some tokens out of circulation and encourages HODLing. Their Smart Contract adds 2% fee to each transaction and splits it:
- 1% fee is proportionally divided to all 10set users, which incentivises HODLing.
- 1% is automatically BURNED, which reduces the overall 10sets circulation.\
Each token is backed by a collection of cryptocurrencies, and later shares, generating passive income through staking, loans or depositing.
A part of company's profits is used to buy back 10set tokens from exchanges. Those tokens are burnt, which boosts its price and creates deflation.
The live Tenset price today is $2.25 USD with a 24-hour trading volume of $1,788,814 USD. Tenset is up 6.35% in the last 24 hours. The current CoinMarketCap ranking is #2775, with a live market cap of not available. The circulating supply is not available and a max. supply of 210,000,000 10SET coins.If you would like to know where to buy Tenset, the top exchanges for trading in Tenset are currently Gate.io, ZT, Uniswap (V2), 1inch Exchange, and Decoin. You can find others listed on our crypto exchanges page. 10set token has been launched in January 2021, using Ethereum erc20 protocol. It's a new generation ETF2.0 deflationary token with a smart staking system, that bridges cryptocurrencies with the stock market. Tenset adds a 2% transaction fee to every transfer.
Half of the fee is burned creating a deflationary effect and another half is automatically distributed to all token holders. No need to freeze it or hold it in any special wallet. Tenset is an emerging blockchain project that acts as a bridge between the traditional financial market and cryptocurrencies. Tenset (10SET) is taking advantage of our unique position in time as we enter a fourth industrial revolution, as they describe. New technologies, like blockchain, DeFi, and the internet of things, are all becoming attractive to enterprises that wish to be the first-movers to provide their customers unique solutions. However, it often takes a long time to iron out the issues, like government regulation. Tenset acts to speed up the adoption of blockchain and crypto by bridging traditional finance with the new technology. They are seeking to provide blockchain benefits to companies, like Visa and Oracle, that are already well established in the traditional world. The 10SET token also acts as a deflationary coin that will provide users with more value over time. It uses a portion of every transaction fee to reward users with more tokens that are directly sent to their wallets. The project was founded by the current CEO, Jonasz Miara, a blockchain entrepreneur and avid investor since 2014. The core team is also all doxxed and visible on the team page of the website. The growing team has developers, sales personnel, and legal compliance personnel helping the project expand and support more users.
Tenset was launched in the first quarter of 2021 and is in the beginning stages of an ambitious roadmap that aims to end the year with loan offerings, automated stock market dividends, and promotion of the project to more institutional investors. The 10SET token’s price grew from $0.70 (price during the launch) to over $6.00 at its all-time high (ATH) before the crypto slump in late May 2021. It now has a current price that is hovering around the $2.00 mark. It is unclear how much the token will grow in terms of price and value, but its deflationary mechanism will likely drive the price up quickly. 10SET token is gaining more popularity, considering it launched at the beginning of this year. A number of factors, including the total supply of tokens, community strength, and the team’s ability to achieve goals laid out in the roadmap, will contribute towards the upward or downward movement of 10SET’s price. Tenset is a fairly unique project that has both problem-solving implications as well as attributes commonly seen in value-building cryptos. The token acts to provide more incentives for investors to hold it, by giving them opportunities to stake and earn rewards just by holding it in a wallet. The smart contracts built into the Tenset network add a 2% fee to every transaction.
GLOBAL CRYPTOCURRENCY STOCKS Here is a list of stocks inside the S&P 500 & NASDAQ and other countries tied to Cryptocurrency so when you think blockchain technologies / currencies have no future think again!
(if I missed any in this list tell me)
NASDAQ:COIN
NASDAQ:RIOT
NASDAQ:HVBT
NASDAQ:BKCH
OTC:ARBKF
OTC:DMGGF
TSXV:HIVE
TSXV:DMGI
LSE:ARB
EURONEXT:ALTBG
CSE:GBLC
NEO:HIVE
OTC:RKFL
OMXSTO:AVA_BLOCKCHAIN_TRACKER
OTC:REGRF
SWB:BYA1
OTC:APLD
OTC:BLFDF
OTC:COBCF
OTC:WEBB
OTC:EVBC
OTC:UBIA
NASDAQ:MSTR
NASDAQ:HUT
TSX:HUT
NEO:HUT
BMV:RIOT
SWB:AP4N OTC:BBLC
FWB:AP4N
BER:AP4N
MUN:AP4N
FRED:CBBTCUSD
AMEX:RIGZ
OTC:BKKCF
OTC:GBTC
OTC:ETHE
OTC:LTCN
OTC:BCHG
OTC:ETCG
OTC:GDLC
TVC:SPX
AMEX:SPY
NASDAQ:NDAQ
TVC:NDX
COINBASE:BTCUSD
COINBASE:ETHUSD
BNKS ETF BEARISH topping patternOverall technical elements look toppy on US BNKS.
A head and shoulder pattern has emerged and RSI remains sluggish below 50%.
However, we are seeing a mid-term wedge/range develop - with some minor RSI divergences emerging. Short-term bounce risk.
Suggest to sell any rebounds into the zones closer to highlighted resistances in purple.
MACRO => Given the flattening in the US yield curve - it makes fundamental sense for US banks to struggle as their margins will get squeezed.
" Man, I'm Pretty "“Now remember, I do my best work when I’m being worshiped as a god.” — Johnny Bravo.
Bitcoin king of crypto - doing it's best work, like the one man army it is!
Although it's as clear as day, crypto is here to stay - we have to be willing to see some wood through the trees. Every now and again, we need a pullback. I have written several articles around the "buying the dip" logic for a pullback, why people get into crypto and of course - a ton of educational content here around Elliott and Wyckoff. See related ideas below;
“So enough about me, let’s talk more about me.” — Johnny Bravo
You have to see the logic here and understand - that the market is taking a well earned rest, it will continue. However, you also need to appreciate the Composite man concept, is going to make life difficult for retail traders.
"Wanna see me comb my hair, really fast?” — Johnny Bravo
When working with Elliott waves - it's an obvious move here, confirmed with tools such as Weis wave to give clarity of times on such moves. Take a look at this in the image above. It's there and obvious.
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When the drop came - people where shocked, it really can't just go up forever and a day.
If you go back and analyse the Wyckoff structure - you will notice the Buyers climax linked to the sharp drop off in the Blockfi positions.
“Hey, Baby! Anybody ever tell you I have beautiful eyes?” — Johnny Bravo
You need to look at the bigger picture, the much bigger picture.
To the moon!!!
I wasn't actually meaning just the moon calls - I was meaning, the psychology for the drop, the reload and the go again scenario.
So although your all here waiting for Lambo's...
You will see that composite man want's nothing more than to take your money, he knows how to play the game and is busy playing it.
You might feel bored at the moment, jumping on every little move!
“I may be late honey, but I’m looking good.” — Johnny Bravo
So take a step back, wait for the market to give the confirmation.
“This won’t end well.” — Johnny Bravo - not for many retail traders, that is for sure!
So have a great weekend! Trade safe!!!
“Thank you, thank you very much.” — Johnny Bravo
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
ETF - Go Long on South Korea! $EWY The ETF on ASX is $IKO South Korea, iShare MSCI South Korea.
This ETF tracks $EWY in the US Market.
I like this wedge chart pattern here, we are still trading sideways since the start of the year.
A breakout is coming,
currently, the price is still above all three moving averages, (21,50,200).
Therefore, it is more likely to break out into the upside.
Buy on a breakout and close above $94.75.
VEMT Weekly - Nice follow through We identified a bullish weekly candle in early march and started to average into the portfolios. This combined with bullish RSI divergence from oversold indicators has played out well so far (combined with some nice dividends in the interim). They are also acting as a nice hedge as I had hoped. Looking for 39 to start banking some profits
VAPX Daily - Still technically looking "okay"Technically the ETF is still consolidating within a continuation rectangle between 22 and 23.50 = bullish for holders. I will only look to cut my holdings below 22. One can look to add above 23.50, or wait for bottom of the rectangle hoping the support will hold? or potentially we also see a bounce here off the bottom of the channel. I am happy to continue holding for now.