Ezmoney
BTC big picture playbookDear Patrons,
BTC made an incredible bounce from the double bottom back to the 19000 level. I think that its out of juice for now and will retest the bottom support line. If you have the will, you can always short this and set up a tight stop loss and try to ride it down.
Good luck trading, currently took profits from my double bottom and this is my next move!
Best of luck trading.
Some men fall but they can get up, but when a leaf falls, it gets stepped on.
Thefallingleaf.
014. PIGGISH PLAY - Short Peloton on the OpenWow, nice earnings report PTON. Not. Bad. At. All.
Here's why it's a perfect storm for a short setup tomorrow, assuming it gaps up above 94:
- Gap up above a huge shooting star daily candle ---> gap will close due to massive overhead resistance
- It's Friday and the market is looking like it wants to dump in a serious way
- 100 dollar/share psychological target is a perfect lure for longs
- A clear path downward to sub-90
- If Amazon can rip down after a 10x ER post, I believe PTON can do the same after posting results that pale in comparison
This play is a short-short; meaning that I plan on opening it and closing it tomorrow, using puts that expire tomorrow with a strike at the opening price.
- Health-Conscious, But Not Stupid, Pig
NASDAQ:PTON
$XZC #Zcoin Long into September Halving Part 2Some basic fundamentals / events = 1) Zcash's laggard brother 2) September halving
Technicals:
4hrly accumulation range. 4th attempt in breaking out of a significant resistance. 3rd attempt had a huge buy volume spike. Bullish.
1 day accumulation range.
3 day range.
2 targets $8.20 & $13 ( Being very optimistic here)
As long as Bitcoin or majors don't take a huge dump,
6 months till #ZCASH halving. Leaning BULLISH. I see a similar bottoming/accumulation structure as the big dump since genesis and huge mark up phase after.
Only difference is a longer time frame needed to leave this current huge range.
Current structure
I esp like the volume spikes early this year. Usually very early signs of bullishness.
2016/2017 bottoming structure
I believe anywhere from sub $20 to $50+ range is a strong buy. Please do note that this is a high risk play based on the current COVID-19 situation.
A price drop in any situation below $21/22 range will be worrying & I will consider getting out of the whole position.
I'm not gonna throw in any price targets yet, but you should know that Zcash is the leading privacy coin of the whole cryptospace. It's halving is not to be missed.
$ZEC #Zcash LONGZECUSD not looking that hot, but this might be the short term potential bottom for ZECBTC.
$TRX #TRON Resistance flipped support potentialTRX forming a downwards pointing wedge near a decision zone.
Recently resistance turned support. Leaning bullish on this.
TRXUSDT also at a crucial zone here. Also leaning bullish.
MR JUNSTIN SUN, DO SOMETHING!!!
$THETA past fractalsNot much descriptions needed. Strong FA. Similar bottoming phase/accumulation as the previous time. Current time frame is longer than the previous.
*There is a drop in price before the rise in the previous phase*. If price clears and holds above 1134, you know it's the start to something huge.
Farewell $LINK marinesEach time price closed above bollinger bands results in a massive dump, with BTC about to make a move soon, link marines about to be rekt.
Over-extended waves up are the best to short.
$ZECUSD Reversal in due? Asc. triangle after downtrendPrice has dropped from $120++ to a low of $47++ since YCash fork event ( almost 61% decrease in USD value )/ based on Bitfinex chart.
$47 has been a strong support for the whole of 2018 and have proved temporary why this is such a significant support.
Price is currently in an ascending triangle formation since the steep downtrend since $120+. I would not be surprised if this is the bottom where accumulation $ZEC for the long term is a no brainer. However, this is highly dependent on $BTC's movements. $BTC CANNOT fall below $9.4k in order for $ZECUSD's reversal. If $BTC goes full bear, $40/$34 are the next support regions.
I will be scaling into my $ZEC long relatively soon. If $ZECUSD breaks down to $49.64 again (break down from asc triangle structure ), I will be cautious.
$ETC Long ( Sept hard fork ) $ETC bounced off the support of the previous ascending triangle structure. Currently making higher lows ( 4hr TF ) in a symm triangle.
Atlantis hard fork on Sept 17th.
$ZEC #Zcash SHORT. This is not the bottom.No descriptions needed. Descending triangle. Price broke down, retested the support.
FYI you are able to short ZEC on huobi. I've been a ZEC bull for the year, but not now. Still long-term bullish nonetheless.
$ADA #Cardano BTC pairing break out of accumulation phaseNot much descriptions needed. Do note ADAUSD still in the middle of nowhere. I would prefer taking this long on ADABTC if ADAUSD is showing clear signs of reversal.
Still quite a risky trade I must say, very 50/50ish. However ADABTC def looking more positive. This is the retest of the accumulation phase support.
$LTC #Litecoin USD reversal Looking at all the analysis shorting LTC.
LMFAO. Imagine shorting $LTC before the halving. Imagine shorting LTC after a 47.4% drop from the local highs. These guys aren't very smart.
