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Fomo

Gold Testing Short-Term Support, Hedge Against FOMOWhile the rest of the market ran bullish at the end of the previous week, Gold dipped negative, crossing below the 30-day and 50-day moving averages. Prices are currently trading horizontally in the short term with $16 being a support level that has not been broken, despite several tests since mid April. Low MACD amplitude swings also correlate to a near-term horizontal move as opposed to any breakthroughs, contrary to many other bullish equities. Further, the volume at the latter half of last week did not see a significantly large increase, also contrary to the FOMO activities of the rest of the market. These realities may correlate to investors of Gold being more interested in a longer term safe haven as opposed to short term swing trading. Go long at the current support level either as a hedge against a potential market correction or purchase medium term call options as a bet on a steady average rise in Gold prices.
AMEX:IAULong
by ConfederateTrader
2
NASDAQ TECH FLEXNDAQ is having a bit of an electric surge and could push ATH (all time highs) amid the pandemic playing out. Tech for the win it seems during times of uncertainty to save the day. Bears are getting a bit of a slaughtering here as many are turning to and being more reliant on technology than ever before. A forethought is that smart money in other US markets will leave these stagnate companies to flow into high tech tech firms, due to FOMO thus NASDAQ will hit ALL TIME HIGHS. Keep in mind that this also makes the economy look stronger yet soo many more are staggery than ever before since the start of 2020 due to the flow on effects of covid and the recession that no one is clearly speaking about that’s been teeter totting since mid last year. (You can’t polish a turd)
NASDAQ:NDAQ
by LandenInternational
I have a rule, don't trade Mondays. But I see this....From my education in forex, I have learnt from multiple people that Monday can be a manipulated day in the industry caused by, big hedge funds and banks. I always allow to have Saturday off, come to the charts on Sunday, and begin a week ahead analysis and today would have been a 'perfect' day to trade in, but I stuck by my rules and I'm now having to overcome FOMO (fear of missing out). However, there will be better days and there will be more opportunities in the future. I've only started trading from he start of the year, and I feel I've already learnt a hell of a lot. I just can't wait to see what the rest of 2020 has to bring.
Long
by danieljamesfx
2
SPX: Bearish Butterfly Pattern Completing 3KDetails in chart. Huge FOMO rush to pile back in left a monster gap to fill 90 pips below. Another big gap at 2538.2 never filled. It will fill... Time cycles projected above, top-to-top time is ~ biweekly, 3-4 up days, 2-3 down days, 3-4 up days, ~ nine sessions. Trading >2SD above 20DMA, green line. This has been the magnet drawing price reversion to mean. Price will tag 20DMA! NB: 20DMA rests exactly at the gap from 2864...! Time cycle and price action suggests completion of the 'W' in Bearish Butterfly on or about 21 May, topping right at 3k. Rollover to a higher low IMO, target 2538 in early June. Time on target won't last long IMO, probably rest at higher low, double bottom for a few minutes and start another bullish move. Hope > Greed > Fear atm...! This is just an idea, not trading advice; trade at your own risk, GLTA!
TVC:SPXShort
by DaddySawbucks
26
GrubHub ($GRUB): Uber Wants To Buy This, But Do We?✨ New charts every day ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- Grubhub’s stock spiked today by almost 40% due to Uber’s offer to buy Grubhub. That offer is bullish, but the reality is Uber and GrubHub haven’t agreed on a price yet. It is very likely the market won’t be deciding the price based on FOMO, and instead Uber and GrubHub will decide a price based on other metrics. Since it is doubful Uber will overpay, it is prudent to look at resistance levels assuming GrubHub beings trading again. Resources: www.cnbc.com --- 1. Fractal Trend is showing a downtrend (Maroon bar color) on the 4 hour chart. 2. With this strategy, we we want to enter short on bearish order blocks plotted by Orderblock Mapping (Maroon) and bearish S/R levels plotted by Directional Bias (Maroon). 3. Since the overall trend is down, the play here is to see how tomorrows open is and consider a short if price is rejected at R1 intraday. With this chart we potentially won’t have much time to make any play before Uber and GrubHub come to a deal and shares stop trading. The goal here is to get a quick short in before the deal goes through. Otherwise, the point of this chart is to just point out potential resistance and support levels if trading keeps up. Whatever you do, you don’t want to be paying more for GRUB than Uber does.
G
by AlphaBotSystem
3
BTCUSD Double Top Resistance|Structural Support| No Man’s Land Evening Trader’s Today’s Technical Analysis – BTCUSD – entering a new range by breaching structural resistance, a trade will only be valid with a retest of structural support (long) and or break (short) with a bearish retest. Points to consider, - Strong bull trend - Retest of High time frame structure - RSI overbought - Stochastics momentum up - Strong bull nodes BTCUSD’s trend is extremely bullish breaking multiple structural resistances with the next cluster of support being situated at around $9450 - $9650 (HTF Support). A retest of the high time frame support is probable for a confirmation of an S/R flip Break and failure of structural support will increase the likelihood of testing the next trade location at $8500 (local support), for a confirmation, a bearish retest will be probable. The RSI is trading at overbought conditions, due to the bullish nature of the trend; the RSI can and has reached the 80 level as a pivot. Stochastics is trading in the upper regions with no clear sell cross, momentum is stored for the bears if a trend reversal is confirmed. The volume is quite solid, consecutive bull nodes above average; a climax that engulfs all previous nodes will mark the temporary top. Overall, in my opinion, the higher time frames are extremely over extended; a correction will only be healthy. BTCUSD may trend to test the double top resistance before correcting and confirming the S/R flip. A short position will only be valid if a breach of structural support occurs with a bearish retest as entry. What are your thoughts? Please leave a like and comment, And remember, “Don't ever make the mistake of believing that market success has to come to you fast. Trade small, stay in the game, persist, and eventually, you'll reach a satisfying level of proficiency.” ― Yvan Byeajee
BYBIT:BTCUSD.P
by AzizKhanZamani
Don't FOMO here on LTC (Some words of advice.)I'm going to give you a few words of wisdom, so pay attention. Don't FOMO Buy. We've been seeing massive moves over the last few days and it's impossible not to feel left out. But don't suddenly start trading positions that will give you +30% or +40% gains. If you want to still be around in the long run, if you consider yourself a serious trader, keep scalping those simple and clean trades. I present a 8.5% long opportunity here on Litecoin. I'd say it is already on the high side. We see a nice bounce here on the $51 level that we can connect with resistance we've seen in early March. The resistance we had from early April is now turning into support through the S/R flip. We have all the ingredients for a nice long trade here. The markets are bullish, and this is a very healthy retracement. This could be a great moment to enter a position on LTC. Stay safe everyone. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only! Recent success stories
COINBASE:LTCUSDLong
by Trading-Guru
7
Still bull trap!The FOMO has been done, as expected. It's still a rebounce of Oversold. Just a bigger bounce. The bull won't coming like this. 5000 btc still has a chance. Even lower. The underline has rebounced twice already, and I don't think the third time will hold. The bull always come after depression. Has anyone lost hope of bitcoin now? No! So stop dreaming, short the market. PS, the pump power decreased obviously, anything could happen this year. The unbelievable pump happened , the depression is not far away.
BITFINEX:BTCUSDShort
by Une_Anunaki
BTC/USDT What will happen on 21 Apr ?BINANCE:BTC/USDT What will happen on 21 Apr ? Long to 8.2k breaking 1D MA 200 ? Short to 6.2k remaining under 1D MA 200 ? Buy & hold : FUD/FOMO intensifies ? Breaking above 8.2k and remaining at this price for one month would attract investors for the halving incoming Remaining at 6.2k would mean that BTC is becoming a stablecoin (and attract more investors ? ^^) Buy & hold : BVOL increasing and go back to 4.5k ? Nobody is able to predict the future.
by Nugacity_Fracedinous
S&P500: bull trap?Technically speaking, yesterday S&P500 closed with a shooting star candlestick pattern on daily chart, which was a warning signal for bulls... ...today the market continues going higher and it might produce better price to short the equity market. The COVID-19 pandemic is still out there killing people and lot's of industries (e.g. airlines, hotels or cruise lines, etc.) are not working properly... ...companies cut dividends, while people loose their jobs (more than 6,6 million initial jobless claims in US came out last week). If you ask me, whether I think the price formed on 23rd of March this year (around 2200) is the bottom for the equity market, my answer would be: definitely not. What's happening now, seems to me more like "FOMO correction" move, rather than "V" shape economic recovery. Hopefully I am wrong, but in one thing I am pretty sure: "building - is not breaking"... ...so joining bears from around 2780-2800 price zone seems logical for me. Keep in mind, that it's important to follow predefined goal and rules when trading. // I would very much appreciate if you support my work by hitting like .) Feel free to share your opinion/position via comment and follow me to stay updated
OANDA:SPX500USDShort
by GIgor_021
14
SPY - EGO and FOMO trading now?Do you want to trade the AMEX:SPY market, because you feel that we found the bottom? Every trader can see some TA pattern in the market to find the "proof". But what about our EGO? Trying to catch the bottom is like trying to catch a knife. It's very hard and it hurts. I will show you, what we do with our portfolio and what we expect from the markets in the next few days. I don't draw a lot of patterns to show all possible scenarios. Common sense is what we should use now and what you will see in the video. Good trading guys! FINEIGHT team
AMEX:SPY
by Fineight