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USDJPY: possible buy scenario Japanese yen weakened around 1,5% against USD yesterday and i think it should continue it's trend... ...jumping in now would be fomo, so it's better to wait for better prices (which we might not get). Joining bulls from 110.65-111.05 price zone with 113.00 T/P provides decent R:R. Keep in mind that this idea might be realized in several days and opening long position in USDJPY results positive swap. // Feel free to share your opinion/position via comment and follow me to stay updated.
Long
by GIgor_021
10 Lessons from the Tesla short squeeze/FOMO rally1- Do not short one of the most shorted stocks of all times There was more than 30% of the float shorted, one of the most shorted stock ever in term of dollars or percent. So many short sellers in Wall Street. What did you think would happen? Anything above 10% is too high in my book. 2- Short squeezes can be huge, there is not level where "it has to stop going up now" Not the first time that a company rallies massively. Remember when volkswagen became the largest company in the world for a few days? Do not be stubborn. 3- Do not have "personal conviction" shorts, what I mean is don't get attached to it Classic commandment. 4- Do not short cultist stocks (unless you really know what you are doing which most of Wall Street is not) Elon Musk is a celebrity CEO that has a cult following, his cultists do not act rationally, they will hold to zero. They know nothing about investing, they do not read reports, they have cognitive bias and will make "magnet" arguments and argue with about everything no matter how clear and undeniable it is. Some of those clowns think the world is going to end and their life depends on TSLAQ I mean... No point even trying here. The brainwashed TSLAQ cult is one of the worse in human history. Know how hard it is to save people in a sect? Here it is even harder I reckon. 5- Have a tight stop (or other disposition), and trail your stop when well in the green The market can stay irrational longer than you can stay solvent. Nuff' said. 6- Think for yourself, do not follow the herd The herd... direction the slaughterhouse. I could write a list of famous quotes about thinking for yourself, being a contrarian etc. 7- Keep an eye on the news: worldwide climate alarmism Extinction Rebellion made a name for themselves, I don't know if they are new or old but only became famous recently. You had Greta, you had the Australian fires (caused by climate activists as well as a government telling farmers not to burn waste for years but to leave it lying around to make sure big wildfires happen one day). 90% of who the climate alarmist are either young scientists that have no stature yet and want grants, left wing politicians that always welcome new reason to tax people, and xtra gullible 16 yo girls that trust their bf that keep lying to them and that cannot buy stocks. There's also alot of tech savvy millenial boys with glasses I am sure every one has seen several of them on tv, they get super angry when they hear "a denier" and start attacking him "oh so when science cures you you believe in it right" and deny anything he says (oh the irony) and don't let them speak, they get so reptilian brain angry... Easy to imagine how that can translate into "investing in the savior Elon Christ" regardless of rational facts such as TSLAQ being a pyramid scheme garbage company that hasn't turned a profit in 20 years for example... 8- If you find an interesting short, keep it to yourself Tesla bears kept advertising their short to every one on earth dragging more competition in... Then it ends up being shorted by every one including novices that just heard about it... 9- Stay away from companies that have high up potential Heavy retail interest, big rallies in the past, are red flags. A stock that went up 900% 2 years ago could do it again. With Tesla, Robinbros of course bought more as it was going down, and took profit very early when the price went up, but after alot of going up they finally couldn't resist anymore, and started buying lots and lots. Thousands of Robinhood users FOMO'd in after TSLAQ crossed $700. Big vertical rallies on TSLAQ were not accompanied by large reductions in short positions. Quoting reuters: " One factor driving the rally may be fund managers hurrying to raise their allocation of the stock, said Thomas Lee, managing partner at Fundstrat Global Advisors. Some fund managers whose portfolios are benchmarked to the Russell 1000 and Russell 1000 Growth indexes may have avoided loading up on Tesla shares due to their volatility and subpar performance in 2019 compared to those benchmarks, he said. “Last year, it was a name that was tough to own,” Lee said. “People have a lot of catching up to do.” " It's really more about abusing reptilian brains and knowing what ridiculous beliefs others have than being right about a company itself... 10- Do not go against parabolic moves unless you "know what you are doing" Hey I had 9 points but I just added this one, 10 is way better. There are always the "educated" gamblers that are going to want to short every parabolic move (parabolic doesn't mean "that went up alot" parabolic means going up parabolically, as opposed to in a linear way which can go up lots too). Some of these kids see their indicator at a high value and think it is time to go short and get burned over and over till they quit. If you identified a specific level and know it works well and know how far your stop should be you can short a parabolic move, ok you know what you are doing. I believe: - Joining the trend = Most forgiving of all - Shorting parabolic moves = Probably most punishing of all Not sure if it is the very worse, I have heard terrifying stories about people buying or selling slowly chugging trends. I mean... I will be blunt... You gotta to be a whole special kind of stupid to do this, and worse to stay in thinking "it's not that strong, has to reverse eventually" and grow your loser bigger and bigger. So idk if this counts it's just too dumb to be a real thing. For the advanced gamblers if you identified a great level do not be scared and do not remove your order because of a vertical candle or a scaaaary parabolic move, trust me go backtest it, it works even more often.
NASDAQ:TSLA
by MrRenev
7
BTC/USDT (4H) Mid-Term play Hi Traders, Seems like "The BIG Triangle" scenario is most probable right now. We could reach a Yelow downtrend line starting at Dec 2017 peak, connecting Top of 2018 bull run. Now Target Sell area will be around 11,3 - 11,K. And waiting for bounce to bottom trendline of triangle. So for now we could be in a ((i)) wave of (C). Next wave will be same or 1.618 of ((i)). Trade Carefully and use stop-loss. Many traders know about marked levels so I expect some surprise from Whales. But stilll not sure where. Good luck.
Long
by Longevity_Contrarian
Prediction correct 200 MA SMASHED! Next stop $10,000 BTC!As I stated in my last post, I was confident that we would SMASH the 200DMA on the second time round, without any problem. I have not had to change a single annotation here, the 200 DMA has declined in alignment with expectations and Bitcoin is just doing Bitcoin. Nothing to see here? Well, except for the shorts. BTCUSDSHORTS are CLIMBING. And this is Good news. We are getting set up for a short squeeze. Despite this rather impressive move, the bears will think they can get cute and squeeze a profit on the downside. We're still in a BEAR MARKET they will scream, pessimism is still there and for Bitcoin to continue higher we need the wrong side to be the BEARS. Momentum has changed, longer time frames are BULLISH, look at the Oscillators in my chart - CMF MACD OBV all bullish. The next stop is $10,000 I talked about this in my last post about a race to $10,000 Bitcoin and as the BTCSHORTS continue to pile up and the price continues to rise, panic will set in and the short squeeze will follow. Meanwhile the ALT BTC part continues, but beware - once we get the short squeeze BTC will go PARABOLIC and the ALTBTC pairs will get crushed again so consider taking profit soon. MY chart remains unchanged, I am looking for $10,000 a retest of this new support and carrying on much higher. Next step soon - FOMO! :)
BLong
by bellaly
Bitcoin Halvening Pump Long Shot Prediction The goal of this analysis is to keep an open mind about Bitcoin on what could possibly happen in the coming months. Bitcoin appears to have broken out of a bull pennant to the upside. If Bitcoin is able to clear the 30w moving average, I think it's possible we could see $19k lead by the fomo for the halvening which is to take place on May 12, 2020. Litecoin experienced a similar halvening on August 5th, 2019 and pumped all the way to it's peak of $145 on June 19th, 2019. This peak was 44 days before the actual date of the havlening which was on August 5th, 2019. From it's peak to trough, LTC dropped 75% from $145 to $35. If the same happens for Bitcoin, I think we could see Bitcoin reach it's peak 44 days (March 29th, 2020) before the actual date of the halvening (May 12, 2020). The projection for the top is based off the length of the pole of the bull pennant, which would put a target somewhere around $19,000 by March 29th, 2020. After that, I would expect a rather steep drop. LTC dropped 75% from it's peak, I think we could keep an open mind that Bitcoin could do the same. Please see my related idea below for my original prediction of the breakout and also my other related idea where I caught the bottom of Bitcoin.
KRAKEN:BTCUSDLong
by ttrending
ETCUSD: what's going on?One week ago on Sunday (12th of January) Ethereum Classic completed the "Agharta" hard fork, which makes it "more interoperable" with sister-chain ethereum.. whatever that means, ETC more than doubled its value in a couple of days during the week. Technically speaking the price broke out from the descending bearish trend, which provided a good signal for possible trend reversal and opening long positions on 12th of January..this proved to be a good idea! However, 2 days ago (on 17th of January) the price formed a kind of a shooting star candlestick chart pattern (which was more like an inverted hammer pattern but in the up-move), so at the moment the correction or realization of profit is taking place. Now the question is how deep is it going to be? I think buying now is more like a FOMO, so it's better to wait for a correction at least until 61,8 fibo retracement level, which is around 7.39 price.. from there it's possible that we are going to see a rebound and continuation of the uptrend. If playing the above mentioned scenario, the target can be around 9.85 and stops below 6.645 (R:R=3.3). It's also possible that we are going to see a deeper correction to 5.88 price level..so everyone should calculate and implement their own risk management strategy. ETC annual yield: 1,023% // Follow me to stay updated.)
BITFINEX:ETCUSDLong
by GIgor_021
Mind The GapBitcoin is showing some promising signs of bullishness after it broke and closed above key resistance of around $7700 which has been under for over six weeks. Before we get too bullish though, many might not have spotted the gap in the CME Futures chart that formed overnight when it stopped trading. Based on history, these gaps tend to get filled, especially on the 4h and certainly on the Daily which is also showing a gap currently. Bitcoin has now been rejected by the 200 Daily EMA (1200 on the 4h). A re-test of the $7650 level would make a lot of technical sense here before continuing its rally, and this is especially true given the gap that has appeared. A reminder to myself and anyone caring to read this - don't chase. Concentrate on making good trades. I will be looking to add to my position on a retrace to the golden pocket. I am not banking on the gap being filled in order to enter, but aware that a continued rally from here without a few % retrace seems unlikely at this time.
CME:BTC1!Long
by mastaplan
$SBES Triangle of Power on Chart with MASSIVE New DD!!!A Panshi US trademark has been assigned to an examining attorney as of 12/29/2019 confirming a move to the US Market!!! This is huge not only has the other DD found almost exclusively shown that RockySaaS is IPOing in the US Market and under $SBES but now we have new DD confirming a move and also showing how BIG this is going to be! "RockySaaS has provided SaaS services such as e-commerce, marketing, social networking, and HR to more than 4 million enterprises." www.weibo.com With 100,000,000,000 Displays PER MONTH twitter.com If you don't know how big this is yet, I'm still standing by my target of .10-.25
OTC:SBESLong
by StockGuild
$INPX MASSIVE FOMO Enagaged PT $1-$1.50 Next $FCEL$INPX Has taken off quite nicely the last few business days and hasn't shown any signs of slowing down. The Palo Alto company which owns numerous subsidiaries and patents owns patents to a technology that will revolutionize indoor spaces. The company has a tech that integrates outdoor GPS systems with its indoor positioning system that maps out Geospacial context for location based services. The first of its kind in any industry this is sure to stir up a storm and I anticipate the PPS to show the massive potential here as the insider and institutional ownership of stock does.
ILong
by StockGuild
1
XRP Update | WAIT for the breakout!Good morning traders, I see a lot of people looking to re-enter in on Ripple. About a month ago inside the Easy Loot GC, we analyzed XRP & predicted its move to $.175. If this can't hold our next level looks to be toward $.15-$.155 I won't be looking to enter XRP at all until we at the least see a breakout of this channel resistance. Even if we happen to breakout from this smaller channel, we still sit inside a large bearish movement. A breakout and hold above the purple would indicate a strong buy for nearly anyone. Option 1: Wait for breakout, sell for a 13-20% return Option 2: Wait for correction and enter at the swing-low (looking for a 4-9% pullback) Always do you own research before investing | I'm not providing financial advice nor am I a financial adviser.
Long
by DotcomJack
2