Identifying cyclical opportunities in $HOOD for optionsNASDAQ:HOOD has been in a bull trend since June of 2022, and its price action has also been decently straight forward.
Notes about NASDAQ:HOOD 's price action -
1. Hood's cycle lengths from low to low, in this daily chart are not uniform.
2. However the trends in between the swing lows and highs are secular.
3. Hood has been forming base lows instead of V pattern lows.
How I'm trading $HOOD.
- Since the trend is bullish it is best to stick with call options looking for confirmation of a cycle low to get long.
- When NASDAQ:HOOD starts to form a base after a cyclical downtrend look for momentum to enter
- Once identifying a swing high, exit calls and allow the next secular downtrend to play out
- Each cycle consider if the macro tend for NASDAQ:HOOD is still bullish
- Own NASDAQ:HOOD shares
** The timing band on this chart is a general area based off of previous cycles I'm expecting a base low and will be looking to get long.
Fractal
Shiver in Ecstasy at the beauty of FibonacciIt speaks for itself, really.
Halvings, tops, bottoms, etc. can all roughly be located here, within reasonably accurate levels for price & time.
Forecasting:
>> 5.618 (time) - 4/20/2025
also shows next potential bottom fib-levels based on historic durations of bear markets...
Price level I have less certainty for....
>>>4.236 (price) - $245k
this level also coincides with breakout targets for the inverse H&S pattern formed during the 2022/2023 bear market.
BTC reached the local peak? 👀#Bitcoin distance from BMS
Below is the oscillator, which shows how far the price has moved away from the bull market support. Mostly when we are in the 2-3 year of the cycle, the mark on the oscillator 40 acts as resistance, which indicates a mid-cycle peak.
Can it be different this time?🤔
Let's imagine that the CRYPTOCAP:BTC ETF inflow will be greater and distort the situation, in this case, we have a second trend line that indicates a global peak, which, by the way, becomes lower every cycle, now this mark is around ~50 on the oscillator or 80k on the price chart. You can consider this mark a best-case scenario for a local peak.
💡Remember, a good investor does not rely on one scenario but is ready for any.
$TSLA hitting key Fibonacci LevelsLooking at Fib levels using the monthly chart we can see the run up from 2020 to 2022 the retrace on fib was respected. If we draw the same for the most recent run up it looks like we are at or approaching multi year lows. This coincides nicely with the bad news cycle and low point on revenue for TSLA. So on fundamental and Fib basis this is a good entry point to start averaging in a long term position. Be gentle :)
USDJPY Day trading Analysis USDJPY Day Trading Analysis
1.USDJPY is in a bullish trend
2.I am looking for Buys
3.Current trend is Counter trend
After a bullish break of structure, i can clearly see the recently formed new H and the strong HL.
using the FIB tool i can identify Discount price to enter a long position, targeting the weak H + plus FIB extensions
POI trade provides a 50-50 split for me.
BTC looks like its just about ready to target sellside.Last Time I did this, i had upset a handful of traders, Without going too deep into it, I do think Bitcoin is just about ready to target some sell side objectives. If a new ATH is printed it would invalidate this idea based off of the Limitless Entry Drill.
Do what you want with this information & as always Happy Trading ⚡
Please remember to Like Comment & Follow my Trading view!
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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 assisting traders to make independent investment decisions!
#ETH Bullish Trend Reversal IdeaETH bulls have just shown recent strength by shifting the market structure
Here is a potential long position that targets higher supply zone
A channel of liquidity is now forming after the most recent bears reaction, which liquidated some long positions, but now the bulls are creating a trap for bears
Be sure to watch out for aggressive long liquidations that might trick you into starting short positions
Bearish Signals: Time to Short ADAUSDAs I prepare to share my bearish trade idea for ADAUSD, here are key trends that support my outlook:
- Market Sentiment: Cardano (ADA) has faced a significant downturn, losing nearly 13% this week and about 41% year-to-date. This reflects growing concerns among investors and a lack of bullish momentum.
- Technical Indicators: A bearish divergence between ADA's price and daily active addresses suggests weakening demand, indicating potential further declines.
- Price Action: ADA is trading below crucial moving averages (20-day and 50-day), trapped in a declining channel. This reinforces the bearish sentiment as it approaches the lower boundary.
In my trading strategy, I focus on probabilities to position myself for short trades on ADAUSD.
In summary, by leveraging probabilities alongside market trends, I aim to strategically position myself for potential declines in ADAUSD.
This disciplined approach not only enhances my trading strategy but also aligns perfectly with the current bearish environment.
Join me as we navigate this market together!
P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.
4H:https://www.tradingview.com/x/IFRT8mYP/