Goldenpocket
55 % chance - HYUNDAI share price analysisHello everyone,
Today I am taking a look at the Hyundai chart.
The situation is not acute at the moment, but for the watchlist.
- Hyundai was able to overcome important resistances with the last rally.
- I expect a further positive development in the medium term.
- The share price is currently in a correction
- For a possible entry, the price still has to fall by approx. 25%.
The plan
- Entry at the golden pocket of the last rally
- Support is provided by the MA200
- The buy zone is extended by the horizontal support of the horizontal support zone
- The possible entry seems almost too good to be true. However, if the corresponding zone is not approached, I will not open a position here.
Buy zone: 31.8 - 29.4 points
Target zone: 49 points
With this in mind,
Good luck & Keep it simple!
Max
70 % Chance - BITCOIN GROUP SE Share Price AnalysisHello everyone,
today we take a look at the chart of the Bitcoin Group
- The normal correction seems to be over
- From a chart perspective, the next bull run should now be on the cards
- Horizontal support levels support the zone around 46 points
The plan
- I want to build a long position around the 48 point level
- The golden pocket of the last rally is the main support that should not be undercut by the weekly closing price.
- The last high serves for me as the main target for a trade.
Buy zone: 44 - 48 points
Target zone1: around 83 points
Target zone2: around 100 points
With this in mind,
Good luck & Keep it simple!
Max
55 % chance - ALIBABA share price analysisHello all,
Today I am taking a look at the Alibaba chart,
- The price is in a positive overriding trend.
- Alibaba shows a tendency to break through the golden pocket once in a correction, but then to continue to run positively in the trend.
- This breakthrough has already been made in the current correction.
- The second reaction at the golden pocket looks encouraging
- In the long term, the current trend channel could consolidate further
The plan
- I would like to take a long position at the cross-support of the golden pocket and the lower trend lines.
- If the price does not touch the golden pocket again in combination with a trend line, I will not find an entry point and remain a spectator.
- As a long-term price target I use the trend-based Fib extension
- One for the watchlist, no trade is acute yet
Buy zone: 227 - 222 points, only in combination with a trend line
Target zone: 360 points
With this in mind,
Good luck & Keep it simple!
Max
25% opportunity in focus - LONDON STOCK EXCHANGE price analysisHello all,
Today I'm going to take a look at the chart of the London Stock Exchange:
- The price is currently in a sharp correction
- The price is in an overriding upward trend
- The last correction was similarly dynamic, but it was stopped at the golden pocket and then the price was able to mark a new high.
- An upward trend channel seems to be established
The plan:
- I would like to enter long at the golden pocket of the last rally.
- The supposed trend channel serves as cross-support here
- Definition of two target zones
- If the weekly closing price falls below the trend channel and the golden pocket, the idea is off the table.
Buy zone: 80 - 83 points
Target zone 1: 103 - 105 points
Target zone 2: 138 points
With this in mind,
Good luck & Keep it simple
Max
ROLLS ROYCE price analysis - take-off with 70% profit?Hello everyone,
Today I want to share my thoughts on Rolls-Royce.
- I'm not really a fan of a shoulder-head-shoulder formation, but this time the targets just fit too perfectly in a fundamentally friendly market environment
- The price is about to break out of the bottom formation
- I expect a dynamic breakout
The plan
- Enter on a weekly close above the upper trendline, or on a retest after the breakout
- Trade to the golden pocket of the last correction
- Almost 70% profit seems possible without touching the downtrend
With this in mind,
Good luck $ Keep it simple
Max
REEF closed above the golden pocket!After the excellent day we had with the $20 M from Alameda Research, REEF succesfully crossed the Golden Pocket and was taking support a few minutes ago.
We are in a great buy zone. If you are missing the party, come and enjoy it!
BITCOIN TO REPEAT PATTERN?BTCUSD. As we approach the Golden Pocket on Fib Retracement once again on the Daily I have decided to draw a comparison between the last 2 Major Bull Runs.
Blue = 2019 Bull Run Bar Pattern
Orange = 2017 Bull Run Bar Pattern
History shows us that the last 2 runs have had a major bounce within the Golden Pocket (0.5-0.618) $40318-43714 and as former Daily Support approaches im interested to know your thoughts on final retracement level.
What do you see? Continuation, Failed Double Top attempt or something new.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
ZEL - Buying OpportunityUptrend Confirmed due to recent price action which has confirmed a reversal by pumping upwards and forming a higher high.
1. Price has formed a higher high
2. It has formed a Golden Cross
3. Recent sessions' price action, ( Bearish Candles) indicate that the stock price is pulling back
4. I will be confident to buy in the $2.72 - $2.82 region (Buy Zone) as it is in the 50%-61.8% Fib Retracement Zone (Golden pocket)
5. There is a gap window between $2.73 - $2.96 region (another confluence of Support)
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
WEB - Giving a Buying OpportunityBullish trend confirmation indications:
1. Made a Higher High
2. Made a Golden Cross
3. Impulsive price action with High Volume
4. After the impulsive break, price is correcting and consolidating.
5. I would be a confident buyer within the Buy Zone which is the Fib Retracement Level Zone of
50-61.8 % and the Gap Window Zone. The ideal level zone is between $4.30 - $4.70. That will be a trade with confluence.
6. Good Buying Opportunity if it closes positive or prints Bullish candlestick patterns in the Buy Zone area
with bullish price action follow through with a potential gain of 120%.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
Uptrend Confirmed - Next Buying OppurtunityRecent price action has confirmed a reversal by pumping upwards and forming a higher high.
1. Price has formed a higher high
2. It has formed a Golden Cross
3. Recent sessions' price action, ( Bearish Candles) indicate that the stock price is pulling back
4. I will be confident to buy in the $4.15 - $4.30 region (Buy Zone) as it is in the 50%-61.8% Fib Retracement Zone (Golden pocket)
5. There is a gap window between $4.30 - $4.50 region (another confluence of Support)
6. There is a trendline support in the same region which is the third confluence.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
AllianceBlock pullback from ATH; golden pocket retest in playWith this lowcap pulling back from ATH after a massive blue sky breakout, I am eyeing a retrace to the golden pocket for a re-entry.
VET/USD High odds reversion to the mean, LONG, BULLISH There is a high probability ' reversion to the mean ' trade in play (Pitchfork median line). The ideal entry was the 0.618 retracement however there is still a 1:1 Risk: Reward trade from here. Usually I prefer a 1:3 R:R however this trade has an 80% probability of playing out. Therefore it is worthy of consideration. Looking at the bigger picture, VET appears to be in a wave 3 with the target for this wave being +157%. I see massive long term growth potential in this project. As a result of my conviction, I will be cautious of taking too much off the table at these targets. I believe VET is a long term hold.
What kind of trade is this?
High time frame swing trade
Low time frame reversion to the mean.
Long term hold.
Looking at the Macro environment, what is the trend?
LONG. Bullish .
Pending US Election results may still cause short term volatility . Long term elections have little impact on the market
DJI & NDAQ recently made new ATH's. Trending higher but monitor this closely
Gold & Silver has been on a beautiful run but now correcting. Looking for continuation at key levels
Vaccine with 90% success has been found for Covid19
More stimulus expected soon
Sector leaders Bitcoin and Ethereum been trading in a positive direction with higher highs and higher lows since the bottom in March of this year.
What are the key points to be taken from the VET Macro Technical analysis?
Broke through long term resistance in Jun & re-tested the Support through Oct- Nov
Potential to form a Massive cup & handle Pattern
Order block has been tested
Golden pocket has been tested
Long term resistance has broken and turned into Support
This recent test is a higher low
Appears to be in wave 3 of an Elliott wave count.
What are the key levels For VET?
Reversion to the mean
This trade has an 80% potential for a 25-35 % profit. The longer it takes to play out the higher the potential profit.
If this trade takes 3 weeks to play out the target will be in in confluence with the cup and handle formation target at 0.02325
Entry: anywhere here (~.017)
Target (median line of pitchfork) currently at 0.021619.
Stop: 0.01185
R:R 1:1
Elliott wave 3rd wave & Cup & handle
The target for the 3rd wave is in confluence with the target for the cup and handle and has a potential for 157% profit.
Entry: anywhere here (~.017)
Target: 0.0439
Stop: 0.01185
R:R 1:5
The following are assuming the 3rd wave ends in the high probability zone
4th wave entry: 0.0305
5th wave target: 0.0522
Are there any news catalysts?
Yes. Bullish.
Too many to list. VET is an absolute beast and is severely undervalued IMO.
National level partnerships with the Chinese Gov.
Over 100 partnerships with fortune 500 companies
I am unaware of any other project in this sector with as many high level partnerships as VET. (If you know of one please let me know in the comments below)
Considering the points mentioned above has allowed me to set a LONG ONLY bias. This means until circumstances and the trend change, I will ONLY be looking for entries to trade VET LONG.
(The trend is your friend)
What is my trading plan moving forward?
Look for LONG entries on the lower time frames for short & medium term swing trades
Wait for larger pullbacks and retests on high timeframes to build larger LONG positions with the intentions of holding for much higher targets.
Continue with this strategy until a 'reason2sell' is present, for this trade that will be; Break of the 0.618 of the most recent swing or my targets are met.
Note; I hold core positions in VET with no stops. I see those positions as long term investments and this forms part of my long term strategy. I would need to see significant change in the Fundamentals to alter this strategy.
Cup & handle, Golden zone, S/R flip, Order block, MACD crossing bullish:
Never Trust. Verify.
D.Y.O.R . Not Financial Advice, this is my trading journal.
Always remember: Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key . Capital preservation above all else.
First 19000, then 30% correction. Buy zone at 14000.This is a mid-term analysis.
First, excuse me for oversaturated chart. There are too many lines but I just wanted to share my plan to trade Bitcoin because I think everything just lines up so nicely. I didn't have time to make new chart so I hope you can read this one as is.
Bitcoin could go straight to 19300 (white arrow) or fall to Fibonacci Golden pocket at 16640 and bounce there (yellow arrow). Near future will tell that.
Either way, after topping out between 19300 and 19600 , 30% correction will follow. All the way to another Golden pocket (white dashed line). I have buy orders between 14000 and 13300. If the 20-Weekly Moving Average holds, Bitcoin will shoot above ATH. The 20-Weekly MA and its projection are blue lines.
I'm just starting to post my ideas so I would appreciate a like. You can also follow this idea to get future updates.
47% profit expected on NEXO. Fundamental and technical reasons!FUNDAMENTALS
First of all if you don't know Nexo, do a quick research about them. It's a "crypto bank", offering loans for your crypto as collateral. So you don't need to sell Bitcoin if you need money for a car or bathroom renovation for example. Just deposit Bitcoin to Nexo and take a loan in fiat. When you repay your loan, you get ALL your Bitcoins back. Especially now that we are in bull run, you don't want to sell Bitcoin and miss on gains.
Another service that Nexo offers is "Earn" on your crypto and fiat. Last week they also announced improved version of this Earn feature, they call it NEXONOMICS: nexo.io
Holding NEXO tokens gives you big discount on loan interest rate and it also increases your APY (annual percentage yield) if you decide to use Earn feature. Nexo has better rates than competition and what is very nice, your funds are not locked. It's a flexible stake so you can withdraw them any time!
Price already increased a little bit after Nexonomics announcement last week, but check this (from the article I linked above): "The full scope of Nexonomics, including a variety of upcoming upgrades and functionalities, will be revealed progressively through December 2020 ."
TECHNICAL ANALYSIS
Now let's move to some technical reasons why I expect a 47% increase at minimum! As you can see Nexo is about to break out of this pink/magenta descending trendline. If you want to trade this more conservatively, wait for stronger confirmation of breakout. However I already bought NEXO because I wanted better entry price.
Furthermore, 20 and 50-Day EMA are about to form a bullish cross and this doesn't happen very often. However when it does, a big upward trend follows. Check the history yourself.
About my target. My target is Golden Pocket (0.618 Fibonacci level) which is at 0.0000194. It could go higher as well.