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SPY the most important S/R levelsHello traders, Description of the analysis: Nowadays, high volatility I have marked important s/r levels, where market reactions will be important. The VIX index is still in extreme values over 50 points. Recently, I have made many speculative and investment hedging decisions and I am very pleased to be present at this volatility as it has moved me as a trader and risk manager of the fund many levels higher. Be careful to trade and invest sparingly! About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (700 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
AMEX:SPY
by Jacob_Kovarik
Bitcoin Descending Wedge Ends at $8k - Then the Breakout!So, first off all: this post does say LONG.. HOWEVER, I want to make sure you all see that in the TITLE I say $8k first. Secondly, this is like the 20th post on Bitcoin in the last 10 days hahahaha. But when my posts get so long I feel the need to upload a new one. I constantly like to notify you guys on what I think and how I feel about the market at a certain point in time. My mind changes just as quickly as the market's, and that's because I just react to data as it comes in. I don't have a crystal ball. I'm a day trader at heart, and our long-term forecasts probably aren't as good as the best swing traders. I ALSO WANT TO SAY: This is an ALTERNATE count to my 7k post. 7k is STILL an option. But this may honestly be my primary option for now. ANYWAYS: Bulls: Don't freak out. The market will rebound, and I think sooner than my marked $7k target on the previous post. Bears: You all can still make a crap load of return on this next drop, but don't stay bearish for forever! PLEASE READ THIS: I know this post says that it can END at $8k, BUT there is a chance that we break it and drop lower, just simply because this wave count could be wrong. Why could it be wrong? Well lets look at wave 2. It very nearly retraces to the full height of wave 1. So the count for the uptrend still confuses me on whether or not that was a 1, or an X for a failed breakout... This kind of matters more for what happens AFTER the breakout, rather than BEFORE. Because getting the correct wave count from then on is the most important part. But what I can guarantee you all is that if we break the 1 month high of $11.7k then we are surely going UP. April WILL be a good month, i can say that with my mind and my heart lol. ANALYZATION: So, like I said i'm not entirely sure on the wave count. But lets look at our support lines here. With that most recent drop, I have no doubt that we will go lower, and I will show that in my next few updates. But look at the blue support and resistance lines of the past month. Notice the descending wedge? And check out the white resistance line that now serves as support. On the daily chart it makes much more sense. But we have a hell of a lot of support lines to break thru to get to $7k. Daily Support line Descending wedge support .618 retrace region This is honestly enough to make me very bullish in 1 weeks time. Descending wedges always pop up if counted correctly. So the biggest thing here in the count is that is it a 12345, or an ABCDE? If its a 12345 going down into the wedge, then that makes it a part of the Z of an WXYXZ correction. BUT, if its an ABCDE, then it could be a part of wave 2. It just would seem to be not proportional in a wave 2 correction to the length of wave 1. The world may never know. BIAS: (3-5 Days) - Bearish (1 Week+) - Bullish (1 Month+) - Bullish Many updates as usually to come as soon as i upload this.
KRAKEN:BTCUSDLong
by Elijah_Trading
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