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AFL - Bull Put Spread - Weekly & Daily Chart SetupBack from Hols - Back to Trading - Back to Profit..!!! Weekly (W) Chart, Post Earnings showing good Pullback towards Mid BB%. W RSI is <10. Looking for S/R around the 52 level. Looking for Reversal to mean back higher. Aiming for 52.50 /50 Put Credit Spread with 55 Calls for directional Bias higher. Exp SEPT - As this is weekly Chart, looking to leave time to run well into Profit. Exit around W RSI level 50/60.70 depending on levels and PA. Good Luck - Watch your $$$ RISK.
NYSE:AFLLong
by Quantamental
Bitcoin: Correlation between NVT and the All-Time Mean Today I want to look at the bigger picture to put in context the recent Bitcoin move. In the weekly chart, we see that the bias is bearish. The lows at 3100 fail to qualify as a THE BOTTOM by any sort of crypto standard: a) Lack of volume b) Lack of strong bounce c) Lack of institutional blueprint d) NVT still optimistic Now, I want to look it from the perspective of the All-Time historical Mean for Bitcoin. The bottom would be more credible if it coincides with a test of this line, as happened in 2015. I'm plotting Bitstamp and BNC series, and we can see there a huge void between the current price location and the place where the All-Time Mean sits. At Bitstamp, Bitcoin consolidated above the All-Time mean during 8 months before confirming the bull trend. At the BraveNewCoin series (which is the longest one available in Tradingview), we see that the $150 spike bounced from the All-Time Mean. Therefore, this is a legit line to be taken into consideration to prove the bottoming. Most of the assets have a natural tendency to revisit this line along high time frame cycles (unless they are heavily manipulated). Additionally, the NVT is sitting at a similar range level (80-100) than did at 2015 before crashing below 50 and signal the low. Will bitcoin test the All-Time Mean during this cycle? Well, we don't know that for sure but certainly the chances are there. Bitcoin has been unable to fulfill any solid bottoming criteria and this one looks like could be the missing one that could trigger heavy volume and flash crash action.
BNC:BLX
by gliderfund
8
BTCUSD longBTCUSD has hit the necessary checkpoints that I needed to take a trade. It has finally completed another mean reversion and returned to its 52 day SMA mean. It also completed a long overdue 61.8% Fib retracement. Even though its in my buying zone I would prefer to see a deeper dive into oversold territory to feel all warm and fuzzy about this trade. With that being said I an watching for the classic break-check-go setup as my trade trigger. Twice in 2017 BTC did the same thing (returned to the mean, hit 61.8% Fib and got into oversold territory) so this is the trade that I have been waiting on. Remember trade only what you can afford to loose and plan your trade and trade your plan. Thanks to all!
COINBASE:BTCUSDLong
by dipdizzywizzle
Bitcoin will probably keep going up from hereBased on the existing trend I think bitcoin has bottomed out and is heading higher soon, but maybe not at the same pace as previously during the run from 3k to 20k. The thick line is resistance now and was previously very hard to breach. The slope is positive though so there is no need to pass this resistance to keep going up. The FUD has been immense but bitcoin is not DEAD. After a dump like this I think price will go sideways to shake out impatient people. TLDR: The local bitcoin bubble has been popped (as many times before), and I think the price is already recovering.
BITFINEX:BTCUSDLong
by spelgubbe