BTCUSD BullishDo you think it would be possible to finish this bullrun in December of this year?
Fibonacci circles
Trends
RSI
Pi cicle Top
Moving Averages
META daily channel is getting tight.NASDAQ:META daily chart shows consolidation and has a lot of room to supply above recent highs, should the daily 5 SMA confirm to the upside. Watching closely to see which way this consolidation resolves, as there are always a million opinions, but only one confirmation.
MSFT has room to the daily 50 SMA.NASDAQ:MSFT daily chart shows consolidation just below the daily 50 and 65 EMAs. If MSFT can confirm this daily supply to the upside, there is significant space on the chart up to the daily 50 SMA, which gives this trade a large measured potential. Many NASDAQ:QQQ names have reclaimed their daily 50 SMAs, and as long as the index continues to build above its daily 50 SMA, MSFT is likely to catch up. As MSFT is a thinner name, this trade will be more likely to work during the morning trading session when liquidity is higher.
Amgen: False Breakdown and Uptrend?Amgen has been fighting higher this year, and some traders may think a longer-term uptrend is in place.
The first pattern on today’s chart is the move under $310 after mixed quarterly results. The drugmaker quickly recovered as Wall Street focused on its pipeline. The resulting drop and rebound could be viewed as a “false breakdown,” which is potentially bullish.
Next is the price zone between the closing highs of February and June. AMGN has stayed above that area for almost two weeks. Has old resistance become new support?
It’s also holding the rising 50-day simple moving average. That could reflect a bullish intermediate-term trend.
Finally, Wilder’s Relative Strength Index (RSI) just crossed above its 14-day average. Similar crossovers have preceded moves in both directions. (See arrows.)
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
Bitcoin cycle low has been hitFollowing my first plan to start Dollar Cost Averaging Bitcoin again (see below)
We now have a Cycle low signal printed on BTCUSD. This signal has been significant during the past two cycles and I do not expect this time to be different.
It will be interesting to see how the macro environment plays in this case, as it is Bitcoin's first cycle within a major economic downturn.
GLHF
Celsius - Case for 50%+ UpsideLooking at NASDAQ:CELH , the CELH/SPY 3 day chart shows a major price dislocation imo.
MACD crossover looks imminent, RSI is at roughly 25.
See the case for potential 50% upside on CELH from these levels by mid/end of October or by end of year if it fizzles in the next 2 months.
Good luck and happy investing, this is not financial advice.
C
Buy Indian BankTarget - 598+
SL - 496 (Closing)
One of the financially strong PSU banks, with the least free float ranging in weekly EMA support level.
ITC | SWING | LONGPrice is showing high momentum.
Price is making base near ATH.
Volume activity is also really good.
SMH shows signs of weakness for first time SMH rally is showing weakness in multiple places for first time.
EMA crosses below SMA for first time since rally started
RSI shows signs of price divergence by trending down while price makes higher highs.
This is more cautionary at this point and keep in mind. I wouldn't add to any bullish positions but instead tighten stop losses and seek to start taking some profits.
Darvas Box Strategy - Break out StockDisclaimer: I am Not SEBI Register adviser, please take advise from your financial adviser before investing in any stocks.
Stock has given break out buy above the High and do not forget to keep stop loss best suitable for swing trading.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
Darvas Box Strategy - Break out StockDisclaimer: I am Not SEBI Register adviser, please take advise from your financial adviser before investing in any stocks.
Stock has given break out buy above the High and do not forget to keep stop loss best suitable for swing trading.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
SUMICHEM | COMING OUT OF HUGE BASE | HIGH MOMENTUMMaking a contraction near all time high
Volume Contraction
High Momentum
JLHL | POSITIONAL | LONGBasing near the previous swing high
Above 20 and 50 EMAs
Contracting nicely near the top of a bigger base
Darvas Box Strategy - Break out StockDisclaimer: I am Not SEBI Register adviser, please take advise from your financial adviser before investing in any stocks.
Stock has given break out buy above the High and do not forget to keep stop loss best suitable for swing trading.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
BTC - Neutral bullish*This is not financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions.*
BTC is currently rejecting the $61K range, but it has successfully broken out of a major trendline and an inverted head and shoulders pattern. The 50-day exponential moving average (EMA) is positioned below, which could act as a support level. This support may provide an opportunity for BTC to retest the head and shoulders pattern before potentially continuing its bullish run.
WEX Inc | WEX | Long at $180.00NYSE:WEX Inc has a 40.8M float and recently initiated a $300 million share buyback. The stock has been in consolidation mode for some time and is playing "nicely" along my selected historical simple moving average (SMA). Recently, it may have double-bottomed off this SMA and, given the buyback, may move progressively up toward the $230's where there is a large price gap on the daily chart. It is currently in a personal buy zone at $180.00.
Target #1 = $209.00
Target #2 = $231.00
WM Technology | MAPS | Long at $1.00WM Technology NASDAQ:MAPS provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally. After it's de-SPAC in 2020, it soared to $29.50 and now can be found for around $1.00. It's been consolidating at these lows for almost two years, and it may be gaining algorithmic traction for a move soon based on my selected simple moving average (SMA). Often (but not always), when this SMA gets close to the price, there is a pop to the historical SMA. Currently, it is in a personal buy zone at $1.00.
Target #1 = $1.50
Target #2 = $2.00
Expedia Could Be Traveling NorthExpedia has gone nowhere for most of the year, but some traders may think the travel stock has begun a northward journey.
The first pattern on today’s chart is the bullish price gap on August 9 after earnings and revenue beat estimates. EXPE has made successively higher lows every session since then, which may indicate that buyers are in control.
Second, prices are near the 200-day simple moving average (SMA). The stock is also negative on the year (notice its high from early February). Could that longer-term lethargy create opportunity for shorter-term bulls – especially after a strong quarterly report?
Third, there could be reason to think it’s happening: Notice how MACD has turned positive and the 8-day exponential moving average (EMA) crossed above the 21-day EMA.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
$SPY August 20 ,2024AMEX:SPY August 20 ,2024
15 Minutes.
For the rise 548.88 to 559.58, holding 555 levels uptrend continues for te day.
A retracement to 552 will give an opportunity to add longs.
ES (S&P 500 Futures) continue with the UptrendOn ES (S&P 500 Futures), it's nice to see a strong buying reaction at the price of 5618.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
50 SMA Rising - Positional TradeI am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
It 50 SMA Rising. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
50 SMA Rising- Swing TradingI am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
50 SMA Rising strategy. Suitable for Swing Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade for 2 to 4 weeks.
Do not Forget to Exit if Stop loss Hit.
Be Discipline because discipline is the Key to Success in the STOCK Market.
