Ninja
NIFTY 50 LONG BREAKOUT COMING?This is my first post for Indian Stocks, if you like the following then give feedback and I will do more.
So to the analysis. What I am seeing is price trying to retrace to that strong demand zone lower. Now it looks like we created an inverse head and shoulders after failing to retrace fully to demand (which is normal).
From todays perspective it appears as though we have bottomed temporarily and we could see a nice breakout long from this pattern.
Want to see more Indian Stocks/indexes?
Ninja
BIG WIN ON ANTUSD, MORE TO COME!As I previously mentioned before the pump. ANTUSD was a good coin to get into, not for fundamental reasons simply because of technical analysis.
If you know some of the course material then you will know that we created a perfect N pattern.
More upside is expected however from here we will most likely start to drop along with bitcoin.
TESLA HEAD AND SHOULDERS PATTERNAnother Tesla call here, it looks like we may break a little higher to form a higher timeframe double top.
I am not trading this right now but my breakdown and bias remains the same regardless.
I called the previous short perfectly and now I will attempt to call the next bull move higher so let's see if it is correct.
Let's go Ninja's! :)
BITCOIN SHORT THE BOUNCESAs previously mentioned I am expecting a drop to 15-20k before buying again.
In the meantime I expect all major bounces to be sold off. I am not selling, instead I am waiting at my 15-20k level to add to my position.
However for those that are interested in the short side here is a quick breakdown of what I see.
HUGE PROFITS TO BE MADE THIS WEEK, LOOK AT THIS!I am expecting a huge move up this week to between 4020 - 4070.
Previously I correctly called the top and the exact bottom so hopefully the win streak continues this week.
I am going to be buying calls 30 mins into open or on pullbacks. Expiration this friday. Could also continue into next wednesday.
Let's go!
ETHEREUM HEAD AND SHOULDERS PATTERNEthereum is topping out similar to bitcoin. New head and shoulders pattern is forming.
I believe we will see a minimum target of $1500. If we are going to crash on bitcoin like I am predicting then I expect ethereum to follow.
Short the bounce or wait lower to buy the dip.
SP500 DROP AND RECOVERY THIS WEEK!It appears as though the sp500 is going to drop like we predicted but not to the 3830 range but instead to the 3870 range.
The bounce higher is going to be quiet significant.
I have already shorted today at market open with options expiring tommorow. Then tommorow I will switch to buy for expirations that end this week and next.
Summary: Short now to 3870, long from there.
BITCOIN FAKE OUT DOUBLE TOP!This looks like we might have our weekly double top fake out.
Volume decreasing as price moves higher.
Historical analogue points to bear market.
Price has gone parabolic, parabolic moves NEVER last.
If we keep breaking lower the area to buy back in is 15-20k range where a weekly inverse head and shoulders should form.
OIL DROP OVER THE WEEKEND (WARNING)OIL is creating numerous bearish signals and it appears as though over the weekend and monday we will have a significant drop lower.
The sp500 is also going to drop on monday so maybe some news will come out about oil over the weekend that will affect the markets in a negative way.
BITCOIN DOUBLE TOP (WARNING)Bitcoin is rallying on low volume, extremely low volume in fact. This is a clear divergence between price and what is actually going on.
Like I said previously I believe we will see 15K this year.
Yes we can create a fakeout of the highs, yes we can remain at these high levels for the rest of the month but at some point when price starts to turn and everyone starts to run for the door price will crash fairly quickly.
Human nature does not change Ninjas!
SP500 FORECAST FOR THIS MONTHHello Ninja's! :)
So like previously stated when we were at the lows I was predicting a strong move higher, that happened and the returns were great.
Now this movement higher is likely to continue on monday.
Then we are likely to create a descending channel before a huge move to the downside.
I will keep everyone updated with my trades as and when they happen but I want to show a visual of what is to be expected for the rest of this month.
Happy trading.
TradeNinja
SPY/ES RALLY COMING RAPIDLY?So we were right about the crash down to 372/3720. Targets were reached.
Now it is very possible to have a strong move higher AGAIN back into the highs. The timeframe for this could be a day, the weekend and even monday. Hard to say right now. I took a starter position at the lows.
Lets see how we play out tommorow (fri).
SP500 CRASH COMING SOONIt looks like price is dropping, I'm going to see if price bounces from here in order to get better options pricing.
Price could easily drop from here and I will miss out on the trade but I am ok with that. I need the correct risk to reward in order to take the trade.
Take profit : 377 and 371
BITCOIN DIVERGENCE POINTS TO BEAR MARKETAnother observation happening on the weekly right now. Price is rallying on fumes (low volume), unless some high volume comes in soon this could get nasty.
Like I previously mentioned weekly double top or weekly fakeout double top are still possible and is what we want to see.
Target is 15k-20k where we will create a weekly inverse head and shoulders pattern before breaking higher to around 400k.