$XBIO can rise in the next daysContextual immersion trading strategy idea.
Xenetic Biosciences, Inc., a biopharmaceutical company, focuses on advancing XCART, a personalized chimeric antigen receptor T cell (CAR T) platform technology engineered to target patient-specific tumor neoantigens.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $1,16;
stop-loss — $1,02.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Overnight
$BFT can rise in the next daysContextual immersion trading strategy idea.
Foley Trasimene Acquisition Corp . II intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in financial technology, or information and business services.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $10,28;
stop-loss — $9,87.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
NQ Power Range Report with FIB Ext - 8/20/2020 SessionContract - CME_MINI:NQU2020
- High - 11331.25
- Low - 11312.50
Current Stats
- Gap: N/A
- Session Open ATR: 210.85
- Volume: 30k
- Long-term (Daily) Trend: Bullish
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
S&P over night trading strategy in a manipulated marketCME:SPM2020
When you look at the June S&P futures you can see that almost every night with low volume the price go up.
Almost everyday before close comes a dump.
Seems that's the cheapest way to keep the market up.
Simple Strategy - Buy before close and hold until open - profit.
There is a good article about this too.
www.nytimes.com
In this market the best is to go with the FED.
Just for education though.
EURTRY | EURO/LIRA Short on CorrectionSelling Lira because the overnight funding you sometimes get is just insanity! On my broker I get 0.05% on my LEVERAGED position... PER NIGHT! That's 1% in just three weeks!
For example I sell a position for $1000 which is leveraged x100 = $100,000. I get $1000 in just three weeks which is my initial investment, this means I make 100% ROE in three weeks if market moves sideways.
The technical analysis actually says it probably goes down. Insane.
To the technical analysis: Wait for correction to next weeks central pivot point or 21/34 EMAs then SELL and HODL.
BTCUSD Bitcoin: Double Bottom Overnight - Thursday Buy PointsBitcoin BTCUSD Near Term Neutral but buy the Break higher when it comes...
Overnight Bitcoin did eventually break down out of the continuation pattern it was tracking and began to fall away again. It came right back down to retest the lows again but it held up, creating another intermediate double bottom, showing loss of downside momentum and that it was safe to buy again with stops under the lows. Bad timing for this to happen overnight as it was a fine signal to trade off. Such is the life of a Bitcoin hunter. Sometimes.
If you were around for the double bottom and were able to reverse or just get long again from there you did very very well. So day traders have had the best of it for the last 24 hours or so. Bitcoin is now probing resistance from the upper parallel of the new continuation pattern it has started to form overnight as well as fixed resistance at 10108 on Bitfinex.
It's therefore vulverable right now and day traders are closing out their longs at the obvious spot, looking to buy back from lower again or if that trick fails, they will buy again once 10120 has been broken above for move to 10448 and then 10680. We can follow that break higher when it comes. Until then we watch and wait. No point in chasing this from here yet. But technically it has made a double bottom now. All it needs to do next is break above 10120 to confirm the double bottom and also a higher high. Until it does Bitcoin is effectively range trading. Useful for day traders but not for the rest. We will follow long when we get the signal with stops about 100 lower or consider buying from the lower parallel if retested soon with stops below the parallel.
Bitcoin: BTCUST Massive Bull Breakout maintained - stay long Bitcoin Coinbase Chart Massive Bull Break Maintained Overnight. Stay long to 12090
The break stayed good overnight and the far East bought
into it too...not massively but still a good sign of returning
confidence world-wide as all the bad news begins to dry up.
This break out is so important and so far technically perfect
on Coinbase chart - and shows how, once price beat the last
dynamic above it Bitcoin surged upwards, shackles undone.
The next part of the Bitcoin puzzle is to look more closely at
the reverse head and shoulders to see how likely it is to be
trustworthy from here. First off the last one failed - and
actually went on to form the right hand shoulder of this larger
RHS - whilst Bitcoin was still in the middle of a downtrend,
which with today's price action is now effectively over - the
only disconcerting thing about this RHS is that it's a little too
prefect technically. Can it be too good to be true? Too
obvious? Why? On The Coinbase chart this reverse head and
shoulders has a minimum upside of 3216 points added to the
break out level/neck-line at 8874 - creating a minimum
upside target at 12090 on Coinbase. Stay with it
Bitcoin: BTCUSD Retest of lows underwayBitcoin Update
Spent most of yesterday buying dips from around 14050 and higher, looking to increase on a break of the neckline of what
has turned out to be an imaginary reverse head and shoulders - and again on the break above another imaginary flag
formation which was then sitting at 15500 with a stop at least 100 points below the line. So we blew 150 or so points off the
top but at least managed to trap in bigger profits accumulated during the rest of a turgid, slow day of trading.
Not very good, but it could've been worse.
The pattern Bitcoin has made overnight has done nothing to improve the picture. The last comments had warned that
Bitcoin only turns bearish again on a break below 14465.
Overnight it broke this level, fell through the next blue line of
support to the next line at 13571, bounced back to test the 14465 level from the underside, turning it into resistance as it
did so and is now falling away again...every move it's made overnight has been bearish. If you were around to short on the
fall below 14465, lucky you
Now it's coming back to test the right hand 'shoulder' at
13560-13450 - Bitcoin must hold here - as this is the last real chance of support holding up and preventing another retest of
the lows. Therefore, should it fail to hold at any point today look to short on a break below 13450, looking for 12600 to
begin with and then after a potential bounce from here, look to short again from 13088 looking for a retest of the lows.
to retest the lows which must hold at all costs today.
Failure to do so will tip Bitcoin further into terrible technical trouble and likely force price all the way back to 10486 to
begin with and then to 8324.
It's beaking down now as this is written up...
Suggest closing out ALL longs on any Alt asap - we can buy back cheaper later.
EURUSD: Reverse Head and Shoulders hasn't gone away.target 115EURUSD: Further extreme Dollar weakness looks in store for Monday. The target given by the reverse head and shoulders off the bottom here continues to say 113.80 but ultimately the Euro should reach 115 before swing traders should consider shorting the Euro again. The big change in prevailing wind was only confirmed on Friday. There is much more to go for. Try to trade these asap on the open in Australia on Monday if you want to catch the highs to sell off - no matter how inconvenient, it will be worth it by the look of the charts.... By the time it gets to New York the downwave should be in full swing