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XRPUSD 1H BEST %R MOMENTUM STRATEGYStep #1: Define the Trend. An Downtrend is defined by a Series of LH Followed by a Series of LL. The definition of an downtrend is pretty much standard. In an downtrend, we look for a series of lower highs followed by a series of lower lows. Two LH followed by at least another two LL is enough to define an downtrend. A lower high is simply a swing low point that is lower than the previous swing high. While a lower low is simply a swing low that is lower than the previous swing low. All momentum traders know that the trend is our friend. But without momentum behind the trend, we might actually not have any trend. For active traders, we also look at the actual price action in order to gauge momentum. Besides reading the best momentum indicator. Step #2: In an Downtrend Look for Bold Candlesticks that Close Near the Lower End of the Candlestick . A technical analysis concept is that you want to use multiple confirmation signs when buying and selling. This will increase the likelihood that’s a high probability trading setup. In this regard, the momentum trading strategy besides using the best momentum indicator, also incorporates the price action. A practical way to read momentum from a price chart is to simply look at the candlestick length. What we want to see in an downtrend is big, bold bearish candlesticks that close near the lower end of the candlestick. Now, it’s time to focus on the Williams %R. This is the best momentum indicator. Which brings us to the next step of our momentum indicator strategy. Step #3: Wait for the best Momentum Indicator to get overbought (above -20). Then rallies below the -50 level before Selling . We’re going to use Williams %R, the best momentum indicator in a smart way. In an downtrend, we sell after the best momentum indicator has reached overbought conditions (above -20). And then rallied back below the -50 level. Now, we have confirmation from both the price and the best momentum indicator. The real momentum is behind this trend and the probabilities are in favor of more downside prices from here on. Note* If the best momentum indicator continually stays in oversold territory (below -80 level), it signals a strong momentum and conversely a strong trend. Inversely the same is true in a uptrend. The next important thing we need to establish is where to place our protective stop loss. Step #4: Place Your Protective Stop Loss above the Recent Lower Low. We want to hide our protective stop loss. It is above the most recent lower low level that formed right before the best momentum trading strategy issue the sell signal. Alternatively, you can also trail your stop loss above each most recent lower low. This strategy will allow you to lock-in the potential profits in case of a sudden market reversal. Last but not least the momentum indicator strategy also needs a place where we need to take profits, which brings us to the last step of the best momentum trading strategy. Step #5: You pick your own TP strategy or Take Profit once we break above the Previous Lower Low A trend in motion can stay in that state longer than anyone can anticipate. And since we want to maximize our potential profits we let the market tips it hands before liquidating our trades. In this regard, we look for a break in the trend structure. Respectively a break above the most recent lower low. Alternatively, you can take profit once the best momentum indicator breaks above the -50 level. Note** The above was an example of a SELL trade using the Best Momentum Trading Strategy. Use the same rules for a BUY trade.
COINBASE:XRPUSDEducation
by Tradingstrategyguides
BTCUSD - 5 Day Chart Absolutely PRIMEDThe 5-day BTCUSD chart looks absolutely incredible for a potential bullish push in the coming month or two. Key takeaways from the current chart: Support found on the 100 & 200 days SMA. Stochastic, Stochastic RSI and RSI all starting to trend up from oversold levels (RSI close enough). Stochastic and Stochastic RSI has been oversold for an extended period of time. MACD is the only indicator not pointing entirely bullish yet, but if the candle finalizes green, it will likely have all signs pointing to a cross over. I really can't find much I don't like about the 5-day chart. To me, it's got pretty much everything that I can ask for. The MACD is somewhat slower than the other indicators, so having it not cross over yet is not a deal-breaker what so ever. Even having said that, the MACD histogram has continued shrinking each period and is very small relatively at this point in time. My last post about BTCUSD was to short the daily chart on 12-31-2019, and to look for the bounce from the bottom BBand for a potential change in trend. Combining my theory from the daily chart, and this 5-day chart I really like the chances of a trend change here. We may all wish we accumulated more at 7k. If this is the trend change, we could break 2019's highs. DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
COINBASE:BTCUSDLong
by BigBitsIO
3
Is the bounce completed? Are bulls ready to overpower bears?Well, watching the shorter 1m, 5m and 15 min charts, I need to take profits off the table back to neutral until the bulls really show up. Bounce players would not be overly convinced here until new short term resistance at 3.03 and $3.07-$3.08 is broken. We have short term support at $2.82. I fear that on any sector or market weakness, the bears will pie drive this down to the low $2s based on the two Bear Flags and Pennant seen this week.
TSX:ACB
by UnknownUnicorn2413721
$MED Oversold and Due For A Bounce$MED is now extremely oversold with an RSI just above 20. After missing earnings last Friday, what's notable is that traders did buy the dip and we got a green candle on the day. We believe this is a sign that $MED is now too cheap to ignore. $MED is now trading at just 12x earnings and a PEG of 0.62. Medifast (NYSE:MED) closed down 27% on the heels of its Q3 report. Highlights: Revenue: $190.1M (+36.5%). Net income: $15.9M (+15.4%); EPS: $1.32 (+15.8%). Q4 guidance: Revenue: $157M - 167M; EPS: $1.03 - 1.13. 2019 guidance: Revenue: $700M - 710M from $730M - 750M; EPS: $5.80 - 5.90 from $6.75 - 6.95. Guidance revised due to "short-term challenges." Medifast, Inc., through its subsidiaries, manufactures and distributes weight loss, weight management, healthy living products, and other consumable health and nutritional products. It offers bars, bites, pretzels, puffs, oatmeal and cereal crunch products, drinks, hearty choices, pancakes, puddings, soft serves, shakes, smoothies, soft bakes, and soups under the Medifast, OPTAVIA, Thrive by Medifast, Optimal Health by OPTAVIA, Flavors of Home, and Essential 1 brands. The company sells its products through various channels, including the Internet, call centers, independent health advisors, franchise weight loss clinics, and direct consumer marketing. The company was founded in 1980 and is headquartered in Baltimore, Maryland. As always, trade with caution and use protective stops. Good luck to all!
NYSE:MEDLong
by InsiderFinancial
BITCOIN OVERVIEW : (TF = 4H)When we look at the Bitcoin 4-hour chart, we see that we have to wait carefully. I think the regions close to support and resistance are not as remarkable as the risk / reward ratio, at least for now. The reason we wait carefully is that the certain closures just above or below the resistance can be profitable in terms of the risk / reward ratio. I'm in the news right now, we're closer to a positive break, but need approval. If I see something, I will share it as a new idea.
BITFINEX:BTCUSD
by Noldo
$GDOT Looks To Be A Buy Above $25$GDOT has been beaten up pretty badly. The stock just hit new 52-week lows after disappointing 2020 guidance. But we think there's opportunity, especially after traders bought the dip on Friday and we got a green candle. The 52 week high is $86.46 after all, so $GDOT could be in the bargain bin for many. Green Dot (NYSE:GDOT) plunges 18% after preliminary 2020 guidance discussed in its earnings call disappointed investors and analysts. CFO Mark Shifke doesn't expect "to guide much more than flat on the top line and perhaps $65M lower year-over-year on adjusted EBITDA" when the company provides formal 2020 guidance on its February earnings call. Cites combination of reduced interest income due to lower rates, about 150 basis point reduction associated with GDOT's renewal of its Walmart MoneyCard contract, higher SG&A expenses for its banking-as-a-service platform, and higher marketing expenses. BTIG analyst Mark Palmer writes in a note that that implies FY2020 adjusted EBITDA of $175M-$180M vs. consensus of $273.5M. He reiterates neutral recommendation. Quant rating is Very Bearish; Sell-Side average rating is Bullish (5 Very Bullish, 2 Bullish, 9 Neutral). $GDOT is attractive as it trades at just 11x earnings and 10x next year's earnings. Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, and other financial services. It also provides swipe reload system for crediting cash onto an enabled payment card by swiping the payment card at the point-of-sale through Green Dot Network participating retailer; MoneyPak, a product that allows a consumer to add funds to accounts; and e-cash remittance, a service that allows a consumer to transfer funds to a smartphone, as well as offers disbursement services through Simply Paid platform. In addition, the company offers prepaid cards, debit cards, payroll debit cards, consumer cash processing services, wage disbursements, and tax refund processing services, as well as issuing, settlement, and capital management services. Further, it provides mobile banking, loan disbursement accounts, mobile P2P, money transfer, instant payment, and processing and settlement services. The company markets its products under the brand names of Green Dot, GoBank, MoneyPak, AccountNow, RushCard, and RapidPay. Green Dot Corporation markets and sells its products and services through retail stores, various direct-to-consumer Websites, corporate distribution partnerships, tax preparation companies and individual tax preparers, and apps, as well as distributes through ‘Banking as a Service’ platform. The company was formerly known as Next Estate Communications, Inc. and changed its name to Green Dot Corporation in October 2005. Green Dot Corporation was incorporated in 1999 and is headquartered in Pasadena, California. As always, trade with caution and use protective stops. Good luck to all!
NYSE:GDOTLong
by InsiderFinancial
ZENA at 23.5 is a double bottom and STRONG speculative buyTraders should note the double bottom at 23.5 This is a speculative buy at this point but with chances we might go lower as confusion over $ZENA and Z$ENA.RT continues with investors and traders. Bears have been viciously taking advantage of the situation and rightly so. The last standing living mauled bulls aren't moving and a large group of new trading and investing bulls are all watching for the charts to turn bullish. A large take over hostile takeover of Zenabis might be in the works. I'm scaling in although it's not prudent. Waiting for the confirmed higher highs & higher lows for a safer position. Fully diluted market cap is $82M CAD or $62M USD. That's with $20.8M fresh cash in the coffers from the Rights Offering to be completed in November. With over 5M grams of production expected in November, the short term crash created a great buying opportunity.
ZLong
by UnknownUnicorn2413721
CTRA BUY?Contura Energy, Inc. (NYSE: CTRA), Time To Buy? If you are in the money making game probably you have one question in your mind: How can I pick the next stock to invest in or to trade with? Honestly, it`s not easy, but luckily you have multiple chooses in front of you. Firstly, and this is a harder way, you can spend days of researching through thousands of publicly traded companies and expert advises and opinions. However, there is an easier way to. For instance, you can look at the stocks that smart money investors are collectively bullish on. The idea is next: Where the smart money goes, profits are flows. Smart money, AKA hedge funds, and other institutional investors and professional traders usually invest large amounts of money and time, and they have to conduct due diligence while choosing their next stock to invest in, and trade with. The truth is that they don't always get it right, but, on average, their picks historically generated stronger returns from 90% of retail, sessional traders. Especially after adjusting for known risk factors. Speaking about hedge funds guys, let’s take a look at their recent activity with Contura Energy Inc. (NYSE: CTRA) Let us be clear, CTRA is not among the most popular stocks, but it was in 22 hedge funds portfolios at the end of June. A total of 22 of the hedge funds are bullish on this stock. At the same time there is a change of -31% from March. Since CTRA has experienced a decline in interest from hedge fund managers, logic holds that there is a sect of fund managers that decided to sell off their entire stakes last quarter. Still, the largest shareholder of CTRA, with a stake worth $118.5 million reported as of the end of March, is Whitebox Advisors. It is worth to mention that CTRA stock returned -46.1% during the third quarter and underperformed the market. That is right, CTRA is deeply oversold at the moment. Note this- At The Moment- because the price can still be in the red for some time, but rebound are coming. The oversold levels are among the best ones to jump in and potentially to make solid returns. Same levels have the best Risk/Reword ratio, and as you know higher risk is to buy something what is already at the pick and overbought, comparing with buying at oversold levels such as this one. From Technical Analysis point of view the price is near 3Y low. The absolute low is at 16.59 level. The RSI, on weekly chart, with his current levels, between 20 and 30, suggesting that rebound can occur. At the same time this is a signal that the price is oversold and in a down trend. According to technical analysis the most reliable buy signal is when the RSI cross over 30 levels. Current value is 27. On a daily chart RSI is above 40 level, and the support level at 22.58. Current price is 23.69 and potentially can test support level in near time. It is crucial to monitor this level and the RSI movement in order to find the best possible entrance. Potential target can be found at 32.45 level. According to analysts gathered on CNN money expected up movement is up to +52% at 36 level. Example of trading plan can be with S/L at 22.50 (-5%) and T/P at 32.40 (+26%).
NYSE:CTRALong
by DejanDjekic
WORK - Is Lunch Over?Since its IPO, WORK has not done very much for its investors. As the chart shows, it has basically been a descending channel that has been unbroken up to this point in time. The recent price movement, however, has created a bullish divergence with the RSI indicator while the price is moving out of an oversold condition. This combination may allow the price to move up and out of the bearish channel. I would not expect any giant bullish move, but if you were interested in a short-term trade, the opportunity may be there soon.
WLong
by Chartimistic