Is the BTC Bottom in? October the Month of Mega Gains?For all your ichi lovers ou there, on the 1D, we've got one of the most beautiful E2E's ever, but we're just sitting below this cloud resistance, which we'll likely see act as support as we react at that top supply, so a level to consider for eventual pullbacks.
This is also an important level from a fibs standpoint (my fibs are set from a while back to look at the overall picture, I'll still draw more recent ones when I'm looking for pullbacks also.)
I would not be surprised to see a quick pullback to that 44-45 level before our next move, but are still holding spot buys on the chance that we pump into the weekly close and Asia gives us a little kick as well.
I mentioned 2 days ago I had a feeling it was getting close to an alt run.. I'm getting a lot more confident of that after this move, but we still have work ahead of us and i'm not jumping too deep into the few positions I have open currently.
I think there's going to be a few trades put on this October...
Profits
BTC/USDT BREAKOUT Bitcoin to USDT is now in a breakout in the 1D time frame. We need the daily candle to close above the resistance line (Pink Trendline) to be able to confirm this breakout. If confirmed we can see further push into the Bull Territory marked zone and on its way to 53k soon and possibly 55-60K within this month(October). There can still be a retest of the newly formed support(Pink Trendline) but so long as we remain above the resistance line (Pink Trendline), we are considered bullish as long as confirmed. This will allow the rest of the market to follow and push very heavily. Next upcoming chart will be BTC Dominance.
MONEY: IN SMALL TRENDSIn my own methodology I've shown in other charts that, it doesn't matter which time frame you make your money. I even showed a 3 min trend on one occasion. All this true is trend-following - which is different to following a moving average of some sort. The ATR line reacts differently to price fluctuations.
The important thing is to minimise losses.
This chart is a 15 min time frame. It's of little value now because the start of the trend is where you want to be. But for the future I'm showing where the entry point is. Similar strategies can be used on other time frames.
1. See the trend breaking down and fighting to stay afloat.
2. See the double top on the 15 min time frame.
3. See price collapse.
4. See the rebound to 0.5% fib.
Experience is required with all this. In this scenario the stop-loss could have been just above 0.618. That was an unlikely rebound in this particular scenario because price was struggling already. (In other scenarios where price isn't struggling as much I've seen retracements to 0.76 and above).
Please note carefully: true trend following is a higher risk strategy but also an exceptionally higher reward strategy. It loses far more often than other strategies. But numbers of losses mean little. Why? It's the aggregate of the minority of big gains well outweighing minimised greater numbers of small losses. It certainly isn't for 'everybody'.
In he captioned scenario, nobody knows how far that 15 min trend will go. NOBODY! For trend-followers in this scenario, the exit would be the amber line. In other words, the market shows the entry point and the exit point. That's very scary.
See same strategy on the lowly 3 min time frame below
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Few moments away from MATIC breakout?If this chart analysis holds true, we could experience a falling wedge upside breakout in a short time.
Take a position if the price breaks out of the upper line of the falling wedge.
take profit targets:
Target 1 - 1.3$
Target 2 - 1.39$
Target 3 - 1.48$
Target 4 - 1.6$
Target 5 - 1.79$
I like to keep it simple!
Follows, questions, likes, and comments are - as always - greatly appreciated.
Take at your own risk!
ETHEREUM/USDTThe chart is based on the 4h time frame of ETH. My take on ETH :
Initiate a position and buy break out, if the price breaks above the upper line of the falling wedge.
Take profit level:
Target 1 - 3320$
Target 2 - 3475$
Target 3 - 3690$
Target 4 - 3970$
Questions, comments, likes, and follows are greatly appreciated.
Trade at your own risk!
TRADE OF THE WEEK | Price Action Trading💰
Hey traders,
Here is a great long trade that I caught this week on GBPJPY.
The price reached 149.0 major daily key structure support.
Watching the reaction of the price to that structure, I spotted a double bottom formation on 1H time frame.
The trigger that I was looking for was a bullish breakout of its neckline (hourly candle close above).
Once the price broke that, I opened a buy limit order on its retest.
Then, with coming UK news we saw a massive bullish rally.
+230 pips of pure profit.
A great example of how nice winners a rule-based strategy occasionally brings.
Have a great weekend!
❤️Please, support this idea with like and comment!❤️
TRADE OF THE WEEK | Classic Swing Trading💰
Hey traders,
I want to share with you a trend following swing trade that we caught with my students this week:
🇦🇺🇳🇿AUDNZD is trading in a long-term bearish trend.
Breaking key daily structure support recently, we were looking for a short trade on its retest.
Approaching a broken structure the price formed a head and shoulders on 4H time frame.
After a neckline breakout, we opened a short position on its retest.
After 8 days of passive holding & waiting, the price reached our goal.
+125 pips of pure profit & great winner 💰
❤️Please, support this post with like and comment!❤️
AKRO IS ABOUT TO MELT FACES!It's simple to say once AKRO has broken out it will destroy faces with the pumps it will be doing. Don't get in at the top get in now.
$DOT TO $200?!If you looked at my previous analysis for DOT where I had 2 upside outcomes for it you will realise the first outcome is playing out perfectly right about now as bitcoin is steady however let's not get our hopes up bitcoin can drop anytime but DOT will remain strong. $50 incoming sooner or later we will be at $200!
$XDB TO $1 ?!This is my analysis on what to expect from XDB, I believe this project is on its way to $1 in no time. The marketing this project has is unbelievable and I believe there are still many more main events to come in the near future. The sponsoring of ASRoma has helped this project highly but with the money digital bits have put into this project they deserve it. DYOR.
BUY TJX Companies (TJX) for a move up to $89.50Dear followers & copiers,
💎We've just opened a LONG $TJX (TJX Companies Inc) position using 3.63% of our equity. You can follow our corporate investment portfolio for FREE on eToro. 📈
What does $TJX actually do? ✅
The company is based in Framingham, MA, and is a leading off-price retailer of apparel and home fashion goods both in the U.S. as well as globally.
TJX Companies has become a world widely recognized brand and symbol of buying goo-quality fashion products at a fair price. The company has more than 4,300 stores worldwide, which makes TJX a truly global enterprise.
TJX Companies has always focused on introducing a wide range of products across at varying prices in an attempt to appeal to a larger customer audience. Furthermore, The TJX Companies implements very well the rapid turn of inventory strategy for attracting customers, where the company basically creates the sense of urgency and scarcity for its products.
🥇One of the most important things not only in an oversaturated sector like Retail, but also in an industry like Fashion retail is to be able to build a strong USP, as that would help you to separate yourself from the pack and stand out in some way. The company has been able to distinguish itself from traditional retailers through the usage of opportunistic buying strategies and the facilitation of a flexible business model.
Furthermore, The TJX Companies has established its operations through the implementation of a generally low-cost structure , which definitely sets it apart from other traditional retailers. For example, in order to maintain control on costs, the company has chosen to promote retail banners, rather than specific brands.
From a distribution network standpoint, $TJX is also designed in a cost effective and efficient manner. One of the ways through which the company has managed to accomplish that is through the development of strong relations with the vendors that $TJX is working with. TJX Companies later uses these strong relationships in order to leverage buying power, negotiate better business parameters and deals.
💯The TJX Companies operates through four business segments:
In the U.S., it operates through two segments, namely, Marmaxx (through stores under the names of T.J. Maxx and Marshalls) and HomeGoods.
Marmaxx divisions (60.3% of FY21 Sales) sell family apparel (including footwear and accessories), home fashions (including home basics, accent furniture, lamps, rugs, wall décor, decorative accessories and giftware) and other merchandise.
HomeGoods (18.9% of FY21 Sales) chain offers home basics, giftware, accent furniture, lamps, rugs, wall décor and decorative accessories from around the world, seasonal and other merchandise.
In Canada, it operates through TJX Canada (8.8% of FY21 Sales) through stores under the names of Winners, Marshalls and HomeSense and in Europe, it operates through TJX International (12% of FY21 Sales) through stores under the names of T.K. Maxx and HomeSense.
Why we bought the stock? 🤩
The HomeGoods segment has been seeing robust demand for a while now. In Q2, comp store sales of those stores that have remained open surged 36% YoY. The strong upside should not be a surprise to investors as TJX Companies has experienced solid and continuous sales growth not only in just few categories but rather across its whole product portfolio. The Net Profit from the HomeGoods' segment was also up 42% from fiscal 2020 levels.
Another major positive catalyst for the stock in the future will be the launch of homegoods.com in Q3 of this year. We believe that this is a major step in the right direction for $TJX, which will drastically improve its profitability and increase its customer base. With the secular bull market that we are seeing in the Real Estate sector and the favorable demographic development around Millenials and Gen Z becoming first-time home owners, we expect to see hundreds of millions of people needing a place to buy qualitative home furnishing goods at a relatively low price. TJX Companies will be in a great position to offer just that!
The company has continued to invest heavily in its marketing and advertising campaigns and has further developed attractive, innovative and different loyalty programs, gift giving initiatives, "treasure hunt shopping" and other club benefits.
As a result of the serious increase in online shopping worldwide TJX Companies has undertaken several initiatives to boost its online sales and strengthen its e-commerce business. This shows that the company is willing to evolve together with the always-changing market conditions.
On the Q2 earnings call, the management highlighted that it is seeing impressive sales growth for both the U.S. and U.K. online businesses. The TJX Companies’ off-price model, together with its strategic store locations, impressive brands and fashion products, are definitely expected to serve as a strong catalyst for both in stores and online performance.
📈 Technical Analysis 📈
After the most recent 10% correction in the stock price, #TJX is currently sitting at a very strong support zone around the $68-70 range. As you can see on the chart there are few key supports that are currently in play. Firstly, we have the 50-day EMA, which is currently sitting at a around $70, then we also have the upward sloping diagonal support of the uptrend that started at the end of March, 2020, lying at $68. Last but not least we have the 200-day EMA sitting at $66.47 acting as a safety net to the downside. Following the great fundamental story behind the company, the fantastic discount in the stock price, the strong uptrend that the stock has been moving within for over a year and a half now and the multitude of technical supports lying at current levels we are strongly BULLISH on the stock for both the short and mid-term. Our year-end price target for #TJX is $89.50. 🚀🚀🚀
Sincerely,
Dow Experts
POSSIBLE OUTCOME FOR $AKRO!I am expecting a breakout from Akro in the coming days and my first target is $0.05. Hopefully, we reach this target. I will keep doing market updates through out the cycle. TAKE PROFITS, DYOR AND DONT FOMO.
ALICE/USDT When will the boat leave the harbor?The volume trading is good for the breakout signal, if you believe in a nice weekly candle on monday and the growth continues so u can triggle Buy in shorterm or hold Alice for soon at there. BTC is running on my prediction at the beginning of the week and lay the groundwork for this weekend's effort to buy altcoins at good prices. I also consider the last few days a good accumulation zone.
Next targets are $26 and $55
Anything that doesn't make sense, please give me a comment. Please motivate me to develop myself and help someone needed.
Don't forget click like, it's a hug for me. Thank you!
TVSMOTOR LONG INTRADAY 31 AUG,2021Dear trader,
If u look at the chart of TVSMOTOR (analysis based intraday only) the TVSMOTOR Buy at 520 and Target at 532
Best Buy at 518.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.