BGLC gathering momentum to gain some profit .....BGLC gathering momentum to gain some profit though it may be temporary or rather say a correction pattern as we will follow.
we can expect impulsive wave to reach 3.87$ or ABC correction wave.
the sure thing is, after correction comes impulsive so we can see the BGLC rise in the near future.
3.87$ per share is a key level where we will observe to analyze the next move.
Proft
LDOS LONG POSITIONLDOSLONG POSITION
As we can see, the price is in a descending triangle : it means that we expect that it'll reach the hypotenuse of the triangle, we should assure that before place the trade it touches and tests the support(we use the base of the triangle). If it reacts ang goes up , we can place a trade and take profit where there's the hyponenuse.
p.s. if it breaks the base of the triangle , probably the price will decresce and it wouldn't make sense to place a long trade, but we 'll look for a short position
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Gain +50% on TOMO/USDT in a week1st Buy zone on market price - 2.43 $
if price drops down buy BTC activity
2nd Buy zone on middle of channel - 1.93 $
Profit Range :
1st Target - 2.9 $ ( Last TOP )
2nd Target - 3.6 $ ( 1.68% Fibo )
QTUM - Resistance Line at $4A similar form was on the Zcash and Neo graphics, Monero, now it's QTUM's turn to grow.
Causes of growth:
- common bull market
- vertical support level
- struck the level of $ 4
Goals when buying at $ 4:
1 goal - 5,3 $
2 goal - $ 10.8
Stop-loss is placed in the zone of $ 3.5.
BTC UPDATE Part 2! Put on your seatbelt!Hi Traders,
As you can see we closed over resistance and we see a simple ABC pattern here forming.
Its broke resistance and come back for a retest and will now advance and Continue.
Targets Green Dotted lines
You will see in 1 of the related articles below for part 1 of this post.
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You don't make money buying things (SPX Edition)When this story left off (1) we were pegged squarely in the profit-zone. Many strategies came out, buying at the bottom selling at the top (2) . Selling the top, buying the bottom (3). IC's. Butterflies. But finally we hit decision time (4) and market wanted more up. As you can see from our previous estimate, we are pegged squarely inside this channel (5)
We have more up to come, but not without some gnashing of teeth and sideways inaction. In these cases I recommend selling calls and puts. The market isn't going to go up, so sell to people who think it will. We won't tank (yet) so sell some puts to people looking to hedge. What I'm saying is, pay attention to channels and don't always give away your money. Of course, set your stop losses, protect your position, and manage your risk appropriately. Trade smart, gain smart.
IWM negative divergenceIt is what it is. Not much to add, many other indicators and indices say sell, this one was just so precise with the channel
Asia also dipped today, and the selling wave after yesterday's trading followed all over the world. SPY and Nas100 are already trading at resistance (too simple to post on a separate chart), so we're sitting at decision point. One thing that bothers me, it seems too simple. And markets tend to surprise and stay irrational.
Linked a bad chart to this one, but check my charts for indices, you can see some similar observations