$CLSK morning dip buy up 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
The crypto market is at its loading zone. My team is loading up shares of crypto related companies that we believe will surely benefit from this rally.
Today my team purchased shares of clean-energy software and bitcoin mining company $CLSK at $10.30 per share. Our first target is $12.50
Our entry: $10.30
Target 1: $12.50
Target 2: $9.75
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Rally
AMD has an interesting weekend and (possibly) week ahead. Wow, is all I can say about AMD. It has been a killer week filled with rallies and bleeds spawning from thin god-damned air. What has caught my attention, is this multi-day Head and Shoulders, picture perfect on the 1hr. We saw the usual bleed after right shoulder formulation which allowed us to see these clear supply and demand zones(consisting of a 4 hour supply, 1 hour supply, and a 1 hour demand), and AMD actually bounced off of 2 of 3 of these derived zones as seen in the photo. AMD continued to do AMD things for a bit after the H/S bleed. Now we see many hours candles touching this 109.87 range, 3 times to be exact. In my conclusion, we should see AMD hold between 109.87 to 115.39 (which is the end of the 1 hour red-highlighted supply zone) for the weekend, until institutional and retail investors have their hands on deck come Monday.
Say AMD happens to fall below 109.97 resistance? Simple, I see AMD falling to 102.75 to enter that demand zone it had previously bounced off of and can make for a nice put setup. (ORANGE LINE)
Say AMD happens to break that supply zone completely, what now? Well, one of our derived zones is still pure, untouched. We should see a push to 118.05 setting up for a nice call setup, which is the gate to the demand zone. Here would be an instance to set a rather conservative SL (if one hasn't been set already), this zone has yet to prove its validation and I would hate for someone to lose their money chancing a demand zone invalidation. (GREEN LINE)
Let's make some money boys (or girls), peace.
Bitcoin rally signal to 43,000~45,000 on weekly 0.3 Genesis FibBitcoin just shifted the weekly chart into positive as seen on the Momentum Oscillator indicator. It is the first time since the several months of bear market we have experienced that Bitcoin finally confirms consolidation at the 0.5 Fib
Yesterday, BTC had an much easier win for the 41,3 resistance than expected. Momentum is on the side of the bulls as it will take a either a major world event or an almost impossible effort from the bears to shift this back into sub 40,000 price mark.
Without a doubt, if Bitcoin breaks through the upcoming resistance at 0.3 genesis Fib, respectively ~43,600 price mark, BTC will be shooting towards 45,000 without much resistance. At 45,000 it is highly possible that retail market will gain confidence into bulls, and with that confidence, Bitcoin will push above the ~50,000 price mark.
However, bulls should pay attention for the strong resistance at the 0.2 genesis Fib.
Definitely a long signal here, shorts should be closed or extremely closely monitored.
Top or bottom ? - MAJOR confluence in index futures:Chart shows the combined 3 index. They are weighted so that a 1 point change will imply the same change in $ terms. (For weights see www.barchart.com
In the red box is a confluence of:
Support from 3mo chart (previous 2 candle) in purple
POC of Volume Profile
0.5 Fib of recent HH and LL.
Redbox marks current swing high and low
The Prediction:
Expansion of range
Direction: I assume random
GLD Monthly Breakout Imminent!11 month accumulation with a big range expansion in Feb. There is the possibility to expect a second level target here which would bring the price target to around $204. I'll wait till the end of Feb before entering to await confirmation of a breakout.
As long as the price stays above ~173.80 we will have a confirmed breakout.
Closing for the month above $173.80 would make the monthly range expansion greater than the previous candle, confirming the breakout.
$TLRY smoking on that tilray pack 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Recap: The market has been in loading zone the past couple of weeks. My team is loading up shares of companies that we believe are likely to benefit from this rally.
Today before the market closed my team purchased shares of marijuana company Tilray Brands $TLRY at $6.26 per share. Our take profit is $10
ENTRY: $6.26
TAKE PROFIT: $10
(OPTIONAL) STOP LOSS: $5.50
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$BTC is bitcoin headed to 60K?! 👁🗨
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
!! This chart analysis is for reference purposes only !!
My team closed out our bitcoin trade the other day securing a 18.4% gain. Whether this was a good remove or not remains unknown since the rally appears to be continuing and may even reach 59500-62000!
Our team is still holding shares of these crypto related stocks: Coinbase $COIN, Cleanspark $CLSK, and Marqeta $MQ. So, we will still make money from these three in a crypto rally even if we aren't holding $BTC itself.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
False breakout should expect downsideBTCUSD went on a short-term buy and a fake breakout pass the supply zone and made a bull trap. Should expect a downtrend while going downside. We aren’t that far from 20K so get your seat belts ready because I expect 28-14K somewhere around there for the buy might go about 20K we will see how far will drop. Should expect there around March or April to that low then a nice LONGTERM buy.
Once we hit that low I expect BTCUSD to hit over 80K this year the big target is 100K but experts said Bitcoin will hit greater than 100K guessed it 200K.
But first let’s see how low it goes and pay attention how low it will go. I be waiting for that low around that area to buy and buy the dip.
$SPY Is The Sell Off Over?The above chart is a daily candle chart of the S&P 500 represented by SPY. The red arcing area is a distribution phase. The yellow highlighted area seems to be an area of indecision with both pockets of support and resistance. With in this area there's a possible "follow through day". Which, as described by Famed Technician William O'Neill is:
"A follow-through day occurs during a market correction when a major index closes significantly higher than the previous day, and in greater volume. It happens Day 4 or later of an attempted rally. Leading up to a follow-through day, an attempted rally takes place during a downtrend when a major index closes with a gain. The rally attempt continues intact as long as the index doesn't make a new low. Follow-through day variables include: an index closing sufficiently above 1% on increased volume, positive behavior of leading stocks, and improved market action regarding support vs. resistance levels. The most powerful follow-through days often happen Day 4 through Day 7 of an attempted rally. In the wake of a follow-through day, the market should continue to add gains in strong volume, with breakouts by top stocks. This is further confirmation a new uptrend is underway."
Do we fit the criteria of a follow through day?
1) Did we have a market correction?
Peak-to-trough was a roughly 12% drop.
2) Was there an attempted rally?
January 24th saw a 4% plus drop only to close higher on the day. That low has proven to be the low of the sell off thus far.
3) Was there a higher close on strong volume on day 4 or later?
On the fourth day, the index closed 2.5% higher then the previous days close on stronger volume.
4) Did the rally continue on strong volume?
Today, the fifth day, saw the index rally back above the 200 Day Moving Average for a nearly 2% gain and on above average volume.
5) Did leading stocks breakout?
The rally was lead by tech stocks and with in the group semi's such as NVDA and AMD lead the way.
The argument for a follow through day seems pretty persuasive.
What does the community think? Too soon?
BTCUSD Elliott Wave Forecast - Wave 4 Bullish Hidden Divergence*Re-post* Previous idea got removed.
A guideline for all variations of a flat correction is that Wave C is required to have momentum divergence (please see linked ideas below).
In this instance, the chart above depicts a Bullish Hidden Divergence on the weekly TF. A Bullish Hidden Divergence occurs when price action prints a higher low whilst the momentum indicator shows a lower low. This can usually be spotted towards the end of a correction indicating that price may soon rally.
I hope you found this useful, do leave your thoughts in a comment below.
As always, a 'like' and 'follow' is much appreciated and provides encouragement to share further ideas.
Thank you for taking the time.
BeyondEdge
Your Edge Is Your Perception. Go Beyond.
Bargain hunters go shopping into tech and support US IndexesMorning Jumpstart Macro View and US market recap 31-01-22
US ended the week with a bang as bargain hunters went shopping to support the broader US market. Tech was again the favoured stocks which lifted the SP500 while the DOW lagged the enthusiasm. There may be some end of month window dressing on the cards also which may have provided some support.
For a deeper look at the price action, key levels and what I see playing out...watch the video and feel free to leave any comments.
View more at www.tradethestructure.com
BTC/USDT Historical Data This Chart shows Back in April 21 Bit coin After Successful Top of Around 65K , Its Starts Retracting and Dips around 29k in May . The price Consolidated in Red zone ( Marked in chart ) Till July 21 after that Price took a strong rally toward its new All time high of over 68k after that It retraces Back to Red zone ( Marked in chart ) . Every Investor is Expecting a rally Again After Consolidation in Red zone as Historical Data Suggest.
Moving to 29K fragile support levelI'm afraid we are now moving in a real downtrend.
If Bitcoin moves below 27500 USD, we will really have a very bad situation. If it holds around 29000, there will be no disruption
in its move to above 68K +. so if it rebounds at 29000 USD, we can have hope for a 87000 USD resistance target.
But it's too uncertain for now.
Let's hope the 29K support level will not be as fragile as it seem right now.
The bitcoin winter's is here now. it's not about snow, nor cold. But a bloody crypto massacre for many
Don't take my words for granted, do your own analysis to confirm, and trade at your own risks.
Chance to Buy the Rally, Overall Bearish BiasNow is a chance to enter a long during the rally.
-My overall bearish bias for GBPJPY is bearish.
-Price is currently in an area of support.
-The previous 4h candle ended in a doji and appears to be forming a morning star candlestick pattern.
-A formation of the candle stick pattern along with respecting the support area is showing that price is building bullish momentum and ready to make a bullish push.
-After the break of the previous low I am expecting price to retrace and test the former support area which is now acting as resistance.
-According to the fib this previous area of support also aligns with the 50.0 fib level.
-I am expecting price to rally to the 50.0-61.8 fib level before making another bearish continuation.
-Price should test the previous level of support, acting as resistance and create a lower high (LH).
GOLD Forecast 1/7Buy setup today on Gold, we are looking for price to bounce at 1789 and retrace into 1810-1813.
As long as the C wave is holding and price does not close below the previous low this set up will be valid. Once price has retested this zone and trends upwards, then our target is the previous point of control around 1813. Our stop is tight as NFP is today and is placed at 1784.
Enjoy & Happy New Year everyone, lets aim for another historical year in the marketplace.
^_^