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Riskreward

$HUT primed for a rip? BTC up, do miners make a run?With BTC/crypto finding support going into the weekend, crypto miners are set to make a run for the week of 2/7/22 I traded $HUT in the past on it's run to it's high of $16.57. Many bag holders on the route back to that high, so I would expect selling pressure on any movement to the upside. Not expecting a run to $16 in the coming week, but a run to $9.00 definitely looks possible Drew some crystal gazer tarot lines (lol) from recent high bullish volume points that create a channel that looks primed for a break out 1st PT: 7.09 2nd PT: 8.10 3rd PT: 9.00 $5.8 range is support/technical exit level Watching for confirmation of break of 50EMA for further movement to the upside BTC/crypto sentiment will weigh heavily on the momentum of movement - bullish and bearish Many of these miners are great for trading to grow small accounts, and often run parallel with BTC/crypto sentiment As always, stay sharp, and manage your risk! Good luck! Senor C *Not financial advice*
NASDAQ:HUTLong
by Senor_C
GBPJPY Day Trade Idea // Price Action TradingGbpjpy can move quite a bit. It can be a blessing and curse. Mentioned previously in the > JPY Weakness Post, we discussed potential JPY weakness , given current market sentiment leading up to interest rate announcments for the GBP and the EUR. Very bullish Price action confirming our bias, this means buy the pullback >> and aim for good risk reward >> be confident in your decision >> embrace a probabilistic mindset >> When you take wins, don't be surprised because that's what you were looking for in the market. >> Losses suggest higher volatility that you didn't anticipate correctly, or you are simply outright wrong with your analysis, and you should go to the Higher time frames , and this will give you your answers, with appropriate reasoning and logical thinking
Long
by ShrewdCatfx
NQ / MNQ - Ready to climb and here's whyThe red pitchfork indicates the ongoing downtrend is intact. The Overshoot below the lower medianline parallel is acting now as support as we can see at the green circles. The 1,2,3,4 numbered channel (which has nothing to do with the pitchforks btw.) is up-sloping. Point 4 is projected from the slope of 1 & 2, and the attached handle at 3. This gives us the inflection point 4, which converges perfectly with the red L-MLH . This is a good time to draw a new (grey) pitchfork. And we see how wonderful even the handle touches the prior convergence (green circle & L-MLH). RSI has already crossed to the upside on the 24th and seems to hold now the critical oversold level to go north again. To me, these are nice indications that NQ will move to the upside. A superb Risk-Reward Trade.
CME_MINI:MNQ1!Long
by Tr8dingN3rd
ULTRACEMO - LONG @CMP 7660Swing Idea: NSE:ULTRACEMCO - LONG @CMP 7660 Entry -> 7660 SL -> 7395 TGT 1 - 8000 (R:R = 1.3) - Time frame -> 1 month TGT2 - 8200 (R:R = 2.05) - Time frame -> 1-2 months TGT3 - 8800 (R:R = 4+) - Time frame -> 4-6 months Reasoning: - Stock moving in a channel since 1+year. - Stock moving on lower end of channel with good consolidation - On the verge of breaking triangular pattern Caveats:. - Can go below channel on global cues, and pandemic news. Shake-up possible. - Earnings coming up in 3 days, could be a make or break situation
NSE:ULTRACEMCOLong
by it_swing_trader
ROSEs are red...ROSE is currently testing its 100-day EMA and ~0.455 level. It has also been trading within an ascending channel since December 2021 where it gained ~192%. Naturally, since its ATH it has faced a pullback to its 50% fib level. ROSE must now decide whether to fall further toward the 38.2 level, which is a common occurrence when BTC is weak, or it can gain momentum and re-test its higher fibs and ultimately its ATH. ROSE has a good risk: reward ratio. If BTC avoids a further fall below the 40k level, ROSE can move up. It is important to wait for confirmation of the trend before entering a trade. Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :) Please feel free to leave your comments and thoughts below!
Long
by kush23456
2
Bearish Entry ExampleThis kind of price action happens all the time, you just have to spot it while it's happening so that you can plan your trade and execute. I have put this together to give you an idea of the type of things I look for in the hope that it can help you too. Once price action has made a clear impulse to the upsides and taking out previous structure that's our first sign that the buyers are stepping in. Once we see some corrective price action we can place our fib from the high to low, mark out previous structure and identify the pattern that price is making to build a picture of where price is most likely to reverse giving us the best possible entry.
COINBASE:BTCUSDEducation
by UnknownUnicorn26193975
3
Good Risk/Reward SituationSXP looks really interesting here, and if you're a gambler, this might be a bet worth taking. The bearish case is that we have a large Descending Triangle. The bullish case is that we have Extreme seller exhaustion and may soon be printing bullish divergence. It's important to point out that while normally I would look at seller exhaustion as being a good bullish sign, *extreme* exhaustion can actually be a bearish sign as it can indicate that demand has all but dried up. However, in this market, a small-to-mid cap coin with dried up volume can be very tempting for speculators as it won't take very much volume to generate huge volatility. I think this is a gamble that could pay off big and might be worth a small position here.
Long
by mercury_rising