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NAS Crash Incoming?"Biogen Inc. rose the most since November after it received approval for its controversial Alzheimer’s disease therapy. Competitors including Eli Lilly & Co. and AC Immune SA also rallied, helping push the Nasdaq Biotech Index toward the highest since late April." (Bloomberg, 6/6/21). Will we see NAS push to April's high or will it reject off of 13830? I feel as though a 200 point movement to the upside is too much to ask for with the concerns over inflation still heavy above our heads. Big move likely to happen during Asian but i'll be asleep. Ha. Zones and channels marked out to the downside ready to buy from if it does end up crashing though.
U
by darbova
GNW Beautiful Triangle!Hello Community! When looking at GNW we can see it clearly trading in a triangle on the weekly TF. We need to pay close attention to this pattern and watch to see how it reacts to the trendlines shown. Overall, this is usually a bearish setup but anything can happen in the trading world. Based on the technical indicators, it's looking bearish for the next week or two. The MACD is beginning to tick towards the red and the RSI is forming a lower high. I can see a retest of the lower trendline in the near future, which would be a great place to start a long with a tight stop-loss. If entering a trade don't forget to use a stop-loss. Don't trade with what you're not willing to lose. Love it or hate it, hit that thumbs up and comment. It'll be greatly appreciated! This is not financial advice. Safe Trading. Calculate Your Risk/Reward & Collect! Simplicity Wins (:
NYSE:GNW
by rnaofs
1
Bitcoin Bullish and Bearish scenarios Bitcoin has recently broken out of the symmetrical triangle but quickly came back in and broke down. It's currently struggling to get back into the triangle which could indicate a retest and more price downtrend. In case of a retest I would short/sell with stop loss over 37k. If the retest happens I expect more downside, I would set my eyes on the first support, if that one breaks, the 30k support is bitcoin's last hope. Target if we break down with good volume would be around 23k. In case bitcoin returns back in the triangle and breaks out, I would set my eyes on the first resistance and I would buy/long the retest on the triangle, in case good volume comes in, I would set my eyes on the second resistance and after that one, 52k is our target.
COINBASE:BTCUSD
by oiradcirep9
1
$20,000 BY JULY 1ST (BTC) OSCILLATOR OVERBOUGHT FOR 7+ DAYS Good afternoon, First of all, please hit that like button or leave a comment! 👍 Second of all, shoutout to my counter traders you're now tapped at the top. Third of all, we've seen 2 fake outs over the past 3 days which may result in trapping bulls and liquidating them. If you seen my last post or follow my twitter (YurloYT) you'd know I've been talking about the idea this may of been a fake out before heading towards $34,000 ish and if we hit that zone its likely we won't stop. Lastly, the fact this is happening during the Miami bitcoin press conference is PRICELESS. (Daily momentum oscillator has been overbought for 7+ days, we've seen 2 fake outs with a significant dump shortly after. If the next 2 support levels fail we probably see the next capitulation phase sooner than everyone expects, and no this isn't financial advice, just my personal bias) Don't get trapped you won't like being liquidated in leveraged longs once the dump REALLY starts. Once liquidations start going off it will cause extreme panic and fear which will increase the sell off pressure. (you've seen nothing yet)
BITSTAMP:BTCUSDShort
by YurloTrades
14
GBP/USD Changein chart position we can see it was still in bullish trend and it make modern waves so its still possibly continue the bull trend. just keep on eye to the chart and don't forget to read some news happy weekend guys :) just wait until price get out from the flag, if its still at bull trend you can put on long position and take profit at : TP1 : 1.42632 , TP2 : 1.42378 , TP3 : 1.44207 and if its go to bear side and take short position you can take profit at : TP1 :1.39656 , TP2 : 1.39119 , TP3 : 1.38582
by alfiansyahh21
Short USOILSo after i were (more or less) correct about the direction of oil, i wanted to have another look at the future. I think oil has a little more fuel to go up, but i also see the power of OPEC and them amping up the production, causing a potential fall in the oil prices. Therefore, i presume, we are going to see a minor downfall in the USOIL chart. im guessing a minor, because we are still in a covering fase in the world, so there are still more oil demand happening.. so only a shorter fall and then up again. Let me hear what you think :)
TVC:USOILShort
by Hvalp
BTC may drop now to the bottom of the golden pocket and beyondThe type of dip (descending arch) we are seeing on the hourly often has a sharp fall to follow. If we look at the last descending arch it was the last time there was a major dip. Following that we can estimate where it might fall to and take out a long position. For now it's a short. The first drop might bounce from the bottom of the golden pocket, which is also the weekly S2 and the bottom of the forming triangle, providing us with some confluence. A bounce to the upside would probably see it reflect off the top of the golden pocket / weekly S1 and make its way forther down to find support again at around the 29k mark.
Short
by myleztone
1