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XTM - Breach of downtrend and launchTorum attracted a lot of attention once they were listed on KuCoin, pumped to a high and then fell subject to immense selling pressure. I've had my eye on this project for a while and it has been tempting to "buy the dip". Similar to many alts, $XTM has been heavily affected by the #Bitcoin downtrend since 69k and has struggled to regain solid footing in these turbulent market conditions. On February 7th, XTM broke its downtrend which started on November 19th, for the first time since the 29th of November. Unlike the initial breach in late November, this recent outbreak has shown more strength by successfully retesting the resistance and turning it to support. This shows buying pressure. It makes sense as after the outbreak, XTM had strong hidden bearish divergence and evidence of the MACD crossing over on the 12H time frame. Consequently, we saw a decrease of 34% (at the time of writing 2/18/22). Why didn't we buy XTM earlier? Why is it a more interesting trade now? 1) I have been looking for strength after the breakout from XTM, which did not happen in late November - early December. Breach of the trendline, no real consolidation and dip. 2) XTM is seeing its support hold better against selling pressure and the initial close of our most recent swing low (.2175) could be a good entry as if it forms a double bottom. 3) XTM has been having a relatively neutral month despite Bitcoin having a good start to February (despite price action in recent days!). Obviously, this lack of price increase is not a bullish sign, but what this along with volume tells me is that selling pressure has also substantially decreased. 4) Too much overall uncertainty in the market. XTM was recommended to me by a respected peer, who is bullish on the project's fundamentals. As you can see in the chart, I am bullish from a technical analysis point of view. This will all be heavily influenced by the price action of Bitcoin. Torum is a very low market cap cryptocurrency and thus categorically a higher risk choice of investment, please exercise risk management if you choose to invest. I am not a financial advisor, this is not financial advice. I was encouraged to start posting trading ideas as I have benefitted tremendously from studying the work of others in this community. I would love to learn more, if there is anything you would like to discuss XTM, other cryptos, stocks, or trade ideas please feel free to leave them in the comment section below. Have a good weekend, C
Long
by BahtMover
The rotation from MegaCaps to SmallCaps is in FULL swing.Disclaimer: This chart shows how Non-Nasdaq100 Companies have fared vs Nasdaq100 Companies. I personally interpret this as the "SmallCap vs MegaCap Index". The recent days have been incredible. We're witnessing the probably strongest rotation from MegaCaps to SmallCaps the market has ever seen. 🙌 As some of you might now from my previous ideas - we've been in a bear market for a year , starting on February 11 2021: That bear market seems to be at an end now while the bear market for MegaCaps is just getting started 🐻. Trial number 3 seems to be successful - other's have miserably failed, like this one in August: While MegaCaps have tanked, normal stocks have rallied 🚀: Disclaimer: The chart you can see above is the Nasdaq Composite Index ( IXIQ ) cleaned of Nasdaq100 companies (to the best of my knowledge). It's definitely a good time to be out of ETF's and be in individual stocks that have reasonable valuations as compared to most US MegaCaps. As always, let me know your thoughts. 🤯
TVC:IXICLong
by The_Silen
IWM trade update, and more swing putsIn my previous chart (linked) I gave notice of IWM breaking down from its range. The upper gray line marks the lowest close of the sideways range, and the lower line marks the dip last January. There is a lot of air underneath. I took profits on the dip to 205 yesterday. Today I bought 18Feb puts again at the 208-209 resistance. Now looking at 198 break, then 193, 185. fyi - My option swing trades usually last 1 day to 2 weeks. I only use long calls or puts, single leg.
AMEX:IWMShort
by OptionsRising
2
IWM - is stochastic warning of a major support break?IWM has been rangebound for almost one year now. Price was around highs of 170 before the "Covid drop." The 212 area is strong support, but it may break soon. Since price broke out of the upper resistance and fell right back into range, a break of support may soon follow. Let me explain how I use stochastic %K warning signals, which usually lead price movement. My custom setting is 10-period %K and 7-period %D (I do not use D-slow), which I find to work well for my day and short swing trades. When %K (blue line) drops from above 80 to under 20 in 2-3 candles, it warns of more selling, and the corresponding price candles are usually innocuous. Usually I look for price to bounce first and then make a significant drop, as happened at the end of October (white oval). %K gave a warning signal and was followed by a quick reaction bounce before a larger selloff. Sometimes, as is happening now, %K will give a warning and it is followed by lower RSI and continued selling. This signal does not work 100% of the time, but I use it regularly with high success to enter long option trades. Also, the same is true in the upwards direction; a sharp rise in %K from under 20 to over 80 signals a stock will soon make a significant move up. On 6 Jan I bought two put positions when IWM was 218-219: 21Jan 215 strike and 18Feb 210 strike. With markets dropping sharply right now, wait for a good entry. IWM should retest 212 and if it bounces up again instead of breaking support then I have plenty of time to exit Feb puts without a big loss.
AMEX:IWMShort
by OptionsRising
3
Best places to go long or short the RussellThe Russell is even cleaner than the Nasdaq. Two major buy / sell areas on the chart. So far the Russell has been playing the game of chop. Sweep the lows, sweep the highs and move in the other direction. The same way we had a failed breakout, we could get a failed break down. Best place to sell 2310-2360. Resistance/Gap combo and the real direction for now is down, so it is with the main trend. 2200 & 2080 are decent for short term trades. As we go down they are good for a bounce. If they get broken they are good to put shorts if the market bounces from lower. Best place to buy long term is 1980-2030. Extreme support combo with 1. Untested breakout / gap, 2. Key Bollinger bands, 3. 400 DMA
CME_MINI:RTY1!
by BitcoinMacro
Russell 2000: In the triangle and bullish divergenceWe are in the middle on the never-ending triangle on the daily chart. There was a false breakout a couple of weeks ago but it seems bulls are strong enough to break out this triangle once and for all. For swing traders, sell with an adjusted stop loss and for long-term traders, buy if there is a correction to the lower part of the triangle (2155) or after the correction if there is a breakout (2287). The bullish signal on the RSI is there and it must be taken into consideration and the 2575 level should be reached if the triangle breakout takes place, but normally, after 1 year going sideways, the uptrend should be much longer.
OANDA:US2000USD
by alvaromroo
1
Aurora Chain OR Aurora Smart Contract? Weird but okay..So i found something odd or at least odd to me. I was searching in the low to mid cap coins for an opportunity to buy something extremely low on discount. I found aurora chain. It met the parameters i was looking for which were as follows: 7 day price action % DOWN (25% or more) 24 Hour Price Action % UP (5-10% or less) Market Cap between 15 and 40 million 24 hour daily trading volume to be signigicantly higher than other coins around the same market cap. I couldn't find any information on Aurora Chain's website that linked anything about being an Ethereum Virtual Machine (EVM) I even tried to download the whitepaper from their site and the download read "failed no file" . Most of the articles dating back even to 2018 were lack luster and lots of fud and disbelief in the project and lots of discouraging talk around the community behind the project and the marketing/enthusiast back ground vs a grounded in the more technical side of a successful DEV team. My first thought is that they were taking the "rome wasn't built in one day" mentality and a few years after launch and people forget.....boom. The socials for Aurora Chain haven't been super active. I was eventually able to find the white paper via google on whitepaperdatabase.com and it did specifically mention being EVM compatible. So i'm honestly buggered with the question. two coins same name. similar purpose....whats the link? Maybe there isn't one and the traffic we're seeing come into this project is an unexpected result of people buying the name "AURORA" instead of doing the due diligence to figure out that this Aurora is not the same aurora that is partnered with near as far as my research can tell. On a technical analysis level on the charts though in this video. I break down how (even without knowing or understanding any of the fundamentals going into play behind the scenes) How you could have picked up on the signals of whale accumulation at the right price point. which was totally virtue signaling for a strong bullish rally to the upside. The markets are sentiment driven. Sentiment = DEMAND OR LACK OF Price is a direct result of Demand VS SUPPLY Market cap is only a byproduct of the demand and supply and momentum. IF the demand is high due to sentiment market cap will follow. as will price action. There seems to be some underlying demand for this coin. To be seen . a pending 20x would not suprise me. WIll be monitoring this project (BOTH AURORA and AURORA) very closely in 2022 Keep Stacking It NOT FINANCIAL ADVICE. ENTERTAINMENT. THANK YOU -Kevin
ALong
by Harmonicpuma
1
Aurora (SLEEPER THAT MAY BE A KEEPER LONG TERM)Aurora is the Layer 2 smart contract solution on NEAR PROTOCOL which is the rank # 23 on coin market cap. Aurora is an EVM (EThereum Virtual Machine) As of yesterday the market cap was around 18 million. Today the market cap is sitting at 30 million. Alt high of 5 cents. Currently trading below 3 thousandths of a cent Weekly break and retest confirmed. Momentum coming in VIA volume and market cap indications. I'm expecting this smart contract layer to preform very well in 2022. I have 3 plotted out take profit points located at the golden ratio extensions. However I can see this coin doing very well in the 3-5 year mark as a HODL Keep Stacking It -HP
ALong
by Harmonicpuma
3
BNGO Good News Coming Soon?NASDAQ:BNGO [/symbol With recent news, the future is looking good for BNGO. Biden signed ALS Law, this will result in $100m a year going into R&D for therapeutics and treatment; for ALS. Mayo clinic, a ALS Clinic, is already using BNGO. As well there is a projected 1500+ attendees at the moment for Symposiums2022. With pictures of the new system set to come out soon, On December 30, 2021, Bionano Genomics, entered into a Standard Industrial/Commercial Single-Tenant Lease with 6777 Nancy Ridge LLC. The Company agreed to lease from Landlord approximately 11,978 rentable square feet of laboratory and office space. Many fear that this was a costly play, not suitable for the current state of BNGO. Current Options Positions Short Calls - Strike 5.00 @ 1.21, 21-01-2022 Long Puts - Strike 2.00 @ 0. 05 , 21-01-2022 Short Calls - Strike 6.00 @0.21, 21-01-2022 Current Stock Positions @5.97 @4.00 @3.69 Average Price: 4.3425
NASDAQ:BNGO
by braydenboyko