LTO - Octopus strategy with Da Vinci retracement 50% up or downEntry levels
0.0550$ - If BTC Goes down to 10.000$ expect this as Macro bottom
0.0620$ - most likely will hit before February 2023
Octopus entry:
1. 0.0715$ If BTC retest 15k
2. 0.0735$ If BTC bounce back from 16k
3. Octopus Anchor sand range: 0.12$ - 0.16$ ( 7 legs fighting 1 hold the rock as anchor)
Leonardo da Vinci retracement exits with Focaccia in mind:
Leg 1. 0.22 $ Load off 20% of portfolio * Hold 80% * Buy back 0.10$ >
Leg 2. 0.36 $ Load off 35% of portfolio * Hold 65% * Buy back Octopus Anchor sand range from 0.12$ - 0.16$
Leg 3. 0.60 $ Load off 50% of portfolio * Hold 50% * Cry like a baby because you were sleeping and not buying 0.45$ just FOMO into 0.72$ and wait 1 more month
Leg 4. 0.90$ Load off entire portfolio * Buy house and make some kids
Leg 5. 1.20$ Only for the humans that forgot wallet phrase or password (Ethical hacker saved the day brute forcing their wallet for 30% of portfolio)
Leg 6. 1.70$ My target as I can only be artist as good as Leonardo with all these Fibonacci BS and this is year 2025
Leg 7. 6.78 $ Peak of LTO before starts collapsing and dying as company year 2028
If you like my idea buy LTO at:
0.0550 - 0.0750 $ or FOMO into Octopus anchor and thank me later for just x6 missing this golden opportunity on 0.0550$ - 0.0750$ range
IF you see Blackrock or Vanguard start investing into LTO sell everything.
STAY
$RBLX: Will Delta Reopening Imply Pain For Stay-At-Home Names?We can see some significant underperformance by RBLX as it makes it way to the bottom end of this triangle, as the market begins to favor reopening names like consumer services space evidenced somewhat by XLY's relative strength in the current market, will that mean RBLX will continue to underperform? We shall see. Good luck traders
$TPX: Sleep Tight BearsXHB broke through an important 77.5 low volume node today and TPX has just been on fire. You might be asking how a mattress company and homebuilders are correlated well I'm playing it as a proxy and potentially one that could outperform the homebuilder index in general. You gotta have mattress for those homes :)
The only time I will chart such MisfortuneThoughts and feelings to everyone impacted by COVID-19. A highly sensitive topic, thus keeping this if anything, for personal use and wanting to see what is being told in the media, be represented in a simple chart with some context and trend analysis. Ethically, i felt some may wish to track for reasons respectable to them, thus publishing a 'chart' but really conveying, it can not be ignored that the trend alone, is worrying and i fail to see words verbalised around the world in terms of reduction, replicate into quantitative data.
God bless
S&P 500, looks extended but it's about to break outThe market broke through the last high but lots of bullish volume leaders in the stock market have yet to move up from their pullbacks. Large companies like Apple and Tesla took market cap but the smaller stocks that yield higher gains haven't moved. If you look at the RSI on this trend you can see that it hasn't gone up nearly what you'd expect it to for the prolonged rise in the market. I think it's going to keep rising and it's going to close the gap on the 30 week moving average sideways instead of dropping on it. Go ahead and look at the SPGI, it has not broken through it's previous high yet and it's indicators are bullish. The global market will contribute on the rise of the S&P 500.
AUD/USD for the week ahead. Hey guys ,
The trend is bearish long term , and we look for short positions , as day traders or week traders we are also scalpers right?
so we wait the hourly confirmation , if we have a strong bullish candle at first hours of Monday we will aim for the main trend line the resistance trend line .
The main confirmation is the candle that we can see on the daily which called hammer , with allot of buying power to make this bullish candle, technically is that the price will move upward ,
some signals : ickimoku cloud--> on the daily is sell ,but in lower time frames become buy
the MA (10,20,50) on H1 ,H4 and daily is buy
The entry trigger is the hammer formation candlestick , for me its right combination to enter to 'buy' and then short it , I love that
The master is back , lets smash this week
The markets collapse , but we can make money with shorts !
Thank you
Bitcoin: BTCUST Massive Bull Breakout maintained - stay long Bitcoin Coinbase Chart Massive Bull Break Maintained Overnight. Stay long to 12090
The break stayed good overnight and the far East bought
into it too...not massively but still a good sign of returning
confidence world-wide as all the bad news begins to dry up.
This break out is so important and so far technically perfect
on Coinbase chart - and shows how, once price beat the last
dynamic above it Bitcoin surged upwards, shackles undone.
The next part of the Bitcoin puzzle is to look more closely at
the reverse head and shoulders to see how likely it is to be
trustworthy from here. First off the last one failed - and
actually went on to form the right hand shoulder of this larger
RHS - whilst Bitcoin was still in the middle of a downtrend,
which with today's price action is now effectively over - the
only disconcerting thing about this RHS is that it's a little too
prefect technically. Can it be too good to be true? Too
obvious? Why? On The Coinbase chart this reverse head and
shoulders has a minimum upside of 3216 points added to the
break out level/neck-line at 8874 - creating a minimum
upside target at 12090 on Coinbase. Stay with it
EURUSD Stay Long within the parallels EURUSD Stay Long within the Parallels - then Consider Reversing
EUR is trading up a similar channel to the one that DXY is
trading down. Can stay long EUR here until the lower rising
parallel (smallest on chart)supporting price is broken to
downside at which point some will look to reverse short back
to 1.2292 with stops above the same parallel once lost.
BITCOIN: BTCUSD Stay LuckyBitcoin Update
Looking at later price action we very lucky to pinch a 400 point win as the US woke up at 7am est. From there it was
all down hill. Due to FOMC meeting and all those lesser fiat currencies that flip around on a dime on such days Bitcoin
got left as a buy above 16100 and a sell at 16447, looking to buy again at 16000 'or as near as possible'. In the event
the subsequent high was 16500, 53 points higher than the sell and the next low was at 16014, 14 points out from the
perfect re-entry point. This second trade netted about 340 points to add to the 400 won earlier. Now we had a second
chance to make another 330 points as Bitcoin rallied from 16014 back to 16447 again. And day traders will have have
had an absolute field-day: once they spotted the range they could have nearly doubled the 1070 points we have
taken in those three trades by shorting each run, as well as just buying the dips as we did. In a flat market today was a
near perfect day for being a day trader in Bitcoin.
As this is written Bitcoin is breaking lower, testing any weak bulls still left long from higher and coming down to
steal their stops under 16000. No interest in buying though. Maybe if 15169 gets tested later it might be worth
looking at if it holds up there (with stop no more than 100 points lower) - otherwise we can bide our time. We still
only need to pull 1000 per week out of Bitcoin to own it outright in 17 weeks. We average twice that amount. Let's
hope it continues as long as Bitcoin does. And when that day comes, just pray we're short or flat. Notice we never
own Bitcoin for more than a few hours at a time, apart from that prime cut that got slammed in the freezer at 7k?
Because one day Dimon might be right.
On upside next buy
GODD XAUUSD How Gold Traders stay ahead with aid of DXY chartGold: XAUUSD 1.25% How DXY -0.25% is the gold 1.24% trader's best friend right now
So far gold 1.24% has behaved in the bear-mangling mode expected of it since the dollar broke
down below key support on DXY -0.25% at 94.26 (right hand chart) but it wasn't too smart to let
it go again at 1290. That rally on Friday was vicious for bears - the shape of price action
as gold 1.24% turned resistance at 1281 into support shows the market adjusting before gold 1.24%
powers 16 points north, a volte-face - which you would have been expecting if you've
been experienced enough, wise enough to run the two charts in tandem.
If you don't you're dealing with a blindfold over one eye...
The pin bars on the one hour chart here show strong rejection
at 1296.78 down to current levels at 1293 and a streak of
uncontested green...very rare for a space like that to remain
uncontested and it should flip back to 1288, and potentially to
1284 before it rallies again. On the other side of the street,
we can see that DXY -0.25% is flipping in a range beween 93.99 (the
high for the week was exactly 93.99 as forecast, giving a
precise point at which to sell gold 1.24% - with stops only triggered
in event that DXY -0.25% breaks above 94 and holds, in which case
DXY -0.25% is going up and Gold 1.24% is going back down. Just the best
duo/tandem trade there is in almost any market anywhere.
Use it or lose it. Probably the best companion
a gold 1.24% trader can ever have.
DXY: Dollar index 0.11%
Through all the noise of currency pairs and most commodity markets there
is a still, small, much neglected voice that can tell usually show you the
bigger picture/helicopter view of all that close combat fighting going
on below. Not always, but usually. DXY -0.25% , so far since the breakdown at
94.26, has been very helpful. It's flipping between 94 key resistance and
93.50 key near term support and this is what's causing such grief and
whipsaw in the price of gold 1.24% . Right now it's giving mixed near term signals...
believe it will break lower still eventually, but the chart is not confirming that
here....it's just double bottomed at 93.50...was Ok to bounce here for sure but
that was quite a big bounce - pins at top and botttom of move...just near
term a little confusing, at least to this writer anyway. But gold 1.24% is toppy -0.73% near
term and DXY -0.25% is showing a double bottom near term. If it can rally from here then it should push
back up to the 93.99 where it should meet profit takers. (Do same with gold 1.24% shorts
at that point). And only if DXY -0.25% can then manage to break above 94 and hold is
the tide turning back in favour of Dollar, at which point we look to short gold 1.24% again.
And on the other side, if at any point DXY -0.25% breaks 93.50 it enters a zone of uncertainty/whipsaw
between 93.50 and 93.35 where positions can sudddenly reverse - like quicksand
on a map this zone cannot be trusted - a zone to avoid if possible. However, if
at any point DXY -0.25% is driven below 93.5 for more than 2 hours it will become llikely that
support is eroding and it should start to fall away quite hard to 92.80-92.62 - and
thereby triggering aggressive gold 1.24% longs.
Ethereum/Bitcoin: ETHBTC Stay away from this imploding dream Ethereum/Bitcoin ETHBTC Toxic
Who is buying this? Why? It's still in a massive down-trend that
shows no sign of waning soon. It's a short every time it
touches the falling trend line from the high and will only ever
become a buy if and when that downtrend is broken.
As it stands now, it looks like it should fall further back to
0.0361 and then try to bounce (back to 0.0344) before coming
off again. The 0.0344-0.0334 zone represents critical support
for this dying dream. If it fails at any point Ethereum becomes
an aggressive short back to 0.0232 to start with, then after a
minor bounce, back to 0.0127.
If short, good for you. Stay that way back to 0.0344 then close
out again as above, ready to short aggressively again as
0.0334 is broken on downside for 0.0127 target.
Ethereum will remain weak whilst trapped under the downtrend.
Maybe one day itwill emerge the other side of the down-trend...
But until it does this thing is still toxic
GOOG: Alphabet Update: stay long but raise stop loss to 919Alphabet: no reason to exit longs but suggest raising stop to 919. All trends remain positive but short term trend will reverse if Alphabet trades below 919 and trigger a near-term shorting opportunity back to 901. Nasdaq and S and P would also become near-term shorts if we see any such price action this coming week.
STAY - Rising wedge breakdown trade form $16.27 to $13STAY seems breaking down from a rising wedge formation. Moneyflow was diverging & now crossed down to negative side. We think it can decline all the way down to $13 area.
* Trade Criteria *
Date first found- March 9, 2017
Pattern/Why- Rising sedge formation
Entry Target Criteria- Break of $16.27
Exit Target Criteria- Momentum trade, up to $13.00
Stop Loss Criteria- $17
Please check back for Trade updates. (Note: Trade update is little delayed here.)
STAY to short from 13.47STAY breaking down upward channel with negative money-flow divergence. It also a potential head & shoulder pattern. 13.47 will be break confirmation & perfect for short entry.
As a target we are looking for previous support around 12.13 that is also supported by HEad & shoulder pattern.
You can check our detailed analysis on STAY in the trading room/ Executive summery link here-
www.tradingview.com
Time Span: 3:00"
Trade Status: Pending