TUPRS Short idea. Make gains on your crypto playing real marketsThis is setting up for a nice short play. We have learned to play these markets by playing crypto and while nothing is happening with that at the moment we can play real markets such as forex, stocks and indices. These things move every weekday. Tuprs is a Petrol company, they buy oil and make products such as oil for your car, gas for heating and petrol. Looking at the chart on a big timeframe you can see divergence. This says we are due a correction. Just going by the chart. Now you look at new and I don't care too much about that but you see that Saudi journalist that got killed in Turkey. They are starting a row with Saudi and where does most of the worlds oil come from? All it takes is for them to get pissed with all the bad attention going there way, raise prices by slowing production and make companies like these prices rise/profits fall.
A 25$ drop with margin? Yes please!
Looking at lower times to get a short. My short from $133 was stopped out yesterday but it has not discouraged me. I will look to go again. From $135 to $140 with a stop of $145.
So if you are a crypto holder, ETH, BTC or DASH you can make some gains while not worrying about the crypto market by playing real markets like this one. So if you change your margin to 100x you can get 10/1 on this which I think is safe, you can go 500/1 which would be 50/1 on this but lets not be greedy. This is what I think will happen over the coming weeks. Just by the chart pattern the news will come to fit this, its just how it is.
Look for it to pull back in a bear flag pattern and sell at either the top or when it breaks the bottom of it.
You can play this and many other things at simplefx.com (my referral link) you can deposit it crypto. If you do a search of them you will see some SCAM alert things about them from the BCH moon last year. But you wont find anything about the other products. So don't use these for crypto you have others for that but they are okay for real markets.
So I say again, if you are a hodler, forget crypto while its doing nothing and start branching out. You have been learning the last year or so, start putting that knowledge to work where others are not thinking about.
APPL too all heading for falls. These work the same as crypto, you can profit off of these things where the news and things will have you think you need a finance college degree to understand this stuff. Its just chart patterns and trends like crypto. And this product is heading for a correction. The news will come to fit the pattern, its how it works.
