🐦Twitter go short: TWTR - closing the gapHi mates NYSE:TWTR is perfect setup for short trade. Bear flag confirmed ready to fill the gap
here is data for my trade:
------------------------Trade setup ---------------------------
Entry: 65.62
Stop Loss: 69.14
Profit target: 59. 84
Time stop: 7 days
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BITCOIN Possibility is ___ % BITCOIN Possibilities is ___ %
What in the world is this, well basically this is getting the hell out of BTC and maybe going short, on the B.T.C.
That's right. Bold predictions for you elegant trolls.
I firmly believe Tradingview has one of the if not the best troll community on the internet.
But that's not stating a lot.
BTW why does Tradingview have better trolls than Twitter, YouTube and Reddit?
Twitter trolls, not so witty
YouTube trolls, depraved and vulgar
Reddit has it's moments
I've answered my own question neglect that last question, thank you.
If your still reading this GREAT lets keep going!
Regarding my TA this is my prediction.
I've hidden all Indicators and most tools, I've only left Elliott wave ABC countdown and ABCDE. These waves might play out accordingly. If this happens correctly I guess I won't be a noob. OK I'll still be a noob but not as much. I don't want to be too different from you elegant trolls.
BTW, Have I mention how beautiful all of you are?
Let me tell you, you are beautiful! I mean it!
I believe BTC is coming down to my price targets and dates. I think the price targets are realistic and most are modest. Sometimes I can be shy and some days I tell death NOT TODAY! Maybe it's time to embarrass myself though we'll have to wait and see.
I think the dates might be on point or maybe I'll be wrong by a week later or sooner.
Time is precious and BTC is becoming more valuable.
Valuable as in BTC is worth a great deal of money? NO
Valuable as in overbought. BTC is on a level above its intrinsic or fair value.
If you don't agree than just smash that like bottom.
As Joey B would say,
"anything is possibilities, I mean anything is awww common man!"
Will scale up in shorts if i need to,.Twitter has seen plenty of upside time to go down a bit..
Indicators point to DOWNSIDE
TWTR: A sweaty palm shortThis rally looks overextended and has continued amazingly despite the overall market downturn but I believe a selloff is on the way. TWTR has had several catalysts that have continued to drive the price up this week but that momentum may dry up next week without any more news. While I am currently in a bearish position I do feel as though the stock could attempt another baseless rally at this point because if it has happened before, it very well may happen again...
(Full transparency: I am ankle deep in puts on TWTR - I expect price to retest ~66 within the next two weeks)
As for the proposed roadmap to 2x Revenue in 2023: "Super Follow" subscription model is going to receive negative feedback from current user base since it is a departure from the "this site is free" foundation of Twitter and paints the company as one that needs to copy competitors models in order to stay relevant - no innovation in a subscription model that mirrors OnlyFans (a site actually that has a reason for users to lock content behind a paywall) - ironically, #RIPtwitter is already trending (on Twitter... )
Twitter - Overbought Now Retrace to SupportThis is very overbought, even on monthly RSI which makes a retrace likely. Also it is equal to previous all time high levels and so far has not been able to break above this resistance.
For a target TP 0.618 Fibonacci aligns perfectly with previous structure at $56.11. First we need to see more rejection from resistance before entering a short.
TWTR: Strong Sell Signal on the WeeklyAfter a pretty incredible run after what I would consider to be uncompelling earnings, TWTR appears to have formed a spinning top/doji on the weekly (left chart). This is usually indicative of a price reversal after strong move. All of this also falls in line with my wave count and the price is currently sitting below an important Gann angle that will provide some resistance.
At this level TWTR has actually returned to previous all-time high where it will surely meet additional resistance. Zooming out on the chart it almost looks like the possible formation of a giant cup and handle with the handle still needing to be formed. I do believe that twitters price will possibly break $100 in the next two years but I think this run was premature and at post IPO price high, TWTR is primed for a selloff.
On the 4hour chart you can also see a doji forming from the last movements of the day. RSI also appears to be broken below 70 after reaching 90 during the run - With our RSI cooling off price may need to find a new support level before continuing upwards. Also appears to be a hook on the MACD which could represent a failed breakout attempt. With this in mind, I believe it is possible for Twitter to retrace to the mid $60 price level (or lower depending on overall market changes - FED policy on watch) within the next month. Also, with Jack Dorsey as well as FB and Google CEO's set to appear before members of the House Energy and Commerce Committee on March 25, Big Tech could be in for some turbulence in general.
Counter: It is possible that TWTR is still working on the fifth wave completion which might have a little bit more upside taken price close to the $80 price level. I have watched many strong resistance points be broken by the moment in the market right now so that is also a possibility here. Even so, the move is nearing completion so this would be in the short term (1-2weeks) before the larger correction happens after stretching the price even further to extremely overbought conditions.
[STOCK] The Technicals Behind Tesla (Trading Plan) #3This is another update of my previous Tesla (TSLA) ideas. I personally don't own Tesla stocks at this point. I've made some profit by trading the breakout of the triangle, which is paired with the announcement for the inclusion of the Tesla stock to the Standard & Poor 500 (S&P500) Index. This event gained a lot of exposure and traction. Only a few months after the splitting of the stock (basically to make it achievable again for the masses).
Elon knows when and how to place tweets, announcement or hints for future events. It seems like he's watching the chart and spots the technical breakout points (with us together) and then he drops the tweet. Let's keep that in mind.
The expectation for the inclusion was followed by huge volume at the 18th of december. Another upcoming event were the earnings, which were - at least in some eyes - disappointing. At least this is the information that we can get from the chart. We saw a decent sell-off and profit-taking from those who where in this run during the strong surge in price.
Since then, we see the price moving sideways while making Lower Highs and Lower Lows (Descending Horizontal Channel). This aligns with a Death Cross of the MA 50 & MA 200 (yellow highlight). That's when the price previously formed a triangle, caused by indecision between buyers & sellers.
This time, we might see more sellers than buyers appearing on the market. But that just gut feeling.
Let me know what you think about the Tesla stock and this trading idea!
cheers,
Ares
TWITTER SET TO MOVE BIGIPO investors have long felt the pain of this stock. The hype surrounding this stock was real but the bulls quickly lost control. 7 years later and Twitter still has not rewarded those initial investors, that will change soon and here is my case.
We see something that resembles an ADAM AND EVE BOTTOM which formed between 2016 to mid 2017. The volume profile shows those levels had the largest amount of trading action.
Following a failed breakout in June 2019 and Sept 2019 Twitter too felt the pain from the March 2020 COVID-Panic. The price found support precisely at the top of the ADAM AND EVE. The bears couldn't drop the price any lower as the bulls came stampeding back. The telling part of this move was that the drop was not able to penetrate the section of the volume profile with the most action. This gives me confirmation that the bottom is in. The velocity of this bounce looks serious and a large move in imminent.
In the early twitter price action we see a large gap that is almost hidden. This gap coincides almost perfectly with the 1.618 fib extension. The volume profile shows the resistance is getting weaker the higher the price goes.
Twitter experienced a massive hack with some of the biggest accounts getting hacked including a former President!. The price neve flinched.
Not only is my SHORT TERM TARGET $64, but my long term outlook on this stock is ultra promising. I think a lot of big tech will see some serious stumbles and Twitter is in shape to start a bullish market cycle. Where will the fleeing money of AAPL go?
We will be hearing a great deal about Twitter in the coming days as Jack Dorsey being pressured to testify. While you would think this would have a negative effect on the price, I believe the chart is looking for any excuse to break higher to the upside. We just saw a miss on earnings but the price went up because "analysts" liked the growth in users.
When a chart is ready to move, even something seemingly negative can give the spark needed to take it to an inevitable direction. The "analysts" will feed the public a narrative of why it happened but as the influential investor Bernard Baruch said "Show me the chart and I will tell you the news"
If this analysis was interesting please give me a like an a follow. Also, please look at the related links for the similarities of the early Facebook breakout with where twitter currently sits.
Regards