Last Trade of the night Easy 1 gigatrillion pipshonestly i saw this coming, all trades green today as i predicted the bullish news for the dollar. The lower inflation news wasnt that sexy, but market rode off the hype and it always has to correct itself.
so ya boy came through wit the fattest short on all x/usd pairs today and made le bank.
I've linked the two other trades i made today - both profit which you coulda ate had you of seen them.
Where
Bitcoin: Guess what happens nextI originally drew this arc months ago and it has been playing out nicely. But now, it's getting very near the edge. A lot of people are expecting a big (10k+) move in btc soon. But up or down? Down looks more likely to me in the short term. If I had to guess, it would be a flash-crash coming in the next 10 days or less, followed by new all-time highs in September.
SPY CHOPSPY broke down from its very large bear flag. I would be looking for a:
continuation down to ~$320
re-test of $332, then down to ~$320
Breaking back in to flag and filling the gap above. This may cause sideways action until the election.
Breaking above the flag @342 which should imply we move to new All time highs around $367
Where to buy KOMODOHello traders,
Komodo had a strong uptrend moviment on this lasts few days, and stopped uptrending at an important Resistance level, so where to buy this asset?
We have two point for long postion in this asset.
1 Is on the pullback to this long term resistance line and also 0,5 Fibonacci Retracement
2 Is above this Important Resistance level after some bullish accumulation pattern.
Until them we have to be pacience and wait for a clearly indication.
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BMY Is starting a bull moveHey everyone,
Another biomed related post today by request.
BMY has double-bottomed as bulls grab a little control today on price.
The stock has respected the BBands and is looking to move to the neutral region.
The RSI teased in the oversold area, and price has responded with one of the two strong bull movements in the past four weeks as far as price movement goes.
Price will struggle to break the $48.31 resistance that the massive bull volume failed to break on the 29th.
We want to look for increasing bull volume as price recovers after hitting a low.
If bull volume recovers with the next successive days, look at the $48.31 target for the first movement, with the $54 mark if price breaks through for the second movement.
If bear volume trends or increasing in the next few days below the 45.15 support, the stock could break lower forming new lows for the year.
Keep a tight stop loss in the meantime at the lower $45.15 support and long for the 48.31 and eventually the 54.44 if price starts to trend up with volume or if it ventures beyond the restraints of the BBands.
-Block
Bitcoin destination = farty poopyHi dear followers :D !!
Here is another great TA analysis from me... shame I don't follow my own analysis and get into terribles losses...
Oh well, let's hope BTC will rebound, touch our yellow area (long term support line + log view) and shoots back up to the moon as that was the original flight plan written by our dreams... 8}
Have a great weekend, and don't foil your pants too much ;} !!
Please give a like or a comment !
Cheers
Bye
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BITCONE GO WHERE [ENTRY PLANS]Previous short idea invalidated, time to move on. Good volume from 6.6 (rip new 6800 shorts and stops) and potential bullish catalysts (likely ETF approval) and explosive volatility after yearly lows are good news and should allow at least a small relief rally into the 8000s. R/R of btc at this current price ~7.5k for longs is absurd; If you closely examine the orderbook behaviors from 7.3 to 7.5 in the past few hours it appears ask side liquidity is often pulled and price is quickly being bought up on thin books.
Given the lack of a retrace on this huge upmove after breaching 6.8 i'm expecting a retrace to at least 7.2; Planning to scale into longs at 7.2~7k with large scalp shorts at this level if we don't consolidate at the very least. Profit has been taken on longs and I'll let them ride with take profits/stops at 7k flat. Only concern for current shorts is we continue upwards like in april
Follow the Trend: $5400 sooner rather than laterPlease! And I repeat, please! Stop trying to anticipate the bottom by buying the "dips" that the media and your favorite Youtuber push down your throat. I take it that everyone that puts the effort in to even attempt to dive into TA has a strongunderstanding that the market works in trends. AND RIGHT NOW, AS HARD AS IT IS TO SAY, THAT TREND IS DOWNWARD!!!
With this said I put together a depiction of what this weeks short will look like within my trading community. There is a strong resistance at roughly $6280, which is the swing low of ($7600 to $6280) the previous downward swing. If bitcoin were to break this resistance level the highest I could see it going is $6400- where .... ,its current channel and the channel of the downward trend of the market would intersect, forming the same pattern of resistance that happened in the previous channel above before it began to follow its downward trend. We predict that there will be a pull back at the resistance level of the latest swing low ($5780), which is where I will take profits before I reinvest them with another short before bitcoin reaches roughly $5400!!
How did I get $5400: I took 90% of the previous downward swing ($6700-$5700) which brought me to approximately 5,439.28 when plugging in the exact coordinates.
Side note: Please do not let mainstream media, whom is controlled by the elite, bait you in to believing that the bottom is near. They are not even close to flushing out all of the "bs" coins that made millions of dollars . So until the regulations come, make you some money strategically placing your shorts.
Best of luck to guys!!
BTC ideaNow is the decision time for BTC again. The downward chanel was broken on the 20th of July and BTC nearly retested ath. Now the price is at 0.786 fib area. If we can apply Elliot waves and may this movements be the 1st and the 2nd impulse waves, then the third wave is approaching and by the 1st of august the new ath should be set. If we go downward then entry point should be somewhere around 2200-2300. For positive prediction: 1st target area is around 3k and the next one somewhere around 3300-3500. THE KEY for upward movements should be a breaking out of 2700. Happy trading.