NASDQ100 short biasShort / Bearish Bias on NASDQ100.
Technical Analysis Explained:
Highest normalized price reversal point exceeded (this is the highest red “resistance” zone)
Price greater than all time high (22/11/2021)
Z score and Price bearish divergence (week as z score has remained neutral rather than print a lower low)
Price trading at approximately second standard deviation (20 day fixed rolling window forecast)
Here is a closer look at current price action.
Zscore
Adding to ZS shorts hereAdding to ZS shorts now, currently up on core position. Riding the weekly 200 da MA, bearish rising wedge. 15 min lost the MA on low time frames. Not advise, good luck.
📉 MVRV Indicator: When Oversold Means Opportunity 🚀📊 Understanding MVRV: The MVRV indicator measures the ratio of an asset's market value to its realized value. It helps traders assess whether an asset is overvalued or undervalued relative to its historical price action.
📉 Oversold Conditions: One of the key insights that MVRV provides is identifying when an asset is in an oversold condition. When the MVRV ratio drops significantly below 1.0, it suggests that the asset's market price is lower than the realized value, indicating potential undervaluation.
🚀 A Signal for Bulls: An oversold MVRV can be seen as a bullish signal, as it may suggest that the market has corrected too far to the downside. Historically, such conditions have often preceded the start of bullish trends.
🔍 Additional Confirmation: While the MVRV indicator can provide valuable insights, it's important to consider other factors and indicators to confirm a bullish trend. Technical analysis, trading volume, and fundamental news can all play a role.
🌐 The Crypto Landscape: Keep in mind that the crypto market is highly dynamic and can be influenced by a wide range of factors. Risk management and a comprehensive trading strategy are essential.
In conclusion, the MVRV indicator's ability to highlight oversold conditions can be a valuable tool for traders. When used in conjunction with other analytical methods, it may offer insights into potential bullish opportunities.
Stay vigilant, stay informed, and remember - the crypto market is full of opportunities for those who approach it with a well-rounded strategy! 📊🚀
❗See related ideas below❗
Follow + Like this post and share your insights in the comments; your engagement fuels the crypto conversation! 💚🚀💚
Short Zscaler ZS againShort ZS again. Argument for a triple top. Weekly might print a long legged doji. Moving average acting as continued resistance. Red line invalidation. Not adavise, good luck.
Short ZSNot even sure what this company does. Saw the massive descending wedge and the long legged doji candle and longed $88.09. Sold the 200 MA. Shorting here. 25% allocation for this trade. Weekly Stoch 100/100. Just a matter of time, impossible to short the exact top. Not advise obviously
How to Calculate Bounce Price Another tutorial video on how to calculate a bounce price using Z-Score.
This is actually a true, quantitative trading strategy and one that has been the most helpful in preventing me from getting shaken out of swing positions. I was reluctant to share, because it is a very powerful and unique way of doing assessments, but I figured why not be helpful!
This can be applied as a sole strategy or it can be combined with other methods of quantitative or technical analysis to help you do your assessments.
Please feel free to leave your questions and comments below. Also, please let me know if you find this helpful at all.
Take care everyone and trade safe!
Note: Sorry for the constant clearing of my throat. I would blame COVID but its just a habit I am trying to kick when public speaking/recording haha. Embarrassing!
BWMX long Long BWMX
Most of the down move is finished, in my opinion.
Variance Ratio Test -- Red means possible negative autocorrelation, mean reversion
Historical Volatility Z-Score is outside the significant levels, which means volatility should subside
Bought VBought NYSE:V
Visa Inc. is an American multinational financial services corporation headquartered in Foster City, California, United States. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards
ES Daily Time Frame 6/4/21Looking forward to next week the daily chart is pointing to a continue rise in price over the next 10 days or so. I still believe that we have few more hurdles to clear particularly the current ATH of 4238.0, should we clear that level of resistance the next two levels of resistance are at 2ATR and 3ATR with prices of 4269.5 and 4317.0 respectively. It's also interesting to note that we have yet to get oversold in the V-Score as of yet, so there is still more room to grow over the next 2 weeks or so.
Looking towards next week a key support level that I'm looking at is 4203.25 which happens to be the 50 Day EMA. I'm definitely interested to see how the market responds to that level of support early next week. Should we hold that level then I would look towards a push to 4269.5. If not I would look towards our daily mean regression of about 4177.75. (See image above)
I feel fairly confident that we will be visiting the 50 Day EMA of 4203.25 because the current price of the ES is at 4227.75 which is at the 3ATR level. Furthermore, we have a declining V-Score which signals to me the start of a declining price at least in the Sunday night session or the Monday intraday session. I would look for the V-Score to bottom out prior to looking for buying opportunities. (See image above)
(Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.)
ETSY (DAILY TIME FRAME) GENERAL ANALYSISDespite ETSY reporting earnings that surpassed analysts expectations ETSY shares still slid as management expects the total sale of goods on its platform to slow in the second quarter as it faces tough comparisons to last year’s pandemic-boosted results.
Based on the current price action I'm operating under the assumption that ETSY is in a downtrend. The gap down is a red flag of the weakness on the buy side of ETSY. I would stay away from any immediate rallies up until the price exceeds $192 or closes above the mean. After the price gap down this does look like an opportunity to buy but I would caution against blindly buying the dip as ETSY can shed a lot of dollars should it break its support of $153.50
(Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.)
UBER (DAILY TIME FRAME) GENERAL ANALYSISUBER beat its earnings estimates however, it missed on its first quarter revenues. As a result, UBER gapped down after its earnings report and in my view is currently on a downtrend and I would operate under that assumption until it fills that gap. Conservatively speaking I'm looking for a gap filled price that closes with a daily price of about $53.
Based on everything I'm seeing I would look to short UBER when it provides some form of mean reversion at -2ATR or a more favorable -1ATR.
Looking at potential Buy opportunities I would look to the weekly time frame and I would look to start scaling in my position at -2ATR with a price of around $42.50-$41.75.
(Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.)
TWTR (1 DAY TIMEFRAME) Potential Buy OpportunityAfter failing to meet analysts expectation Twitter took a major gap down of -9.6% and is looking to test key support levels over the next quarter which could present several buy opportunities for a stock that not too long ago was rising high at about $80 per share.
With the current down trend in place I'm expecting Twitter to come up 2ATR which is a price of about $55.75 and after reaching that price I'm looking for sellers to come in and push Twitter's price down pass the support that was established this week at $52.29.
Potential buy opportunities could be found in the range between $52.29 $44.32.
(Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.)
$TSLA: Shorts get Sunk: Bullish Long: $1480 Entry Prior to CallTesla right now has some interesting core pivot points even looking at the recent bull run wedge. Elon Musk seems to be extra confident prior to the earnings call and even if it has a small loss per share, it would still likely continue in its overall bullishness. Do we expect him to meet production quotas? So far, the guy haven't been doing a bad job. Looking at the autofib retracement, you see some key point indications as well as the dynamic points showing a past neutral level for some continued support. Even w/ a short squeeze, you can expect lots of resistance to be broken down. That being said, invest at your own risk. As always, everything I say is on an opinion based basis. Do your own due diligence.
