GOLD / GLD looking like a fantastic medium term play if we can continue to hold above 1220/oz. Looking for the 1236 breakout.
XRP still holding above the $0.50 support and our entry at $0.516 still looks solid. Trade with us at wingtrades.com
ETH still in the daily wedge. Since the market is so correlated, I wouldn't be surprised to see ETH breakout of that daily wedge and the whole market move with it. more info at wingtrades.com
BTC daily chart is consolidating hard into the 6.5k and 6.6k area. We need to see movement so we can get back into the full altcoin push again. More info at wingtrades.com
XRP clearly found support after the swell conference. Taking my long entry again here.
The following is an analysis of the probable price movement of XRP before, during, and after the #swellbyripple conference Oct 16-18 in Toronto: The price movement from the 2017 #swellbyripple conference. Buy the rumor. Sell the news. Price movement going into the 2018 #swellbyripple conference. Although movement is just as volatile as this time last year,...
New bullish credit spread on XLF (financials) for OCT 12! Not this Friday. Solid movement this morning in the market and financials is starting to show strength. Decided to take this move out two weeks to allow for the bottom to confirm and some bullish movement to occur. Entry 27.79 Max profit 28.50 Break even 28.14 0.38:1 risk/reward
New bullish credit spread on XLB (materials). After two weeks of bearish movement on XLB, we saw a close above $57.92 support and a bullish open this morning. Looking for bullish to neutral movement this week. Entry 58.54 Max profit 59.00 Break even 58.72 0.78:1 risk/reward Adjusted the XLB bullish credit spread to add a bullish credit spread one strike...
Just over 2 months ago, we alerted that BTC would be stagnant while altcoins began to soar. We are seeing that right now and profiting hard! We will continue to see altcoins out perform bitcoin drastically over the next 3-6 months.
Medium term bullish credit spread on SLV ( silver ). As silver attempts to break above 14.35 (spot price) we have a unique opportunity to profit on a 1 month bullish credit spread. Entry 13.44 Max profit 14.50 Break even 13.70 0.26/1 risk/reward
High risk bullish credit spread on XLK . Solid gap down in tech this morning, but not showing signs of continuation bearish. This is one of the set-it and forget-it spreads as we will let it go all the way till exp. Entry 74.33 Break even 74.72 Max profit 75 0.78:1 risk/reward More info at wingtrades.com
Solid profits on our recent XRP play. In an effort to lock in gains and protect the account, we closed the position and wait for a solid support to show.
Liking the movement as it bounced off support this morning. We did a nice scalp this afternoon, but will wait for the dust to settle before grabbing our medium term entry again.
Very high risk (0d exp) bearish credit spread on SPY . With SPY pushing a new LoD, I like the probability of a red, or extremely red close. Entry 290.76 Break even 290.79 Max profit 290.5 0.76:1 risk/reward
New bullish credit spread on XLU . Opened and moved above the $53 mark this morning. Looking for a higher low and mid 52s to confirm as support early this week. Entry 53.05 Break even 53.21 Max profit 53.50 0.78:1 risk/reward
If XRP / USD gets above $0.358 in the next 20 hours, I will be going all in. I did this same move on Dec 11, 2017 when XRP was at $0.237
Watching BTC under 6850. Needs to hold 6597 as support and make it's way bullish.
Took an entry at 7730 sat on the BTC pairing.