See attached. Hope you were patient with me.
See linked idea from September 3rd.
COINBASE:BTCUSD Buy zone for my personal BTC buy shown on chart. Main point of focus is the nearly horizontal trend line shown in thicker red. In a perfect world price action would go ahead and dump on off the meet the convergence of trend lines over the next 7-10 days, or even take a slower, more measured downward slope in that time period. I won't be making any...
COINBASE:BTCUSD Shown in my previous post (linked) was how crucial holding the 125 daily moving average was to BTC. As soon as it closed convincingly below it yesterday, I went 100% USDC, and shipped them to my Nexo savings account. if you don't know about that, hit me up. Returns that beat the S&P500 average annual return over the last 30 years by more than a...
COINBASE:BTCUSD Shows us the answer. Coinbase exchange daily chart shown. As seen on the chart, when BTC manages to climb through and hold above the 125 daily moving average price action tends to rally upward quite nicely after each brush with the support. However, when the 125 MA is breached to the downside, bagholding ensues. Once under the 125, price action...
COINBASE:ETHUSD hit old support, now acting as resistance. If ETH cn get by this line, 254ish gets opened up. Mid-term target lies at 622 area, longer term 2368ish. Not much time to post lately, got tons going on at home, so my apologies. I'll get back on track. Trade safely in the meantime!! Happy hunting and GLTA!!
NFLX Not only broke out of the downward channel it had been riding, but on the weekly has printed what is known as a Bullish Tri Star Doji , which is a reversal pattern. See link for image. slideplayer.com As with any candlestick pattern it is not enough to simply print it, that is absolutely no guarantee that price action will follow suit. However, they are...
SPY Not much time to post, sorry. Got alot going on. See previous SPY idea and levels. Bearish candle. Bought Sept 16th 293.5 put at .24 today. GLTA
AAPL Printed a two candle formation known as a "Bearish Counter Attack". This occurs with one up, green candle first day. Second day sees a gap up open, then red, down candle that closes at the same area as the previous up day closed. In the case of AAPL, it was within one cent. Some research has revealed that this formation results in a down day the next day 57%...
COINBASE:REPUSD Appears to be near breaking out of its consolidation pattern now, so it's worth a look. Needs to hold here and close above trend line, but I went ahead and swapped a little BTC for REP, see if I can catch them both in breakout areas. Of course there is no guarantee the breakout will be up, could very well break below and take off. But when you...
BA SHowing on the weekly defined diamond pattern, I believe most likely a diamond top. See link for example. static-news.moneycontrol.com General rule for trading diamonds are the first target on breakout is equal to the size of the diamond. My first target for BA breakout down from this diamond would be around 247 area, but could go lower for uptrend support...
COST Ideas are attached, had opportunities to get in and ride this ride on up while everyone else thought it had ran too far too fast. Now sitting at an inner resistance area of its lifetime channel. Break above and hold here then opens up 370's-380's next, knocking on the door of 400. Make sure you look at this chart through the correct lens, and don't just take...
COINBASE:BTCUSD Pretty self explanatory why, just hope if you weren't an owner of BTC that one of my previous ideas about it may have convinced you to take another look. While I would never advise anyone to buy or sell, I absolutely advise EVERYone to educate themselves about cryptocurrencies. See attached ideas, and look into this whole blockchain/crypto thing....
LK In attached idea from yesterday, mentioned LK was approaching lifetime support trendline. When it hit it today I went ahead with two Sept 20th C22.5 for .15 apiece. spent a total of 30 bucks to see if LK could hold this support and bounce back to at least the bottom of ER gap. Was pretty close to letting them go when it dipped all the way to near 19.05, but...
SPY Not much explanation needed if you saw my last SPY post (attached). Welp, i'm thinking the area marked on the chart is the next test area between tomorrow and next Friday, depending on how it gets on up there. Not saying I'm going short there, just going to reevaluate if we reach that level, which was former uptrend support line lost, should act as resistance...
DOCU See linked previous post on DOCU. Just a great buy IMO, especially where I was able to pick some up. What an ER move, geez. Target on chart just over $80. Took some losses here and there, but my trading style says losses are ok and happen, just keep them as small as possible, and cut losses as soon as the trade idea is negated, to hell with HODL'ing to try...
NVDA Has pretty closely printed about 3/4 of a bullish gartley pattern. See link attachment. www.forexhighs.com If this is the case, the buy point would be in the area of NVDA 140ish. Also, one could very well see this as a possible short opportunity through put options until price reaches the buy point. Stop loss in that scenario would need to be about 172.50,...