With the current market condition, breakouts mostly failed during the last 1-2 months. We try to find stocks that are holding well during market correction, some kind of pulling back to its meaningful support. On September 5, 2024, NASDAQ:META pulled back to its MA-50 after the market's strong down move. We opened a pilot position here, expecting the stock...
On August 29, 2024, after earnings, NASDAQ:NVDA pre-market is pulling back to its MA-50 and I think it is a valid buy point here. As long as the price will trade above the MA-50 the trade can be considered working well. The stop loss can be placed 2-3% below the MA-50.
On August 10, 2024, BINANCE:BTCUSD is trading around $60,650 at the time of my writing, and I think we can use the setup as on the chart for a new buy point when BINANCE:BTCUSDT will cross up $62,800 The chart is in 4h timeframe. I have an additional reason for this buy point on daily chart, as you can see below, this is also the level around the MA-50/200...
After a rough sell-off last week the market seems to get stabilized. Both BINANCE:BTCUSDT and BINANCE:ETHUSDT are setting up for a new buy point. For BINANCE:BTCUSDT , you can see the idea in the related ideas section. For BINANCE:ETHUSDT , I am expecting it will cross up the resistance $2730 and I placed a buy stop order at this price level.
On May 20, 2024, after moving above MA-50 and holding for 2 days, NASDAQ:MSFT looks ready to breakout above the yellow trendline as shown on the chart, which would provide a buy point.
During the last 10 sessions (August 5 to 16, 2024) NASDAQ:MSTR has been attempting multiple time to move up a resistance of $140 without success. Therefore, a decisive move up $141 and closing above it EOD would be a valid buy point. Whether it will happen or not, depends on BINANCE:BTCUSDT , which I also posted a buy point in the related ideas section a few...
On July 15, BINANCE:BTCUSD closed above its MA-50 for the first time since June 15. During the last 3 days it was trading right around this moving averages and currently is still holding above. Hence I started to open a position here with a stop loss below the MA-50.
At the close of June 16, 2024, NASDAQ:AMZN was at a new high entering $2T club. I am opening a new position here with the target price of $230 (20% from the base)
Together with BINANCE:BTCUSDT , on July 15, BINANCE:ETHUSDT closed above its MA-50 for the first time since June 23, 2024. During the last 3 days, it was trading around this moving average and currently still keep holding above it. I started to open a new position with BINANCE:ETHUSD here with a stop loss below the MA-50.
On April 26, 2024, The weekly chart of NASDAQ:NDX shows a weekly recovery from the MA-30 week. NASDAQ:NDX closed near the weekly high which is encouraging. The current close is right near the resistance 17,780 which was broken during the week April 15-19. Looking closer at the daily chart we can see that the resistance is at the same level with both...
At the close of May 28, 2024, NASDAQ:ARM close up strongly above MA-50 and also crossed above the trendline as show on the chart. Hence it provides a buy point here with the expectation of making a new high in later this year.
I have been following NASDAQ:AAPL for a long time but have not bought it because it has been a laggard during the AI-powered uptrend since November 2023. You can see many of my posts regarding this stock in the related ideas section. Situation might be changing now... Following the earning reports with a huge buyback plan on May 2, the stock gapped up above...
NYSE:SPOT broke out of a base since April 2024 (40 sessions) with strong volume, after the news of raising price. While the overall market is still quite volatile with many failed breakouts, I think we can try to open a new position here with this stock.
Since June 6, BINANCE:BTCUSDT has been going down below its MA-50, then MA-150, then finally, its MA-200 for the first time since October 2023. Has Bitcoin reached its bottom? I don't think so. I consider Bitcoin a trading position, the same as stocks, futures etc., nothing more and nothing less. As a trend-following trader I am looking to enter a trade...
After a 20% run up with the ETF approval on May 20, 2024, CRYPTO:ETHUSD started to form a bullish flag and moved out on May 28. The flag is above the rising MA-10. The move out provides a buy point here ($3900) with the $4700 target
On May 15, 2024, CRYPTO:BTCUSD moved up and closed above its own MA-50 for the first time since April 13, 2024. It also broke out of a yellow trendline as shown on the chart and closed above the high of May 6, where it was first rejected at its MA-50. The breakout provides a new buy point here on D timeframe.
After crossing up MA-50 on May 15, 2025 and successfully follow-through, as mentioned in the post that you can see in the related ideas section, CRYPTO:BTCUSD is now trading right below the yellow trendline which we can draw from March 14, 2024. A breakout above this trendline would provide an additional buy point (the first buy point was mentioned in the post...
On April 22, 2024, I started to buy NYSE:IOT when it touched its MA-200 for the second time, forming a small base. You can see this trade in the related ideas section. I then closed the trade right below the MA-50. Now, for the last 5 days, after moving above its MA-50, NYSE:IOT has been forming a small bull flag pattern right above MA-50 A breakout above...