I do not trade indexes. Lot's of retraction may be at play as we soar into the edge of the bubble. I like to get more out of the box and abstract with my thoughts on major indexes. To me this all feels like the whales have seen some of the deepest parts of modern human & life want to make their exit from it a moonshot so to speak. Going short market open could...
Nearly hit 7k price. Substantial recovery for bitcoin. I hope some of ya'll bought the dip. Most of the whales left the market at 10k and have re entered 4-5k. Anyone selling sub 6k got burnt, burnt, BURNT. The next major US sellers are those who will need money to make up for unemployment. I don't believe that there will be enough of that to tank the markets...
I've been curious about the top stocks lately and APPL / TSLA feel like the only things driving the Nasdaq into space. After the last set of earnings were posted the bulls charged out of the gates towards a stock split. Now that the stock has split, I foresee some traders taking some profits here, but the volume reflects more bullish activity. I do not trade...
Markets open with a new outlook as Best Buy retracts as bears win vs bulls. Markets will pick up towards the holidays. Plus, things are heating up quite a bit. The opening bell will either follow a crashing index drop and likely more cascading. In the odd event that does happen, it would be unfortunate to long. Shorting was more profitable prior to the likely...
Bullish breakout on the long term trend. NZDUSD may be affected by their outside cyber attacks likely Decentralized (DOS) attacks. That being said the economy may fare well against an American inflationary collapse. Otherwise anything financial crimes related, we need to observe how this affects the fiat exchange. Otherwise I see a confirmation that the longer...
Rock very safe against berry. Berry yummy but berry spoil. Rock be many thing.
Trading ETH on options here is a big risk but can play out well. I recommend placing a short here, and closing relatively close to the $440. ETH is currently experiencing some of its highest gas prices ever thanks to DeFi volume. This could be disastrous when the scams get unraveled, but it's still good news for ETH regardless of how many ERC20 tokens turn out to...
Trendline dating back from the pop/peak of the 2017 EOY bubble to the upward swing in 2019, and finally the 3rd bullish wick cuts through the once bearish trend line line. After the May 2019 golden cross that occured on the 200 EMA & 50 SMA we've been on a bullish and rocky trajectory upwards in anticipation of huge capital gains to be sold in this current...
Look at that, a day has passed and the uptrend settles high following a weekly shooting star. Time to consider the outcome. Some markets are still profitable. Technology and remote stocks will thrive in this stormy water. NASDAQ continues chugging upwards into the holiday, however perhaps we are nearing another state of euphoria. Please share your thoughts about...
It would've been better to short Trump's "nASdaQ aLL tImE hIGh" first with incoming small corrections we are experiencing another bearish rout. Possible profits: Day traders can make longs in the correction and scalp around 0.5 fib retracement from the first estabilish low from the latest ATH. If you plan to make a 1-2 month trade , I recommend going short....
Personally I do not want to place a short here despite evidence of 3 higher lows and only 2 higher highs. If you plan to short, it's a little late. If you plan to long, set your stop loss at the resistance level of ~9000 to ~9100. Trend line points to bearish activity with the 10k rejection that recently occurred. Alternatively I do not want to open a long until...
Consider taking your money off the shelf in you've invested in zoom. The price has blown past its weekly average and is at an all-time-high. What's the old addage? What goes up must come down. Breaking the trendline is good for a stocks price, indices are soaring as well. I'll stay neutral here for the time being, I'm not taking a position but I thought I'd...
The top posts on Tradingview are mostly written by clowns. Why? They're mostly using elliot waves on a market that has historically been proven to defy elliot wave logic. The proper use of an Elliot wave is like a conclusion to an essay, not your thesis statement. Instead of using this complex trading tool, just use a trend line and wait for breakouts/rejections...
Zoom has benefited greatly from stay-at-home ordinances. Considering that the SPX and major indexes have been very bullish today at news of a possibility of a vaccine, Zoom is not reacting with major movements one way or another. This news of a vaccine however is most likely nothing more than hype and excitement, so I'm tempted to switch my short to long if Zoom...
I've been waiting for lower prices since I made my last post and it appears that they're here. Another wedge has appeared on the monthly. If MACD 50/200 crosses we have a bull run on our hands. Setting my limit a bit lower than the current price.
11-12k major resistance. Any Longs from 4k are aiming fibonacci retracement (1.6) at 12-13k. Stop loss set at 9,600 per BTC. I am not trading this. My spot trades were placed months ago. Any buy under 10k is good moving forward. Potential to switch to bearish if SPX continues overarching bearish trend. IT IS CLEAR that the markets are unsure about...
I've been scouring the markets for a coin that did well against the bitcoin price despite the entire market suffering massive losses. I'm neutral for now but if the current upward resistance doesn't keep the price down those with upward limit orders will be good to traders. Buying in at market here can be moronic, so it's best to set your limit for .236 resistance...
Disclaimer: I'm not giving yall advice. I just believe this is the next year in a nutshell: be safe and shame the people who hoard resources. Major points of interest: Dot Com Bubble, Housing Bubble, ETF Bubble. Fib retrace indicates massive greed during the current administration. They really wanted to push this thing to 3.6 and now it's plummeting to hell. I'm...