Get started

125ma

Welp, Hope You Got Into USDC When the 125MA Was Lost...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 full % with zero risk of losing capital. Too good to be true, right? I thought so too. But I digress. Point is, I will be a buyer of BTC now at areas marked on chart, and buys will increase in size as price decreases. Option 2 would be to wait and buy back in when BTC breaches the 125 MA to the upside again with authority, which should signal a return to bull market scenario. And please please please don't be fooled into thinking "Oh, the RSI is oversold, I can buy now..." like so many I see. Note the spot I highlighted on the chart from a very similar candle and very similar RSI reading last November. You will note that BTC fell over 40% more before the tide turned, and the RSI was oversold the entire time. Don't try to time this on RSI or support lines. Find consolidation areas for buys, use fibs, or simply wait on the 125 MA as it has been the most telling indicator yet of whom is really in control of price action. Follow me, don't follow me, no skin off my nose. Just putting my plan out there for all to see, win or lose. I win quite a bit more than I lose, but so what. It's only the future of money we're talking about here. You could always just cash out in regular old USD and put it in a savings account to grab that whopping what, 1% APY? Or buy some bonds for that 2% APY. Or buy the S&P500 for that 6.73% APY (thats the average annual return last 30 years btw). Personally my limit buys are already set at these levels for BTC. I also have buys for ETH, BCH, and my personal favorite underdog (sorta) which is DASH. In the meantime, I'll be getting paid 8% APY that gets compounded and paid out DAILY for my little ol' USDC's. Rule of 72 says if I just put all my money in this account and forget I own it I double my money in just 9 years, worry free. I don't know about you, but from a long term investment standpoint, I mean, wow. I'm all the way out of stocks now except for literally Kroger's and two more secrets of mine, and all focus is on crypto for the foreseeable future. As long as money runs the world, the future of money will run the markets. And make no mistake, #Fintechisthefuture. Happy hunting and GLTA!! **DISCLAIMER** Obviously just one weirdo's opinion, DO NOT buy or sell something because I said it looks pretty and then complain about losing your money please. If you think I'm full of shit, join the crowd and send a comment making fun of me. If you think I'm right, then you are obviously very smart and I'd imagine very handsome/pretty, send a comment saying we will rule the world with our cryptos soon. But whatever you do, DO NOT take this as financial advice to buy or sell securities. Thank you and good day.
COINBASE:BTCUSD
by UnknownUnicorn1314136
How important is holding the 125 MA to Bitcoin??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 tends to fall off sharply after each brush with the resistance. So while the general consensus is that the 200 day moving average determines bull/bear market sentiment, I would argue the 125 MA is a much more telling source of information on whom is in control of BTC price action. This is important to note because as the chart again shows, BTC is flirting once again with the 125 MA after the sharp price increase that was seen when it broke back through the 125 in March, which "refreshed" the bull market (see what I did there lol). So, if you are on the sidelines, now is a good time to go long BTC. Reason being, if the 125 ultimately holds, you get the entire move. If it does not hold, you can cut out with only minimal losses. I am on record for a while as being a proud owner of BTC, DASH, ETH, and BCH, with a sprinkle of LTC as long term investments, so I am slightly biased to the longside. But to me #Fintechisthefuture, so sue me. Happy hunting and GLTA!!
COINBASE:BTCUSDLong
by UnknownUnicorn1314136
Good Spot To Get Long BTCCOINBASE:BTCUSD Is having it's first touch of its 125 moving average as support since breaking back above it with a vengeance. It has been holding thus far, and a breakout of technical indicators is now presenting as well. RSI downtrend resistance is breaking through now, and Stochastic RSI has crossed over while price action appears to be turning back north within the current consolidation pattern. Reward outweighs risk by a little over 4:1 if you only shoot for a target of current overhead resistance trend line, but in my opinion it may move much higher. To get this ratio, stop loss would need to be set at 8996 area, just below what was resistance, now should be support. If that breaks, BTC would likely see 7k area next. I am an owner, but I am going to go ahead and throw another 500 bucks on the fire right here right now and see what we can do. Worst case scenario it loses this support and heads south, well then that's actually best case scenario in my mind--Then I get to buy more cheaper...I sink some cash in BTC every single week. Purchase size depends on where price sits. #Fintechisthefuture. Happy hunting and GLTA!!
COINBASE:BTCUSDLong
by UnknownUnicorn1314136
$AMZN Flirting With Disaster or Prepping For Run??AMZN Currently testing resistance of what I believe to be a bear flag consolidation pattern. This is a great place to get short if you want to risk a little capital, due to the ability to cut out with a small loss if it breaks above this resistance, so stop loss at 1836. If it does not break though, you get the reward of the entire move downward, which could very well be around 1585 without breaking a sweat. In this scenario, risk/reward ratio using these targets and stops allow for an 18:1 ratio. On the flip side, if it does break upward, it would run into a convergence of a couple resistance trend lines around the 1790's area. Close above 1835 would indicate that scenario. What I'm looking at is the fact that Amazon lost its daily 125 moving average support. In the past when AMZN loses the 125, but bounces around it, up and down, it generally recovers it within a few weeks and goes on an extended run. However, when it loses the 125 and CANNOT reclaim it, then there has generally been multiple rejections followed by a "bear market" scenario for Amazon, as shown in the end of 2018. I am currently going short AMZN through Aug 30th P1640 at .70. Just one single contract is plenty with Amazon, because that 70 dollar bet can easily turn into well over 1,000 dollars if the price action acts as I suspect it may. Either way, as a technical trader I will follow the trail of the price action and act accordingly. My plans are usually laid out for at least 2 scenarios, as I believe any good trader should do. Get caught with your foot stuck on the gas pedal either way and you're headed for disaster. Anyway, happy hunting and GLTA!!
NASDAQ:AMZNShort
by UnknownUnicorn1314136
2
$MDB Bet Paying OffMDB As shown in linked idea on MongoDB, it was sitting at a minimum 6:1 risk/reward ratio at open Monday. If you took that trade there, which I did at open, you're currently up around 6% after one day. Has broken out of inner resistance, now headed toward outer resistance at 153 area. If it is able to convincingly break that trendline, it is very possible for this thing to have an extended run as it has every other time it bouyed around the 125 MA. If so, the logarithmic channel top would end up being over 250 per share. I'm an owner of this strong growth stock. Happy hunting and GLTA!!
NASDAQ:MDBLong
by UnknownUnicorn1314136
Remember when I said don't bet against this one??AYX Pure strength. As you can see from the chart, AYX is in the process of breaking out of its lifetime channel resistance. If this is able to hold the breakout this week, the sky is the limit for this thing. No overhead resistance, so only psychological resistances to worry about technically. Usually those come in numbers divisible by 5, so likely looking at 150 first resistance, then 155, and so on. Just a super strong growth stock. Short at your own peril. Happy hunting and GLTA!!
ALong
by UnknownUnicorn1314136
4
Risk/Reward 6:1 Minimum in MDB Right NowMDB In my previous post (linked) I looked at the way MongoDB previously had reacted to tests of its 125 moving average over its short but super strong lifespan. This is a true growth stock, and is currently in a position to offer a minimum of 6:1 ratio on risk/reward from Friday's close. This is dependent on setting a stop loss below the current uptrend line and channel this stock has ridden on its rise, so around 134.50 should do. On breakout from the current inner resistance, MDB should have very little trouble running to at least its previous ATH 185ish, but just as easily may head all the way back up to the top of its channel near 250ish. RSI is on watch for breaking out of resistance line, and Klinger Oscillator is quickly heading towards bullish entry point when crossing zero line while crossed over bullish. I entered last week at 139.50 as a hold, with stop loss set for now. If it breaks out as I suspect it will, I will use a trail stop instead. If looking for short term gains, I suggest options after the breakout, either up or down. Happy hunting, and GLTA!!
NASDAQ:MDBLong
by UnknownUnicorn1314136
Accumulation Zone Entry For $TREETREE As noted in my previous post on LendingTree (linked) this is a patient trade that requires a trader to display discipline and belief in the trading plan. The accumulation zone was noted as 285-270 in previous post, and this week TREE hit sub 285 for the first time on the pullback in formation of a true cup and handle pattern. I say "true" cup and handle because that--along with head and shoulders--are the most misused patterns I notice on this site. The true cup and handle is a continuation pattern that should occur at the top of an uptrend, and the handle portion should retrace about 2/3 of the cup depth. So, if you are looking to add to or get in TREE, I say now is the time. The handle bottom should coincide with the uptrend support line and the 125 moving avaerage, which this stock respects. First target will be 450ish, with the very real possibility of this stock ending up well over 500 in the next few years, macro conditions permitting. Happy hunting and GLTA!!
NASDAQ:TREELong
by UnknownUnicorn1314136
Conagra Breakout TargetsCAG Conagra Brands gapped up out of its recent consolidation pattern, freeing it up for a run to posted targets. Gains of 10% and 20%, respectively. Shown below is a close up daily chart for a better view of the gap up breakout. Monthly chart indicates this stock could very well see the 44 area longer term. I personally like this stock for longer term buy for gains+dividends. Shorter term, look for Sept 20th C31, currently available for about .40 per contract. Happy hunting and GLTA!
NYSE:CAGLong
by UnknownUnicorn1314136
$WMT Sitting at strong support going into ERNYSE:WMT Wal-Mart is sitting at what should be a strong area of support going into its quarterly ER this Thursday. Strictly technically speaking, this is a convergence of multiple supports that should provide a stop to the selling pressure. There is a horizontal former resistance that should turn support, an uptrend support line, and the 125 MA all in a cluster right around the 105 area. In addition to this, there is a strong short term bullish divergence in the RSI. Typically this is an ideal area to look for a bounce, when the price drops, bounces slightly, then drops further than the initial drop. If the RSI from the secondary drop stays quite a bit higher than from the initial drop in my experience this provides a strong indication of reversal. One final note technically speaking is that WMT recently broke out of a consolidation pattern to reach its ATH's, and this drop represents what many like to think of as an ideal entry point--the retest of the breakout area. Add it all up and it looks like the spot where I want to take my chances going long on Wal-Mart, even knowing the headwinds retail has faced across the board. Because of the expectations of retail difficulties, any sort of surprise positive result will likely send this thing flying well past it's ATH's. So, I have bought some shares here at 105.25 (only 5 shares) and have also took a shot with Sep 20th C120 at .17 apiece (5 contracts). Total risked is only just over 600 bucks, with possible returns far far outweighing possible losses at this point. Stop at 102.5, selling options either worthless or at WMT 115 by end of August. Happy hunting and GLTA!!
NYSE:WMTLong
by UnknownUnicorn1314136