GM ATH Break Weekly Options PlayDescription
Been watching these fans lines play out in accordance with the Fan Principle in general technical analysis, but did not want to enter a position off of them.
Now, off of the third fan break and and ATH break, it seems that the principle has held true, and signaled an end to the intermediate corrective trend.
The break and close over ATH signals a supply exhaustion.
Using long calls.
Long Call
Levels on Chart
SL < 64
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/26 65C
R/R & Breakevens vary on fill.
The long call is placed ATM for higher chance of profit.
Manage Risk
Only invest what you are willing to lose
Athbreakout
Gala to the moon Disclaimer : It is not a financial advice am not a professional I don't take responsibility for your loss
Just for educational purposes.......
The Devin bull hammer is here,
Congratulation to those who have hold it so long and taking profits right now
This is your host k9100............................ back at your service
Hi there gala gang how you're doing I know it was rough time for gala and us what we hold it we support it
and here gala is paying us
Please do your own research before investing ...............................................
Bulls are back in game
zoom in and zoom out to see the targets and watch for red zone
Hit like and comment, support the work
Thanks for love and support, I hope we will reach our destination this season
Always remember to take profits
and don't sell til 0.3, 0.5, 0.7 profit targets be patient and keep pushing
for new entry, buy after retest of 0.12 or 0.11 or after finding support at 0.14
................................................................................................................................... har har mahadev
BTC New ATH Can it Close as ATH Daily ClosePlan is working, see if BTC can close above the prior ATH. Then come back test it and bounce up. All things I hear from Krown in the morning helped me plot this and will follow long term. Play with the chart and save if you want.
Price discovery to marked areas, then snap up to 100K, Bitcoin will be drawn to that top, lots off people havce said they will sell at 100K, but I see much much more...
If it's a Bull Flag, it's a huge numberIf we chart this recent stretch to a bull flag and it holds above 62K then we see a 20K run up to 82-85K at the minimum. Of course the volatility in BTC is always a challenge.
At this time we are waiting for a ATH and close above in order to set our stop loss at BE. We are long from 63K
Wasn't BTC supposed to go up❗️❓Hola people, and hello to my followers. BTW: If my analysis give you more clarity and value SMASH that like button - if they don't, please follow me.
So, let's get to business. As you can see, Bitcoin is now being the annoying currency like we all know it. Instead of smashing ATH's, it's lost in a range.
The blue rectangle is where the consolidation is happening - AKA range.
You know how this works, either it breaks out the upside or the downside. We will wait and see.
That's it for this analysis. I'm out✌️
SHIB retesting ATH?SHIB has officially broken the descending triangle and is now in a tiny consolidation. If the price breaks above the resistance level of the consolidation area, we could see a potential retest of the ATH. If the price managed to drop through the support level...well you know what that means. Either way, I don't care what the price does, cause you can short it or go long with it.
BTC Ready to move higher!on my lateste update i viewed a possible H&S pattern, the pattern did complete but then the bulls came in and bought it up.
As i post this, the bears are trying hard to push the price down but the bull keeps buying it up.
This could be the launching pad for a new ATH.
A falling wedge that broke out, in a inverse H&S pattern that is now retesting.
Strap in, FOMO is real!
3 ATHs in 1 Week - $GOOGL, $TSLA, $AMD $GOOGL, $TSLA, & $AMD all reached ATHs in 1 Week
$GOOGL - Alphabet
Reported Q3 FY21' earnings yesterday & hit an ATH of $2,925.08/share on 10/27/21
Alphabet is up 66.85% YTD
Returns since IPO in Aug 2004 - 1,670%
Decades of dominance by $GOOGL - along with their record-breaking recent Q3 FY21' earnings & updated Q4 FY21' estimates...
I continue to have a long position on $GOOGL in the long-term
$TSLA - Tesla
Reported Q3 FY21' earnings earlier this week with EPS of $1.86/share beating estimates & Revenue of $13.8B missing estimates
Reported an ATH of $1055.58/share on 10/27/21
Tesla up 47.07% TYD
Returns since IPO in June 2010 up 21,621% (yes thats correct - in 10s of thousands)
Reported 241,300 vehicle deliveries up 73.2% YoY
Plans to achieve 50% vehicle annual growth in vehicle deliveries over a multi-year horizon
Not sure my thoughts on $TLSA even as an owner of shares - with the current state of the supply chain, energy & it's rising costs, ESR movement, & clean energy it's hard for me to say "I absolutely LOVE $TSLA" or "Buy it Now!" - However, I do believe EVs are the future and am very long $TSLA for a long-term investment
$AMD - Advanced Micro Devices
Hit an ATH of $128.30/share on 10/25/21
Reported Q3 FY21' earnings earlier this week with EPS of $0.73/share beating estimates & Revenue of $4.31B beating estimates
Revenue of $4.31B +54% YoY
Advanced Micro Devices up +33.33% YTD
Returns since IPO in Oct 1979 - +3,689%
Q4 revenue estimates raised to $4.6B
Very positive outlook overall - including large raises in Q4 earnings estimates, but also a very volatile stock - given its sector, volume in number of shares traded, % almost "meme" stock status, I am long $TSLA for a long-term investment
$SPX - S&P 500 new ATHOn Friday 10/25/21 the $SPX - S&P 500 closed at $4,566.48 up +21.58% for a new ATH - up from FY20' high of $4,756.07 an increase of (32.7%) YoY
This was boosted by strong earnings, progress on U.S.-China trade, & $TSLA reaching a new ATH price/share and record breaking market cap of +$1.0T - $SPX contributes to 113.6% daily returns YTD - 7th highest weighting in the S&P 500 at a 1.5% index weighting
After hitting a new high on 06/26/21 the S&P 500 suffered a sharp sell-off amid fears of an economic recession in August FY21' - hat month the S&P 500 dropped (1.8%) - struggled through September FY21' but has rebounded strongly in October - now up more than 6% from its August
Last week’s 1.2% rise set the stage for a potential S&P 500 upside breakout
The market is sending you a very strong message: The cyclical stocks are recovering and they are outperforming. If the economy was going to hit a really bad patch, these stocks wouldn’t be recovering. The market is finally breaking out of this trading range and it is headed higher
BTC ANALYSISBTC just broke its trendline and is now consolidating near the $60k-61k zone.
The first possible move is to consolidate in this zone and then rise towards its ATH after accumulation is complete.
The second option is to take a liquidity dip into $58.5k-$57.5k and then bounce back towards the ATH.
If you look closely at the chart, you can see that BTC is going to enter the Ichimoku Cloud, which indicates that consolidation is on the way.
In either case, the Alt Coins will benefit.
So its good time to accumulate major ALT's too.
I'd suggest accumulating BTC in parts during consolidation or on a dip.
ALT's that have bottomed out or retraced should also be accumulated.
Dollar Cost Averaging would be the best technique in order to invest now.
2017 vs 2021 BULL RUN - we are still in for a move towards 230KDear all,
Prior to the big 2017 rally, a similar downtrend was seen just like we saw when the 64800 ATH was reached and retraced. We are now re-testing the previous ATH (will break soon, with some expected pullbacks). When this happened in 2017, the price rallied 715% to the peak. This would bring us in the current run towards the 230000 dollar levels.
Enjoy the ride,
Best,
Y
Bitcoin daily 19/10/2021Situation on bitcoin.
Price is very close to ATH. Weekly candle close (with body) above 60k. This level is very important - now is 60k strong support.
Next strong support level is around 57k.
If you check also simply trendlines, you can see that price goes more and more parabolic.
This is good but very dangerous. Crash could come very easily and price can drop down very fast.
What to trade? Currently is not any trade setup on bitcoin. It is better to focus on altcoins and wait for the pause of bitcoin rally and take some alts