Looks very bullish here ...Just placed my order in here. It might be a little bit late for the party - let's see if another re-test of the broken trendline will happen or not ...
Bullishlong
$TWTR consolidating.. to the up side?$TWTR rises after Elon musk bought a 9.2% of Twitter a few days ago and slowly pulls back, and the price consolidate for a few days. despite the 2 day selloff in the market especially in technology stocks, Twitter held up the price between $44-49 and close slightly higher before the market close last Friday.
From a technical perspective, there's a high possibility that twtr could break out next week if it continues to consolidate and if the market decides to bounce after last week's selloff. also, keep in mind that #TWTR earnings are coming up. so play cautiously. in my experience when the company has earnings announcement after market close. the stock usually rises when the stock misses the earning estimate and pulls back after-hours after the announcement. but when the stock has good earnings the stock sells off and rises after the announcement after the market closes. it also sometimes consolidates for the whole day before earning announcement after market close. but this is just my observation of every earnings announcement and I'm sure you notice this kind of movement before.
Below is my strategy for day trading or scalp play for TWTR
TWTR: Day trade or scalp target play: 04/25/22
Buy call above 49.43 sell at 50.70 or above.
Buy puts below 47.70 sell at 46.77 or below.
option open interest: ideal expiration date: 4/29/22 (risky) 5/06/22, 5/20/22, 6/17/22
Hello everyone,
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BTC BOTTOM IS APPROACHING ! The HODLer community in the early years of 2008-2014-2017 lived through the greatest profitable assets known to man.
These early adopters and HODLers have experienced the greatest bull run in human history. They are so confident on the next bull run. The sheer determination to hold on to their bitcoins no matter what is the what differentiates BTC from every other asset in the world. In the midst of our current circumstances, a pandemic and global recession (depression) common people are doing everything they can to get hold of cash selling assets and holding their money. Naive to the fact that the federal reserve is using instruments such as unlimited quanitivie easing. Which merely the devalues Fiat currencies. Hyperinflation. This hyperinflation and the sheer determination of HODLers and early adopters have majority of the bitcoins in the network. Subsequently mean the bitcoins price is sustainable, yes will experience small contractions due to amateur crypto enthusiasts withdrawing money, but the HODLers are what keep the price sustained above US$3000. But once we drop below the $4000 mark the masses will adhere to the rumours and speculation. That bitcoins use case is to protect Peoples finances during a financial downturn. And we will see a correction to a bull run. As mentioned above the hyperinflation factor also complements bitcoin as well, the principles are exactly the same, fundamentally the same as gold and this is why after the 1929 great depression, gold was tethered to the USD. It holds its value people trust it and they believe in it. It may only be a small percentage of the entire population that believe in bitcoin, but this principle is exactly the same for bitcoin. We haven’t even considered the halving which is going to occur in May 2020 all of these factors suspiciously timed perfectly fuel the exuberant increase of bitcoins price and popularity.
Time will tell, this is not financial advice every single penny I have is invested into bitcoin and every single penny which I am over the next coming months will be invested into it.
On to the technical side of things.
As of today, moving average 200 and the moving average 500 have crossed. MA 200 Will be above the MA 50 which indicates bear movement. We should anticipate a price to drop over the coming days and bitcoin normal behaviour in price drops are that it will be significant and substantial, expect 39% decrease and more. Before then we will see it drop into the realms of the US$5000 this will trigger automatic sell off of people’s long position stop losses. Of which will fuel and catalyse further decline as people withdraw the bitcoin and hedge into stable coin driving the cost down further into the US$4000 range. Once we get into this range, we should expect to reach support line of US$3500-US$3300 which we experienced in November 2018 to February 19. This price range initiated the well-known 2019 bull run into July.
HODLers, early adopters and currency crypto enthusiasts will be licking their lips and scraping every single bitcoin nine can at this bargain of a price. It’s an early Black Friday. Consequently, this time round with the timings of halving, the pandemic and excessive quanitivie easing, we should expect to pass the US$13,000 mark before November and continuing up into 2021 where we will break through US$20,000.
BTC to 5K? Institutions are loving this! (BTC-analysis) Hello everyone
Today an update on BTC-price action. We will have a look at the TA followed by my opinion on the fundamental news and how the market has reacted to current situation.
TA
On technical side of things, it doesn’t look to good, what are the important things to look at?
-In June we saw a new low since the ATH, these lows are getting lower and the highs are getting lower aswel, this is just not looking healthy at all.
-We have passed 2 major support lines at 6.8K and 6.5K everyone was expecting a bounce of this support levels. It has always be declined. We’ve broken a huge support line 6.8K because the SEC has delayed the decision ( more information down below).
-The next support that we’re heading is the 5.7K. The lowest point we’ve reached since ATH. I think we will break this point aswell, bears have the momentum. The RSI is closing to the oversold area but we’re still not there yet.
-I expect for BTC to decline another bounce opportunity at 5.7K and to near the 5K level. In my opinion is BTC not going under 5K. I think that institutions will get comfortable getting in to this market at these price-ranges. If we go to 5K, BTC-dominance will def be at 50% or more, than we could see back some more transactions going on with alt-coins, some more interested from investors and this could lead to a possible nice uptrend.
Opinion
So we saw today another 8% downfall. Why? Because BTC-ETF decision is delayed by the SEC. unbelievable stuff right here! This isn’t bad news at all! This means that the SEC is really considering its decision to accept a BTC-ETF. Maybe people were scared how the market would react to this news or were scared that there would be a huge sell-off overnight but this is just unbelievable. I’m a bit disappointed in the traders because we’ve proven here that this market isn’t mature at all at the moment. First the NYSE was bullish, believed in BTC, journalist wrote over 100 articles about that, we saw a decrease of price that day! Now the SEC has delayed the decision according a BTC-ETF and everybody losing their minds? I don’t get it, it’s ideal for institutions though. The fact that we are not trading rationally is a huge advantages for the big players. I think that the big players will come in at 5K, we’re on track to reach that point if we continue to panic-sell like this.
Love to hear your opinion on this!
DM's and comments are always welcome.
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(BTW: i'm a huge bull for BTC in the long run)
The Game of Charts...BITFINEX:BTCUSD
Welcome, all my crypto lover friends. Let's get straight to the TA.
It looks like the inverse H&S pattern has failed (for now). The moment when we thought that we are out of the bearish territory, we got dragged into it again (probably by Mt Gox). The four hour BTC chart says that we are not out of the bearish territory yet, but, we will be soon.
From the past two days, BTC has been swinging in the price range of $8300 to $9700 (two Orange dotted lines). BTC was way below the 20 (Red) and 50 (Orange) EMA but it's catching it up at this moment. And yet BTC is much below the 100 (Dark Blue) and 200 (Sky Blue) EMA. Having a look at the volume(Pink ellipse), it looks like BTC has more trading volume in the past two days than the past week from March 1st to 7th, which is a good sign. Also, the RSI level seems to be increasing and it's above fifty percentage at this moment. Besides this, BTC is having higher high than the previous. All these could be a sign of a bullish trend, but the important thing to remember here is, we are still in the bearish channel, which BTC has followed from the beginning of this year (shaded portion).
Right now, BTC may rise form here at a certain level, may touch the 100 EMA, but it's likely to return to the bearish territory and test the support level around $7500 (the lower red line or the green line channel) if the trading volume decreases as of now.
I think, BTC is going to rise until the RSI level reaches 80 percent, but then again it will fall hard this time and test the lower support level (Green line channel). This could be due to the Mt Gox. Let's call it Goxish behaviour of bitcoin which we may see in the coming hours.
This correction in bitcoin price will be a significant one and after this, we may see the slow bull run of bitcoin. 'Slow Bullrun', because apparently if you see it looks like BTC is moving sideways with some ups and down, but, gradually moving it's way up and once it grabs that pace, we are on our way to the moon.
Always bullish on Bitcoin. All hail Bitcoin.
Hope for the best. May the odds be ever in your favour (while trading too).
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*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*
