Another "buy the dip" trading idea! 😁Another “buy the dip” trade, just like our idea on DE. The principle is exactly the same, but with a few more details.
We have a rounded bottom, and the RSI is extremely divergent, indicating a possible rally.
In the 4h chart, the RSI is at 23, and we did break the BB today, but we closed inside it in the end. Like this wasn’t enough, we are above a support at 216 area.
A rally could make it hit the 231, but CAT must do the movement quickly, or it’ll lose momentum. It must not lose the 216 again, or it might keep dropping.
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See you soon,
Melissa.
Buythedip
Is DE oversold? Yes!It looks like DE is extremely oversold, and this might be interesting. We have a divergence on the RSI in the 30min chart. It is not the best, but it is a start. We also have a rounded bottom idea, and only DE loses its bottom the trade will fail. Small stop-loss, high reward.
The RSI in the 4h chart is extremely oversold as well, and DE went outside the BB for a moment, and now it is closing inside them again.
All of this is occurring near a support area at 331. It is a very risky “buy the dip” kind of trade, but DE can bounce back to the 350, and this makes a good risk-reward for me. Always remember, it is oversold, but this doesn't mean it can't drop more, so, always protect yourself, and use tight stop-losses!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
SP500My super smart highly educated fin twit buddy is telling me 4400 is coming b4 any pull back. But IDK TBH I see the waves as complete and W4 should ensue very soon. So Im just open my LT trades and I am trading in and out quickly as we all know from EW wave 4 can be brutal. Or can be quickly bought up so this uncertain aspect of stocks leaves me kinda on the side lines as some FA shows that inflation trade is all about finished and with USA reopening we should cool off and a W4 kinda makes sense. I will say that this dip is a fantastic buying opportunity IMO.
Tech sector looks ready to puke so entries in the coming months can set up sweet portfolio positions in 2022. I will be doing an hourly wave analysis in my newly created group and trying to keep all eyes on the W4 pull back. GL guys.
BTCOk I have good news and I have bad news.
Crash below $30k now seems unlikely and more likely back up to $50k plus $BTC. Thats the good news. Bad news is that #Altseason2021 is done for now $BTC is going to take all $$
$BTC about to start that parabolic thing again, no more bears allowed they must be murdered & left for dead on the bloody street.
RBLX Strong Growth Potential - Roblox I am Familiar with this company as all my children play or use some game on the
Roblox Network . Upon having to submit my debit card info to the kids to top up on some power they need
in game or to reach a new level I can say that Roblox have captured there market very well .The Kids to Play and the Adults to Pay .
With better than expected results on the last earnings and the current picture on world affairs I can see a strong argument for growth in this sector .
This is a newly listed company and as drawn on the chart we are trading within a Ascending Channel and are currently testing the top of the channel.
We may break out of the channel but I expect to back test support which sits at the point of control and a FIB .618 pull for additional confluence.
This will be a great Buy opportunity when it presents itself , in the meantime set an alert close to this region and be prepared to pull the trigger for a stock that
has Strong growth potential .
Ensure you know your Invalidation and use a SL , any questions then please ask , Drop me a LIKE and FOLLOW for regular Setups.
Head & Shoulders formed, will be watching closely to buy - Big Head and shoulders formed, short term bearish but I personally will definitely be watching closely for longer-term buying opportunities
- Strong support at the $3600 level, if broken look for bearish continuation until buyers step in
- Bearish divergence on the RSI
BITCOIN FOR SALE. GET TF IN!! BUY IT UPThis is my analysis of bitcoin. this is an opportunity in my eyes. it has completed the 4th wave and we are in the beginning of wave 5. in NOOB language. buy the dip. the dip is done. so buy it now. each box is a level. i advice to take profits at each level or you could take profit at each fib level to be even more safe.
Has the dip ended on Ethereum?!Good afternoon cryptomaniacs
From this TA, i firmly believe that the dip is now over and Ethereum has recovered.
Here are the following reasons why.
1. EMAs are still bullish and looking healthy
2. We have had 3 impulses down
3. Regular bullish divergence with a slight double bottom
Above are the reasons why I believe the dip has come to an end.
Another note we could have two options on how to trade this.
Which are
1. Enter a trade now
2. Wait for price to return to the yellow box
As always, keep the risk managed
Aggressive buy zone (Buy the dips opportunity)I think this is the best time to buy aggressively. The price has been corrected to the Fib-0.618 and is on the multiple strong support levels.
Do you prefer to trust social networks and follow rumors or take a look at the chart and get help from collective intelligence?
Someone who claims to be our friend one day calls Bitcoin "my safe word" and questions its decentralization the next.
Does he tell us in advance what he has in mind or he prefers to take the initiative?
I think his words and deeds are contradictory.
Let's go back to the chart:
A falling-wedge pattern is forming on the price chart. The formation of this pattern exactly after an uptrend indicates the continuation of the trend.
The strong support level (composed of sma-200, ema-200, Fibonacci 0.618 and lower trend line of falling wedge pattern) is just below the price chart.
Take a look at the CCI(Commodity Channel Index), which is at the same time at its support level.
I can wait for more signs, but this time I prefer to buy aggressively 'in the dip'.
Note that bearish bias will increase if the price falls below this support area.
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This is not a financial advice, it's just my perception of the market situation.
I wish you good luck.
Bitcoin - IMPORTANT Potential Buy Zones!💰I'm sure we all know about the BTC sell off that is currently ongoing. Firstly, don't stress! There is so much weight behind crypto with big corporations now involved.
Here are potential areas you can get back into the market. We are currently testing 40k right now. If we slip through this level keep an eye on 30k as a potential buy zone!
If we see a rejection of 40k on the day and a push up this might be the confirmation you need to get back into Bitcoin!
Remember, trading cryptocurrencies carries high level of risk, so only risk money you can afford to lose!