Weekly Outlook! 3/1 - 3/5Here we go over last weeks video and we take a look at a few things we are keeping an eye on for the coming week!
Buythedip
BTCUSD - Buy the dip?I saw an area of confluence at around $40k - $42k. As you can see, the 161.8% and 61.8% Fibonacci retracement also the 55 daily EMA is currently sitting in that area. When the price reaches that area, there's a high probability that the price would rebound. So the $40k - $42k level is considered as a pretty good buy area. But there's also a probability that the price would go through that buy area and bounce off from the 21 weekly EMA (147 daily EMA).
WKHS Beat Down. WKHS has been beaten down over the past week, dropping nearly 60% in share price. Good buying opportunity?
Silver: Buy the Dip or More Downside Risk Ahead?The bias for TVC:SILVER remains to the upside. The recent slight bounce in the dollar, which has occurred sooner than originally expected, has contributed to last Friday's selloff in commodities. Until proven otherwise on the chart, this recent shakeout remains a buy the dip opportunity and a great place for new buyers to establish initial positions.
Everything shared here is only my opinion and no results are guaranteed. Good luck!
Southern Silver Exploration Corp. Almost Ready to ExplodeHigh risk / high reward play for OTC:SSVFF . A close below the arc would invalidate the bullish thesis.
Everything shared here is my own opinion and no results are guaranteed. Good luck!
APPS - consistent returnsSelf explanatory. Buy the dip, good to have cash on hand to seize the opportunities the market presents. Not always good to leave money on the table.
Switch the chart to candles and you can identify some great bullish candles at the reversal. Tweezer bottom got me looking at buying calls. The buy signal confirmed it. Ride the wave up and set the stop loss for some good risk/reward. Next signal was clear momentum play as the price moved above the cloud.
Safe trading! Like/Share!
/ES pulling a setup for a tighter leg up.H/s formation atm with a base measure and sprt target zone of 3820-3807. A buy alert set for 3820 with a stop 3805. Measured move of h/s and fib measure indicates another attempt at ATH and zone levels 3987 as a primary target to an extension of 4021. All invalidated with a trade below 3807, which is been a pivot on the hourly since 01/7/21.
APPL and TSLA RETURN TO THIER HIGHS!!!Listen and watch my charting and projection on TSLA and APPL!!! I Hope you learn something show some support if you enjoy!!!!
$TQQQ $87 A Healthy CorrectionThe market has been a bloodbath the last 4 trading days. We saw share price across the board easily correcting 5%, 10%, 12%, and even 15% each day.
However, I believe that the correction is not over yet. We will likely re-test the support of the bullish channel at around $84.32 to $87.27. This is a very healthy correction that is long overdue. Use this opportunity to load up on shares of companies that you believe in by buying the dip because fundamentally, there is nothing wrong with a lot of the companies that are experiencing the dip.
My target is $87.27. Please set SL based on your own risk tolerance.
This is not investment advice so please do your own due diligence!
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Bottom reached?Let's see if the 49-51 levels will hold. Volume is still extremely low, hinting to the fact that not many IF ANY institutional owners are selling. Added to my personal position at these levels, always be ready to average down for moments like this.
Worst case, we might see mid-low 40s again, although fundamentally I highly doubt it. The longer a stock goes sideways for, the bigger the move will be. Patience is key here!
DraftKings LongPlayA Well Respected channel clearly in a continued uptrend, I anticipate a pullback to the given support in the chart before a continuation to the upside .
Ensure to plan your trade , Entry , Exit , and SL ...and dont get greedy ...take profits on the way up ....Thanks For stopping by . ..Appreciate the support , show your appreciation with a Like/Follow and feel free to comment .
BTC - Trade the trend until It breaks Well BTC is still retaining its bullish market structure and no doubt will continue to punish those who short every new ATH .
Everyone seems to be calling for a big correction but lets be honest if everyone is calling for it does that mean they get it .
As the title says "Trade the trend until it breaks " and right now there is not much to indicate that the correction is here although of course that can change but until then trade what you have and that is Bullish MS.
The CME closed on friday at 55900 so there will be a gap to consider that most likely gets filled when we pull back .
If you dont have a position and are looking for a possible entry then this seems like a good area to look for longs .
Volume Profile aligns nicely with the 618, 9EMA and the CME Gap .
Like and Follow if you appreciate my work ..Posting setups and content daily ..Tyvm
USO - very bullish on oilAnyone with a brain knows where we are heading.. Take a lesson from Texas. Long here for USO and Oil and gas in general. Especially with a Biden admin. Opposites attract...
Good luck!
BULL TRAPesaurus REX"B waves are phonies. They are sucker plays, BULL TRAPS, speculators' paradise, orgies of odd-lotter mentality or expressions of dumb institutional complacency (or both). They often are unconfirmed by other averages, are rarely technically strong, and are virtually always doomed to complete retracement by wave C. If the analyst can easily say to himself (or herself), 'There is something wrong with this market,' chances are it is a B wave".
- Robert Prechter
The Elliot Wave Principle: A Key to Market Behavior
A lot of bearish divergences across TFs.. This AB movement has been anything but pretty -random volume, bearish patterns breaking bullish, a speculative FRENZY.
Profits will be taken. Don't get eaten by miners.
eth still looking great, to meeth has been repeating the same thing over and over and this looks like another chance to buy the dip at the bottom of one of these channels, obviously the arrow does not represent the exact path it is just an estimate, draw the trend lines on your own chart and do your own DD of course but if you where waiting for a chance to buy eth at lower prices it looks like your about to get it. If this plays I believe the end result will be a clean break above 2k for good (excluding wicks and dumps caused by papa BTC)
SPX1H looks to be setting up an IH&S pattern that will break up to ATH's I still think this correction is almost over and we continue higher. Possible correction around 4800
ADA Breaking Down Trend Possible Bull RunWith ADA reaching highs of $0.97 last week Thursday will its break the $1.0 mark this week? ADA has just broke a down trend resistance and it looks like its on its way up. Lets see what the next few hours bring. A clear run on the upside would set it off all the way to $1.0 by the end of the week.
Happy trading.
VERIZON LONG OPPERTUNITY LOVELY RETRACE LOOKS COMPLETE AFTER SETTING A NEW ATH .....NOW TIME TO LONG ...TARGET .382 +.618
Breakdown from Ascending Wedge could be good entryFinishing the ascending wedge pattern, looking like it might break out to higher highs.
Volume is also declining up to this final point, suggesting highly volatile price very soon.
A dump down could find early support and be a good entry point to continue price discovery towards 2300.
UBERWe are in price discovery, dips are for buying. This stock could hit $200 plus in few months. LT super bullish here I buy and hold and dream.
