Buythedip
MU BULLISH BOUNCE OFF THE EMASWatching for Bounce here off the 10. If we do not hold, will watch for a play off the 20 EMA. Solid play!
If I just had more BTC to spend...Those market insanity occasions are when I'd love my btc balance to be higher, so that I could buy more alts.
Everything is going down, and the best altcoins aren't spared.
I'll give you my short list, which could be way longer:
OMG
WTC
LINK
BNB
NEO
ARK
MTL
LSK
I believe they're all sure fires, which will go back up once the craze ends.
I don't exclude them going down further before Nov Fork, and that's the reason why you should average your buys in time.
BTW, everything below fib .50 is gold to me.
If OMG goes @.618 retracement, I'll definitely pour what I have left in it!!
Happy trading everyone!
Don't be unprepared when ARK will reverse!!It seems that some of the biggest altcoins (see NEO, OMG and ARK) are correcting quite strongly.
To me, those are all awesome buying opportunity, and these are the moments when I wish I had more money to invest.
ARK went on a crazy rally from mid aug to mid september, and we all know that the steeper the rise, the harder the fall. That's the reason why correction on ARK is particularly dramatic, and that's the reason why after gains like these you should sell!
BTW, I'm talking too much. The point here is that ARK has proven to be a solid coin, remaining strong also when BTC was crashing. So, get ready to jump on the boat, as once the correction will be completed, there'll be another fancy ride.
So, given I have a capital of 100 I want to put into ARK, I'd go like this:
25 @ .618 fib retracement (54k sats)
25 @ 47k sats resistance (if reached)
50 at reversal signals (price & RSI downtrend breakout, MACD crossover)
Buy the f*ckin dip!!!
BTCUSD - Ignore the FUD, Buy The Dip, HODL!As western media continues to misinterpret news out of China regarding Initial Coin Offerings and crypto-exchange regulation, the price of BTC continues to drop. This is by no means a negative, as it offers an excellent opportunity for market entry to those that missed the boat on the previous bull rally.
Currently BTCUSD has retraced to just below 50% of previous bull rally and we will probably see a retracement to 61.8% to $3000 levels. This will be the perfect entry point before the price action bounces back off a historically and psychologically strong support level of $3000.
GOLD - Looking For A Potential Push HigherGold/US Dollar is another pair that has broken a significant level of structure today completing a Head & Shoulders pattern by breaking the neck line. For me all signs point towards a move higher and there looks to be a lot of opportunity.
Like the other pairs discussed today, I like to buy on dips, so a pullback to or into the neckline/right shoulder is the area that I would be watching for, for long opportunitties.
Akil
Short-Term Dip, Long-Term Gain For LVSOn April 3, 2017, the Las Vegas Sands Corp. ( NYSE:LVS ) 20 day moving average (MA) crossed above its 100 day MA while its 50 day MA crossed below the 200 day MA. Both events have never occurred on the same day. Historically the 20 MA has crossed above the 100 MA 18 times. The stock has a minimal gain of 0.157%, has a median gain of 5.899% and maximum gain of 72.847 % over the next 15 trading days. Historically the 50 MA has crossed below the 200 MA 6 times. The has a minimal loss of 0.661%, a median loss of 4.687%, and maximum loss of 11.732% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 64.5565. RSI tends to determine overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slightly moving up and recently retreated from near overbought levels.
The true strength index (TSI) is currently 20.5597. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is slightly moving up.
The positive vortex indicator (VI) is at 1.1249. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is moving up, although is retreating.
The stochastic oscillator K value is 72.6098 and D value is 69.2514. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is coming out of an oversold level, but trending up again.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading up, but could have a brief pullback from current levels first. Based on historical movement compared to current levels and the current position, the stock could lose another 1.5% over the next 5 trading days. After this drop, the stock could move up toward the resistance level around 60. From the close on April 3, the stock could gain 4.9% within the next four weeks. If bought near the anticipated dip, the gain could be greater than 6.5%.
Buy The Coming Dip For AT&TOn March 31, 2017, AT&T ( NYSE:T ) crossed below its 50 day moving average (MA) while its 100 day MA crossed over the 200 day MA. Both events have never occurred on the same day. Historically the stock has crossed below the 50 MA 330 times and the stock does not always drop. It has a median loss of 2.239% and maximum loss of 25.170 % over the next 8 trading days. Historically the 100 MA has crossed over the 200 MA 20 times and the stock does not always rise. It has a median gain of 3.959% and maximum gain of 21.067 % over the next 20 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 45.0401. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slightly moving down.
The true strength index (TSI) is currently 3.9504. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is slightly moving down.
The negative vortex indicator (VI) is at 1.0906. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is moving down.
The stochastic oscillator K value is 22.22 and D value is 18.62. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is coming out of an oversold level, meaning the stock should go higher in the next few days.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading down in the very short term, but up in the long term. Based on historical movement compared to current levels and the current position, the stock could lose another 1% over the next 5 trading days. After this drop, the stock could move up toward the resistance level around 42.50. From the close on March 31, the stock could gain 2% within the next four weeks. If bought near the anticipated dip, the gain could be greater than 3.5%.
ETHUSD Coiled for Its Next Leg Higher?With BTCUSD running up over the last couple of days, we've seen ETHUSD trade sideways to lower...but not for much longer, so I think. With a Squeeze forming on a 195 minute (+ a bull flag), 78 and 39 minute chart I'm looking for it to make its next leg higher.
If you take a look at the daily chart, ETHUSD has been trading in a nice pattern for the last few weeks and as the saying goes "don't fix it until it breaks" which translates here to, "but the dip."
I wouldn't be surprised to wake up to new all time highs...I guess we'll see.
Goodnight and good trading,
Jared
Another indicator Visa will move upHistorically when the RSI reaches this level the stock moves up at least 1.00% over the next few weeks with an average move of 3.75%. The stock will most likely fall over the next few trading days before testing resistance at 83.70. I plan to place CALLS over the next few days on the dip.
Visa pointing up soonHistorically when the coppock curve reaches this level the stock gains a an average of 5.11% over the next few weeks. Because Visa has had 4 consecutive days of solid gains, it may drop over the next 1-2 trading days. Buying the dip would be a great options play. The pink zone is the target area for the price to reach. My conservative play is a move to at least 83.70 which has been a frequent area of resistance.
Time for some downLooking like a lower high and near enough to be called a double top. Price action looks weak, expecting some short term bearish movements.
Targets are 2880, 2820 and with a possibility of going as low as 2740.
Do not despair, these prices will still be a very healthy higher low, and we will still be in an up trend.
I must note caution here, I am not actually shorting this and do not recommend it as a short opportunity, take some profit, then buy the dip. Still a bull trend.
The Fed gave two reasons to bid up a new all time high for SPYFirst of all, kudos to all of those who rode yesterday's rally!! I rode it with good size and closed near the close sequentially, around 210.50s in average exit price.
On wednesday 18th, the FOMC committee communicated two big shifts in its forward guidance regarding the interest rate path:
1. Lowering the Fed Funds Rate forecast for the end of 2015 (from 1,125% to 0,625%), thus signaling a slower hiking cycle. This was partially priced into Eurodollar futures market (which prices the odds of a Hike in September 2015 to less than 50%), but the weakness in equities since late February indicated otherwise. So there's a rational bid in there.
2. More importantly, the Fed also reduced its estimate of the "natural" rate of unemployment (the NAIRU, or non-accelerating-inflation rate of unemployment) to 5.0% from 5.5%. Part of the freakout of the past couple of weeks had a lot to do with a surprisingly solid payrolls report (+295k jobs and U-rate down to 5.5%). Another bid will come from a critical change in expectations: since the Fed is timing a hike with data dependence (specifically, when it sees a tight labor market and signs of wage and price acceleration), the new forecasts indicate a future monetary policy that would be less tight than expected, until these variables show any signs of true overheating.
Technically, the furious & high volume rally right out of the minutes broke a major resistance line (200-MA in 1hr, 208.60s. We'll probably revisit this line for a quick tap tomorrow morning (fast money seems to be lightening up its outsized longs). I'll put limit orders near the same moving average, some wiggle room with the stop loss (I won't be stop hunted this time), and just ride the rally that's coming in the US Equities Market... A clean crossing off the Hagopian Line (around 210.50s at the current point of the slope) will confirm the strength of the rally.
Possible headwinds on the vision:
- US Debt Ceiling - related political shenanigans (Republicans own Senate & House of Reps)
- Crashing oil and more fallout in the HY Energy sector
- A continuation of poor macro data in the US
- Flash Crashes (the dollar was decimated by algos yesterday right at the market close.. it was temporary, yet scary)
Remember to do your homework before placing a trade, and good luck!
