BTC NEXT TARGET AND BEAR MARKET UPDATE 24/03/2022First post update: $ 33,000 threshold $ 35,000 is the largest support ever created. If I'm wrong, don't judge me, I just want to have a big party on a yacht listening to Danza Kuduro :)
CALL
Analysis on USDJPYHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price is at its STRONGE TRENDLINE RESISTANCE. I am expecting a reversal.
Let us know your views on this in the comment section. Thank you all.
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Eve & Adam Double Bottom confirmation on Costco ($COST)Earlier this month, Costco made confirmation of an Eve & Adam Double Bottom chart pattern as it began seeing daily closes above the mid range between lows. This pattern indicates a fairly high probability (about 88%) of a bullish reversal relative to the sell off which from the recent all-time high (571.49) achieved on December 29th, 2021.
Today, the price is within 10 points of the all-time high. I'll be looking over the coming weeks to see what happens next, and for possible positions. From here, I see one of two likely outcomes over the near term:
A) COST breaks out above the previous high and likely has a forcible move to the upside, or...
B) COST gets rejected from the current levels in the near term and has a pullback to somewhere around $520
In the case of A , I'll be looking to short either with a PUT spread, or potentially straight up long PUTs - which have a greater risk/reward but are enticing considering the macro picture of the broader market/economy as a whole. In the case of B , I'd shop for a long position with some kind of CALL spread.
The statistics indicate that track B has about a 2/3 chance of playing out. This could be even more advantageous because it could potentially offer both decent long and short opportunities over the next few months. We'll have to see where the chips fall.
AI's Falling Wedge Pattern. Russian-Ukrainian War update.AI's Falling Wedge Pattern. Russian-Ukrainian War update.
BTC consolidates in Falling Wedge.
If it breaks out (again), the price can hit Target 1, 2.
Bullish RSI divergences support AI's vision.
The structure is the same as our previous idea.
Only the price fled returned into the safety of the wedge as Russia invaded Ukraine.
AI's Falling Wedge Pattern. Breakout: Check. Retest, Pump Ahead.AI's Falling Wedge Pattern. Breakout: Check. Retest, Pump Ahead.
BTC retests a Falling Wedge pattern.
On successful retest, AI expects Target 1, Target 2.
Bullish RSI divergences support AI's vision.
Happy trading!
AI's Falling Wedge Pattern. Consolidation Phase.AI's Falling Wedge Pattern. Consolidation Phase.
BNB consolidates in a Falling Wedge.
If it breaks up, price can visit Target 1, 2, 3.
RSI Bullish Divergences support AI's vision.
ZQQ CALL $110 strike price easy gains expires Sept 16ZQQ call options expire sept 16 at a strike price of $110
Chevron CVX BullishI bought Call Options in Chevron (CVX). Yellow line marks stock price at time of position entry. No estimated Resistance price or area target.
I am not certified or licensed by any individual, institution, or corporation to give financial or investment advice.
AAPL Weekly Option Swing Trade - 2/18/2022 CallsMajor resistance hit coming; calls are the play. Low RSI, possible bounce off 200 MA, bollinger bands reversal? Let me know your thoughts!
FYI: I'm new to charting/technical analysis, so any constructive criticism would be appreciated :)
PYPL Oversold!Fairly bold post considering today was PYPL's worst ever trading day but... I see a reversal in PYPL's downtrend incoming. The RSI is indicating that shares are far oversold on the weekly chart. As shown above it is approaching pretty solid support which could serve as an entry.
Just speculation...
TAP Measured Move to $55 Reading chart from left to right:
TAP went through a bear phase from June to September of 2021 and an accumulation phase from September to December 2021.
We saw the first impulse out of the accumulation phase with it's punch to $52 and it did a classic 50% retracement to $48. We're seeing upward momentum in February which is signaling that there's potential for another measured move to $55. There's potential to go higher with a strong earnings report on Feb 24th.
I'm playing this trend move with an at the money call expiring March 18th. What's really nice is that the ATM Call option is relatively inexpensive ($1.40) and a move to $55 should yield ~80% returns.
QQQ Put Credit Spread - 10% RoM As the title says, simple put credit spread, was enterred at noon today when we were green. THe position is currently being tested to the downside. I debated turning this into an IC as well just like the other trades from today, but I feel that QQQ would be the one to turn around the quickest and I do not want to end up in a scenario where my call side gets blown out.
500 BP used - 0.58 credit recieved.
Nifty Options Important Levels Call And PutImportant level for 20/01/2022
buy CE Above the Buy line
Buy PE below the sell line
May open lower today
You are all looking at the chart wrong.A description is worthless at this point. We all know why we’re here. Buy, hold, DRS.
You can all believe what you want, but in the end, everyone who truly believes in the stock is already DRSed and holding. We are just waiting for the fun to begin :)
Thanks for the discount hedge funds. Time to load more.
GameStop could visit 50. It probably will. But that is when I will load the absolute most I can into this stock. The ultimate discount. We know where this stocks price will be in a year.
Thanks for making me a billionaire off of chump change and Diamond hands Mr. Griffin. Btw you lied under oath. Enjoy H-E-double hockey sticks
TLT Call Credit Spread 149/152 call credit spread - Filled for 0.36 - >10% Return on Margin
I believe that the 20 years will continue downwards with rate hikes. As such I have setup this call spread to take advantage of the downward move. This position was opened on Jan 11th but I just got around to posting. See blue vert line for entry date Candle.
Additional premium was collected due to selling on a up day, entry now can be had for a similar credit if not more.
BTCUSD Looking Like It's Ready To Break TrendlinesBITSTAMP:BTCUSD
Bitcoin is about to make a HUGE push within the next few days. Right now it's sitting in a pretty quite neutral area where it has to test the respected support line where it formed a double bottom at. If BTCUSD breaks the resistence line here it would go up and make new highs thus pushing the price upwards and build momentum for the upcoming week. By getting in at the BUY STOP level where I mentioned you would be in a near perfect entry and won't have to worry about your trade unless it fakesouts and heads downwards towards the support line.
In case Bitcoin isn't ready to head upwards then we have to be aware of when it would be a good place to enter in a short sell and ride the wave down. By knowing the rules of Price Action then we know if the low or support line is broken and closes below the previous low then that's a indaction that the market is weaking and we might be heading downwards. Now we would have to see more confirmations for us to enter on the SELL STOP entry like it breaking the low and when the upwards push happens and it doesn't reach the previous high.
Like I said I'm neutral right now but will keep you guys posted!
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CIB long BREAKOUT?Break out of triangle channel for CIB coming? entry point set, large profits to be taken!
Not financial advice, just speculation.
M&M Breakout -10 Days View Mid January 2022 Analysis
Buy Above 885
Add Quantity at 850
Strict Stop loss 823
Target 950- 980
SPY-day trade for 1/12/2002I have mentioned SPY trades. I don't analyze future ,I play accordingly. I can play both sides but just letting you know I see a lot of resistances on the the up side. If you are in a call exit where I have mentioned and If your a Bear tomorrow exit at PT 1. I am still bearish as a lot of resistances on upside and a lot of reward for bears. Do your DD.
"A quality of a day trader is to trade on both sides".
AMD levels to watch going in to 1/10/22NASDAQ:AMD
$AMD - watching for a break over 136.34 or break under 130.77.
Trading under its 50 MA, and its 12/26 EMA
12 EMA just crossed under 26 EMA
Well above its 200 MA (macro uptrend)
1/7/22: BTO/STO option trades on premiums >100k = bullish. Volume on the 130p and 140c.
Lots of OI on the 150c\1 35p - watch for changes in these
Local support at 132.01 - created on Nov 4, tested on Dec 14, confirmed on Jan 7
AMD closed on 1/7 at 132.00
If AMD breaks below 130.77 = consider bearish trades
If AMD breaks above 136.34 = consider bullish trades
XPEVXPEV in uptrend forming higher high and higher lows.
Took hit today due to overall market pull back.
Believe good opp. for entry/calls or writing Puts....
Disclaimer - Please do your own DD before opening any positions. I have calls on this play and looking for ~50-60% quick return.
Whispers from Options - BTCWe observe weakness/Bears dominating BTC market recently. Options Sentiment Indicator is giving mixed signals (overall we see bullish sentiment from Options traders but more volume is within PUT options still).
4 Virgin VPOCs are awaiting retest and are located above current price in comparison to 1 VPOC below current price - Bullish pressure
area of 46000 is major/key level, worth observing
from Options OrderBook of contracts expiring in 26 days (28th January 2022) - there are no strong resistance levels (!!) - Bullish pressure. However major support levels (a lot of CALL orders awaiting) are relatively low - 35,36 k
on H4 we see multiple Demand Signals coming from VSA Scanner software near 46 000 level
