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Crab

Bank of America BAC Bearish CrabBank of America (BAC)... this company is found in Warren Buffet's Portfolio and once it becomes a bargin price it will be found in mine too. I follow the advice layed out by The Oracle of Omaha. The company financials are very weak from a value investors point of view. The total revenue has been flat line at best for the past decade and when your operating income eats up 74% of your total revenue thats a problem. I always try to remember the law of depreciating return which is "you get back less than you put in." Warren Buffet always says "its easier to take 100,000 to a million than to take a billion to 100 billion. I mean the company is absoultly massive with 2 Trillion dollars in assets?!?! So, I guess the Value invstor needs to look at other things when considering Bank of America. I dont forget that major banks created these mortgage bonds back in 2008 that imploded when the real estate market crashed, so i have to dig deeper into where the assets are coming from. However their EPS has been growing at a decent rate over the past decade so thats also a plus. Their total ratio (becasue they do not report current assets and curret liabilities) is a 1.14 which if using a a current ratio thats real good (not exceptional but better than just plain "good") They are currently undervalued by the Ben Graham Formula (revised) by 61%. Which is a real good thing as well. They pay an annual dividend of 1.75%, but i am not sure if theyre an S&P aristocrat or not. Overall, based on what i have read based on Marry Buffets books and listening to videos of Warren Buffet himself i would grade BAC ( Bank of America Corp.) a C+ company which I would hold only for a few years up to 5 years max. Dont get me wrong the company is NOT going anywhere, so if youre looking to hold just to hold to sound trendy and chic amongst your friends then sure, but it is not going to be your star player, but more like your practice squad ...just a great supplemental. the technical side is the Bearish Crab. the grey box is the PRZ with a 3.618 projection of the BC leg, a 1.618 of the XA leg and 2.0 fibo extension of the ABC legs. if youre looking for a decent bargain then wait for Price to reach the pink line which is .382 of the whole pattern and if youre looking for a great bragain then wait for the .618 of the entire pattern. Seeing how the market is flowing at the moment i would probably buy at the .382 of the retrace anything lower than that there might be mass hysteria of a market "crash" which is honestly a very much needed correction for the stock market. But a good deal is better than no deal. I dont publish often my investing ideas as my investing is vastly different than my speculation ideas. If you guys want to know more about my investing ideas please let me know in the comments. I know value investing is not as flashy as speculating, but the longevity of investors is far greater than that of any speculator; moreover, it is of dire importance to know the difference of speculation and investing.
NYSE:BACShort
by ARegularGuy
SPX Showing Indecision After An Attempted Rally Above ResistanceThis is a small update to my pervious monthly and daily chart where i pointed towards the possibility of a Rising Wedge and a Bearish Crab to take us to lower levels soon. As of today we have had a strained rally above the 1.618 and look to be heading for the supply line of our Rising Wedge. But it looks like with all the indecision we are showing only just slightly above resistance and the 1.618 Fibonacci Extension that we may not have enough steam left to rally to those levels. I expect that we will either remain sideways or go down from here and likely will not be making it above the red box before at least first making a decent retracement to lower levels.
OANDA:SPX500USDShort
by RizeSenpai
1
BTC/ USD BitcoinOkay the godfather of Cryptos Bitcoin. So, we (as a market) saw Yesterday Evening (here in the States) a crypto "Crash". I was getting notifications from many people in a mass hysteria last night. I told them to relax (or not their choice) and gave them this very explanation. "This is a much needed correction. This move down will free up some liquidity in everyone's "portfolio" great time to book some profits and the perfect ability for the investors sitting on the sidelines to get in. Think of the homage every investor has heard probably time and time again. the Buy low Sell high. well if bitcoin is a rocket blasting off to infinity and beyond with out showing signs of slowing down are you gonna hop out? (the correct answer is yes trade the strategy hit your profit levels and get out, but that is rarely the answer I get.) Well this correction is a collection of people that are thinking (okay this is enough) and they have closed off their positions. so fret not get your money ready and accounts ready for a re-entry. So here on the Hour we have a Crab Pattern. PA has come down to touch the 1.618 and shot right back up. The oscillators were trading in the extreme range for a bit there and now into the normal range. So, if you're a buy and hold type of investor then now is a good price to get in, expect some minor drawdown as i think the Oscillators will return to the extreme levels before the train leaves the station. if you're a day trader, wait for the Oscillators to re-enter the extreme levels and when they re-enter normal levels enter, or whatever your strategy calls for entry. For those not familiar with harmonics its a Fibonacci approach to finding Support and resistance levels. If you ever listen to Scott Carney (the creator) work the patterns its incredible. he is able to calculate the fibo price levels in his head its quite remarkable. I just use the fibo tool here on TV. The harmonic system probably receives the most back lash out of any other trading system I have come across. When its right its right, however, when its wrong fellow traders will let you know its wrong. Its no secret and has been written about several times across many different books that Scientific people like my self (an ABD-Psychology Ph.D), doctors, and engineers have the toughest road ahead of them when it comes to trading. that is because we have rules and things must abide by them. Well the Market is way different it is like the Tax Man on tax day leaving you a conversation like this on April 15th You: "How much do I owe?" Tax-Man: "enough" You: "how much is enough? don't you know?" Tax-Man: "i know exactly how much you owe" You: "well what happens if i don't pay enough since i don't know how much i have to pay" Tax-man: " you go to prison" in other words the market knows exactly where enough is enough leaving all of us guessing. For us scientific types I find the harmonic system to be the best that works for me because of the fibo rules. if price goes here and touches this level i look here and here for entry. Just keep in mind ALL trading systems work its the trader that fails due to their trading psychology. Because, in reality the market goes in one of two ways (excluding consolidation) it goes up, and it goes down. #riskfreeorbust
COINBASE:BTCUSDLong
by ARegularGuy
2
Bear Crab EthereumIt appears our assessment of the cypher pattern in Ethereum was a bit premature. What we thought was a bearish Gartley pattern evolved into a bearish crab pattern. We saw almost a full retracement of the CD segment which is perfectly reasonable for this pattern. The level $2143 has provided good support and we are likely to continue to see support here. It looks like we are catching a lift here at these levels. We've already broken through $2232 and are in the vacuum zone between that and $2400, the next level. The Kovach OBV has completely bottomed out suggesting we may get some buying here.
BITSTAMP:ETHUSDLong
by quantguy
1
VETUSDT HAS TAKE-OFF! TODAMOON?Trade with care and at your own risk. Abbreviations / Keywords: LTF - Lower Time Frame HTF - Higher Time Frame TF - Time Frame TRS - Trend Reversal Strategy CRT - Counter-Retail Technique / Break-out APF - Advance Pattern Formation W4C - Waiting for Confirmation SL - Stop loss TP - Target Profit POR - Point of Ruin Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose.
Long
by TheForexSamurai
2
GBP/CAD SHORT opportunity for opening a position you have to have enough reasons. and I have enough justification for my self to open 2 short with different lot sizes and my reasons are : resisted from resistance cloud gap macd cross in 1H TF momentum harmonic bearish CRAB baseline Ichimoku flat good space in RSI to fall it's better to trust your analysis, for me these are enough to open positions and take a good risk. I suggest you take a goof SL set for yourself cause there might be a pullback to test the resistance again. be happy
by ZorgOros
2