BTC LOOKING BULLISH JUST AN IDEA BUT HEAR ME OUT...Hello I see that the MACD may say a downside is coming, however it also looks to be winding up for break out. It makes me wonder if this is the start to the bull run due to the altcoins pumping while BTC ranges which is what it does before a HUGE TARE!!! Also it would make sense because the price has been suppressed for SOOOOO LONNNNGGGG. The only part I see as a potential killer to the whole bull run is if USD TETHER FAILS. If the law's jaws <---- teehee clamp shut on them we could be setting up for a drop like BTC and ALTCOINS has ever seen.
With all that said and out there...
Trade carefully and responsibly,
Aru
Of
Patriot Crypto
Have a great DAY/NIGHT!!!
DROP
Why Is It Actually BETTER If You Missed The Drop -06/24/20 RECAPHi traders,
SPY was dropping nicely thorough the day and although I took 2 nice shorts, I could've made much much more.
BUT I think we shouldn't really be upset. Why? Because moves like these happen maybe once or twice a month on average. That means if you adjust your management style to these types of days, you'll be getting stopped out more often during more "normal" days in the market. It's just not worth it.
If you are very advanced and can tell right from the open whether today's going to be a huge up or down day for the SPY, big thumbs up, and make sure to send me a message how you do it, I will pay you handsomely! :D
Anyways, make sure to watch the video for more details and I'll talk to you soon!
Trades:
1) CCL - SHORT @16.79, +1.55%
2) DAL - SHORT @27.99, +1%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: +2.55%
Total PnL for the week: +4.42%
Good trades,
Tom | FINEIGHT
USDRUB Retest complete, Bearish week aheadWhile this pair has been in consolidation while making its retest, on Friday it further dropped confirming the rest. We are likely to see it plummet further this coming week.
Thanks for viewing.
Comment with your thoughts I'd like to hear them.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BTCUSD, Repeat Pattern of Exactly 3 Months Ago?While looking back on the Daily, you can see that almost Exactly 3 Months ago this weekend, BTC was in the same exact position within it's approximately 2.5 month long uptrend channel (as we have now too) while the 50MA is in process of beginning to crossover above the 200MA.
Plus, if you compare that February top of $10,522 with the recent high at $10079, BTC is at very similar price level relationship comparisons as it shows that the prices just before the down moves were approx. $500 lower than the previous top before the drops & massive, fast downtrend. We also see very similar patterns developing on the RSI and Stochastic Indicators.
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HP
OIL major level supportOil major level support getting close. We can see price basically doing copy paste cycles. Blue boxes are equal as are the purple boxes. Hopefully price will be stopped at fib extension 127,2% on a perfect psychological price at 11$ and we'll see some upwards movement coming in.
Spy - Going for wave 5Hello everyone, as we can see we have huge unemployment numbers in America, because of the virus, so we will most likely see that number increase. This means that we will most likely see another wave down. We have made perfect 4 waves, so now we have the perfect set-up for wave 5 down. We have also just bounced from the bottom of the channel that we have formed, so all those 3 signs lead me to believe we will drop to around 200.
SPX - Huge unemployment = huge dropHello everyone, as we can see we have huge unemployment numbers in America, because of the virus, so we will most likely see that number increase. This means that we will most likely see another wave down. We have made perfect 4 waves, so now we have the perfect set-up for wave 5 down. We have also just bounced from the bottom of the channel that we have formed, so all those 3 signs lead me to believe we will drop to around 2000.