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NVDA - Playing (with?) the crowdBesides all the crazy news, I don't believe this company what they say. IMO they just play with the crowd and make nice gains from the News they spread via the media. That's just my opinion, and I'm maybe wrong. But what about the information we can gather from the chart? I have hidden the huge GAP so that we can focus on the last weeks and days. There is a big bounce from the top that to me looks like a Flag, steering in my face. Bulls would argue that is a huge Long signal, right? OK, so be it... But what do my eyes see that makes me wake up at night? Price broke out of this Flag/bounce and within one single bar it was able to reach the Center line. This is not the norm, it's not natural. Second, watch the volume in bar 1 and 2. Should volume not explode if such a breakout is real? Well, it was not real in my trading world. The Market Maker just opened price higher, that's it. No real buyers there, just another GAP to push the price of NVDA higher. Maybe someone will appreciate this and unload it's stock? Hmmm... And where did it stopped? Right at the CL. As I always say: You can fake it, but you can't hide. §8-) My current conclusion? 1. NVDAs price is way too high. The company is not worth the current price. 2. Volume does not confirm higher price. It was made artificially by open higher and push it upwards. 3. The Center line is reached. Price found it's current balance. So, should we short it? Absolutely NOT! Without any clear indications after earnings, I don't touch this bad Boy §8-) I just watch this movie and learn...
NASDAQ:NVDA
by Tr8dingN3rd
2
Bitcoin.. The New world Currency! LOOL !The inmature comments from everywhere 1-2 years ago that Bitcoin are the new real currency, - "hedge against inflation" , - "future currency" -"dont buy gold anymore, bitcoin are more safe!".. etc.. etc... I was laughing when I heard this everywhere, Have people forgot what happend a few years ago? Scandal after scandal in the crypty market and this is just the beginning.. You are all fooled by a hipe that makes the rich richer and it still continues and retail traders dont see it. YOU are FOOLED, an asset this big does not jump in value as much,, its an lottery and you are the looser. and all other shitcoins as Etherium, doge etc.. What should you use is for? Its an asset with faked value! Dont you see it?! Sell all before you loose it all (if not allready), Buy something with real vaule instead, Stocks, Gold, Oil, real currency that are traded with real things. I have never bought crypto and will never do.
OANDA:BTCUSDShort
by skrantz71
8
BTC Covid RallyLet's take a deep breath. This is not the move we expect. Youtubers are chaffing your brains just to catch you in fomo.... it's time to sell out due to the bigger players releasing bags onto the streets. It is only a matter of time when we will see consolidation of this movement. We are in a position to create one more breakout upwards to form a head with shoulders. But it will still be a bad signal for the coveted rally to 110k.... Big greed equals big falsehood. Be careful and draw your own conclusions from what I have plotted for you on the chart. Peace!
BNC:BLXShort
by cryptobetgang
2
Trading Chaos By Bill Williams | Part 3Hello, everyone! Last time we considered the candlestick patterns by Bill Williams(BW). Today we are going to expand the novice trader tools for better understanding the market situation. To define if the market price is going without obstacles BW use the Market Facilitation Index. It demonstrates how the tick volume can be the market driver. The calculation you can see on the pic. Just calculated MFI for one bar is not useful for the analysis. We should compare it with the meaning of the previous period. Using this comparison, we can divide 4 profitunity windows. 1. GREEN Current MFI is GREATER than previous one, current volume is GREATER than previous one too. This is the breakout signal. It means that more and more traders execute trades in the direction of a bar trend. Your best decision here is to follow this impulse. 2. FAKE Current MFI is GREATER than previous one, current volume is LESS than previous one too. The price go in the trend direction without the volume support. This is the sign of possible correction. Here is the time when it is too easy to manipulate the market(especially actual on the Bitcoin market!) 3. FADE Current MFI is LESS than previous one, current volume is LESS than previous one too. This is the most valuable indicator. Squat bar usually appears on the end of trend. Here the nice opportunity to enter the market at the beginning of the new trend. 4. SQUAT Current MFI is LESS than previous one, current volume is GEATER than previous one too. The market has low volume and volatility. This is the time when the interest is decreasing, we can usually see it of the end of Elliott Wave 1, when the lack of buyers who want to buy with the high price. Here you should be ready for the big move. Next time I will show some signals with the beginner’s level of Trading Chaos trading system. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Education
by Skyrexio
7
BTC TRUTH ! The Securities and Exchange Commission has extended the deadlines for four Bitcoin ETFs. The Commission cited the need for additional time to “take action on the proposed rule change.” Cryptocurrency proponents remain hopeful for the approval of a US Bitcoin ETF in the near future. Exercising its statutory powers, the SEC has extended the time frame for revealing its decision on four Bitcoin ETF proposals. The extension will give the Commission sufficient time to go over the finer details of their applications amid mounting optimism. SEC Flexes Its Statutory Powers The SEC has extended the time for reviewing applications of Bitcoin ETFs by 45 days. The affected proposed Bitcoin ETFs are Global X Bitcoin Trust, Valkyrie XBTO Bitcoin Futures Fund, Krypton Bitcoin ETF, and WisdomTree Bitcoin Trust with the last ETF to be approved on December 24th. This move is in line with the statutory powers bestowed on the SEC. According to section 19(b)(2) of the Securities and Exchange Act (1934), provides that “within 45 days of the publication of the notice of the filing of a proposed rule change, or within such longer period up to 90 days (i) as the Commission may designate if its finds such longer period to be appropriate and publishes its reasons for so finding…”. The reason put forward by the SEC for the extension of time is to obtain “a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and any comments. In the end, the Commission shall “either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change. Bitcoin ETF On The Horizon In recent months, the SEC has received a spike in Bitcoin ETF applications as the community believes the time is ripe. In September, Invesco teamed up with Galaxy Digital to submit a proposal with the number of applications soaring to unprecedented levels. Bloomberg’s Senior Commodity Strategist, Mike McGlone famously predicted that the community could see the launch of a Bitcoin ETF before the end of October. Gary Gensler, the Head of the SEC, is of the opinion that the type of Bitcoin ETF that could most likely obtain approval is the Bitcoin Futures ETF. The SEC currently has over 12 applications it has to review but remains concerned about the potential for market manipulations that they possess. An approval will open the floodgates for applications and could send BTC prices on a price rally.
CME:BTC1!
by globalsymmetrygroup
STOCKS with a fake-rally?Good evening guys! Damn.. what a sudden pump in the equitiy-market today ignoring all resistance-zones. "Wall Street's main indexes opened higher on Thursday after weekly jobless claims hit their lowest level since the start of a pandemic-led recession." To be honest: When I saw the jobless claims I was pretty confident for our trades as good economic data should increase the likelyness for a tighter monetary policy in the future and did not even consider to early exit. That is by the way what I`ve mentioned with "it is tricky" as we don`t know how the market is going to react. When I look at the entire market I expect this move to be a trap for "liquidity-monkeys" giving big players good prices to distribute more of their positions. NZD/USD () aswell as AUD/USD () are both looking bearish to me not really following the todays risk-on-mood. The volatility in the crypto-market is also showing less risk-appetite as Bitcoin moved up to 43.000 is currently below 40k, of course also caused by news from the USA (worries about the anonymity, money laundering etc.)... All very fishy to me... However, EUR/USD is closed with -25 pips (-1%) aswell as NAS100 -160 point (-1%), while AUD/JPY and NZD/JPY are both still active looking goos for now as major supply-zones are holding. For now I will observe how the market acts at the current highs and will check the volume before I execute any further trades. Fundamentally it`s clear to me: Inflation aswell as the provided liquidity pushed equities and caused the entire rally. More positive news from the USA should hurt the stockmarket and boost the demand for the US-Dollar as many shaky hands are sitting on their profits! Crazy market! ;-D
OANDA:SPX500USD
by Trading2ez
2
Still Can't Chart, but Rainbows Make XLM Look Great!Let's be honest: with such a good running fortnight, XLM was bound to see a pullback when the rest of the crypto market saw its Sunday night drop. A quick peek at its fundamental growth shows us things are right on track, assuming the bottom we found tonight stays consistent with the rest since it's started seeing higher growth patterns. Whatever the case, I'm in on XLM for the long haul. While there are no Triple Boobs or Flimsy Floppies to indicate another explosion in the super near future, the long position on XLM still looks great to me. Granted, we may see a bit more deviation below the Assumed Bottom area depending on the performance of BTC in the next few days.
COINBASE:XLMUSDLong
by badwithmoney
3
LINK Looks Optimistic to Guy Who Can't ChartToday we take a little look through the optimistic and pessimistic lenses of LINK growth (as charted by me, a guy who can't chart) The Patented Purple Profit Eater Bar (patent pending of course) suggests that growth could be slow enough to make even the oldest of Romero's undead groan with anxiety. However, once we factor in our Blue Raspberry JUICED Short Term Trend Bar (also pending patent) things look much less bleak and we can see room for great growth scenarios in both the near future and the long haul. I don't know about you, but I'm feeling like taking out a second mortgage for more LINK (especially since they never gave me the first one) Thoughts?
KRAKEN:LINKUSDLong
by badwithmoney
SBE this is gonna be interesting. RSI suggests that it SHOULD go down, BUT I do think this thing is gonna break up. it is because RSI is showing a divergence, a thing that seems to be faked in the last months. there is also the Head and Shoulder figure, which is usually a trend reversal pattern, BUT I think this thing can be pumped up. and I say so because most of the signal seems bearish, which is (for me) a "short" trap. if you want to win against shorter, you have to pump the stock, so the shorter will buy in as long. then you dump it. again, I JUST THINK this will go up, not sure 100%, but I would bet on it a bit. I am actually gonna try to buy this thing when it will crash to the lower support if it will, at the end of the H&S. ($40?)
S
by camelot0707
2