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Short Of The Week My weekly position! Going to short ( buy puts I should say ) Planet Fitness Technicals & Fundamentals support a decline in value of this stock short term and I am very excited to explain my findings, beliefs, & trading strategy. Technical Analysis: I. Candle stick analysis II. MACD shows growing bearish divergence/ weakening bullish divergence III. Elliot wave shows that the second wave has been completed & the third descending wave is about to form ( opposite could happen if stock rises which is unlikely ) IV. Guth 3x Confirm shows a sell band as well as price & volume trending downward with stronger selling to come based on the red line. V. Visible range shows high levels of trading as low as $73 a share which is close to where our lower low could be ( $70 ) Fundamental Analysis: With the Delta variant of Covid-19 this could increase fear and make investors weary of buying planet fitness, there is plenty of room to sell off based on the technicals and selling volume has the potential to increase significantly bringing us to the true trading range of $73. My Plan What I will personally do is buy my puts for PLNT to hit $72.50 expiring 9.20 & will attempt to profit off the dip in a day trade or week long hold depending on price movement and trends. Your thoughts matter! I love reading everyones comments on my publications and would love to see your thoughts on my analysis as well as your thoughts on the short term future of Planet Fitness. Hope to hear from you all and anyone attempting to make a trade based on this analysis take extreme caution as I have been making lots of inaccurate calls/puts lately. I do have a track record of being right and have almost 600 followers to back me up so I am not giving up and am looking forward to taking over this market again.
NYSE:PLNTShort
by Myantman101
1
Classic Wyckoff Accumulation playing out.Noticed a perfect example of a classic Wyckoff accumulation playing out on the 6H, and wanted to do an explanation of how instructional investors and whales define support and resistance zones and use them to shake out retail investors during accumulation. The Wyckoff method plays out in every market that has institutional investors. Once defined, understanding it is a powerful card to have in your hand when you're trading. You'll notice from the volume profile on the right that the price action stays within defined support/resistance levels. That's because the big buyers set the levels. This $31,500-$40,500 range is also the defining volume range in the distribution leading up to the ATH, making it a substantial level of support over the long term. Reading volume is important when doing Wyckoff analysis as it will definitively tell you whether a move is false or not. Note that the uptrend in Phase D & E are for illustration. We may still have some bear market to come, but we are at the strongest region of support since the start of the bull run, so we may be turning around. Understanding the psychology of greed and fear is important as well. Greed is the driving force of large investors to shake out smaller retail investors during uncertain market times. It works because retail investors tend to trade on emotion, becoming fearful when a large price drop takes place. Institutional investors can ignore emotion and and simply stick to their targets as they have a much larger financial cushion and the ability to act as market makers on a larger scale. Once you understand the psychology of fear and greed in markets and how volume can be used to confirm price action, you can stop being fearful, stick to a strategy, and begin trading with the market movers instead of against them—as more often than not this is a losing battle.
by HeyJonBray
Bitcoin - Mandy's CreationGood evening my friends, I named this Mandy's Creation because it was her who picked the color theme for this post! The chart explains most of it, but to sum it up, we still have heavy bearish signals and I do not expect the price to pump back up just yet. The same way it looked earlier today that it was gonna go up and we came to a lower low, we can look like hell tomorrow and go up, anything is possible. But to push back up to anywhere near $60k we must have some of these TF turning up again. Specially the 3D that just started and isnt even thinking about turning back up. Lets see what the new day brings with a new 4D & 8D as well. Trade thirsty, my friends!
BITSTAMP:BTCUSDShort
by mr_willmedina
Fear&Greed index is extremely low, Will 20 weekly EMA save us ?Fear and Greed Index is at extreme fear now at 20, and it will go lower most probably by the close of today. I am longing BTC heavily now with a stop low below 20 Weekly EMA at 45,000 if we close daily below it. 20 Weekly EMA has been supporting BTC for the previous bull market , and with this very low Fear and Greed index , it makes so much sense to buy now. ( Buy with others are fearful , Sell when others are greedy ). Let me know what you think , Will the 20 weekly EMA save us this time too , or this is the end of bull market ?
COINBASE:BTCUSDLong
by madyanmalfi
6
Nasdaq Falls on Mounting Inflation Fears The Nasdaq composite took a sharp dive yesterday as tech stocks continue to reel from growing inflation fears. The newly developing downtrend is likely to probe even lower in the near future as the global recovery heats up. This downtrend is emerging from the Double Top pattern just above the psychologically significant resistance level at 14000.00. Moreover, the breakdown occurred from an Ascending Wedge pattern, making it an even more prominent bearish movement. The price action went on to break down below the resistance-turned-support level at 13550.00, which represents yet another major bearish indication. Notice that the initial breakdown (below the Wedge) was held back by the 100-day MA (in blue). Afterwards, the price action established a throwback to the lower end of the Wedge from below. Once the downturn was renewed, the price action penetrated below 13550.00 and is currently testing the 200-day MA (in orange). This floating support represents the last potential turning point for the downtrend, making it a last resort for the bulls. Unless a major rebound takes place immediately, the price of the Nasdaq may fall as low as the next major support at 12800.00, or even the 23.6 per cent Fibonacci retracement level at 12284.99, before the IXIC finds the necessary support. At present, there doesn't seem to be any potential catalyst in sight that could prompt such a rebound.
NASDAQ:IXICShort
by Trendsharks
Most common mistakes in tradingHello my friends today i want to talk with you about most common mistakes in trading from my experience (any market but specially in crypto) And after reading this i hope you will avoid them 1- Not Patient Enough : I think this is one of top major reasons for failure in cryptomarket Most newbies in this Field are thinking they will be rich in few days thats completely wrong ...Any old trader here will tell you how the patience will paid off 2- More Than You Can Afford To Lose : only risk what you can afford to lose ... more than that will lead to alot of mistakes and you may close your position after any small drop before reaching stoploss point and thats wrong my friends 3- Not Using Stoploss : Stoploss is important but i recommend manual stoploss by candles closing not automatic one to avoid manipulation in market.. if you dont know difference between manual and automatic read my previous idea about it 4- Over Trading : Alot of trades every day wont make more money ...instead, it will make you more stressful and staring at charts all day resulting in more mistakes 👉Fewer in numbers and higher in quality trades per week or even month are enough sometimes best thing you can do is not trading at all when market is uncertain 5- Emotional Trading : Both fear and greed play big role in the market movement When you see most of people are greedy you should start taking profits partially ..and also try to avoid selling during panic sells 6- Revenge Trading : Like using all wallet to buy one coin (all in) or doing high leverage postion to recover losses fast usually end in liqudation or big lose and leaving market completely This market need you to be flexible 7- Ignoring Your First Plan alot of very good plans and managements from start but you continusoly change it by listening to other random people opinions trust in your self and trust in chart no problem from taking advices from more experience people but you should trust in yourself first by have your own view and own plan How many mistakes you find yourself doing it ...choose the number from above and tell us in comments
Education
by Babenski
43
FEAR or GREEDFear and greed are 2 of the most common emotions that traders experience. Manage your fear because acting out of anger or fear will destroy your chance of success. Control your greed because the market will always be there and offer more opportunities in the days and weeks ahead. Eliminate these 2 emotions while trading. Frequently Asked Questions Why are fear and greed so important to market psychology? Many investors are emotional and reactionary, and fear and greed are heavy hitters in that arena. According to some researchers, greed and fear have the power to affect our brains in a way that coerces us to put aside common sense and self-control and thus provoke change. When it comes to humans and money, fear and greed can be powerful motives. How do fear and greed affect markets? When people are overtaken by the power of greed or fear that becomes rampant in a market, overreactions can take place that distorts prices. On the side of greed, asset bubbles can inflate well beyond fundamentals. On the fear size, sell-offs can become protracted and depress prices well below where they should be. How can traders take advantage of fear and greed in the market? Fear and greed create overreactions, which means that savvy traders can buy oversold assets and sell overbought ones. Adopting a contrarian strategy can be a good idea, whereby you buy when others are panicking - picking up assets while they are "on sale", and selling when euphoria leads to bubbles. At the end of the day, however, it is human nature to be part of a crowd and so it can be difficult to resist the urge to deviate from your plan. How can one measure the level of fear or greed in the stock market? There are several market sentiment indicators one can look at, but two specifically interrogate the emotions of fear or greed. The CBOE's VIX index, for instance, measures the implicit level of fear or greed in the market by looking at changes in volatility in the S&P 500. The CNNMoney Fear & Greed Index is another good tool that measures daily, weekly, monthly, and yearly changes in fear and greed. It is used as a contrarian indicator that examines seven different factors to establish how much fear and greed there is in the market, scoring investor sentiment on a scale of 0 to 100. All the information was taken from Investopedia open source. _____________________________________________________ If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
by Berzerk_invest
BTC big shortFinally something big is coming up and it is a short opportunity for BTC. As you can see there is huge bearish divergence on RSI, bearish divergence on MACD, all on daily chart, what did not happened for very long time. Everybody is bullish on social media, red laser eyes and another shits but BTC need correction and it is irreversible and necessary. My targets and potential levels are two. First around 40k (Im sure that will happen) and second what im not sure if happen is 20K. On weekly chart is also huge bearish divergence on RSI, what can also tell you that everybody should be aware of dump. It is really good for BTC that institutions are buying and everybody want bitcoin, but what will happen if they start to be in loss after btc bitcoin dump ? If they sell, we are gonna have a big problem. So there is also question, what reaction of big institutions will be after big starts dump, if they will have balls to hold it or they start to sell and big fear will spread into the market. If anybody finds my thought helpfull, please iam welcomed for btc gifts :D my btc wallet: bc1qq5tplyvek08rzpldz8dnnx2zqmhlx4swxevft4
BITSTAMP:BTCUSDShort
by Lubox
6
Say it with me....au·dac·i·tyNo charting today just some good Sentiment for you to consider...Stay Calm, Stay Humble, Stay Focused. Good Sunday to all the followers and supporters of TheShark. Its appreciated and I continue to try to add value to assist you along your journey of these amazing market cycles. I have received close to 20 emails in the past couple hours. I respect the worry and fear that many of you are feeling right now. Truth be told its a legit worry and the risks are huge in crypto. Lets get something straight if you have the audacity to make and expect the kinds of returns that crypto has gifted many of us with you must understand the risks associated. I wish assets like ETH and Bitcoin could just climb forever and never look back but that is just simply not how free markets work. If you want the chance at generational wealth you gotta have the guts to buy this stuff when no one else will. Buying the crypto covid crash was one of the scariest moments of my entire life. However this was the best decision I ever made except marrying my wife who gifted me with a house full of little girls ;). Do you find it odd that so many of the traders and youtubers are all so negative right now about crypto? I haven't seen it this negative since Covid. This should be your very first clue that we are ready to rally again. So many say they will buy the dip but lack the fortitude strength to push the button. Did you see ETH bounce off the ETH/BTC .030 mark like I mapped out last week? For the most part Shark Supports on both Bitcoin and ETH held up just as suspected. You can never be perfect in trading but the quest is to get close. I strongly suspect that this last swell downward will be our last downward move before this market just takes off again. So if you're still here with me compliment yourself for hanging tuff I know how stressful this can be and emotionally how taxing this stuff can be on life, family and your happiness. Remember that anything worthwhile comes with risk and comes at a price. Sacrifice brings opportunities to the few willing to take the risk. For the faint of heart you would do well to not check your account balances today. Shark is going to hop on the phone and get the whales on board. Don't think I won't! Is 40k on Bitcoin still in the realm? Yes is possible. Is ETH 1100-1200 still on the table, it sure is. Will you ever bottom these Assets perfectly? NO. But Shark is going to get on the phone and I'm telling you I bet we don't see these levels today and that next week we seatbelt up and start the next summit higher. This big move could even start late afternoon or evening today. I have some good charting indicators that support this too. I feel like trading view does a great job showcasing every traders ideas thru charts but this game is not all a science. There is an art side and an emotion side that doesn't get told enough on here. Charts don't give you the guts to step in or the strength to hang on. Ask yourself can I hold my position until the end of May or First part of June? If your answer is yes I really think you will like the outcomes of where this market is headed. If I helped you in anyway today or the countless charts I posted last week hit the like follow the Shark and join the Shiver. I don't regret any moment of my 40 years of life yet because I always went the opposite of everyone else. You have a chance at something amazing right here. These entries on BTC and ETH (Not ALTS) are some of the best I have seen in crypto. There will be a time to close shop take the earnings and leave this space but that time is not yet. Shark will show you the way. BRONSON-TheSHARK
COINBASE:BTCUSD
by Bronson-TheShark
5
😱Types of Fears in Trading😱Hello! There are several types of fears at the market! There are several main types of fear: 💡- fear of losing all capital in the account. One of the most common fears. The trader clearly understands that the numbers in the terminal are his money, and their reduction limits his financial capabilities in the future. Under fear of losing an even larger sum, a market participant does even more stupid things or even refuses to trade; 💡- fear of losing money in a losing position. Similar concerns arise during the transaction period under the influence of strong market volatility . This kind of fear is easily correctable; 💡- fear in time not to see a signal to enter or exit the market. More often it's faced by newcomers, who will not imagine what risks are in the trader’s deals and how to protect themselves from them; 💡- general fear of working on the market. It can act as a negative background and prevent you from making the right decision. Often, such fears are eliminated by gaining certain knowledge and experience on the exchange; 💡- fear of receiving another disadvantageous deal. Such fear leads to the appearance of excess fuss. As a result, the trader misses a really good deal; 💡- fear of early fixation of income (fear of loss profit). The position could still be kept open, but the trader reduces his risks, closes the deal and receives less profit. For many market participants, the fear of making such a “mistake” is even stronger than the fear of losing trades. Guys, it's ok to feel all types of fears ! Especially for those , who new at the market ! Everyone went through that. Someone overcame own fears, someone is trying to overcome, but someone hasn't gotten along with emotions and left the market! Remember, if you have a goal - go forward!💪🏻 Look only ahead and listen only yourself !🙏🏻 If you wanna become successful - you'll surely become that!!!🚀🚀🚀 Let's become better together ♥️ Stay tuned by Rocket Bomb 🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
24
Back to the moon with UVXY! 🌑 Volatility burts in 3...2...1 🔥Hi mates! Another big move on AMEX:UVXY is coming! Last week there was huge buying in orderflow on AMEX:UVXY . Now 10 - 9.95 its very strong supply zone. We could observe TVC:VIX is rising in tandem with CME_MINI:ES1! AMEX:SPY its not good sign for equities for coming week. My target for this week on AMEX:UVXY is 12.46. Risk / Reward is very favorable on this trade. If you like the idea, do not forget to support with a 👍 like and follow. Leave a comment that is helpful or encouraging. Let's master the markets together.
CBOE:UVXYLong
by Tomasgei
4