First
bitstamp first with hash ribbons indicator?as with the BLX chart on the 1d TimeFrame, the recent drop from 9k to 3.7k is the first time that price action has gone below a major low confirmed by the blue circles in the hash ribbon indicator.
the blue circle that flashed in jan. 2020 confirmed the major low of 6.3k in dec 2019. that price was around USD 6.3k.
now that the price action has fallen to 3.7k a couple weeks ago, is it in fact the first time this has happened? from what i can tell, it is. but smarter / better / more experienced traders than me have told me i'm mistaken.
i'd love to know what i'm not seeing. if you spot something i missed, would you please comment below? Thanks!
GLOW Hammer Forming Looks like GLOW may be signaling a bottom. With a green hammer forming on the daily chart this could be a change in the trend. GLOW has been flirting with sub $.19 but held up well. GLOW has a p/e of nearly 1.28 and total assets of 15.42 mil. Could be a short squeeze coming.
SHORT ON FIRST SOLAR!Short going once, going twice and let's sell...
Here we have it, as you can see my previous call on this didn't go in my favour at all in fact it went to the upside taking out current highs. This time it's sell time. I believe that we may be in for a real treat and prices may decline at 72.00 or go to the upside and reverse near the 76.00 Region taking out lows of 65.00/50.00
Let's Wait And See!
TP: 65.00/50.00
BTCUSD: Bitcoin The First Real Bullish Sign for DaysToday's price action has effectively created another double bottom over a 40 hour period - showing that loss of downward momentum bulls and HODLers have been hoping for. It's the first bullish signal we've seen for days. So we can look to add or follow the next break higher when it comes.
Right now Bitcoin is making a small continuation pattern but so far holding up off the nearest support line at 9150. It can be bought or added to once the upper small parallel is broken on upside with stops under the same line.
In very near term it can spend some more time consolidating and if 9150 gives way should come back to 9012-9000 - so stops on any longs can be raised to just under 9150 looking to buy back at 9012 if struck.
First Trade Idea...FUN 300% Profit PotentialWarning! First trade idea published...ever...by a rookie....albeit a confident rookie (aren't we all?). I'll admit I got sucked into the CryptoCraze in December and made many foolish mistakes during the huge bull market. We all know things have come crashing back to reality but I have a new found respect for the market and have found an incredible interest in learning the art of TA. This strategy was borrowed from the Trade Empowered folks trade plan. Incredible teachers of TA with hours upon hours of free content. If you're new to the game and don't know where to start I highly recommend checking them out.
Look forward to tracking my ideas on here. More of a personal blog at the moment. Please don't be silly and follow them until I know what I'm doing.
To the experts on here that may stumble across this post...THANK YOU! I have spent a great deal of time analyzing your ideas and trying to figure out how your minds work. Any feedback you have for me is welcomed. Even a "Hey, this idea isn't total crap!" would make my day! But seriously...thank you for what you do.
To the other newbie traders...WARNING! You will not earn 300% on this trade overnight. I scoured the web for days trying to get rich over night. It just doesn't work like that. I am still a newbie but have dedicated myself to learning this skill the right way.
This is a risky trade. Stop will be about 50% of my investment but one I'm willing to take the way the charts are setting up. Could take a bit of time to develop as we're on the daily here but the retracements fit nicely. If you have questions...comment...and I will do my best to explain the ins and outs of this trade as others have done for me.
Note: If price point drops below our buy in range targets must drop accordingly. If T1 hits move stops up to original buy in and enjoy risk free trading from there on out.
Stop: .00000145
Buy In: .00000332 - .00000360
Target 1: .00000730
Target 2: .00000980
I repeat...FIRST...PUBLISHED...IDEA...EVER. EVERRRRRRRR. Like, comment, dismiss all together...you decide. I'd love to hear some thoughts/opinions. Just don't be a jerk about it. Mkay? Thanks.
Happy Trading :)
Netfix: NFLX Testing target range - close out the first shortNETFLIX NFLX
Testing the target range at 248-245 so closing this short out
for 13 points or so profit. Only looking for next short here is
the gap starts to give way and it breaks below 243 looking for
a move back down to 227 at least and if this level fails to hold
up back to 203 where will look to reverse long again if struck.
FirstBloodGood potential for growth. Above MA 30,50. Volume 24H - 770 btc
Stop loss : 8200 sat
Take porofit: 30000 , 49000, 64000 satoshi
BTGUSD Coming into the first support/buy zoneBTGUSD
Worth waiting for: now coming into the first suport zone at 274-261. Put anorder in at 263 with stop about 10 points
lower. Or at 270 but think it should spike down to 261 - that entire 13 point zone is full of whipsaw and pin bars, even to
10 points lower, so the stop needs to be at least 249.It should get a bounce to 319-330 area.
And plan B in febrile markets: If 261 gives way this is coming all the way back to the twin dynamics shown on the chart at
least and potentially to 157-150 major support. If this happens it becomes a short again with stops above 274.
Then will have to see how it behaves at the parallels, may bounce and then fail. Excellent, it means a retest of the lows,
easier to hit it at 157-150, if we happen to see it. Remember anything can can happen. It's way wilder than the wildest the
West ever was. We just hit buttons instead of triggers. And way faster too! Say that one quickly.