1+1=2 SO ARE YOU BULLISH OR BEARISH ON THIS 1DAY CHART?!Be careful as tomorrow traditional are closing the week off and BTC like's to venture off and do its own thing. CME gap's are important and weekends price action is a good indicator on how the following Monday is going to open. A monthly close in 6 days, who's ready for July?
Please don't overtrade on weekends, low leverage and stick to your strategy.
If your position gets invalidated just take the loss, move on, and get ready for the next move.
Sometime's no trade is the best trade and on weekends sometimes that rule applies when fuckery starts....
Fomo
Bitcoin dominance & ALTSEASONI like it all the more that, despite the impulse movements of BTC, shitcoins do not experience such extreme drops, so it can be said that they are strong and relatively stable. I've always kept from thinking about ALTSEASON until after the breakdown of the primary support trend. Until yesterday, I was waiting for a more prominent daily candle, which will confirm the breakdown, and that's how it happened.
Looking at today's daily candle and yesterday's close, we can say that it really didn't hold the trend and the dominance should start its journey DOWN. 4H-12H MACD + Histogram bearish, Daily turns towards bearish cross. 3D and even Weekly indicate a potential bearish cross, which, if this week closes, confirms the idea of a medium-term shift of focus away from BTC. The RSI is in the neutral zone on all High TFs, so it has plenty of room to drop.
1D chart:
333K ATH BOOMERS & ROBINHOOD MOON BOIZ TAKE BTC to 0!!!!Bitcoin has been marinating in the SCAM ZONE 10500-9000 while volatility has dwindled to a stand still. As POWWOW Mr. FED's printers CURE COVID 19 this week look out for a nice break out, maybe all the way up to 9900 before battling out of the SCAM ZONE and drawing swords with 11k. At this point BITCOIN is primed for a massive divergence from traditional assists then explodes past the OG ATH 20k. At this point BOOMERS will FOMO their collapsing 4o1K's and send BITCOIN into HYPERSPACE an EASY 333k ATH. AT THIS POINT BITCOIN will have entered an entire new dimension where time is irreverent and all laws of physics cease to EXIST. The Volatility form this transformation will send BITCOIN back in time CRUMBLING TO 0$. At this point THE ROBINHOOD MOON BOIZ will BUY THE DIP and rocket BITCOIN 100,000,000,000,000,000 x . THIS IS WHAT THE MEDIA ISN'T TELLING YOU.
#netflix - buy the dip Netflix has broken out of huge ascending triangle, it is one of those few stocks for which current #Covid-19 situation is good for business, with people locked inside only thing they have to do is "Netflix & Chill"
green range should act as good support now so buy close to it
there are bearish bearish Divs printing on weekly & monthly but I feel this will go Parabolic like Microsoft!
Gold Testing Short-Term Support, Hedge Against FOMOWhile the rest of the market ran bullish at the end of the previous week, Gold dipped negative, crossing below the 30-day and 50-day moving averages. Prices are currently trading horizontally in the short term with $16 being a support level that has not been broken, despite several tests since mid April.
Low MACD amplitude swings also correlate to a near-term horizontal move as opposed to any breakthroughs, contrary to many other bullish equities. Further, the volume at the latter half of last week did not see a significantly large increase, also contrary to the FOMO activities of the rest of the market. These realities may correlate to investors of Gold being more interested in a longer term safe haven as opposed to short term swing trading.
Go long at the current support level either as a hedge against a potential market correction or purchase medium term call options as a bet on a steady average rise in Gold prices.
NASDAQ TECH FLEXNDAQ is having a bit of an electric surge and could push ATH (all time highs) amid the pandemic playing out. Tech for the win it seems during times of uncertainty to save the day.
Bears are getting a bit of a slaughtering here as many are turning to and being more reliant on technology than ever before.
A forethought is that smart money in other US markets will leave these stagnate companies to flow into high tech tech firms, due to FOMO thus NASDAQ will hit ALL TIME HIGHS.
Keep in mind that this also makes the economy look stronger yet soo many more are staggery than ever before since the start of 2020 due to the flow on effects of covid and the recession that no one is clearly speaking about that’s been teeter totting since mid last year. (You can’t polish a turd)
I have a rule, don't trade Mondays. But I see this....From my education in forex, I have learnt from multiple people that Monday can be a manipulated day in the industry caused by, big hedge funds and banks. I always allow to have Saturday off, come to the charts on Sunday, and begin a week ahead analysis and today would have been a 'perfect' day to trade in, but I stuck by my rules and I'm now having to overcome FOMO (fear of missing out). However, there will be better days and there will be more opportunities in the future.
I've only started trading from he start of the year, and I feel I've already learnt a hell of a lot. I just can't wait to see what the rest of 2020 has to bring.
Wait for a bullish accumulation and buy on the breakout on THETAHello Traders,
TETHA is on strong uptrend movement on the last couple of days and now felt some resistance, so we must wait for some bullish accumulation pattern or a stronger correction to enter in this asset, especially when BTC is PUMPING
Best regards, Sandro and Gustavo.
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#Apple - Possible Double topFIrst dig at Stocks, looking at possible double top, i still don't think we are out of the woods yet, worse is yet to come so it should affect amazon as well.
RIsking only 1% with this as i am still noob with stocks, next few weeks i will get to know how TA is affected by FA :)
SPX: Bearish Butterfly Pattern Completing 3KDetails in chart. Huge FOMO rush to pile back in left a monster gap to fill 90 pips below.
Another big gap at 2538.2 never filled. It will fill...
Time cycles projected above, top-to-top time is ~ biweekly, 3-4 up days, 2-3 down days, 3-4 up days, ~ nine sessions.
Trading >2SD above 20DMA, green line. This has been the magnet drawing price reversion to mean. Price will tag 20DMA!
NB: 20DMA rests exactly at the gap from 2864...!
Time cycle and price action suggests completion of the 'W' in Bearish Butterfly on or about 21 May, topping right at 3k.
Rollover to a higher low IMO, target 2538 in early June.
Time on target won't last long IMO, probably rest at higher low, double bottom for a few minutes and start another bullish move. Hope > Greed > Fear atm...!
This is just an idea, not trading advice; trade at your own risk, GLTA!
GrubHub ($GRUB): Uber Wants To Buy This, But Do We?✨ New charts every day ✨
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Grubhub’s stock spiked today by almost 40% due to Uber’s offer to buy Grubhub. That offer is bullish, but the reality is Uber and GrubHub haven’t agreed on a price yet. It is very likely the market won’t be deciding the price based on FOMO, and instead Uber and GrubHub will decide a price based on other metrics. Since it is doubful Uber will overpay, it is prudent to look at resistance levels assuming GrubHub beings trading again.
Resources: www.cnbc.com
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1. Fractal Trend is showing a downtrend (Maroon bar color) on the 4 hour chart.
2. With this strategy, we we want to enter short on bearish order blocks plotted by Orderblock Mapping (Maroon) and bearish S/R levels plotted by Directional Bias (Maroon).
3. Since the overall trend is down, the play here is to see how tomorrows open is and consider a short if price is rejected at R1 intraday.
With this chart we potentially won’t have much time to make any play before Uber and GrubHub come to a deal and shares stop trading. The goal here is to get a quick short in before the deal goes through. Otherwise, the point of this chart is to just point out potential resistance and support levels if trading keeps up. Whatever you do, you don’t want to be paying more for GRUB than Uber does.
BTCUSD Double Top Resistance|Structural Support| No Man’s Land Evening Trader’s
Today’s Technical Analysis – BTCUSD – entering a new range by breaching structural resistance, a trade will only be valid with a retest of structural support (long) and or break (short) with a bearish retest.
Points to consider,
- Strong bull trend
- Retest of High time frame structure
- RSI overbought
- Stochastics momentum up
- Strong bull nodes
BTCUSD’s trend is extremely bullish breaking multiple structural resistances with the next cluster of support being situated at around $9450 - $9650 (HTF Support).
A retest of the high time frame support is probable for a confirmation of an S/R flip
Break and failure of structural support will increase the likelihood of testing the next trade location at $8500 (local support), for a confirmation, a bearish retest will be probable.
The RSI is trading at overbought conditions, due to the bullish nature of the trend; the RSI can and has reached the 80 level as a pivot.
Stochastics is trading in the upper regions with no clear sell cross, momentum is stored for the bears if a trend reversal is confirmed.
The volume is quite solid, consecutive bull nodes above average; a climax that engulfs all previous nodes will mark the temporary top.
Overall, in my opinion, the higher time frames are extremely over extended; a correction will only be healthy. BTCUSD may trend to test the double top resistance before correcting and confirming the S/R flip.
A short position will only be valid if a breach of structural support occurs with a bearish retest as entry.
What are your thoughts?
Please leave a like and comment,
And remember,
“Don't ever make the mistake of believing that market success has to come to you fast. Trade small, stay in the game, persist, and eventually, you'll reach a satisfying level of proficiency.” ― Yvan Byeajee
Don't FOMO here on LTC (Some words of advice.)I'm going to give you a few words of wisdom, so pay attention. Don't FOMO Buy. We've been seeing massive moves over the last few days and it's impossible not to feel left out. But don't suddenly start trading positions that will give you +30% or +40% gains.
If you want to still be around in the long run, if you consider yourself a serious trader, keep scalping those simple and clean trades. I present a 8.5% long opportunity here on Litecoin. I'd say it is already on the high side.
We see a nice bounce here on the $51 level that we can connect with resistance we've seen in early March. The resistance we had from early April is now turning into support through the S/R flip.
We have all the ingredients for a nice long trade here. The markets are bullish, and this is a very healthy retracement. This could be a great moment to enter a position on LTC.
Stay safe everyone.
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Disclaimer!
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Still bull trap!The FOMO has been done, as expected.
It's still a rebounce of Oversold. Just a bigger bounce.
The bull won't coming like this.
5000 btc still has a chance. Even lower.
The underline has rebounced twice already, and I don't think the third time will hold.
The bull always come after depression.
Has anyone lost hope of bitcoin now?
No!
So stop dreaming, short the market.
PS, the pump power decreased obviously, anything could happen this year.
The unbelievable pump happened , the depression is not far away.
GOLD A multiyear move?So this is a rather simple look on why we might be in for a good bull-run, i'm open to critique as it's easy to bite into the FOMO
Wyckoff acumulation w. spring (Looks like it)
Strong multiyear trendline
Broke out of triangle
Broke out of channel
Weak usd
Overbought SPX500 (closing in on psychological 3000, which might cause selloff)
China-usd tradewar FUD
Commen what you think, your thoughts. What did i get wrong/right?