Potential Breakout in FANG Towards 8800Trend Analysis
The main view of this trade idea is on the 4-Hour Chart. The index FANG (FNG1!) has been in a rangebound price movement after hitting resistance around the 7400 price level in mid February 2021. FANG held support at 6050 and made a second attempt to break above 7400 in mid July. After that failure the index quickly found some support around 6800 and is heading towards that 7400 resistance level. Expectations are for a break higher in FANG, with that target being 8800.
Technical Indicators
FANG is currently above its short (25-MA), medium (75-MA) and long (200-MA) fractal moving averages. The RSI is above 50 with the KST in a positive zone. Also over multiple other timeframes, the technical indicators are signaling a buy.
Recommendation
The recommendation will be to go long at market. Stop loss will be set around the 6000 price level and a target of 8800. This produces a risk-reward ratio of 1.36.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in FNG1!.
Google (Alphabet)
The S&P 500 $SPX signaling strong divergenceThis probable next correction is very odd. As the index price action is showing strong negative divergence with de ADL and the MACD (one confirming the other), there is no euforia. Is like everyone is expecting this to happen. It may be just lack of interest of the market or that is summer time.
The Fear & Greed Index is in extreme fear, that almost never happens on tops. Still I can't ignore the technicals that are at least signaling that the SP:SPX is losing strength. So this is time to manage risk. I'm tightening my stops and suggesting to sell at least part of the positions we have at some of the winners like NYSE:PFE and NASDAQ:GOOG .
We opened a short position on the index but I'm still holding some stocks. Also, if the correction actually happens would be a very good opportunity to find strong stocks for the next leg up. I will be looking for strong relative strength and 52 week highs.
money.cnn.com
BTC Teethers to the real market....is there a correlation? In this first of many videos I have gone through a list of 100+ stocks and marked the placement of the teethers and the actual price point at the time I marked them. I will filter down this list to any stock I see a underlying correlation to the price action of the stock. I have used this technique to predict the bottom of bitcoin when it hit $30k and bounced. So basically finding the bottom twice with extreme accuracy. I actually believe I have some Ideas posted showing this bounce. and also some ideas showing where it would go afterwards. Being that bitcoin is above $42k I believe my 6 predictions leading up to it plus the two bounces at the bottom were all correct.
So I had a wild Idea....what if there is some correlation to the real market. A lot of companies are invested in bitcoin these days and a lot of institutional buying is also invested in bitcoin. If algos are trading bitcoin then it would be my belief that there is a correlation to the market and crypto through the algos that are being used. If a major institution is trading btc using its algo, and it is also trading the regular market, it would probably show in the price action in the same way. In just this first video, I think I prove that.
You are welcome to try and recreate what I have done here but I have acquired savant syndrome, I doubt you will see it the same way I do. There really is nothing to what I am doing that is special. I am just analyzing what I see, comparing that to the curve, wyckoff methodology, Candle stick technical analysis, Node analysis, and pattern recognition.
It takes me about 30 mins just to upload a video to Tradingview. So this will be 1 of probably 15 videos over a months time most likely an on going thing after the initial set that covers the first look. I will have to continuously adjust the list of the stocks that are showing some type of correlation to the BTC Teethers. Then Come up with an Ideology of how to interpret which lines are interacting with Price Action on each stock. If there is a Strong Correlation or a slight. Then come up with a test to really see if this stands up as a solid indicator. If anyone would like to help fund this, it would be much appreciated as it would take up 8-12 hours a day for months if not years. Finding early results would be easy but really finding out how this plays our will take months, each stock. Contact me here if you are interested in helping and I will post you in the credits plus give you first hand review of all the findings as I go through them. Thanks for watching.
by iCantw84it
08.17.2021
Best performer among Trillion dollars companiesIn the past trading year, google gained +80% and +56% in 2021 made Google the 3rd biggest company after Apple and Microsoft..!
But now, alarming sign in the chart!
Penetrating the bullish trend line..!
Closing below 2700 in the daily chart makes more corrections inevitable!
Last time this happened, SOL moved higher by 116% in 16 days!The last time this happened in SOL - it moved higher by 116% in 16 days!
This matches with my fundamental value analysis and relative value analysis that SOL is at least mispriced by half and should be double the value it is today considering the 300+ dApps it has already rolled out and the WORLD CLASS dev team they boast - probably a top 3 dev team I've seen of all projects I've studied.... maybe even the best.
Anyways, the crypto market sentiment is nearly the same today as it was the last time the CC SMA 50 turned green in SOL and SOL moved 116% higher in 16 days.
There was a lot of doubt in the markets back in December 2020 and early January 2021 about whether Bitcoin would sustain a run above $20k. I think something similar will happen here as well. The senate in all likelihood looks like they will vote for the better of the two proposed amendments - the Toomey/Wyden/ Lumis version rather than the one that ironically favors PoW mining. Ironic b/c Washington DC has been telling the world for decades that they are here to save the environment and here they are positing an amendment in a bill that would favor PoW mining!
I know the virtue signaling will get to them as callers into their office will remind them today how the bill would favor high energy intensity protocols if passed. At any rate, it's clear to me that the Senate will in the end favor the bill that is agnostic as to picking winners and losers and this could set BTC off into a mini bull run, setting the stage for SOL's next 116% gain in 16 days.
A very wonderful merger b/w technicals and fundamentals.
Google Allows Crypto Ads on August 3rdThis is a change from their policy which banned it in March 2018. Starting on August 3rd, 2021 Google will allow exchanges and wallets to advertise crypto and crypto products.
This is a major turning point of the market imo - the number of people who will now casually see ads that never did before will be an order of magnitude higher.
Link to verify - straight from Google sources:
support.google.com(b)%20a%20federal%20or%20state%20chartered%20bank%20entity.
Alphabet Overbought on Hourly AHead of QuarterliesGoogle is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode and potentially align short-term traders with the daily. The stochastic is above 80 level and maintenance here (blue arrow) increases the chance of a successful trade. However, the RSI is overbought (blue shaded area) and a pullback may give a better risk-adjusted entry, as the oscillator normalises. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly support in conjunction with risk management techniques. Revenue is expected to be $55.95bn ($38.3 bn) and EPS is forecast at $19.19 ($10.13).
All Time High, Market is fragile more than ever..!while many are happy watching all times highs, pros no any all-time high could be just one day before a major correction or starting the first phase of a crash..!
The trading value of Mega caps decreased more than 30- 50% in a week..!
This is a comparison between trading volume since 2021
AAPL
NASDAQ:MSFT
AMZN
GOOG
NASDAQ:FB
This weekend could be a perfect time to watch "The Big Short" if it is not late...
$GOOGL ATH!All time highs today after that morning shake-out. Looked a little bit weak at first but came back strong and held the EMAs. A close above 2430 was the queue for a larger move towards 2450 as it cleared the 1.618 Fib level and confirms the continuation of the impulsive move upwards. The open tomorrow should tell us if this was just a test of the highs or if it will continue running. Early morning flows and market close flows are telling of the bullish bias that whales have on GOOGL. Those sweeps targeted the 2430 weeklies at open and the 2435 towards close.
Watch these patterns on GOOG! 👀Ok, GOOG has a head and shoulders in the 30min, and we see an advanced breakdown as well.
The RSI is not following the 4h chart as well. If GOOG triggers the head and shoulders in the 30 min, we’ll see a correction that could last for a few days. We were above the BB today too, indicating that any bearish sign trigger the pullback we are talking about.
This is not a sell sign yet, but we could see one soon! Oh, and no, I don’t believe GOOG will fail, please, but I think a correction will be very good for the stock. 😉
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
GOOGLE Signals showing further growth.Pattern: Channel Up on 1D.
Signal: Buy as the price is: 1) Still on the middle of the Channel, 2) The RSI not yet on its 10 month Resistance Zone, 3) The MACD is on a Bullish Cross.
Target: 2670 medium-term (the 2.0 Fibonacci extension, which has been met on all three previous Higher High waves of the Channel Up).
Useful facts: The 1D MA50 (blue trend-line) has been supporting since January 19, 2021. The last time none of the 1D MA50/ MA100 or MA200 were above the price was in April 21, 2020!
Most recent GOOGLE signal:
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🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> CryptoSurfer007
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Quality matters!I believe it is good to review how functional our analysis is.
I want to share the multi-timeframe analysis I published last week for my Patrons/private subscribers, and let you judge the accuracy of the contents!
Some People think I publish my post to bait people to subscribe to my services!
I challenge them to publish their own analysis and next week we will review whose work has a higher rate of accuracy!
NASDAQ:AAPL
Multi-Timeframe Analysis:
Hourly Chart: Flat Top (Neutral)
Daily Chart: Flat Top (Neutral), rejected from 50 EMA, trading near its support level
Weekly Chart: Flat Top (Neutral) 5 red weeks in a row, last time it happened was October 2018, followed by a 30% correction ( Bearish )
Monthly Chart: Flat Top (Neutral)
Daily average trading value (YTD): Trading 32% below YTD (money outflow) ( Bearish )
Weekly average trading value: lowest since November 2020, 38% below last trading year. ( Bearish )
Monthly average trading value: lowest since February 2020. ( Bearish )
Conclusion: Wait to see if Apple can hold its support line, (be ready for closing your positions if you have the stock)
The most concerning point is :
Whenever Apple's average trading value dropped below its 12 monthly average we saw a correction to the level of 50 EMA /monthly.
NASDAQ:MSFT
Multi-Timeframe Analysis:
Hourly Chart: Ranged below the resistance level (Neutral- Bearish )
Daily Chart: At the support line since Jan 15th, 2021 (Neutral)
Weekly Chart: after 4 negative weeks in a row, slightly positive(1.85)
Daily average trading value (YTD): Trading 33% below YTD (money outflow) ( Bearish )
Weekly average trading value: Trading 24% below last trading year average. (money outflow) ( Bearish )
Monthly average trading value: Trading 14% below last trading year average. (money outflow) ( Bearish )
Conclusion: Wait for reaction to support line. The decreased trading value is seen in all levels (D/W/M) is a concerning pattern!
NASDAQ:AMZN
Multi-Timeframe Analysis:
Hourly Chart: Flat Top (Neutral)
Daily Chart: Moving toward its support line. (Neutral- Bearish )
Weekly Chart: Doji at the middle of the regression channel (Neutral)
Monthly Chart: Pure sideway between 3550-2870 in the past 9 months. (Neutral)
Daily average trading value (YTD): Trading 37% below YTD (money outflow) ( Bearish )
Weekly average trading value: Trading36% below last trading year average. (money outflow) ( Bearish )
Monthly average trading value: Trading 15% below last trading year average. (money outflow) ( Bearish )
Conclusion: Neutral to Bearish in a sideway channel
NASDAQ:GOOG
Multi-Timeframe Analysis:
Hourly Chart: double Top with signs of rejection! ( Bearish )
Daily Chart: Bearish engulfing followed by bearish harami. ( Bearish )
Weekly Chart: bullish regression channel
Monthly Chart: Dragonfly Doji .
Daily average trading value (YTD): Trading 9% below YTD (money outflow) ( Bearish )
Weekly average trading value: Trading 7% above last trading year average. (money inflow) ( Bullish )
Monthly average trading value: Trading equal to the last trading year average. (Neutral)
Conclusion: Neutral to Bearish
NASDAQ:FB
Multi-Timeframe Analysis:
Hourly Chart: Double Top ( Bearish )
Daily Chart: Double Top ( Bearish )
Weekly Chart: at the top of the regression channel ( Bearish )
Monthly Chart: Dragonfly Doji , possible reversal??? (Neutral-Bearish)
Daily average trading value (YTD): Trading 32 % below YTD (money outflow) ( Bearish )
Weekly average trading value: Trading 12% below the last trading year average. (money outflow) ( Bearish )
Monthly average trading value: Trading 5.5% below last trading year average. (money outflow) ( Bearish )
Conclusion: wait for reversal confirmation ( Neutral- Bearish )
NASDAQ:TSLA
Multi-Timeframe Analysis:
Hourly Chart: at the support level of a short-time bullish trend started 12 days ago!(Neutral)
Daily Chart: Bearish Harami and trading below 50EMA ( Bearish )
Weekly Chart: Spinning Bottom in a downward regression channel.
Monthly Chart: Flat Bottom (Neutral)
Daily average trading value (YTD): Trading 42% below YTD (money outflow) ( Bearish )
Weekly average trading value: Trading 26% below last trading year average. (money outflow) ( Bearish )
Monthly average trading value: Trading 27 % below last trading year average. (money outflow) ( Bearish )
Conclusion: Complex Correction with unpredictable moves!
what is your idea about the accuracy of these analyses???
Moshkelgosha
DOT BULLISH NEWS and BULLISH TA - June/July PT $80
DOT News on 6/1/2021
1) DOT ETP Launched in Europe on Swedish Stock Market (Grayscale is next)
cointelegraph.com
2) $USDT announces it will be first stablecoin launching on $DOT & $KSM ecosystems
tether.to
3) Westmine successful on DOT's shell parachain!
twitter.com
4) Kusama upgrading shell to Statemine!
(Same link as above)
Conclusion
Considering that the first 5 auctions on Kusama will roll out every 7 days once the schedule is announced any day - we should see DOT rolling out its first parachain in July... which is amazing considering the best estimates had this pegged at year end for PolkaDot - this is a huge shift in expectations and not many are pricing this in just yet.
Technicals
We're getting a bullish MACD daily cross and the EMA ribbons on 4H are decidedly turning bullish as the 20 is crossing the 34 4H EMA right now as we speak! .... it's especially bullish b/c this is happening the same time that we are getting a bullish cross in the daily MACD.... next up will be the 20 EMA crossing the 55 and the 34 crossing above the 55... DOT is looking more amazing every day on TA and is aligning amazingly well with fundamentals - still not too late to buy.
1st Series of STOCKS Buying Areas!Hi followers and other TradingView users,
My 600th post in TradingView and I need your help (activity) to start a new series. I would like to do something similar with stocks as I do with altcoins.
"Don't put your eggs in one basket." - the old saying but pretty important to achieve financial freedom. Considering that, let's find together some investment opportunities which can start to work for you as fast as possible - properly made technical analysis allows it to do!
I would like to know FIVE of your favorite stocks, criteria to get into the list:
* Name FIVE (max. nr.) of your favorite stocks, full name, and ticker. For example, Apple (AAPL), Tesla (TSLA)...or just ticker, the ticker is a must-have!
* Click the LIKE button of this post.
* Click the follow the get the update as fast as possible.
TOP10 most mentioned stocks get analyzed. I will point out some possible breakout opportunities to buy the strength and corrections to watch. Pointing out some lower levels where your alerts should be set!
I know that the bigger part of my followers has more interest in cryptocurrency but still, try to name your stocks to get into the list, and let's find buying areas for them.
If you look at my related ideas (below of this post), then over the years I have posted quite a lot of stock charts and the success rate of these ideas has been amazingly high!
So, quite an easy task to you, name five of your favorite stocks and you get the investment areas for free, areas that put your money to work for you as fast as possible!
Stay healthy,
Vaido
QQQ holding last trend lineOBV divergence signaled a potential correction, as price were making higher highs, OBV was making a lower high.
On the plus side, we are making higher lows since march lows.
There is a resistance trend line that is still holding, and is now coincident with the 61.8% Fibonacci retracement line.
A buy with a stop below the trend line has worked great the last 3 consecutive times it tested.
If we do keep selling off, I expect the next place we could pause at the $298 level, just below the 200sma.
How far Apple could Slip???Those who have early access to my trading ideas have the chance to perform better.
Don't you believe it?
Check my recently private post:
Hourly Chart: Lower border of Megaphone, should be supported around 130. (Neutral)
Daily Chart: Lowest close since April 12, close below daily open in the last 5 trading sessions, and increased volume above monthly average while the price fails to close above daily open is in favor of bearish case! (Bearish)
Weekly Chart: Bearish engulfing after 2 Doji candles. (Bearish)
Monthly Chart: Failure to close above 132.49 in the last 4 months, which means Apple's return in 2021 is slightly negative so far! (Neutral)
Change in Average Dollar Value of Trades: -18% in the first 4 months of 2021 in comparison to the last 4 months of 2020. (Bearish)
Conclusion: Neutral-Bearish in May is the most probable scenario.
Educational Article:
1- Megaphone or Broadening Pattern:
www.investopedia.com
2-Bearish Engulfing:
www.investopedia.com
3-Resistance:
www.investopedia.com
4- Multi-timeframe Analysis:
www.investopedia.com
5-Dollar volume:
www.investopedia.com
If you are interested to have early access to my trading ideas, check the signature box below the post for more information.
What happened yesterday..?The key to success in this market is to know at least 3 things:
1- how retail investors behave?
2- how Algorithms Behave?
3- How big investment firms behave?
Then you can have a good analysis and act based on that:
I asked my private followers to short Tesla for the last 2 weeks and insist to do that yesterday after the Down Gap followed by the big Green candle!
Those who have early access to my trading ideas have the chance to perform better.
Don't you believe it?
Check my recently private post:
Educational Articles:
1- www.investopedia.com
2- www.investopedia.com
3- www.investopedia.com
4- www.investopedia.com
If you are interested to have early access to my trading ideas, check the signature box below the post for more information.
Do not follow ARK invest..!My private followers Just made a+50% to +100% gain by shorting Palantir when it was above 20 yesterday! (buy put 20, May 14, 2021, at 64 cents!)
I don't sell signals, I teach people how to make profits out of market opportunities.
For instance, do you know what type of Gaps were created in most Stocks yesterday, and how you should play them?
My followers know because I send them educational articles below my posts!
I spend 6 months studying the ARK investment behavior and I found most of their tricks..!
While Ark invest has had a great performance of +988% between Feb 2016 and Feb 2021, they had a -38% loss in the last 3 months!
Their best days have gone..! they are trapped in the bubble they created through social media propaganda! I warned people since mid-February 2021!