Bitcoin (BTC) Going to $20,000? Big $40,000 Resistance Many people believe we're heading back towards $20,000 but I see it differently. Bitcoin has spent less than 12 days trading under $25,000 after breaking its all time high of $20k on December 16th 2020. Compared to the 148 days of Bitcoin being recognized trading above $30,000. There's just not much support at those levels.
Sure we can still drop below $30,000 but if we did it has become clear to me that Bitcoin trading below $30k has been aggressively accumulated. If companies such as Ark Invest and MicroStrategy publicly announced they've purchased more Bitcoin in between $30k -$40k I'm inclined to believe they'll go drunk off buying below $25k and all the other institutions swimming with them.
We've hit heavy a heavy psychological resistance at $40,000 and we could be trading sideways between $30k -$40k for a period of time as we aim to get back above the 200 day moving average. I do not believe this is the start of a bear market but I do believe this will be another phase of accumulation at these levels.
Much peace, love, health, and wealth.
Hedge
AMC to the moon Last time I published idea, when AMC was 10 bucks only, I told that it will go up to 26 bucks. SO.
Now it will probably has a little bounce back and due to a lot of factors, such as gamma squeeze incoming, dobble bottom, it will go up to 40 bucks.
***Diamond hands since february 2021***
GOLD (Inflation Hedge)As previously mentioned in my outlook of SPY , the best way to play this is ticker GOLD. Barrick recently breached the 200 day MA and is currently resting here. Today it traced back down to 200MA and went back up. There are buyers here waiting to see what happens. If you read my SPY idea, you can look back and see what happened around the end of 2018. Gold Futures went up alot but was also trading between 1200-1300 per ounce. Current Gold Futures is at 1890! I see a big huge upside for Barrick here. I hope you see it too.
Silver surfing and it's potential.Let's play a game. Everytime the FED discusses interest rates, let's buy 200$ worth of silver. Bullions are cool too!
Storing it in a physical bank shouldn't be too much.
But, inflation is upon. And once we pass Go! the banker will want his Money back which won't be worth as much as it is today. So let's use our purchasing power and buy some silver.
We Investors have turned to hard assets which again is appealing to hedge against this problem.
Silver is now trading at about $27 an ounce, more than a 50% increase compared with last year and about a 70% rise from five years ago.
The chart looks very nice with the wicks getting filled, keeping the trendline, and MACD looks ready to shoot.
(This pure opinion not financial advice)
TVC:SILVER
The initial downside, before the moon mission for GOLD?After seeing classical price action for a traditional correction (from an Elliot waves perspective), the commodity started a trendy price action to the upside. It looks like that the top for these three impulses is finished, and a correction has begun. The price objectives for this correction are based on Fibonacci levels (0.382 - 0.618). Overall, once the correction finishes, higher prices have to be expected if GOLD trades above 1732.6 USD.
Together, we will find if this trendy price action may correspond to the first wave of a more significant three impulse waves.
UVXY: UpdateBears are out to play, seems the winter is over. I'm not looking to dump my position in UVXY just yet, however. I thought I might update the community that Business wire reported that Proshares plans on doing a 1:10 reverse split on May 26th before opening bell that day for their UVXY security. Trade accordingly. I expected a reverse split once it touched the 3's, but with its sharp spike this week I am a little surprised by the announcement and wonder if it will hold tbh.
Not advice, not recommendation.
VIX BREAK OUT Successfully broke out of this descending wedge and breaking past the 1/1 Gann fan barrier indicating possibly the start of higher moves to come if closes above barrier.
What Biden just announces about raising capital gains tax definitely was a good little match to start a fire in uneasy markets.
What this does is incentivize selling this year but we have to see if this will pass congress.
This is going to be something to watch closely.
That's all folks
Weekly Hedge Position Idea Nzd/UsdHello Traders,
Here you can find my weekly trade ideas (unconventional fundamental trading Style, not that what most People know as "Normal"). They mainly serve to achieve a possible learning effect or to show other perspectives how other traders set their positions and act, should be very interesting. The focus is on the "point of view" (learning through seeing).
All trades amount to Fundamental, Economical, Mathematical, - Technical information.
In the 4 years that I have been trading now, I have simply learned that the trades are only as good as the information that is based on them, the higher the density of information, the better and more likely that the trade will work.
Every week on Sunday there is an update, because new information is published over the period. Depending on how these end, the trade is either closed "early" or it continues on its way towards TP (Take Profit).
CRV (opportunity-risk ratio) is ALWAYS 1 to 3.
Trading style includes hedge and trend based swing trading and position trading approaches.
Please use your own criteria (entry, exit,etc.) and don't be a copy, otherwise it won't work, find out which style suits to you.
My Trades are always Market Entry, like you can see.
Enjoy.
Have a nice Week :)
BTC Looking Very Bullish 1. We’re in an upwards Chanel overall as you can see.
2. We broke 2 similar resistance levels, bounced back at support for one of them.
3. Bull flags have a high probability win rate.
4. If you study BTC bull runs it’s obvious that the bull run isn’t over.
5. Inflation hasn’t even taken into effect yet! A reason why bitcoin is running up if because it’s a hedge against inflation.
Do not get tricked by the media to sell your bitcoin, newsletters have fear headlines to get you to click for their ad revenue, or for bitcoin short sellers to make short term trades. Big corporations and institutions who have smart financial teams are still in so do not panic.
Gold is aiming for another Low!Please be careful trading gold during the upcoming days. We saw a strong rejection at the trendline today at it seems like the price is looking for another low within the bullflag. I have my buy orders set at the $1640 level in anticipation for another strong reaction from the buyers/ hedgers.
Previous Idea
Cheers,
Ares
Hedge Your Investment PortfolioWhat Is a Hedge?
A hedge is an investment that is made with the intention of reducing the risk of adverse price movements in an asset. Normally, a hedge consists of taking an offsetting or opposite position in a related security.
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A perfect hedge is one that eliminates all risk in a position or portfolio. In other words, the hedge is 100% inversely correlated to the vulnerable asset. This is more an ideal than a reality on the ground, and even the hypothetical perfect hedge is not without cost. Basis risk refers to the risk that an asset and a hedge will not move in opposite directions as expected; "basis" refers to the discrepancy.
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In our previous educational post we noticed that you really liked this theme. The most pressing question in the comments was, what cryptocurrency is able to hedge the rest. So we made a short research to find and provide this table for you, guys. Here is the list of these cryptos that may safe your wallet from being bankrupt.
This is not the financial advice to buy some of these coins or something like this.
It is just a short material that all the crypto traders should follow before entering into the trade.
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All the materials were taken from Binance and Bitmex open sources
We are glad to share all the materials with this community.
Feel FREE to leave comments below about your vision
Thank you, wolves🔥
Oil- 4,2% lower since we went short 🍂Hi guys,
just wanted to share my thoughts with you not just about Oil - an idea that almost nobody liked!- but about Trading in general.
Listen to what I say, try to understand the words and the thinking that comes out of my experience and i hope that I will be able to affect your trading and make it a little better... why not?
We keep buying cryptos selectively, it's going well because even in 'red' days like today our selection is performing nicely BUT at the same time we hedge our exposure (we hedge) with some shorts on other assets. Oil for example since yesterday.
I hope I am making sense and i wish i can affect your trading positively. If yes please leave a comment and remember to apy attention moreto the ideas with less likes because they tend to be the best ones.
One love,
the FXPROFESSOR
DIA short into strengthWhile the tech sector is getting crushed right now, most financials, industrials, cyclicals, and value stocks which comprise over half of the Dow Jones Index are doing well. However, if you are looking to add some negative delta to your portfolio, you could short into strength. DJI/DIA could still rally up, but the downwards market pressure is getting stronger, so selling into strength might be ideal as the concentration of buyers towards the ATH will trigger stop losses at a high velocity. The probability of a rapid rally on DJI should be slim, but a rapid pulldown is feasible at the current levels.
The nasdaq has a slight bubble, protect the downside with SQQQThis is not investment advice, do your own homework and evaluate how much you can tolerate risking.
SQQQ is triple leveraged to the downside on the QQQ, which is the ETF that directly tracks the NASDAQ. As 2021 has begun to play out, it has become more and more apparent that these overvalued tech and software companies are out way past their skis in terms of multiples.
SQQQ provides the perfect protection to these lofty tech stocks as VOLQ is not available on most platforms. VOLQ is the NASDAQ's Vix, which would be my preferred way of protection for the downside but unfortunately is not available for trade on the brokerages I use.
So essentially for every 1% that the QQQ (proxy for the NASDAQ:NDX ) falls, SQQQ rises by 3%. Since it is so heavily inversely correlated, it makes for a great hedge.
When implementing a strategy such as this into your portfolio, I would recommend starting with a meager 1-3% position and no more than 5%. Another solid alternative strategy that is a good permanent piece of a stable portfolio is a market neutral fund.