BRIEFING Week #34: Crazy Monthly CandleHere's your weekly update ! Brought to you each weekend with years of track-record history..
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Indicators
BTBT Bit Digital Options Ahead of EarningsIf you haven`t bought BTBT before the previous earnings:
Now analyzing the options chain and the chart patterns of BTBT Bit Digital prior to the earnings report this week,
I would consider purchasing the 3.50usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $0.27.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NVDA NVIDIA Corporation Options Ahead of EarningsIf you haven`t bought the the recent dip on NVDA:
nor before the big rally:
Now analyzing the options chain and the chart patterns of NVDA NVIDIA Corporation prior to the earnings report this week,
I would consider purchasing the 138usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $15.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Deep dive into Acceleration / Deceleration Indicator Hello, Skyrexians!
Last time we discussed how you can use the Awesome Oscillator to create profitable crypto trading strategies and which type of signals it generates. Today we will deep dive into Acceleration/Deceleration (AC) the next Bill Williams indicator, which can also enhance your cryptocurrency trading strategy. This indicator also can be valuable not only for manual trades, but also for developing your crypto trading algorithm, crypto algo trading platform, crypto trading bot, ai trading bot or grid bot.
The main thing is to understand what is the AC indicator and which signals it generate, which signals we shall use in crypto trading like top crypto traders. Let's go!
What is Acceleration / Deceleration?
The Acceleration/Deceleration Oscillator (AC) is a technical analysis indicator developed by Bill Williams, a notable trader and author known for his work in market psychology and trading systems. This indicator helps traders identify changes in market momentum and potential trend reversals.
How the Acceleration/Deceleration (AC) Indicator Works? The AC indicator is based on the idea that the momentum of the market (speed of price movement) often changes before the price itself changes. By identifying these shifts in momentum early, traders can anticipate potential trend changes.
The AC is derived from the Awesome Oscillator (AO), another indicator created by Bill Williams, which is the difference between a 34-period and a 5-period simple moving average of the median price (the average of high and low prices).
The AC is calculated by subtracting a 5-period simple moving average of the AO from the AO itself. Mathematically, it can be represented as:
AC = AO − SMA5(AO)
Where AO is Awesome Oscillator (calculated as the difference between the 34-period SMA and the 5-period SMA of the median price). SMA5(AO) is 5-period simple moving average of the AO. Now let's consider which types of signals AC can generate.
CHWY Chewy Options Ahead of EarningsIf you haven`t sold CHWY before the selloff:
Now analyzing the options chain and the chart patterns of CHWY Chewy prior to the earnings report this week,
I would consider purchasing the 28.50usd strike price Calls with
an expiration date of 2024-8-30,
for a premium of approximately $1.21.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
S SentinelOne Options Ahead of EarningsIf you haven`t bought S before the previous earnings:
Now analyzing the options chain and the chart patterns of S SentinelOne prior to the earnings report this week,
I would consider purchasing the 27usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $2.07.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
How Spotting Liquidity Can Help Your Trading StrategyUnderstanding where liquidity exists in the market can help enhance your trading success in a few ways:
1. It can help you understand where potential blocks of liquidation could occur. The market is often attracted to these block and will liquidate there.
2. It can help you confirm patterns that exist on you charts
3. It can help you spot new patterns which you may not have spotted previously.
Let's take a quick look at the "Liquidity Swings" indicator by LuxAlgo in this video.
Gold Trade : Bullish Momentum AheadXAUUSD has been making bullish trend through 2041 making higher highs and higher lows and is holding towards the liquidity zone 2506 2505.Price action and market structure also shows bullish trend and also a double bottom pattern is evident around the 2380 2385 level indicating a strong support area. there is also a news which would support us in bullish momentum
Our technical analysis and market indicators suggest a positive trend for gold in the next trading session. Investor can expect a potentially lucrative opportunity to capitalize on the bullish momentum.
NVDA Nvidia Buy the Dip OpportunityIf you haven`t bought NVDA before the breakout:
It's important to note that the leading company in Artificial Intelligence is currently trading at a Forward P/E ratio of 29.48. This valuation suggests it might be relatively inexpensive for investors considering a long-term position. Given the company's strong market position and growth potential in the AI sector, this could be an opportune time to enter, especially if you believe in the sustained growth and innovation of the industry. The Forward P/E ratio is a key indicator of expected future earnings and, at this level, it indicates that Nvidia is reasonably priced in comparison to its future earning potential.
My price target for the end of the year is $140-145.
Sleeping Giant Awakes: Gold's Path to $2,800If you haven`t bought Gold before the previous breakout:
Now I am optimistic that GOLD is on the cusp of reaching a new all-time high, with a target of $2,800 by year's end, driven by a significant breakout.
The bullish sentiment is clearly reflected in the options chain for major gold miners!
Provided that gold maintains its position above the crucial support level of $2,428, the bullish trajectory remains intact. We foresee gold not only surpassing its historical high of $2,483 in the near future but also advancing to $2,800.
After lying dormant for many years, this sleeping giant appears ready to awaken and exhibit remarkable growth.
TTWO Take-Two Interactive Software Take-Two Interactive SoftwareAnalyzing the options chain and the chart patterns of TLRY Tilray Brands prior to the earnings report this week,
I would consider purchasing the 155usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $6.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SPY S&P500 ETF W-Shaped RecoveryIf you haven`t bought the previous correction:
Now historically, the SPY S&P500 ETF has demonstrated a consistent pattern where a Relative Strength Index (RSI) at or below 30 triggers buying activity.
This technical indicator, typically viewed as signaling an oversold condition, has reliably attracted investors looking to capitalize on perceived undervaluation.
As a result, these dips have been quickly bought up, suggesting a strong market tendency to rebound from such low RSI levels.
I expect the recovery to be V-shaped or W-shaped, ending the year higher.
JD Options Ahead of EarningsIf you haven`t sold JD before the previous earnings:
Now analyzing the options chain and the chart patterns of JD prior to the earnings report this week,
I would consider purchasing the 26usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $0.99.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BRIEFING Week #33: Market are bumpy, be cautiousHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
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Phil
SNOW Snowflake Options Ahead of EarningsIf you haven`t sold SNOW before the previous earnings:
Now analyzing the options chain and the chart patterns of SNOW Snowflake prior to the earnings report this week,
I would consider purchasing the 110usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $2.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
TTD The Trade Desk Options Ahead of EarningsIf you haven`t bought the dip on TTD:
Now analyzing the options chain and the chart patterns of TTD The Trade Desk prior to the earnings report this week,
I would consider purchasing the 87usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $4.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BTC Crypto Silence in Musk-Trump X Space Session Disappoints If you haven`t sold the Double Top:
The digital asset market remained subdued after the recent X Space session between Elon Musk and Donald Trump, where crypto went unmentioned.
Elon Musk, a long-time advocate of cryptocurrencies, has recently been joined by Trump, who has surprisingly become a supporter of the asset class.
This shift is notable, not just because Trump is a former U.S. President running for a second term, but also because it marks a complete reversal from his earlier stance.
While in the White House, Trump labeled cryptocurrencies as a "scam," "not real money," and a "disaster waiting to happen."
Now, in a stark contrast, Trump has become the first U.S. Presidential candidate to accept crypto donations and has publicly endorsed Bitcoin mining, even delivering a keynote at the Bitcoin Conference in Nashville last month.
Given this dramatic turnaround, many in the crypto community were expecting Trump to address the topic during his conversation with Musk.
However, to their disappointment, the subject was left untouched.
After a technical rebound, I expect the correction to continue.
I'm still bullish on Bitcoin (BTC) in the long term.
CSCO Cisco Systems Options Ahead of EarningsIf you haven`t bought the dip on CSCO:
Now analyzing the options chain and the chart patterns of CSCO Cisco Systems prior to the earnings report this week,
I would consider purchasing the 45usd strike price Puts with
an expiration date of 2024-8-16,
for a premium of approximately $1.41.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
WMT Walmart Options Ahead of EarningsIf you haven`t bought WMT before the previous earnings:
Now analyzing the options chain and the chart patterns of WMT Walmart prior to the earnings report this week,
I would consider purchasing the 67usd strike price Puts with
an expiration date of 2024-8-16,
for a premium of approximately $1.46.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BRIEFING Week #32: Stagflation May be InevitableHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
META Platforms Options Ahead of EarningsIf you haven`t bought META before the previous earnings:
Now analyzing the options chain and the chart patterns of META Platforms prior to the earnings report this week,
I would consider purchasing the 465usd strike price Calls with
an expiration date of 2024-8-2,
for a premium of approximately $22.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.