Bearish if no one buys at 8 I personally believe it will fall next week to $6.9.
Even with 2.5% or 5% equity risk with 2 or 3 leverage, this is a good trade to be on the short side.
What do you think?
Leverage
Some ideas on How We Trade (Spot and Leverage)Hi everyone,
let's try something new for you tonight:
I made this video to share with you how we day-trade. It's a video so you watch it and let us know your thoughts. If you like it or find it useful we can make more videos like this.
The market has been a disaster for many:
It has happened before and it will happen again. Just remember to go back and look at how we dealt with it (we hedged enough and we are still 'alive).
I really liked what my good friend Irina said today : 'I think we all learn some lessons these days. That’s what bear markets are for. Learning lessons.''
Her hair is painted red-ish. She promised to paint them Green on Monday so we remain friends (true story, yes).
Watch the video, it could help you see a different way of doing things.
Remember: Trading is RISKY and is not recommended for anyone! DYOR and LEARN from everything that happens.
one Love,
the FXPROFESSOR
Can we leverage stablecoin pairs? BUSDUSDTCan we leverage stablecoin pairs? BUSD up almost 10% over Tether's USDT.
Look at that volume too!
TRAMA over VWMA and Stoch headed to overbought for this vix deriuvxy has seen a lot of choppy action for weeks but the trend has been upward. if we keep seeing TRAMA and VWMA rise together on the daily and double stochastics
signal remains bullish we should end the week higher as long as spy stays under 400
holding mid 18s uvxy would indicate were due for a trip back up to high 19s
island top or taking offif we hold the 18.50s and break upper 19s retracement will be good enough and well be over rising vwma and trama if we reject 19.75 and close below a significant low on the 5 minute then stiff overhead resistance means were in for low 18s. if we see that close into the upper 19s were headed over 21
still in the pop, or back to the doldrums?its clear that uvxy has stiff overgead resistance, but if that breaks we could see over $21 soon. prove the bear case and its moreso back to $16.
welcome to the forever market, or more pain to come?tqqq is a big question because it is down a significant amount and a lead bear. if it turns into a lead bull here we could see 60% gains.
BTCUSDT 1HR WK #182 things i'd like to remind you of is that they always recover the wicks and slow trend true trend. If MM's leave this wick and continue higher just know the 35k inst the bottom
SNX update: Using Chaikin Money Flow and the Keltner ChannelsFull disclosure: I am long SNX with a current holding of 3,042 tokens held on the Celsius Network. I am currently grandfathered in and still earning 14.05% APY despite the recent SEC ruling inhibiting non-accredited US investors (like me) from earning interest. Libertarian here, so I hate big government. Anyway, recent SNX price action continues to plod in the direction we like.
Looking at the CMF (Chaikin money flow- green line below), it appears we are seeing a renewed interest flowing into SNX. Always a good sign.
And the Keltner Channels show a robust upward trend. Currently, SNX is staying safely within the upper band of the KC, not overextending above nor dipping below into the lower band. This is VERY bullish action.
May it continue. If you like this idea, please feel free to comment or read my other ideas to stay abreast on SNX. -- Garry
ATOM ADAM & EVEHello traders,
Here is a quick day play on ATOM. This is the formation of an Adam and Eve pattern. A less talked about price action structure that generally pays the bills!
BTC-USD 1 hourly symmetrical triangle Breakout/BreakdownBTC-USD
Looking out for something like this scenerio.
I open little positions on flipping support in resistence (short) and when flipping resistence in support (long)
And i scale higher when breaking previous lows/highs.
You can see the symmetrical triangle also on the 4 hourly,
In a few hours, we are at the end of the apex , and a big move is likely!
Wanna see more of my technical analysis?
Follow me on tradingview :)
DOW JONES HEAD and SHOULDERS FORMATIONHead and Shoulder is an important reverse indicator. It must be used with the RSI and MACD divergence and on the graph it can be seen that.
It's good set up and the SL is above the right shoulder. Its as on the book. Hope it works. Regards
Bitcoin Bullish ProjectionRed lines: resistance levels
Green lines: support range
Yellow Dashed: Range that I believe will make the bounce / reversal
VPVR on the left for better display of resistance / support levels
Circled points: Similarities of L shape formations where Bullish Rally followed.
Based on the VPVR and the repetition of the circular formations, I make the bullish projection for the price of bitcoin after the end of the bear wave (-15% ~ -20%) from the rejection at $ 48,000.
XRPUSD BEARISH TRENDLINE BREAKOUT!!Bearish Trend Line Breakout.
-19.3% possible retracement.
I'll short XRPUSD. Join my channel if you want to access my trades!
EURUSD Long at 1.0986 RRR 1.85DXY is on the resistance level and ı expect to see a reversal from here.
I think corporates are buying before the line. We can see a good reversal from here..
Market makers looking to trap more bears?If we look back at past PA, we can see how MMs break trend to increase shorting to spike in their face.. low volume this weekend could be a nice fakeout setup for monday. targets around 43
mms=market makers
see my indicator pvsra volume suite for more definition
(TQQQ) breakout or bustThe chances of a daily bull pennant increases with every daily higher low we make. Holding 4500 spx es1! Emini s&p futures withstanding and moving toward the week high would the odds of getting to $64 TQQQ skyrocket. Staying over vwma and bottom anchored vwap having no qqe short entry would be very bullish. Channel break strategies say buy over rising support, sell if we break Thursdays low.
Bullish $btc into aprilWe either reverse the bear cycle and get into local highs or melt back into the 30s and possibly discover new relative lows. Next couple weeks will be huge for btc.. Im betting BULL.
The bullish targets on this chart are conservative, and for scalpers.
spx getting to oversold (SPXL)we are in technical conditions of a selloff and risk averse activity is driving the market. defensive sectors are even doing poorly. there is no reason to think price action will turn around here, vut the price doesnt go anywhere in a straight line. at least one last trip up to mid or upper 95s is a valid target.
you guessed it: overbought vix (UVXY)this thing has pumped all day and is getting tired. UVXY is overbought on the 15 minute timeframe and is taking on the appearence of a pullback on the one minute where qqe is trying to punch in a short entry. could there be more to go bullishly? of course. why bother trying to squeeze more out of it long when you know lower prices soon are all but guaranteed?
high to mid 19s are a target.
broader market health indicated (UVXY)vix is showing that weve successfully tested some level in the s&p that could hold. momentum in uvxy is downward. the hourly should play out in bears favor, bullish for the s&p.
probable tightening range (SPXL)given the amount of retracement if we stay over 97 and attract volume setting and confirmin this as a higher low around the .5 its likely we enter a tightening range going for a touch of vwma and then setting a lower high. id like to close that day around the highs for a bull daily case. horizontals are valid targets.
