New trades $CL $KMB $AIG $BKQuiet day in the markets, volatility down slightly, all sectors seem to be trading together in wait and see mode. No exits today, entered 2 new pairs trades. Will likely enter more trades tomorrow and Friday but don't plan on entering any new trades next week going into the election.
Jared
Pairs
New trades today $EWG $EWD $CAR $URI $AMT $O$VIX inched higher to 29.2 and I expect it to hang around the 30 handle going into the election, no exits today, I put on 3 new pairs trades and plan on taking them off next week and most likely flattening my entire portfolio into cash going into election week.
Jared
New Pairs Today - $LOW $TJX $AVB $IYR $DBX $BOXHey guys, we had a nice uptick in volatility today with the VIX climbing to 29.2, with that I put on 3 new pairs trades. Long $TJX / Short $LOW - Long $AVB / Short $IYR - Long $BOX / Short $DBX. I still have 3 other open pairs trades.
Barring any unexpected event I think volatility could stay tame up until the election in 2 weeks then we could see some massive re-pricing on the day of the election and the following several sessions as the market re-prices assets according to what new administration is set to takeover the White House, so I plan on having light exposure going into the election, not putting on any new trades in the several days leading into the election and then look for volatility spikes afterwards to enter new pairs trades.
Jared
Bullish Ethereum Will Soon Find Resistance!Here on Ethereum we can see two very interesting consecutive trade set-ups based on the recent fib retracement.
All information is available on the chart, but it boils down to making use of a few very important levels: the 0.5 fib reversal level and the $400 psychological resistance.
I suggest a long position towards ~$395 and then a short position back to $375.
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New Pairs Trade - $CHRW vs $EXPDHey guys, final update for the week, I exited the pair $CGC vs $CRON and entered a new pairs trade long $CHRW vs short $EXPD, this pair has a profitable history and looks good technically right now. I ended the week up and expect market volatility to increase over the coming weeks into the election, I've left a lot of powder dry ready to take advantage of the spikes in volatility and enter new pair trades as they present themselves.
Have a great weekend and see you for trading on Monday!
Jared.
Today's Pairs Trade - Long $EPOL / Short $EWMHey guys, today I exited my shorts in $MSFT $FXI and $F and am now sticking just to pairs, I think market conditions will be good for staying market neutral especially coming into the election where we could see strong one way moves in the market making it very difficult for directional trades. On the other hand these highly volatile market spikes can present great opportunities for pairs trades.
I opened a new pairs trade today, long the Poland ETF $EPOL and short the Malaysia ETF $EWM in equal dollar amounts. Using the Buy Sell Bands on this pair has shown very strong historical results as I show in the video.
Stay tuned for my update tomorrow.
Cheers,
Jared.
New Pairs Trade - $KR vs $KHey guys,
Just a quick update on how my current trades are doing plus I put on a new pairs trade today; Long $KR / Short $K - Both are large cap food companies with a strong history of profitable pair trades using the Buy Sell Bands as I show in the backtest results.
Check in tomorrow for an update on how my trades are tracking.
Cheers,
Jared.
Parallel Ascending Channel on NWC Creates Great Long OpportunityHi everyone,
In this analysis I want to keep focusing on NWC, one of the smaller market cap coins that I discovered recently that has a lot of upwards potential.
After a very successful previous idea of looking at the confirmation of the bullish retest we see that the technicals can give us a good indication of how to trade NWC Newscrypto.
Right now the price is trending upwards inside a parallel ascending channel. Whenever you trade channels it's important to find a place with maximum risk reward. For this, we can use the age old buy low sell high principle.
The best place to enter a trade is when the price bounces off the lower support line. We see that the price is EXACTLY at the lower support at the moment, giving us a great opportunity to buy low.
The sell can be defined by many different indicators. You can choose to enter a scalp trade and hold it for a few hours towards the upper resistance, or you can choose to use it a great entry for dollar cost averaging into this asset to hold for the longer term and aim for profits of 50% and higher.
Combining with the fundamental analysis we see that today new functionality was added where users are now able to leverage apply pay to buy NWC tokens. This will bring greater accessibility to this coin to a large audience of all 1 billion apple pay users. Since NWC was only available on KuCoin (and HitBTC but I suggest to buy it on KuCoin) this could lead to a large influx of new users and therefore an increase in price.
I suggest a long position here on NWC. Good luck!
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Today's Trades $MSFT $FXI $F $CGC $CRONHey guys, here are my trades for Monday 12th October, 2020;
Short $MSFT
Short $FXI
Short $F
Short $CGC / Long $CRON
Stay tuned in for my daily updates on when I exit each trade.
Cheers!
Jared.
Bullish Retest Opportunity on NWC In this analysis I am going to break down all the most important technicals on NWC/USDT and explain how to make use of all of them to come up with a nice 3+ risk reward trade set-up.
After the price has been coming down from the all time high we see that two major horizontal support zones have been formed. The lowest one (level II in the chart) has just been confirmed twice, with proving very strong support.
The highest one provided support earlier on in the chart but now got broken recently around the 1st of October. Bear in mind however that all altcoincs went down recently and that a drop in price of any altcoin is not necessarily due to the company's performance but might also be due to general market conditions.
Even after the price breaks through a zone you can still keep the zone on your chart as the area might be useful later. In this case we see that through an S/R flip the old support zone will turn into resistance first, and now potentially into support again!
I will monetize on this scenario in this trade set-up by suggesting a long position using a bullish retest on the 4h.
For this trade I suggest an entry near the horizontal support zone at the first level. This is the most logical place for a change in momentum on NWCUSDT.
For the stop loss I would look at the second level horizontal support. This is a stronger support area that held many times before, so the chance is relatively low that the price will go below it.
For the take profit, the most logical place for the first target would be near the previous ATH, giving a potential profit of 51%. Beyond target 1, we reach the moon area where no clear technicals can give us profit targets. Simply hold beyond this level for unlimited potential.
The total risk reward for this set-up would be 3.16.
If we look at the fundamental side, I highlighted a few important events on the chart that explain a few price moves. Previously I mentioned the Vera Chain audit that caused a major increase in price.
Today we can see that the Apple Pay announcement caused the price to increase by over 20%. The logic behind it is obvious, as more payment methods are being added more and more customers are able to buy the NWC token, increasing the demand while keeping supply stable. This shift in classic economics will always cause the price to go up.
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NWC/USDT - When Technicals and Fundamentals AlignHi everyone,
The Trading-Guru is back with an analysis on NWC. In this analysis I mix things up a little bit and cover NWC/USDT both from a technical and a fundamental point of view.
There are two important horizontal levels on the chart. The horizontal resistance zone marked by the ATH at around 28.5 cents and the horizontal support zone of around 18.5 cents.
As this coin has a relatively low marketcap there is high volatility and even a "scalp" trade between support and resistance can already yield 30%+ as shown by this trade set-up.
Now, normally I would've suggested to wait for the price to drop to the support zone and buy there. However, besides technicals there are other factors at play here that influence the price.
Especially on lower marketcap coins it is important to keep an eye on more fundamental things cause they have a high probability of influencing the price. Today you can see that NWC has had an audit by Vera Chain which went successfully. As a result the price went up already before the support zone was hit.
Now after a few hours I think we can safely say that the reversal has been confirmed and I suggest to enter a long position here on NWC.
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How To Trade LINK - Retracement with Moon PotentialLink has been performing extremely, extremely well over the last weeks. With an astonishing 1400% growth over the last few months it's been the hero we all wish we could be.
In this technical analysis I will walk you through how I suggest to trade a pair that has been seen such a crazy uptrend.
First of all, it's noteworthy that you should never buy a coin that's already peeking. When there's just been a huge green candle, you are too late. You wish you were in, but don't FOMO buy.
Always wait for retracements. Retracements such as ... the one right here in front of you! THIS is the moment to buy, after plenty of red candles.
The age old principle stands, buy low and sell high.
As for the exit, if you're more of a scalp trader I suggest to leave before the $20 level again as this is a likely place where it finds resistance.
If you want to HODL LINK, then you can try to aim for the 'Moon Zone'. In this area the price might rise like there is no tomorrow, and simply holding it might bring great benefits.
Bearish BTC Finds Itself in a Parallel Descending ChannelHi everyone, I'm back with another analysis on BTC/USD. After looking at the wedge earlier on, we will now look at a more conservative downtrend from the parallel channel.
The wedge from my previous idea got invalidated quickly. BTC isn't moving as fast downwards anymore as it did before. It seems the downward momentum has slowed a bit. However, we can still spot a parallel descending channel with a downwards direction. I will attempt one more trade set-up that is focused on this more bearish scenario.
There are two ways to trade this. You can either trade the price downwards with a short from $11,600, or trade the price upwards with an entry around the $11,250 area after a bounce on the bottom support area.
Take special note of the confluence between horizontal support and the support line of the channel. This is a strong indication of a powerful support.
For now, the TA shows that BTC will move downwards still for a while. A big move or some newly found momentum can change things again. Since it's the weekend, a short is relatively safe. But be careful when holding it overnight into the new week.
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XRP/USD Heavy Trading Volume Blocks The Way To MOON AREAIn this idea I will go into XRP/USD and use technical analysis to highlight the most important aspects of XRP right now. Both through the volume profile and heavy trading zone we can see some interesting behavior.
Let's start with the horizontal support zone at the bottom. This area got confirmed multiple times, showing it's strength. After the latest confirmation, a long trade seems like the only wise idea. I don't expect the price to fall below this zone for a while.
Then, let's look at the volume profile and the heavy trading zone. There's two things that stand out. First of all the ~30 cents level is incredibly important to XRP. Possibly showing signs of psychological support and resistance. Second of all, trading in this area will generate a lot of trading volume and might slow down price movements and thus volatility. However, if the price ever breaks through such area, we might expect some mooning potential as the price is free to continue after leaving the bears behind in that zone.
We've seen this happening before already at the area I marked with a break-out. The price grew by 8% within just a few hours!
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USDCHF review - testing 5th times nowHello Traders and All TradingView users
My view is possible increase from this level to 161.8 fibo ratio
One of the my favourite tool is FIbonacci Retracement ...
And i hope USDCHF and other USD pairs will start rise up soon
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