Great Potential Swing Trade for Coca-Cola (KO)Coca Cola is well below the 200ma and has now bounced off its support. The stock is also in a bullish channel and with earning coming up and some positive news, it looks like it could be great swing trade for coming days/weeks and for a very cheap price in options!
Coca Cola is a safe bet, as we can all pretty much agree, the company isn't going anywhere long term.
They recently have made lots of adjustments to their business plans moving forward to adapt to the changing market and become more efficient as a company which can be found here: www.coca-colacompany.com
With a rise in the coffee market worldwide, Coca-Cola has recently launched their own product which can be found here: www.foxbusiness.com
Lastly, hard seltzers were the quickest growing products in the alcohol market last year with drinks such as Trulys gaining popularity. Much like the coffee market, Coca-Cola is launching their first ever alcoholic beverage and jumping on the seltzers band wagon moving forward, that info can be found here: www.usatoday.com
Patterns
BITCOIN / US DOLLER - POTENTIAL 22.4K LOWS ?Overall view - Expanding channel
Clear head and shoulders pattern forming on the 4H.
1H bullish flag to form a possible bigger second shoulder.
Looking for a retest of the channel & an impulsive breakout to the downside for the 90% retracement to 22.4k then 20k before seeing further long term growth.
PLEASE FEEL FREE TO POST YOUR BTC VIEWS IN THE COMMENTS BELOW.
2/10 Quarterly Update (End of year 2020)Hey guys,
as you know, each quarter 10 Videos/Charts.
This is a number, enjoy it :)
Today we discuss some stocks, the first video was about the crypto asset class. There will be other asset classes, like main videos them for example about spx or dow jones or dax, as well as other financial derivates. In between them, the other videos will contain random stocks, which we encounter, while streaming.
So the next one will discuss a few stocks of the "good stocks" list.
The next asset class video will be about forex or commodities.
Thereafter will be more stock examples and finally, the last videos will again be about a major asset class and the last one will be about trading ideas for 2021.
And as always, thank you for tuning in, happy trading everybody,
roman from -ger-quality-trades-
i OPEN Short Position from 32350 BTC/USDTI open a short position at such a mark as 32350
Short: 32350
Targets: 30750 - 28850 - 26730 - 24580
Stop Loss: 35500
All traders, please , don't forget for this⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
I ask each of you to consider your own risk and money management. Do not trade with a large "X10-X100" and always place a stop loss.
Dear friends - I am opening a new position in #shorts - this position is very risky, but I enter against the expectations of others.
Our fall is not complete - without volume.
Perhaps I will be wrong for the first time - but I made such a decision for myself.
ETH/USD - Price Trading in Symmetrical triangle pattern.Hello Dear Traders,
ETH is currently forming a symmetrical triangle pattern and looks juicy for breakout.
Watch for the breakout at either side of the triangle and accordingly plan your trades.
Also few points to keep in mind :
1. Be careful of weekend volatility.
2. DXY (U.S Dollar Currency Index) closed bullish (lower time frame) this weekend. As, USD is inversely proportional to ETH's price so be a bit careful.
3. Remember, Top is formed when buyers gets exhausted not when selling starts. We are still bullish in Higher time frame.
LTC / USDT - all targets are achieved. Up trendHello dear friends - LTC coin (litecoin) is under consideration
The coin that follows bitcoin 100%
But, do not forget that this is a promising coin that can give a lot of profit.
And I expect a price reduction (correction) for this coin in the same way as bitcoin.
Of course, you can trade on the breakout of levels, because now what you don't buy is turning green and making a profit.
But for now, I am expecting a correction for the price to go up further.
Yes, this coin, I also buy for a long time, because it is an analogue (bitcoin - gold) lightcoin - silver.
But do not forget that this is a promising coin that can bring great profits.
Bitcoin Nearing Target Date and Time - Pullback ImminentMy current projection exists within the "Price, Time, Pattern" boundaries of analysis. As I see it, geopolitical events (worldwide but especially in the U.S.) are expected to ramp up. Some chaos and civil unrest may ensue. This will greatly impact the broader markets negatively. Bitcoin, which currently rides in tandem with the broader markets, will also become effected. But not to the same degree. More on that in a bit. This aspect of my prediction coincides with the "Time" portion. I expect everything to culminate on or before Jan 6-8 of 2021.
Correlating to the "Time" maker, we are also seeing Pattern(s) on the chart indicating an imminent future reversal: a nearing to the 1.618 Fib marker, ascending wedge, declining bull volume (though great, still declining), and overbought markers on our RSI chart are all indicating at least a short term pull back could be coming.
Though, we are seeing massive amounts of wealth being moved into the crypto market (and it will continue), I do expect a pause of this action coming into January as geopolitical events in the U.S. continue to escalate. Much of the events that are about to take place will catch the majority of Americans by surprise. You will begin to see the VIX (fear index) spike. That will be the trigger alarm for things to come.
If we do begin to draw back, the following price points should be considered for entry or re-entry: 19891, 17146, 12,927. Of course, since the market will be directed mostly by geopolitical events, how low it goes depends largely upon how much fear can be generated by these events and by how much the broader markets are effected. Again, though I do see crypto being impacted, I don't see it being impacted to the same degree, as crypto is now starting to be seen as another safe space for cash.
As always, do NOT ever allow your emotions to sway your trades. Sit back and think this thing out logically, rationally, and reasonably. Crypto is here to stay. And, of course, Bitcoin, the big dog, will continue to lead them all. You are not wrong to stay in the market and HODL. You are also not wrong to begin cashing out on some portion of your investments here if you have been brave enough to hold this long.
No-one knows the future, including me. The insight I give is purely based upon the data that I have aggregated thus far. I use it to help point me towards future events. You don't have to accept it, but I hope you will at least consider it and use it to help you make healthy trading choices into the future.
Happy trading all!
Weekly Watchlist Hi all, I would like to wish you all a Merry Christmas, and with this being the last week of 2020 I wish you all a profitable end to the year. I thought I would share my watchlist for the week ahead and perhaps get some feedback regarding the pairs I will be looking at. Please feel free to share your thoughts and if you want you are more than welcome to ask any questions. Furthermore have an awesome week and stay safe.
short position - will it close or not?Now I do not understand which patterns and charts should be traded. Since I entered a short position, only because the price was at the border of this triangle. and everything, absolutely everything spoke about the reduction of this TF. but how to say - the price just "skyrocketed".
This position has not yet been closed, but with such a trade it can be closed quickly)))))
Why did I enter a short position
1) We had a descending triangle , which at 89% is always punched to the bottom (we hit just 11%)
2) we had a rising channel , which is also impulsively broken down, if there is no volume , and the price is growing
3) sales were overweight, even this growth is a complete deception
4) FOR almost 4 years of my trading, I see such a trade for the first time, because rsi - 84% on the monthly TF.
For all indicators, overbought, only BITCOIN GREEDE is 93% which indicates growth)))))
Growth without any correction to certain values (returns) Not working out the levels, the Order Book flies as if it were not there. The number of longs, uncovered gaps, Breakout of all levels without a 25-30% correction, and much more ...
I am very interested in how much the price will still rise, and what will happen next, I am very interested in the result of this growth, since this is the first time in my life)))))))
I close this deal from the same price of 23830, because I need to rest and gain strength, review the market, and evaluate what is happening in a different way!
Bitcoin Growing UpAs Bitcoin matures we have seen it through it's toddler years and the early adopters. I purchased in 2013 but was not that aware of the potential. Then we experienced the 2017 FOMO run and another collapse as we had a great shake out of the crap altcoins. Now however we have the Banks and Wealthy looking to own BTC. With a breakout of the 20,000 mark there is NO overhead resistance, no old pain waiting for a breakeven. This is blue sky, the banks want in and the wealthy, the masses will be slow and come in late like normal. It will be great if it builds a new bse off the 20K breakout. This will allow a bigger move up. This project to over $32,000 is based on the monthly cup formation and the macd looks strong. I used July with the current sloping trendline and expect it to hit this by year end of 2021 but could be there much sooner.
Why multi-month patterns are more successful (SPOT)It is easy to get caught up in the idea of getting a bunch of small winners is the best way to grow an account. This is because of the rush you get when a win occurs. The more often it happens the better you feel. In reality, this works against the trader's odds because you have to win more often and have to be more accurate. What I want to focus on are the long term patterns. over the course of several months. These trades tend to net more profit and cause less stress for the investor because they take less maintenance and effort to trade. The win ratio can be smaller on these trades because the profit is larger.
This chart of Spotify (SPOT) is a perfect example of a macro (long-term) multi-month chart patterns that paid out huge profits. This ticker has had a history of macro breakouts most recently a few days ago. The price really follows the moving averages well and consolidated under a clear price of 292. There are a few things you want to look for when trading macro patterns.
1. clear support and resistance lines. in this case, 292 is resistance, and 245 is support. These levels are easily marked and tracked. One could even buy at support for these trades and sell closer to resistance.
2. Volume is king. A low volume name is never going to leave its range. SPOT has tons of volume being a tech name that has huge popularity. I usually look for names that have one million in shares volume per day.
3. For a breakout to be confirmed it needs to attempt the resistance price AT LEAST 3 times. The third time is important because it's a psychological tipping point for most traders and algos.
I like to refer to these as layers of probability. The more you have the more likely a trade is to work in your favor.