Quick
BTC big picture playbookDear Patrons,
BTC made an incredible bounce from the double bottom back to the 19000 level. I think that its out of juice for now and will retest the bottom support line. If you have the will, you can always short this and set up a tight stop loss and try to ride it down.
Good luck trading, currently took profits from my double bottom and this is my next move!
Best of luck trading.
Some men fall but they can get up, but when a leaf falls, it gets stepped on.
Thefallingleaf.
Using My strategy to create High Profit backtests ConsistentlyI created a strategy and an alert system based on simple indicators that can produce very high results. I think I am going to start posting some of my results weekly, open for critique. I've actually been using my alerts in the live market, and with pretty good success, but I figure it is always better to have some constructive criticism. I have a ton of experience with my scripts, and I built in a ton of margins for error, so results in real life are actually better than posted.
Not sure if I have a talent, or it is just hours of experience, but I am able to create backtests similar to the one shown in a couple of minutes. The backtest shown is for the past year, from November 2019 to November 2020, and it's on BTC on a 2 hour time frame. Let me know your thoughts on it!
If anyone is interested, I have the strategy open source for everyone to use and to learn from,but my alert system that matches up perfectly with it took some time to build so I kindly ask for $10/month for anyone to use it, BUT I will also send you free configurations to use, similar to the one below, on any coin or any chart that you invest with. I can create great backtests on ANY CHART using my strategy and techniques. I always aim for a mixture of high percent profitability and obviously net profit.
Does anyone have any criticism/doubt/suggestions on my backtest? I'm always looking to learn on how to get better.
GBPUSD - Quick Multiple Timeframe Analysis Hi Traders!
Here is a short mtfa Analyisis.
Let's begin with the Daily:
Here you can see the most important structure: It's the Trendline.
Let's move on to the H4-Timeframe:
There you can see the market was in two consolidation stages.
It broke out of them and is retesting them now.
Now the entry Timeframe:
We enter when the market breaks the high.
The SL is under the Breakout Area.
The TP is at the highest Top.
We recommend to trade the market with a Retest.
Thanks and successful Trading :)!
AUDUSD technicals and fundamentals line up for a buyFundamentally, the USD received a lot of bad news throughout the day greatly affecting price especially in the later half of the trading day. The news led the pair to a high not seen this year. Bulls are looking to maintain strong control. A little fibanocci shows that we can expect price to drop between 0.69850-0.69350 before continuing on the bullish overall trend. The Stochastic oscillator just recently crossed at 80 heading downwards. Depending on trading strategy, one could prepare to sell to the expected fibanocci zone and to the closest medium/strong support. After a brief drop, I'm counting on the pair to continue to higher highs.
~10% 3 weeks or less. GPS Earnings run up.After a recent reversal and a history of higher low support GPS is poised to have a 10% run up into earnings. RSI and Stochastic give additional support.
With a very solid P/E of 6.67, it's one of the lowest in the retail clothes sector. With minimal Debt/Equity of 0.34 and a Current Ratio of 1.50
We can even choose to hold through earnings for additional gains and with an attractive dividend of 5.73%.
GPS is more than just Gap. Their Lulu Lemon-esque brand Athleta is expected to have a record year. Old Navy revenue has also been on the rise.
LTC finds support, bounces off fib level. (4h)On the four hour chart LTC bounced off FIB LVL/BOLLINGER BAND, after this bounce it created an engulfing bullish candle. Im going to wait to see if price falls back to to the lowest descending wick, if it bounces off the wick im buying, if it moves upwards past 10 EMA im also buying.
Peak Resorts soars up 112.75% !!Peak Resorts, a company responsible for operating ski resorts in the Midwest, Mid-Atlantic, Northeast, United States soars up by 112.75%. This sudden rise has been caused from a company called Vali Resorts NYSE:MTN , in which will acquire Peak Resorts for $11.00 a share.
Peak Resorts is currently trading at 10.85 from the time this has published and is speculated to reach up to 11.00. Therefore this is a perfect opportunity to buy long.
It is assumed that all shareholders are happy with the decision. Peak Resorts in comparison to Vali Resorts is far larger and has gained larger revenue within the same similar time period that both companies began, in 1997.
AION/BTC (Binance) Opportunity for a quick <18.38% scalpThis is my second published TA. I am very much a noob but I seem to be picking it up quick enough. My first few trades were successful and profitable so I decided to publish my fourth one for you guys. My strategy is to find quick and relatively risk free scalps and get in/get out as quick as possible.
I am very much open to constructive criticism and/or feedback and would very much appreciate it!
As long as Bitcoin doesn't do anything crazy I'm expecting AION to run well, and soon. I haven't bought yet but I'm keeping a close eye. If it manages to turn 250 Sats into a support I will be looking to buy.
BuyZone - 250-260 Sats.
Safe Sell - 268 Sats - (7.52%)
First Target - 274 Sats - (9.82%)
Second Target - 281 Sats - (12.19%)
Third Target - 296 Sats - (18.38%)
Stop Loss - 234 Sats (Potential loss of 6.18% if bought at 250).
Personally I'll be looking to buy at 250 Sats and selling at the first target of 274 Sats for a quick 9.82%.
Depending on how hard it pumps I may let it run and set staggered stop losses.
Follow me on Twitter @SirSaltyThe1st.
Good luck!