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Rally

The less sense it makes the better ! ! !Everybody is waiting to short S&P 500 because of covid consequence worldwide. 1. More people play the markets today than a year ago 2. More people are waiting to short the index than a year ago Everyone playing the markets long enough is seeking for revenge for 2 simple reasons 1. Exited the market too soon 2. Missed the market rally Of all the people being playing this 11 year bull market most of them missed the latest rally and now are pissed and looking to SHORT!SHORT!SHORT! Forget about it! why? because you all think about it...
SP:SPXLong
by Philoslother
Tesla - great example of buy on fear and sell on greed? Let seeTesla news everywhere last week with their stock price smashing through 2000. Will it keep going up I read? Shall I buy now? Is it too late to jump in now? Who know.... nobody knows. But to me, as soon as the news starts talking about it the fear and greed scenario could kick in - just like BTC at 20k? The people late to the party will jump in and then panic sell if there is a short term sell off ... potentially. Anyway, it could keep going up for sure - until we see any signs of rejection the trend is still up! What goes up - does NOT have to come down, why? Because it can keep going up first. Anyway, stick to your own plan and strategy and always focus on your risk management. Check out the book we recommend to help keep your emotions in check and trade fearlessly. Over and out. Darren
NASDAQ:TSLA
by pow_removetheguesswork
USDCAD Key Support|Bullish Divergence|Local Resistance|.618 Fib Evening Traders, Today’s Analysis – USDCAD – strong sell off leading the market to oversold conditions, a bounce is probable into local resistance. Points to consider, - Impulse sell relief rally - Structural support respected - Local resistance (immediate target) - Oscillators diverging - Volume below average USDCAD’s immediate trend is bearish with an impulse sell into a key level, structural support that is holding true. A relief rally is probable into local resistance – backed by a valid double bullish divergence. As both oscillators are diverging from price, this indicates buy momentum coming into the market. Current volume node is below average, an influx is highly probable upon a back test of the .618 Fibonacci. Follow through will be needed to reach local resistance target. Overall, in my opinion, USDCAD is a valid long with defined risk. The market is due for a relief rally; price action is to be used upon discretion/ management of the trade. What are your thoughts? Thank you for following my work! And remember, “The expectation that you bring with you in trading is often the greatest obstacle you will encounter.” ― Yvan Byeajee
Long
by AzizKhanZamani
BTC updated longterm chart: Back to 1000Ok, BTC has unfortunately chosen. The weekly candle has closed below the weekly MA200, and that is a very bearish sign. Turns out, the people that hoped for an ABC type correction were right after all. But ok, this is due to the unique macro-economic events that are basically leading the whole world into a recession. Without that event, I think BTC would not have gone below the MA200. In any case, this now means that the bearmarket will be long and brutal. And new all time highs will take a lot longer to unfold. It means also that the longterm trend is NOT a sqrt any more. I drew by free hand a curved support line that somehow fits. This is not the old sqrt trend any more. The support is around 1000. This means, we could even see BTC flash crash into 3 digit territory again. The low will happen in about 12 months plusminus a few months. At least this will present an absolutely unique buying opportunity. Buying BTC around 1000 is a new chance for everyone that missed the boat in 2015-2017. However, it will require a lot of patience, since the ATH will be reached in 2023, even early 2024 possible. It will be some brutal years, if no miracle happpens. And by that I mean that by some miraculous event, the world markets recover, and everything is fine again, which let's be realistic will not happen. Instead, we probably will see a brutal recession, duration around 2 years. So yes, these are my current thoughts. This global crisis has destroyed the longterm btc growth trend. Many will be totally disillusioned, many will think BTC is dead. Even many old school BTC people. Many will quit, like back in 2014-15. I still remember how almost everyone thought btc was done for. The same will happen again. Total disillusionment. And then suddenly, no one will expect it any more, btc will rise again. And it will be EPIC.
BNC:BLXShort
by SebastianofMoon
38
ABR on an even stronger recovery from MarchHello Traders! Supported by ascending support, a MACD that has just crossed over the 9 EMA, an optimistic RSI, and the 50 SMA crossing over the 100 SMA, the price of ABR has just broken through a descending resistance. If you should still don't trust this extraordinary accumulation of strong bullish signals, wait for the price to cross over the 200 SMA, but such momentum isn't stopped easily. I am absolutely certain that the price will cross over the 11.77 support/resistance, and it will most likely reach the second goal at 13.57 with ease as well. The price reaching the 15.42 resistance will eventually happen, but most likely on the next rally. VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas. Please, maintain proper position sizing and risk management!
NYSE:ABRLong
by vf_investment
ETH/USD - Mini-rally and possible outcomesHello, Traders! One of the suggested reasons why this mini-rally has taken place was because of the soon to be released ETH2.0. With the new ETH event set to take place by the end of 2020, the cryptocurrency community is getting excited over the new possibilities which ETH2.0 offers. One of the main features of ETH2.0 is increased scalability. Scalability is still a significant issue for Ethereum, with major network issues occurring during the ETH bull run in 2017/2018. However, the new updates for ETH which have been in the works for years are said to solve this problem through ETH sharing. As can be demonstrated above, ETH broke positively out of an ascending triangle formation. This formation had formed over 72 days and has numerous points of contact – increasing the validation of the triangle. The price is still bullish, so if you haven't bought ETH yet, you still have time, yet, remember the bullish targets to watch out for. The bullish target is 328 USD. The first bearish target is $288 USD. This would be a simple retracement to test the support. A move down to $288 is definitely possible although would go against the current ETH indicators. The second bearish target is $246 USD. The likelihood of this occurring is very low, it goes against the indicators and formations. Watch out for the market and good luck! P.S. Did you buy any ETH recently?
KRAKEN:ETHUSD
by UnknownUnicorn10064030
1
AAT bullish triangle breakout, start of a new rallyHello Traders! AAT has recently broken out of its descending triangle bullishly. Since the 50 SMA just crossed over the 100 SMA, the MACD has crossed over the 9 EMA and the RSI is looking optimistic, we can expect another rally to come quite soon. The buy signal is the price crossing over both the 50 and the 100 SMA and it will rise to the first goal (the 29.33 support/resistance) without a doubt. I am fairly confident that the price will reach the second goal (the 34.89 support/resistance) without much of a struggle, as long as the 200 SMA doesn't interfere, since it might offer a stronger resistance. VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas. Please, maintain proper position sizing and risk management!
NYSE:AATLong
by vf_investment
If BTC breaks logarithmic resistance, the big rally starts.This is it ladies and gentlemen. The moment we've been waiting for since late 2017. The multi year bullish flag is nearing the end. The moment of decision has come. A possible cup and handle and strong buys could lead to BTC breaking the 3 year downtrend resistance line. If that happens, then the next bull cycle officially begins. It will lead to 20k this year, and to new all time highs next year. The target remains at around 100k, possibly more with luck. DXY is falling, inflation rising, gold also pumping, macr-economically everything aligns perfectly. Then also halving still in play. Also, number of daily transactions rising sharply. Fasten your seatbelts, because if we go over 10.5k, this is it. Then it has started.
Editors' picks
BITSTAMP:BTCUSDLong
by SebastianofMoon
120
Today is a Great Day to Hold + Buy DipsRight now people are unnecessarily panic selling stuff they likely don't need to panic sale. As Buffet says, the stock market is a tool for transferring money from the impatient to the patient. Today is a great day to buy dips, diversify and strategically invest so when the market rallies you can thank yourself later rather than unnecessarily panic selling stuff in ways where you can lose thousands upon thousands of dollars. That being said, everything I say is on the basis of opinion. Invest at your own risk and do your own due diligence.
ULong
by gamer456148
LONG AMD 2.5-4week 5th wave rally upcomingAMD: Current price $53.50. Target $66.00. On AMD we see incredibly powerful potential for massive swing upwards into a symmetrical triangle thrust to a target of $66.00 within the next month. After a rapid "COVID Crash" recovery into almost making new ATH AMD lost all momentum mid May. The price action has mostly existed within a contracting range since, apart from wicks and failed premature breakouts. After completing it's 3rd touch amidst these walls price crept up the support line finding no sellers and only "Fakeouts" to the downside. On June 9th after all the tension the price exploded upwards completing the 4th touch and for a day kept going, almost as if a total breakout was imminent. Then the very next day the price was taken all the way back to the support trendline , completing the 5th and what I believe to be the final touch before the next major wave upwards.
NASDAQ:AMDLong
by NewNewAnalysis