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ETH/USD Short?Downtrend Fibonacci's: Yellow Fib: Resistance Zone to R/S Zone Blue Fib: Resistance Zone to Support Zone Uptrend Fibonacci's: Red Fib: R/S Zone to Resistance Zone Cyan Fib: Support Zone to Resistance Zone Analysis: I think ETH will lose its steam soon. In my eyes, price is currently testing the R/S Zone. The previous high wasn't broken. I believe price will reach the 61.80 to 100% on the Yellow Fib. If lucky, price will proceed to the 61.80/100% marks on the Blue Fib. I sold because price hit the 61.80/100% zones on both the cyan and the red Fib. Usually price either hits the 61.80 - 100% and retraces the previous trend. On the red Fib, price hit 100% and since it hit, price has been testing the support. I got in a little late but I have a good feeling about this. Strike Prices: (1324 - 1045)
KRAKEN:ETHUSDShort
by Redimere_91
BTC Longshot?Uptrend Fibonnacci's: Yellow Fib: Current Support to 2nd Resistance Zone Blue Fib: Current Support to 1st Resistance Zone Downtrend Fibonnacci's: Red Fib: 1st Resistance Zone to 2nd Support Zone Cyan Fib: 2nd Resistance Zone to 1st Support Zone Analysis: I hate to hop in on positions that are being highly discussed. On the last markup of my page I said that it will test the support in which it did. I also said that it could bounce back down to historic lows. It still could but I don't think the hype will calm down. Doge is on a hotstreak but BTC will still hold supreme in this era. Price is currently in the 1st support zone. Usually around this area, price either dips further or it bounces up right away. It's a matter of when at this point. As previously stated, price could also test the 2nd support zone before shooting back up to test the 1st or 2nd resistance zone. I hope it breaks the 40's and continue to go up. Im HODL I use the 61.80% & 100% spots of the Fib because I feel that those are key spots for retracements. Strike Prices: 36329 - 41801 within a week or 2.
BITSTAMP:BTCUSDLong
by Redimere_91
Stocks To Watch This WeekThe Bull Market is strong, this week I expect the market to by choppy. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 34 total stocks on this list. I add an additional 2 stocks that are on my potential short squeeze watch list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
NYSE:ARCHLong
by Jtacher51
13
BTC bitcoin. Help for hodlers moonboys & doomboysIts called a range. If you wanna trade a breakout move you have to wait it out or find a way to profit off a range. These are camarilla pivots. your range is clearly show and your targets. How to use this info? If you want to long or short a range reversal at H/L3 target the 3 on other side and beyond. stoploss at the H/L4 just above or below your entry on rejection or loss of the 3. If you wanna play a range break with a confirmation. wait for H/L4 to be broke on preferably a 3hour or more unless volume is nice. target is H/L 5-6 with your stoploss at the H/L3 on the side you took your trade in. Good luck. Nothing confirmed until this step first taken. Enjoy.
by Gunslinger2005
1
GBP/NZD Post Brexit Hike?I've been reading about the Brexit deal. Pick one winner...UK or EU? Right now I would say UK...seems like since the deal closed the GBP has gained strength. I'm sure the UK is happy about leaving the EU partnership. They can operate on their own terms and trade tax free and without quota. "The agreement between the EU and UK on a new partnership sets out the new rules that apply as of 1 January 2021 in the relationship between the EU and the UK. It covers areas such as: trade in goods and services; a level playing field; fisheries; aviation and road transport; social security; UK participation in EU programmes; internal security." (website) None of my analysis are fact. I do believe that the UK will eventually get stronger with the Brexit deal being done. Yet, it will take some time. My technical analysis tells me that price may drop a little more into the support zone (1.86-1.82) before it tests 50%-61.80% retracement of the previous high of the 2.0's (1.96-1.94) and price did hit this range last August. Price broke the current resistance zone in April of '20 and shot back down to the current support zone. Somebody tell me why it wouldn't test the most recent high at some point? Boris Johnson might be related to Magic Johnson the way he may pull this off for the UK!
Long
by Redimere_91
Virgin Galactic Holdings Going to the Moon?Imagine recreational space flights available to the community....yea you heard that right! Imagine over 400 flights throughout the year serviced to people that looks like you and me! .....Exactly why I'm going all in on this company! I do believe aliens are real and I feel that there is always more to be desired within the human race and I only see a bullish future for this space company especially considering this is a first within the intergalactic community with hopes of giving a recreational experience to interested minds. Space exploration is key and I feel like this company will thrive in space travel for the average consumer. This company will help the society tenfold simply off the ability to conveniently launch trips for leisure as well as research. I see a very bright future for this company! I bought 2 shares @ $23. Price is at $27.56 now and in my opinion...it will continue to thrive upwards. Seems as if price is currently breaking through a resistance zone between $21-$27 and should turn the current resistance into a new support. Based off of the stochastic RSI, it looks like there has been a dip on the daily time frame. I have price at least retracing 50-61.80% of the previous high which mean that price should at least test or surpass the range of $29-$30. I truly feel like this stock will continue to rise. I do feel that price will break through Feb '20 high of $40...Let's see what happens. I'm no expert. Simply an amateur trader! Let me know what you think!
NYSE:SPCELong
by Redimere_91
6
IMAX Value to Rise?I'm feeling quite hopeful about the movie industry. Having stock in AMC made me think about finding a more relatable company that does more than simply house in seats for the newest movie. This led me to doing some research on IMAX. I bought in at $14.77 after reading their recent quarter reports. Some of the things I like about the potential upswing or hike in value in years to come: 1. Expansion - They are stretched between 82 countries with China being its strongest market. 2. 73% of it' network is based in International Markets. Tells me that there is some sustainability with COVID going on since different countries are handling it different. 3. Release of IMAX Enhanced which helps the streaming momentum that has taken place. 4. 10 IMAX systems signed in 3rd Q 2020 despite theatre closings. 5. 23 new installation in Q3 2020. 6. The fact that they have more than just one product line. They aren't only about housing seats. They work with the industry itself and has the innovative technology that filmakers need in this industry. I took a chance on this....bought 1 share but I can see price hitting $20-$26 dollars which would mean that it will have tested the resistance zone #1. Reaching resistance zone #2 would be a miracle.
NYSE:IMAXLong
by Redimere_91
2
XAUUSD Bullish PerspectiveBrief Notes: 1. USD is failing. I feel that it will gain back some strength in 2021. However, Gold is being valued more globally in my personal opinion. 2. Price point has been flagging down since August '20. Won't flag down forever. 3. COVID uncertainty mixed with technological developments from society in general tells me that this could be a good sign for commodity market. 4. Seems like price has rejected the new support between 1805-1750 and will shoot towards the new resistance. 5. Price should test at least 50% of the most recent trend upwards. However, I personally feel that price will break through the 50% and 61.80% and should test the $20K range at some point this year. Let me know your thoughts. Not an expert. Just a hobby.
OANDA:XAUUSDLong
by Redimere_91
2