Bearish BTC potential reversal and or continuation XtradesWith lower highs we have a bearish continuation pattern. Daily candles broke the bear trend but we don't have a confirmation candle of the move and we haven't change patterns to a bullish pattern so still playing some shorts mixed with my longs on tickers like RIOT and MARA.
SOS
Part 3 of the 1 hour chart and what im seeingWe see we have strong resistance at the $5.20 mark. Good to see we broke through the $6 with ease which is good. That $6.55 is showing strong resistance but if we break through it we should see $7 again.
Im not a professional and open to your thoughts and ideas.
Updated SOS quick analysis Yesterdays chat was exactly how i predicted lucky I took my full 100% profit at $7. I did buy in at $6 but we could be going down lower from this point, not because of the stock itself but the volatile market at the moment. I will be watching pre market closely before making any rash decisions. would like to end this week above $6.80 to give me some indication we are still safe.
I did put a stop sale on my chart but i might not use it only because I am ready with cash to buy dips if required.
I am not a professional just learning as I go and open to your opinion.
SOS 3/22/2021Bit of a slow day in the markets today. + BTC down 5%
The trend still follows and we have yet to hear news on the 3rd set of mining rigs.
Oversold today (-10%) so expect there to be a bit of a rebound tomorrow if everything is perfect. I'm still holding long on this stock. We can't expect crazy things to happen within the next month but we sure as heck seeing an upside but look at this as an opportunity for an options swing trade.
Another SOS Speculation 03/16/2021Good afternoon to everyone on the west coast and good evening to everybody on the east! Wow aren't we looking bullish today. Like I mentioned yesterday, as expected, there was going to be a minor pull back today. I sold my options this morning, and bought back in at a lower price closer to around noon (west coast time).
For today's analysis, I am going to be using the simple moving average (SMA) lines as resistant points.
The Red line indicates the 20 day moving average, yellow 50, and green for 200.
Yesterday the 20 day moving average crossed above the 200 day moving average which is how we saw that push in price and volume.
The second thing I watched out for is what I like to call "confirmation" and that's when the 50 day average also crosses above the 200 day average. And well, as you can see on the my chart here, we are pretty much there. We are looking bullish.
Remember to always practice risk management by setting up losses, or hedging when the market moves against your favor because with many things in life -- anything can happen.
Anyway, if you read this far and enjoyed my analysis, feel free to follow me as I will continue to observe SOS daily.