Spot
💿 Anybody Use CDs Anymore? (SPOT)🤔 Very critical crossroads of two major support levels for streaming platform Spotify.
Key focus is the red circle, 177.94. If broke I'd look to short as that would break horizontal and upward channel support. Could lead to a drop towards 156.
I would watch this on a 3 hour timeframe to see if it wants to curl or break based on the Crossover strategy and the ema dots indicator. Pat attention to the candle, engulfing vs doji will show you what to play.
If curls and Crossover take place we look to move towards the top of the channel towards first level of 195.47. We test that for a breakout to go to new highs.
Best of luck to you! 🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
Buy BTC on Spot Helper - All years above BTC holdI will tell you about my new script that will help you to have a more appropriate risk management if you are a BTC holder
The Buy Helper is specially designed for users who want to invest in BTC in the long term.
Usually you will make about 20-25 trades per year in spot trading.
You do not need a margin account or understand anything about trading.
Just follow the "BUY" and "To usd" signals to make sure you are on trend when BTC goes up but also take profit when BTC starts going down.
This simple tool has beaten the HOLD in all the years tested, also in bull trend or bear trend.
We'll develop this better.
#*****************************************************************************************************************************************************************************
# General stats from 2017 to 2020 are in the bottom, These are:
#
# - 10523% Gains (compound)
# - 72 transactions
# - 3.733 Profit Factor
# - 15.19% Max drawdown
#
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The year-by-year analysis is very interesting:
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# 2017 HOLD result
#
# +1254%
#
#
# Buy helper 2017 results:
#
# - +1287 % Gains
# - 19 transactions
# - 11% max drawdown
#
#
# The 2017 profits are very similar, so you can expect similar win in next bull run.
#This is something you'd expect, but it's hard to get in a bot.
#
#*****************************************************************************************************************************************************************************
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# 2018 Hold Result
#
# -71%
#
#
# Buy helper 2018 results:
#
# - +69.3% Gains
# - 21 transactions
# - 10.7% max drawdown
#
# These results are particularly impressive. In a year in which BTC declined 72% and with a strategy of only LONG,
# that is, without being able to take profit from the crashes,
# we were able to finish the year with more than 69% of the money we made on the 2017 bull run.
#*****************************************************************************************************************************************************************************
#*****************************************************************************************************************************************************************************
# 2019 Hold Result
#
# +94%
#
#
# Buy helper 2019 results:
#
# - +225% Gains
# - 19 transactions
# - 7.4% max drawdown
#
# In 2019 with the buy helper you gained 2.4 times the performance of hold BTC
#*****************************************************************************************************************************************************************************
#*****************************************************************************************************************************************************************************
# 2020 Hold Result
#
# +24.5%
#
#
# Buy helper 2020 results:
#
# - +43.4% Gains
# - 11 transactions
# - 13.68% max drawdown
#
# In 2020 with the buy helper you gained +80% the performance of hold BTC
#*****************************************************************************************************************************************************************************
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For more information or to know how to access this script or configure a bot for it, contact me through my social network links in my profile
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XAUUSD Gold is a little complicated last days as we can see no clear movements. Just collecting stop losses for sure. I saw this wedge pattern tell me what u think. Direction is not clear at this moment could go both ways. My opinion is Upside cause of overall trend since February.
Tell me your thoughts
Effectiveness of OKB 20% off activity ending, can expect more?www.tradingview.com
Yesterday when sharing the opinion in Telegram, many guys ask more about the activity can make any kind of affect to the trend of OKB, so my answer is still unchanged, a short term affect which can bee seen on the chart that price rised to almost $4.8 in just few hours, but the continuous long upper shadow also indicates that most buyers sell their OKB at once after the activity is ending, led the price fell down immediately.
In next 4~6hours, many investors who become the offerees push the price up again but obviously, the strength can't push the price to create a new high, now the the reason why price still keep above $4.68 is because the rest of the investors who still held after bought yesterday and the offerees. They support the price in order to prevent lossing, in fact, the market is giving the signal that a new high is almost impossible to create in short term, and the effective of this activity has been almost disappeared.
My suggestion is that to buy 10%~20% of your account at $4.62, then if price continue to pullback, can buy another 20% around $4.42. This is a method of buying at crucial support positions.
UraniumThis looks like the real thing to me Fam, Im thinking the COVID 19 shut down will send spot uranium back into a bull market or at least be a catalyst that starts a new bull market.
COPPER OUTLOOK - XCUUSDCopper has been trading in a bearish channel since 2011 right after bouncing off from the ascending resistance of the ultimate bullish channel. The first corrective wave in the blue bearish channel ended last year and price failed to break out to the upside.
A critical price level has been broken and this will potentially expose the copper price to a further downside. I had forecast this short setup last year and I have now updated my chart.
My first and second price target at $2.32/lb and $1.98/lb respectively were successfully achieved last week. If price breaks my 161.8% fib level, I expect price to reach my third target at $1.29/lb.
Two possible Scenarios on Gold (XAUUSD / Short Term)Good Morning Traders
Here e short Analysis on the XAUUSD Chart.
Scenario 1 (More Likely)
If we see a Breaktout from the triangle over 1702
BUY to 1709 -> Normaly a ascending
triangle ends with a BUY so the chance of a break with BUY are likely by 75%
TP1:
Scenario 2:
If Breakout from Triangle Happens = Short to 1690
If it stays below 1690, further Short to 1682
TP1: "1690"
TP2: "1682"
RSI: 61
But careful with short -> Bad market and new Coronavirus cases all over the world.
Oh SPOTIFY you are not looking goodLook Daily under 200 EMA
20 will be crossing 50 EMA
Look what happened around late August.
ER whispers around the block not sounding the best.
Am Short. Look at the strong support Nov 18' & May 19' where there is ALSO a gap that can be filled around 120. That's my target.
Thanks for listening.
Oil post-rebound long.Using a 3x ETF to long crude oil, playing this bullish retest, if a bit sloppy, of both trend and leveling, picking up here for a high r/r buy spot.
No time constraint, but will cut if no trending to upside by EOQ1.
Orange horizontals are daily gaps, yet to be filled.
BITCOIN BTC SPOT Long Term forecast New Cycle (Bull Market)TA to look into optimized buy price and long term sell target
Opinions are my own, this is just an idea/forecast to be validated / invalidated by the market price action, not a guarantee of future return or investment advice by any mean, you are responsible of your own analysis, own decisions and outcomes
Always remember investing in Cryptocurrencies is very speculative and highly risky, only invest what you can afford and with a sound plan
BITSTAMP:BTCUSD
Margin Traders Anticipating and Riding Well Latest Bull MoveAs reported by spot vs margin volume indicator, traders' will to go long started 12-16 hours before yesterday's drop (1), likely betting on a 0.618 fib bounce. It happened swiftly after fib touch, with huge spot / exchange volumes kicking in, most in a single 1 min candle.
Shorters have contributed to the move with some good amounts of closings (2), aka short-squeeze. Short closings w/ claim transactions (3) were also substantial, and had no subsequent spot follow-throughs.
The rise gives bulls extra hope. But Bitcoin still needs substantial additional volume if it is to overcome the bearish structures configured above.
For the short-term, if it manages to break some of the downtrend, we can expect a rise to around 8 to 8.3k levels.
Trade well. Trade safely. Stay in the game.
Best,
PhinkTrade