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Facebook short just alerted 📉👍Entry details are shown on the chart. We are working the M30 time frame on this strategy. We're only looking for the green line which is take profit target. Trade history can be seen below this trade idea too for full transparency. Previous trade is also shown on the chart. That trade was a long trade which has closed for profit on short signal presenting. The latest short trade has only just alerted at time of writing this idea. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
NASDAQ:METAShort
by pow_removetheguesswork
TCEHY SELL/SHORT to 53.85 (BUY ENTRY) TICKER CODE: TCEHY Company Name: TENCENT HOLDINGS LIMITED Industry: US Stocks OTC Position Proposed: BUY Entry: NOT READY (52.70-53.85) 1st Partial Take Profit: 112.30 (April-May 2024) 2nd Partial Take Profit: 148.55 (October-November 2024) Stop Loss: 44.90 Technical Analysis 1. Head & Shoulders (Potentially forming Head) 2. Double Bottom (Potentially forming; via Mirror) 3. Fibonacci Retracement at structure level 4. Safe Take Profit at Fibonacci Extension level 1.0 (Grey Zone)
OTC:TCEHYShort
by traderprosignals
S&P 500 Hits New All TIme High After Bouncing at Support!Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. In my last post on the S&P 500 (in related ideas below), I noted that the S&P500 index was testing trendline support after failing to make a new All Time High and how this fall coincided with Bitcoin's fall in price over the past week. In that post, the S&P500 was exactly at trendline support, and I mentioned that the next daily close would be very important in determining the next move in the stock markets, and therefore other assets such as Bitcoin, namely that if we closed below the trendline it would be bearish and if we had a bullish reversal pattern, it would be bullish. The following daily close was a bullish engulfing candle, which showed that the trendline still held as support. Indeed, after the bullish engulfing candle, the S&P500 index had a slight rally so far and put in a new all time high, and is still putting in new alltimehighs as of time of writing this post. Indeed, Bitcoin has followed this move up in the past couple of days, reaching as high as 35.5K after bottoming at 28.8K. We are seeing a slight divergence between the S&P500 and Bitcoin at the moment, however, as while the S&P500 is creating new alltimehighs, Bitcoin has been slightly retracing, trading at 32.8K after topping out at 35.5K. Let's monitor to see if the the correlation between the two will again bring the two back together, with either S&P500 dropping or Bitcoin rallying to match S&P500's bullishness, OR if the two will continue to diverge with S&P500 rallying while Bitcoin slides. I will keep monitoring and updating as the market unfolds. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
SP:SPXLong
by cryptotraderog
3
BAC BUY/LONG 43++ to 50++ AUG2021 TICKER CODE: BAC Company Name: BANK OF AMERICA CORPORATION Industry: US Stocks Finance Major Banks Position Proposed: NOW READY 39.86 Entry: 1st Partial Take Profit: 43.00-43.45 (JUL21) 2nd Partial Take Profit: 49.60-50.04 (AUG21) NEXT BUY ENTRY: 33.02 Stop Loss: 31.95 Technical Analysis 1. Broke through EMA 2. Ascending Wedge (Partially completed) 3. RSI Oversold 4. Area of Confluence 5. Fibonacci Retracement near 0.618 and at next market structure
NYSE:BACLong
by traderprosignals
2
S&P 500 / SPY Breaks Down to Support, Bounce or Larger Crash?The S&P 500 has broken down to trendline support after a failed breakout at 4240. The SPY index formed a high at 4238 and tried to break it at 4255, but failed to hold above that alltimehigh. It is now testing trendline support, and the question is whether price will bounce here at support or will support fail to hold and thus lead to a much larger correction. Part of the reason that I'm looking at the S&P500 even though I mostly focus on Bitcoin and cryptocurrencies is that the correlation between the two has recently been quite high, and they have both been retracing in the past few days, so a recovery in the S&P500 could also bode well for a recovery in Bitcoin and the wider cryptoassets. The key level to watch is 4175. If this level holds, then we remain above the trendline and can expect another leg up. If we close below 4175, then be prepared for some volatility upon trendline break as we might have formed a double top, which will likely also trickle over to Bitcoin and other risk-on assets as well. Of course, it's possible that what we are seeing is similar to what we saw back in March, when price failed to hold a higher high, broke down a bit, and then rallied higher. If price does break down, then the 200 day moving average at 3900 should serve as ultimate support, though I'd think that the Biden administration and the Federal Reserve would have stepped in before that happens.
SP:SPXShort
by cryptotraderog
7
Symmetrical Triangle for Bursa KLCI! Bull or Bear?14th June 2021 The FBM KLCI finished 0.46% or 7.3 points higher at 1,582.46 in line with gains in regional markets. It a good start to the week but also a challenging week. The local political front, uncertain over the outcome from the Agong's meeting with the council of rulers this Wednesday, expect investors to stay sideline waiting for the final outcome. The KLCI weekly chart, it showing a Symmetrical Triangle . Pray hard to coming Wednesday something positive after the Agong's meeting, most likely the KLCI index would challenge Resistance 1,600 point. But if negative, Index could break Symmetrical Triangle support and go hovering at 1,540-1,550 points.
FTSEMYX:FBMKLCI
by TaylerLoh
S&P500 still looking bullishIn terms of the global economy the flood of liquidity and government aid has been papering over the cracks which I don't know when or whether they are going to break. The situation isn't pretty, yet the markets don't really seem to be worried about anything long term. Inflation doesn't seem to be that much of an issue yet and markets just keep going higher thanks to the liquidity injections, people having more access and overall the bubble doesn't seem to over. For the SPX500 a dip to 3990 would be very healthy and a great buying the dip opportunity, although it might come after we touch the top diagonal first and currently SPX is bullish across all timeframes and still sitting above support very nicely. I'll create some ideas pretty soon supporting this one regarding other asset classes that people might find interesting so stay tuned! The bull market in stocks is getting stretched and there are some signs of weakness in some, but there aren't signs of extreme froth either. I've been very big on the idea that the bull isn't over and won't be over any time soon, although a 15-20% correction probably isn't far away. So far corrections have been very shallow and in my opinion we'll get a big drop at some point. For now though everything looks pretty bullish. Chinese stocks have shown significant strength and they have held their bullish structure. A little dip from here would be ideal for going long. Russell 2000 and Nikkei have been extremely weak, but I am still not sold on the idea that they will go into a large dip soon. The Nasdaq 100 is looking weak, yet I see nothing worrying. The DAX has been one of the most bullish ones along with other European indices, however it is one of those that worry me a little bit more in the short term as every time it broke above ATHs it then collapsed and currently it has a bit of
FX:SPX500
by BitcoinMacro
AMC Stock up 3,000%!What is going on with AMC Entertainment? I'm sure you've heard the news: Defying all forms of fundamental analysis and business logic, AMC Entertainment AMC once again finds itself climbing higher. AMC is up 200% advance since last week and almost 3,000% since the beginning of the year. This is another coordinated short squeeze event by retail investors - especially the users of the Reddit Forum /WallStreetBets or "Apes" - as they call themselves. Back in January, AMC Entertainment and fellow Meme Stock, GameStop GME , were the focus of an attack on institutions and hedge funds that held substantial short positions in the stocks. "Being short" means that the investor believes that the price of the stock will fall and that the underlying business does not deserve its current valuation. A short squeeze occurs when the price of a stock climbs and goes against the short position, forcing the short sellers to buy existing shares to "cover" their positions. When a stock has an unusually high short percentage, like AMC and GameStop, investors can actually force the price to go higher by buying up shares at the current price. From there, it is simple economics: the supply of shares falls as the demand increases, driving the price of the equity higher. Just exactly how much have short-sellers lost on AMC? On Wednesday, June 1st, short-sellers betting against AMC lost $2.8 billion, bringing their year-to-date losses to more than $5 billion, according to S3 Partners. The idea of short squeezing these stocks was fueled on social media, Reddit to be exact. The subreddit r/WallStreetBets made AMC and GameStop its darlings, and along the way has amassed an army of Apes numbering over 10 million. Since then, the hashtag #SqueezeAMC has trended all over the internet. Daily trading volume for AMC has topped a staggering 650 million shares over the past few trading sessions, indicating that retail investors are all in! Why Is AMC Stock So High? Mark Twain once said, "history does not repeat itself, but it often rhymes" . AMC and GameStop are once again being squeeze by r/WallStreetBets and other traders that are growing tired of the market manipulation by institutions like hedge funds. There are other catalysts as well though, including the great re-opening following the COVID-19 pandemic. AMC operates nearly 1,000 movie theaters around the world and announced that all of its U.S. locations are back open following an aggressive vaccination rollout. Early indications from both the Easter and Memorial Day long weekends are that movie fans are ready to return to theaters. We are also nearing the summer blockbuster season that will see the return of big-name movies like Space Jam 2, F9 the latest Fast and the Furious movie, and the Suicide Squad sequel. Who is buying AMC stock? AMC CEO Adam Aron is a genius: He has also been hitting all the right notes with investors. Here are just 2 examples: 1.) Aron famously announced that AMC Entertainment was “under attack” by short-sellers, which served as a rallying cry for WallStreetBets. 2.) He additionally revealed that retail investors "own more than 80%" of the company at the last count, meaning a non-institutional base now owns a super-majority of AMC shares. At the last earnings call. he said: "We work for them. I work for them... and their ambitions and passions are important to me." 3.) And yesterday, he was announcing plans that AMC investors will be rewarded with special screenings and free popcorn. Contrast that with ex-GameStop CEO George Sherman, who stayed largely quiet while his company's stock price soared in late January. Did AMC Sell More Shares? Recently, AMC Entertainment sold 8.5 million shares to an investment firm called Mudrick Capital, which helped the company raise about $230 million. Shares surged 20% after this news. Interestingly enough, on the next trading day, shareholder Mudrick Capital turned around and sold all those shares for a quick profit. Mudrick stated that the stock was now overvalued, and given the recent volatility, it's hard to fault them. Had Mudrick held onto the shares, they would now be worth well over $500 million. This morning, June 3rd, AMC announced that it filed for additional share offerings with the SEC. They said it may sell some of the 11 million shares “from time to time.” Apparently, that time was now as it completed the offering in about three hours. AMC said it sold 11.55 million shares at an average price of approximately $50.85 per share - bringing in an additional $587.4 million. This is on top of the $658.5 million already raised this quarter, resulting in a total equity raise in the second quarter of $1.246 billion. What's The Highest AMC Stock Has Been? Yesterday, on June 2nd, AMC rallied an unimaginable 95% to close the trading session at over $72.62 per share, which is the higher it has ever been. AMC has now gained 3000% year to date, which is a clear illustration of the current hysteria surrounding the stock. AMC has now surpassed GameStop's market cap, and is clearly the new favorite stock of WallStreetBets. How High Will It Go? Can AMC really hit 100,000? Nobody actually knows! Any guess is pure speculation right now, so please do not take anyone's word for an actual price target. A short squeeze like this is a ticking timebomb, and as we saw in January, the downside comes harder and faster than the ride up. If you do a quick scan of social media, you will find price targets of anywhere from $100 to $100,000 per share. Remember, it is all speculation, and there are many people who will take advantage of investors feeling FOMO, by pumping out inaccurate information. Let's take the popular figure of $100,000 per share as an example. There are 498 million shares outstanding for AMC. Simple market cap calculation would place the value of AMC at about $50 trillion, or more than the entire S&P 500 index, which is valued at about $35 trillion right now. Before we talk about whether you should be investing in AMC or not, let's talk about the fundamentals: Is AMC losing money? Yes. 2020 was tough for AMC: The company lost 4.5 Billion Dollars. AMC is in a tough position: During the pandemic in 2020, streaming services like Netflix, Disney+, Amazon Prime, Hulu and others gained a lot of momentum. And many people upgraded their home theaters. But with the cash infusion of more than $1.2 Billon, AMC can buy up their competitors, upgrade their theaters and invest in their growth. And as COVID restrictions are being lifted in the US, people are ready to get "back to normal" , and this includes visiting theaters. So AMC could be in a good position to stay in business. Will AMC go up tomorrow? Who knows? In their SEC filings, the company said: "We believe that the recent volatility and our current market prices reflect market and trading dynamics unrelated to our underlying business, and we do not know how long these dynamics will last." And AMC CEO Adam Aron warns: "Under the circumstances, we caution you against investing in our Class A common stock, unless you are prepared to incur the risk of losing all or a substantial portion of your investment." "Should I Buy AMC Shares?" This is the real question: should you buy AMC? Is AMC a good buy? If any other stock gained over 1,100% in less than six months, would that seem like a good time to buy in? Warren Buffett famously said, "be greedy when others are fearful, and fearful when others are greedy". And even the CEO himself thinks that the company is overvalued, stay away from the stock! I can guarantee that much of the FOMO investors buying in now are doing so out of greed. Now, I'm not saying the stock won't continue to rise. WallStreetBets has certainly rallied a large enough army to keep the momentum going for now. But realistically how much higher can we expect the stock to rise? But after last week's gains, most of the move might already be over, and trust me when I say, this is not a bag you want to be left holding. So you might be asking what about me? Would I buy this stock? Heck no! I tend to steer clear from volatility and this level of risk. My focus is always on SRC Profits: Systematic, Repeatable, and Consistent . If you are investing your hard-earned money, there are certainly safer investments to make than a highly speculative social media short squeeze attempt. How to buy AMC shares? At the end of the day, if you still want to buy AMC shares, all you need to do is log on to your brokerage and decide how many shares you would like. With a stock that exhibits as much volatility as AMC does, you may want to consider entering a stop/loss to protect yourself from the downside, which almost always comes faster than you think.
NYSE:AMC
by rockwelltrading
2
Bitcoin Crash 2021 Bitcoin has been on a rollercoaster ride in the past week. It crashed more than 50%! So what’s next? What is causing the Bitcoin crash? Is Bitcoin still a good investment? Cryptocurrency Markets Crashed By 50 Percent. What’s Next? So what happened? Bitcoin gained a lot of popularity in late 2020: It went from $10,000 to $42,000 in 4 months before crashing 30% to $28,000 in late January 2021. And then, in February 2021, Elon Musk added fuel to the fire by saying that Tesla TSLA bought $1.5B in Bitcoin and plans to accept it as payment for its cars. As a result, Bitcoin rallied above $60,000. At that time, it seemed that more and more companies are jumping on the cryptocurrency bandwagon. In late March, Paypal announced that it will allow cryptocurrencies as payment, mainly Bitcoin , Ethereum and Litecoin : Bitcoin is reaching new highs of more than $64,000 when some investors are taking profits, which is absolutely normal. Bitcoin drops to $48,000 but quickly bounced back to $60,000. Why is Bitcoin crashing? Bitcoin Crash 2021: What You Need To Know: On May 12, 2021, Elon Musk Tweeted: Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel. Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the enviornment. Tesla will not be selling any Bitcoin and we intend to usi it for transactions as soon as mining transitions to more sustainable energy. We are also looking at other cyptocurrencies that use <1% of Bitcoin's energy/transaction. In a matter of minutes, Bitcoin plummets 5%. Over the next few days, the bad news keeps piling on. JP Morgan (JPM) reported that institutional investors are dumping bitcoin and going back into gold, and 2 days later, China calls for crackdown on bitcoin mining and trading. And if that’s not enough, now the US Treasury is cracking down on Cryptocurrencies too, saying that they will require any transfer worth $10,000 or more to be reported to the IRS. So Bitcoin has been crashing more than 50% in just over a month: From $64,000 on April 14th, 2021 to ~ $30,000 on May 19th, 2021. As a result, companies that are tied to Bitcoin and other cryptocurrencies are tumbling, too: Tesla TSLA , Square SQ , Coinbase COIN , and Cathy Wood’s Ark Innovation Fund ARKK . Is bitcoin still a good investment? (How does it affect YOU?) Will bitcoin prices recover? Is the Bitcoin crash in May 2021 just temporary, or is this the end of Bitcoin? Well I like to trade what I see and not what I think. Bitcoin has broken the 200-Day Moving Average, which is a bearish sign. We’re also past any “normal” Fibonacci Retracements and are still in a downturn. After all the negative press, especially regarding its energy consumption, it might be tough for Bitcoin to recover. Alternatives To Bitcoin There are other interesting alternatives. Ethereum: All of the cryptocurrencies are going down. Looking at a chart for Ethereum, ETH, it has not crossed the 200-day moving average yet. It has found support and is now bouncing back. Ethereum uses less than 1% of Bitcoin’s energy consumption per transaction. Here is why I’m getting excited for Ethereum: Think about it from a trading perspective. If I could pick up ETH for a price of around $2,000, what is the upside? It could double and go up to around $4,000 which is very possible. Or, it could go down to $1,000. This gives me a 2:1 risk/reward ratio. Litecoin: Litecoin has also recently dropped quite a lot trading at around $173. Let’s say that we can pick this up for a longer-term investment for around $150. What would be the downside? The downside is maybe it drops to $75, but could the price go as high as $300 or $400? Absolutely! So you could 2x or 3x your money. So this is why, right now, I’m not too interested in Bitcoin. I think Bitcoin was a little bit overhyped, and people are now dumping it, but I am interested in these other cryptocurrencies. Libra/Diem So Facebook is back, and they announced a cryptocurrency called Libra. They want to work with regulators and will rebrand the coin Diem. I will be keeping a close eye on this one and here’s why: Think about it. Facebook with their vast network with Facebook, Instagram, & Whatsapp. If they want to push a cryptocurrency, they definitely have the power. What Will I Do? Right now, I will be keeping a very close eye on what is happening in the cryptocurrency markets, and I’m looking to buy some cryptocurrencies at these levels when they are available at a discount. Full disclosure, I currently have not bought any cryptocurrencies, but I’m currently doing research and looking into a few wallets. If I can get them at a discount, I’m currently very interested in this.
BITSTAMP:BTCUSD
by rockwelltrading
2