BILI/N trade ideas
BILI Ready for long pos.This is the first Idea I am publishing and I'd like feedback if I am reading the chart correctly.
Make money even if you ain't into gamingI can't play games nor have any interest in gaming yet my portfolio consists of several gaming companies like Tencent , Huya, etc
As investor, we must look at the business from multiple perspective. Of course, if you are into gaming, it may offers you a different insight into the game. But, understanding the trend, psychology behind the gaming thrills, etc can be a skill honed over times.
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My first post was here which if you had invested , you would have made 2 and half times profits already ,haha.
BILI ShortWedge Breakout
Possible Head and Shoulder
Stop 146
Short 125
Target 80
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
id look for a small pullbacktrendline acts as support and resistance for this stock. right now its a strong resistance, id wait for a clear break before entering a position. neutral for now
2-618 Short off supply Hi guys I get a lot of questions on what a 2-618 trade to find bottoms & tops, (longs & shorts) fairly simple set up & works in all time frames, typically higher times frame= more confluence, often more risk as well. Find supply/structure (LOOK LEFT!) typically they will be too far from moving averages and will be pulled back (gravitation) to 10 or 20 day.
Find M shaped double top, let it make a break low. use fib to measure move high to low (red arrow) Sit and wait patiently at 618% level to short stop above high ( with price action ) , This is great example, Notice the shooting star candle that closed under 618% level, notice sellers creating rising volume bars i highlighted, this was institutional money cashing out imo. Notice the the moves (green arrows) which i cloned & added to right of pattern so you can risk to reward, (red arrows are mae or risk factor) More then mae, my favorite thing about my Mentors patterns, ( @tntsunrise ) when they hit you are green a lot of times instantly often very ( up big $ w in seconds) , that's when you know your selling/buying w an edge, This plan paid 60 points on 3 trips from 618% with a total of 7 points in Mae in red, see contrast in arrows(cloned) on right red= measured move in red, green = measured move in profit, learn this it pays and very well, if you want to try to find this pattern & draw it, try JD, then compare with my JD plan i posted, it is the same exact play, you will start to see very often once you train your eyes.
Upgrade$bili gets upgraded to 156. First green day set up with nice potential acceleration to the upper bounds of the post-pennant expansion. Monthly contracts though. 150c selection.
$BILI Raising wedge but Still showing positivity Targets 190Baseline was at 121 and coming strong resistance at 164 if can close above it then targets will be between 189-194 . Earning next week 24th Feb
BILI - EW analysis - Impulse up cycleBILI - It is in super up trend. The 5th of 3rd of 5th wave is in progress. It is subdividing in smaller impulse cycle. Stay bullish as far as price stays above 133.94 level for 5th subwave up in 15 min time frame.
Give thumbs up if you really like the trade idea/analysis.
Bilibili wait to get cheaperPlanning to buy bilibili when it is down about 110$.
Now waiting for finishing the consolitation...
$BILI for the winBull wedge, entry was today or right around today's close $121.50 level
Hold for a short rally, then GTFO
Channel trade Selling pressure was at its highest Friday so I expect a little more bleeding. Looking for an entry around 109 -110 to go long
BILI Doji Formed BILI on the daily is showing bearishness, if the chart is flipped to the weekly it has a huge bearish engulfing over last weeks candlestick. I'm suspecting this to continue to run down to 95/share.
is it now waiting for one more strong move for distrubution ?looks like 3rd move is on the way .....
