Thecontrariandaily

Thecontrariandaily Updated 

What we are looking at is a corrective wave occurring within a bearish pennant on Bitcoin We no longer are looking at 30k as a significant level for Bitcoin to buy. Yes we do suspect a bounce in that area but we also suspect that level not holding for long. The Real move is to 18k-22k.. perhaps an overshoot into low 18k or high 17k before rallying and trading in...

Thecontrariandaily Updated 

Today we look at BIDU We see a Huge Bearish Descending Triangle in which we have been in for the last 280 days or so. We can observe this as illustrated with the lower highs while we are posting the same level lows To add to the bearish sentiment we also formed a Bearish "Bear Flag" within the same price structure. We just broke down from the bear flag and...

Thecontrariandaily Updated 

I am really liking a Day Trade Opportunity on UpStart Looking at purchasing PUT OPTIONS on this one. Ideal set up is for us to get a little buying activity to retrace back to structure in the 137-140 Target is 105. Looking at a 2-3 Week Contract for this move, however expecting the full move to happen in 6-8 days.

Thecontrariandaily Updated 

Today were taking a look at SQ (SQUARE) So SQ made a big move down for earnings around the $225 level. This level is widely being considered as a "buy the dip" opportunity which very well may be. However obviously we are offering a different perspective and heres why: Reason 1: We spend more than 3x the effort (activity) on August 2nd than we did on February...

Thecontrariandaily Updated 

Is this a dip to buy or stay out the way and let it drop more. Our view has this as a hold opportunity not a buy the dip opportunity for long term investors (not financial advice) I would be looking to buy Ripple around the 80 to 75 cent mark. 75 cents is a strong key level for Ripple (XRP) We may be forming a bearish head and shoulders that would provide...

Thecontrariandaily Updated 

Although Bitcoin by just about any measure is still comfortably in an uptrend, there are things developing we've been speaking about for months to pay attention to. First, just to get this out of the way. for those that use RSI, we have now spotted RSI bearish divergence on the Monthly, Weekly and daily charts. Secondly, we have broke our daily uptrend which we...

Thecontrariandaily Updated 

Quick analysis on us30 We have been rejecting from the 36250 key level on the daily timeframe It appears we are breaking the low of a bear flag formation I like 36000 to be the first target as a quick trade but with the bear flag it looks like 35750 is its final destination. I will be entering this trade on the minute chart (1minute or 5 minute) Looking for...

Thecontrariandaily Updated 

Now that we are trading at the 36250 key level we are forming a bearish flag under levels of resistance. I see us in being in a A, B, C elliot wave move down to about the 36100 level where prior support was I will be looking to enter this trade on the 5 minute time frame for precise entries.