bodeen88

bodeen88

Bitcoin price is at the 50 day simple moving average. This is a tipping point. It has yet to fall below this critical indicator the entire length of the latest rally. If it closes 1 day below the average, it could mean the end of this recent bull cycle. However, it could still bounce from it and continue higher. Trade wisely.

bodeen88 Updated 

Bitcoin has had a relatively large uptrend in the last 32 weeks, just as it did in late 2017. However, the momentum seems to be slowing now, and the MACD and RSI are showing bearish divergence on the 1 week and 1 day log chart. Here I use a log chart to predict the price of Bitcoin turning down in the coming weeks based on these bearish indicators. Bearish...

bodeen88 Updated 

Bitcoin $200,000 by June 2021. Then dip back down to $30k-40k in 2022... Am I right?

bodeen88

I understand that the combination of near zero rates and massive amounts of dollars pumped into the economy may cause inflation to rise. If inflation does not rise significantly past 2.0%, the Federal Reserve is unlikely to take action against it by raising interest rates. If inflation remains mild despite the massive amount of money injected into the economy,...

bodeen88

I bought a $130 Call dated Apr 01 for $85 today, Feb 22. It is perhaps 2 weeks too early, but having this call at such a cheap price will enable me to use it to open a call credit spread in the weeks to come, following TQQQ's rebound to around $105 by March 05.

bodeen88

My plan was, "in order to leg into iron condor - will initiate put credit spread for 90/85 for March 05 , 2021 if price drops below $100 per share." Now I am doing the other leg of the iron condor. Current share price ~$98. I opted to do a put credit spread for March 05 , 2021 with sell price of 90 and buy price of 85 (85/90). Total credit received: $75 per spread...

bodeen88

Current share price ~$108. Rather than risking being exposed to holding shares of TQQQ and doing covered calls, I opted to do a call credit spread for March 05, 2021 with sell price of 115 and buy price of 120 (115/120). Total credit received: $146 per spread contract. Total risk: $356 per contract. Expect price to cool at this point. In order to leg into iron...

bodeen88 Updated 

This is my first Iron Condor Trade. Current Price is $337.29, strikes at $328-$342, August 12 Expiration. I believe the price will trade within this range.

bodeen88

Who will be the winner in the long term? The $USD? Gold? Bitcoin? Etherium? I see a trend forming. June was a strange month for cryptocurrency. Equity prices were volatile, but making huge gains, while the price of both etherium, bitcoin, and gold traded sideways. Then since late July BTC/USD surges 27%. Values of ETH/USD are reaching particularly high levels...

bodeen88

What do all of these have in common from March 15th 2020-June 9th 2020?

bodeen88 Updated 

Initiated a short position here. Looking for 10% gain. Stop loss at 5%. 2-1 risk/reward ratio. Will be mainly using the pitchfork and as a visual guide, and using my macd signals for alerts. For the last 2 months, if you initiated short position at the upper band of the channel just after the (close long) alert signal, and closed short position at the first (open...

bodeen88

I'm bullish Tesla. I like how they are producing profit now. They are also still investing in research and development in a time of crisis, which is what they need to do in order to stay ahead of the rest of the EV auto industry. Despite Musk's interesting remarks, in a few years, I think they will be selling millions of cars per quarter.

bodeen88 Updated 

Notice my custom MACD line crossing below both of its signal lines. Before, when It crossed above them, the price went up and there was a normal MACD cross there shortly after. I think now the price will go down to retest the lows of March, and possibly even go lower.

bodeen88 Updated 

Is this a dead cat bounce?

bodeen88

I think people will start buying gas again when they start going back to work. So I think some of these brutally battered oil companies will recover. Diversify with an ETF, it's good practice. I would also check out WTI.

bodeen88

Remdesivr, monoclonal antibodies

bodeen88

Please fill in the blanks ahead. These are some MACD and signal lines.

bodeen88 Updated 

My custom "Fast MACD" (Yellow Line) line crossed above its two signal lines. I think the regular MACD (Aqua Line)crosses above its signal line soon as well. At the time of that cross, we should be seeing some recovery from this coronavirus in the markets. Semiconductor companies still have incredibly strong growth.