Hello everyone, this is an update of my previous trading plans for GameStop. I discovered this stock back in November 2020 with the help of r/wallstreetbets. I've tried to apply the technicals almost at every point, even though this market acts insanely irrational. It's very important, especially for beginner traders, to enter a trade at the lowest point possible...
In this idea we can see a Fractal playing out on the BTCUSD intraday chart. The price is in a retracement after getting rejected at the $58.000 level. While the price is in a retracement, indicated by the lower highs, we will wait for a break of the resistance-line for a possible long opportunity on bitcoin. Our target is located above the previous high. I'm...
Hello everyone, this is an update of my previous GME idea (linked below). Let me tell you, we rocked this trade. With an entry at $15 and another entry at $40 a few days ago, i'm already in profit and sold my position yesterday at $150. Nonetheless, we will most likely see the price pushing aggressively beyond this price level. We have a lot of attention, momentum...
The price of Bitcoin (BTCUSD) is in a short-term correction after a strong surge in price to our new All-Time-High, located at $58.500. I'm expecting a stronger retracement, shaped in a Falling Wedge - this scenario would result in a further increase in price after the correction is completed. Mandatory for this new emerging trend are the lower highs and the lower...
This is an update of my previous Tesla Trading Ideas. Please review the past ideas to get an idea of applicating chart patterns to the market. The price of the Tesla stock broke out of the Descending Horizontal Channel and recently made a swing low at the previous low. I'm starting to place my buy orders across the book - $600 and $550 is where most of my money...
I want to take this special moment to congratulate those who are in this run for multiple years now (including me). It's been a rough ride and now we are aiming for an important psychological price-level of $50.000. I expect the buyers to break through this level within the next hours (hence the 15m chart). We usually see the price breaking above an important...
Please take a look at this wonderful chart of the Crypto Market-Cap excluding Bitcoin. What we are actually looking for is a similarity from Late 2016 to now. If we take a look at the chart, we see the total Market-Cap going sideways after peaking (August 2014). A Higher High on the chart previously led to a strong Bull-Run. It seems like we are in the exact...
This is another update of my previous Tesla (TSLA) ideas. I personally don't own Tesla stocks at this point. I've made some profit by trading the breakout of the triangle, which is paired with the announcement for the inclusion of the Tesla stock to the Standard & Poor 500 (S&P500) Index. This event gained a lot of exposure and traction. Only a few months after...
This is an update of me previous Bitcoin (BTCUSD) idea. Everything worked out perfectly. I consider taking some profits (from my previous entry at $30.000) at the $50.000 level - slightly above. This is the next psycologial resistance we are looking for. I expect some profit taking from the other market participants as well. After this retracement is completed,...
There is not much to say besides that the cryptomarket looks fantastic at the moment. The price of Bitcoin (BTCUSD) is moving slightly below the All Time High at ~$42.000, which we actually achieved a few weeks ago. While most of the market was scared that we might see a price-correction similar to January 2018, we saw wannabe-robinhood Elon Musk and a few other...
Gold (XAUUSD) is easily one of my most traded assets, since the price tends to move in corrective patterns that are very common in the market and easy to spot. The strong surge of the past years makes it even easier to make a decision for the right side of the trade. As long as we don't see any reversal pattern, the price is still in an uptrend . The price is...
Hello friends, the price of Bitcoin (BTCUSD) is recently making lower highs and we might see a bigger correction incoming. Please use the highlighted Demand & Supply Zone as well as the Key Level & Support for possible exits or entries. While the price is moving in a range, we have to keep one simple rule in mind Don't take long positions if the price is above the...
Hello friends, the price of Bitcoin (BTCUSD) is supported by the MA 50 on the daily & intraday charts. As you can see on the right chart (1H timeframe), the price broke the resistance line (highlighted in orange) and is now aiming for a higher high. We place our order accordingly, with a Stop-Loss slightly below the previous low and our target located slightly...
Friends, as you already know, the GameStop Stock (GME) was recently picked up by the subreddit r/wallstreetbets. The theory and technicals, which led to our entry at ~$17, are explained in the previous idea i shared with you guys (linked below). The price respected the trendline (black) three times during this uptrend. We saw a retracement in the shape of a cup...
That's the mistake most unexperienced traders do. Wait for a CLOSE of the daily candle before taking your position. These Short-Scenarios are getting hilarious on TV cheers, Ares
Hello friends, the performance of the Tesla stock (TSLAUSD) amazes me day by day. The fundamentals align with a very bullish and kinda healthy looking chart (combared to bitcoin). We can see that the price is moving above the Moving Average 50 & 200 (blue area) for a few months now. We've managed to make some nice gains by taking a long position at the breakout...
Hello friends, it seems like many successful traders fail to determine a proper entry for either a short or a long position. Please use the tips on the chart to avoid further losses by trying to catch a falling knive. The price of Gold (XAUUSD) made a breakout of a bull-flag/ ascending channel on the daily. The price action we currently see might be a re-test of...
Friends, i've fortunately managed to enter this long at around yesterday's low. The price managed to climb back above the MA50. We're looking for a Higher High on the chart. I appreciate your feedback for this idea!