SPCE - LONG - PRICE TARGET 31.72 - 32.75LONG POSITION ENTERED AT $30.70
SPCE:
Lots of technical confluence present in the 30m chart of SPCE. As you can tell in the chart, there is a big fat double-top which seems to have failed. This is your classic example of "what should happen, doesn't." (Peter Reznicek). This seems to be a common theme with SPCE latley, as you can see you had two previous 30m candle break below the trendline but price still continued upwards. When this occurs you should prepare to the exact opposite of what should've happened, in this case go long as the price should of went lower. In a solid double top, you should see the price break below on the second touch of the neckline. This is not the case as it broke out of a 30m balance zone to the upside, while also bouncing off the trendline indicating a bullish trend continuation. RSI is continuing upward. Also looks like you have people loading up long last minute with large volume on the last 30m of the day.
There's really two options here: The double top has failed, continues upward to form a triple top(more likely IMO), or it breaks all the way up to the top of the trendline. The only objection I have to the triple top is the volume profile shows that price has not stayed around that range for a long duration and it's possible it'lI gap up right past it Monday morning to get closer to the Point of Control. If a gap-up above 31.70 doesnt occur Monday, I plan on taking profits at the 31.70 mark as the price will likely quickly reverse if it does form a triple top. I will re-enter if the triple top fails at the 31.70 mark and set my stop slightly under and target the upper trendline at $32.75.
Thank you for your time, for the sake of increasing my own personal knowledge, while also sharing what i've learned so far, you can look forward to more of my technical analysis in the future. Weekends will be the days I will publish. I would like harsh criticism from any fellow traders, especially more experienced ones. Feel free to give me your thoughts. Thanks and have a happy Easter!!
Letsgo
IS A NEW ATH INCOMING??!! BITCOIN LOOKING FOR $61K?!?!? LONGAs we can see from my previous video upload this is big news for what we can see in the immediate short term for bitcoin here. I am currently waiting on the sidelines to see what develops from this rising channel and hope for a breakout with a confirmation giving us an amazing buy set up that could take us back to these $61800K levels once again! Of course we are not shorting Bitcoin within the bull market so if we are given a breakdown we will of course be on the side lines waiting for another potential position towards the upside!
Hope you enjoy the run, trade safe and let me know your thoughts!?
LTC - No brainer - 400%+ (No Laughing Matter) Let's Go!Hello Traders,
History doesn't always repeat itself but god damn, I will not let myself once again be proved wrong by not getting in on these historically low prices.
I mean honestly, look at the swings, we are at the bottom, just like many times before. Buy low, sell high, it's the mantra all traders live by.
Yes, I know, some of you want instant gains, and that's fine, other traders will gladly take your liquidity --- straight to the bank, AKA their metamask wallet...
Don't fall victim to FOMO. Buy, hold, and realize.
Also, trade with BTC pair, if your goal is to accumulate BTC. Smart money buys with the long game in mind. Accumulate, accumulate, accumulate.
Simple.
Good luck!
Gold Broke out the down trend on the one hour! 4 hour!What's up guys! Always been a gold lover, have a ton of it, love that you can wear it, stock up on it and will always have value unless it crashes which i highly doubt; Yes we have been on a down trend for a little while with an inverted cup and handle!
Beautiful, Cup and Handle formed on the weekly and we have broke out the down trend!
We are expected to see some new ATH on Gold very soon!
Get ready baby and buy some gold now, get chains, grills(lol), bracelets, rings, etc.. it's time to do it before we break out crazy!
MACD , HISTOGRAM, AND RSI LOOK AMAZING! 1 day and one hour as well!
It is finally time for PFE?After many years of consolidation is PFE finally got "star" fame?
Like we can see monthly chart it's almost close to make a beautiful reversal Head and Shoulder chart for strong push up on fundamentals wings.
As pandemic subside and hope that Covid-19 pass through behind ours backs, forward P/E and revenues is strong on PFE side, so buy area will be good setup for as the Redditors would say "PFE to the moon" haha...
Thank you very much for reading, if you see that this chart is interesting and feel free to press like and comment, every comment is welcome :)
NYSE:PFE
Short call for us500 4-8 hr trade idea Short call on US500 70 pip goal from entry, stop loss 20 pips
short USDJPY 3 take profit zones placed A short quick call, For USDJPY im not one to post this pair so lets see if this one pulls through, 50% track on high alert. and i placed trend lines and saw it break so i made the call based on that. maybe good for a few hours then pull out after TP3 hits. this one has been bullish and most likely will keep going up after this call hopefully. news has been looking good for japan too. lets catch some pips!
ok boys its timethe arrows show the main 2 paths I could see eth taking, obviously the other 2 main scenarios are a straight shot up over 1550 where we dont come back down or a re test of lower levels.
Im really hoping that im wrong and we can move above 1500 for good but I just dont know if we are ready yet. Hopefully this does not age well and I am proven wrong and all us ETH bulls can be happy.
BITCOIN TO 200K BY END OF APRIL?I believe that this is just the start of what will end up being a wild journey to 200k. I may very well be wrong but I believe this correction is similar to the correction we saw early in 2017 in the 3-6k range. We went on to gain over 600% from that low mark. Lets see what happens. Since I am young and have plenty of time to make cautious and safe plays along my life, I think i am going to take a risky play here and move a larger portion of my portfolio into btc. Hope it plays out well. My gut tells me it will, but who knows. Either way I believe Bitcoin will be worth more in 5 years than it is worth today. So even if I am wrong and it goes down from here. You never lose money until you sell. Those who can set their emotions aside and ride out the ugly are rewarded in the end.
Im pretty confident that bitcoin will soon go on an epic run, so much so that I'm willing to post this knowing that I cannot delete it. Nothing much to lose, I have a whopping 9 followers.
Definitely not financial advice.
$BBBY Bullish Pennant!Get Ready for a Break out! It is coming! Get those calls and buys in!
Strap on and hold on!
VETBTC - Bullish Fractal + Hidden Divergence = Moon? 200%??VET had a a big breakout on the btc chart, followed by a massive pullback right to the perfect spot on top of our downtrend line.
LOTS of bullish indicators here:
Bullish fractal we just retraced off of.
Volume confirmed breakout.
RSI shows hidden bullish divergence and totally oversold.
MACD showing very weak downtrend atm with no sell pressure behind it.
There isn't an indicator here that doesn't say this is going to the moon to me.
LINK- Bullish Fractal Present, But that usually means retrace.LINK seems to be throwing u bullish fractal. This is generally a sign we're gonna get growth, but after a retrace.
This will be invalidated if we get a volume confirmation on a breakout from top line, at which point I'd look for a retrace then get in.
At the moment I'm not seeing a true breakout, we're at the upper resistance limit, which might be the START of a breakout but no confirmation yet.
Two paths we can go here in my eyes, either the bull fractal gives us our retrace and text book entry down the fib levels, or btc.d keeps slipping and link gets the volume to bust through here and we look for a retrace to continue upwards.
Both options should show confirmation before they hit, so set your alerts on the volume for a breakout. and trust in the volume to not lie to us.