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Recovery

ETH/USDT Finally getting support. Nice entry at previous ATHEthereum finally finds support at previous ATH region 1300-1450$. I would consider this to be a new entry and buy opportunity. Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Green lines are tested support lines. Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. Cyan line is for volume trendline. Purple lines are trendlines we take a look at. Yellow lines are for visual help only.
Long
by tumbler55
4
AAVE/USDT Possible bullish recovery lies aheadAAVE as most other altcoins suffered from the Bitcoin dump. Finally AAVE reached support. (was a long way due to the massive pump before) So we finally would have a possible entry here. Next possible support is marked (lower orange line). Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Cheers ps. Chart explanation: Green lines are tested support lines. Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. Cyan line is for volume trendline. Purple lines are trendlines we take a look at. Yellow lines are for visual help only.
Long
by tumbler55
2
$LINK: Follow up on pitchfork PAI just wanted to point out how ridiculously on point the pitchfork is on the 4hr for $LINK. With a lot of volatility in the market due to the end of month $BTC options expiring, extremely high gas fees and the subsequent chainlink team sales of $LINK in order to pay for the network costs, we saw a pretty violent correction! However! If you're in a spot position like me, and not leverage trading $LINK like a doofus :) You're completely fine as we saw just as violent a recovery! I am so impressed by the pitchfork's ability to capture those wicks. If you had placed buy orders at those levels? You'd have caught them to the penny, and that's just awesome to see. For me, the fact that we're back over $30 dollars, and that the buyers stepped in so aggressively below that? Is nothing but bullish for this project. I WISH it would stay this low for longer? But I doubt that we'll be able to buy $LINK this cheap for long. TL:DR, With a bunch of market scenarios stacked against $LINK, it's incredibly bullish that PA recovered to its current levels so quickly. I'd expect #Chainlink to continue its march towards 3 figures in the next few months. The pitchfork has been really awesome at capturing that trend. I am SPOT trade only on this at the moment. I personally am holding my $LINK for a long long time.
BINANCE:LINKUSDLong
by its_maxbro
3
ADA/USDT Update: The silence before the storm?ADA shows a great V-like recovery back to 0.95$. And we are in a consolidation phase and expecting a break soon. But to which side? Since some major news are coming I guess it's upward and we finally break 1$. However, it is still possible to test the 0.7$ area again first. Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Cheers ps. Chart explanation: Green lines are tested support lines. Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. Cyan line is for volume trendline. Purple lines are trendlines we take a look at. Yellow lines are for visual help only.
Long
by tumbler55
K-Shaped Recoverymany people still thinks we're in a V-Shape recovery , but it's a K-Shaped recovery in progress right now. which is one of last thing you want to see in a major economy. dumb money goes into many worthless tech companies and spike their market caps at unbeliavable levels. (just like before 2000 dotcom bust) on the otherside industrial sectors are not showing any robust recovery signs. from this perspective this market is totally unstable now and crash is inevitable.
TVC:SPX
by VulcanoRosso
11
PSG/USDT Ready for a parabolic move!PSG is the soccer fan token of Paris Saint German and has a market cap of 20 million tokens. The same analysis as for the JUV, ASR ant ATM token holds. However, PSG shows more resistance levels to break. But think about it the following way: There are 20 million tokens. Now there are surely more than 20 million PSG fans, let's say 200 million. Each of them wants to have in average 10 Tokens. This would result in a price of 100$ per token. This excludes addict that want to get as many as possible.
Long
by tumbler55
When We Mistake the Map for the TerritoryNow that we know the virus is not going to get even remotely close to what the models were projecting (for now). I think it’s relevant to compare this V-shaped price recovery to the December 18 market plunge. Dec. 03 peak to Dec. 24th trough = we plunged 17.10% (in 3 weeks) From that bottom to Jan. 18 peak = we rebounded 14.74% (25 days) -->We recuperated about 86.5% of that percentage loss Feb. 19 peak to March 23rd trough = we plunged 35.72% From that bottom to our April 20th peak = we rebounded 31.5% (also 25 days!) -->We recaptured about 88% of that percentage loss *Now why did I choose these specific dates?? Answer: Because both April 20 (2020) and Jan. 18 (2018) are the peaks we made before we deviated from that “V-shaped recovery channel” Conclusion: In both V-shaped recoveries, we recapture roughly 87% of that % loss in “coincidently” 25 days as well. And then deviated out of the V-shaped channel, tested the nearest support for confirmation, and tipped off a new bull market. It probably boils down to some sort of market psychology that repeats in these types of circumstances... Now unlike the conventional belief right now, why is it all of sudden relevant and perhaps helpful to compare this crash to December 2018’s? 1)it’s the most recent liquidity crisis we’ve had 2)it was an overreaction to the potentiality of something -fear that we’re due for a recession because this bull run is much longer than its predecessors -this cycle has lasted for 10 years whereas the average is 4.5 years. This does not constitute a recession! -However, this bad logic no longer mattered once the fear becomes a contagion 3)The unraveling effect. This begins when people are provoked(by media) to look for these assurances and “oddly enough” they find these assurances As the wise Nassim Taleb says when describing cultural products, "It is hard for us to accept that people do not fall in love with works of art only for their own sake, but also in order to feel that they belong to a community. By imitating, we get closer to others-that is, other imitators. It fights solitude." Just think about it for a minute. If you were really to boil down and I mean really...The Covid crash, Dec. 2018 crash, Feb. 2018 “Peak”, Dot Com tech bubble, 01’ panic were all triggered by nothing more than a cultural product. How do contagions come about? We as humans scorn the abstract, we hate uncertainty. What we have is an aptitude for reduction. We find patterns where there are not (at first). Where can these patterns be found? What does the current language around me sound like? Most people just accept this as truth but all it is, is majority opinion that becomes so widely accepted that it becomes reality. This according to the book Black Swan is called “platonicity” which is our tendency to mistake the map for the territory. We focus on the pure and well-defined forms, the overgeneralizations, the things that make sense. And where things get dangerous is when, “...these ideas and crisp constructs inhabit our minds, we privilege them over the less tractable structures Platonicity is what makes us think that we understand more than we actually do. Now obviously this does not happen everywhere. Only in specific applications are these models, and constructions, these intellectual maps of reality wrong. “These models are like potentially helpful medicines that carry random but very severe side effects...The platonic fold is the explosive boundary where the platonic mindset enters in contact with messy reality where the gap between what you know and what you think you know becomes dangerously wide. It is here that the Black Swan is produced.” (Nassim Taleb)
SP:SPX
by TheMandalorian27
5
EURAUD: Bearish TheoryTwo global economic crises so close together in world history, what are the odds? In 2008, the USA stock market bottomed out and began it's recovery just as the EURAUD pair hit a top and sold off. This correlation to the SPX, from a global market view, is interesting because there is such a great shift from negative 80 to positive 80 in a 4 year span after the 2008 recovery. It will be interesting to learn how this trend plays out in the coming years. The correlation coefficient has been dropping as the prices are starting to diverge negatively again. If it's anything like last time, we could be starting a long-term bearish trend in the pair. Or, the positive correlation holds strong and leads the pair up during the recovery. Or, the least likely scenario, the correlation holds but the pair drops like last time and the SPX goes down with it. Check back in three years.
by The_Arena_Trader
1
Investment advice and portfolio revealProbably I’ll post this text several times (under each ticker) that I mention below, as the meaning of the writing necessitate it. Introduction and the mindset: 8-10% of my wealth is in the US stock market, other almost 90% in real estate in Europe. As for the stocks, you got to have a diversified portfolio in my opinion. As my experience tells me you can be lucky sometimes and you also gonna be unlucky at any given time (and unexpected all the time). So one can not count on luck and/or feelings (I call it being on Hope-ium). This is the reason for the need of diversification, especially in this unprecedented (word of 2020, right?) environment. Lots of analysts say the market is overvalued, stock prices are overstretched (the SPY and tech at least). I think this is partially true and it does matter sometimes, it does not matter too much other times and/or instances as you’ll see soon below. OK, too much talk already, I will show you my portfolio and talk about my ideas with numbers, entry points, targets and even risks. My past fundamental ideas (as for reputation, not a bluffer): In 2019 I only had 2 ideas, both based on my fundamental analysis and they were for investment (so, not for short term trade ideas). Tesla and Bitcoin. For TSLA my entry plan and buying advice was @ $426 in December (pre-split price, so if you are new, divide it by 5). For BTC I stated that I recon we have to wait for the beginning of 2020 (according to my plan it was most likely for about February) and buy the expected dip - according to my readings - at $5500. Of course Covid came and things got crazy, but we didn’t expect that. Lots of losses and learning, but here I share some useful thoughts and ideas. I learned technical analysis, but these fundamental ideas born according to my own research, also wanna add, I didn’t know any known influencer back then. My recent/actual ideas and how to do it: I divide my stock portfolio for 5 sectors in a way that if even 3 or 4 of them fails, the other 1 or 2 will pay out so much, I wouldn’t mind and never lose. My sectors watched: 1.REIT (they will pay dividends) 2.Energy (they will recover) 3.Commodities (we need them whatever happens) 4.Biotech (necessity too) 5.Insurance (self explanatory). The SPY is driven by tech, so I left it out for now (with a small exception), as no need to risk now, because tech is a bit overstretched at the moment and even if it’s going way higher, my ideas will too. But if tech is not going higher, I will still make profits (hence the so called ‘K-shape recovery’). Not easy to do this in such overvalued levels but not everything is expensive and also note, that not every cheap stock is going to die off, so the main buying habit of mine is what George Gammon likes also: “I buy a dollar for fifty cents” if I may quote him here. This idea means that I buy according to the actual (and my own) valuation, plus the current stock price of the company and not according to the momentum or the horde, in other words the ‘best performers’ according to popular Youtubers, similar influencers (or the mainstream media for that matter), as history shows that the majority loses and the minority wins (at least during those crazy unprecedented times like now when soon everyone is in the stock market examples I analysed: 1929, 2000, 2008). Doesn’t that tell you that it would be wiser to be on the side of Michael Burry during the 2008 stock market rally instead of everyone else? Yeah, I know, it’s not easy and also, “this time will be different” :D But jokes aside, I believe at least in a way this time it actually could be different, the task is to understand fundamentals, think a lot and make smart decisions based on your own research. And the more you read and think, the closer you might get to some advantage and solution that will pay off highly likely in every possible scenario in the future. Why and how? A simple enough hint of mine for example is, if a stock is a ‘top performer’ that fact might actually mean it already did what we expected from it to do (otherwise why the term?), so you kind of could already be late, but you would never know. This is when FOMO comes in to play, beware! Sure, you can be lucky and participate in a bubble just like how it was with Yahoo in 1999-2000 but only afterwards (years later) could you for sure realize that it wasn’t a good idea to buy in around 1999 as you didn’t sell at the top (2nd of January, 2000) did you? Even though the “long term fundamentals” that they talked about back then, they all turned out to be 100% true, because tech went higher for sure, Apple is still a winning company, we are surrounded with computers, smartphones and it's all tech and internet and websites, we still use yahoo mail every day and listen to yahoo finance and so on. Tech is cool and king. Still, the dot com bubble was bad and painful for the majority. See, everyone was right except for the ones who bought in at the high prices because of FOMO. As you see now, those ‘top performers’ worked very well for those who bought in at the bottom or even half way to the top for swing trades (but that was just before you heard about them and not really any time later). So, the problem is that no one ever knows when is the top of a bubble or any kind of run up that is driven by sentiment if it’s not a slow and steady growth corresponding both the fundamentals and financials in other words the real growth of a company. So the solution is to better find one that is trusted and/or have future and not going bankrupt soon and is beaten down to the ground. That’s when you buy in. Warren teaches this too, but this is my own thinking and just a coincidence that the old man says it too. So, I reveal here all my stocks and investment picks that I either bought and/or had planned or advised to buy so far with my first entry prices during 2020 (not placed in order of any sort, but just random). The majority is investment for 3-5 years the exceptions are the swing trades (I mark them “swing trade” as they are not investments): TSLA again @ $358 (pre split); NYMT @ $1; IVR anywhere below $4; NIO anywhere below $5 (swing trade); HEXO @ $0.74 (pre split); ASTC @ $1.82 (swing trade); CDEV @ $1; LMND @ $47; TXMD @ $1.2; LXRX @ 1.93; GNW @ $3.26 (swing trade); WPG @ $1 (pre split); CRSP @ $60; gold below $1700; AAL @ $10 (swing trade); AMC @ $2.84 (swing trade); BTC @ $5500 for investment (and was swing trade too, from $7000 to $9000 because I had to pay property tax and did it from the profit).
AMEX:SPYLong
by janfoux
1