Here’s my insights on how I’m playing $SHIB, meme coins can be even more profitable with proper analysis and not just wishful hodling. SHIB/USDT has been keeping consolidation patterns and is currently in consolidation right now. Volumes still in the billions and social media presence is still buzzing. Analysis report is remaining in BUY. SHIB has been steadily...
This morning on the jobs report the S&P 500 futures spike in the premarket to a new All Time High but quickly shot back down. This triggers my indicator and an alert withing Tradingview to come check the price action and yields a potential trading opportunity. The risk is defined by the + at the top of the spike. Fundamentally, if the market makes a new ATH the...
Following long happy trends where everyone enjoys easy gains often follows hard consolidations where lacking discipline will cause traders to burn capital. That does not mean traders have to fully ignore the market during consolidations. The wise way to approach them is to be dispassionate and take opportunities with structured risk and target levels. This is a...
This is what I like to see: the stock NYSE:EQR pulled back to a 50% Retracement Level following an earnings high. This level matched with a past high price action and price hesitated for many weeks at the level before launching off it. The entry point was actually on a morning volatility spike 8/19/21 but this does not show properly on Tradingview data. ...
Based on analysis from a friend (who I get to blame if this does not moon) I got a signal on this morning's volatility spike for NASDAQ:CPOP . Small YOLO knife catch.
My last trade in UNH highlights an example of where I look for targets especially within a mid consolidation. When looking at a past high as a potential take profit target often times price will miss the actual proper high. The more conservative and higher probability place to take targets (or look for reversal) is the 50% within the reaction off the last high:...
LMT price action this week has begun confirming support at the 50% Retracement of the 2021 bull trend. Price has slowed down and held it for multiple days with a volatility spike adding confirmation yesterday. It is now setting up for optimum short term risk to enter.
The 60 minute chart of BITFINEX:ETHUSD created a support here around 3150 in the middle of a rising consolidation. Breaking the spike low would break the support, break the lower bounds of the flag pattern, and confirm an Ichimoku cloud breakout. These are three ways using different indications to identify a potential breakout. I dislike when charts get too...
NASDAQ:PGNY is a stock that I have been in for over a year. It is a rare case where I have a fundamental bias (rather than technical to start) as a friend clued me into it June 2020. The fundamental case for this company is that they offer fertility services and their "moat" is that already have many deals with Fortune 500 companies that offer fertility...
I've been watching for a setup on a lower timeframe to confirm the Daily 50% level. See last post for the broader Daily view as to why this level is significant.
When the market reached a (new) All Time High earlier today I wanted to get some short Delta in my positions. I learned my lesson during the 'recent unpleasantness' bottom of 7/19 that being all net long puts one at risk of volatility in a portfolio... even if the positions themselves individually remain strong and profitable. This morning's volatility setup a...
When the market reached a (new) All Time High earlier today I wanted to get some short Delta in my positions. I learned my lesson during the 'recent unpleasantness' bottom of 7/19 that being all net long puts one at risk of volatility in a portfolio... even if the positions themselves individually remain strong and profitable. This morning's volatility setup a...
NASDAQ break its ascending channel and came down by a spike. now it makes a triangle pattern and I think it break from bottom and goes down till the target.
Two active chart patterns. Space to rise by waves. Do you have two options to enter: 1. 141.0 resistance breakdown. 2. leave a buy limit order on the support 139-140. Hold on and enjoy! :)
LITECOIN change its trend after a long short trend and now it is in a strong ascending channel. its look that LITECOIN wants to rest and become range after a spike. then it continue the trend and goes up till higher target (148.00) .
NASDAQ:PENN was not on my immediate watchlist but I happened to notice the price action from last week giving a second solid rejection of the Weekly 50% Retracement. See below for swing timeframe spike...
I was looking at a trade today for a member of my social media. NYSE:UBER looks to have stalled at 52.35 which is right at the 50% Retracement of the recent down move. This if following a retracement of the last bull trend which was around the same zone as the IPO first weeks' price action highs. Price could in the short term retrace down to retest the...
Not a financial advice On the 4 hours chart, BTC just had a tail in candlestick which oftens mark a short term turning point after a price run or decline. BTC might touch he 36K mark again.