Trade ideas
Bitcoin vs VisaFunny thing about both of them is that they topped around 340B Dollars in market cap. Bitcoin did a 20x in 1 year, while visa did a 15x in ~9years.
To me they both went parabolic and then had a major bull trap. A massive bull trap pushing a lot higher making people believe it will go even higher. Could this be just a continuation of the rally? It very well could, but to me the global financial conditions don't make me feel very comfortable taking a long trade right now. As this market is heavily dependent on Central Banks it could continue a lot higher, but it is quite obvious that going long here is like going long Bitcoin near 15000$, so be careful.
VISA on my watchlistFrom doing all these analysis
looks like we have might have a bit of room for bullish rally until we really hit those dangerous sell off zones
Watching closely to see if it can do another bounce off 200MA
looking for bounce confirmation and violating of pivot line for a short daily swing
Broken Upper Channel Turns into SupportUpper Descending channel have been broken after a few tries, and going for a return move (finding back the upper channel line as a support).
Aggressive traders can wait till it bounces back on the upper channel, and long term buyers can start accumulating from here before adding more later once the price movement is confirmed.
Stochastics shows that it is currently oversold, prepare to add when stochastics <80.
Popped yesterday, consolidated, now moving out of bull flag $V is wandering up and out of this zone. Lookin bullish
Visa V Short-term one year daily chart
Resistance
Level 1 - $145
Level 2 - $155
Level 3 - $170
Support
Level 1 - $130 Mild Strength
Level 2 - $120 Moderate Strength
Level 3 - $110 Mild Strength
Level 4 - $90 Moderate Strength
NYSE:V
Long-term five year weekly chart:
Both charts show a similar pattern emerging.
VISA INC. (V): More Dips About To Come?Find Winning Trades In Seconds >> efcindicator.com (Special Discount)
The immersed crossing (white bar) indicated a strong bear flag, which was confirmed next. It seems that we have not yet reached the end of this correction.
V SwingMy quant model predicts
Profitability: it has a high probability(73%) to rebound at this level.
Worst Case: it could drop to $121.08
Money Management: Bet no more than 38% of capital
Suggested Strategy: long stock for 5 Days
