In latest BTC chart we can see that each indication of our Strategy No.2 (either long or short) would make a profit. No cherry picking here, but just worth noting that with proposed RR rules we can make a decent equity curve on our account.
Stay humble and stay safe.
The way I see the charts this is a clear bearish case for BTC . BB squeeze is developing in the short direction. After a few weeks of gaining momentum it started it downward move. This can of course still repaint so we have to wait until the end of the week. If the short pulse fires, the BTC next down target is somewhere between the weekly 200 SMA and bottom wedge...
This time I have picked a silver stock with good fundamentals. It has had an amazing long run since the start of the year (I wish I had spotted it earlier). But, it is never too late. Silver has started to fall and that has also an impact on silver stocks. This presents a long entry oppurtunity for patient investors. My recomendations are to enter at...
Dropping oil price has crushed USO. This means that it is not a strong fund, but still favourable for a SMALL trade. It is bearing towards lower support at around 9. If this support holds and it bounces back, we are good to go long. But as mentioned, with a small position. SL can be set at 7.5.
Hello all. Another CNX oppurtuinty for those of you who missed the first one. The weekly TF pulse has fired long again. Possible entries are
1. at 21 EMA (half a position)
2. at previous highs (around 15.9 - 16)
SL can be set below previous lows at around 13.
SLW is in a long term uptrend. Weekly pulse is active and possible pullback has started. I am looking for possible entries in the next few feeks. Lower trendline on weekly TF (and daily) can be a good entry point (e.g. 21 - 22 area). Use wide stops. Two closes below 16 negates the trade. Good luck
After a consolidation BCOV has started a serious rally. Weekly pulse has fired long and monthly pulse is about to fire long as well. It makes sense to wait for pullbacks. I see 2 possible entries
1. Enter long at At 21 EMA on a daily TF
2. Enter at previous high at around 8
Drop below 6.5 would negate the trade. Use wide SL. I recommend weekly TF ATR reading.
Since the Gold obviously started a corrective move down it makes sense to load up with ETF which has also started its corrective move. A lot of supports on the way down present a buying oportunities. My bet would be bellow the red line, which is somewhere between 50% and 61 % fibo lines.
How to trade
1. Wait for a bounce first and then load up
2. If it closes...
Another possible setup is for DVN. If I am not mistaken we are in a possible wave 4 which could retest the support line of previous highs. This is possible since US index in on the rise and oil prices can drop accordingly. If so, this can be an oppurtunity to load up with some cheap oil stocks like DVN.
I see an opurtunity for loading in CNX since it has obviousl started its pullback. I broke the trendline and it is facing several supports (50 and 200 SMA and two previous highs). Each of them should be considered as long entry point.