EOS has been coiling under resistance for several months, and has been significantly underperforming the rest of the alt-majors while a lawsuit is looming. EOS is currently challenging an important trend line here while BTC is rallying. This is IMO a great spot for a good R/R play. Keeping stops tight.
Bitcoin recently tapped a strong weekly trendline, showing signs of rejection. Primarily looking for shorts in this area. Targeting 6500 where a large amount of stops are placed, which will provide a substantial amount of liquidity for large players to buy.
Litecoin aswell as most large cap cryptocurrencies has been consolidating below resistance for several weeks. Expecting heavy chop in both directions to punish FOMO positions and overleveraged traders. Placing buy orders @ 40 dollars per coin and limiting risk at roughly 10%.
The SPX index is painting what looks to be a bearish retest of the previous trendline. Looking to short this area heavily unless the corona situation changes for the better. Possible bottom targets shown on the chart. Setting bids for target 1 and 2, and conserving capital for a possible deep capitulation wick.
Tesla has experienced a parabolic rise after breaking out of its previous range. Looking to short @ or above 960$ for a long term short position. I expect a sharp decline in price until a retest of the previous range top (400 dollars per share) where i will add to long term holdings.
Bitcoin has been consolidating within a triangle for several weeks, the range is tightening and BTC is soon to reach a decision point. Im leaning bullish, given the recent bearish sentiment towards BTC. Either bearish or bullish, bitcoin is presenting a great R/R opportunity in both directions.