Ethereum has been slaughtered in the last week and has touched the all time low. Not a good sign, but we have to see what's next before taking any assumption. This support is critical and it if is broken only bad things can happen from here.
Hopped long on #DBX a few minutes ago with 100 shares, added a covered call to hedge the position: maximum risk from original trade was $200 and now sold a covered call for a $75 premium. This will reduce total maximum risk at $125.
My custom built "buy the dip" indicator started to give BUY signals on #JNJ a few days ago; factor confluence was given by the gap closure (see yellow box) where price action printed a neat bullish outside reversal candle at key support level.
Got in @ $130.65 and still riding
Hopefully this could be the trigger; not calling a reversal yet, neither a steep surge from here, but this might be the confirmation that the worst is over.
Technically speaking #BTC is sitting at major support @ $6000 which held pretty solid till now; shallow recovery signals in the past weeks/months didn't find the needed followthrough, but this Head and ...
This bullish flag is pretty interesting because it comes after the rally of a few weeks ago, which turned the sentiment on #ethereum. Technically speaking it lines up with either .618 Fibonacci level and a previous resistance area (around $550 handle) which now should provide some support.
Might be a good point for the next leg up.
If you're into technical analysis you know that price structures (a.k.a. support and resistance) are key levels to watch and that markets tend to respect them as turning points. It's very likely that a resistance, once broken, will turn into support and vice versa.
This is a clear example: you can see how the price level in the yellow box (around $700) has been ...
Nice bullish setup on #BOTZ, yesterday's candle was a bullish rejection candle right at static support (yellow box) and SMA200; this confluence might be confirmed by today's candle. If it closes bullish it's a good opportunity to buy for the mid/long term.
I'm working on a new technical analysis indicator that identifies candlestick patterns through an AI algorithm. Today it spotted an outside reversal candle on #MELI right at a very important support.
What do you think about it?
We all know that good stocks, by nature, tend to go up in the long run, but how many times you lost money although being right? How many times you took a bad entry just because you rushed it?
Technical analysis and patience are key skills if you want to be profitable.
In this chart, HD broke the falling wedge pattern right at the SMA200 support, which reinforces ...
All the markets and indices are retesting early February lows and are stalling around critical support levels; today was a neat green day providing a strong rebound signals.
In particular, QQQ showed a morning star pattern formation around a support level given by the SMA200 and former static support.