About meBuğra Sukas is the Founder of MegalodonTrading.Com and Megalodon indicators available on TradingView.com. He has been programming since the age of 13 and has a Bachelor's degree in Computer Science and Economics.
Welcome back everybody, I am expecting the altcoins to follow up with Bitcoin this weekend. I am also buying some insurance names for my stock pics. Be careful out there.
If this video gave you some ideas, make sure to smash the like button, break it and destroy it.
And like always, dont bet more than you cant afford to lose.
See you later.
Oh boy, uncertainty again.
Trump requesting votes to be recounted, Biden seems to be leading Michigan and he can actually win this election, thus causing the stock market tomorrow to pull down. Sp500 index bounced down from 78.6 level and above 61.8 retracement level, Spx hourly red sell signal, potential pull down at open tomorrow risking above the today's high
Here is my reasoning behind buying these calls.
Trump wins oil companies will boom.
Covid-19 daily new cases are on the last wave with the elliot count.
Daily horizontal support.
TD13 on the weekly.
A lot of volume and momentum setups on the table.
Risk reward ratio is juicy.
Lets rock this thing!
As the house is struggling to pass the new 2.2 trillion relief package, we will expect the tech bubble to slowly but gradually give up its air.
As the election is coming up, I am expecting the election results to not be available until a month later, which will potentially create more uncertainty.
A lot of weak hands will be wiped out as they always do...
We are in the longer term accumulation zone.
If we get one more stimulus, expect 13k then 20k end of the year scenario.
Trump gotta do another one to win the election.
If democrats won't pass the bill and Biden wins, expect the worse recession in years.
Here is the bitcoin Trade
Bitcoin Entry 11375 Profit 13157 Stop 10487
1) Trump will sign an executive order.
2) More money will be printed.
3) More inflation there will be
4) Oversold signals on the shorter time frames.