Please be careful, though the hype has begun to die down, the tendies served, and the hedgies served up, they must have been on to the reddit gang since they realized (at Melvin) such significant losses. If I were a successful trading firm, media attention + reddit retail + word of mouth would have me SCHEMING to create conditions to mitigate those previously...
With the release of discover+, Discovery's entry into the streaming wars, announced on the 2nd of December. This breakout is not one I'd scoff a fade play. Keep your stops tight. I like a Bull Credit Spread here.
As one of the more interesting alts available, as well as a token that moves independent of top alts, this is one to watch. As bitcoin continues to pullback, there may be opportunities to play this token from the buy side.
FDA phase 3 failure led to a massive dump.
As we know, every reaction in the market is an over-reaction, so get in while it is cheap, or wait and see.
Maybe selling puts here could be the correct action.
Best of luck.
Pinging the .38 on the 3h.
I do believe that given the state of the S&P and the American political climate, we will continue forward as money flows out of equities and into safe havens.
The horizontal lines are where we tested the 180 period MA and we look to have rejected it, for now.
Caution : Silver is notoriously manipulated by investment firms / banks /...
On the daily, it is clear that the 50% fib was tested and is currently ( hopefully ) rejected!
I expect a very large run in $SLV tomorrow as well as mining companies. Provided this bullish engulfing candle does not pull back VERY harshly, I think this is the continuation we have been looking to see.
Live long and profit.
Hey traders, this is a long term forecast using my knowledge of the HA sticks being my favorite indicator for filtering out trend noise.
See the fibs, see the blue arrows, live long and *hopefully* profit my friends.
BEWARE OF A HEINOUS CORRECTION!!!!!
Do not underestimate the power of the H-A candles. Trend looks to have run it's course.
Bearish trajectory to long target of the whale wars favorite, 469.
Best of luck, live long and profit.
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