Who will be the winner in the long term? The $USD? Gold? Bitcoin? Etherium? I see a trend forming. June was a strange month for cryptocurrency. Equity prices were volatile, but making huge gains, while the price of both etherium, bitcoin, and gold traded sideways. Then since late July BTC/USD surges 27%. Values of ETH/USD are reaching particularly high levels...
Initiated a short position here. Looking for 10% gain. Stop loss at 5%. 2-1 risk/reward ratio. Will be mainly using the pitchfork and as a visual guide, and using my macd signals for alerts. For the last 2 months, if you initiated short position at the upper band of the channel just after the (close long) alert signal, and closed short position at the first (open...
I'm bullish Tesla. I like how they are producing profit now. They are also still investing in research and development in a time of crisis, which is what they need to do in order to stay ahead of the rest of the EV auto industry. Despite Musk's interesting remarks, in a few years, I think they will be selling millions of cars per quarter.
I think people will start buying gas again when they start going back to work. So I think some of these brutally battered oil companies will recover. Diversify with an ETF, it's good practice. I would also check out WTI.
Notice my custom MACD line crossing below both of its signal lines. Before, when It crossed above them, the price went up and there was a normal MACD cross there shortly after. I think now the price will go down to retest the lows of March, and possibly even go lower.
My custom "Fast MACD" (Yellow Line) line crossed above its two signal lines. I think the regular MACD (Aqua Line)crosses above its signal line soon as well. At the time of that cross, we should be seeing some recovery from this coronavirus in the markets. Semiconductor companies still have incredibly strong growth.
The thick red line and the extra 50% drop by Dec 2020 reflects the possible slow cooling of the economy as the world shuts down to contain the coronavirus. I am long term bullish, so I will be buying at this point, and buying at many points in the future, not selling.