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let it close above the 13 ema 1st
appears to be a perfect 5 count down. ..basxed on this u can target the 38 fib which is basically known as a dead cat bounce so make sure you take profits as it may head lower
notice the rsi starting to climb and bulishly diverge ..peace
taking this trade on bitmex on 10x leverage so 20% is 200% profits
yoo hey yall
amazon looking like a short. My last amazon play went pretty well . over 250% profit.
now its time to short it for a bit but i do beleive amzn will continue to uptrend. its all just market cycles and crap..it has to go up to go down and has to go down to go up..
4:1 ratio but may move stop up some
netflix looking like a long from here after it broke through that resistance around 286!
it is 6% profit but with the broker i use its 100:1 leverage so that would be a 600% return on my investment! ill go for it with proper risk reward ratio of course. why not
its pretty oversold on the rsi btw
feel free to discuss
I like bnb coin since its binance coin
it gives users of the platform the ability to get 50% off fees blah blah blah
so its gonna go up regardless
if it faces another wave down then its a great point for entry and 2000% profit
i will explain later in another analysis
besure to wait for resistance breaks and the yellow...
Won't give a long drawn out detailed analsis at the moment
but the green are buy zones. and the red is resistance
i used fib to draw all my stuff
when last impulse wave finds support generally you can count on an retracement upwards to the 30-38% fib retracement even if its gonna fall back own
the 38 fib is also known as the dead cat bounce but the market...
IF we look on the larger timeframe we see a 5 count being completed on the downside
zoom in to find lower timeframe resistance and support
a higher tf lets us know which direction the trend is
so im going short and targeting the exact lenght of the first wave