turtlebuster

turtlebuster

The S&P trades well above the 50MA weekly, potentially overbought. Price action could work ifs way below the 200 MA. The risk to reward ratio may lead investors away from stocks and into bonds in favor of less but more assurable returns. Stocks have been all the rage since 2008 finacial collapse. The tide may have finally turned due to tight monetary policy by...

turtlebuster

The 50MA is converging with the 200 MA on the daily chart. If it crosses above it is referred to as a golden cross and is considered to have upward momentum. The idea is simple but can be added with other indicators to support a trade. Bears say AMC has too much debt. I read that AMC successfully refinanced some debt. Huge win for the company. If they ever...

turtlebuster

The 50MA is converging with 200 MA on the daily chart and if it crosses below it is referred to as a death cross ☠️ marking bearish sentiment potential downward momentum. A golden cross formed OCT 29th, 2023. The price is up %140 from that date. This idea can be combined with other technical indicators to support a potential trade.

turtlebuster

Based on my analysis, the price of copper has successfully breached a crucial resistance level, signaling a potential trend reversal. The price has made 4 attempts to break through the resistance line before finally pushing through, followed by a retracement and a bounce off the newfound support. Interestingly, a huge spike in trading volume coincided with the...

turtlebuster

My trade idea is short the NASDAQ because of the shooting star pattern which indicates a reversal. Of course, it should be supported using additional indicators with clear entry and exit parameters. Thank you for looking at my idea even though it is simple.

turtlebuster

Price analysis on the weekly chart shows a Hammer Candlestick, indicating a potential reversal where buyers are stepping back in after price decline. This can have HUGE implications for traders across financial products.

turtlebuster

Shooting Star on the 4 hour chart. Classic reversal pattern. It can be seen on the daily chart as well but not as clean.

turtlebuster

Traditionally, oil has an inverse relationship with the stock market. As oil prices rise, it can lead to higher production costs for companies, impacting their proftability and potentially causing stock prices to fall. Conversley, lower oil prices reduce production costs benefitting various sectors, boosting stock prices. However, lower oil prices could also be...

turtlebuster

My analysis shows a trend line for the price of oil that has been broken and now I believe the price of oil will continue trending lower.   Fundamentally, I believe rising interest rates are putting downward pressure on the economy and thus energy prices.

turtlebuster

I've always been a fan of Shell corporation. In spite of the fact they are an oil and gas company I believe they are committed to leading us into a cleaner and greener future. They are well positioned to provide clean energy. In addition, I believe Shell is benefiting from high inflation and high energy prices. The chart for Shell is a great example of both...

turtlebuster

XMR is trending higher. Chart pattern shows bullish flag with flag pole. Watching for a bullish breakout. Manage risk before making a trade.

turtlebuster

Consolidation underway (tighter trading range) Fundamentals - EURO and other countries have been falling against the US dollar. Possible short term price could break up from the triangle. However, longer term I see no reason why the Euro won't continue its downward slide.

turtlebuster

Copper has been in a huge uptrend due to global demand primarily in automotive but other sectors as well. However, rising interest rates and geo political tensions will put a strain on trade and cause a sell off in commodities. The technical pattern is rising wedge. It could take a few months for this to play out.

turtlebuster

My eyes, if I'm not mistaken, can see a trend in the upward direction. While volatility abounds, a support can be found and the sell off in stocks will likely continue. Fundamentals, TNX treasury yields are rising quickly and will likely never return to previous lows. This is not good for stocks. Cheap money is over and investors will not be happy about that.

turtlebuster

LINK broke through resistance and will climb higher. Fundamental, Chainlink has a powerful team of developers with a lot of resources. This token is going places.

turtlebuster

BCH has been under consolidation for the past year. The price will need to break through resistance if the current uptrend is to continue. Fundamentally, I think BCH has a future because many institutions with large computing power will profit from becoming a node.

turtlebuster

I know my idea is simple and your welcome to check it with your own indicators but I propose that this stock is preparing for a torrential uptrend which will finally end a multi year downtrend. The reason is because the price is finding itself bound up within a tighter and tighter trading range over the past year. And with pressure must come release. Sure, we...

turtlebuster

ETH is under consolidation forming a bearish pennant which could break to the downside. I think rising interest rates and energy costs is bad for crypto. I think investors will be seeking safer less volatile assets.