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LINKUSD - conquering FOMO by initiating short to 6.15This is my trade plan for KRAKEN:LINKUSD . Multi high top formation is evident, bearish bias is further supported by drop in volume. Recent retest of 8.25 resistance (2 nd rejection) provides an opportunity for an early entry into a short position. Stop loss is placed slightly above one of the previous lower highs at 8.62. I suggest to further add into the position if the pattern is validated by a bearish candle with a higher volume. 7.32- 6.15 rage seems as a plausible profit taking area. at that point I would look for trend reversal signals, to post a long position aiming for new highs (around 13.5 - suggested by a Fibonacci extension, drawn from all time low to all time high). There are fundamental reasons to remain bullish on LINK in the long term (unique need filled by decentralized oracles, gaining momentum in public awareness).
KRAKEN:LINKUSDShort
by PurseLance
6
SPY ShortShort Tops. Here are the Potential Tops if the 259-262 Monthly Area Holds at the close. Explanations of the above ranges, areas to take profit/scale-out and scale into shorts. As a starting point- some downside positions should begin now. "Healthy" consolidation and premium decreases on options. I expect us not only to re-test lows but to break below them. This is not a timeline of a day or days. This is a matter of price action and am not attempting to hit the timing on the head. Thus, get decent further out contracts if trading options.
AMEX:SPYShort
by CNotes1234
Finding Bitcoin Cycle Bottom Using Fibonacci ToolIn this post, i'll share a tool which helps you find Bitcoin's market cycles bottoms, it is the Trend Based Fibonacci extension. You don't need to understand what this tool is to know how to use it, but if you want an explanation here is a video. www.youtube.com First start by laying the trend at the market top, then count from there the next 3-4 lower lows, lay the trend, and extend the fibonacci tool part to the next closest lower high. That's it! Now you just keep an eye out on those levels. An important Note These levels are to be used as areas to determine where to buy or sell and not specific price point . This is too help you find a better entry on average and potentially not miss the next run up.
BNC:BLX
by Muncher
How history hypes predict future price movement!Sometimes I ask myself why am I producing all this educational material on TW since it gets much fewer views than trade ideas themselves. Usually, the answer is because I want to give something back. I want to teach the ones that want to learn how to catch a fish, not only get a fish. Nikola Tesla said that we should check number 3, 6 and 9 and we would know much more about the World itself. Let's check what number 3 tells about crypto markets. Do you see 3 tops on all 4 graphs where the next one is lower than the previous one? - 1st one is local hype top (peak) - 2nd one is a local dead cat (where people still think run will go on) - 3rd one is usually the last one (where weak players lose hands) When that happens it's time for FUD to go away and recovery comes in place. However, nothing can go exponential until the end. It has to stop to get some fuel for the next local hype. That's consolidation before the next push. It can build up sideways also, but usually, it already has some upwards movement. Some are faster like 135days or 185days to the next top in 2016 or 55-56days in 2017 when we are already deeper in the next bubble cycle. Where are we today? Is it consolidation or is it 3rd local top? What do you think!?! Give some opinions in the comments below and I will write down where I think we are. With approximately 90% probability! ;) Enjoy your trades and don't forget that it's just an idea and not investment advice!
COINBASE:BTCUSDEducation
by Samoto
11
Will Get Pumped Soon. Near The Bottom Of It's Range. No VolumeOne of those Greek drybulk shipping stocks. A new one on the block. Thalassa Investment Co. S.A.(of the Democratic Republic of Liberia) owns 1,124,094 common shares Universe Shipping Inc.(Republic of Marshall Islands) owns 235,200 common shares Common shares outstanding is currently 2,400,000 " We are incorporated in the Republic of the Marshall Islands, which does not have a well-developed body of corporate law, and as a result, shareholders may have fewer rights and protections under Marshall Islands law than under a typical jurisdiction in the United States". Shareholders' Equity: $9,474,582 6/28/19 We have entered into an equity distribution agreement with Maxim Group LLC pursuant to which we may issue and sell up to an aggregate of $10,000,000 of our common shares. Maxim Group LLC may sell our common shares by any method permitted by law deemed to be an "at-the-market" offering (F-3 approved by the SEC on June.21st for 100 million). Commission equal to 3% of the aggregate gross proceeds Doesn't get more obvious than this.... Our Chairman, Chief Executive Officer and Chief Financial Officer, Mr. Petros Panagiotidis, may be deemed to beneficially own, directly or indirectly, all of the 12,000 outstanding shares of our Series B Preferred Stock. The shares of Series B Preferred Stock each carry 100,000 votes. 1.2 billion votes.............Better believe the SEC will be watching this closely. There is a huge risk of a trading halt. This guy is sloppy, and clearly doesn't care about subtleties. If it starts to go supernova, like 200% or more, immediately sell. Even 150%. Don't push your luck
NASDAQ:CTRMLong
by InteractiveSwingTrading
4
Trading styles. Part 4/5. Countertrend trading.There are 2 types of people that do countertrend: - Those at the very bottom - Those at the very top (For those that did not learn maths post high school or is it in high school and didn't learn by themselves either: this does not mean that ALL people at the bottom or at the top do this... I think the majority of bottom feeders go for this, but for those at the top it is the minority like people that play noob champions in video games, bottom 10% perma pick them but they are rare at top 1% level - rare but not non existant). I have a correction to make on this series, I messed up. Trading styles. Part 1/5. The 4 different kinds of bottoms. ==> This does not fit in the list. It should be: 1/4 Pullbacks 2/4 Continuation 3/4 Countertrend 4/4 Ranging Bonus - Exotic strategies Bottom buying and top selling is an element of pullbacks and countertrend but should not get its separate thing. Countertrend can be going against the short term trend with the higher TF trend but this is rather buying pullbacks. Here I am talking about going against the high TF trend and getting out on a lower TF. As I have shown clearly on BTC this works. But as alot of bears that got decimated on the way up have clearly shown this is not that easy. You had to be really picky, enter as close to the top as possible based on many factors (and risk missing out obviously), and then babysit that trade closely. Most noobs still have not figured out how anyone that kept shorting could possibly have made money so... Clearly this is advanced. The problem here is that the bottom 10 or maybe even 33% really think they are at the top. They are completely delusional. Ego takes over or something. Just look at Robinhood casual investors... All going against trends. The OGs/pros keep repeating to go with the trend but they think they can outsmart everyone. Jesse Lauriston Livermore said around 100 years ago "I never buy on reactions... I never go short on rallies..." and "In my method of trading... I BUY after a stock makes a new HIGH". There have been people consistently profitable picking tops and bottoms (both pullbacks and countertrend) so it is not impossible, still, there are a microscopic minority and most people should not try going for this. The thing is, this is what I do ... Pullbacks and Countertrend. tried continuation and ranging too but it is too much I just do not want to lose my focus go do too much. I did not choose this it chose me. I have always been nitty picky and careful and "seeing things". Since I started, at the very start, I saw crypto alts pullback and give huge RR and high probability bottoms. Also going for breaks and such is annoying to me, have to be close to the PC, never goes how I want etc... Most people have clearly shown that they hate missing out! They keep repeating it they made it really clear! So why even consider going agaisnt trends? How stupid! You have to miss out all the time for it to work. If you follow the trend like most people and easiest way to make money, you get rewarded the more you FOMO, the faster you FOMO (as long as you know when to get out). More examples of predictable countertrend things: At the very first few times it happens ignore but after a certain amounts of times the patterns repeat itself the exact same way... Got to take risks to get gains. At some point probably stops working... With BTC there was also a period where someone dumped every day at the same exact time last year. Was easy to hop on and short just before it happened regardless of the trend, as long as the whale kept dumping. I think it lasted a good 2 weeks. I have a rule it is usually do not short anything at all time high (or buy all time low) unless you have very solid reasons for it... This sounds subjective. This is why only the best can go for it. The not best will find anything and count it as a very solid reason. Price can go up 150% before going down. So precision is necessary too. Actually my countertrend strategy is not even pure countertrend it is a mix somewhere between countertrend ranging and pullback. My other main strategy (got 2 main ones) is really going with the trend on a pullback. Do not trade corrections. And looking for the end of a trend sucks too but resistance + extension + momentum can probably work. Entering at the end of an ABC is cool it is what I do all the time, and and ABC might be a 12345 cannot always tell. This is a pullback trade not countertrade, even thought I think the new dominant trend is a bear one: Ah yes, most noobs buy something when it is "overbought", it is truly the most idiotic thing. Had to be somethign started as a prank there is no way. Unless you have insider info or saw a pattern repeat over and over going agaisnt strong momentum is idiotic. I do not even understand how those that do this are able to survive. They have help... No way they survive on their own. Mum perhaps? I also think people look at chart patterns that are only for continuation and apply them to go against the trend. There are those that incorrectly identify the trend thought... somehow... So I guess biggest dificulties:
BITSTAMP:BTCUSDEducation
by MrRenev
3
$CTRM Bases at Support for Next Leg Up PPS Target Still $8.00+Algoritmic Entities Brought Castor down to the $6.00 support earlier today and bounced it off it nicely after which NSDQ known for driving the stock up or down accumulated shares at that level and begun slowly pushing the stock up on bid. I do believe she is ready for the next leg up and have accumulated all I could. Remember the stock started trading on the NASDAQ in Feb of this year and has already had 4 major spikes. I anticipate another one should be coming within the week given the Baltic Dry Index has been on a tear since Feb. I also anticipate more updates from the company since it is newly trading and just launched their major ship in March. Happy Trading!!!
NASDAQ:CTRMLong
by StockGuild
Bitcoin Bottoming from Mining Revenue PerspectiveToday I want to focus on 2 fundamental metrics that aim to call Cycle Tops and Cycle Bottoms in Bitcoin: Daily Mining Income (USD) Puell Multiple Calling Bottoms Through the analysis of the USD equivalent Bitcoin Mining Revenue, we can forecast future bottoming areas. When Bitcoin topped in 2013 at $1163, it set the bar for the mining income level around $5.1M a day. And it's meant to be expected that the next BTC cycle 2017-2019 should bottom around a price range that generates this kind of daily mining revenue. This rule has been fulfilled during all the cycles since 2011 with no exception. Well, we know that a bottom between $2500-$3000 would fulfill that condition. Does it mean that BTC cannot move beyond that? Not at all, but certainly it hints that a move below might happen quickly because we would be trading at zones below value. Looking at the Puell Multiple, one might think that the bottoming already happened. Certainly, we're missing significant volume, a significant bounce and the institutional blueprint. But looking at the facts, this indicator has a 100% track record at calling cycle bottoms. Is this time different? Calling Tops The Puell Multiple also works as a proxy for calling Bitcoin Cycle Tops. The metric is pretty simple: Looking forward we'll know that we are about to top, once we exceed 5x-10x the average mining revenue from the last 365 days.
BNC:BLX
by gliderfund
13
Possible GBP/CAD short Position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 days Actions on - A – Activating Event Market will meet resistance in zone @1.75 - .... and fall to the @1.70. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.70 FX:GBPCAD Trade Management Entered @ Sign up for mentoring Stop Loss @ Sign up for mentoring Target 1 @ 1.70 Target 2 @ .... Risk/Reward @ 3.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Join our Mentoring Program TODAY!! twitter.com Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
Possible short aheadOver the last two weeks we have see and consolidation in a transition zone with lower lows. Currently price is sitting above a volume point of control. A point of control like this can provide substantial support or resistance. The sagging RSI leads me to believe that price will drop however before entering the trade id like to see price fall below the point of control. If that happens I believe price will fall to the next volume node. Enter around 148.048 Stop at 148.800 and target at 145.060. Happy trading Look at my other suggestion and if you like what you see, Like Share and subscribe!
Short
by Maveric12