Coronavirus (COVID-19)
DAX struggling to defend intraday lowsRange for DAX is getting tight. Lows are getting pierced and highs don't tay long and we do lower highs for intraday trading. We still depend on stimulus deal, but now Europe is adding Covid 19 lockdowns all across the continent impacting again the economies and adding uncertainty to the near future.
Big movements expected just after the election, but for now, I will just be looking for short opportunities, despite my general Neutral bias.
Travel amid lockdowns and long-term recovery I'll be looking for a long term buy from December. Currently we have a precarious situation.
Retest of 14kI'm seeing higher lows on declining volume with negative funding rates (I'm expecting a volume spike in the coming week or so). With the fake news involving Trump's diagnosis with the holocough I'm expecting the S&P500 to continue upwards with bitcoin following. I see this as an easy call but of course I could be wrong... This is not financial advise.
BTC at Key LevelsBitcoin is at key resistance levels, this week is a going to be a hell of a battle between the bulls and the bears. My predictions is Bitcoin is going to break $11563 resistance if positive news towards stimulus and covid. Elections are around the corner and Covid could potentially be the straw that breaks the camels back.
Good luck everyone.
Be safe.
Covid UK death predictionSeems obvious and whilst the MACD is traditionally used on charts, i suspect it works like an R rate,. but uses cases instead of transmission rates. If people get properly ill they get diagnosed.
Timelines are drawn lower on the chart to highlight correlations between macd and action and to forecast lags in this outbreak. Some TA experiment, but i like it and pretty obvious.
Of all the charts i post, i pray that im completely wrong on this one.
Stay safe UK Trading viewers. Please feel free to join in with your thoughts as its a ticker on TV.
EURJPY - Second Time Lucky!A rather frustrating swing trade on EURJPY - executed last week, we saw a lovely 200 pip drop following EUR gaining strong bear momentum with the ongoing rising Eurozone Covid cases.
However this week price surprisingly pulled all the way back up to the resistance level!
Halting again at the 125.000 psychological level, I believe we should see another drop to the October low, potentially even further if momentum can sustain.
S&P Analysis Week of 10/18/2020 - Show Me the StimulusI'm not super excited about this week's setups for several reasons. The main reason, however, is that we are moving sideways and we are in between two major support and resistance levels. Usually, it's my opinion that traders should avoid sideways markets and wait for clarity and a high probability setup.
I did try to point out some possible trades, but I think these could turn more into day trades rather than swing trades.
There isn't a lot of room to hold onto positions if markets continue the whiplash and sideways movement. Sometimes that happens and a trader has to sit out a week or two until a high probability setup occurs. You don't have to be in a trade everyday.
As usual, I keep my charts as simple as possible and focus on support and resistance areas (I ignore all the fancy indicators that can be confusing but also create false signals). This week it was a bit more difficult to make a simple chart because there is so much in play (including a broken major resistance that has not be retested). Also, the market may still want to test 3500 yet again because of the significance and because it was the last major breakdown area. This is the simplest and cleanest chart I could draw out.
Prior to this week, I was not putting any sell trades unless they were very extreme because we are technically still in an uptrend. However, I think at the end of last week the market started to show weakness. The market has a ton of over head resistance and coming into a bearish wedge, so I wanted to point out at least a couple sell signals.
I split trade setup #2 into 2 plays (A&B). 2A is a bit risky in my opinion because if it provides a signal (breakdown of diagonal support), then price might immediately come into support if the broken resistance is tested and confirms support. I still wanted to list it as a potential trade. The safer trade (2A) is if the broken resistance does not hold as support and we see further price declines. That would be the safer bet but keep in mind that there is strong support just below it. That is why all shorts are risky until we break the major support area.
The bullish trade comes if we bounce off the broken resistance or off the major support. I don't see any other long trades unless we break all time highs (which I don't think is likely this week).
I'm still 99% sure the broken resistance will be retested (and possibly this week).
So you can understand why I don't like this week's setups. I'm not even confident I'll take a trade until we get more clarity and confirmation and or start breaking major resistance/support areas. I've been hearing a consistent theme amongst the trading community that we will not see any big moves prior to the election. Who knows what the market makers are planning.
Good luck and be careful. If anyone sees better trade setups, please let me know. Otherwise please keep in mind that I am not 100% confident about this week. I'll post updates if this week starts to show better clarity.
Remember when trading:
"When it feels really wrong, it's probably right. And when it feels really right, it's probably wrong."
$OPTI SURPASSES PREVIOUS QUARTER'S INCOME & REVENUE BY OVER 600%In summary, the Company surpassed its $4,000,000 projection for the period ending September 30, 2020, in fact, showed revenue and income totaling $6,284,609 and a net income of $3,381,730. In addition, the Company has paid in full all previous convertible institutional notes and the interest and liabilities associated with those notes. The only commercial promissory note remaining will be the premium to market loan when fully funded from financial partner, RB Capital Partners, Inc.
ih.advfn.com
Ready to collapse!The qqq it's been in an insane uptrend doing a resemblance to the bubble back then in 2000 with the hype of the internet, hopefully the story doesn't repeat but this scenario combined with the novel covid-19 makes me have some concerns about a not too far recession.
Chaos Cometh this NovemberThe only way I see this scenario being avoided is with a Trump landslide victory. I don't see that as likely.
A Biden landslide would be disputed.
A Biden small victory would be disputed.
A Trump small victory would be disputed (although the fight will be shorter in this case).
Once the chaos begins there will likely be no safe haven to be found, all assets are going to dump.
*THE TRADING REGIME #BITCOIN ANALYSIS - OCT 2020 TO JAN 2021*Hello Traders
We’ve decided to add #BTCUSD to our watchlist for the end
of the year.
Cryptocurrency is still fairly new to the market and lack regulation
We normally don’t trade it due to several factors however, here’s the
complete analysis and price points marked out.
It’s currently showing #bulls in charge
But keep in mind the bearish engulfing also present from $13k
Touch.
Crypto trading tips:
Be safe and take low risk(WHAT YOUR COMFORTABLE LOSING—-SCRATCH THE 1-2% theory 😂) ask me why in comments!
Be patient and disciplined in your approach((TRADE YOUR PLAN/RULE BASED APPROACH)
Don’t follow the “HERD”(HYPE/HERESAY)
Always protect your capital(stop loss)
Always only risk what can afford to lose.
The Trading Regime
COINBASE:BTCUSD
ALNOV NovacytStunning NOVACYT ALNOV here have its graph with supports and resistors we are bullish, we see good levels like that of 9.00EURO.
We'll see how this bullish rally continues but we think it will stay above the 9Euro level for some time keep it in sight.
Sincerely L.E.D. Be safe !!Allez Novacyt!! :))
In Spain at 16/10/2020
EURUSD - Multiple Bearish Technical and Fundamental Confluences EURUSD is currently extremely bearish.
From a fundamental perspective the rising Covid cases in the Eurozone are weighing heavily on the Euro, which can be observed across most EUR pairs.
Technically on EURUSD here we have a broken head and shoulders neckline in addition to a break of the 1.17000 psychological level. The next support zone on EU is around the 1.16100 level, September's low..
I can't see much stopping the fall if the fundamental pressure on Euro continues.
S&P Analysis Week of 10/11/2020: Will Market Continue Melt up?Over the last several weeks, my trade setups have been spot on and my returns on the S&P have been outstanding. Check them out in my profile.
As usual, I keep my charts super simple because I think markets are complex in and of themselves. Finding a high probability setup without all those noisy indicators (MACD, Volume, Moving Averages, and all the other ones I don't even know about) and complicated theories (like Elliot Wave) is what I do by looking at buying off support during an uptrend and selling off resistance during a downtrend. That's simple and easy to learn and it helps me find good trade setups.
This week I'm looking really only for long setups (trade 1 & trade 2). I put a short opportunity only if the strong support at the bottom is retested and fails (I'm not anticipating but I left it there for awareness). We are in a strong uptrend/melt up, so I'm not looking for a sell unless some major support breaks.
I also don't try to predicate where the market's will go. I look for trades on both sides and enter trades based on what the market gives me. I have some bias but this helps to keep them in check.
This week will probably continue to see the volatility and whiplash we have been seeing. I don't think that will be a surprise.
However, here is something I think people forget. When price tries many times to break above a strong resistance, breaks through finally and then takes off without looking back, 9 times out of 10, price comes back to the breakout area for a retest. When does price do it? That's the hardest question to answer because market makers will do it when it's least expected and may wait until price goes so far past the breakout that people forget and think we will not come back.
I'm 99% sure the broken strong resistance area will be retested. This is my trade setup #1. If price this week comes back to retest that area and resumes off it, that's a strong buy. Otherwise breaking above all time highs with a retest and resumption is another high probability setup in case you miss trade setup #1 or price keeps going up without looking back. But caution if price doesn't look back, that at some point in the future, price will most likely come back to that breakout area. So always be sure to take profits along the way.
Good luck and be careful out there. The market makers are really trying hard to screw both sides lately (even more than usual)
Remember when trading:
"When it feels really wrong, it's probably right. And when it feels really right, it's probably wrong."
The SP-500 Covid-19 Rally Smacked Down By COVID-19John Maynard Keynes, described in his “General Theory of Employment, Interest, and Money," animal spirits as the human emotions that affect consumer confidence.
Despite our animal spirits, Covid-19 has an animal spirit all of its own. COVID-19 is literally “going viral.”
The human race is doing a great job of reducing the death toll. But that will not stop people avoiding the potential risk. We are heading for a dark winter, and entire industries will be bankrupt.
How long can the technology and health sectors prop up this economy, when the average person cannot buy an iPhone or afford healthcare?
Every business leader I speak to, sees a bleak winter, cutbacks and redundancies.
Batton down the hatches for winter.
The white walkers are coming.
COVID-19 my possible personal expirienceConsidering the fact that I didn’t get a COVID-19 test before or after this experience I can’t say it was definitely this particular virus, so this experience lies in the plane of experience of one person.
This is pure personal experience and do not recommended to anyone to follow it.
GERMANY30 (DAX) Sell Off Beginning. Theres a huge disconnect between the financial economy (stock markets) & the real economy (jobs, GDP etc), this disconnect is apparent throughout the world's major economies. These disconnects cannot exist forever, so eventfully either the stock markets in the world will fall to reflect the major unemployment and real economic problems left by the pandemic OR we will see all the economic readings improve to pre pandemic levels or higher to meet the performance of the financial markets.
in probability terms, its going to be much more likely that the financial markets fall to better reflect the current economic struggles. Where this is most likely to happen first is in Europe as most if not all major European countries are seeing daily virus cases rise past previous levels set in the first wave, many countries already have or are currently considering additional lockdown restrictions to curb these rising virus numbers.
This is why I have chosen the GERMANY30 to express this trade idea and place my short.
S&P 500 EEUU 500Hello good morning I hope you’re right.
A few days ago I published this idea to you, to this day it is the same I have only modified trend and lines by market movement. In the comments, in the 2 comments that our brokers commented that it would follow the second trend, The fall BEARISH .
We believe that in the short term you will see high volatility whit corrections... but in the middle term we’re BULLISH and in the long run we’ lo see. LEAVE YOUR OPINION In the comments 1 or 2, and how they are positioned in short, medium up to elections, and long.
Sincerely L.E.D
In Spain at 13/10/2020
