BTCUSDT short using proprietary multi-timeframe trend detectionBTC has rejected the short term trend (13D EMA) yesterday and again today on the H1 time frame. For the coming hours it will be quite interesting to gauge wether we see a reclaim of the H1 200D EMA or not.
We've had a candle close below it and look to be targeting 65.5k - 64.7k in the short term. Would be a great zone to look for swing longs into new highs in my opinion.
Entry: 66874
SL: 68007
TP: 64736
Short term I'd like to see the H4 close back below 66k for relative confidence that this leg is well underway. Will look to move the SL into BE when that happens.
Moving Averages
$SPY October 22, 2024AMEX:SPY October 22, 2024
15 Minutes.
The downward bias target 580 was done yesterday.
AMEX:SPY bounced back with a good bar with close near top of bar once 580 was done.
This was 9 averages in daily.
For the fall 585.39 to 581.60 AMEX:SPY retraced 61.8% to 583.5 levels.
For the rise from 565.27 to 586.12 AMEX:SPY has retraced 23.6% levels.
So today holding 580 is crucial for furter uptrend to continue.
Buy is above 585 levels and sell below 580 levels for a possible target 573-575 levels.
This is not a chart to short for more than 3 to 5$ targets as of now.
If draw an extension from 566.6 to 585.27 to 578.54 first target is 588-590 levels for a buy above 585.
I expect a good move today or tomorrow as all numbers near moving averages in chart in 15 minutes time frame.
Time for a sideways consolidation move with bias towards upside.
$TOTAL Crypto Market Cap Trying to Breakout - Retail IS ComingOnly thing we’re waiting for is the Crypto Total Market Cap to breakout.
Golden Cross on the horizon.
That’s why we’ve seen lack of volume in breakouts for CRYPTOCAP:BTC and Alts.
Means money is just switching from coin to coin, primarily from Tether in circulation, hence why CRYPTOCAP:USDT.D is going down.
CRYPTOCAP:TOTAL breakout will be fueled by retail, which should slowly come in the next couple weeks leading into another round of rate cuts on the 14th, followed by Donald J. Trump being declared the President of the United States the very next day 🇺🇸❤️
YOU'RE NOT BULLISH ENOUGH 🎯
MBLY SHORT SQUEEZE INBOUND!!! NASDAQ:MBLY
SHORTS ARE COOKED ON 🩳🍋
We finally closed over the 50MA, extremely BULLISH!
There is a massive short float on this stock that's making higher highs. #MOASS #SHORTSQUEEZE INBOUND!!!
My 1st price target for this daily chart is...🥁🥁🥁
🎯$14.80
Not financial advice. 🖖
Dicks Is Drifting Before the HolidaysDicks Sporting Goods began the year with a breakout to new highs. Now, after a long period of consolidation, some traders may see potential for another push to the upside.
The first pattern on today’s chart is the rally in the first quarter, plus two bullish earnings gaps. Results also beat estimates in September but the stock failed to advance. Those patterns may reflect positive fundamentals as attention focused elsewhere.
Next, the retailer has spent seven months above its peaks from 2021 and 2023. Has new support been established above old highs?
Third is the September low of $202.35. DKS tested and held this level in October. That could suggest another new support area has emerged at an even higher location.
Fourth, prices have remained above the rising 200-day simple moving average (SMA). They’re also near the 50-day SMA. Both of those points are potentially consistent with positive trends over the long- and intermediate terms.
DKS ended Friday by pushing above a falling trendline. It also had the highest close since September 4. Traders may view these points as early signs of a potential breakout.
Finally, U.S. retail sales beat estimates last week for the fourth straight month and the holiday-shopping season is coming into view. Investors may like that bigger picture for DKS.
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Next bullish impulse aheadBuy stop order placed. On the last trading day the downward correction could be finished with the creation of this hammer candle. If the price breaks the Thursday's daily high we can expect the next bullish impulse to take place. This should last as well for a couple of days.
Meanwhile, all the moving averages are still bullishly aligned, indicating that the price could be ready for another move.
Long trade ahead?I've placed a buy stop above the last trading day's high. Bullish factors for this are:
After reaching the low on the 5th August, the price has formed a nice upward trend consisting of higher highs and higher lows.
We are now about to form the next higher low (this will be confirmed by a break of the last day's daily high).
The 30- and 50-day SMA are about to align bullishly.
Ready for a long trade?I've placed a BUY STOP order above the last trading day's high. The reasons :
If the last high gets broken to the upside, I expect a short-term turnaround of the price movement.
The simple moving averages should do a bullish crossover.
the privce could rise until the last high zone between 3.00 and 3.38 USD. With this the chart could form a cup & handle formation .
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
Penny stock are Risky and Easy to Manipulate check the Fundamentals of Company before investing
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
Penny stock are Risky and Easy to Manipulate check the Fundamentals of Company before investing
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think