Tomo Of Defi and safety. Tomo and COMP are perhaps the 2 backed defi protocols out there. Although they dont offer as high APY as other protocols, this is also reflected on their liquidations during events such as this week. Both comp and TOMO attempt to offer sustainable defi and therefore have higher chances of surviving a pro-longed bear run. At these prices the TOMO token is a blessing. Technically speaking this level is a key hold level and very good to fill bags at.
Oportunity
TRADE OPPORTUNITY – LUNAUSDT Bearish channel 1hAfter a big rise on the daily chart LUNA is looking for the bottom to continue its trend giving us a great buying opportunity.
Indicators Used
*Fibonacci retracement
*RSI lvls
*MPVR
About the BEARISH CHANNEL graphic pattern
Channel of a pattern where the asset loses funds but has no downtrend continuity. It shows a depletion of buying force and tends to break out to the upside reversing the trend of its timeframe.
Current scenario
As everyone knows, no asset goes up forever, needing to create funds to maintain its uptrend. Luna has been in a strong uptrend for months on the daily chart always looking for bottoms when the RSI on the 1h hour chart goes into oversold. Now we are forming another fund, a great opportunity for purchases.
Strategy
Buy at the bottom formed at 1h in oversold.
Using RSI lvls we can see the buy range where the 1h chart goes into oversold and marked with the yellow box. In the middle of this region the MPVR points to a strong support range at the value of 106, which indicates an excellent entry point. The value of 106 also coincides with the Fibonacci retracement, where 0.65 at an excellent entry point called the GOLDEN LINE.
Conclusion
As I always divide my equity into 10 shares and position within the yellow buy range to get the best average price, however, this time I will focus more heavily on the value of 106 due to MPVP. As Alt Coins are extremely volatile I will protect myself from an unlikely, but possible flush up to 100, a strong psychological number, positioning my STOP just below.
The exits I mentioned before are made partially at each strong resistance, however if the uptrend remains strong I will make a partial gain on the first resistance and I will stop making partial gains by raising my STOP at each bottom formed at 1h to try to surf the wave .
BTC WEEKLY CORRECTION... UPDATEThis is an update from the afternoon of 02/20/2022.. if you haven't seen it, see the post with all the description and techniques used: -CORRECTION-trading-strategy/
WEDGE DESCENDETE AT 1H FORMED!!!
Upon entering the turmoil zone where there were a large number of waves, BTC formed a descending wedge pattern, a pattern that usually breaks out to the upside.
DESCENDING WEDGE.
Trend reversal pattern where the asset loses funds but does not continue to fall, generating a depletion in the buying force.
This pattern was formed in the price turmoil zone and on the oversold RSI. It took an update in the price entry zone sideways before entering the oversold zone on the RSI, which pulled it further down, sorry I wasn't home to post.
Now I continue operating this pattern by making entries at the base of the wedge, taking 10% profit on the resistance of the wedge and if there is a continuity of fall I add this profit to the base again to have the best average price. I canceled my stop and now I will accept the stop loss if we miss the bottom of the wedge.
This pattern is the same as when I took the bottom of the monthly, previous post, where when entering the buy zone it formed a descending wedge and broke up.
GBPJPY - inverted cup bearish big short oportunityif you have entered this trade as i did during today maybe you also have not realised this could be huge.
Now after looking to a bigger time frame it looks like we have formed an inverted cup with a handle breakout during today ... are we going to see the cup breakout?
eyes open for this one
WTI CRUDE JULY - Triangle range - USOILNYMEX:CLN2020
WTI July contract is trading inside a triangle now
Next week we will see this testing the 20.71 range again possibly forming a double bot pattern bouncing the price back to the top of this triangle pattern
This is still looking pretty much bearish overall raising some concerns for the next contract roll over.
Most likely we will see a breakout towards the end of the month with the rolling contract approaching and price will push the 17 dollar range
DECENT potential out there, BASIC technicals!Simple technical analysis right here!
The probability of a bullish breakout is around 40%, but the potential gains are huge!
The end of the breakout on the tip of the line is on the level, above which everything will be determined by fundamental already!
We must admit that technical analysis has it's limitations!
Lifetime opportunity, soon Bankruptcy, short with PUT options!!It's time to talk about the story of a decade!
It is now clear, that General Electric has been cooking it's books for years now!
Says Harry Markopolos, a legendary whislteblower, who runs a finical fraud detection company, famous with him exposing Bernie Madoff and his Wall Street firm Bernard L. Madoff Investment Securities LLC, a hedge fund that turned out to be a giant Ponzi Scheme!
The company is allegedly lacking 39 billion in cash, that being a conservative estimation, covering up it's losses with sophisticated accounting and it's organizational structure!
I am long PUT options on the 2.00-1.5 level with 4-6 moths expiration, and will be adding to the portfolio each month!
When the company announces it's bankruptcy the stock price will go below the mentioned levels, ideally to a couple of cents per share!
A MASSIVE opportunity with 1:100/ 1:300 returns, as the put options on these levels are currently worth almost nothing!
even if the odds of it going bankrupt is 1:2, the risk return ratio is just mind blowing!
It is important to note, that I am taking 4-6 months as an average for the previous cases of such fraud detection, like Enron and WorldCom, which both went bankrupt within 4 moths after the exposure!
S NYSE:GE o I am just being on the safe side here, being up put options with further expiration each month!
It does not matter how the stock's price behaves during these 4 months.If it goes up, take it as the opportunity to double down on your PUTS position.
Momemtum, good oportunity to catch itThe price it's repeating same oscillations and it's oversold, this is a good oportunity to buy low and sell on climax momentum.