Spot
LONG POSITION FOR WAVESUSDT IN BINANCE CHARTI THINK AFTER PULLBACK ON "PERFECT TRRIGER" IT`S GOING UP ! 8D
BTC/USDT 1D (Binance Spot) Big ascending channel trending#Bitcoin is up trending again and killing it all, let's try to catch a dip on a pullback for a nice swing!
This is the Spot pair chart, but we will trade it on Futures with low leverage, wait for entry zone to be reached.
Current Price= 14889.62
Buy Entry= 14552.30 - 14032.30
Take Profit= 15096.00 | 15799.90 | 16699.37
Stop Loss= 13488.60
Risk/Reward= 1:1 | 1:1.88 | 1:2.99
Expected Profit= +11.24% | +21.10% | +33.68%
Possible Loss= -11.24%
Fib. Retracement= 2 | 2.272 | 2.618
Margin Leverage= 2x
Estimated Gain-time= 1440h
PAXG/BTC 4h (Binance Spot) Descending channel on support, againI know, I'm trying hard with #PaxGold but I've got that feeling it will be worth it.
XAU (true #Gold) is very bullish, not as much as BTC but still, take that as a hedge position if crypto market dips!
Current Price= 0.12701
Buy Entry= 0.12535 - 0.12161
Take Profit= 0.13208 | 0.13858 | 0.14987
Stop Loss= 0.11488
Risk/Reward= 1:1.2 | 1:1.76 | 1:3.07
Expected Profit= +6.96% | +12.23% | +21.37%
Possible Loss= -6.96%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 360h
ADA/BTC 1D (Binance Spot) Falling wedge on support#Cardano is getting ready for reversal here since the support seems to be holding so far.
It's too early to call for a breakout, but at least a pump to wedge resistance is highly probable!
You can trade it on Spot or in Margin but be careful with liquidation price if you decide to do so...
Current Price= 0.00000673
Buy Entry= 0.00000678 - 0.00000642
Take Profit= 0.00000737 | 0.00000824 | 0.00000919
Stop Loss= 0.00000596
Risk/Reward= 1:1.2 | 1:2.56 | 1:4.05
Expected Profit= +11.67% | +24.85% | +39.24%
Possible Loss= -9.70%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 1080h
CW theory from Michael Alpha. www.youtube.com
Hi there. Please find a video with explanation of theory which I worked on couple of years.
I could be fully wrong, but anyway there is a bit of magic here. I would be glad if you comment video here or in youtube, so we could create something more than just this strategy. And if you could make money - I will be also glad. In this case you could always say thank you to me.
So, please engoy and give your feedback if you have smth to tell.
SPOTIFY - buy support zones analysisHello traders,
Description of the analysis:
Spotify Technology ( SPOT ) support zones ideal for timing long positions (gray). A possible correction could provide a shopping opportunity in interesting volume zones. It is definitely worth following further developments. The thickness of the support zone reflects the importance of this zone.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
Our Stock of the Day / SPOTToday we have a Swing trade to share; consider that this type of setups can take months until an exact resolution. Here we will give you a full explanation.
Main items we can see on the chart:
a) The price was inside a Huge range that has been broken; a good way to understand the target of the broken range is to extend the size of it towards the broken side
b) We can see that the price reached that extension, and after that, a corrective structure was formed
c) The current corrective structure is an ABC pattern with great proportions with the previous impulse. Based on that, we consider that the structure is completed
d) Now we want to trade the breakout of the ABC or ZIG-ZAG pattern
e) We have our Entry orders above B and our Stop below C. We are using Fibo Extensions to define our Take Profit (1.618 level ) and Break-Even (1.272 level)
f) IF the setup is executed, we expect a resolution between 100 and 150 days
g) We will take the risk of 1% of our Capital on this setup
h) We will cancel the setup IF the price makes a new low below C
i) Remember: Trade Safe, protect your Capital, and always understand what you are doing!
Spot Silver Weekly Chart: Very Long term BullishSpot Silver , current price $23.72. comparison with 2011 trend when at all time high and where we are heading in long terms , direction for long term is clear , we are in super bull market , wherein we should keep buying silver on any major retracment or I may say buy on dips to see we reaching first all time high of $49.81. and then probably seeing all time high of $55. the time horizon for this should be from here to next 3-5 years.The above study is for educational purposes and should not be considered as Financial Advice
Spot Gold XAUUSD Weekly chart : BearishSpot Gold XAUUSD, current price $1,861, this view is for medium term and not day trading ,bearish engulfing candle, crucial support lies at $1824 ( 61.8% retractment), if broken will see downward slide towards $1,688. There is lot of similarity to the pattern in 2012 when it created top and retracted back more then 38.2%, similar pattern is coming with downward slopping RSI and hence we may see more retractment. From the retracted level we may see price continuing long term uptrend and may move higher and see price testing recent highs of $2,075
the above view is for study purpose and should not be considered financial advice.
Massive Bullrun Into Earnings | Moving In Divergence $SPOTIt's time to unload on longterm shares. No one is paying attention to Spotify SPOT . Media outlets and even us traders have both been rather silent on Spotify and it's movement.
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This stock currently sits above what has proven to be a temp support @ $230 . We have a monthly support @ $227
Watching the orange downtrend as previous resistance, we just saw a confirmation of this breakout today.
Possible long on a break of downtrend with next resistance @ $242.
Upside targets: $242, $265, $284.
Possible Short Entry: $220
DotcomJack | Thanks for the support!
Bless up traders
SPOT has been on a tear in 2020.. but will it continue?Diving into SPOT, if you've been in this stock this year you've probably been pretty happy with the performance. With a number of big product releases and the effects of JOE ROGAN and MICHELLE OBAMA signing exclusive deals to drive subscribers, the stock pumped so fast from around $180 to nearly $300, that if you blinked you probably missed it.
Well, what now? Do you buy at these levels, do you wait? Whats this company really worth?
Obviously SPOT has a lot of competition. With AAPL launching their new subscription service packages that basically will force me to have Apple Music, and AMZN launching podcasting on their music service, how many music services does one person need?
I still love my SPOT subscription more than any other service option out there. That's what keeps me believing in this stock. I don't want to ever give up my Spotify, and I bet most others don't either. I'm willing to put my money where my mouth is.
Remember NFLX just 5 years ago? That might be where SPOT is today. It's worth considering.
Now let's look at the chart. I've drawn an Elliot Wave pattern in there, and what a correction might look like. We are definitely in a correction pattern right now. My intuition and my bet is that we are in the 2nd wave of a much larger cycle. What excites me about that is the 3rd wave tends to be the largest move. That would mean if you want to play a longer term trade like me, you want to buy in anywhere in the $182-$227 range. I would recommend your sweet spot to be above $200, even around $210-220 depending on your tolerance for missing a buy opportunity.
This stock has a lot of love, and psychological supports are a thing. That's why I find it unlikely we'll see this stock below $200 again unfortunately, and if we do then we need to double check our fundamental analysis and if nothing has changed we will go in with both hands.
Now the real exciting part of that trade, should you get in around these levels and lower, is the longer term target is close to $400. Should SPOT continue to diversify their service offering and have that "sticky" product effect where it's just something we all need to have, this isn't farfetched, and is a likely story to happen in the next 1 year.
Meanwhile, for the shorter term trades, volatility in this stock can be good, and therefore if we are in a 2nd wave correction, then this is a great time to both be getting a position, but also trading within the correction to make that position as cheap as possible for your 3rd wave run.
If this does manifest, and one plays it correctly, by the time you reach my longer term target you should be able to sell a portion of your stack and hold a free and sizable position in this household name.
Disclaimer: I am not a professional, nor do I claim to know what I am doing. I chart for my own education and revealing potential trade setups. I am always open to constructive feedback and resources that you can recommend to "up" my game. Thank you!