Spot
SPOT EARNINGS CHART - SPOTIFY TRENDS SPOT chart for earnings. IMO, it probably see a rejection around 152ish and then drops down to buy zone 1. After buy zone 1, the return takes it back around 142-147.
Due to the nature of earnings, we could potentially see the drop to 126 all within the AH
Earnings potentially takes it down all the way to 102.
It's hard to say that earnings pumps, and the reason for that is due to the tech sector. Most tech stocks heading into earnings look like a small pump, followed by a decent sized retracement.
Potentially this, it would allow for some great movements, and trade setups.
SPOTIFY: Enormous upside potential.Spotify opened on a huge price jump following the much better than expected EPS and is approaching the July 19th High (182.65). Technically it turned bullish on its 1D outlook (RSI = 65.875, MACD = 1.600, ADX = 16.057) and a new long term uptrend seems secured as yesterday's rebound started after a clear hit and bounce on the HL trendline.
Price wise it looks like the arc pattern of November 2022-January 2023, which after the Resistance break, reached as high as the 2.0 Fibonacci extension. We have every reason to expect a similar long term rise to Fib 2.0 (TP = 235.00).
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SPOT Spotify Technology Options Ahead of EarningsIf you haven`t sold SPOT here:
Then analyzing the options chain and the chart patterns of SPOT Spotify Technology prior to the earnings report this week,
I would consider purchasing the 155usd strike price in the money Puts with
an expiration date of 2023-11-17,
for a premium of approximately $12.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
🔥 Bitcoin Spot ETF Approved: BUY THE RUMOR & SELL THE NEWS 🚨The BTC spot ETF has finally been approved, but will it result in the massive bullish pump that EVERYONE has been expecting.
My answer: No.
It's public knowledge that the Bitcoin spot ETF will be approved at some point now for months. Thus, most traders have already bought a position in anticipation.
Like nearly every ETH/BTC ETF news we got this year, I'm anticipating this to be a Sell The News event.
If there's something that I've learned over the years, it would be that if everyone expects a certain outcome, the opposite will often happen.
Yes, this is long-term great news for Bitcoin. However, I highly doubt we're going to see the massive shift in trend that people have been hoping for.
Nevertheless, I'm happy to be wrong, as a new high this year would definitely be against my expectation. The market has to prove it wants to go up first before I believe it.
Be warned.
$BTC weakening & comparison of Futures vs Spot, AGAINCRYPTOCAP:BTC is weakening further. Although the CMF shows TINY accumulation.
#BTC MACD histogram shows a slight neg divergence. This means that there is a decent chance MACD crosses over, negative.
Find it interesting that the Head & Shoulders neckline is right at the Nov 2022 bottom #Bitcoin trendline, blue dotted line.
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Now let's compare Futures vs Spot
RSI on spot CRYPTOCAP:BTC is much weaker compared to derivatives.
CMF shows huge differences between Futures vs Spot #BTC:
Futures Sold off & slow grind up vs Spot volatility
This was short covering vs Spike = false reading
Countless examples over the years on why using #bitcoin futures/derivatives charts is better, #crypto
$BTC gets great news, let's see how far it goesWas not going to post this but... Like clockwork, again.
We noticed a slight BULLISH bias for $BTC. Even mentioned that there's huge demand for #crypto related #stocks.
#BTC gets positive news today.
Grayscale wins lawsuit against SEC for #bitcoin Spot #ETF.
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Previous post (see profile for more info)
CRYPTOCAP:BTC is once again making case for BULLS short term.
We'll see.
4Hr RSI getting stronger & can be seen on daily.
Longer term #BTC has a GREAT case for bulls.
However, don't be naive.
Current area is not the best place for #bitcoin to build SUPPORT levels, 25k is much better, BUT it CAN!
Mapping Out Bitcoin's Next Spot Buy Zones!
📈 "Mapping Out Bitcoin's Next Spot Buy Zones! 🚀🔍 As the market evolves, strategic entry points are key. Consider these levels:
First Buy Zone: Around $23,500. A strong historical support level that could offer an attractive entry point.
DCA Opportunity: If possible, consider adding to your position between $19,120 - $20,000. Dollar-cost averaging (DCA) can help manage risk and capture potential dips.
Stay vigilant and patient as you navigate these potential buy zones. Remember, each move is a step towards building a resilient investment strategy. 📊💹 #Bitcoin #CryptoInvesting #BuyZones #DCA" 🚀🔍
SPOT TECH pivoting up LONGTrade idea on the the 2H chart. This is a confirmed reversal with a5 POC line
and 50% retracement in confluence for one target and the pivot high for
the second. I will play this with stock and also a put option for insurance.
90% of the money position in the stock and 10% in the put contract 10DTE.
ETHUSDT.P ETH is now testing the 50 Day MA.
Is under resistance and above 200 Day MA.
What will happen next ?
1. Hold 50 D MA and flip resistance to go higher ?
2. Lose 50 D MA and find support at 200 D MA ?
3. Chop-chop for some time ?
We will find out eventually
Take care
Live to trade another day
Is the Grimace a new potential gem?Hello, traders!
Today I'd like to talk about Grimas coin
This is a P2E project with a very active audience.
Reasons why it should grow?
The creator will not launch futures trading at the moment, as we know that futures lead to a drop in organic liquidity and more manipulation in the market due to leverage.
He is constantly working on marketing, it has already happened that Mcdonalds itself is PR'ing Grimas and this is to his advantage.
The marketing campaign has organized a fund to help underprivileged people, which is very good for social proof.
It is also being PR'd by bloggers who are known in political circles. Who knows how this will impact further - time will tell. I would not like to say that the government has no impact on cryptocurrency, however, the cryptocurrency world is now closely tied to it.
What about the technical parameters?
We have a very long consolidation and a spike in volume to buy, there is a resistance zone around 7.4.
Under current realities, once the number of limit sell orders falls near the upper boundary, then this coin will rise in its price.
What do you think about Grimas? What coins are you currently considering trading on the spot market?
$BTC losing steam intraday & dailyCRYPTOCAP:BTC is losing steam, fast
Closed bunch of positions as yesterday #BTC showed weakness. This continues today.
The 4Hr is about to bear crossover, something it hasn't done since trading above June 16th.
The 1Hr chart is severely oversold so we could get a small bounce here before we continue to rollover a bit.
What about bitcoin VOLUME?
(Sorry cannot show 1Minute here. Pls see profile for more info)
That CRYPTOCAP:BTC drop on 6/30 bugged me (outside day) a bit.
There was heavy SELLS
BUT
Only decent to so-so BUYS.
However, the conviction that was there this whole ride up is now LACKING.
Just for giggles...
Spot #BTC already breaking down...
But if you want the proper price action, Futures #bitcoin facing support around 30230.
SFPBUSD - Make or Break Triangle Pattern about to burstI've been following this asset since March '22 and it followed the downtrend pretty strongly until it entered into a massive ranging mode. Even though the whole market was moving a lot, this coin continued to play under this strong range.
Right now, I've managed to see a triangle formation which I believe it's crucial to identify which way price might go next. We either get a breakdown which signifies a downtrend continuation or we continue to play in the range and it's time the bulls take over temporarily.
If we get a breakdown this would be potential profit target zone:
0.2579 - 0.2899
Since it's a ranging market it could just go either way and could be hard to predict. Manage risk accordingly. Happy Trading! ♥
🔥 Why A Bitcoin ETF Is Hyper Bullish: See Gold!There's been a lot of bullish news recently surrounding a potential Bitcoin ETF. This ETF has been filed by both Blackrock and Fidelty.
The potential approval of a Bitcoin spot exchange-traded fund (ETF) has the crypto community buzzing with excitement. A Bitcoin spot ETF could be a game-changer, fueling bullish momentum across the entire crypto market.
A Bitcoin spot ETF would simplify the investment process, making Bitcoin more accessible to a broader range of investors. It would eliminate barriers like complex wallets and security concerns, attracting retail and institutional players and driving increased adoption.
In order to determine the potential effects on the markets, we can take a look at a more recent approval of a commodity ETF: Gold.
As seen on the chart, Gold saw a massive ~310% gain over the span of 6.5 years once the ETF had been approved. It's hard to determine whether BTC will experience a similar growth path, but I think it's quite safe to assume that it's 100% bullish if more people can easily invest in this asset.