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$ETH โผ๏ธ
Ethereum retesting previous highs with a cone squeeze. Expect some slight sell off before this reaches new highs!
The RSI shows us price progression, each time Ethereum reached (~$4,000) the indicator displayed a lesser spike. This is explained by increased volume & buying pressure. At the level of $4000 ethereum is becoming stable and has room to go beyond the RSI and create new overbought levels .
Should see a nice breakthrough a pull back then the moon ๐๐
TWITTER!
$TWTR
The gap is filled!
After the big volume increase the moving averages followed! ๐
You can see how the faster moving averages from yellow (10MA) blue (20) and purple (50) being to cross. The faster averages crossing the slower ones indicate an increase in price!
The trend channel is also being maintained with the resistance being around the $68 level!
I suspect this trend channel will be broken in the future but for now this trade is cashed out! ๐ฐ๐ค
TWITTER
$TWTR ๐ฆ
That gap is beginning to get filled slowly but surely! ๐ข
Thereโs some possible resistance at the $60 mark however buying pressure has been increasing!
With the 10 Day moving average (yellow) crossing over the 20 Day moving average (blue), this shows an increase in buying pressure. With the cross of the 50MA there should be an increase in bullish volume ! ๐
We may see a nice bounce off this trend line! ๐
Make sure to follow for more stock picks and analysis!
Crypto chart breakdown ! ๐
Bitcoin is taking a slightly more
aggressive retracement to the 200MA๐
After the bullish run the crypto market
has had this breather was necessary
Bitcoin is a good indicator of the crypto market ๐ง
Litecoin is finding support along the 50MA!
Price action is still very bullish, this
retracement may not be long lived
A hard bounce could return price back
to previous highs!๐
$ETHERUM !
ETH has been going crazy during this crypto rally! ๐ฐ๐
As you can see the chart is in a strong uptrend but also notice the bollinger bands showing some room for higher prices!
Bollinger bands typically show an average range of overbought and over sold levels. The RSI works in a similar way.
This space of higher prices are a good indicator of bullish momentum ๐ฅ
This crypto rally has just begun in my opinion, Iโm excited to see how high these coins can go!๐๐
$TWTR
Nice set up here with Twitter, a bounce on the trend line looks likely with the bullish hammer candlestick. ๐ช๐พ
Sufficient bullish momentum should push it through towards $55 ๐
That gap will get filled one day though ๐
Follow for more technical analysis support!
The Taking Trades trading lessons are coming!
May 1st we are opening the lessons to the public after only doing private lessons previously.
If you have been wanting to learn more about investing or even have no clue how to start, you have found the right place!
If you want to learn how to reach charts and understand technical analysis, youโve found the right place!
Clients who make an appointment with their email receive will an added bonus!
WEEKLY WATCHLIST ! ๐
HIGH PROBABILITY SET UPS
Trade formations that are going to make YOU money instead of lose money. Trade with complete confidence and awareness.
Too often I see my students trade based on emotion or illogical reasoning.
I trade formations that are high probability meaning there is a more than likely chance that the price will move in my favor. Breakouts and retests of previous support are some of the best ways to make consistent profit in the market!
The market may not always go your way but that doesnโt mean there isnโt money to be made! ๐ฐ๐ค
Letโs take a quick look at Bitcoin!๐๐
Love this healthy trend Bitcoin has going on. ๐The volatile spikes are less frequent making this trend more smooth and easier to trade! ๐
A nice bounce off the 50MA is a good sign of health. Bitcoin looking like itโs ready for new highs coming in April!
Road to $75k ! ๐ธ
Bitcoin finishing the dip!
Did you get any more coins?! ๐ช
BIG NEWS! ๐จ
As investing becomes more mainstream and floods of people begin to see a new method to generate income, Taking Trades will be announcing 1 on 1 trading lessons!
These lessons will be aimed for investors of all levels and will cover basics from buying and selling to chart analysis!
Stay tuned for updates on the course!
WEEKLY WATCHLIST!
Here are some of the stocks I will be keeping my eye on this week! Plenty of opportunities in the market๐
After buying the dip, itโs time to reap the rewards!๐ฐ
Pay close attention to the market these upcoming weeks! Many new sectors are evolving and more economic growth is expected!๐๐
Here are some of the wins of last week! ๐ค๐
These past couple weeks in the market have been very choppy. Patience and being able to step away from charts helped maintain my focus.
Swing trading allows me to be flexible and not feel pressured by the market.
Let the plays come to you and take the trade! ๐ฐ
More Earnings ! ๐ฐ
This week should be interesting with growth companies such as $DKNG and $MRNA leading the charge.
Some other stocks to keep an eye on this week are $NVDA $PLUG and $CRON!
What companies are you watching for earnings ?
Follow for more exclusive updates
For all the new traders entering the market I canโt stress enough how important knowing the differences between calls and puts are. The stock market can be confusing but it doesnโt have to be with the proper education.
Most traders look bullish because the stock market tends to upwards but during a bear market, puts may be more frequent.
Whatโs your trading style? Are your a bull or a bear ?
Bitcoin hit 50k !! ๐๐๐
As crypto gets more accessible and the value of the dollar diminishes, Bitcoin will continue to rise towards new highs. Whales are investing millions of their own money into this currency.
Not investing is just as risky as investing. You only make money on one of those teams though. What side are you on? Speculator or investor
Next stop 75k then 100k! ๐ฏ๐๐ฅ
Real traders donโt like 3 day weekends ๐ก
ANYWAY hereโs this weekโs watchlist! I see a lot of potential upcoming big moves ! ๐
Itโll be exciting to see how these stocks move! With earnings right around the corner anything is possible!
How did you spend your extra day off?
๐ก
WE JUST HIT 100 FOLLOWERS!! ๐๐ ๐ฏ
Thank you to all who clicked that blue button! Hopefully Iโve given value to you and helped you with trading atleast a little ๐ช๐พ
Please continue to share and follow to spread more knowledge to other traders! EVERYONE EATS! ๐ด๐ฅ
Letโs continue to grow together! ๐
๐
#100
WEEKLY WATCHLIST ! ๐ค
Between earnings and post super bowl hype, this next week could be very volatile but also very fun to trade
While staying away from the hype these are some high probably set ups that could be profitable ๐๐๐ต
Be sure to maintain good risk management and always do your own DD! ๐ง ๐ญ
Until then, Happy Trading!๐๐พ
Follow for updates on these tickers and more!
Bitcoin is up 80% since the dip! Big investors are pooling in now to get in at the discount๐ค
Thereโs going to be new all time highs very soon! ๐
Whatโs your price target for Bitcoin? ๐ฏ
Another earnings week!
Plenty of big hitters ๐จ this week such as $AMZN $PFE $SNAP $UPS and more!
Playing earnings takes a lot of DD and patience. Use technicals analysis to back up your bias so you can enter the market at a better entry ๐ง
Make sure you stay on your toes this week and happy trading! ๐ฐ๐ฐ๐ฐ
Caught some very nice wins last week! ๐ค๐ค
I said it was going to be a volatile week but who couldโve expected that! ๐ฐ๐คฉ
There will be more wins like this and more trades to take. Until then back to the charts! ๐
GAMESTOP CANT STOP WONT STOP ๐
What is going on with GameStop ??
SHORT SQUEEZE
Low value stocks are being very heavily shorted, and if something moves the value of the stock up (like, a sh*tload of retail investors), those short-sellers may be forced to sell to cover their borrowed shares. ๐
If most shares are held by retail investors (who are holding), the price will skyrocket๐ (supply/demand) until someone does. The bear hedge funds and such will still have to buy to cover, which causes big funds to lose money and the stock to do what $GME here๐คฉ
There is a little bit more underlying darkness especially with those who trade on RH but this is the essence
Did you get any wins on $GME?
New Weekly Watchlist! ๐๐
Those gains from $GME last week showed the power of the short squeeze! ๐๐
A short squeeze is when thereโs a rapid hike in price due to the lack sellers (the bears have to buy back their shares)
To put it simply, low supply HIGH demand ! ๐
Which stocks do you think will squeeze next?
Earnings week! ๐ฒ๐ธ
There are lot of big companies releasing their earnings this week like $AAPL $AMD $V $T $MO & $TSLA
The market is about to go insane! ๐ฅ๐๐ฅ
What earnings report are you most looking forward to?
Looks take a some cryptocurrencies ! ๐๐
Bitcoin:
Daily
50MA rejection โ
Support bounce โ
4HR
Ascending triangle โ
Support holding โ
Ethereum
Daily
Higher highsโ
4HR
Trend channel โ
Support bounce โ
Crypto is aiming to make a big move in the market in these upcoming weeks!
Lots of buying pressure building up here! Canโt wait to catch them next jump! ๐๐
Dropped another weekly watchlist ๐๐ฅ
A lot of these plays are long term so Iโll be looking for entries within the coming weeks. Patience is key ๐
Iโve been scoping out some these stocks since last year (points for you if you remember $JKS)
There could be potential BIG wins here if played correctly.๐ค๐ค๐ฐ
What are some stocks youโre interested in?
ANDDDD Bitcoin is back to normal !!๐ฅ๐
I hope you didnโt panic sell! Dollar cost average multiples your gains and minimizes your losses in the long run.
Panic sellers are just as silly as speculators๐คช
Did you buy the dip?
Bitcoin plummets to lows of $30k ๐ฑ๐ฑ๐คฌ๐คฌ๐ก
Wait! Donโt panic sell! Iโll tell you why. ๐
When prices rise as volatile as Bitcoin is important for them have pullbacks as a โbreatherโ and to refuel. This is actually a good sign that Bitcoin has a healthy/strong trend. ๐ช๐พ
Now new buyers can enter the market and get into a price theyโre comfortable with. When a security is overbought as Bitcoin is, this retracement is inevitable
Here is this weekโs Speculative Sunday list of stocks! ๐๐ฅ
Looking towards a couple of gap fills this week and the following. Not getting too greedy this week just looking for consistency and solid wins.
Every trading week isnโt the same. Some weeks have bullish/bearish runs, others can be choppy. Itโs important to recognize what type of week it is to improve your trading. ๐ค
Trading is 10% analysis and 90% psychology ๐ง
Letโs look back at the gains from this week !
Plenty of big gains all around! Of course thereโs always losses but itโs important to cut your losses short. Itโs hard to leap forward when youโre always taking steps back.
I hope those of you who got in these trades made some good returns. Thereโs always great opportunities awaiting in the market you just know what trades to take!
Follow for more stock picks & crypto talk !