Technical-analysis
NVIDIA SHORT IDEAHi guys ! I post my recent analysis for Nvidia and sharing with you my trading idea. My main view is short for Nvidia with first price target 120$ and then 109$ . My main corcern for Nvidia is the big slowdown at crypto market and as aftermath from big prices decline is lower demand for GPU powerfull systems ( which are sold for a high price). This demand decline signals lower margin profits for Nvidia and it will be seen from investors in 2019. As from technical analysis scope the indicators that I use ADX and Vortex Index signals short for Nvidia. Also my price targets are covered from Bollinger Bands at the monthly chart that i use. Hope you find my analysis usefull fro your trades. This is only an idea, so you must consider all the variables before a trade.
A record of proceedings: BTC and the 5-3K Drop.Bitcoin is dropping hard. I made this chart a wee while ago, but the call of a drop the completion of the H&S line is a pretty easy one at this point.
ON THE OTHER HAND if BTC decides to make a (~$10.00) higher low on the hourly (highly doubtful) a pullback could be negotiated.
It all depends on the ~8125 level. OOPS! Wait, nevermind. That's just broken as I'm typing...
... brb gonna short...
Okay, I'm back. If I'm wrong, ya'll can flame me all you want.
So, I remember some mention some time ago about a huge number of orders waiting for BTC at 2999. I remember looking at the volume pricing at that level and thinking "Holy fuck-shart that's a lot of orders." This was WAY back when BTC was at 10K and I thought "That's ridiculous! Bitcoin will NEVER drop below 10K again." And all those "h8erz" (@Goldbug1, Sean whathisface who'se nowhere to be seen now) all said it was going down. Which it didn't of course. It climbed up to 19.9K before they were ever proved right. But boy, were they ever right.
Now Goldbug1 is saying buy, and he's still wrong, but he'll eventually be right, and it will moon so hard the FOMO will make people shit their pants harder than they ever shat when it went down to 6K again.
I mean, I got in earlier than all that and I'm still shitting my pants. I'm just also wearing diapers. (That's a metaphor for having taken meager profit - enough to cover original investment.) But even scaling in is a risk and can feel terrifying when the bottom is infinite. (That's a metaphor for $0.00, or nothing. Hey! Nothing == Infinity. I just taught you philosophy. You're welcome. *mic drop)
Anyway, if you lose it all, just remember; laughter, good friends, good food, good drinks, and blowjobs are what you're trying to buy with all that money, but you can get all those things for free with a little elbow grease. So HODL. Or short. Or whatever. Just don't walk away. It's like some asshole said once:
"You gotta know when to hold 'em, know when to fold 'em, know when to walk away, know when to run."
All the best,
Hank
CAD/JPY Bull expected for CAD news tomorrow. From an Elliot Wave perspective we previously had an impulse downwards and now we are in a possible wave 2 correction. We had a very bullish move where it would have been expected if a flat correction were to form. Now it looks like we will either have a Running or Expanded Flat with a big move up on the CAD (cpi) news tomorrow. I expect the Asian markets to correct this move and then the big move up at the news release. Good luck guys.
LTCUSD Technical Analysis 4 hour - Buy opportunity approachingHi there.
Current state:
Out. Waiting to get in. Price action has been mostly lateral, although there are some signs the price may be moving up.
Indicators/Charts analysis:
RSI is in the oversold area still. This means there is room to go up.
Stock RSI approaching overbought area. Watch out for this one since it is not confirming what the RSI is telling us so it could mean a break out, possibly in the down direction.
Renko (0.74 brick) main trend is still down. Although like I said, price action has been lateral so no new red bricks have been forming.
EMA 12, 26, 50 beginning to turn horizontal.
Candle sticks are moving sideways.
Awesome indicator shows bulls have more power than the bears at the moment and it is slowly moving towards 0.
Price is moving below BB media. This suggests there is room to go up.
RSI and Stoch RSI in renko are in the oversold area. This also suggests the possibility of a trend change. They have been there for several periods, so we have to watch out for an up move.
Stop Loss:
$43.78 - This is our possible entry point to the trade. I usually set it slightly above 2 renko bricks from the last red brick.
Target:
$46.49 (+6.1%) - Target was selected based on current volume profiles and Fib retractments (black ribbon in golden river - bottom right chart). We may adjust once we enter the trade and have a better feel for what the market behavior is. Remember we have to be extra patient with our wining trades.
Alarms:
Price crossing up $42.87. This is an early warning that we may be approaching our entry point for our trade.
Conclusion:
Hold. Keep an eye on the market as we may be entering the trade soon.
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***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.**
LTCUSD Technical Analysis 4 hourWhat a ride!
Trend is definitely down if you have not noticed ha!
No confirmation on trend change yet.
RSI and Stoch RSI both in oversold conditions. This does not mean that the down trend is done though. Keep this in mind.
AO indicates bears are in control.
Renko trend clearly down. Brick size 0.74.
Need confirmation to enter. As I said before, need a couple of green bricks at least. This means at this moment the current target entry price is 45.14 (or slightly above that).
I use a sliding stop loss as prices continue to move down. My stop loss is two bricks away from the last confirmed brick. So it is 45.23 . I typically don't use the exact renko size. You could consider using the Parabolic SAR to setup your stop loss which would currently set it up a little higher than that.
As I said in my first published idea (see link below) I hope you got out in time.
We still have to consider the possibility of further drops in prices. The last time we saw these prices was around July, 2017.
Remember we don't care what the prices are. They are neither cheap nor expensive. We care to buy at the right time and sell at the right time to make USD. Also, we don't care to buy at the lowest price possible and sell at the lowest price possible. We want to ride most of the trend (80%). I can assure you this is sufficient to make some descent money.
Disclaimer: This is just for educational purposes. This is not advise to be used in your trading. Make your own decisions, it is always better that way!
If you like this, you can donate your LTC to:
LZKza6vBcBnkfaDMHYXXUd6ud8Jf87Lfm3
Any donations will help me keep posting analysis.
LTCUSD Technical Analysis 4 hourAs you can see we are still on a bearish trend.
No clear reversal indication.
I would wait until price rises above 51.40 to consider entering a trade.
Again, confirm renko trend up with at least 2 bricks. Brick size .74
Look at Awesome Indicator too. You should look for it crossing the 0 line on the way up. You may buy before it crosses but trend must be towards the 0 line.
Consider EMA 12 and EMA26. These 2 should also start closing in.
Be careful because immediate support of 48.84 was breached earlier today, so there is a good chance of a continuation down.
Patience. Remember we are looking to make money. Don't care how many litecoins you accumulate. If at the end the price goes down to 10, or even less, who cares how many LTCs you have. On the other hand if you have USD and that keeps going up, then you are doing well!
LTCUSD Technical Analysis 4hourStill looking for an entry. No confirmations of trend change yet.
Most movement has been lateral. You can see that in the Renko chart.
RSI is on a down trend
Updated Renko brick size to 0.72 using ATR 14.
LTC is still bearish. We need to confirm trend change before entering the trade.
Volume shows support around 48.38 which coincides with Fib at 48.25. If support is broken then we are looking to continue the overal bearish trend likely to 45.39 or 43.92
Aurora Cannabis Inc! Technical analysis into 2019!Hello everyone, hope you are well. This is a technical analysis on ACB.
Aurora Cannabis Inc. is a Canadian licensed cannabis producer, headquartered in Edmonton, Canada.
In this analysis, we have 4 quadrants which show the accumulation and distribution cycles in 147 day periods.
After rejecting the 2018 highs, we did post a new HH, however we closed as a bearish engulfing candlestick on the weekly timeframe. Now that we are in this distribution stage, we have fallen over 50% within a 2 week period.
The .786 fib level is showing rejection, if we bounce and continue higher I see a further rejection from going higher near the .50 fib retracement near the $8.00 figure.
There is a gap that needs to be filled near the $4.00 region and this is where I will accumulate. Looking for March as the next interval to go bullish, time will tell.
Thank you
LTCUSD Technical AnalysisWaiting to see if trend remains up.
If so, will likely look for a buy opportunity.
Confirmation to buy:
at least 2 renko bricks (0.72 size) - I just readjusted the brick size to the current ATR 14 - This one is almost a must! it signals the trend change. A single brick can be deceiving so you need a second one to confirm.
Look for Stoch RSI going up on renko
Awesome Oscillator - crossing 0 upwards
Price at least above EMA 12, perferably above EMA 26
will come from
There is no magic recipe. You have to look at the indicators and make your best judgment. This is a probabilities game and it take studying and work to get into a rhythm.
EUR/USD Technical Analysis EUR/USD now is in critical situation. If want to see further movement to the upside, we need to break and retest the weekly resistance. Otherwise, Based on the structure, if we get a rejection zone to this level, we expect this pair to continue to the downside and get again inside the overall momentum range.
What are your thoughts about EUR/USD for this week?