BTC analysis 9/1/2021- coins i am shorting and accumulatingMy BTC thesis
Short term( 1 h) bearish - BTC may hit 38 k, short alts that are on downtrend
Long term( daily ) bullish - Accumulate BTC and alts that you are bullish on
OXY
Occidental Petroleum Corporation strong uptrendNYSE:OXY is resuming with the uptrend. The price is back above the 50EMA, implying a semi-strong trend. Keep in mind that the AMEX:XOP is also above this level, showing strength in this sector.
I'll be adding to my existing position with a stop loss at $28/share.
Remember to practice sound risk and money management.
Follow for more charts.
Tracking OXY Shorters after coming near a 10R gain.Entries were completely trapped and liquidated if using 2x margin or above. Buying is becoming aggressive. There's a lot of confluence at 78-79 cents which could cause a nice bounce after reaching those levels. Waiting for bulls to show up.
OXYPERP 4h shortOXY has been consistently lower highs and lows, so we will ride the strong trend. We can see that OXY respect the 20 MA, so we will wait for a price rejection candle formed after it hits the 20 MA or wait for a breakout. This will be our entry point. We will exit after OXY break 1 ATR above the 4h 20 MA
Energy stocks for high inflation era..!it seems Energy stocks are ready to finish their correction and started a new rally!
Keep them in your portfolio during high inflation times!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
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OXY long off the 50 smaOXY has been nicely bullish since last fall. It had a great run from Oct '20 to Dec '20 nearly tripling in price. That is where the daily fibonacci extensions were drawn on the left-side. On the right side, Fib extensions were drawn from August low to last week. What is interesting about the August low (also the yearly low as well) is that it nearly perfectly retested the high of the impulse wave drawn from the multi-year low as seen on the left-side. What I love about this chart is that we retested the 50ema. On top of that, we also filled the gap all the way from 10/31. Now seeing a nice bounce here along with the fact that the upper fib extensions are seeing some confluence levels between the different impulse wave extensions drawn. That confluence really helps to solidify my ideas. I am long this one as of today at $31.80. First target to take off 25% is $34. I like to take a bit off when we see moves like this because often it will get stuck here before pushing up. If we do get a little retest from there, I will frequently add that 25% back on. This scaling helps me stay in the position while increasing my profitability on the trade. I ultimately want $38.50. Depending how long it takes to get there, I will most likely take off the trade at that point. That is what the order is set for at this time. I may change my plan depending on price action and how quickly we get there- assuming we do. The stop is at $30.95. I really like this trade I am putting on so hopefully it gets us a win.
oil bull oil retested the major down trend line. as long as we close the week above it, a new major uptrend will be confirmed on the long term. the release from the reserves just showed defeat for bidens green energy bs, that's why we got a pop on the news its an extremely bullish signal for oil. the population and industries are far from going green
$OXY: Monthly signal in oil active...I scooped some long term OTM calls here, gives me 10.5% notional exposure to oil via $OXY, risking 1% of my portfolio if the trade fails.
Seems like a good way to be exposed to the big and steady trend in oil, I have already banked my other energy positions and oil futures options, this is a good way to stay exposed with minimal risk (since the weekly oil target was already reached, but monthly has a lot of room and time to go)
Cheers!
Best of luck,
Ivan.
Oxygen OXY futures longit is not too late to enter oxygen $OXY trade. the pump will come though it has broken out of a triangle that looked like an immature cup and hand. just wait for few days so the volume will be sufficient for a 3-10x long ride. it will happen soon
$OXY watch this week for continuation OXY looking flaggy and peaking above volume resistance, watch for continuation this week.
Conversely, similar to July 6th's action, watch for sellers to step in for a move back down to 27 zone...
My bias is to the upside, especially given oil and natural gas prices , could see a blow out ER in two weeks...
OXYUSD - cup&handleOXY is forming a cup&handle. There is also an resistance at 21 EMA, so it has shown the past.
Just an idea.
Bought $OXY todayReally like this name and the Oil / energy sector as a whole RN
I will manage the book as we go.
REMEMBER:
buy dips sell rips...
OXY big breakdown !!!$27 puts expiration 8-20 a price target $22!!!!! Big breakdown on the Ichimoku plus we have parabolic SARS appearing bearish. We have MACD crossover and sitting below the 200ma. Can’t have very much more stacked in your favor. If your on a budget $25 puts for 8-20 are only around $90. If u want to go even cheaper u can try selling the $22 put for 8-20 while buying the $25 put for 8-20. Cost around $60 per contract and caps ur max profit at $240. Not financial advice this is purely for fun.
OXY Cup and HandleNYSE:OXY had a breakout bar today to finish a cup and handle pattern right on top of the 200 EMA.
OXY LongTrade price: $29.29
Take profit: $42
Stop loss: $26.83
R/R: 1 to 6
Very solid company, good oil prices.
Economy reopening will increase oil demand.
Black Gold is not doneBlack Gold finally broke out from the 3 month cup handle pattern as mentioned last week! Although weekly chart was showing bearish, it was a bullish flag because the lows never broke. This week the momentum continues upward possibly in a big way. Extremely Bullish! Once it breaks 56.75, 59 will be the next target. XOM, SLB, NOV are yummy plays.
Higher Oil? What's the Best Stock?It appears that Oil is in a wave 4 consolidation with wave 5 coming next. In commodities, the fifth wave is often the longest and most explosive. Short of moving into the futures markets, I'm curious as to what the best stock to play for a move to 100+ in oil.
The chart below indicates that Chevron has best kept up with the price of oil with Exxon/Mobil following behind. Others in the comparison are Apache and Occidental.
Welcoming any and all thoughts on this.
Long setup triggered on OXYUSDOXY is a Solana based project that launched recently.
Price has just confirmed bullish market structure on the 4hr on bullish MACD Divergence in the reload Zone.
Still below trendline resistance, this one one we'll be looking at closely on any dips that follow with invalidation at lows
My god It's happening The chart speaks for it's self. The solana eco-system is turning on the jets. Up is all i've ever known.
OXY - exiting accumulation zone soonOXY is finishing accumulation. It should repeat the pattern that SOL and SRM already did. $4 then $8 as product is being released as we speak.
Waiting for a breakout of the downtrend (SMA20)Would see really nice boost only if it breaks the downtrend
