Show at 3933 - SL 3990 - 57 pip risk Target 3750 - 183 pip reward RR of +3x Short based on breadth detioriating.
Head and Shoulders false breakdown on the 4H chart. Target of 13k.
After 18 months of consolidation and shaky global equity markets... gold's constructive (commodity price action) is showing that it is increasingly gaining acceptance as the place to hide. Spot gold looks to be breaking out and the equities are expected to follow.
$0.05 contract - taking a punt on global market weakness ahead of Christmas and BTC looking increasingly heavy with limited interest in the sector as per google search trends.
Bitcoin looked like it was going to tank and didn't. As crypto basically trades off of successful and failed chart patterns (no fundamentals - sentiment driven given infancy of the industry) - a failed breakdown usually leads to another strong leg higher in the coming weeks.
BNTX appears to be breaking out on news from Europe in relation to COVID. Governments such as Austria are taking a much harder line and this should significantly increase demand (initial doses plus boosters). Bought two sets of call options - Dec/17 and short term breakout Nov/26.
Target $20k Cost of $340/BTC Reward $4.66k RR of 13.7x Aug/6 should provide sufficient time for a test of the neckline. If it doesn't break down then all good.
See text. ETH is one of the last one's standing and I think it will have a major catchup fall. Options are the way to do it. With a risk-reward of 15x. I could be wrong, but I'm right more than 1 out of 15. My rationale and a little advice: Bitcoin's chart looks incredibly sick, the bull trap breakout was a disaster and signals a change in momentum with...
See text on chart. Potentially breaking down from consolidation.
BTC is looking increasingly binary. There is a lot of energy going either way with this consolidation and BTC looks to be really struggling to find demand to breakout. Google search trends are also showing a signal that interest intensity is declining in the sector. Buy RIOT Apr/16 $45 calls for $35/contact If BTC tanks, target $35 ($1000/contact). RR of ~29x so...
BTC Inverse Head and Shoulders breakout may have failed. ETH breakout potentially following suit. Signals SUPPLY > DEMAND and probability of a sharp correction increases, due to crypto being a crowded, 1-way trade for the last few months. This is a contrarian call.
Zoom is hanging by a thread, facing three obsticles: #1 - Vaccine roll-out is accelerating meaning the days of exclusivity of meetings done virtual are numbered #2 - People are sick and tired of virtual calls and want in person interaction #3 - Money printing, initially means higher asset prices, but the delayed impact means interest rate pressure which weights...