Trade Alert - Take ProfitTraders,
Admittedly, I may still be a bit skittish in this bear market. Maybe I am being too cautious? But with tomorrow's Shanghai upgrade on Ethereum happening tomorrow in which millions of Eth will be unlocked AND with this latest candle forming what could end up being a bearish shooting star, I am happy to take my profits here and wait it out.
Closing this trade will bring out win streak to 14 in a row. Congrats to all those who have been following me in these recent trades!
Stew
Tradealert
Solana BreakoutTraders,
As expected, Solana has now broken above the neckline of our inverse H&S, the 50 day, and the 200. This is a great sign for sure but still, caution is warranted until two things happen: the expected pullback on BTC / BTC.D occurs, we understand how altcoins will respond to Bitcoin's pullback.
In Solana's case, I can see it now coming back to retest those three previous resistance areas as support. This may be one area where I look for entry.
Stew
Trade Alert - Take ProfitTraders,
I’ve chosen to take profit here on XRP for several reasons:
1) We dropped below two levels of support which are now acting as resistance.
2) I was a bit overweight in alts for my current risk tolerance level.
3) I am still under the impression that BTC will pullback once tagging 30k. Although, alts could hold their own, they typically exaggerate any move to the downside that BTC makes. Thus, I am simply taking my least liked trades off the table for profit and minimizing my risks until I have a clearer perspective on how price action will play out.
4) I think XRP will come back down to .48 cents for a nice re-entry area.
Stew
TRADE ALERT - LONG DOGETraders,Doge is now in a price range I consider attractive again with the RSI nearing 50 and the price landing on solid support of our 200 day ma. I have bought at 8.2 cents and plan to hold to at least 10.5. Depending on risk tolerance, stop limit should be around 7 cents to give a r/r ratio of 2 to 1.Best,Stew
P.S. - Trade Tracker should now be up to date.
One of the best short opportunities I've seen in a while!$AGYS is one of the best short opportunities I've seen in a while. The stock is currently priced at over 4,700 times growth and 105 Price/ Free Cash Flow. The company is a miss on every value component in the Quant II model. Full stock analysis report is in the works.
Classic Cup & Handle Pattern On PYPLHigh probability that PYPL trades higher in 2023 towards $120 based on a weekly cup and handle patter.
Note: This is not financial advice. Consult your financial advisor before doing anything.
Info: If you’re looking to up your trading game through expert guidance, come trade with me over at InTheMoneyStocks.com! Info about our different memberships can be found on the website. Links in bio to take you directly to our sites! Feel free to msg me for any more info, will respond to all followers as quickly as I am able!
...And now I short back down to the 50 day MATraders,
BTC will most likely retest that 50 day. It's been a few weeks since we were on the upside of it. And with the 100 day overhead acting as resistance, I can't think of a better entry than here. I will short with 5x leverage. TP = 19,600. SL = 21,000 (yes, I know that's tight - loosen yours if you are comfortable doing so).
Best!
Stew
TRADE ALERT XCN SHORT TARGET .005! 93%+ PROFIT POTENTIAL!Am I seeing this right? I think I am. I have chosen to allocate 8.79% of my portfolio into this short trade. With a 6/1 R/R, the potential exists for up to 93%+ profit. Of course, I will be taking profits along the way if it works out. First take exists around 5 cents. Entry was .085 with a final target of .00588!
My spreadsheet has been updated with this most recent trade.
Best of luck traders,
Stew
Alert! - If CULT breaks this Trendline then 45%+?It's been a while since I've thrown a good signal your way. Here's something I've spotted on one of my favorite alts, CULTDAO, an inverse H&S pattern.
Entry = A break of the neckline with confirmation on the daily.
SL = Below support at 0.00001288 pending risk tolerance
Target #1 = 100 day MA (purple)
Target #2 = 0.00001981
R/R Ratio = should be around 2
*Note: I will let you all know if/when I enter this trade via a trade alert.
Best of luck,
Stew
Trade AlertTraders,
Stepping into the waters here as BTC.D chart shows us nearing resistance, meaning that ALTS could play catch up here a bit.
Entry = 3.01
SL = 2.57
PTs = 50 day, 4.50, and 5.17
for a 4.62 R/R
Best of luck all,
Stew
P.S. - TradingView subs you missed my last video here due to TV tech difficulties.