Have been DCA-ing Vintage Wine Estates over the last few weeks attempting to maintain an average cost in the .57-.59 range. From a macro standpoint VWE has spent a full year trimming fat & organizing the business for the arrival of new CEO Seth Kaufman previously CEO of LVMH (Louis Vuitton Moet Hennessy). As VWE needs to be above $1 by spring to avoid de-listing,...
GRT Daily chart looking like its finally ready for liftoff. RVGI & RSI showing a clear trend matching price action. Started buys at .905 and will buy dips into the .80's if it comes available. Each of the previous 2 taps to support on RVGI & RSI have yielded 100%-120% pops in price within a 4-5 week time period. I expect to hold this trade for roughly that period...
Been stalking this chart for 2 months waiting on my buy zone...and here it is! While a possible wick under our long-term support is possible my buy zone will still sit at $21.00. Our lines of support and resistance have been respected 100% of the time so far within this pattern, so I like the odds for this trade. In the event of a breakdown of this pattern, I will...
Good morning! Looks like we hit our 8700 target in yesterdays analysis. Upon hitting I did not long however. After seeing this I got a lil PTSD. Lets see how today plays out. We very well could move to 9250 this week. That being said, I am proceeding with caution given the similarities. This is not trading advice, but interesting nonetheless...
2017
2020
So far this chart has guided my actions pretty well. Looks like we are dancing between the same blue box zones and trendlines we have for many weeks now. There is significant interest in the 8700 zone which whether bullish or bearish I anticipate hitting no matter what. I'll begin shopping my long around this region. I've sold off all but 1 spot long at 9000 which...
Following from my previous position being 100% exited in alts creating a BTC & USD heavy portfolio, I am now full BTC. After we broke out of the wedge I took my recommended buy position, full disclosure I waited about another $150 for confirmation (9k). Being above the 21ema on the daily has been consistently bullish looking at the last couple years of price...
Due to current volatility I am currently in USD and a small amount of BTC. Looking for scalp trades to keep the account moving. Looks like we are developing a channel in the 30 min chart, and similtaniously a wedge. If the wedge breaks to the upside I see at least a pop to the top of the channel at around 9200. If we break below the wedge I will execute a small...
