Take​Profit

📈 S&P500/Nasdaq 100: Divergences

The S&P500 and the Nasdaq100 have both broken out to new all-time highs on high volumes. While the S&P 500 has a small correction potential up to around 5,200 points and only then is the path upwards towards 5,766 points clear, the Nasdaq100 has a direct path towards 20,963 points. Last week's 50:50 scenario has resolved itself in a positive sense. The Nasdaq100 has continued to build up high relative strength against the S&P500 and the DAX.So much for the positives. The fact that this upswing stands on rather "feet of clay" is shown by the continuing sharp decline in market breadth. This rise is therefore being driven primarily by the major U.S. technology stocks, while many others are rather weak. Not a good basis for a solid rise. Due to this divergence, strict adherence to the risk thresholds is called for. Such a divergence can last longer and it seems that many institutional investors are too negative about the market and are therefore underinvested. In addition, there is a fundamentally positive cyclicality due to the U.S. election year.So my primary scenario is positive, but I am ready to go into risk management mode at any time. The "CNN Fear and Greed Index" is still in the low range, which shows that despite the all-time high, few trust this rise. That is why I remain invested exclusively in relatively strong stocks that are not prone to major fluctuations and may expand here.Hashtag#TradingHashtag#SP500Hashtag#Nasdaq100Hashtag#ChartanalysisHashtag#FearAndGreedIndexHashtag#Wealthmanagement

Victors Trading Blog 10.06.2024

What's up guys! Following up with Bitcoin today! We've ditched into the "resistance level" at around $72k multiple times now. To be honest, I don't like "support/resistance level", I always associate them with retail trading, which isn't really my style since I use other parameters to define my bias/levels/patterns etc. 

BitBlockArt: A Fusion of Art, Technology, and Finance

We are delighted to be part of this project and would like to briefly introduce ourselves. 

🚀 Bitcoin update: patience required amid increasing volatility

Despite expectations, Bitcoin has so far shown no signs of wanting to break through the USD 74,000 mark. This increases the likelihood that Bitcoin could retest its upward trend at around USD 59,000. In the slipstream of the leading cryptocurrency, other cryptocurrencies could also fall temporarily. However, I remain invested as I believe a bullish triangle is forming, which makes a breakout seem only a matter of time. Despite the expected volatility, I recommend remaining calm and holding existing positions. It seems relatively unlikely to me that cryptocurrencies, which have so far shown relative strength against Bitcoin, will collapse significantly. 

🚀 Bitcoin / cryptocurrencies - Will we see the 60,000 U.S. dollar as planned?

As expected last week, Bitcoin continues to move in its triangle. My scenario remains that it will once again touch the 60,000 U.S. dollar mark, as nothing is going up at the moment. However, this is no reason to empty my crypto portfolio, as the upward scenario is clearly intact and the transaction costs for trades are high. That's why I'm staying calm and reviewing my invested cryptocurrencies when the breakout comes. I will then select the coins with the best momentum when the breakout occurs.

Boyd Gaming Corporation Analysis

Today I decided to do a tricky analysis. Why is this analysis/stock a tricky one, you may ask? It's very simple, I deem a drop in almost all the major indices as very likely and I don't like trading against the trend. Of course there are always exceptions to the rule, but historically speaking, in times of economic decline the vast majority of all stocks drop in price.

Broadcom Inc. Analysis

Let me be honest: When analyzing a companies stock, I don't care what a company does, if they provide services, are a manufacturing company, or something else, I don't look at the financials or the team the company is run by. I only care about the chart and whether I see patterns in accordance with other technical stuff I look for on a chart.

Victors Trading Blog #6

Let's start with the last stock analysis I posted on TakeProfit, Salesforce. This trade resulted in a 26.56% drop or $76.67 move per share at the lowpoint. As outlined beforehand, we were expecting lower prices in Salesforce with an ideal entry, as almost always, at the 50% level. 

Trading or Job?

Victors Trading Blog - Extended Version (05.06.2024)

If you followed my last stock trading idea, you'll know that I mentioned higher prices on Broadcast.com. As of today, we reached the second Gap I mentioned in the post, and it seems like the stock will continue expanding to the upside. In cases like this, it depends on whether price closes in or outside a Gap/pricelevel. I'll go into detail in a later educational post, just know this: If it closes outside that Gap, it's likely to expand further to the upside, if not, lower prices can be expected.

Turnaround on the last trading day brings back positive scenario

This week initially looked like ending on a negative note, which fueled fears of a stronger correction. However, on the last trading day, the S&P 500 was able to defend its upward trend impressively and formed a striking “hammer candle”. This reinforces my positive primary scenario that the index will continue to rise towards 5,766 points. In the USA, the technology sector gained relative strength, as did the utilities and communication services sectors. In contrast, the previously strong Industrials and Materials sectors showed weakness. I plan to reinvest the liquidity freed up by stop-loss measures in my existing investments and in stocks that have remained particularly stable during the correction. Whether U.S.A. or Europe is irrelevant given the current small difference in relative strength.

Victors Trading Blog #5

Following up with the trade and chart drawings from yesterday, we can see that we did in fact go above the BSL outlines in yesterday's edition, which would be a move of $1059 or 1.6% within 12 hours per Bitcoin.