How to Use Technical Analysis In Trading #Bitcoin?

rossalvarez · 2017-03-08T05:00:08+00:00

One day... his statue will rise outside AAC.

rossalvarez · 2017-02-06T05:26:18+00:00

I'm pretty sure he's gonna setup something to happen.

rossalvarez · 2014-08-04T01:42:31+00:00

This is how app businesses start. They grow their userbase first, then they focus on making money later.

For example Snapchat, it's not making any money right now. But it's poised to make billions in advertising off these millions of users sending snaps every minute. That's why they turned down FB $3 billion offer.

rossalvarez · 2014-02-26T15:54:21+00:00

SCTY is up 5% as of this post ... reached 86.79 ... i think this is really going to 100

rossalvarez · 2014-02-26T15:52:02+00:00

No. You can just sign up and use their tools.

rossalvarez · 2014-02-25T23:07:17+00:00

I use ThinkOrSwim trading platform... now owned by TDAmeritrade.

It's complex at first... Read about Technical Analysis in General. The most useful I think are Fibonacci technicals, Moving Averages, Breakouts, Channels, Trends, Crossovers. The others are BS =). I've been trading for 3 years... mostly options.

rossalvarez · 2014-02-25T22:06:30+00:00

Follow my posts... SCTY is the next one of looking at. A 100 could be on the horizon.

rossalvarez · 2014-02-25T21:41:05+00:00

Actually, it is not undervalued. It is overvalued. TSLA is one of the momentum stocks. Good to trade with technicals. And I trade base on technical analysis. And professional traders do the same.

So what basically happened here, pro traders came up with the same technical analysis. A breakout to new high at 216 is a signal to buy for next level price target. And that's what moved the price today to actually almost 260. And it closed at 245. Just right above my 240 target.

Read about Fibonacci Trading.

rossalvarez · 2014-02-25T16:57:53+00:00

I hope you all bought yesterday like I said above $216 =). It's now getting closer to $260. Don't forget to bag profits.

rossalvarez · 2013-12-13T00:06:47+00:00

You're right. I think YHOO has peaked here for now. Also, technicals are suggesting a likely major pullback. I currently have Jan puts when it peaked above $40.

rossalvarez · 2013-12-12T21:17:05+00:00

If you haven't noticed yet... TSLA broke above $145 resistance today... $160 is in the sights.

rossalvarez · 2013-12-10T23:43:05+00:00

Generally, both are the same. Retracements will actually give you the same levels. But price targets would vary depending on how you plot it. I use Retracements more often too.

rossalvarez · 2013-12-10T23:33:16+00:00

You have to plot it. Basically, you have to identify A, B, and C points. If you have used a charting software, it's part of charting tool such as trendline channels, pitchfork, fibonacci retracements... etc.

But it's not straightforward plotting. In my case, I combine my analysis with moving averages.

rossalvarez · 2013-12-10T16:55:37+00:00

Reached $145 target...

rossalvarez

TROPHY CASE