Russell 2000: In the triangle and bullish divergenceWe are in the middle on the never-ending triangle on the daily chart. There was a false breakout a couple of weeks ago but it seems bulls are strong enough to break out this triangle once and for all. For swing traders, sell with an adjusted stop loss and for long-term traders, buy if there is a correction to the lower part of the triangle (2155) or after the correction if there is a breakout (2287). The bullish signal on the RSI is there and it must be taken into consideration and the 2575 level should be reached if the triangle breakout takes place, but normally, after 1 year going sideways, the uptrend should be much longer.
Smallcaps
Aurora Chain OR Aurora Smart Contract? Weird but okay..So i found something odd or at least odd to me.
I was searching in the low to mid cap coins for an opportunity to buy something extremely low on discount.
I found aurora chain. It met the parameters i was looking for which were as follows:
7 day price action % DOWN (25% or more)
24 Hour Price Action % UP (5-10% or less)
Market Cap between 15 and 40 million
24 hour daily trading volume to be signigicantly higher than other coins around the same market cap.
I couldn't find any information on Aurora Chain's website that linked anything about being an Ethereum Virtual Machine (EVM)
I even tried to download the whitepaper from their site and the download read "failed no file" .
Most of the articles dating back even to 2018 were lack luster and lots of fud and disbelief in the project and lots of discouraging talk around the community behind the project and the marketing/enthusiast back ground vs a grounded in the more technical side of a successful DEV team.
My first thought is that they were taking the "rome wasn't built in one day" mentality and a few years after launch and people forget.....boom.
The socials for Aurora Chain haven't been super active. I was eventually able to find the white paper via google on whitepaperdatabase.com and it did specifically mention being EVM compatible. So i'm honestly buggered with the question. two coins same name. similar purpose....whats the link? Maybe there isn't one and the traffic we're seeing come into this project is an unexpected result of people buying the name "AURORA" instead of doing the due diligence to figure out that this Aurora is not the same aurora that is partnered with near as far as my research can tell.
On a technical analysis level on the charts though in this video. I break down how (even without knowing or understanding any of the fundamentals going into play behind the scenes) How you could have picked up on the signals of whale accumulation at the right price point. which was totally virtue signaling for a strong bullish rally to the upside.
The markets are sentiment driven.
Sentiment = DEMAND OR LACK OF
Price is a direct result of Demand VS SUPPLY
Market cap is only a byproduct of the demand and supply and momentum.
IF the demand is high due to sentiment
market cap will follow. as will price action.
There seems to be some underlying demand for this coin. To be seen . a pending 20x would not suprise me.
WIll be monitoring this project (BOTH AURORA and AURORA) very closely in 2022
Keep Stacking It
NOT FINANCIAL ADVICE. ENTERTAINMENT.
THANK YOU
-Kevin
Aurora (SLEEPER THAT MAY BE A KEEPER LONG TERM)Aurora is the Layer 2 smart contract solution on NEAR PROTOCOL which is the rank # 23 on coin market cap.
Aurora is an EVM (EThereum Virtual Machine)
As of yesterday the market cap was around 18 million. Today the market cap is sitting at 30 million.
Alt high of 5 cents. Currently trading below 3 thousandths of a cent
Weekly break and retest confirmed. Momentum coming in VIA volume and market cap indications.
I'm expecting this smart contract layer to preform very well in 2022. I have 3 plotted out take profit points located at the golden ratio extensions. However I can see this coin doing very well in the 3-5 year mark as a HODL
Keep Stacking It
-HP
BNGO Good News Coming Soon?NASDAQ:BNGO [/symbol
With recent news, the future is looking good for BNGO. Biden signed ALS Law, this will result in $100m a year going into R&D for therapeutics and treatment; for ALS. Mayo clinic, a ALS Clinic, is already using BNGO. As well there is a projected 1500+ attendees at the moment for Symposiums2022. With pictures of the new system set to come out soon, On December 30, 2021, Bionano Genomics, entered into a Standard Industrial/Commercial Single-Tenant Lease with 6777 Nancy Ridge LLC. The Company agreed to lease from Landlord approximately 11,978 rentable square feet of laboratory and office space. Many fear that this was a costly play, not suitable for the current state of BNGO.
Current Options Positions
Short Calls - Strike 5.00 @ 1.21, 21-01-2022
Long Puts - Strike 2.00 @ 0. 05 , 21-01-2022
Short Calls - Strike 6.00 @0.21, 21-01-2022
Current Stock Positions
@5.97
@4.00
@3.69
Average Price: 4.3425
Who Doesn't Love Wine & Trading? Is this a New Year Delight $VWEI just came across Vintage Wine Estates and damn! I have not initiated a position but you better believe I'm looking for the pullback!!!
RUT Russell 2000 Santa Rally?The Santa Rally is set to start on Monday, Dec. 27.
This period gave positive return for the S&P 500 78.9% of the time.
Since 1950, the average return of the Santa rally was 1.33%.
How do you think this will be reflected in the Russell2000 index?
The reasons could be optimism over the new year ahead or holiday spending.
Small Cap Rotation - EpicLots of market breadth was eroded this year, with most small and micro-cap investors becoming frustrated by shameless levels of naked shorting across a lot of sectors, such is the frustration always felt in a wave-four correction. This may be a leveraged ETF but the structure here is undeniable. Our last chance at the big time!
With the S&P (ES1!) driven to insane levels by only a handful of tickers, we have some time left to take us to levels in excess of 5000+
Because of the ridiculous valuation levels, I expect we may not see the same returns in big-cap tech and instead see rotation into small and micro-cap value and tech.
I have loaded a huge bag since mid-2021 along the line of this thesis, and I can tell you personally the turning point is here.
BOTTOM IS IN? - I think so yes, note the confident bounce here from a lower low with bullish divergence.
The chart is annotated with an Elliott wave count showing that we are completing a W4 consolidation that began in Feb 21, a fib extension to 230+,
The yellow line on March 21 shows when I expect the market may begin to show exhaustion which is the time I expect to go to cash and maybe some VIX calls. (timing is not exact but an indication)
Check out my ISWH chart for my favourite stock that sits at the nexus of crypto leverage and small-cap OTC.
Russell, 22 Dec. End of a Gigantic RangeIWM has been in a range for 329 days. It has tested the lower boundary 7 times. Many analysts now believe that 2022 will see a rotation back into value and small-caps, after 2021 was the year of the big tech corporations.
Elliott:
The range makes it difficult to determine a clean count, however we can count 5 waves to the downside in the last swing from 8 Nov. This is important because any complex correction such as the WXYXZ would complete with a 5-wave move, before price departs to the upside.
Oscillators:
The MACD crossover is imminent and the MFI is pointing upwards after a bullish divergence.
Geometry:
Price has reversed on the 50% Fib of the current pitchfork with a typical reversal doji. The next resistance is the pitchfork median at 221, potentially the end of wave (i).
How I trade it:
If we assume that the range is a completed re-accumulation, we can begin to build back long exposure. In Wyckoff terms, we would now be looking for the LPS/SOS stages. If price gives us a wave (i)-(ii) structure (in blue), we will get a H&S pattern that provides a solid bullish setup (long above wave B of (ii)). Support on the pitchfork median and a break of the 20 week MA at 224 would then signal that our assumption is likely correct.
A well-prepared entry is important because price can also exit the range to the downside. The bullish idea is invalidated if price moves out of the pitchfork altogether, which is below 202.
Cheap Valuations for Fintech PSFERecent strategic partnerships and acquisitions, insider share buying, trading under a 2.0 P/S with ~ $1.5B annual revs and $120B transactional volume, and significant gaps to fill on the chart all make PSFE a no-brainer buy at these levels.
Just my personal opinion, not investment advice.
BNGO Sell Off TodayNASDAQ:BNGO
OANDA:US2000USD
BNGO down 5.63%...time to panic? Absolutely not, after the rally of small caps over the last two days, it is expected to see a pull back. Short term traders are locking in profits, and volatility was low today (only 5.6Mil). I expect to see the climb of BNGO through the holiday season.
Current Options Positions
Short Calls - Strike 5.00 @ 1.21, 21-01-2022
Long Puts - Strike 2.00 @ 0.05, 21-01-2022
Short Calls - Strike 6.00 @0.21, 21-01-2022
Current Stock Positions
@5.97
@4.00
@3.69
Historical Behavior post-recessionsThe Russell 2000, as well as the S&P500 tend to have a similar behavior coming out of market bottoms. In this case, we analyze the potential move with past historical data.
The first year is usually a strong one, the second one there is consolidation and accumulation, the third there is a strong rally that loses steam near September.
Using market bottoms from:
1974
1982
2003
2009
QspBtc - 4x - 10x Breakout coming?In 1D TF 50MA/100MA/200MA are very close to each other.
1D 50MA could be the support now.
We have 1W, 1M bullish cross-ups in #STOCHRSI
1. take profit level in 1W 100MA (150sats)
2. take profit level in 1M 45MA (around 350sats)
Cap is very low in around 0,05Bn Usd.
Important security project for many big ones. #bnb #eth #dao
Not Financial Advice. Do your own research.
Suprajit Engineering BreakoutThe stock has broken out and retested, therefore it may undergo a rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & Previously upper trendline. The target is placed near swing high.
Note: Market is having weak sentiments, making this a high risk trade. Due Caution Is Required.
Oasis Network Breakout OpportunityThis crypto has broken out with good volumes and could Retest in daily candlestick chart, and may rally further.
It is a small cap and the markets are showing signs of weakness. so this trade is of high risk and due caution is advised.
A good point of entry would be around 0.32 USDT, which is the point of retest in Fibonacci levels and previously higher trendline.
Risk Reward Ratio - 2:1
SL placed below major support and below trendline.
Biotech primed for a move higher?This one is almost pure intuition. We're in pharmaceuticals earnings season now. Seagen reports after market today. A bunch of other large holdings of XBI report on November 3-4, and a bunch more on November 8. Bonds and tech stocks have made a breakout move upward, and small caps look primed. (XBI is full of small and micro caps.) XBI has had a long consolidation here, and I really like the price action on it today. A lot of other sector funds have had mid-day pullbacks, but XBI has maintained its steady upward slope. It has poked above the 20-day EMA. My guess is that this will be green again tomorrow, so I've rolled the dice on a call expiring October 29. I'm also looking for continuation the next two weeks, with a first target of about 131.75.
POLKACITYMY TA on this one.
I like the project and believe if they continue to hit their company targets, we can expect significant gains. We can already begin to see a trend developing and big money buying in, on the lows, making it thus far an easy one to find the trends on.
Obviously high risk with a very small market cap.