Bitcoin price is starting a new short - term uptrend on its 1 - hour time frame and might offer an opportunity to go
long on a pullback.
Not exact matches
Similarly, we always take the same approach
on the
long side when buying
pullbacks of strong stocks; we wait for a
pullback to form some sort of reversal pattern before buying (rather than trying to catch the bottom of the
pullback).
During corrections and
pullbacks, the main stock market indexes must hold onto this level in order for us to continue operating
on the
long side of the market with confidence.
We recently profited from the sale of two ETF swing trades
on the
long side of the market, $ FXI (China) and $ EPOL (Poland), and we continue to monitor select international ETFs for potential buy entry
on a
pullback.
Over the past four days, we have been tracking the inversely correlated ProShares UltraShort Oil and Gas ETF ($ DUG) for a possible
long entry
on pullback into the 20 - day and 200 - day moving averages.
«
On a
longer horizon, however, I think there are some fundamental headwinds which could cause a
pullback into the mid $ 40s.»
On September 10, we walked you through our recent
pullback entry into Yelp ($ YELP), which we are still
long in the model portfolio of our Wagner Daily newsletter.
Having just closed out the
longest stretch
on record without even a 3 % decline in the market, memories of past
pullbacks may have faded heading into this recent period of volatility.
While a new uptrend is still not established, both the short - and
long - term setups look bullish, and investors could still accumulate the coin
on the
pullbacks.
The coin is still very strong from a
long - term technical perspective and investors could still accumulate XMR
on the short - term
pullbacks.
Depending
on how
long such a
pullback would take to play out, the rising 40 - week moving average (orange line) may also end up converging with support of the weekly uptrend line.
I said last month that «I personally am getting a bit squeamish
on how much
longer we can go without at least seeing a significant
pullback in this market, this is not a strategy I am investing in.
Our views remain unchanged from recent weeks; we are looking to get
long Gold
on a price action signal after a
pullback or a blind entry at 1306.00 key support level.
I'm actually hoping for a broader market
pullback over the next couple months, which would surely bring down the prices
on some of the high quality companies I'm currently invested in and also those that I
long to own a piece of.
We remain bullish
on this market and will watch for a further
pullback to get
long.
Their charts all look great
on the
longer timeframe, while the SPY and IWM are extended in the shorter timeframe and could pause or
pullback slightly.
Conversely, we will also watch for a
pullback to support and then look to get
long on a clear signal near 5678 support.
What we have found is that the trader needs to focus
on stocks that are in
longer - term uptrends, that then sell off or
pullback within that overall uptrend.