trade-God

E-cutie All year EQT, an unloved natural gas producer has been a swing trader's paradise. I've harvested so many gains from these E-cutie trees I thought I'd make a thread just for it and post trading updates. The macro technical picture is clear. Years of being battered by shorts ended with capitulation in 2020, followed by a swift rebound. Fundamentals are tightening. According to analysts, $25 is fair price for $2.50 NG price. Goldman Sachs has a $23ish target. Price action is showing signs of bottoming. It's lining up but this is much more profitable short term swings. Currently, price is building a base at previous long term support around $18. More downside is certainly a possibility given that NG prices look overvalued. But, EQT is in a channel and fundamentally undervalued. Investors might front run this sector as demand picks up in later in the year, in which EQT will likely be closer to $25. s3.tradingview.com/s...shots/f/fu2UOMWS.png Long EQT +200 @ 18.10Comment:Comment: Selling 100 shares into this strength for a 7% gainComment: Very bullish development with the MACD showing momentum is kicking up as price approaches a major resistance level. Looks ready to pop through and if not, I'll wait to add more.Comment: EQT corp bought some assets and price vomited -8% today.... It's a gift.... buying more before it starts setting new highs for the year.Comment: There you have it. Analysts announce price target of $24. Right where my grey box starts. HODLComment: Trimming 50 @ 20.80 for a 14% gain.Comment: Because price tagged previous resistance and likely needs to consolidate or pullback before moving higher.Comment: Letting the last 50 shares ride as momentum can still carry price further. If price dips I'm looking to layer back into a full position.Comment: Just to put it into perspective here is a macro view. Fresh multi year breakout and $25 will be a major barrier which extends within the grey box. This is not the time to chase this trade. There will be a pullback and the depth will depend on the future outlook of the NG market.Comment: Buying.Comment:

The House Bitcoin is a symbolic play against the House in a game of blackjack, hence the 21 million limit. The player soon finds the odds are stacked against him despite his enthusiasm Looking at the stack you find some things aside from the momentum indicators rolling over A. How euphoric does a market need to be to create laser eyes? 2. Or a president of a country going all in and celebrating like he's won 3. Media attention on full blast with ads on every corner of the web 4. The sense of "I'm going to be rich" K. Doge Even if this is not the end, a note on crypto in general. It's clear all of this is centralization profiting from decentralization. Does the majority really want platforms where people are completely uncensored and responsible for themselves. Or does it make more sense that the House absorbs what's useful and leaves the rest for dead As a final thought and the perhaps most important. Keep in mind the entire bitcoin saga started 2009, in the midst of asset bubbles in nearly every corner of the marketComment: To expand a bit more on this. I still own some bitcoin and the tech is solid so it's unlikely Bitcoin dies. The question is more about where we are in the market cycle and what exactly is the reason the price is where it's at. Is the upside potential greater than the risk. Technicals Technically it is in a fifth wave up. Originally my fib analysis in previous posts pointed toward $123k, which could still happen as it hasn't broken trend yet. But that upside potential isn't really that much considering the gain from $11k when this cycle started. The fib level below would be more attractive to buy. Psychology In previous articles I wrote about the emotions and phases of market cycles. You can feel exactly where people are at if you follow social media. There is a sense of invincibility. That 1 btc = 1 btc so price doesn't matter. Total nonsense as it's all relative to what you can buy and 1 of anything = 1 of anything 1. The Stealth Phase: Accumulation of the unknown 2. The Awareness Phase: Institutional investors start to see potential 3. The Mania Phase: Media injections to hype it up. 4. The Dump: Profit taking Strategies When someone with resources spots opportunity, efforts are made to maximize it. Tether is born and who knows what other schemes to capitalize on this new asset in the wake of super low interest rates and next to no regulation. Inflows build up the price. Money chases the hype. A Congress member adds laser eyes to their avatar. Companies and countries yolo in.Comment: Bitcoin has never crossed below the 12 month EMA without falling from that EMA about 50 - 68% That puts the downside risk target around 21kComment:

Time Is Melting Up A decisive moment draws near as a familiar, but forgotten trend incredulously appears. Outlined in "S&squeezed" linked below, caution was appropriate until new highs were confirmed. Enough time has passed. The carcasses of blown accounts can serve as a launch pad to revisit the fib that was lost at 4500. This is now underway. Soon to find out which way things tumbleComment: More accurate fib extensions from previous highs to previous lowsComment: