$TeraWulf Inc.(WULF)$ is my go to among the 11 tickers. i will second $Bitfarms Ltd.(BITF)$ but WULF has a stronger overall price structureThought process1. Less than 4xATR% from 50-MA, only 3: WULF BITF $APPLIED DIGITAL CORP(APLD)$ . Think of my ATR% from 50-MA multiple as how far u can stretch/pull a slingshot from a base structure 2. RS first, Setup second, look at the volatility adjusted RS against BTCUSD in comparison to the first. WULF and APLD begins RS first on 30th May, BITF only begin on 23rd June.3. MA resistance challenges, WULF is the only few trading above all MA4. There is a higher low consolidation setup in price structure for WULF in the prior 5
$Valkyrie Bitcoin Miners ETF(WGMI)$ – Bitcoin Miners ETF, there may be an indirect opportunity within the ETF.After pausing following a 10x ATR% extension from the 50-day MA last Thursday, a breakout from the current sideways bullish pennant consolidation could trigger further upside in BTCUSD and ETHUSD. Current setup in WGMI is at 6.8x ATR% from 50-MA, too extended for direct execution. This is where I dive into the combinations of tickers within WGMI; $Riot Platforms(RIOT)$$IREN Ltd(IREN)$$TeraWulf Inc.(WULF)$$Bitfarms Ltd.(BITF)$$Cl
Maintaining TSLQ as an opportunistic idea for potential market pullback
The setup I was seeking is for $Tradr 2X Short TSLA Daily ETF(TSLQ)$ to maintain a sideway or a flag based consolidation price action to maintain it as an opportunistic idea on any market pullback, but yesterday's price action is to erratic for near term entry. $Tesla Motors(TSLA)$ short idea remains in my stalk list but there's definitely nothing actionable at this juncture.ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!Find out more here:Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.
I have a habit of tracking my total realized profits/loss in terms of 'R' for tickers I’ve traded repeatedly, and $AdvisorShares Pure US Cannabis ETF(MSOS)$ ranks among the worst. My last 6 trades in MSOS was 2023 and 2024 to a 100% losing rate on 6 different occasion. MSOS have one of the highest beta in my ETF list but most of them move get faded aggressively in just a 3-4 days move, while I try to hold to the next day after a close below 10-MA, and breach LoD 30min at open. Often than not, lots of profit will be evaporated even before T+3. Extremely important reminder that every single ticker in the market has its own characteristic in terms of price action development. If not for the scar I've had with MSOS, i would have already took the trade
Volatility-adjusted RS indicates ETHA superior to BITX
Positioned this 2 days ago to a +4R now. I went through a thought process if I should split my buy stop order into both $iShares Ethereum Trust ETF(ETHA)$ and $2X BITCOIN STRATEGY ETF(BITX)$ (i got earlier stopped on BITIX on 2nd july entry) but volatility adjusted RS suggest ETHUSD is much more superior to BTCUSD. Still T+1 day only, but my size is almost 35% of portfolio in this as $Amplify Etho Climate Leadership U.S. ETF(ETHO)$ did not have spread tightening when order was placed.ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as wel
Much longer time needed after yesterday's price action wrecked the bullish wedge structure. If you study the similar $XPeng Inc.(XPEV)$ IPO base move in 2020, the next rally leg from a proper setup surrounding a reclaim of 10 & 20-MA may not be as explosive as it's first run (higher low consolidation between 28/12/2020 to 11/1/2021) I am shifting $CoreWeave, Inc.(CRWV)$ focus list to stalk list.Image
SMCI – RS improving, consolidating within multiple base formations
$SUPER MICRO COMPUTER INC(SMCI)$ – RS improving, consolidating within multiple base formationsSMCI has gradually risen in 1-month RS rank on my Liquid-20 monitor list with 1-month RS at 92%. Only 3.6x ATR% from 50-MA with a strong price structure, up +60% in two base formations since April, while most stocks have ATR% multiple compression due to pullback. $iShares Semiconductor ETF(SOXX)$ and $VanEck Semiconductor ETF(SMH)$ lead market groups with 100% 1-month RS.SMCI has a 4.9% ADR, but $DEFIANCE DAILY TARGET 2X LONG SMCI ETF(SMCX)$ offers 10% ADR, halving the funds needed for the same potential return on the same risk %
Are you exclusively using the volatility adjusted RS line?
yes, but do what works for your own trading. I only switch them off on IPO orientated names since my belief is they trade in isolation to general market move. I also need to highlight volatility adjusted RS is not useful to look at long-term RS (which IBD RS rating number is calculated via one year RS), it is only useful within a swing trading timeframe (weeks, months etc) so I'll only look at development of the volatility adjusted RS line within that duration. My RS STS% in my spreadsheet also caters solely to 1-month price development, vary from IBD RS rating.The traditional RS line and IBD RS rating is better suited for position trading, especially when using WON’s 7% stop-loss rule. It's less effective for shorter-term swing trades. IBD RS Rating's calculation method makes it inherentl