Bullish Momentum Builds: SMH, COIN, BTC& NVDA Welcome Upward Trend
Hello everyone! Today I want to share some technical analysis with you!
1.
$CME Bitcoin - main 2405(BTCmain)$ This 'Bollinger Band Breakout' strategy on Bitcoin is getting close to another entry:
Long BTC when price breaks through the daily upper bband, exit +15% or -3%
+226% return over the last five years with a R/R ratio of 4.04 ✅
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2.
$Coinbase Global, Inc.(COIN)$ Is it just me or does Coinbase look ready to go absolutely gangbusters? 🪙
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3.
$VanEck Semiconductor ETF(SMH)$ Beautiful example of using breadth to gauge when its time to buy into a hot sector:
When the percentage of stock in the Semiconductor sector above their 50 SMA dropped below 10% it marked the bottom on SMH several times. 🔥
Beautiful example of using breadth to gauge when its time to buy into a hot sector: When the percentage of stock in the Semiconductor sector above their 50 SMA dropped below 10% it marked the bottom on $SMH several times.
4.
$NVIDIA Corp(NVDA)$ And goodbye. 🚀
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