edutradinguru

edutradinguru Updated 

Good Morning, just an easy update on BTC. To sum up the idea: -This could be the beginning of a nice leg up that can bring us to 7700, 8000 or 10000. We will see why and why I abandoned the Short idea for the moment. - The short is still possible between now and the halving, but atm priority is upward. My view lately was for a retracement at 6000 level, but it...

edutradinguru

Bullet points: - the futures-spot difference (basis) on gold reached never reached before levels; - we have to adapt to this situation as long as it last, as values before the 23rd of March are not appliable in this moment; - The data suggest that the basis increases when gold value goes up and decrease when it goes down: identifying the range for the...

edutradinguru Updated 

Hello, we can see that Chainlink, one of my 5 crypto picks, is showing a recurrent path in an armonic frequency in time, with spikes and dumps but holding very well the 200 daily MA. Evey 4 months we touch it again. The overall pattern is bullish, and if we consider that LINK was born in the middle of the bearish market we can tell that it is a resilient one. An...

edutradinguru Updated 

Hello traders, I tried to look other than the crowded trades of these days (gold and oil) and I came up with cotton. The price held very well the multiyear dynamic support. Also, COT signals that producers almost closed all their short, meaning that they think not to need an hedge against falling prices for the moment. That is a very bullish signal to me. It is...

edutradinguru Updated 

Look on bitfinex on the Eur. The price already hit the 100 hourly MA. Volumes were also huge. On bitmex the max price of BTCUSD was 7028, while on Kucoin it never rose above 7000 (the max was 6995). I do not want to do any endorsement for good and bad exchanges, but just look at the levels. Remember that exchanges have full visibility of your stop losses, so...

edutradinguru Updated 

Good morning everyone, just a quick update as yesterday I talked about a H&S but the chart was not on the right TF to show you. This is not the H&S I had in mind yesterday in the linked update, BUT a new one is formed, with different shoulders ut identical head, hence identical target in the 6000 area. As I said, the ridiculous yesterday price action confirms...

edutradinguru

Hello everyone, it is 1 month from halving today, so which best occasion for doing the last update for a while on the subject. I will update it as long as new info from market data will be available, it can take few months. You can see my previous idea linked below. Differently from the last update in which I merely used data available from the chart, I...

edutradinguru

Hello guys, happy Easter! Today I am using the BTC EUR chart for two reasons: 1- it shows less drawings that the USD one so it is easier for you to understand. Also, we will not focus so much on absolute values, just the final target that can easily be converted in USD. 2- it highlights a little difference compared to the USD one (explained at the end). The...

edutradinguru Updated 

Hello traders, to be honest I am using this chart as the BTC one was so full of upside resistances for BTC that I (an you) could not read anything. Jokes aside, after a good recovery in the past months form the terrifying lows, it is time to think. This chart gives us a slightly different picture, as the 50MA has already been broken (even if it is descending),...

edutradinguru

the top 10 alts excluding btc seem to experience a death cross soon. Death cross is always LAGGING, meaning that when it happens, the movement most likely already occurred (otherwise that would not be a death cross). Note that this is not a real death cross as the 200MA is positively sloped. Anyway the 50 one will likely go below it, after it breaks below the 100...

edutradinguru Updated 

Hello traders, it is time to set some strategy ready for the week ahead. I start with gold, which is in my opinion a little too hyped by investors at the moment. In the LT I see it bullish, but, as per linked idea, Gold does not react to headlines as happened last week with FED bazooka and its bull runs happens at a later stage after easing monetary policies are...

edutradinguru Updated 

Good morning everybody, It may seem as a routinary situation for BTC, where bulls and bears fight to imprint the market direction. But this time, even if not realized by many, the winners of this battle will guide the direction in the following months. We are currently at a crucial level of 6800 which is a very long term support/resistance from 2017. The price...

edutradinguru

We all watch those two indicators very often, but they separately do not provide much information as when used combined. Also, as mentioned in the linked idea, their absolute value is not that useful as well. But, when used them together and with the ratio betweenthe two (LSR), we can draw a couple of conclusion. 1 - We can state that the number of longed BTC...

edutradinguru

Hello, SPX touched the retracement area (red rectangle at the 62-31 fibo levels from the ath at 3400 to 2200) after few days of euphoric uptrend that was due to FED and Trump declaration of monetary stimulus to the economy, but as we know, the effect of that kind of news just last for a limited amount of time. Then reality comes in. The blue line is the number...

edutradinguru

Hello, I want to add more colour to my previous view linked below. A 6000ish level we are going around these days makes sense as it is double than 3000ish level of : this tells us, if there was any doubt about it, that the halving is already priced in (and probably it was since April 2019!). So as of now, I am confident this is the FAIR PRICE of 1 btc - the best...

edutradinguru

Hello, this is a MUST READ for all the people that want to have a different perspective about the Long term and not just being pushed and pulled here and there by minimal market fluctuations of 200usd or 1000usd BTC price . This will be my bible for next months/years, of course I am open to hear your ideas and listen to every objection, which are as I always say,...

edutradinguru

A simple but effective chart. Usually the simplest things are the right ones. As happened in 2015, in 2018, 2019 and now in 2020 we are holding the 200weekly MA, with a positive indication on RSI compared to 2018 lows. Human nature tend to be influenced by just recent events. The market went down in the last months so it will go down forever, or worse, to 0. The...

edutradinguru Updated 

Hello guys, as I said in other publications, the situation is not so great in the short term for cryptos (happy to be mistaken). All altcoin are in stand-by, waiting for a signal from BTC to which direction they should go, and they are pretty much in the same situation: locked into a channel between a local minimum and a medium term resistance (look at NEO, ZEC,...