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laiello

GLD's performance has caught my attention (as well as many others) over the last few weeks. It is hard to ignore that gold looks pretty attractive at the moment given the macroeconomic forces that are at play today. Before we dig into the technicals, let's remind ourselves of the following: Fundamentals: Central banks all over the globe lowering interest rates...

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Following from my correct short call last Friday, I suspected a head was forming based on the lower volume on the higher high we made. Thus far, it looks like the signal is close to completing. Notice the higher volume on the sell side after the head formed. In addition, we broke strongly through the support established during the formation of the left...

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I'm seeing some concerning signals that this trend is nearing the end. Here is what I see in order of importance: 1. We are coming up to a twice-tested resistance of around 10,500. 2. We have a potential head and shoulders formation. We hit this high in lower volume than the last breakout. 3. There is a divergence in the RSI & MACD. We are extremely overbought,...

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I am seeing a bearish wedge formation forming on hourly candles. Normally, this is a continuation pattern, so I am concerned seeing this at a top. As it is usually a continuation of a downtrend, it could be signaling a market top at the uptrend. Given that we have heavy resistance a short distance away, I suspect that there will be heavy selling pressure from...

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As we begin the week, it seems I was dead wrong on my trade from Friday. Bitcoin is weaker than I assumed, and I got stopped out of the trade. I am now tracking a bearish trend from our top of about 7400 last week. We have some minor support around the 5850 price, so I will look to buy there, setting a stop loss at 5650. With a profit target of 6450, that gives me...

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Good evening, As we look into the weekend, BTC is still within its medium-term uptrend. We had a nice buy at the 6800 level, where there was strong support established from the previous resistance breakout in addition to the bottom line of the ascending channel. It seems to be holding this, so I will be looking to take some profits at the 7400 level with a...

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Taking a long view here to make sense of the recent movements in Bitcoin as COVID grips the markets. We are at an interesting price at the moment, you can see this level was the support back in late 2019, as well as late 2018 before the big 50% drop to the lower 3000s. We have some minor support at the 5700-5800 level, as well as downward channel support at the...

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The recent surge of capital into Ethereum has caught my interest this week. The parabolic moves are getting stronger and the profit potential is too great to pass up. We can see a parabolic arc almost fully formed near a fairly strong resistance line. Given the current surge, I can see Ethereum hitting $300 simply because people want to see it on their monitor....

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Good afternoon and Happy Sunday! We are once again consolidating at the same line we have been playing with for the last 6 months. The resistance at the 9550 level has been confirmed once more, and consolidation is well underway. I am expecting this to break fairly soon, as I think this consolidation period won't last as long for the following reasons (in order...

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Haven't seen a new low since right before Halloween, which is a first for GRIN. It is a good coin with some strong developers, and is still very new. We only have one year's worth of data to look at. With government's growing their surveillance programs each year, the demand for privacy technologies will enable GRIN and coins like it to be successful. Things I...

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I am currently observing the following trend reversal indicators in the short term (in order of relevance): 1. The downward trend established from the June 2019 highs has been broken on stronger than average buying volume (relative to the last few months). 2. The long-term upward trend established in March 2019 has been tested and confirmed. 3. The 200 EMA has...

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The way I see things, we will be in a down channel until we hit a new bottom. I don't think the support holding around the 7800 is enough, based on how easily we blasted right through it only 4 months ago . I see a good short-term buy here. Look for a good sell point (hopefully shortly after) we break $9k because there is a good chance it will fall shortly after...

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Traders, I have been a bull for the last 4 months or so as a result of the parabola drawn above, which began in December of last year and has been confirmed numerous times this year on strong volume. It appears as of today, that parabola has been broken. Historically, this has meant further price drops and I suspect we will see further drops here. Next support...

laiello Updated 

The last two lows have started a new uptrend, as they have occurred on high levels of volume. With the last low being higher, I believe we are in the channel pictured above. I see us hitting some light resistance at 13k again, before pushing up to 13.8k, the line of major resistance hit 2 weeks ago before the big drop. We may even go to 14k before dipping as that...

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Traders, It seems I jumped the gun a bit on my last analysis. I'll admit, I got caught in the bull trap. I lost the bigger long-term perspective. I'll give another one here and hope this is better. The downward channel indicates we are still in a downtrend, at least for the mid-term. The long-term trend line beginning a few months back indicates we are still in...

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Hope everyone has had a great start to their week. Here's my take on what is happening with Bitcoin. It's obvious that the parabola that began 3 months ago has been broken, and we are in a new bear market. If it wasn't, the rally from 10k would have been sustained and we would have been past 11k by now. The bears are out in full force. As such, the red channel...

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Since the market rolled over about 24 hours ago, we have been in a downward channel in the mid-term, with minor rallies in between. The downward channel was strong and violent, with lots of volume. Recently, we have seen a double bottom formation and a breakout from this downward channel with decent volume. I am waiting for a pullback to confirm the new trend. If...

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Traders, So I'm new at studying parabolic charts and this market, and there are a few things I can see happening. One is that after these pumps, there is a period of distribution & accumulation where the accumulation is extremely strong. Eventually, the bears get tired and the bulls completely overtake them, pushing the price higher. Each time this happens, these...