MidasTouchConsulting

MidasTouchConsulting

Since its all-time high at 412 USD in late August Dash is in a correction. We might see further weakness that could lead to a another test of the former resistance zone around 190 -220 USD. Here Dash would be a great contrarian buy again. Trend followers instead will likely wait for a breakout buy signal above the red downtrend line currently around 310 USD.

MidasTouchConsulting

After the glorious rally from 8 USD up to 420 USD within less than six months, Ethereum is in a consolidation since early June. It looks as if this consolidation takes the form of a bullish ascending triangle, which means that a breakout above 400 - 420 USD will likely initiate the next furious big up-leg. If you add the height of the triangle to the potential...

MidasTouchConsulting Updated 

IOTA seems to be building a base here.. My buying orders between 0.50 and 0.35 USD have been mostly executed and I expect IOTA to test the downtrend channel around 0.52 USD rather soon. If it breaks out the 50MA (0.57 USD) and the upper Bollinger Band (0.64 USD) are the next targets... Only below 0.37 USD the correction could intensify one more time. BUY below...

MidasTouchConsulting

After the glorious rally from 8 USD up to 420 USD within less than six months Ethereum has been in a consolidation over the last four months. It looks as though this consolidation is taking the shape of a bullish ascending triangle meaning a breakout above 400 - 420 USD will likely start the next leg up. If you take the height of the triangle and add it to the...

MidasTouchConsulting

Gold did indeed continued its correction and reached a low at 1,260 USD on Friday the 6th of October. I hope you followed my advise and went long below 1,265 USD, cause since then a strong recovery is on its way and gold is already back above 1,300 USD. Yet the big questions whether this current up-move is just a wave B type recovery or in deed the beginning of...

MidasTouchConsulting Updated 

Two scenarios for gold: 1. Since the top at 1,357 USD gold is in a correction which usually turns out to be some form of ABC-Correction. If we are still in wave A, the following wave B should take gold back above 1,300 USD. Probably to around 1,315 USD.. After that expect another wave down which might not end before prices around 1,215 - 1,205 USD are...

MidasTouchConsulting Updated 

Gold lost 42 USD over the last 4 trading days and briefly touched 1,315 USD intraday.. The recovery since then is bullish and could indeed be the beginning of the final 5th wave up targeting around 1,375 - 1,400 USD. 1h and 4h chart getting overbought already so an immediate entry does not make too much sense but it could very well mean that anybody who got...

MidasTouchConsulting Updated 

It´s been quite a while that I have been writing about Bitcoin. The rally over the last couple of month has been amazing and one just had to let his winnings run... Now Bitcoin has seen a larger correction, meaning it´s down around 35% from its recent high around 5,000 USD... As you might have realized Bitcoin was topping out with a head&shoulder pattern. The...

MidasTouchConsulting Updated 

After breaking through the six year downtrend-line in the last week of July the gold price continuously gained momentum and was finally able to break through the strong resistance zone around 1,300 USD in the last week of august. This super bullish breakout fueled the rally in the last 10 trading days and gold has now reached my first target zone around 1,350...

MidasTouchConsulting Updated 

I am a big fan of IOTA. The expected Head & Should pattern played out perfectly in the end although the market did everything to mislead bulls and bears during the last couple of weeks. I guess we just witnessed the bear capitulation.. Couldn't find any news that justify this sell off but as IOTA had gone up so much a nasty correction was necessary. All my...

MidasTouchConsulting Updated 

I am a big fan of IOTA. With contrarian thinking and some luck it became my largest position in crypto right at the low five weeks ago. Now that prices are up sevenfold I am getting cautious. IOTA is moving fast and might form a bearish Head & Shoulder pattern here. I am not selling one single IOTA but have hedged my position and plan to aggressively buy...

MidasTouchConsulting

Gold remains very bullish here despite any overbought readings.. The breakout above the 6-year downtrend-line is super super bullish. Its the strongest signal for gold since 6 years !!! With the slow stochastic oscillator being embedded the rally will very likely continue over the coming days and weeks towards 1,295/1,300 USD. From there we should or could get a...

MidasTouchConsulting Updated 

It´s been the right thing to wait with any recommendation in the mining sector. But now I feel the time is right. As explained I believe silver has a great potential over the next 8-12 months. The best way to play a multi-months rally in silver are some of the best but currently beaten down silver mining stocks. First Majestic Silver without a doubt is one of the...

MidasTouchConsulting Updated 

I think the silver-market now is cleared from all the weak hands and any stops below the technical important levels around and below 15.80 USD. Of course technically the chart is currently broken but I believe the 12 months correction has ended with a final capitulation that now opens up the door for a new multi-months rally. If gold can indeed move towards 1,500...

MidasTouchConsulting Updated 

Another silver stock that I really like and that I have already recommended in the past is Endeavour Silver Corp.. Although Endeavour had some issues in the last couple of months I continue to believe in Bradford Cook and his team. Endeavour was one of the best performing silver stocks in the first half 2016 and should offer massive leverage in a new silver bull...

MidasTouchConsulting Updated 

The Cryptocurrencies had a spectacular run in the last couple of months. But since mid of June they all moved into a rather nasty correction. Bitcoin went below 2,000 USD already while Ethereum lost more than 65% in six weeks. Yet they are oversold and getting interesting again.  I have been buying IOTA over the last couple of days. It´s up 52% today :-)  ! As...

MidasTouchConsulting

Gold is very oversold. Pessimism was very high! CoT now looking very good. Seasonality as well. Stochastic with divergences & new buy signal. A bounce towards 1,240 USD is possible at least. But I think we´ve seen the lows and gold will break through the 6-year downtrend line soon. s23.postimg.org

MidasTouchConsulting

Bitcoin just reached 2,900 USD!!!! This is unbelievable and amazing. I am very happy that I recommend Bitcoin to you below 375 USD! I remember very well all the hate emails I received back in December 2015. Now in retrospective besides my proper technical analysis this was a great contrarian signal. If you followed my advise your Bitcoins are currently up around...