Went with the broadening wedge perspective here. Take a look at the outcomes, both bullish and bearish continuation possibilities shown. Interesting spot also factoring in the airdrop in a week. Close, close, close eyes.
Many milestones have occurred for oil prices in the last year. The world is going green, and the US now exports oil. This has led to a slight glut in the oil markets. A stronger USD buoyed by a statement from Fed Chair Powell regarding increasing interest rates to fight inflation pushed the price of oil lower. I see oil hitting $58-$60 range by Mar 10 2018.
The correction phase is over and i think we will start the long movement now (See the previous chart for the analysis) Best of luck
I went long on Wheat this morning in my paper account due to my original long commodity thesis. I am actively looking to add more commodity exposure to the portfolio, mainly because that's where I believe the outsized returns will come to home roost. On the weekly charts, wheat has broken through the rectangle pattern that spans back to August of 2017. I set my...
Entry point to BUY = LONG-TERM / Chart 1 Day
The yellow shaded zone was widened to indicate (1) a jump off point from the base/consolidation into a price territory where the price of sugar started stalling. Also the top of the rectangle shows where some sellers started to press down. This is not technically a series of lower highs yet, meaning on every rally they sell but the pattern is emerging. I...
Bitcoin Futures had a huge positive correlation for its entry point and now the correlation seems negative. This is due to an after entry crash. Also people, aren't sure about this adaptation of $BTC. However, given the recent correlations in prices, there will be some small demand for Bitcoin Futures and it is expected to go up in value the next few weeks....
Hey Everyone, As major platforms such as Dash, NEM, Bitshares and Neo are quietly taking steps designed to bring them into the mainstream and growing rapidly which these platforms are similar to Ethereum in that they offer smart contracts and the ability to create custom tokens, as NEM adoption and development continues to grow and also as the NEM.io Foundation...
Price recovers with a big bullish candle, due to Bitcoin futures start trading on CBOE exchange. www.reuters.com
The bulls spoke loudly last night as we ran over $1,000 at the start of futures trading. The trading we saw last night was different than usual, it was contained accumulation, keeping 5 min and 15 min RSI from getting overbought. It was 10-15 min of bull moves, higher low on the 5 min, rinse and repeat for a couple hours. I have seen this before with stock...
DAX 30 German Index breaking all time highs. Pausing on the weekly timeframe before a breaks out to create a potential weekly demand level on the way up if the second leg is created New weekly demand zones created on the way up. Longs at weekly demand zones
It is always worth a look at the gold-silver ratio. Currently, gold is 76 times more expensive than silver (per ounce). In the past, it has been shown that the area above 78 is an extreme area and can be used for trades. In this case, you would sell gold and buy silver.
It has broken out the huge down trend nicely, I am going to sit my position on long side now. However, by have low risk (cuts) I will be cusious on potential side way market. Have a great day people~!
Starting for the new up trend people. I am taking my long position.
You can see that price is now outside balance area #13 and hit the low of #12 then rejected. The time spent in #13 was significant and i'll be watching to see where the new balance area/trend starts. It's also worth noting that we sit above the 100sma and 200sma
With CTF crossovers oocuring and strong rally upward, we are looking at a great potential buy setup here if we can get a break through the cloud as well. Watch Closely! --------------------------------------------- CTF - USOIL Chart timeframe - 4hr Area of interest - 44.55 , 48 Potential target 1 - 46.45 Potential target 2 - 47.50 Potential extended target -...
Corn has been decelerating for quite a few months now and is currently rejecting key resistance (monthly 200ema/200ma + monthly fibs) with a high-test. Price action seems to be hinting at a turn from here in the near future down to $302.00, the September '09 low that sent us into an enormous rally to form the '12 highest high. I'm watching for a rejection of...