2 major uptrend lines (held) + two major downtrend lines (broken out of, held)
* 3+ touches
* >2 year time frames
200W MA Support
Horizontal Areas Drawn in For Ranges
Significance => 90
Wonderful bullish news! There is a vaccine. The economic activity can soon go back to normal. The question now is how do we make it obligatory?
Crazy antivax conspiracy theorists are saying that because it is a rushed & untested vaccine and entirely new technology that affects ARN and contains heavy metals that can breach the blood-brain barrier we should let...
Had Gold buys this morning in London session. Was waiting for more of a well defined double bottom, did not get my confirmation that i was looking for. Even though the low did not break the first low at 1939 level. Waited for safer buys as its Friday and don't like putting alot of risk on.
Took most of the month of July off and just got back to actively trading,...
Posible venta al finalizar onda X...
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Pair has got to yearly high on Friday and it will lose it's steam before moving again up. There are few factors for that.
1. Price is overextended on RSI (overbought)
2. 161% fib level
3. Yearly resistence line
We are now at end of wave 3 and wawe 4 will most likely begin next week. Wave 4 is restracement. It's never too smart to trade wave 4, but to wait for a...
USD/CAD tested the trendline and the daily candle closed below the strong resistance zone. this will expose the lows from last month. My bias was to short this pair and im still holding my sell till next suppport zone i indicated on my chart.
I've just finished reading through Moody's analysis of Friday's Fed stress test of banks. Honestly, a lot of it was over my head. However, from what I can tell, it looks like Credit Suisse may be the best positioned of the big banks to weather this crisis. In the Fed models, CS survived with more Tier 1 capital than any other bank, beating most of them by a wide...
using the Pitchfan fib I have a projected price range for Cardano taking into consideration Bitcoin hitting its Stock to Flow price target of $93,000 by 2021 and a $250k Tim Draper 2022 prediction and a Pantera Capital Super Cycle price of $533,431 (slated for 2020 but I am a little skeptical of this prediction).
If Bitcoin respects this curved resistance trendline, we may never see Bitcoin below $8,000 again. Of course, this is only a theory and not to be taken as trading advice. I am also using the Pitchfork fib to give us an idea of future prices. I have plotted a few prices at the $93,000 for the Stock to Flow projection and also the Pantera Capital $533,431 projection...