Fundamentally Gold should be trending higher. Or maybe a better way of saying it is fiat is trending lower compared to Gold due to its misuse. NEVER underestimate how much gold can move when real fear kicks in. This chart says there is a bit more downside left in the juniors before it bottoms out. In my opinion, nibbling now and backing up the truck when we test...
COMPUSDT (4H Chart) Technical Analysis Update
COMP/USDT currently trading at $564
Buy-level: Above $575(only buy if 1H candle closes above $575)
Stop loss: I will update once i see the breakout
Target 1: $625
Target 2: $700
Target 3: $750
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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There's a lot going on in this chart and we'll break it down and end with a summary.
LTC showed strong support in the $130 range and broke out past the $150 resistance line leading to the recent peak of ~$240.
We experienced a healthy pull back testing the $150 to $200 range where $150 has become support and $200 as resistance.
Looking at the short term, we...
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I do hope that the federal government will do its best to support millions of families that will suffer during 2020.
This report is about the more mundane topic of a stock recommendation....
2019 seemed quite bullish, but comparing S&P constituents by size shows a clear divergence year to date:
- Large caps (blue) SPY are in an up-trend
- Mid caps (grey) AMEX:IJH are sideways.
- But small caps (orange) AMEX:IJR are in a downtrend ever since 2018 (lower highs & lows).
Not to say we're on the verge of a correction, but this shows that...
I guess Ethereum have atleast one shot against Bitcoin in next cycle.
best scenario if ETH/BTC reach my target ETH/USD 4.000 USD
other scenario is ETH/BTC reaches lower high and ETH/USD top at 1.000USD
wrost scenario is ETH goes all time low on ETH/BTC chart slowly.. and sideways around 300-400USD
People love to compare where Bitcoin is in today's market to the previous cycle. I figured I would join them. My short-term outlook is obviously more bearish than many others. But, here it is. I'm not saying that Bitcoin will drop to nearly $2000.00, but I do believe that we still have a huge correction coming.
In the near future there is an opportunity to repeat the movement similar to the movement after falling in August. The global market is too oversold, but this does not mean that in the case of opening positions, this should be done on all capital, investments should be partial and deliberate, do not forget about money management and the weighing of all sorts...