Overview: Let's review the key points of the previous update (October 20th): Wave (c) of y of 2. Completion of wave III of (c) on Monday. (c) of y can complete around 190. Had a 20D cycle trough on October 17th. Currently, in the first 5D cycle of the first 10D cycle of the second 20D cycle of the second 40D cycle of the current 80D cycle. ...
Greetings, Traders. Let's delve into a comprehensive higher timeframe analysis, stretching from the daily to the 4-hour timeframe. Currently, we're observing gold trading in the range of 1964 to 1991, and it's riding a bullish trend. If we manage to break above this range, our eyes are set on the next resistance level at 2007 to 2014. Further ahead, the...
Will update Trading opportunity on an oversold dump for some quick profits Resistance $56-59, should get a bounce from $48-$51 area. Its possible that KO may have topped out. But its a large cap that's heavily traded (presuming many large traders actively buy & sell to keep a low cost position to reap the dividends). Large pullbacks like this amount to nice...
Will update Overview shows a similar pattern to the dot-com bubble where GIS acted as a strong hedge against the washup and the recession) Its reputed as a 'boomer stock' that pays dividends Beautiful trendline retracement (so far) and RSI reading is extremely oversold. Worth taking a position, should pump to at least 70$ before any major further downside (which...
Seems to have hit the last spring of the accumulation phase, now entering the breakout phase? Took a long at 181.73
This is my long trade, not financial advice, since I'm a rookie. I'm going to put some lunch money and watch it grow.
Hi all, I would like to share my new long-term analysis for BTC. It is very possible that similar ones have been done before but I publish mine here to track BTC's future moves. As we can see in chart, BTC has experienced 3 main cycles. In the last two cycles, a bull-run staring from the Halving date is followed by a retracement of 80% from marco top a...
In the past, the 0.618 Fibonacci mark quite often coincided with the price at the time of halving. The latest movement of bitcoin confirms my words, that at the moment of halving, the price of bitcoin will be in the region of 40k. And no, this does not mean that we cannot overcome this mark by then. But this is as a guide in which direction the price is...
As I've mentioned in my previous analysis, I believe we're at a market top (Despite Tom Lee calling for new highs). There's nothing positive for markets looking forward, therefore I think markets will finally price in all of the raise hikes and the poor economy. I think we may see one more high, however, if we do, I believe it'll result in a rug pull. I think...
PMI readings (services and manufacturing are in an uptrend Stocks and Gold are in line with current PMI readings (e.g. services PMI) Commodities (WTI/Oil) and Crypto are lagging behind and may catch up to current PMI readings YoY%-Changes of all assets are shown in the following chart: Disclaimer: this is not investment advice. You are responsible for...
GBPUSD! N.B! - GBPUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #gbpusd #cable
AUDUSD! N.B! - AUDUSD price might not follow the drawn lines. Actual price movements may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #audusd #aussie
After careful analysis, it's clear we've entered a bull market for BTC. The global correction wave 4 concluded in November 2022, and the recent price actions offer confirmation. Here are the key takeaways: The trend from 23rd November 2022 presents as a robust bullish impulse. All impulse waves and corrections looks nice and well-balanced. The waves within...
Blue starts from the 2015 bottom and goes to about the 4.236 extension that took place in August 2017. Orange starts with the December 2018 bottom and goes to the top in 2021. Plan: DCA and wait for the white flag.
Hello guys 🖐🏻 Gold pumped and pumped and pump again and again 😄 2010$ _ 2020$ for Gold is very very important for me . This supply is a nice area for sellers . But entry with accept ( candle stakes 1H and 4H ) But basic trend for gold in 4H and Daily is bullish . 1910 _ 1935 Demand zone is pullback area for this times. Good luck ✌🏼
Hello Traders, Ethereum looks bearish here and is following a very similar retrace cycle to last time. Watch this space as I update this idea.
The market looks very exposed as one of the big 7 tech stocks performed poorly this earnings season. Also, interest rates look like they may have peaked however, history shows when the short-term rates fall vs long-term rates (or when rates are cut) there is a correction in the stock market.
In the last DSS post, I said when the moving averages enter the overbought zone🟩 on the Double Smoothed Stochastic oscillator, we get a red month candle. After that, the morning star pattern will mostly appear, which surpasses the drawdown (as in 2020). And so it happened, we can see the number of bears who have caught on to this and are now very sorry looking at...