Sure, we are in a downturn, a bear market; so what? With a long term line of sight, it's easy to see where Bitcoin is going. Every country has laws that govern. Heavyweights like the United States and China impact global markets. Considering Bitcoin has the attention of the two largest economies in the world, it's understandable that the market is affected. Take...
The USDCAD is displaying 2/3 market structure. There are only 3 ways markets move: uptrend, range and downtrend. These are composed of swings in the case of uptrend and downtrends. The USDCAD has been in an uptrend, composed of higher lows and higher highs. We then began to exhaust as no new higher lows and higher highs were created. We are now in a range. Price...
hey traders, weekly update for dollar index. the market has started a correction cycle and for the last two weeks, we see a steady bullish movement. I still believe that bulls have much space to push the index even higher before we see a bearish continuation. The first supply zone that I will pay my attention to is between 98.0 - 98.4 levels. as always, our...
Hello Everyone!!! I am Donald David Dongalore! Earlier in the day, I had promised that I would provide some remedial education! I am doing this because I believe that there is a lack of literacy, with regard to the cryptocurrency space, in the arena of monetary policy and the effect that meddling with a money supply can have! To fully understand what is...
Hello Everyone! I am Donald David Dongalore! This idea is less of a trade and more of a thesis about BTC! As you can see here, there seems to be a heavy interest in continually increasing the M2 money supply, and by extension...all other money supplies! The best part about BTC, is that it is finite! Meaning, that the more money that the Federal Reserve and...
Here is my thought process behind why I have a bearish outlook heading into 2020 - please note that this is the second time that I have ever published analysis and this is just me synthesizing a bunch of ideas. I'm going to start off with the lighter ideas before moving on to the heavier ideas... 1) We are in the late stage of the economic cycle... this is the...
The “Recession Watch” indicator tracks 7 key economic metrics which have historically preceded US recessions. It provides a real-time indication of incoming recession risk. While not flawless, this indicator gives a good picture of when risk is increasing, and therefore when you might want to start taking some money out of risky assets. All of the last seven...
Since last Friday, the global market has been unable to recover from the sell-off after the fear of trade war has resurfaced. The reason for lack of meaningful bounce back is because Wall street and investors no longer believe in the magic of Trump Put after hearing from China denying they have called Trump. It is becoming evident to the US and global investors;...
This short structure will lead to a quick sell position. Not to be held long term!
Simple buy setup on the USDCAD created from a 3 wave corrective structure
Corrective Structure on AUDUSD that can lead to a nice impulse to the upper trendline. There are several economic factors that may boost this move also
Here is a chart of quarterly PCE growth, which gives another useful 'recession watch' indicator. It is currently at a critical level and worth keeping a close eye on. Commentary from "The Recession Playbook" from Morgan Stanley: "With growth in real personal consumption expenditures (PCE) below 2.5% sending a reasonably consistent recession signal. Each of the...
This is a pre-data trade for GBPAUD. GBP is being bid up prior to the release of UK core CPI data today. It appears buyers are assuming good news which we all know, is highly unlikely considering the state of Brexit and the economy. The classic "BUY the rumour, SELL the news" Targeting new lower lows on the 1hr/4hr timeframe as the trend continues.
Good Morning, Over a week ago, I posted a long position on Gold @,1275, showing a nine month trend and decided to take the risk. Half positions were to be closed @1,300 which occurred on Friday, May 31st 2019. Here is an update on where to close the remaining positions. In this chart, the Fib. retracement of 78.60% and the wave movement of the flag pole both...