Mark Zuckerberg's recent announcement that Facebook will be renamed Meta has sparked a lot of buzz around the topic. The metaverse is an iteration of the Internet portion of virtual reality often in the form of social media. The metaverse in a broader sense can refer not only to virtual worlds governed by social networks but to the entire spectrum of augmented...
Since September's correction and 122 bottom, Solana has traded very constructively, putting in higher lows and higher highs on our chart. Now the price is above the resistance given by the old ATH and we can expect further gains from this coin. The target can be 300+ and only price back under 200 would negate this bullish scenario
Trick or Trade! Paper Trading on mobile has arrived on TradingView. So here's a quick demo tonight in lieu of a Sunday Futures Outlook, given that markets are at all-time highs, it's Halloween, and an exciting elimination game in the World Series.
In this post, I'll be introducing a way you can gain expose yourself to green investments through Global X CleanTech ETF ($CTEC). Disclaimer: This is not financial advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk. The Potential of...
Gold, after the breakdown of the uptrend, rolls back to the lower border. Pay attention to the impossibility of the tool to update local tops, most likely there is selling pressure. The price is consolidating below the level, I expect the price to fall to the support of 1779 ------------------- Share your opinion in the comments and support the idea with...
GBPCHF has approached a level that we have been waiting for. Everything is lining up for a really nice long term swing position to push it up more than a 1000pips. We have the 50 fib, major trendline support, descending correction support. Trade idea: Watch for a clear bounce and then enter with stops below the major trendline. First target (channel resistance):...
Last week, I wrote on processing spreads, a valuable tool that can provide clues about price direction. The price action in products that trade in the futures market like gasoline, heating oil, soybean meal, and soybean oil often tell us a lot about the path of least resistance for the crude oil and soybean futures contracts. This week, I will turn my attention...
A couple of days ago I made an analysis on Bitcoin and the potential break out of the channel. In the end, BTC chose the bullish side and broke up through the channel resistance. However, a bullish follow-through was missing and BTC traded downward again. BTC is currently seeing a minor reversal after testing the channel resistance as support. An aggressive...
Economies everywhere seemingly forsee rate hikes occurring soon and short term yielded treasuries are shooting up at rapid speeds to its pre covid levels. For perspective, longer term bonds like the US10Y have been at its pre covid levels while shorter duration notes and bills are moving up to this level quickly; flattening the curve. The lower duration yields...
Please see my 12/28/19 post "Long-Term Forecast for 2020 and Beyond." That post illustrated a fascinating web of 89 - years of Fibonacci time cycles that pointed to 2021 as a year in which there could be an important turn. This forecast method does not predict tops or bottoms, only potential turns. Price action into the turn zone determines tops or bottoms. ...
I have on the wall next to my trading desk a list of 10 rules which I remind myself of every day. These are rules that I've come up with as a result of mistakes that I've made in the past. New traders often have misconceptions about what good trading looks like, or how a successful trader behaves. The barriers to getting into trading today are low, but the...
The reporting period always attracts the attention of investors and can guide a company's stock to meaningful changes. Now that the season is here, many organizations find themselves either winning or losing. A temporary loser was Intel, whose stock fell on Friday following the release of its Q3 results on Oct. 21. Investors sold their shares as the company failed...
In this series of chart patterns, we have taken a look at the more traditional ones. However, we have not yet discussed harmonic patterns. Harmonic patterns form a part of the numerous chart patterns available for the identification of reversal points. The practice of trading using harmonic patterns is often defined as "Harmonic Trading". We felt like it was an...
Warning: This is not any financial advice, real scenario may be different. This is something that I'm expecting on ETH Crypto peaks are usually marked by blow off tops, and an extreme mania/euphoria phase. I expected the last crash from $4.3k levels last time to be the top, but then, the buying pressure, proved it wrong. There was ample demand, and now it is...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. If you enjoyed this analysis, I would definitely...
On 25th October 2021 USOIL reached our price target of 85 USD per barrel. After that we announced that we would not be surprised to see shortlived correction since USOIL reached overbought condition in the short-term. Now it is clear that price retraced from high of 85.39 USD to as low as 80.62 USD today. It is likely that correction will continue little longer...
Shiba Inu price nearing the moon as bulls quickly push toward $0.0001. SHIB's market cap grows to $42 billion, becoming the ninth-largest cryptocurrency. Shiba Inu is like a 100 meter Olympian on steroids, sprinting to new all-time highs (ATH) every day. The meme-based coin has brushed its shoulders with $0.000088 for the first time in the history of its...
It is easy to get confused with overflowing information about market structure in the trading world. To simplify things we have come up with a way of analysing market structure simply by marking each high or low. In this particular example, you can see that higher lows were being created all the way down the bearish trend, so we knew that it was a seller's...