After that dump, then dead cat bounce (price retraced back to the 50%) the new resistance level has been created. The price will most likely steadily go up trend until it meets that resistance.
- If it manages to break through the zone of confluence then expect an attempt for the support to be built at that price range
- If it gets rejected at ...
Continuing my previously mentioned strategy i will give u a great trade with the US STOCKS (GDX sector) GG and NEM. If my arbitrage stats analysis is right than for every 10 shares bought of GG stock u should sell 4 shares of NEM stock till the formula GG (daily close price) - NEM (daily close price)*0.4 = -0.9. At this point of time this formula equals to -1.88
keep in simple.
we have fallen below volume average price, which is a great time to enter. With a long correction, comes a bottom.
This may be a long opportunity, and with our market still due a harder crash then last year, this may be the perfect storm.
We are retesting the last level below as I type this. I have a position long myself @10.15
Indicators are ...
Welcome back to another short-term analysis of Bitcoin! It appears that my area of consolidation marked by the orange rectangle has had Bitcoin hovering around it while we wait to see what happens.
A bear flag has formed that looks to have a downside target of my yellow resistance/support line (~$6100). It will be interesting to see how this plays out in the short ...
Gold price has rallied from 1200 to 1320 within 2 months, while at the same time there were a little different story in the gold miners.
NEM showed the best relative strength to rally about 25% in the same time period ; GG was the lagger that only rose for less than 10%.
I also expect there might be a little bit catch-up play among the gold miners.
The North ...
1. P, 79%
2. FCX, 76%
3. X, 75%
4. TWTR, 67%
5. STX, 57%
6. ABX, 56%
7. NFLX, 56%
8 GG, 53%
9. SLW, 52%
Naturally, we are coming into earnings season here, so there's a reason that some of these have high IV here (e.g., NFLX announces in a week and a half). Ordinarily, I like IV to be >50% and IVR (current IV's level relative to where it's been for the past 52 ...
Gold is testing lower levels of support as market participants aim to price in a potential rate hike in June by the Federal Reserve.
While intraday price action is oversold, the daily chart is indicating further selling could continue to below $1,230. If a close below this key level occurs, traders can expect XAUUSD to reach $1,215.
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