lots of fudamental related to this pair still to come this week so be wary. however small buy/sell zones have presented themselves for anyone looking to bag some easy pips.
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...
Gold appears to be making a short term bottom on the 4 hour chart. I'm looking to buy some miners for leverage here.
The slow but inevitable dETH of our beloved coin. Going to hit hard 650-700k sats hard before Jan-Feb.
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. Subscribers of MacroView's...
Currently long at 16.83 but hoping for a melt down. If channel breaks south will be exiting long and looking to get short targeting to fill 12.60 gap and then prep for 4-5x long position.
Sometimes we get caught up in the day to day and hour to hour bars, but if we truly set a bottom at beginning of 2016, then we have a long way to go on this move up.
Whose buying NUGT? I think that gold and miners are very over extended would you buy NUGT now? It could make you the guy holding the bag when it opens 20% down. Its just too late in the cycle to buy NUGT here. I'll wait for a pullback to get in. Buy DUST? Not sure I would do that any time soon. Too hard to tell. If you listen to others shorting a baby bull is a...
Gold prices have been volatile, flucuating between $1,275 and $1,220 as markets remain indecisive on what stance to take: is the Federal Reserve going to continue hiking assuming the economy will "gradually improve," or with traders continue to look for safer locations to place there cash? According to recent capital flow data, the GLD has seen redemption as...
With the VIX finishing the week out at 16.66, next week is setting itself up to be a less than sexy week for premium selling, particularly in broader market instruments like SPY, IWM, QQQ, and DIA. Moving to other sectors, the Brazil ETF, EWZ continues to be hot premium selling wise, with an implied volatility rank of 72. A couple of issues in the oil and gas...
Roadmap......Gold is approaching strong overhead "Potential Resistance" into "Time". Breaking below the inflection point of 1142 increases the odds to attack deeper targets.