The main driver of BTC surge is a Zimabawe, Venezuela currency crush. This is a trending and tricky situation making investing in BTC more dangerous.
Nevertheless, a further collapse of world currencies due to the crisis could trigger new large purchases of BTC. The recovery of currencies or the speculation of large investors on BTC can lead to a strong collapse...
In this video I've gone into more detail for the EURO stox, GDAX, UK and NIFTY. They're all showing potential signs of a turn around which indicates a turn around coming in the American markets as well.
Been watching the DXY closely for a few months now as i mainly trade Bitcoin and its heavily pegged to the strength of the USD mainly from global arbitrage.
I was expecting a huge retrace on BTC when the DXY started to recover from those V bottoms but it quickly got shot down again when the US markets started to recover.
BTC went on a run and hit close to 14k, and...
FORMAL CHANGE OF THESIS, AND NOTES OF CROSS-ASSETS CORRELATION.
Notes: From here on out (10/28/20 8:01 PM CT), this chart (above) will be standard format for OS# posts. In Draft 1, I saw a giant move down coming because the "major periods" look really bad. After a full count (line by line) analysis, I couldn't say that seriously and noted in Draft 2 noted that...
I have been trading and investing in gold for a while now leading up on this run and expected to see a descent pause in the market after launching out the top of this long term growth trend.
I dont feel this run is over yet but is due for a halt, but its getting close to the lower band of this bullish channel so keen keen to enter another long very soon.
DE GREY MINING (ASX:DEG) has just had a much needed rest. After 8 months and +3000% increase its well deserved after its Pilbara WA "Mallina" Project surpassed 2.2Moz Gold Projection. Sitting 50KM south of one of the most ideal ore exportation capitals in the Southern Hemisphere (Port Hedland WA) it's easy to see why De Greys is going from Strength to Strength,...
As charted, everytime we see a Ichimoku CLoud break in the VIX ( Volatility S&P 500 Index ) we see a strong rally out of it. The most recent example of this is on the 13th Feb 2020.
Inversely proportional to the VIX , the S&P 500 Index has massive negative price action, represented on the 21st Feb 2020.
Coincidence? I think not...
Since the beginning of COVID19...
Today I noticed on the global chart the similarity with November 2015 - April 2016 with the movement of June 2019 - April 2020. A break of the support line down, then a test for an upward exit, a rebound with a further correction.
Key concepts I talked about in this video are outlined below. I wish I could cover more concepts and go into more detail but had a 20min time limit for the video. Maybe I could make a part 2.
- false breakouts
- global indices showing topping patterns and breaking down
- FED balance sheet peaked in june 2020
- parabolic mania in tech stocks
- PUT/ CALL ratio...
The monster rally in Nasdaq stocks has obviously grabbed most people’s attention recently. However there’s also been a major shift in currency markets as the U.S. dollar slides.
That trend has paused for more than a month. Looking simply at the dollar index , it’s not clear whether the decline is ready to continue. But DXY is two-thirds European (euro and...
1. Another classic breakout after a short consolidation.
2. Long term uptrend intact.
3. Let's see Nifty could consolidate above 20 days MA and not break 200 days MA.
4. Bank nifty is clearly exhausted. Now the Metals and pharma are helping the nifty.
5. Nasdaq and S&P really consolidating for another breakout. Upside or downside we could see...
based on what we can see here, gold expecting to continue his short term uptrend after a break from previous resistance level 1950 and a pullback at resistance become support and supported by trend line channel
PAGING THROUGH THESE CHARTS...
I SEE A CONSENSUS AMONG THE IDEAS
MANY ARE CALLING FOR SELL ON THE DAX AND THE SPX AND THE NASDAQ AND THE NIFTY 50 AND THE BANK50
EACH ARE USING THEIR OWN ANALYSYS AND HAVE THEIR OWN REASONS...AND THEIR OWN TIME FRAMES??
I AM NOT SMART ENOUGH TO COME TO MY OWN CONCLUSIONS - BUT ARE NOT THESE INDEXES AND GROUPS PART OF A LARGER...
We do see a push up on the Dow Jones.I said this past week that price was going to push up to 27500.I do see more momentum gaining in price,I can see a push up to 28,600. I will update when price does touch this price which would be resistance could have a potential double top formation.
A lot of bearish things seem to be happening with the U.S. dollar index.
First was a giant doji candlestick on the monthly chart in March. This occurred near the previous high from January 2017. A big reversal pattern at resistance is nothing to ignore.
Second was a tightening range throughout April and most of May. DXY exited that pattern to the downside and...
Global Dow continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, minor counter-trend wave 2. The next move should be minor 3, where the most probable target is is below 370. If prices crosses up 418, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
Hello.If we try to analyze the current situation by looking at 8 major pairs:
1 - U.S Dollar Currency Index
2 - S&P Goldman Sachs Commodity Index
3 - Gold Spot
4 - Gold / Silver Ratio (XAUXAG)
5 - S&P 500 Index
6 - Euro
7 - Australian Dollar
8 - U.S Dollar / Japanese Yen
If 1 moves down towards the trend line:
* The probability that 2...