Hi Guys - Do not take this as trading advice, Its only my thoughts on the market and what I see pre-results for the elections. Remember to follow me if you like the content Cheers
Bitcoin Dominance Has Had a Nice Run But, It Seems To Re Respecting the Parabolic Resistance. If The Resistance is True and BTC.D Continues To Trade Within The Yellow Channel, it could go back down to 55%.. And Then Even Lower. The Contemplating Crypto Collective 🔸️Learn How to Trade and Invest Into Cryptocurrency🧠 🔸️Get Profitable Trading Set-Ups and...
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...
As long as the market doesn't crash. Because that will temporarily bring us out of trend.
Previous talk about USD destruction, etc. have come a long way, and the USD indeed has devalued due to fundamentals. However, it broke out of a falling triangle/wedge, tested and is on the break out. For whatever reasons, the skew in the markets have pushed the USD too far down, and it is time for a USD rise. Clearly, sparked off by fear and such... so much so...
Here is an outline of the cycles marked with Revolutionary factors. Factors that will not be stopped. Therefore as Trump makes you think one thing understand that no matter what 5G is here to stay. The real move and international play is 5g. The system must be reset for that to take place. Just like it did with 3g and 4g revolutions. Yes they are revolutions....
I think longer term gold will play an evil trick because, the fundamentals for golds rise have not gone yet. so when price collapses and makes a good daily buy in price, its best to think accordingly. find a set up on lower timeframe to long gold, for targets at 1950. dxy will fall again as its in downtrend, as traders its our job to make profit from this.
Gold/Silver Ratio breaking out from falling resistance. This signals change in the trend for risk appetite in metals if it holds, as gold outperforms silver in this regime. $GLD $SLV
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Thanks for viewing. Following because of USD holdings and USD denominated assets - including assets negatively correlated to the USD - like gold. USD held as a hedge against weaker local currency and against gold positions. Whatever your personal belief on Elliot Wave, I am not imagining a very clear 5 waves down (labelled (i) to (v), since the march 2020 high....
The Adam and Eve Bottoming Structure Could send Barrick Gold Into ATH... Q4 is Quite Bullish and Interesting time for GOLD, Silver and Cryptocurrencies. Bitcoin has recently decoupling from traditional markets and if this trend continues the masses could swarm into such assets during the next traditional market flash crash.
Bought shares at 0,20 € via Bank directly. Was a pleasure being copied in advance.
We have strong daily bullish divergence on the daily chart getting ready to play out. The higher the number, the more silver it takes to buy gold. In a downtrend, Silver would lose more (percentage wise) than Gold. I still expect 134 to get hit at some point (perhaps early next year). This is based on the mammoth head and shoulders formation on the monthly chart...
The dollar is bouncing off its March trend and will soon need to break below its consolidation trend. The fall could be significant. Buy gold...
Miners have bottomed for the quarter and have already started their next leg up
Gold and Silver in orange, stock market in blue. When looking at the performance of precious metals compared to the S&P500, we come to a surprising conclusion. Gold and Silver are worse at protecting your wealth than the stock market. In my search for an asset that can protect you from inflation and general economic turmoil this is the unfortunate conclusion...
Seems like it will pull back and bounce around the wedge for a bit longer. Maybe breakout closer to the election...