Since the 2020 bull run most of the top altcoin made at least 100% jump, but if we look at the BCH we don't see that much price increment in 2020 bull run.
The technical analysis of the BCH is clean showing breakout of long term resistance in and reversal. After the break we are seeing a clear reversal and bounce back again, this is a very good indication for...
Gold finally broke its consolidation on downside with a $100 plus week ending with a red candle of $82 completing its pattern target in the week itself. This big move was triggered by a wave of optimism in riskier asset class as air over smooth presidential transition got cleared since Donald Trump finally accepted the fate though he still blames the election as a...
As some of you have witnessed CMPS IPO climb from 17$ to 43$ in 3 days, most of investors wonder what is the next psychedelic stock that will perhaps result in the same behavior. Of course, a lot of stocks from the psychedelic sector are still penny stocks and mostly Canadian stocks. Penny Stocks are a scary investment to some of you and I completely can relate...
We are at a very interesting price point with gold and the worlds economy at this current time.
We have seen Gold prices reaching their highest levels since 2013 as all the big players have been accumilating the yellow precious metal. Where as silver has started to outperform the yellow metal, traders and Investors have began to realise the economic impact of...
I still think the next bull market will probably include biotech, high tech, renewable energy.
After a violent bear market there might be a new peak civilisation, in the past they all happened during climatic peaks (Babylonians, Egyptians, Romans, Europeans/British empire), I do not know if the cause was rather the heat or the CO2 itself.
Now the roman...
Hey fellow Traders!
Today From MAINZ, Germany to NEW YORK .
In the last Analysis we talked about upside potential of the freshly developed Covid-19 Vacccine from NASDAQ:BNTX and NYSE:PFE
Also calling out those huge gains even before all those news were released.
"Today those companies announced their mRNA-based vaccine candidate, BNT162b2, against SARS-CoV-2...
* Declines stopped at a long-term weekly support line
* After a 37% drop, a huge company - so in my eyes this is a great opportunity to buy the dip.
* Breaking a small triangle descending
* A stock breaks up SMA20
The price of Bitcoin has made a breakout above the minor resistance level, wait for a possible retest of the breakout area.
The idea becomes invalid after we get a 4-hour candle close below the red support area. It will show easily that my initial idea didn't get the momentum, hopefully, this will not happen ;)
I decided to post another daily timeframe chart. Today is Chainlink.
Nowadays processing huge crypto expand with Bitcoin and Ethereum leading.
This time, I want to keep an eye on Chainlink due to nice upside potential where doors are open with regression trend top, around 20 usd in the midlle of median, or even top around 30 usd. If at top, it will mean new...
Technical Analysis and Outlook
Gold is experiencing a period of consolidation as the sentiment traders' and investors' stance is low - encouraging additional hedging. The upcoming week’s trading could very well mark the beginning of an epic squeeze on commercials and bullion banks' trading desks. In this scenario, Gold shows some very high chances to drop one...
While it's true that Bitcoin is the most volatile and risky asset, the ROI of 65% is pretty adequate compared to Gold 25% and S&P 500"only" 6% return of investment.
From this chart you can simply see that Bitcoin has the biggest spikes and is still the fastest growing and it's very important to have a proper strategy, when investing into Bitcoin.
Strong area 7.80 - 8.20
1) Rejection from the trendline
2) Rejection from the Monthly EMA 100
3) Fibonacci retracement 38%
4) Got a rejection from the channel lower trendline, considered as a bullish chart pattern called Bull Flag
As i broke down form the video Gold is at a key area of technical support and bottom channel where we could see price accumulate before potential move to the upside. Based also with vaccine optimism we could see a potential short term sell off as inflation keys in to push price father.
Follow me for more setup and Breakdown!!
Movement for the pound in the long is targeted at 1000 points = correction to the downward movement with the beginning of June 2, 2014 and the end of March 2, 2020 (written on the chart) Target: resistance level 1.4540
Gold mirrored past week’s candle yet again but on the downside retesting the breakout and in the process creating a double bottom which is an extremely bullish sign adding to the already bullish price action post its 5 week consolidation/pattern breakout. Politically, situation in America remains largely same with Donald Trump still refusing to concede the already...