CHFJPY completed A-B-C zigzag corrective pattern and setting up for a decline. This decline which can be another short-term correction could also be the beginning of a major decline.
What matters right now is that we would at least see a three-wave move to the downside to the nearest demand level as shown on the chart.
We will look for a short-term correction...
This essentially now means that Bitcoin is perceived by investors as a safe haven asset, meaning in terms of turmoil (war, political, natural disasters, economic crashes) money will flood into bitcoin, much like it has been doing with gold for millennia.
Here's a short labelled chart essentially showing a timeline of the events that unfolded with the #USAvsIran...
Iran had little or no effect on the Bitcoin price, which was already in a strong uptrend when the missiles hit. I'm long Bitcoin but I bought the breakout at 7523, two days ago. People like to pretend Bitcoin is the new 'safe haven asset - like gold - that people run to during scary political events. Hopefully one day it will be, but we're not there yet.
As you...
Hi Traders
im looking to sell the rallies (2 scenarios for me) in my opinion at some point Mr Market will price the current risk correctly
Scenario 1:
Entry 75.00 / 05
Stop 75.40+
Target 71.50
Scenario 2:
Entry 75.90 / 76.20
Stop 76.60
Target 71.50
Good luck
Looking at the unfolding events so far between USA and Iran, it seems like tensions are escalating and the fear of war becoming more pronounced. Last week we saw massive gain in safe havens and news over the weekend are not reassuring.
Technically, we could start seeing a H&S pattern with RSI divergence. Looking at earlier entries here to minimise risk, since one...
the thing that makes me to wait to see altcoins moon again is that i'm really bullish on bitcoin. i think bitcoin will break all resistances in 2020 and my reason is halving. i see again these patterns repeat themselves over and over again.
-see some bullish move on altcoins
-bitcoin to start to move up
-and when bitcoin moves up nothing happens to altcoins and...
Yesterday's opening brought gold to the highest mark since 2013. According to Goldman Sachs analysts, gold is by far the best hedge against geopolitical risks. We generally agree with this and continue to recommend buying the asset, since we believe that the mark of 1800 is an achievable goal for gold this year.
But it is much more promising trading ideas in...
A closer look at USD/CAD price action shows it’s trading within the confines of an
embedded near-term descending channel formation extending off the December highs
with the lower parallel further highlighting support at the 1.2883. Initial resistance
now 1.3050 backed by the October low-day close at 1.3086 – both levels of interest for
possible topside exhaustion...
Just three days into 2020, and two trading days in, the market reacts to big geopolitical news which shakes the markets.
It came out that President Trump ordered a hit on Iranian General of the QUDS force, and Iran’s top military commander, Qasem Soleimani. Markets fell on the news but recovered to end the week close to where they opened, making up for the down...
Gold is very volatile to trade as of now due to the potential war outbreak between Iran and the US. Gold can continue increasing value if there is a war and there are ore rumours of war or one attacks the other. This coinsides with the theory that if the world ecnomy is doing bad, gold price increases. The same theory goes for the opposite direction.
Sell gold...
Good evening from the UK. As there is alot of economic volatility it is good to know a few good tips about the markets and how investors react. Currencies can become very volatile is there is a threat on specific economies. the dxy can be impacted negatively due to the iran gestures and drama.This could see investors pull investments out of US...
The break at the low of wave 4 is going well and war tensions between Iran and USA are increasing demand and prices for safe havens.
So far no positive news is out regarding the conflict. Looking at the overbought shooting star candle at around $18 level, it would seem that a pullback could happen. So far still bullish on silver and gold. Waiting for new highs to...
This week gold will retest its highest resistance level seen in around 7 years. I expect a lot of resistance here, which will drive the price down, before ultimately driving the price way up as the bulls take over. Time frame? I am not sure, but i do know that a brilliant short opportunity on gold is in sight. overall for the coming months, I am bullish on gold...
