We have a new downtrend signal in this timeframe, which so far has captured the moves since Bitcoin topped really accurately. We have ridden the move up from the April lows and sold at 9816.7. I now aim to enter shorts on retracement, which may come in the next few days, maybe grinding until the Consensus event, to then collapse rapidly. What we can't be sure of...
$YY has a great chart here, paired with very interesting growth potential, and current valuation metrics. We're long and averaging into a long term position as well. Best of luck, Ivan Labrie.
$AUDUSD offers a very interesting long setup here, good risk/reward and probability in the daily timeframe. Overall, it should act as a proxy for global growth, and it's a good currency trade to ride waves of risk on/off sentiment in equities. Best of luck, Ivan Labrie.
This might be worth a shot as a hedge for equity holdings here. Risk 3 ATR down from here. Best of luck, Ivan Labrie.
I've been contemplating wether oil can go higher or not from here but given the sentiment I had made a guess for price action, that would let it reach the monthly target on time, before collapsing. Longer term, It might be an excellent buy once it does retest support below, but for now it's not something I'd reccomend buying. I do like the $CAD long, and it shows...
X marks the spot. Just want to point out that the .618 retrace on Uchf is a very strong fib level in reference to price dating WAY back. It is very choppy moving up, at some point we will get a deeper correction. The 78% fib may be an even stronger level, especially if price hits it without a correction first. That will line up with the larger fork. I'm not saying...
Good spot to buy if not in, or add if long. No leverage, unless adding short term entries. Cheers, Ivan Labrie.
Update for all anxious traders expecting big moves asap every flippin' day. Buyers are at risk of seeing price return to their entries or lowers, sellers at the mercy of margin calls if highly leveraged. I sit in cash, and will remain in cash until we get a buy signal during the first days of April as per the chart. Then I will decide wether to sell, or sell short...
Looking closely at the Monero charts, it seems like we topped, and can expect a significantly strong decline for the next 10 weeks. I wouldn't reccomend ANYONE to hodl, ANY coin. All altcoins show this pattern, and even $BTC is significantly weak, albeit a bit stronger than alts. This scenario would be invalidated if we go back up above the red box on chart. Best...
Since the weekly and daily uptrends pushed us higher, we now face a conundrum. Is this a great chance to rejoin the monthly decline that recently caused a gigantic fall in this pair? Is this a great chance to go long and aim for really high targets once breaking above resistance at 1.31? Fundamentals seem to suggest fears of bears are overblown, and Canada is in...
If it works we can see a move above 1.47 in about 10 weeks. I'm holding a smaller long, and will be entering long only trades in the short term, to ride short term swings during the uptrend. 4h and daily should provide good opportunities for us during the NY session. Oil is acting like a huge market top, and fundamentals have changed for the worse as well. Best...
I'm 'hodling' $INTC, my average cost basis is quite good here, so I can afford letthing this winner run. I think we could be in the presence of a huge weekly uptrend but we need to break above the overhead resistance zone before having more confidence in this scenario. For now, I'd reccomend caution and only holding up to 10% of your portfolio in it if...
15 2D-bars mode from 10800 to 4514 58.20% down
The dollar sank to support, a very long term support level as revealed by 6 month timeframe bars, and it won't break below it for another 34-35 months. So we are likely to see short term trends that last a couple months, and go back and forth in a sideways range. The bias longer term is bearish for the dollar, so I'll be specially interested in buying oversold...
8 weeks mode Buy signal Target 85.26% 0.028589 to 0.052965
Monthly and daily charts show Silver is oversold here, and turning up...The confluence of technical signals and contrarian potential of this trade make it extremely interesting and definitely worth a try. If our long positions work, we could end up riding a massive uptrend to $25+-, or even higher, provided we first go higher and break above the monthly modes on...
Practicing Time @ Mode 13 days mode Up %36.67 from 847 to 1157.6 Extended target: 1582
I think it's now fully confirmed that a bear market started, as per the long term signals in $BTCUSD's 2 month timeframe chart. I draw a couple possible scenarios, overall what matters is the general idea, not the specific path. We will trade each swing, with our remaining exposure to crypto, which is now reduced to 25% of net worth max, to let it grow from there...