Similar setup in the weekly as other alts, $ALGO is looking quite good from a reward to risk standpoint. Best of luck. Cheers, Ivan Labrie.
Emerging markets are flashing an interesting signal here, the weekly trend is up, and strongly, but will expire its current advance by the week ending on Dec 18. If we get some kind of unexpected issue before COVID vaccines are widely available, we could get some kind of correction here perhaps. Alternatively, we get a sideways consolidation and the markets keep...
I can see a big rally in Bitcoin Market Cap Dominance here. We had a good signal which I pointed out in my previous chart, both the decline until the target, as well as the move up rebounding from it as it flashed a bottom signal. Alts are weak here, most look like trending down further vs $Bitcoin so I would urge investors to hold $Bitcoin rather than alts here....
Uniswap has a good trend going here, last signal worked quickly, and now we have a potential continuation scenario. Let's see how this goes, I would give this very high probability of moving to the target on time if we break resistance here. Best of luck, Ivan Labrie.
Target is on chart, should climb as per the cyan arrow. Similar to the chart setup in $ETHUSD. Alts likely to play catch up here. Signal allows a relatively tight stop, if you buy here or on retrace. Best of luck, Ivan Labrie.
Fundamentals, technicals and sentiment aligned for a massive top in the ratio of US Tech Stocks vs the Broad Market here. Positioning and expectations of traders, hedge funds and everyone were shocked recently, with a massive rotation towards value stocks and commodities that caught everyone off guard. All the alpha collected during the year for Jim Simmons funds...
Question is: do we get a crash together with stocks near EOY? Will $BTCUSD decouple significantly and start outperforming tech stocks? I suspect we might start to see inflation expectations increase substantially as economic activity resumes across the globe, people certainly are saturated with the whole COVID situation, and even scientists from the World Health...
This is what the charts seem to suggest, might coincide with a period of sideways action in $BTCUSD, perhaps awakening once again by the end of 2020. I'm not keen on trading $BTCUSD or large cap alts while they are sideways and choppy but many smaller coins have good setups. Please be careful with sizing and liquidity when trading altcoins. I'd suggest small...
We will know within a couple weeks with more certainty but this level could inflict serious pain on crypto holders. I'm out of my long positions and mostly lending since we broke down after failing to break out above resistance a few days ago. I suspect the stock market is about to stage yet another COVID crash, accompanied by other asset classes also falling, so...
Reward to risk wise, this signal that just got triggered in $ETHUSD is a great opportunity. As for the $ETHBTC chart, the odds of $ETHBTC moving up substantially are still not that great. From what I see in the chart, there's a weekly signal and a failed monthly signal in $ETHBTC. Upside implied by it is around 0.027-0.03. Not that impressive vs the long term...
It looks like bonds will rally until the elections possibly here. I'm long bonds and gold for the time being. Let's play it safe until we regain clarity. Not sure about equities but the new ATH in #SPX might indeed happen at some point, just that news make it extremely risky to trade equities until the elections risks are out of the way. This is a safe trend to...
We might get a nice move out of this juncture. #BTCUSD formed an accumulation level here, potentially, and already flashed a daily and then weekly trend signal. Targets are the cyan boxes, and in a very extreme case the red box target. I personally think it might not break higher than 2019 highs, hitting resistance near 12150, but, I will go with the flow here....
This is an update to the #BTCUSD chart, based on the last weekly signal that was confirmed recently. Dips towards 9080 or a tad lower would bea very low risk buy to ride this move, or to add to existing long positions. My clients and I are long from 6450 here, and have been trading short term positions on the way up since then. I expect a bit more upside during...
I think someone thinks like me here, RgMov is surging in this ratio, showing $BTC outpace $GBTC, Barry Silbert's shady fund, that trades at a massive premium since forever, due to it being the only way to get $BTC exposure for most people with brokerage accounts since basically forever. Once an ETF is viable, premium will vanish, making this a good bet, if you...
I think the base in $CRON offers a great opportunity to go long here, with very low risk and potentially huge rewards if we get a new big trend in the 2-Month timeframe. This chart is ripe for a 10x-20x advance, once it gains traction from here. Cheers, Ivan Labrie.
The closer $ETHBTC gets to 0.0134 the higher the reward to risk will be to go long, but until March 2020, the possibility of hitting 0.0063 remains high. After then, we might have a chance to go long in the long term. Path of least resistance remains down in the ratio until March. With talk of ETH2.0 being released by Q3, this might cause a bottom to ensue in the...
Good long entry in the Aussie dollar here. Stop loss should be at 0.6849, it may take a couple tries to get the bottom right, but there's a 60% chance of getting a 4:1 reward to risk trade here, ahead of NFP. Best of luck, Ivan Labrie.
There's a big weekly trend active in $EURUSD since two weeks ago, the dip that happened this week gave an interesting opportunity to go long with a good reward to risk ratio and 60% probability of hitting the first box target, or as high as the 2nd box on chart, within 7 weeks. I'm buying at market open since I missed the ideal entry. The trade idea remains valid,...