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GDX - Bull Flag on Weekly - Waiting for Bullish Trend to ConfirmI will update once the trend on Weekly turns bullish on GDX to confirm entry. Not entered GDX is bullish in pattern formation currently. We are at the end of the bull flag pattern. Ready for next leg up. Price recently crossed 10WeekMA which confirms bullish trend. RSI trend has also consolidated similar to price pattern. Longer Weekly RSI trend (yellow) is bullish. Intermediate term trend (white wedge) is bullish breakout pattern. I am waiting for Weekly trend to confirm bullish trend for entry. Market is too fickle for early entry. I will update once I see the Weekly trend turn. If anyone wants me to take a look in between chart updates, contact via PM. No problem. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long BTCUSD, GBTC
AMEX:GDX
by MoneyPatterns
2
GDX - Bull Flag Breakout - Weekly Bullish Trend FlipOn Weekly chart shown, GDX formed a bull flag and is ready for breakout. Price went outside wedge and retested 10WeekMA/outer wedge of triangle - looking good. Buy signal on today's Daily candle. Weekly candle still on buy signal at end of long bearish trend. Weekly rend shows next flip is Bullish. Next Daily trend flip is also Bullish. RSI trend is also forming bullish wedge pattern. Same level as Bull Flag breakout beginning. Gaps to fill (red boxes) line up with 1.618 Fib extension. If SP500 sells off or VIX spikes, then I expect GDX to get bullish. EXITS $34 (top gap fills) RSI over 70 Giant cup formation (pink curved line) can only be seen on 19D chart or greater. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY, AAPL
AMEX:GDXLong
by MoneyPatterns
BTC - Buy Zone Getting Smaller - Get It While You CanBTC showing several bullish signals going into the turn - up into halving. Cross of 10WeekMA will confirm bullish trend upwards to retest previous highs $11K+. Buy zone is getting smaller which is a good sign. Bullish RSI Divergence and next trend showing bullish confirm we are in a turn. Capitulation dots show we are towards the end of the downtrend - almost at bottom. I think based on the pattern, previous repetitive chart history, halving, and stock to flow - WE GO UP. PlanB - 12/3/2019 "Getting some questions about why in previous halvings (November 2012 and July 2016) it took well over a year for the market to start surging.. Well, it didn't .. look for yourself: in the chart the halving is when blue turns to red: the market immediately rises after a halving" See chart in link twitter.com Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY , AAPL, ROKU
BITSTAMP:BTCUSDLong
by MoneyPatterns
5
GBTC - Confirming BTC Bullish Reversal IncomingGBTC confirming BTC chart bullish reversal coming soon. RSI is low, almost at 30 where it always pops shortly thereafter. Fisher Transform ready to flip, same as BTC chart. Filter Dots show bearish trend is exhausted and ready to flip bullish, same as BTC chart. Gaps Only down gap to fill (red box) is cut off by log support line which has over 20 points of contact. Either we hold log support or go roughly 30% below support to close the gap. I feel this is highly unlikely, especially pre-halving. All yellow boxes are up gaps to fill, implying we go up from here. Price Price is chillin on flat support of wedge. Additional angled support/resistance combo line adds to support. Cup and handle is rough here, not mathematically precise with handle at .618. But still fits the wedge, price, and pattern. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
GLong
by MoneyPatterns
JKS - bright future for solar ahead?With ongoing worldwide trends towards clean energy, there is good potential for solar sector to shine in the years ahead. After rather significant selloff recently some ideas are trying to put a bottom finally, and NYSE:JKS is one of them. Good earnings released today and breakout through neckline of inverse H&S provide initial signs of reversal. I entered position on breakout today, and plan to hold as one of core holdings for next year, with some short-term trading in and out.
NYSE:JKSLong
by Silvestrov
GBPCAD LONG IDEA-The 1W chart shows a re-test of the support TL on this triangle pattern. This shows that there is a lot of selling pressure and bears are in control. If you look at price in the circled area, you can see that as price increases, the retracements are strong/deep; showing that if price were to continue higher, the bears will come back and drive price back down again: -The 1D chart is what you're seeing right now. The exchange rate continues to close above the 61.8% zone on the Fibonacci, which would form the assumption that price is likely to rise to around 1.66920 on the C-D wave of the Harmonic pattern before turning to go south. Numerous tests of the support TL further support an increase in GBPCAD. Now as, this is a bearish harmonic pattern we would be looking to short as we reach that 1.66920 area. This is inline with my thoughts on the weekly timeframe, (retracements are deep and therefore bulls will be stopped as we find resistance). Please feel free to comment, tell me your thoughts and what you think!
Long
by UnknownUnicorn2215917
4