My macro technical analysis for EURUSD. Fundamentals of EU are a house of cards. i'll be short moving into 2019. Should be interesting to see where capital flows.
Many analysts and investors are shouting for a bear market in 2019.
However, this indicator says otherwise.
For the past 4 occurrences, the S&P bounced and rallied higher.
It happened in 2002, 2009, 2011 and 2016.
Will history repeat itself again in 2019?
We are seeing a lot of interesting phenomenon from a macro analysis perspective going into 2019.
Make...
Here's a fresh macro look at Litecoin
LTC is rolling down in a purple down channel.
- We are making lower highs after lower highs in a down trend.
- We have already dropped from yellow/red major support zones into the green one. The last support zone is blue.
- We have been death crossed since April and rejected from all major D1 MAs.
The price has recently...
Trade set up - That daily chart shows a set-up that is remarkably similar to price action seen through November 2017. Where, after a sell-off and reversal, price consolidated in a triangle pattern. In both cases, we can see stochastic momentum making a series of lower highs, and should price now find sellers off trend resistance the first target is ¥112.25, where...
Hey guys,
I never really published anything previously but I was asked to elaborate on my thoughts in a chat earlier today and it got me thinking a bit deeper so I decided to draw some comparisons to the 2014 trend using a 3 day chart and draw a couple of possible scenarios for our current trend.
The chart is pretty self-explanatory, with comments about each...
Trade set up - Waiting for a pullback in the pair and confirmation of support before entering long, as this enables us to manage risk in a better way. However, aggressive traders can look at longs at the current market price. Stops set at $1235 and a take profit at $1262.
Why we like this trade - We've had gold on 'high-watch' for some time now and given the...
Just adding a long term view - this index very much "respects" its trendlines. In other words, it shows classic signs of resistance, bouncing, etc off its important long term trends. This is important because it just broke below the 10 year support line after the GFC. This is potentially indicative of a new bear starting globally.
The Dow Jones Global Index just broke below the post GFC lower trendline. Note that it hit it's all time high and went lower in February when hitting the upper trendline. Could have very bearish implications.
Like many breakouts, it may test this line a bit or perform a false breakout and retest. Will be interesting to watch what happens, but definitely a...
It's really easy to get caught up in lower timeframe price action, especially when things are looking bullish. I want to play devils advocate here and point out a long term support line (purple) nobody seems to be calling out.
We haven't touched this long term support since May of 2017, and usually do after a parabolic advance is violated. The parabolic advance...
In the Anatomy of a Bear Market Series I compare different Bitcoin Bear markets between several years.
The 2018 Bitcoin Market has played out as Bear and it is likely to continue through winter while bears take a long nap in their caves.
Its structure is similar to the 2014 Bear Market. Of course, they are different markets, reflecting different times, but still...
If you like volatility GBP is the place to look, and we can see one-month GBPUSD implied volatility (vol) at 14.0%, relative to say AUDUSD and EURUSD vol at 9.34% and 7.57% respectively.
To put this into perspective, the implied move in GBPUSD over the coming month sits at 413-points from spot, and this expiry encompasses the expected Commons vote on 10 December....
Here's another macro look at Bitcoin.
- We have dropped to the 4200 level on Coinbase as predicted in one of the scenarios of the previous macro analysis.
- We also had a spike fakeout upwards on CME expiration day due to Tether FUD - described as a possible violent move in the previous analysis.
A Recap of key recent events:
- Tether FUD (dropped to 0.85$)...
Hey guys,
Hope everyone is faring well in this market. There are a few reasons why I chart, a big reason is because I want to make money, the second reason is that I want to save you from losing yours. What I've learned in trading over the past 7 years trading both traditional markets and crypto currencies is that you first need to identify what type of market...
This is an update to my earlier post:
When I shared that chart, I emphasized that it was merely enternainment and it didn't have any predictive value to me, AT ALL. I still have this point of view. Even though it might work out in the end, it must be understood that what I'm drawing here is some next level chart fitting . Humans have a tendency to see...
Chuying Agro-Pastoral Group (0002477 CH) was recently forced to work with bondholders to eventually get them to recognize -- they could either be repaid in ham ... yes, I said ham, like pigs, "payment-in-swine" -- or they'd likely receive nothing as the company struggles to handle its massive debt load at a time when eurodollar markets are suffering from a massive...
Trade set up: Our bias leans towards a short in the SPX, where we are looking for a break below the recent low of 2685 to enter the position. Upon this development, we would set a stop loss at 2725 and our take profit set at 2603. This profit target is subject to change and dependent on the price action, as a break of 2603 would hold huge bearish implications....
