Standing on Its Own as the World’s Reserve Currency In 1944, delegates from 44 Allied countries met in Bretton Wood, New Hampshire, to come up with a system to manage foreign exchange that would not put any country at a disadvantage. It was decided that the world’s currencies couldn’t be linked to gold, but they could be linked to the U.S. dollar, which was...
Enjoying the moves recently and very very interesting to see the institutional transition. Giving 9 out of 10 calls are still "moon shots" I feel the Elliott formations/Wyckoff structures are starting to look to be in play. Going all out on a limb. I would like to see from here, a liquidity grab around $30k, or on the next confirmation long is a break and retest...
Less of a Long/Short call and more of an interesting view on the market in terms of crypto. For more info see the posts below (Related ideas) where they are more in depth. This indicator is showing the Total Crypto Market Cap, Bitcoin & the Alt market - Correlation and divergence. 30 days - Alt Correlation of some of the top coins; Feel free to request a...
The secret is there is no secret. When trading Elliott wave moves (4) can often be the most complex, and unpredictable. Wave four is typically clearly corrective. Prices may meander sideways for an extended period, and wave four typically retraces less than 38.2% of wave three. Volume is well below that of wave three. This is a good place to buy a pull-back if...
Why you should absolutely do your own analysis – It doesn’t matter if it’s fundamental, technical or purely going off the price action. People will argue this, that and the other – everyone has their own opinion, and that’s fine. But when it comes to trading there’s nobody who knows you better than you. I love reading posts that say – “don’t forget to like and...
Correlation: Positively correlated variables like to move together, negatively correlated variables move inversely to each other, and uncorrelated variables move independently of each other. Quantifies the estimated strength of the linear association between two variables. It ranges from +1 to -1. 0 indicates no linear correlation. Given the whole Buzz on...
After sitting in on one of @scheplick live streams last night. It got me thinking about starting a discussion with the community on tools used outside of the conventional methods. Comparisons, or using other instruments to calculate/forecast other aspects of your trading. Sure we can use things like Interest rates or 30 year bonds, take a measure of curves in the...
As per the last call - Bitcoin has had its move up. Check the link below. Here are a few reasons for it to drop - Don't get me wrong, I am still very bullish on this as a whole. But as a trader, we can rise these moves both ways. COT data still shows a net short position for BTC - making this a possible Bull trap breaking the ATH. In addition to that - step...
Literally, whales jumping in on Bitcoin. This is not an analysis of any sort. Was using the Polyline tool on another pair and thought I would try it on the highs and lows of Bitcoin. Too much time on the charts! that's the issue. Anyways, a little bit of fund I found Ironic! All you need is a smile! Disclaimer This idea does not constitute as financial...
Revisiting the Gold moves lately, It respected structure basically to the cent. Looking at a shorter-term retest of the low - stochastic and Quadratics show this is a plausible scenario before we go North again. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’...
Quick and simple long move here up into the zone. A lot of other reasons for the move, including retail sentiment and overall COT bias. Shorter timeframe than we usually trade these moves. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s,...
I have recently written a few posts on Bitcoin. As an early adopter, I have been tracking the tech since early 2011, my work outside of trading is in technology (including Blockchain) So with a tech hat on - the last couple of weeks have shown a transition in the technology domain, more acceptance and more blockchain based projects. Almost like the rise in...
Following the last couple of Gold (XAUUSD) Calls, It's giving a reason to accumulate a position down here for a push back up. As it's at the end of a deep move the accumulation may be a little more complex. The majority of retail traders are still long. So I expect a further dip before a rise. But as DXY is about to make some new ground higher completing its...
After the last couple of posts, I have received all sorts of questions and requests. I thought it might be interesting for "especially the crypto traders" to ask the question, gather your opinion on so on... 🌟What do you make of crypto? 🌌As a whole? 👑Bitcoin's dominance? 🎰Other assets? 🎱Other crypto projects? Here's a couple of snapshots - This shows...
Simple Order block and imbalance tests. Come back for liquidity before the real move down. Not much more than that to report at the end of the week. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have...
Looking deeper at the Leveraged Funds and Asset Managers' last declaration of position. Here's the LF's current situation - painted on a weekly chart & showing how the dip correlates with the price moves. Are we institutionalized yet? Be interesting to get comments and thoughts on this aspect. Do the big boys already have control & influence or is the market...
As a Venture Capital investor, we often get pitched crypto projects. On a personal note my first Bitcoin investment was in 2011. What I am starting to see now from both an investor & trader's perspective is the institutional money is gearing up to align Bitcoin with its "investment Instrument" criteria. As of last year, we saw Asset manager positions being added...
US strength could be the LPSY of the AUD - this means we could get a high to the BC, some rangebound moves and then the drop to around 74000 level. in terms of Elliott, we are either in the 3-4 down or if we get a new high here it will be a fake-out and then down. Disclaimer This idea does not constitute as financial advice. It is for educational purposes...