The Federal Reserve's monetary policy tomorrow may lift gold, but today's rising space is limited. Trading requires torturous patience. There is a chance to test $1736.4 tomorrow and the next two days. I think gold will definitely rise in the future. The Fed has no choice but to cut interest rates quickly, otherwise the US economy will suffer a recession.
As I'm currently back testing this concept, I've decided let this concept go out for spin.
Alternate energy has shown relative strength since the Inflation Reduction Act took effect in August. Lithium provider Albemarle is a potential beneficiary. The first pattern on today’s chart is the trendline running along the highs of November and June. ALB ripped through that line three weeks ago before pulling back. It’s now attempting to bounce at the same...
Bullish run in a bearish market? Or Berish market is over? RSI is overbought and every time we got this indicator we saw a run down. What do you think? Just an idea.
Today NFLX is breaking the last daily fractal of 218.74 to the downside. On the weekly it has also tested the Balance Line, having had two crosses over the last month. Right now, the weekly is also below the Balance Line. Stop loss is closing above the daily Balance Line, which is also the signal for whenever a target is reached.
The Bollinger Bands contracting inside the Keltner channel predicts an explosive move ahead that will last at least 8 days. Combine that with Newmont's Price Action creating a box which looks like it's breaking through. I would not be surprised if there was a retrace to the top of the box later today if action is aggressive, or Monday morning - then it's Sayonara...
With a bearish flag forming on the 1D timeframe and RSI at ~95, it is looking likely that ETH may drop back towards $1420 and $1275 levels should price drop out of the bearish flag formation. Not financial advice
Directional Movement Index Indicator showing bullish buildup. Detrended Price Oscillator showing bullish divergence building. Will be interesting to watch New York wake up this morning.
Ascending triangle could be forming inside a symmetrical one... VGX gave us 20% in the last trade, and this could be a nice one also... Levels and instructions are on the chart...The hourly oscillator looks ready.. Set alarms, weekend action... Good luck traders!
Fundamental Analysis: ***1) Germany, Europe's largest economy, is still on course for a recession even with a new government plan to spend 65 billion euros ($64.49 billion) on shielding energy customers and businesses from soaring inflation, economists say. 2) The latest package brings to 95 billion euros the amount allocated to inflation-busting since the...
hI folks, this is just an observation here. It looks like the BTC Monthly RSI is close to bottoming. I predict a BTC wick down to ~14k when the W RSI on the DXY hits the trend line and starts its correction to the downside. We all know that BTC and the DXY are inversely proportional. This should start a slow BTC recovery into its next bull-run.
On the 2-day charts above (USD left, BTC pair right) price action has corrected over 80% since early November. A number of reasons now exist to be bullish, including: 1) The ‘incredible buy’ signal prints on both pairs. Remember 2-day chart. 2) Regular bullish divergence. Lots of it. Eight oscillators on the USD pair and 10 oscillators on the BTC pair over a 12...
The chart is clear, time for bitcoin to take charge!
I go through my currency pairs and analyze them while listening to music and talk to you guys. *not a financial advisor*
Candles: Bitcoin dominance Orange line: Alt-token market cap Recently an idea was published suggesting Bitcoin dominance is starting a new cycle. (See below). During this new cycle there will be moments when Bitcoin dominance is overbought with the alt-token market benefiting as a rotation occurs. Those are the purple circles on the above 2-day chart. You can see...
Maybe $5. Those are big predictions. What is supporting this forecast? On the above 2-month chart: 1) A very strong sell signal prints. In fact the 6-month chart prints a double IB signal (below) with bearish engulfing candle. Never seen this before. 2) Strong bearish divergence. Price action recently printed a higher high with lower highs in RSI and Money...
Bitcoin may rise sharply this week. First, the pivot points are dense this week, and last week was full of shocks, which indicates that the market is strong this week. Second, if the daily MACD is bullish and the weekly MACD is also bullish, it is more likely that it will rise for five consecutive days. So I think it's going up a lot this week.
Happy Labor Day Weekend Chart Watchers. Its been awhile since I last posted anything but I figured this would make for some good conversation. The Communications sector has been the worst performer YTD of all the SPDR sectors. This weekly chart shows that it might be at an inflection point. First, lets discuss the chart. I am a long term investor. I like to view...