Hello fellow traders! Nasdaq has been having a really enjoyable rally lately because of fundamental events that are currently happening in the macroeconomy. The news of possible vaccines and the widespread dispersal of it. Speculation has reached all time highs with investors and spectators sending warnings of a possible dip within markets. The world however has...
S&P Analysis Week of 12/13/2020: Will Selling Continue? Will the S&P continue to sell off this week or will it make new all time highs? There has been a lot of whiplash and volatility over the year and last week was another good example. How many people thought they were in a good trade making profit only for the market to come back and take it away and...
Holding $1835.80 Could Trigger Rally into $1860. Price Action through $1973.30 will change the overall trend long. The early price action suggests the direction of the February Comex gold market on Monday is likely to be determined by traders reacting to $1835.80. Gold futures are inching higher on Monday after recovering earlier losses in a tight, mostly...
Hello, Traders! I want to share a potential trade that I would be following. BAND completes the accumulation phase, which has been going on for 83 days since September 16. Buyers' liquidity is held between $6.38-7.38. Dynamic price support is provided by the MA100 on the daily chart. RSI moves into the bullish zone above 50 In order to secure the transaction...
Now that a shortened Thanksgiving trading week is over, are markets ready to move? As of this posting (with one more trading session in the Month), November has been a great month for bulls (10%+ returns) and even with a shortened week last week, the market still put in a nice 2.3% weekly gain. In general, the S&P is very bullish. Look at the monthly, weekly,...
Hello everyone, Bitcoin has seen a fantastic rally over the last months. We've managed to reach all the way to the all-time highs. There hasn't been any serious pullback yet. I've found a bearish divergence on the daily timeframe in the RSi and a rising wedge pattern. The target of the rising wedge is calculated by the height of the wedge, so around...
After a golden cross with the 50 and 200 SMA NASDAQ:MU has pushed up into overbought conditions on the RSI leaving quite a mess as it stretches. Now at all time highs, I believe that it is a good time for a short. With lots of buying pressure in the last couple of days some consolidation is expected. Semi-conductors have been a strong play during 2020, however...
How will the shortened trading week affect the markets? It's Thanksgiving week in the U.S. and that means markets will be closed on Thursday, a shortened trading session on Wednesday and usually a light volume day on Friday. The meat of the trading week will most likely come on Monday & Tuesday. Anything can happen though so just be ready for any volatility this...
It appears based on the Kurutoga Cloud that Alibaba has broken through resistance. We can expect a bull run from here! Rally on :)
FX:USDCAD what will we see next with USDCAD? If you click on my chart, hopefully you can see what I see; if not I'll guide you through it. March 19th, 2020 - September 1st,2020 (the very start of the COVID-19 Pandemic) USDCAD's value went down an estimated 1650 pips. On September 8th, 2020 price broke out of a falling wedge pattern; therefore causing it to...
Bitcoin is likely to retrace back to 12500. The RSi prints a bearish divergence on the daily timeframe. 14k is strong resistance. The zone between 12000 and 12500 would be the best to start looking for longs again. This analysis is invalidated if we can close a full daily candle above 14k.
Recently I have discovered that assets have not just been in a very bullish trend, but that they are showing signs of being within a specific bullish trend formation. Specifically, bull flags. I'm pretty astonished to have confirmed that this is the case by applying the characteristic ABCDE pattern they display. The implication of this cannot be understated,...
On a daily time frame : GOOGL has moved slightly up from its support level which is positive sign, idicating that the stock is in uptrend. It may face little resistance at 1,625, if broken next level is 1,700. On Technical grounds RSI has moved upward and still there is room for RSI to go further up. PSAR - leading indicator has given a buy signal. As per Fib...
Bitcoin is approaching the resistance of 12k. If it manages to break 12k I expect the breakout to be very aggressive, the minimum target will be 13.3k (next resistance) but can possibly extend further. Long trade opportunities can be taken above 12k upon a break.
Ethereum can move towards $480 if the resistance of $393 can be broken
I see a bullish flag and if it breaks trendline resistance & picks up volume, we could see it rally again like it did not too long ago. Keeping my eye on it.
BTC Finished 4 parts of this fractal and is about to enter the 5th stage, which will be one to remember if traders behave in a similar manner. Considering the fear index (40), BTC is almost in a stage of extreme fear, and the price is above 10000. That means that people are afraid that the price will drop a lot lower. 9 / 10 times BTC does exactly the opposite of...