Target is on chart, should climb as per the cyan arrow. Similar to the chart setup in $ETHUSD. Alts likely to play catch up here. Signal allows a relatively tight stop, if you buy here or on retrace. Best of luck, Ivan Labrie.
$NIO is extremely over valued here, their competition in China is fierce, and $TSLA is leaps and bounds ahead of what they can achieve. Quarterly deliveries were like 1/10 of what $TSLA delivered in the last quarter that was announced...Sentiment is extreme and after complacency and euphoria we had a sharp down day at the top. There is a fund shorting it, and Ray...
Question is: do we get a crash together with stocks near EOY? Will $BTCUSD decouple significantly and start outperforming tech stocks? I suspect we might start to see inflation expectations increase substantially as economic activity resumes across the globe, people certainly are saturated with the whole COVID situation, and even scientists from the World Health...
I suspect we are seeing a failure in the bearish signal we had recently, and yet another bullish trend in the weekly timeframe here. The M2 adjusted chart is highly interesting as it predicts we may see prices break the 2019 top briefly, I fear this might lead to an extreme in bullish sentiment a subsequent market crash towards lows not seen since the COVID...
Looks like we have a confirmed uptrend signal here, which is what I expected to happen since the market created a big support level indicating the smart money absorbed the last crash. It's interesting that for most people, it borders on lunacy to be long risk ahead of the POTUS elections, but it seems to be the right thing to do. I suspect we will get a Trump...
The last bullish signal we had, has expired in the weekly timeframe, and many stocks started to collapse today. There's a chance support holds here if the market slows down the fall for a few hours and liquidity returns to markets, but, risk is very elevated. I've been exiting my remaining bullish positions, and have been long $VIXY for a couple weeks already, now...
This is what the charts seem to suggest, might coincide with a period of sideways action in $BTCUSD, perhaps awakening once again by the end of 2020. I'm not keen on trading $BTCUSD or large cap alts while they are sideways and choppy but many smaller coins have good setups. Please be careful with sizing and liquidity when trading altcoins. I'd suggest small...
We have a nice signal here in $WST, a trend signal lasting until the 2nd week of October at least, as long as prices hold over the $270 mark. A clear beneficiary of the pandemic, $WST has been growing steadily for a long time, and although overvalued, I think we can squeeze some more upside from the stock before a major top forms. It will be interesting to see how...
We will know within a couple weeks with more certainty but this level could inflict serious pain on crypto holders. I'm out of my long positions and mostly lending since we broke down after failing to break out above resistance a few days ago. I suspect the stock market is about to stage yet another COVID crash, accompanied by other asset classes also falling, so...
Reward to risk wise, this signal that just got triggered in $ETHUSD is a great opportunity. As for the $ETHBTC chart, the odds of $ETHBTC moving up substantially are still not that great. From what I see in the chart, there's a weekly signal and a failed monthly signal in $ETHBTC. Upside implied by it is around 0.027-0.03. Not that impressive vs the long term...
I think we saw peak sentiment in Gold already and the dollar is likely reaching a bottom here. Upside is a retest of the distribution level from where this move down started. Keep an eye out for signs of Dollar strength in different pairs. Perhaps we might see relative strength in US equities vs Europe as well, and bonds vs European ones. Any sign of strength can...
Strong action in the S&P500 futures here, looks like equities will maintain their strength for the time being as $SPX is set to break into new highs over the current all time high if the daily chart signal we have here pans out. I'm long and fully invested for the time being, holding a portfolio of individual stock picks, but watching the index to hedge the...
I think this is what's going on in gold, a massive blow off top is cooking. I am long via gold mining shares right now, looking to ride the rest of the upswing until we hit the top in about 6 weeks from now, then will likely flip short once buyers run out of money to throw at the yellow metal. Looks like some flows out of equities are heading into gold right now,...
We might get a nice move out of this juncture. #BTCUSD formed an accumulation level here, potentially, and already flashed a daily and then weekly trend signal. Targets are the cyan boxes, and in a very extreme case the red box target. I personally think it might not break higher than 2019 highs, hitting resistance near 12150, but, I will go with the flow here....
It's possibly over for a while, for gold, a weekly trend expired last week and it hit a massive resistance and was rejected. If you hold the yellow metal, you are better off selling it for USD here. Doesn't look promising in the slightest, and inflation is highly unlikely to materialize, despite the huge money printing we saw after the Coronavirus induced crash. I...
We have a nice setup in #NKLA here. I'm already long from lower, but looking to add some exposure to ride this move. I'm overall impressed with the huge short interest in the stock, it pays off to hold shares in a margin account and lend them to short sellers, while benefiting from this trend. You can do this with certain brokerage firms that share part of the...
The same pattern is visible in $DXY and all major pairs, as well as in $SPY. The recent bullish trends we had are peaking, and already show a reaction right after FOMC. I would assume oil will go back down, retracing at least half of the surge from $0... Entering shorts near resistance here might pay off, or at the very least, being aware of this trend to trade...
There's a nice short setup with defined and low risk in the Dax here. You can trade it with futures or CFDs, the stop is tight, you could use a stop over 12933 here for instance. The recent daily uptrend signal that triggered 3 weeks ago ran out of time, and now we had a bearish reaction to resistance. Sentiment is getting out of hand, and there are very extreme...