After a huge run Dogecoin needs to step back before its major move.
Wait for 0.05-0.07$ as a fair price area, targets will be beyond imagination of 99% of traders (just comparable with Starships).
DOGECOIN is a very manipulative currency, It is absolutely high risk. Do everything on your own risk
EURUSD looks like a long but the EURJPY is setting up for a short.
I favour the EURUSD trade triggering and should it be a false start, the reversal should then be captured with the EURJPY.
With a risk-reward ratio of 1:2 for every 1 winner, we can afford two losses.
Restrictive policy and geopolitical risks raise the odds of a global recession
What a difference a year makes. 2022 saw the ‘reopening’ of markets from the COVID pandemic evolve into a ‘recession’. Margaret Thatcher put it succinctly on 27 February 1981 – “The lesson is clear. Inflation devalues us all.” Monetary policy has been on the most pronounced tightening...
Will Gold Spread Its Wings Post FOMC? 12 Hours until we find out.
Gold is now sitting just above a considerable pivot level. The question is: will it hold?
I'm not so sure that it will, but playing the long game never the less. I am long, waiting to see what happens leading up to FOMC & after.
Fingers crossed for me :)
The GDP number of 2.7% growth is being propped up by net exports, while consumption is at a cycle low. This is horrible for earnings expectations and risk assets. Net exports were at a low in prior quarters, making the economy look worse off than it was. Now the economy is actually worse off than it is and the metric is instead making it look better. This is why...
Betting on a price increase after a sharp price decrease is called "catching a falling knife". In fact, you may have heard someone say, "don't try to catch a falling knife." The analogy is meant to sound dangerous because it is very risky to buy a stock that is dropping rapidly. The hope is that if you time it right, you will get in at the bottom and make big...
I'm not going to call if the bottom is in or "not so fast" but just want to point out that we may only be halfway through a significant long-term downturn. It's concerning to me that RSI has broken significantly below 50 for the first time since the market recovered from the lows in early 2009. It's also concerning that price looks like it wants to retest the...
KEY Levels mapped!
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Every day the charts provide new information. You have to adjust or get REKT.
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only.
Nasdaq, si,liar to SPY has made 2 diamond patterns in May & June leading to a reversal with positive Rsi divergence.
Could it be repeating similar set-up this Sept-Oct?
It is currently hovering around the mma50+wma200+June low zone. Sometimes prices break a little below the diamond pattern first eating away the cut-losses before a reversal. If NQ makes another new...
BTC keeps returning to the pivot line at 19500 which also acts as a support. It is also barely holding the
base of the triangle as support. Bollinger Band is squeezing for a big move soon. As for now, the Head & Shoulder pattern neckline is still not yet broken, suggesting much lower prices if the neckline breaks.
We just have to wait which way it breaks. If...
$VIX clipped today
Another big RED (down) candle & lower highs
Fits perfectly to what we've been saying for few days
For longer term outlook
We see ton of volatility next few days = good few month bottom
$NDX is @ DO or DIE!, bounce more likely
The world's biggest cryptocurrency had a short-lived rally to $20,300 — the first time it had headed above this psychologically significant milestone in a week.
And while 24-hour losses of 6% are unpleasant to say the least, BTC does remain flat on a seven-day timeframe — down 0.88%.
CoinMarketCap data shows Ether has shed 6.43% of its value over the past 24...