Support retested, zone under the green green block proven to be a strong buy zone. Bitcoin pumped on news that the U.S. Fed will be buying anything: www.cnbc.com U.S. equities pumped in pre-market too, but retraced rather quickly. It's a bullish sign that bitcoin did not slink back under support following the news pump. Things I am wary of: - Bitmain 03/27...
Silver looking bearish. Escaped out of a either descending triangle or a symmetrical triangle, both are legit. I feel pretty confident to say that silver is heading towards 8.87$. Bitcoin is not a safe haven, Gold is not a safe haven and silver is not a safe haven. EUR with their problems a safe haven? USD printing trillions a safe haven? CHF running into debth...
Did you expect to see this looking at gold and bitcoin....?
Morning traders. This is what i believe gold will do today but its next move, very strong impulse to the upside. Another move measuring the previous impulse should be the current target. As always, keep the risk managed! Cheers :D
Justification: Directional Play: Yes, sticking to my thesis from a while back that gold and silver have room to pullback. Long-term, could it go up? Potentially. Technical: Between 20 and 50 moving averages. Fundamental: Contra to popular belief, /SI and /GC are not acting like safe-havens. If/Then: Take profit? 50% credit received Where will you hedge?...
I'm shorting $BTC on a nice retest of resistance and golden zone (61.8 -71 Fib). Target <$2,568 #safehaven
Gold which, the safe haven asset is however become the most interesting asset for all of the stakeholders during recession on the market. That's one of the attractiveness of gold itself. But, I need to say it again 1 more time that I don't give any fuck about any fundamental analysis of the market. I just believe in levels and the price action on technical...
The slope of each bull run decreases as liquidity in the system increases. The magnitude of all time high that is reached also decreases. Rather than a 15x from 2013 ATH to 2017 ATH, I would expect about a 5x ATH, or $99,000. The next week should give us a better idea if the capitulation bottom to $3850 will hold, or if momentum will take us down to lower lows...
This idea is inspired by Corona Virus fears in the US followed by strong analysis. Running trade and profits are shown in a tweet posted on my account, look for the link in the comments. ** Support shown in Point #4 was tested on: 25 June, 19 24 sep, 19 3 oct - 8 Oct, 19 presents a strong case and price action movement around this...
wait for daily confirmation like a Pin bar candle or Double Top maybe Both of them :))) then Get the Short position
In a macro sense the store of value concept for BTC is getting bullied by the big kid in school. Gold shows of its true value during these times and is as stable as my mothers love <3. Yes BTC is still a teenager trying to find its place and needs to develope a bit more before it can play with gold for real. While we all can utilize BTC volatility, we need to...
Against the S&P 500, the benchmark for a store of value, Bitcoin has greatly outperformed. Without question, Bitcoin's uncorrelated movements to other asset classes merits it's position in a diversified portfolio
CHFJPY has just completed a 5-3 "impulse-correction" Elliot wave cycle. The corrective structure was complex and erratic due to the last few weeks of volatility. However, the price seems to make a triple zigzag pattern and rejected 61.8% Fibonacci level that lined up with the weekly support zone. Price has the potential to move higher in five-wave and target...
After witnessing the euro depreciating against the dollar for about 2 years, the negative interest rates in the eurozone and the deepening of the global economic slowdown due to the intensifying Covid-19, have made the eurozone an attractive safe-haven currency against the dollar. Apart from the macro-trend, technical analysis have shown that the euro has broke...
We could be about to descend into a full state of panic in the markets? The uncorrelated nature of Bitcoin could become very attractive to investors as they seek shelter from a global slowdown? This is the time for Bitcoin to step up and prove its worth in my opinion. It maybe an early call but I am preempting the completion on an inverse head and shoulders...
Yesterday, we saw a huge selloff of Gold down to its support at around 1590-1600. With all short and long term moving averages showing bullish momentum as well as global economic slowdown and uncertainty due to Covid-19, I will expect safe havens to continue to outperform. For now, we can expect the bullish momentum to its all-time of 1800 in 2012 before...
Buy Target Corp at current price of $113-$116 (Avg $114) and hold it approximately till 09.03.2020 to take at $125.0 (+9,6%). Reason of the exact date of 03/09/2020 - is the Avg expected Value (Return) equal to 0.21% daily. So in average the stock will grow by 0.21% daily. I am sure the stock will rise because of the next reasons: 1. sustainable large company...