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Elliott Wave Analysis: SP500 Is Nearing 2018 Highs In Gold PriceHello traders and investors! Today we will talk about stocks, specifically S&500 against GOLD (SPX/GOLD ratio chart), in which we see an interesting development we want to share. As you can see, stocks remain in the strong uptrend and there can be room for more gains, we just have to be aware of another, higher degree correction as S&P500 is approaching 2018 highs in gold price, clearly for the 5th wave. We know that after every five waves, a three-wave correction follows, so be aware of limited gains on stocks, while GOLD may find the support soon. Of course, it's a weekly chart and there's still room for slightly higher levels to break into 2018 highs, so it may take some time before we will see a change in the trend, ideally till the end of summer. Be humble and trade smart! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
SP:SPX
by ew-forecast
2
Chainlink Is UndervaluedI tried to be as clear as I could with the takeaway message of this ratio chart. When you get to the top of the channel (red bubble), it's typically a great time to sell LINK and buy BTC. When price gets to the bottom of the channel (green bubble), it's typically a great time to sell BTC and buy LINK. Suffice to say, I am using some of my BTC profits to scale into COINBASE:LINKUSD . Chainlink is undervalued when compared to Bitcoin. The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
Long
by jstrasburger
1
ETH/BTC A PERFECT ALTSEASON MONITOR, "THE END OF ALTSEASON"ETH/BTC(MARKETCAP RATIO) ACTS AS AN PERFECT INDIACTOR IN THE MOVEMENT OF MONEY FROM KING BITCOIN TO ETH AND OTHER ALTS. BY ANALYSING THE RATIO CHART, I THINK THE ALT SEASON IS ENDED AND WE ENTER THE BEARISH SEASON. PEOPLE TEND TO SHORT ALTS THAT OVER PUMPED IN PRICE IN MILLIONS OF DOLLORS AND THE THING IS HAPPENING. ---->YFIUSDT { Binance Futures #YFI - Unusual selling activity 7.07M USDT in 13 minutes (10%) } ----->Binance Futures #DGB - Unusual selling activity 749K USDT in 6 minutes (10%) ------> Binance Futures #XLM - Unusual selling activity 7.99M USDT in 2 minutes (10%) ------->Binance Futures #IOST - Unusual selling activity 2.57M USDT in 13 minutes (10%) -------->Binance Futures #CELR - Unusual selling activity 1.4M USDT in 6 minutes (10%) HOWEVER THESE SELLING PRESSURE HAVEN'T MADE THE MARKET TURN BEARISH,BITCOIN AND OTHER CRYPTOCOINS NOW HAVE VERY BIG INSTITUTIONAL SUPPORT LIKE SAYLOR,ELON,PAYPAL,GRAYSCALE,AND EVEN TIKTOKERS ARE IN THE RALLY OF MASS ADOPTION., THINGS WOULD HAVE MESSED UP AND THE MARKET WOULD HAVE BECOME A SLUM. WHAT TO EXPECT NEXT? SAYLOR IS READY WITH HIS 450MILLION TO BUY AT 30K,GOOGLE PAY AND APPLE PAY OFFICIALLY ACCEPTED SWIPE CRYPTOCARDS IN ITS PAYMENT NETWORK. THE NEW INSTITUTIONAL SUPPORT HAS STARTED TO BUILD UP IN THE BOTTOM. WE SEE THE RISE OF BTC PRICE SLOWLY AND HAVE DROPS. NO TA WORKS, TWEETS CRASES THE MARKET.THIS SHIT WOULD CONTINUE UPTO 1-2MONTHS. BUT STILL WE ARE IN THE BULLISH ZONE ON THE YEARLY BASIS. ANY MASS ADOPTION OR BULLISH NEWS AFTER 3-4WEEKS CAN START A NEW RALLY .... AS WE MADE A HIGHERHIGH ON 15JUNE(41K$) ""DON'T PANIC""
CRYPTOCAP:ETH
by Bala_Murugan_V
6
Market Neutral/Pairs Trade Idea: Long Clicks / Short Dis-ChemDCP has been one the best performers over the last few months. I initially recommended in July at R17.00, followed by 2 Trading View publications in December 2020 below 2150c (see attached). At current levels, the share trades ~ 3016c, with the 4H and daily RSI at 90 and 95 respectively. If you, like me, feel that DCP has run a bit too hard, you could pair consider a pairing a DCP short with a CLS long. Here, the trader makes a profit in one of three ways. 1. CLS rising and DCP falling 2. CLS rising faster than DCP rising 3. CLS falling slower than DCP falling. On the left, you'll note the ratio chart being extremely extended versus the 200-day moving average while nearly all the major short term time frames are 'oversold'. Whether this is the exact low, I don't know however the short term reward-to-risk is starting is becoming attractive for a smaller-sized pairs trade. Current Price (Ratio): 8.43 Entry Range: 8.37-8.44 Stop-loss: 8.24 ( a wider stop) Target Range: 9.05-9.20
JSE:CLS
by LD_Perspectives
INTER-MARKET ANALYSIS: JSE Telecoms Index vs JSE All Share IndexLong Term Shift -Sitting Between Equal to Overweight vs All Share Index On a relative basis, and from a sector allocation perspective, the relative ratio chart of the JSE Telecommunications Sector versus the JSE All Share Index suggests that long term investors are possibly shifting from an underweight to equal weight and overweight positions versus the benchmark. Technical evidence of this is provided by the break of the channel extending back to October 2014. We also note the break of the downward trend line extending back to the peak of November 2007 (a positive development). WHY USE INTER-MARKET ANALYSIS? Inter-market is a powerful form of analysis, which is often utilized at an institutional level. The purpose being to ascertain which sectors, individual stocks, bonds or currencies may outperform or under-perform another. Essentially, it assists investors in understanding where to allocate capital and where to be over, under or equal weight, versus the market or versus an another sector.
J
by LD_Perspectives
NIFTY - ONE QUESTION FOUR CLUESInteresting week ahead; concerns, hopes, frustrations, clues all mixed up. Come during trading time everyone gets clueless. Time to take a stock. Attached four graphs, Bank Nifty, IT, FMCG and Nifty. IT had dream run in between was underplayed finally makes a mark. FMCG failed head and shoulder and now makes new high and is on way further up (Did we not hear this time and again); Bank Nifty the bearish of all; after steep rise the fall has been sharp sans one week of gains since last two months. This one is crucial. The ratio chart of Bank Nifty and Nifty suggests basing in Bank Nifty (other words this will fall less in case nifty falls more; or this will rise more if nifty rises); More or less the Nifty Trendline Construction mimics IT and thus probability of it breaking higher is on. We have Chosen the 21 Day MA common for all. Once this is broken and closed comes around 14930 for the sake of safety. The door is open higher for longer. Bank Nifty bears close their shop above 33900 close. Stay to the Trend Lines; they done lie. Rest all is just a Risk and Reward Play.
NSE:BANKNIFTYLong
by sreebhashyam
Litecoin to Outperform BitcoinWhen looking at the Litecoin to Bitcoin ratio chart ( BINANCE:LTCBTC ), it suggests that Litecoin will outperform Bitcoin in the near-term. We see our breakout, retest, and now it's SCOTCH time. Let's take advantage of this! The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
Long
by jstrasburger
How Big is the Tech Bubble?A ratio chart divides the value of the Nasdaq 100 by the value of (S&P 500+Dow 30+Russell 2000). The large spike in the blue line to the left illustrates how the NQ became so overvalued in relation to the S&P, the Dow, and the Russell. If the ratio pulls back, I would say it may find its balance around the lower red line, after retracing the recent parabolic spike like it did in 2000. I think it will keep going higher. I think the high prices of tech stocks are more legitimate this time around. I believe I just made a "this time is different" type of comment lol. Thoughts?
TVC:NDQ
by The_Arena_Trader
4