Hello traders, next week it's inflation releases week, all markets are on waiting mode until this data comes out. The world has started to look at bonds and bonds yields, and it's moving via inflation right now. Commodities are an asset class that performs very well on inflationary periods(the last part of the economic cycle) and Australia is a very important...
Hello, we have a very nice opportunity in Gold, next week CPI numbers will shake markets and the expectations are to confirm increasing inflation. Inflation is right now the only thing that matters as it's making bond yields to climb and SPX to crash. This means money is in risk-on mode plus inflation is picking up, so it's moving to assets that can protect value...
Dear trading friends, Monero chart have formed a double top pattern on the 1H candle chart : * High volume entry 02th March * Double top at 32898 * Pullback at 30317 While the coin has been quite bullish since March 01th, the bullish trendline was broken (at least briefly). I see a shorting opportunity here in case the double top pattern completes. With...
Bitcoin is currently at a critical juncture. These next 2 weeks could decide its fate for 2018.
Well,has been tough these last two days. After I have been shorting Euro like crazy it rose more than one figure. That hurts!!!! But I still stick to the fact that we have a major top and remain short. I post the weekly chart and that blue line you see comes from the Monthly chart and I pulled it from the very top. It is the secular downtrend line. My point is...
MACD crossover about to start, a sign of reversal, bearish. Lower low highs. Equal lows.
Whats up? Welcome to this consistent update analysis on Bitcoin based on our beautiful Fibonacci Retractment Levels. Looking at the 4hr chart we see a consistent Fibonacci Levels, you can see BTC appear to love 0.236 fib, 0.5 fib, 0.786 fib. Additional rules of trend line (pink, dotted red, dotted blue, dotted red) act as a Support and Resistance and will nullify...
Whats up? Welcome to this consistent update analysis on Bitcoin 0.73% based on our beautiful Fibonacci Levels. Looking at the 4hr chart we see a consistent Fibonacci Levels, you can see BTC 0.73% appear to retract to 0.5 fib consistently. It is also unwise to decide a Top or Bottom when the Volume is below Volume Average as some of you may call for reversal...
We ended the last 4 hour candle with a green bullish spinning top doji, which is typically indicative of a bullish reversal...so far the follow up candle has been acting bullish..it will need a little volume swell to really validate the spinning top but being that it occurred after a long downtrend close to where we are already anticipating the bottom of the...
Small pullback to a possible 9,500 and (if possible) 9,000 levels.
1) Price touched the big falling trendline 2)Price formed a Double Top right at this Trendline 3)RSI confiming a Divergence and indicating that price might go short here I just want to see a break n close through the light blue s/r zone here . I have enough confirmation by the 3 points above for a short now i just need this last push down breaking the structure...
Bitcoin Bitfinex Chart Update Double Top at 9000 Witching Hour - Caution Bitcoin reached a high at 8999 on Bitfinex overnight around mignight gmt - effectively a double top here after a 50% rally. As the futures chart shows the entire range from 9000 to 9225 is a powerful resistance zone and Bitcoin is clearly struggling to make headway above here. Additionally...
It looks like a classic top pattern for me . We see price found reistance in form of a double top right at a previous swing high which provides this resistance area. I look for a short trade after price breaks n close below the double top neckline (support) . Looking for a target at round about 1.54500 area. If price cant break below i look for the other direction...
On the 6th of February, the Bitcoin has tested the lowest price since correction from USD 20k resistance started. Price dropped to USD 5.9k and corrected upwards, while during the past few days it reached USD 8K, re-gaining 40% against the USD. Is it a quite strong recovery and perhaps the end of correction? Nevertheless, some coins corrected up much stronger...
XAUUSD Gold Head and Shoulders Top Recent price action has created a head and shoulders top formation with a minimum downside target at 1284. Lesser support at 1306 may give rise to a 10 point or so rally before the downtrend resumes. Whilst below 1328 gold will remain in a very weak technical position
Quick video this morning on BTC. I deleted all my fibs, trendlines, etc that youave seen in other videos and started anew! I go back and draw a little be on previous price action as a way to get a general idea of where price action may be headed. Would love to here what you all are thinking, so if you liked the video give me a like and leave a comment on...
Many were those who kept telling me searching for the market top was stupid.. cause this was bullish and that if we had to retrace this will be done smoothly and with pre-signals.. Well... Not really... Cause at that point we may eventually find a potential short term support to hold the falling knife... or not.. Because why would you buy this market ? Giga caps...