Oil is looking like some how its going to go up and test $20. If that doesn't break up hard , then it might be a fake out before returning to $7 a barrel.
Bitcoin just wont die. I am willing to admit that there a chance I could be wrong about BTC going down. However, I can see 2 scenarios here where we could go up a little and then down. But if we get above $7500 the statistical likelihood that we run up to $8500-$8600 is good. There is a big volume well between 7500-8500.
As you can see Gold really likes to stretch its daily wicks at the top of a run up, and right before heading down. This is a speculative pattern, however, I think momentum in the macro economy will pull precious metals down for at least a brief period here soon. I think we could see Gold in the $1200- $1400 honey hole soon again. But, expect it to go up after...
Gossan Res LTD could be a great short when we get back up to the top of the channel. This is not trading advice. Be careful as this stock is down 40%
I think we have a pretty clear top on the monthly with Fibonacci bringing us back to the 50% retrace level if not even further down. Overall I think $1200 would be the bottom but I can't say that we would actually get there. I think I would start buying at $1400 and average down for long term physical investment. This is a long term idea on physical not a short...
If we get a nice breakout of the descending triangle, I think we could go up to $24. I think a good entry would be safe at $20.80 and a stop loss at $19.50. This is not trading advice.
BTC is finally showing some strength but I think it has more to do with false Macro conditions causing this rise. If we were to go up more I have marked out some critical levels of resistance that could become support. I am neutral and waiting for confirmation. Ultimately, I don't see much higher than $10k unless we decouple from macro economics and form and a...
BTC is in a large ascending wedge, the measured move would be sub $5500. We failed to break up out of the ascending triangle that I previously identified making this pattern more likely. This is not trading advice.
Silver is making a nice Bull Flag and could be headed back up to $16.90 ASAP. This is not trading advice.
I have no idea how the Macro conditions would allow for a fake rally back to $26,200 but the chart says it could happen. If you take the measured move of the bull flag pole and extrapolate the break out, I get $26.2k as a target and its also really good resistance. I think eventually a $10k has to happen to be a true correction.
I think we will see a continuation down to around $450 and ultimately lower like $340 soon if the DOW doesn't go up. And with the economy halted lets not be too bullish. Ultimately sub $200 is easy in this economy. Also note the recent pattern that has appeared with perfect TD9 exhaustions coinciding with fisher transform crossovers. This is not trading...
I think we will see LTC break down out of this ascending wedge. First stop will be $30- $35 range. Ultimately I think we will see a price of $19-$25 sooner than any HODL'r would like.
I think you will see a perfect 38.2% retrace on the recent low to high Fibonacci measurement. Further downside is possible though.
Oil is riding down the descending channel quite well. I feel like $13.50 could happen but maybe its time for a bounce based on everyone going short at this point. Maybe a short squeeze? I haven't really looked into short positions but I know they have been gaining for months. Assuming that we are to break up, we wouldn't see a ton of resistance until $30. I think...
Looking like a nice TD9 on the hourly. I think all markets will get a dead cat, for TSLA this means retesting the $420 level minimum, $500 possible but dont expect too much. I would like to see sub $200 soon.
I am still bearish on BTC just like all markets for the most part. I think BTC will follow the DOW for a little while, perhaps we will eventually see a decoupling with inverse correlation. I expect that BTC will function like silver and gold did during the last recession where all assets dipped at the beginning but the strongest recovered before the stock market...
I think that we can see BTC getting down to $3800 no problem if Macro Economics don't change. Deflation before Hyper Inflation. Moon trip delay at the moment. You would think that this would have an inverse correlation to world problems and markets but not yet...
BTC is moving up quick and the ability to retest 7000 today or soon should not be under estimated. 8500 could be possible. Overall I think the coronavirus could have a negative effect, lets wait and see.