We're still ranging on that overall range price and I remain long bias on the medium term on cryptos.
HOWEVER, medium does not mean now. If we break down, we may see some move to the downside.
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The russel 2000 has been finding value since a few weeks now.
I feel it comes from the uptrend we had with people eager to see it upper but not willing to pay so expensive.
One thing I noticed though, is the volume going down. Usually a range is breakout is seen after volume start to decrease.
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The Australian index is breaking out of the recent range.
It coincides with the long momentum in China (as you may know, Australia has a lot of dependency with China).
I'll be looking for the pullback.
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After the hawkish RBNZ meeting that saw the kiwi rising above 0.73, there is no clear picture on the higher time frames.
We are still trading within this range so I would not be taking any longs even though it is my bias.
When looking at AUD (usually moving together), you can see a very similar pattern.
I am therefore waiting for the market to tell me if it...
I am not trading crypto the way I trade other assets. I trade crypto more from a long term perspective.
Therefore, for the crowd that follows me and that are more LT holders, I just put a portion of my money allocated to crypto into ETHUSDT now. I'll look to add on another leg down.
Buy when it's cheap, not when it's expensive. And don't buy all at the same...
Brent is continuing its uptrend after finding some value a few weeks ago. The boosting in demand and people seem to be bullish ahead of the summer. I personally think it is a "true" narrative with most countries willing to let tourism making some profits again as well as the most vulnerable people are getting vaccinated.
I'll be watching for a break and a retest...
Another small paper on putting things in context.
We are approaching 40k on the BTCUSDT and see in the media all over about this Elon Musk tweet.
A 30% pullback in BTC is not the same as a 30% pullback in equities. As well, as you can see in the chart, we are back to levels where Tesla accepted Bitcoins ...
I hope this helps you to see the big picture and not...
Okey so let's dive into the markets.
We're Monday. We've got PMI on Friday and today is a bank holiday for some European countries, so keep in mind that this + Monday = possible slow day.
Equities side, we are back in the former range that lasted more than a week.
I am personally NOT looking to buy there. I would love to be long given the current macro...
On the next two weeks, I'll be carefully watching Gold to see any breakouts of the channel.
For a reminder, the channeling we were into since the peak above 2065US$ / OZ early August was made possible by a combination of flows going into risk assets.
I was watching carefully 1860 as it was a possible turn around. Indeed, it was the price pre-covid as well as a...
Japan new covid cases are peaking again at 6k / day. Not seen since last wave mid January.
As a reminder, when stocks when the S&P500 was heading south because of a fear of a second wave, we ended up being on a pullback.
I believe the same is happening for Asian stocks.
Technically speaking, we are channeling down that gives us a good opportunity to buy on...
In this post I wanna cover two things :
Know your product
You have to think about trading like any other buy and sell activity. Because it is what you are doing ... buy and sell. When you buy a new car, do you go blindly or do you do your own research ?
Same goes for the financial market. here are some of the things you need to know :
1. What product are you...
Headlines in CNBC, BBG, etc : market going down after inflation fear.
As a trader / investor you should always have the big picture in mind. What is the big picture ?
We are reopening and the Fed and other CBs are behind us for the long side.
For those people that forget very quickly what they ate yesterday : we had twice 10% pullback on equities on the 2nd...
I did like the pullback on 540.
For those following me they do know that I'm long bias crypto on the back of the acceptation it has for the market.
I do not think about it in 5 years time. I have no idea what I will do tomorrow to think how much the crypto will be worth in 5 years time. However, on the medium term, more and more institutions are getting into...
Since 17 Dec 2020, prices on kiwi have been ranging inside this zone.
Out of 103 days, 22 only where printing prices out of the range. That means 80% of prices within 260bps price range.
Why ? The mass of people investing, hedging, etc. is finding this price to be a great price to exchange. I think we are between :
1. high beta / commo currencies / reopening...
Tomorrow I'll jump into the charts for the equities complex. I see a lot of potential setting up.
PLEASE DON'T RUSH !!
Comment below if you want me to give some specific indexes.
I'll be covering spooze, dow, nasdaq and DAX certainly.