Ikaro_Soares

Ikaro_Soares Updated 

After that last horrible sell off Bitcoin looks ready for another dump. The setup in play here is a Power Breakout, that ocurrs when the SMA 20 pressures the price out of a range. In this case a bearish movement, as Entry, Targets and Stop we can look for those below: Entry - $44,412.02 Stop - $47,544.93 T1- $42,475.88 T2- $41,279.11 (Most likely to...

Ikaro_Soares Updated 

Its always a ungrateful job to try short Bitcoin, the asset has been crushing Bears day in day out. However, the daily chart finally signaled a Bearish setup, so lets try to take some advantage on this. The setup here is a Bearish Pivot that was formed after the rejection of the 76.4% of the fibonacci retracement from the last bearish movement. The criteria to...

Ikaro_Soares

Relationships between the U.S and China have been deteriorating at a really fast pace since the begging of the Trade War between both countries back in 2018, where hundreds of billions of dollars in taxes over nationals goods, were exchanged. Despite the escalation of tensions, Trump's primary goal was to try to please the agricultural sector, since the farmer's...

Ikaro_Soares Updated 

A Triple Play on Baseball is when three baseman from the team on defense manage to eliminate three offensive players that are trying to reach their bases, closing the inning. We have an analog situation here on the USD CAD, where we have 3 setups on sight at the same time. The first one is in the daily chart, a Descending triangle in orange, that if manage to...

Ikaro_Soares Updated 

Disclaimer: I still learning about Technical Analysis, so sorry in advance by any mistakes in my analysis. Since the market started to rebound I was asking myself why Nasdaq was outperforming other indexes, so I tried to take a Technical and Fundamental approach to have a clear view on the matter. Technical Analysis: Looking at the whole history of the Nasdaq...

Ikaro_Soares Updated 

Disclaimer: I still learning about Technical Analysis, so sorry in advance by any mistakes in my analysis. Looking at the S&P 500 from a Technical point of view looks like we have an Elliott corrective wave (ABC), by the rule, Wave B is usually 50 % or 61.8 % of the Wave A, levels which the index managed to close below in higher time frames (Daily and Weekly...

Ikaro_Soares

The strengthening of the U.S Dollar has taken the spotlight lately since the Coronavirus crisis broke out, the Federal Reserve acted quickly to shored up Dollar hegemony on the global economy and taking this point of view I want to analyze closer the DXY prospect. This study aims to elaborate cartography for the Forex Market so we can better understand what is...