MintingSquid

MintingSquid

This is where it is likely going. ABCD pattern on a long term chart. War-based analysis.

MintingSquid

Target is to take out the lows of 2016 and some. The fundamental catalyst might be Italy leaving the euro, possible with Spain. Huge problems.

MintingSquid

If the history rhymes, then we should be looking towards 1400 as the panic bottom...

MintingSquid

Bitcoin has a healthy correction, but I still consider the W scenario is most likely. On the bull side we are capped by 7000-7200 characterized by the anchored VWAP stretching out from the last global high with only meager support from below. Give the full sensitivity of Bitcoin to the global market moves and risk factors including primarily COVID-19 and its...

MintingSquid Updated 

BITSTAMP:BTCUSD Idea is invalidated if price hits 3640, target is breaking highs above 5000

MintingSquid Updated 

Short-term correction in gold towards 1335 into FOMC. I expect trend to resume up next week on FOMC or shortly after.

MintingSquid

Looks like the pullback after the Brexit after a monster sell-off is fading out, 6E analysis tells us from VSA prospective that buying is going on diminishing volume with small culminations at the tops. 1.11 is the level to sell towards 1.07-1.06. It will be reinforced by extra liquidity from ECB and Draghi "euro death spell" and fears of further EUxits. Expect...

MintingSquid

Gold has broken a down-sloping channel being in place since March. Momentum is positive. FED rhetoric is not really supporting a further dollar strength and equity ramp. Fundamentally gold is free to go. Technically it's breaking its chains now. Theoretical entry is around 1220 but it is unlikely we will go back there. So lets see what will happen tomorrow. It is...

MintingSquid Updated 

Intra-channel trend trade, stop below recent lows target highs of the channel, set to break even after an impulse up

MintingSquid Updated 

overextended in a sweeping downtrend to uptrend move, decent area of reaction, good for a quick daily trade

MintingSquid Updated 

Push higher on Yellen rethoric, nothing has changed, sell the news

MintingSquid Updated 

Case A: a small base to build around 47-50 and proceed at least to 1260 where a break must happen to attach 1280 Case B: a deeper correction into 1228-1236 zone and from there move to 1280 on a powerful impulse

MintingSquid Updated 

Expect NAS100/NDX to break highs and break down. Corporate buybacks enter blackout period but early shorts must be punished and removed from the gravy train. Enter between 4437 and 4449, stop on close past 4462. Move to break even early after a momentum candle down.

MintingSquid Updated 

a small swing in gold to buy from 1250 to 1253.5 to retest highs, stops around 45

MintingSquid Updated 

SPX did not give us a high entry point on scenario 2, now it is a short area from 2036 to 2046 corresponding to scenario 3. Beware of FOMC positioning, it will be highly volatile so near stops are likely to be hit no matter if our direction and entry location is right or wrong. So, I would call it very risky, only a very low risk trade, with a far away stop. If...

MintingSquid Updated 

Target 1971 stop 2008 duration 2-3 days

MintingSquid Updated 

Looks like much awaited correction is in the books, however, I do not expect it to be of any extended length. Currently 1240 level looks key, 1238 to 1243 is a buy zone, with 1230 being a stop levels where hedging or outright exit must be considered.

MintingSquid Updated 

Overextended move on no fundamentals, not calling a top in but at least a small correction, either from the top or on a break down to a lower part of the channel