Litecoin got rejected at around the $90 level after trying to breakout of multi year down trend. On the RSI and Volume, Litecoin is showing strength in the momentum, Litecoin also had the highest weekly buy Volume since December 2017. Last time Bitcoin was at the price it is now, Litecoin was well over $200 now $67. Looking for it to breakout and hold above the...
Chainlink could test All Time high in next few weeks after breaking out of falling wedge.
COINBASE:BTCUSD Bitcoin Test All Time High Soon after breaking 3 year downtrend. High lows are forming.
Gold short for September/October XAUUSD. Basic Setup sell the retest.
Gold Trade worked nicely. Target hit.
Above Major Resistance area. Potential Massive move up. Needs to hold above. Target $838.
Gold potential correction. Target 1981. Needs to hold below 2056.
AUDJPY at a major resistance zone with some big downside potential. Since March Low AUDJPY has not seen a major correction since rallying for 5 months straight.
Bitcoin is making a move to break out of multi year down trend. It went about 10K and yet gain could hold above with decreasing buy volume over last 5 months. Possible top before correction or big move to the upside. Either way a big move in crypto is coming.
Correlation between Bitcoin and Gold, both making bullish moves over the best week, gold set to head towards to All time High this week.
Historically when the Nasdaq out performs the S&P 500 and Dow Jones disproportionately it is followed by a relatively significant sell off. We saw equity markets sell off last week could see some more selling and profit taking in the stock market this upcoming week. Meanwhile Gold looks towards a new all time high. The US also is awaiting a potential new stimulus...
Simple setup. Long gold.
Cup and handle pattern on CHFJPY. Broke major resistance which is the neckline for this pattern. Would buy the retest if it hold. Target is 118.100
US Dollar will become weaker the longer the Economic crisis continues to go on. The FED printed around $4 Trillion dollars in April now that the rumors are that their will be another stimulus package are possibly 1-2 Trillion dollars, their should be expected weakness in the dollar.
Target of 1800 Gold was hit. I posted a great setup linked below. Gold known to be the safe haven for protecting and growing wealth has seen parabolic trends before. After the 2008 crisis Gold went on a rampage multi year bull run. In the current economic environment where we see the FED uncontrollably printing money, there is a case for Gold to go on a similar...
Tried to break out of this accumulation/range 4-5 times and sold off. Short targets below this level. Targets 3142 and 3107. If it breaks out of yellow zone wont look to short it.
The markets are irrational and buying the S&P dip seems to be the best trading strategy in this market.