My bias still stands for gold and as of now it is playing out to perfection. We closed above support at 1988, the next significant resistance zone will be between 1917-1923. This would provide a liquidation grab to spike everyone out of the market as most people will be shorting from 1907-12. Very good R:R.
Looking for a push further up towards 1.37000 from here we should see a sell off to 1.35000. Why? So a lot of retailer are short already (you only need to look a trading view to see this. We closed above 1.365000 so the next resistance zone is 1.37000. A touch towards 1.37 would line up with the top trendline and liquidate retail positions. Currently trading in...
BTC is the most ridiculous scam coin ever created. It's unregulated, it never has been and never will be and it will have no place in future of crypto. 30k will be the almighty dump zone and it will be glorious. No 50k or 100k. BTC is so overvalued it's unreal...created by a mysterious man who none knows, it's manipulated constantly to benefit the holders...they...
I still believe in a push higher from gold...Liquidation must be grabbed and this will happen from a spike up into 1912...as long as the spike closes within the wedge then we will be game on for further decline. Refer to chart for structure
Still bearish on oil and our shorts are still in play. Looking for the decline to begin now.
Gold is currently in a downtrend but with all the uncertainty with corona virus and an extremely week dollar I don't see it dropping fast anytime soon. I have two scenarios for gold right now: S1 - We push up higher towards 1917 to take out recent highs to grab liquidity before dumping down to 1807. or S2 - We pull back slightly to 1895 before dumping to...
I'm very happy for all those that have made bank during this immense run. I do believe what goes up must go down. I am sat here trying to back test, analyse, dissect and process new territory to make me a better trader, I am not short or long in bitcoin . Something interesting I have found here...The first blue box is from the the first ATH to the next lowest...
First video as promised.... Covering XRP, LINK and a little bit of bitcoin. This video is what could happen in my opinion. Nothing is financial advice. If you would like any further information or help with anything please drop me a message!. Of my videos get good responses I will look to invest in a better mic! Like and follow! I appreciate the support.
I'd like to see BTCUSD melting from this point. Price is unsustainable at this point and major pull backs are well over due!. 20k next.
Called the XRP drop perfectly. We know that nothing will come of the SEC lawsuit so pull backs will be due to this reason. Two possibilities... - XRP retraces to the upper levels provided and then dumps back down to 0.14-0.17 because BTC dumps or... -It rockets from here surpassing a $1. Either way follow me and you know the right way!
Going to a write a piece here of what I think is to come for XRP (A lot of you wont like it because it's trash which is your opinion, but in my opinion it's probably the most utilisable crypto to be integrated into society). So as a lot of you will be aware ripple is having big issues with the SEC and lawsuits. Obviously this bad news for ripple and it's token...
USDCAD is looking very interesting in this region. A break back into the falling wedge could provide some bullish movement. If we close back within the wedge today I would be looking for long positions. USDCAD also correlates with USOIL and if you haven't seen already I am short on. So the fact that oil is looking bearish signifies that this pair could turn...
DXY is extremely week at the moment but we are coming up to a strong resistance zone (DXY and EURUSD correlate). Coincidently the DXY support zone lines up with the EURUSD resistance zone. I do believe EURUSD will hit 1.24 and consolidate between 1.24-22 before a push towards 1.25-26 before a reversal and the beginning of a down trend. This is a long term trade...
My bias of a retracement back into the 1.35 region still stands. Who else provided you with over 300pips in a morning??? These zones were called a week in advanced...absolute perfection. Trading will get quiet soon due to the upcoming holidays. If I can hit 120 followers before the year is out I will start doing weekly breakdowns where you can also see the...
GOLD still has a lot bullish movement to come...The COVID-19 fallout hasn't happened yet and gold is the perfect security. I will look to take longs from the region provided and I will look to the higher regions for profit taking! Follow and Like!
What a start to the trading week and we are only 6 mins in. Provided this set up well in advanced (a week ago to be precise). We had a 20pip drawdown but we are now taking huge profits off the table and we are only 6 mins in. I wouldn't be surprised if we returned to 1.3550-80 before reaching our goals. I think the UK will see a Brexit deal which will cause same...
So here we are at the price I predicated. I would short we extreme caution due to on going Brexit talks but we could possibly have a great entry for a 250-300 pip movement! Like an follow for great ideas...recent oil trade is running perfectly!.