Well, I think these two fractals are worth sharing. First of all, it would make totally sense, if we put it together with chart of bitcoin, which IMHO needs healthy correction. Current greed and billions of bullish news are usually before nice dump. My guess is, that bitcoin will have correction to 6400 and most of the money will transfer to altcoins.
Gold, silver an copper are highly correlated commodities and both gold and silver had decent rallye in past weeks, however copper was going down in downtrend channel. This channel is broken now, we are creating higher highs and higher lows and uptrend should begin.
Feeder cattle had quite steep downtrend, however this chart on daily time frame seems very bullish, it´s typical P - profile (strong uptrend in 2017, then consolidation in 2018-2019). Support is very strong, but quite big, but price shouldn´t drop below 130.
COT is very bullish and there is big divergence at commodities spreads ( demand for FC is rising, but price...
First of all, I want to clarify, that I am not owner of any stock and I don´t plan invest in any stock right now.
However I would like to point out very nice price action, suggesting me, that this stock could sky rocket, from whatever unknown reason.
First of all, we are at the strongest support area, where is no volume and price usually bounce of those areas with...
Sugar had a massive bear run during September 2016 - September 2018. Now the movements are low volatile and everything seems like sugar is preparing for bull run. COT (Commitments of traders) is also very, very bullish. Price already broke trendline on smaller time frames, creating higher highs.
Trade for couple months, IMHO.
Dollar index is at strong ressitence and on the other hand, we can see, that many pairs XXX/USD seems very bullish.
This pair, EUR/USD, is at strong support zone, current downtrend is weak, slow, however it may continue for some time, but i am quite convinced, that it won´t go through whole support.
Long term trade for several weeks - months.
Grains were/are in quite strong downtrend, however bears are getting exhausted and ZS might be the top performing asset in grains. We are above huge support and bounce from that support was decent. COT report is extremely bullish + seasonality data are telling us, that price of soybeans should grow during the summer. I am only waiting for breaking the trendline...
Trump´s tweet politics is kind a obvious -> if he wants retail to panic and start to selling, he tweets about some problems with China trade deal, so he can start BUYING retail money. American stocks are of course highly correlated with other stocks and German stocks are in the nice uptrend and DAX is above big support + above trendline and we could reach 12800 in...
Cardano is obviously in nice uptrend and current short term downtrend is very weak, with low and decreasing volume. Very strong support is at 1400 - 1300 satoshis, I personaly have limit orders in that grey box. My target will be at 1850 satoshis, stop loss slightly below 1300 satoshis, so RRR is over 4,0 and that very, very nice.
Situation about brexit in GB is moving with british pound strongly and on the other hand, canadian dollar depends on price of crude oil and crude oil is very bullish.
From the chart, we can clearly see weak uptrend, with an overlapping and it seems like more bear flag. We are also below very strong ressistence.
I am already in short position and I think it´s just...
Cardano is heading to such a strong ressistence level + we can see bearish divergence at almost all time frames + buying volume is declining + I think BTC will dump very soon.
So if I put together all these factors, I think we could go down very sharply and test level of 1100 satoshi.
However it´s trade against main uptrend, so I am careful with that trade.
Elon Musk´s TESLA will have nice period during next weeks, because there are many factors suggesting potential grow.
We had nice bounce from support 265, we are also in last wave of the falling wedge. There is strong trendline and support below us,and we can see nice bullish divergence at commodity channel index, so uptrend shoud start very soon.
AUD/USD had massive downtrend during whole 2018, however the powers of bulls and bears are equal right now, price created falling wedge, we have big support below us, so I think it´s just matter of time, before uptrend begin and we should go to the point of control at 0,77.
Also COT reports show us, that american dollar is very expensive, on the other hand...
Lean Hogs are moving by strong seasonality - after grilling season ends (usually at June to August) the price usually goes sharply down. After that big move, price usually goes up until end of grilling season. Price is also at historical strong ressistence + COT report is also extremely bullish ( it shows us positions of biggest players in the market).
There are so many factors, that are telling me, that currect uptrend will be over very soon. Firts of all, if we look at the weekly chart, we can clearly see, that we are in big downtrend and from July 2011 we are in upwards correction. At the moment, price is testing very strong ressistence.
I am also big fan COT report (it shows open positions from biggest...
BTC in falling wedge, on the very strong support, selling volume is so low and dump below current low would not make any sense. My guess is, that we will touch upper trendline or strong ressistence at about 3850. I think this big move will happen during weekend (9.2. - 10.2), this will be best for whales, because there won´t be so many people to "jump on that...