I believe the move up recently in crytpo has been corrective and I am still expecting a move back down into resistance.
Communication 618 tap. Will heavily depend on rest of equities obviously. Needs to break through 382 resistance.
We can see the Dollar dipping back into support Equities, crypto and Gold will benefit. This may not extend all the way to the target box, but no doubt the dollar is selling.
I see SPY moving into the previous POC at 432 and then pushing up to 440+ I think market is not completely ready. I am expecting a sell into Fed Funds then buying expectation if no taper.
Pure techs. RSI in bull form and 236 holding price well. Been watching this chart a while and the more it goes, the more I believe we see higher. $TLT What this means for 10YR should be more down.. But why?
I already charted BTC to 39-34. Now I'm seeing lower. 27,000. The stochastic has flipped and a fibonacci bear extension is underway. I am more relatively Bull on Gold in this same time frame -- which makes me doubt my Gold analysis a but given the correlation to the dollar. But Gold and Bitcoin don't have to move the same. We will see.
This is scary. Be safe. The S&p500's rising wedge may have just broken and the support below is pretty far away.
Check my last Gold idea of 1730. That sentiment is still in belief. But Gold seems to be setting for a Bull move in the longerterm. I posted a live stream detailing both targets and why I am seeing Gold this way. Please watch that video to understand both ideas.
This is highly risky but I believe unless we get a market crash there's good chance he fib levels and support below in Alibaba may hold us. I am in positions for swing in this and Chinese ETF. Under leveraged in class more bad news from China or US tech market tanks. I can understand why some would criticize how this play but it's long term.
I have been giving you guys a lot of mixed ideas on where I believe Gold is going. My live stream on here, which is saved on my profile will better detail my view. I think the 1670 support is strong but also think since the 382 of the structure shown has broken, the 618-786 is likely to get hit. 1730 is my view at the moment. 1709 max if bears start...
I live traded ETH/USD yesterday and let the trade stay open due to the move take longer than expected.