turtlebuster

turtlebuster

Based on my analysis, the price of copper has successfully breached a crucial resistance level, signaling a potential trend reversal. The price has made 4 attempts to break through the resistance line before finally pushing through, followed by a retracement and a bounce off the newfound support. Interestingly, a huge spike in trading volume coincided with the...

turtlebuster

My trade idea is short the NASDAQ because of the shooting star pattern which indicates a reversal. Of course, it should be supported using additional indicators with clear entry and exit parameters. Thank you for looking at my idea even though it is simple.

turtlebuster

Price analysis on the weekly chart shows a Hammer Candlestick, indicating a potential reversal where buyers are stepping back in after price decline. This can have HUGE implications for traders across financial products.

turtlebuster

Shooting Star on the 4 hour chart. Classic reversal pattern. It can be seen on the daily chart as well but not as clean.

turtlebuster

Traditionally, oil has an inverse relationship with the stock market. As oil prices rise, it can lead to higher production costs for companies, impacting their proftability and potentially causing stock prices to fall. Conversley, lower oil prices reduce production costs benefitting various sectors, boosting stock prices. However, lower oil prices could also be...

turtlebuster

My analysis shows a trend line for the price of oil that has been broken and now I believe the price of oil will continue trending lower.   Fundamentally, I believe rising interest rates are putting downward pressure on the economy and thus energy prices.

turtlebuster

I've always been a fan of Shell corporation. In spite of the fact they are an oil and gas company I believe they are committed to leading us into a cleaner and greener future. They are well positioned to provide clean energy. In addition, I believe Shell is benefiting from high inflation and high energy prices. The chart for Shell is a great example of both...

turtlebuster

XMR is trending higher. Chart pattern shows bullish flag with flag pole. Watching for a bullish breakout. Manage risk before making a trade.

turtlebuster

Consolidation underway (tighter trading range) Fundamentals - EURO and other countries have been falling against the US dollar. Possible short term price could break up from the triangle. However, longer term I see no reason why the Euro won't continue its downward slide.

turtlebuster

Copper has been in a huge uptrend due to global demand primarily in automotive but other sectors as well. However, rising interest rates and geo political tensions will put a strain on trade and cause a sell off in commodities. The technical pattern is rising wedge. It could take a few months for this to play out.

turtlebuster

My eyes, if I'm not mistaken, can see a trend in the upward direction. While volatility abounds, a support can be found and the sell off in stocks will likely continue. Fundamentals, TNX treasury yields are rising quickly and will likely never return to previous lows. This is not good for stocks. Cheap money is over and investors will not be happy about that.

turtlebuster

LINK broke through resistance and will climb higher. Fundamental, Chainlink has a powerful team of developers with a lot of resources. This token is going places.

turtlebuster

BCH has been under consolidation for the past year. The price will need to break through resistance if the current uptrend is to continue. Fundamentally, I think BCH has a future because many institutions with large computing power will profit from becoming a node.

turtlebuster

I know my idea is simple and your welcome to check it with your own indicators but I propose that this stock is preparing for a torrential uptrend which will finally end a multi year downtrend. The reason is because the price is finding itself bound up within a tighter and tighter trading range over the past year. And with pressure must come release. Sure, we...

turtlebuster

ETH is under consolidation forming a bearish pennant which could break to the downside. I think rising interest rates and energy costs is bad for crypto. I think investors will be seeking safer less volatile assets.

turtlebuster

BTC broke through the YELLOW resistance line in March 2019 and rallied 240%. Then BTC formed a double top in April 2021 and November 2021. The current downtrend is unlikely to be over anytime soon. We could see a massive drop in price if it breaks below the BLUE support line. In my opinion, bitcoin price volatility will lead investors to seek out safer assets...

turtlebuster

The price momentum of ETHER has been in a massive downturn since reaching ATHs. Technicals show a bearish pennant formation possibly signaling a continuation to the downside. Fundamentals, as interest rates rise and war rages on in Ukraine, the economic uncertainty will weigh heavy on investor minds causing them to flee to safe havens such as the US dollar and...

turtlebuster

Yes to this! Strong punch through resistance. More buyers will be entering here. Fundamentals, batman is a huge success.