The next couple of trading session would be interesting to see if the Nasdaq stays above the neckline or if we get a repeat of March madness as Robin Hooders finally realize stocks do actually go down every now and then. Interestingly, this market weakness is coming at the end of July as payroll protection expires in the US.
This is just a structured way to look at BTC's price action on a 30 min time frame.
A warning about lines - I do not take them *too* seriously, even though I use them for ALL of my analysis. Lines often get broken and price gets 'there' however it wants to get there. At the same time, they help us with structure, which helps us with risk - the only thing we...
One of the main economic indicators for currency valuation is the real interest rate differential between the two countries / currencies.
The large flows of fixed income always go to where there is the highest real yield, interest rate discounted from inflation. The carry trade.
It is possible to see in the USDCAD example on the graph the great correlation...
📌 Working in public has given us a live example of Volatility expanding in times of a crisis.
Here it is usually a swing recap for those following. As you will remember we made good use of the initial tempo in the retreat :
The show must go on... in came buyers with the counter attack and no surprises on the timing, covid was simply the trigger.
...
Crazy if true, but this VIX chart looks ready to explode IMO. Lots of complacency building up with the stock market being at (or near) all time highs. Meanwhile, bond yields are plummeting, gold is rocketing, and VIX is staying stubbornly high.
Determining what information is signal and what is noise is probably the hardest & most important job of a successful...
On the monthly I have my best guess of the long term action of the US dollar. Recently I suggested a short term bounce was coming. I was wrong. But notice the price is now very near 2 resistance points best appreciated on the daily chart. So now or soon we may well see a a bounce. IF it drops straight thru the uptrend line from 2011 as well as the recent low I...
The ETHBTC pair made a significant move last night, after consolidating for 50+ days at and above a historically significant S/R level.
Price is at February 2020 resistance (~0.028).
If that breaks, expect to see a very big rally in this pair heading into October which is marked by the Gann 50/50 (half the rally taken back, in half the time...
- Failed to make lower lows
- Rejection of the 0.786 FIB
- Currently sitting in the golden pocket area of the FIB
- Failed to close below the 50MA on the daily and weekly
This video idea explains how to use the strategy tester on TradingView to evaluate the performance of your strategy. We go over all of the data presented for you regarding your strategy, and if we make mistakes along the way you can always check out the TradingView help section that is specifically for the Strategy Tester.
I highlight the overview of your...
Multiple gap ups outside of the Bollinger Band, mixed with running through multiple longer term and intermediate term Fibonacci levels. Avg short entry at 21.40 looking for a short term top. Not looking to hold short long term, just a trade.
EURUSD is fast approaching a very significant region of resistance.
One that has been respected for the past 12 years.
Will we see it continue to hold, keeping the EURO's gains against the USD limited?
OR
Are we on the verge of the pair breaking higher?
Time will tell...
ETH/USD
-price action has been making a series of Higher Lows
-and a clear flat area of resistance making an ascending triangle
-to confirm this pattern, we need to see a break above the area of resistance
-if that happens, buyers will start to jump in to move the price higher
-technically, bulls have the chance to win this game in my opinion
-but let us all wait...
We know covid is taking hit on companies, yet TESLA is a beast like no other. I'm not bearish nor have any position on this and would just like to give a heads up on levels to watch for on a pull back with earnings. Looking at the order book the past few days I've notice that the only buys and sells were from small investors and the 100 share buys are nowhere this...
Retail activity and strength is starting to transition towards excitement and complacency, when this happens Equities should be sold with confidence for a retest of the March lows.
📍 Here the following line appears the cleanest: 3240/50 => 2640/50 => 2060/70 and Sellers are not particularly favourable. The retail crowd are piling into longs and even some of the...
1860 is the 100% Fib extension. I reckon XAU needs a major correction, at least to the "potential target 1", an excellent risk-reward ratio for sure.
This analysis fails if it can break out and close above the 100% Fib extension.
PS: Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not...
Banks have been accumulating silver for exactly 6 years. From July 2014 to July 2020. So do you think they will spend 6 long years to buy silver cheap and then dump it in the 20"s price range. I personally don't think so. We might not see these price for silver for a very long time.
MMHWRW
Anyone watching (or trading) US equity markets might have noticed some (lets call it) optimistic price action in certain stocks, such as (but not limited to) AAPL, AMZN, PTON, ZM, and of course TSLA. Keen observers will also have noticed 9984 Softbank also ripping through new record highs.
At the same time, these stocks tend to sell off together - and I mean...
Going to do a trial trading with a small balance and following specific rules:
Rules:
1. No earnings plays
2. No increasing/averaging down, use a stop loss of 20-30%
3. Charting based on triangles/wedges and SMAs
4. At the money/near the money (except larger cap/further out (AMZN/TSLA/CMG), so far played these well)
5. Risk/reward 3/1 or greater
6. Buy at...
