All traders and investors should be aware of two sets of key dates in BTC: 1) The date that Bitcoin Futures contracts expire (shown on the chart in black in the past, and orange in the future) Futures contracts let traders bet on whether the price will rise or fall, without actually having to hold bitcoins. Whilst in principal the start of these should push...
Is it at all possible that the DJI may have topped? I haven't done an in-depth EW analysis, and lets face it, I am no expert. But: 1. A trade war (between the USA and China, Canada, the EU, and Mexico etc) seems more likely than unlikely (whatever your beliefs may be about the benefits vs costs long-term for American Businesses and populace, I find it hard to...
After seeing such a steep recent decline I started looking for signs of a bullish bounce. Unfortunately, it looks brutal: 1. recently retraced more than 100% of previous up-move, which indicated additional consolidation / correction is needed. 2. While it is a little messy, I can make out a 5 wave down move from the 2012 highs. This would mean we are likely...
I'm new to commodities and relatively new to Technical Analysis. No associated fundamental Analysis has been undertaken on Platinum. This analysis is shared simply to further my own education and hopefully someone will appreciate it.
My analysis shows the US majors are setting up for a massive upside rally over the next 3~7 weeks. Many people are freaked out about the market's recent decline, yet this is just the type of price rotation that the market needs to advance higher. Failure to achieve new price lows will result in a massive price reversal driving prices much higher. Watch as new...
Bullish diagonal triangle formation + P/O divergence Be prepared for a significant rally. Clear close above the upper bound will confirm it.
Here we have a 45 min chart of the ES1!. The ES1! rebounded nicely yesterday fueled by a 45 min squeeze firing off to the long side late in the day. The ES1! is now testing the 0.382 Fib retrace level of the 3/13 high to the 3/23 low retrace. If it fails to break through this resistance level, look for a reversal to the downside. Also note that a 45 min...
G'day Cobbers, It seems my posts are being hidden by tradeview for a breach in house rules, I guess my affiliate link is pushing the friendship a little too far, my bad. Who would of thought I would get censored after paying $60 buckaroos a month and spreading free education and trade ideas. Any way moving on. After a little bullrun last night we had our what...
Look.... Poor Silver has been manipulated for years... but that's okay.. Cheap $silver for us right?? Better hurry up and stack as much as possible cause things will change quick...! Silver is completely off the radar to most investors, it will turn out to be one of the best investments to own as the massive amount of leverage in the stock and real estate...
It is still a currency, and nominated in US dollars.
Lower highs and lower lows. A possible short trade could have its stop loss at the last high.
It is always worth a look at the gold-silver ratio. Currently, gold is 76 times more expensive than silver (per ounce). In the past, it has been shown that the area above 78 is an extreme area and can be used for trades. In this case, you would sell gold and buy silver.
Sugar is in a very interesting area. The level of 13 has already worked several times as support or resistance. Add to this the CoT data, which indicates rising prices. Sugar is also supported by a potential trend line. Learn more about the technical analysis, the CoT data and the futures markets in our premium service.
It is worth taking a look at cocoa. The price is approaching an important support at 1800. In addition, the CoT Report indicates rising prices. You will learn more about these and other analyzes in our premium service .
Looking at the 1D chart for Natural Gas Futures, right about now you can see the formation of a head and shoulders. The left shoulder and the head are already formed, now it's just a matter of seeing where the right shoulder goes. I remain neutral on this setup because I am waiting on an inflection movement either up or down. If it breaks the resistance from the...