StealPipsSal

StealPipsSal

Hey fellow traders! As you can see, GBPJPY has been moving parabolic these past few weeks as it had broken a weekly downtrend trendline to the upside. GBPJPY has been respecting smaller timeframe levels on the 1 hour and continues to creep up; however, I believe that there will be some downwards pressure in the zone we are in right now. GBPJPY is effectively...

StealPipsSal

As you guys may be aware of, the stock market has a whole has been breaking all-time highs and setting records nearly every other day it seems. Besides the fact that the market is way overstretched and in need of a correction, there are many other technical factors that indicate that there will be heavy downwards movement. US30 has just closed with a daily bearish...

StealPipsSal

What's up guys! XRP looks like it's heating up for one of the biggest rallies we've seen in a while. My previous analysis took a little longer than I anticipated but my short term targets of 44 cents were absolute smashed! As you guys can see, most of the people who were scared out of XRP due to the SEC news have already been shaken out of the market and the...

StealPipsSal

As you can see, XRP broke out to the upside just as I predicted and got as high as 37 cents. All of the afraid retail investors that were dumping XRP seem to be gone and now there is just the moon bois and the institutions that were able to buy at the price of a lifetime. XRP looks like it's moving with the rest of the crypto market again as we saw a major...

StealPipsSal

For more than a week, EURCAD has been moving in a descending channel and respecting the trendiness very well. EC had broken some very significant resistance around 1.55336 and 1.55432 on December 17th that it looks like it is revisiting as this market steadily moves to the downside. On the daily, EURCAD has been moving in an ascending channel and is about to reach...

StealPipsSal

Bitcoin looks as if it is about to start moving in a range. Price never reached exactly where I was anticipating to complete the head and shoulders but price still tanked significantly and there were many shorting opportunities in this area. Price even wicked down all the way to around to 27780, which indicates that I was correct by pointing out that there is...

StealPipsSal

Gold has pushed up to the 1911 zone just as I had anticipated and I believe the temporary dollar strength and short term downtrend should push it down for the meantime. However, I noticed that gold is setting up a massive inverted head and shoulders on the daily timeframe, which is indication of a bullish reversal. Higher time frame zones are often more respected...

StealPipsSal

Recently, bitcoin had just broken the high of 30k and my previous analysis went down the toilet; however, we are starting to see different price action here. Following the breakout of 30k bitcoin had shot up and struggled to get past the 33059-33324 zone as we saw MASSIVE bearish pressure come in at that point. We have not see bearish candles the way they are...

StealPipsSal

EURUSD has been in a fairly steep uptrend for these past few weeks and has been respecting this trend line on multiple occasions so it is definitely significant structure. EU seems to have broken that trend line with a strong bearish candle and closed just below the previous resistance zone. There is some pretty strong bearish divergence on the four hour time...

StealPipsSal

Bitcoin looks like the bulls are losing momentum as the market is just short of reaching 30k. You're seeing actual market structure now not just parabolic movement. I'll be looking to enter a sell position on the break and retest of this trend line around the 28880 level. My target will be around the 25590 zone since that is a strong zone of support. I may be...

StealPipsSal

The stock market has been gunning for all-time highs despite the horrible economic news going around. Based on stimulus hopes and mass euphoria of the market reaching highs, with help from the fed, investors have just been buying at the highs and pushing it higher. However, I think all of that is quickly coming to an end. The market has been pushing higher with no...

StealPipsSal

GBPJPY has been moving fairly sideways these past few weeks with no real trend or market direction. It looks like its been trying to break past the 141 level for a while but has failed to move past it. It's met equal highs and is showing strong rejection around that level, and as you can see it has also formed a double top. GJ is also coming in contact with major...

StealPipsSal

XRP has been forming a triangle pattern over these past few days on the lower time frames and it has just broke out of this formation. It had peaked at around $.25 and looks like its coming back to retrace and retest the $.22 zone. I believe that XRP will be touching around $.40 within these next few days behind the strength of this breakout so this may not be a...

StealPipsSal

XRP has been getting a lot of heat but so many people aren't seeing the bigger picture. XRP is retesting the broken downtrend trend line on the weekly and retesting a short term uptrend trend line. Both of these retests come in confluence at around the major support at $.17. You could already see that there was major buying pressure around that level and there is...

StealPipsSal

Tesla has been in a steep uptrend since it broke out from the $500 zone at the end of November and price seemed to be overstretched at the moment. I think Tesla will hit between $710-$720 before finally triggering a huge selloff for a correction back to the $500 zone. Price is forming a rising wedge, showing bearish divergence, and it has yet to retest the $500...

StealPipsSal

Bitcoin has been in a bullish rally for these past few weeks and has been moving very parabolic. We should all know that chasing parabolic markets is really dangerous. Big banks have been pumping and inflating bitcoin to reach these highs but I suspect that they should probably start to take profits around the psychological level at $30,000. Once major banks start...

StealPipsSal

Gold has been in a recent uptrend for most of December, but for the last few months it's been seeing a steady decline. Gold may be looking to form some equal highs here with one last push upwards then finally dropping to around the 1850 range. Around the 1911 level gold will also be testing a weekly zone that it broke out of in November that was previously...

StealPipsSal

US30/the Dow Jones Index has been slowly forming a rising wedge for the past few weeks. The market has been hitting all time highs and quickly rejecting these highs. On December 21st we even saw a false breakout of the wedge on the daily timeframe with the dow dropping over 950 points in just one four hour candle, but it quickly bounced up off of the strong...