pomoziadam

pomoziadam

Based on historical data, if USDT dominance remains in this channel, we may see a slide to the bottom of the channel which indicates a surge in BTC price. Promising, let's see.

pomoziadam

EURJPY has broken out from last year's trading range in March and now the course is backtesting this level. If this move do not collapse to a deviation, we will more probably see further price appreciation upwards. The breakout was impulsive, especially on the monthly chart. As last year's range top is a very important and price action was strong on higher TF, I...

pomoziadam

Parabolic moves usually end up with around 80% decline, where it all started. By far, NFLX is on a textbook track. Entries only around 130-140 first.

pomoziadam

In case of a black swan event, we can easily nuke to the 10k areas. Hopefully it will not happen and this scenario remains a sci-fi, but the setup is similar to the COVID crash. Now the Ukrainian crisis can ignite the selloff. Technically we lost the 200 moving average and the last line of defense around 14.800 area (clearly rejected today).

pomoziadam Updated 

BTCUSD has just finished its ABC correction after 5 elliott waves. 58k was probably the last leverage shakeout before going parabolic EOY or Q1. Trade tp: prev. highs, hodl tp: 190-200k.

pomoziadam

Recently, I see many bearish scenarios on gold. It is a probability of course, with recognisable statements. However, the long term Gold chart wants to tell me a story. It sais it is almost ready to take off. The technical picture is extremely bullish, just have a look at the patterns and indicators. This correction is a longer term bull flag in a cup and handle...

pomoziadam

Looking at the weekly structure of GOLD stock, the chart tells me that this great gold miner company can trigger soon a buy signal. 200EMA, strong support, trendline, counter TL break, short term bearish structure break and fibo 78,6 on the latest momentum all supports the entry. Fundamental side, if I step back a few, the pictere is still very bullish for...

pomoziadam

USDCAD has broken out from ranging, with 200 SMA break as well. The course is good for a 2:1 long range trade.

pomoziadam

Or not? We well see. However! We are still in a bull market (dancing on the edge, but still), and this is the last line of defense. Bulls have to defend 40k area unless more downside is on the radar (bear market territory). Tha fact that this is the first touch of the 200 EMA in this bull market and the course approached important technical area, I am calling a...

pomoziadam

GDX has broken its counter trendline on the weekly, clearly showing where we can expect the precious metals in the near future. New highs are on the spot in this commodity supercycle.

pomoziadam

Both technical and fundamental picture is strong for a long in this asset and in the sector as well. The course is at Support+fibo 78.6+200 D1 EMA+trendline. Risk factors of the idea: stock markets are over extended, indian covid mutant

pomoziadam Updated 

Peloton has fallen 45% from peaks, and now ready to rebound from the D1 200 EMA + support area + the fib 78.6 level. This is the last zone to defend for a longer term bullish scenario.

pomoziadam

A broader correction is still in play in Bitcoin. 40k area can be triggered soon (magic number, demand area), perfect for long term entry. Technically the long structure and trendline were violated and the course is moving in a descending channel. 200 EMA should be tested sooner than later, before the next huge leg up. Looking at the stock market indices as well,...

pomoziadam

10Y US Government Bond reached an important decision and supply area, where bears can trigger the control again, boosted by ultra dovish FED. By technical side the RSI is overbought on the weekly timeframe, and the course is currently at a massive resistance + previous low + fibonacci retracements (61.8-78.6) + under/at 200 EMA, which shows dowside as well. I am...

pomoziadam Updated 

Gold is in a long term bull trend, boosted by strong fundamentals (supporting macro and fiscal environment). Furthermore, seasonality shows upside cycle from december. As technical picture is forming a corrective and longer bull flag, it can break out soon and aiming the previous highs with a rapid like move. MACD shows that bulls are at the corner, and ready to...

pomoziadam

Fib 50, SMA100 and support area can provide a nice entry point to the recent highs in this strong uptrend. SL 2,5.2x ATR.

pomoziadam Updated 

Fill the gap from the trendline.

pomoziadam Updated 

Boeing can fly again to higher altitude due to success in covid19 vaccination and the soon returning 737 max plane family. Success against covid will be priced in the course earlier than in business results. Technically it can repeat its last move and MACD is also tries to show buy signal. If we do not have a huge market crash again (good chance due to crazy QE),...