CASH
BCH Looking Really Weak! Long Term Dead Cat Bounce!The BCH chart is looking really weak. Failed to even get to its prior high while much of the altcoin market has either reached or exceeded their prior all time high and are now forming supports for their next leg up. BCH has been a real laggard in this run and I feel like support is dropping and hodlers are selling by the looks of the chart. Don't wait for this coin to hit 1 dollar, just dump it and move on to the real thing or other better options. Good luck.
$DXY - It has been my best friend for while...$DXY - It has been my best friend for while...
We have a saying in trading: The trend is your friend until it breaks!
We reaching key areas, my longer term target if we break above 110 areas next 120 IF we get there. I do really like to keep an open mind to either direction. However, we had a large pull back this morning which makes sense to have. Keep an eye on the key areas we at break above or below shorter term and longer term the big question is - Is this a pattern brewing of a rising wedge to have a pull back medium term?
Things to keep in mind are the key fundamental data we had FOMC yesterday dovish and 75 hike it was expected the slimmer chance weeks went by of 100 and that did sound like a joke imo. However, we pulling back FX Majors check HT as it really key and we entering near end of month as well.
Remember: Follow your own trade plan, it will make you very successful.
TJ
Bitcoin Cash: Strong Downtrend (Possible Gap Lower)The Williams Alligator moving averages have fanned open, indicative of strong bearish momentum.
Looking at the chart, there is a likelihood that BCH (and all other cryptocurrencies) are about to gap lower. If this occurs, we're looking to short BCH down to $64.
Will Bitcoin Cash see $25.00?BCH has always followed in the foot steps of Bitcoin rightfully so consider BCH is a soft fork of Bitcoin itself, hence the name Bitcoin Cash. Over this past cycle Bitcoin Cash has managed to perform above average in my opinion. I am one of those people whom believes that BCH will follow the price of Bitcoin itself and will one day be worth over $20K although that depends heavily upon financial regulations that could unfortunately put an end to BCH, an highly unlikely scenario, but none the less could happen.
Now the purpose of this chart is to show the major downward angles and how BCH is building them into support. It appears as if we have made it out of a strong resistance barrier. Although we are hovering around $101.20 as of the time of writing this. I am not to optimistic about the price of #BCH at this moment I am eye balling the low at around $25 to $75
We can see on the chart that BCH seems to be stuck below the $103.00 resistance level and is looking to take a leg lower. I am going to go out on a limb here and say that Bitcoin Cash will be dropping some time before Wednesday. I normally don't throw a day out like this, but I feel confident saying that considering all the charts and news that I have reviewed recently.
I also have a nice buy order set up below $25 In my opinion if Bitcoin takes this next leg down as I have been expecting than we will see Bitcoin Cash do the same as well. When this happens Bitcoin Cash should bottom out as well. When Bitcoin itself was around this point age wise on a lot of exchanges the price dropped to .01 cents for a moment. I would of liked to have bought #Bitcoin at that price, but I didn't get a chance to.
More downside before upside.BTC at around $28,700 area right below what used to be a strong support level at $29,000. BTC has tried 3 times to go over $30k but it has failed to break substantially above it forming a wedge pattern. The 200ema is above the 50ema and below that the 20ema, signaling bearish momentum. The most likely scenario is that we go back down to that $27k area before we get another pump up to the $30k resisatance level and test once more.
Why is BTC down?
FED moniteray policy (intrest hikes)
Inflation
Terra (Luna) crash and UST depegging
I dont think we are going to test $25k for the moment because BTC was over sold when it hit that area due to multiple factors (mentioned above), more likely $27k is the first stop down, but if after hitting $27k we go up and get rejected at $30k again $25k becomes more likely.
Buying opportunity?
Yes. Extreme Fear rules the crypto space but if you have a little cash around it is a good time to get some BTC, I wouldnt spend all my money on t just incase there is more downside but anything under 30k right now is a good buy.
Save some cash!
Cash is King right now, its not only BTC that is down, all markets are down so be smart and invest wisely and keep some cash reserves.
The BEST position of 2022? The answer may surprise you...What has been the best investment/position of 2022? The best trade was of course to be "short stocks" or "short crypto" but where could we have put capital to have achieved the best return. Believe it or not, despite all the FUD narratives about inflation and the US Dollar's weakness, one of the best performing assets of 2022 was in fact... US Dollars. That's right, "cash is a position" and relative to other world currencies the US Dollar has been RISING. Your cash buys more stock, more crypto, more foreign currency.
SELL US30 EASYEASY PIPS NEW YORK REVERSAL , looking to sell in an institutional supply zone on new york time
Bulls are again attempting to push through $360-levelBitcoin Cash coin approaching the crucial supply zone after drawing the triple bottom formation over the daily price chart.
Bitcoin Cash reclaimed 8% market capitalization, which is now at $6,74 Billion.
The daily bitcoin cash price EMA ribbon as seen above the red ribbon of the indicator supports a bullish trend but the digital asset price is still below the 200-EMA (yellow). Moreover, Stoch RSI is looking flat in the overbought area concerning the regular price graph. Nevertheless, the Average Directional Index shows a slightly bullish trend for the Bitcoin Cash coin.
It looks like Bitcoin Cash holders don't want to miss out on a buying opportunity and may be able to jump the crypto price above the supply zone. On the other hand, if they fail to go up, they may again face a pullback.
Support level - $300 and $280
Resistance level - $360 and $470
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US 10-Year Yield PeakThe 10 year yield will not get to 3%. Since 1987 we have seen this downward trend in treasuries indicated by the channels on the chart.
As of today, the 2 standard deviation peak is at 2.2% and the 3 standard deviation peak is at 2.9%. In one year it will move down to 2.0% and 2.7% respectively. There's also a chance we already peaked and we don't see a 10 year yield over 2% for the foreseeable future.
There has not been a single time since 1985 that we broke out of the 3 standard deviation upper bound. It is safe to say 2.9% is a hard cap on the 10 year without a major meltdown in the US bond market.
Even the 2 std. dev. channel has only been broken twice (and only once significantly) since then. I think this will cause huge bond buying whenever it gets above 2.2% and realistically we won't see over 2.5%.
Eventually we'll start flirting with the 0% bound and the 2 std. dev trend will dip negative sometime in 2030. Until then, enjoy the roaring 20s.
Large-scale Bitcoin whales transactions signal a bottom.Following Russia’s invasion of Ukraine on Thursday, Bitcoin (BTC) fell below the $35,000 mark.
Since then, however, the cryptocurrency has risen significantly, and it is presently trading around the $39,000 mark.
As Bitcoin prices bottomed out at $34.7k with Thursday’s war news, whales have made some MASSIVE transactions.
This has been the largest amount of both $100k+ and $1m+ $BTC transactions since Jan. 24th, when prices jumped +15% the week following.
SQQQ Santa rally came early - so does the nest one start on....The reason I added 'so far so good' to the last post was that it was running up and a few days later it broke up above $7 as far as xmas rally It looks like I was off by 2 days. Usually when SQQQ goes below the green line (50 day moving average) it pushes up to the 100 day moving average (the slower Blue Line). This is not an everyday thing - it last did it a few months ago from the beginning to the end of September and ran up 28% then this recent run was short (NOV 22 - DEC 6) but ran up 22%.
The Stochastic RSI (orange and blue lines at the bottom of the chart.) StockRSI show us when it falls to zero on SQQQ it is time to buy and with in a week or a month you will run up 20-30%
This is great in years of sideways chop in the market, as people run from stock into cash and then back to stock again, that high volatility can generate great returns if you can catch the signals. It looks like SQQQ will fall for the rest of the year back below $5 and some equities will run up after Xmas - by then the Covid infection rate should be high which will cast doubt on the markets and scaring people back into cash. It might happen next week it might happen next month. It is hard to say, if you look at the Stochastic RSI it can go down to zero and stay there for a month before it take off again with one of these +20% moves.
This one is a lagging indicator and you can miss it by and inch or a mile.
Not trading advice i did not take this trade -I have been working on perfecting this system for a year and only took one trade on it in the spring. i will save this one in my back pocket for next September when every one sells Rosh Hashana and buys Yom Kippur.
Now that i think about this the Lunar new Year is coming up and that would be a great overlay on this chart for the next pump. has anyone had luck timing this with the luna new year?
Pampa Metals - Take your 60% and run.Nice swing trade, once again patience pays. Pampa Metals holds a portfolio of eight exploration properties totalling 58,000 hectares prospective for copper and gold located along proven mineral belts in Chile, one of the world's top mining jurisdictions. The Company’s principal focus is on the exploration of these properties, initially with a focus on the Arrieros property. The Company has a goal of making a major copper or gold discovery within the prime mineral belts of Chile, using best available industry geological and technological methods.
GLTA - 2022 is the year of monetary extraction from equities - utilize every angle!