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BITCOIN STATE OF THE UNION - THE BIG SHORT!My fellow TradingViewians - It appears we are at a great crossroads within the world that is Crypto. If this trend continues - we will have completed a complete bullish reversal on and most likely will be headed down to catch around 1750's. I have hesitated to release this chart being that I did not want it to be self fulfilling, however, this unforeseen recent spike this morning almost all but guaranteed it would happen. Please be prepared. Go to your Target and buy as much as you can in Bitcoin while it still carries value over $2k. Amazon accepts Bitcoin too. There will be blood in the streets and on the chart while we witness carnage to our beloved cryptos. Hopefully there will be a few shooting starts that we can float down the river and our dreams within - and I will lookout for those daily. Stay Cryptic Ya'll. BK
COINBASE:BTCUSDShort
by bdkelly1203
15
Rough Rice RR1! Longterm Call As we are on the brink of the next cyclical recession food security has become more of a concern than ever. One can see the inverse correlation that rice has exhibited over the last 15 years being an extremely inelastic good as it is the most consumed grain in the world. In the last 14 years the value of this commodity future has gone up over 250% versus the most widely used currency in the history of mankind, what does that say about the purchasing power of the dollar? The system will crack, inelastic sustenance commodities will experience hyperinflation. The last chart I made on Rice in early 2015 I claimed that it would bottom out at 9.2 and I was off by .1. Let's see how it goes, best of luck to all! And remember this market is relatively low volume and has extremely violent gaps so be careful with using leverage. Regards Rahul Andra
RLong
by RahulAndra
NOT IF.....BUT WHEN THE DOLLAR COLLAPSES - BE PREPAREDRon Paul Signals for an Economic Collapse: youtu.be "The probability of a major dollar crisis is very high. Things are mirroring the conditions that existed in 2008 except much worse. Russia and China have stopped buying treasuries and are now bypassing the Petrodollar and buying oil directly from the Middle East. China has started their own International Bank to compete with the IMF and World Bank. So far they have signed on 150 + countries as founding members of this new Bank. They plan on backing their currency with #gold. They have even convinced most of the US allies to join this new bank, including UK, Germany, France, and many others. The dollar is losing its status as the Worlds reserve currency which is a death blow. Many of the top financial people in the US that predicted the 2008 crisis are getting their money out of the dollar and recommending that others do the same. Even Jamie Diamond the head of JPMorgan Chase (the largest bank in the US) has said he expects a major event to take place with the dollar very soon. Look at this article on JPMorgan: www.globalresearch.ca The dollar is not immune from the laws of economics that have existed throughout history. All fiat currencies eventually fail and the sign of the end is when the central bank (the Fed) of the country starts printing so much money that the debt becomes unsustainable. Even the US Treasury just came out with a report that said the US debt is unsustainable and will cause the dollar to crash unless congress balances the budget immediately. Congress is not capable of fixing this problem." - ProjectClarity This is something to seriously consider and prepare for as it can lead to the trade of your life time. Personally I am looking for a strong bullish candle and a clear close above the T-Line on the weekly/monthly #GOLD chart, which might be occurring right now. The T-Line is the 8 EMA which is the BLACK line on the chart and what it does is that it captures the most current trend in the market. Any change in investor sentiment would be reflected as a clear break of the T-Line through a strong bullish or bearish candle. To learn more about the T-Line visit: youtu.be Good Luck and Happy Trading :) // Carl_G
FX:XAUUSDLong
by Carl_G
BBY Earnings Play; Unbalanced Iron Condor W/ $0 Upside RiskBestBuy has been consolidating since the beginning of July. Earnings are due tomorrow before the opening, and our IV% is at 56%, so I am looking for a play here to collect a credit. Historically looking at BBY we can see usually see a slightly bullish move after earnings (EPS, which is usually beating estimates). Because of this, and being at the top of this range with our other indicators showing bullish momentum as indicated on the chart, I want upside protection, while I expect the range in BBY to continue through expiration this Friday. All that being said, and what is shown on the chart, I am selling for a $0.50-$0.55 credit the 25/29.5/34.5/35 Put/Put/Cal/Call. This means if we break out from here, not only will I likely be putting on another bullish trade to take advantage of the breakout, but I will still have a small (VERY small) profit. That however beats a loss. Ideally, we would like volatility to collapse and BBY to stay between $29.00 and $34.50, but anything above $29.00 would be acceptable.
NYSE:BBY
by TheProfitcy