Two-level head and shoulders indicates strongly bullish signalI remain bullish on RUNE (THORChain) both fundamentally and technically.
Look at that nice two-story head and shoulders on $RUNEBTC.
Assuming that BTC holds around 50k per coin, the upcoming THORChain movement may result in 20-40$ per 1 Rune in this summer or even late spring.
In general, RUNE is extremely technical in terms of price movements and reactions.
It is a pleasure to watch her follow all trend lines and levels.
Cross
EU, I SEE YOU!Hey Traders,
Thanks for checking out my AQZ analysis on EURUSD on the weekly time frame.
I'm looking for bulls next week!
Looking for a retracement to Preferred
Entry Zone 1.21126-1.20992
At this level, I will be looking for
justification to buy on smaller
time frames!
I will follow up on this idea.
I am not a financial advisor, just the creator of AQZ...
AQZ speaks a language, I translate that language in my analysis.
Much love and God Bless!
Undervalued Bitcoin - A lot of room for capital gains According to PlanB's Stock to Flow Cross Asset Model (S2FX), Bitcoin (BTC) is still undervalued by 35% as of now and the fair value of Bitcoin will climb further in the next month.
The S2FX model predicts a Bitcoin price of around 280k USD by end of 2024 at latest. What we saw in the last weeks is a lot of buying activity of institutions like Microstrategy, Square and Greyscale Bitcoin Trust driving the prices higher and higher.
My personal opinion is that this is still the beginning of the big Bitcoin pump in the upcoming month. More and more institution start buying bitcoin against a hedge against the endless printing of FIAT money. FOMO (Fear of Missing Out) is following.
Mexico failed breakoutAn interesting way to see how countries are doing is by the iShares of the country.
Mexico had seen a breakout, but very quickly gave that up, creating a failed breakout.
Next support & resistance levels are drawn in the chart.
50sma and 200sma look like they will start trading together.
Mortality rate there is the highest in the world unfortunately.
EUR/USD 🇪🇺 🇺🇸 to FALL!EUR/USD 🇪🇺 🇺🇸 was rejected by the 1.18639 lvl and formed the Double Top pattern. The bearish cross of 25&50 ma and the rejected swing at the ROC suggest that the pair is going to break the 1.18067 levle and decline down to the test of 1.17915.
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EUR/CHF🇪🇺 🇨🇭 to RISE and test the 1.07344 level.EUR/CHF🇪🇺 🇨🇭 is rising in the Upward and we see that the price is coming back to the channel. According tot he bullish cross of 25&50 ma , ROC 6 swing an crossover of the Stochastic the price is going to test the 1.07344 level.
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Will Bitcoin drop soon?Bitcoin price is trapped in a rising wedge, the boundaries of which are alternately supporting and resistance levels. At the moment, the chart is near the lower border of the wedge, which is also the main resistance at the current moment. In the event of its breakdown, and the price-fixing below it, the chart will begin to descend straight to $9,100.
It is clearly seen that the bulls have been very weak over the last month. They have never been able to reach the upper line of the wedge during this time, which once again, convinces us that our forecast is correct.o
Additionally, there are some more signs that signal a fall, namely, the intersection of two exponential moving averages on the daily timeframe.
Historically, every time the EMA20 crosses the EMA50 line from top to bottom, the Bitcoin price falls and goes into a long downtrend. A similar situation is happening now. The intersection occurred on September 10th, and it is just a matter of time to see a new collapse in Bitcoin quotes.
SPX vix results refelected on this chart PAIN & GAINIt might sound crazy, but if history is relevant to today's bull market. Then, we could see a bull market the likes of which no one have seeing in our live times. But,
what about if we do not ???? what about if we get some of the less readings. time will tell the story. CHARTS FOR THOUGHT !
wish you all the best.
We expand the possibilities with NZDJPYWe have already seen the breakthroughs in AUDUSD and NZDUSD.
AUD and NZD are the strongest currencies against the USD.
We expect this trend to continue for the time being.
In this regard, this is another opportunity to enter and expand NZD profits!
Technically, the price has bounced off support and we expect it to reach resistance levels:
0.6632
0.6711
0.6790
For more information and specific parameters contact us!
Bitcoin VS USD on 06.23.2020I'm not a financial advisor, Don't buy or sell bass on what I'm saying... I do own some Bitcoin and I think it has a great future, this future may or may not be that great so PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY...
I have recently posted a new and my 2nd attempt at a real indicator two weekends ago...
It's called "The Complex"Red Line" vs Simple"White Line" Moving Average "Beta" the same basic idea as my 1st indicator but it looks at more moving averages... My 1st real indicator is called "Hello VWAP"... It takes a couple of "SMA" with the "VWAP" and combines them in one white line on the chart...
On the daily chart, The price of Bitcoin has gone into a wider BB after yesterday's power move... You really can see it over on the daily chart, but back to the BB... It's based on the ohlc4 prices... The price of Bitcoin is holding my indicator and even have bounced off it 1-2 times today, so I am looking for a higher price to come sooner from later... The MACD is using the Simple line in red on the chart, it's the same coding that I use for the "Hello VWAP indicator" and it's looking like it's going to come down for a little while... But don't forget it's just the hour chart!
Now on to the Day chart, The price of Bitcoin has just made a power move back two days ago and has not come back down under my indicator... I'm thinking this is a new lag to the upside, look back to the last time that Bitcoin did make a move up and over the two lines that make up my indicator... Yes, it did dick around for a bit, but over time it did make a great move to the upside... But this time I think it's looking better because we are coming out of the COVID lockdown in at least in some parts of the world and there has been a lot of money being used to help the economy out... Also, see what I am seeing on the SPY chart "it's in this (idea page, just under about Bitcoin)" Back to the chart and to the MACD it's using the "Complex line "white" on the chart to do its math" and the colour just change in the last two days which is helping me to confirm the move to the upside...
But using the MACD and the Simple line in red on the chart things can be looking a bit better, but if you want to play it a little safer this may be the way to go for you... But again PLEASE DO YOUR OWN HOMEWORK
Now on to the SPY index, I'm just doing the day chart for now!
It's looking to be the move to the upside may be coming to a close soon, because the price of the SPY is coming back down to my indicator... and it has tested it two times over the last 4 weeks or so and using the MACD that is doing its math on the complex line "white line on the upper part of the chart... It's starting to come very close to crossing over and making a death cross soon...
Note if you want to chat about my indicator or just about anything that is related to trading overall, just send me a DM ... Thanks for reading this post and happy trading!
This is my look at Bitcoin VS USD on 05.28.2020I'm not a financial advisor, Don't buy or sell bass on what I'm saying... I do own some Bitcoin and I think it has a great future, this future may or may not be that great so PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY...
This is my look at Bitcoin Vs USD on 05.28.2020
This is an experimental indicator that I have made and testing it out... It is using the EMAs the white line is 13 EMA, the green line is 55 EMA and the yellow line is 89 EMA ...
The points going pass is a future guess by the experimental indicator and the way it works is if it's pointing down like the white one is on this chart, to me, it's suggesting that Bitcoin is going to head higher in the next couple of days and using the RSI and the MACD that should be happening sometime over the weekend or early next week has helped to confirm that for me...
The points going pass is a future guess by the experimental indicator and the way it works is if it's pointing up like the white one is on this chart, to me, it's suggesting that Bitcoin is going to head down in the next couple of hours and using the RSI did have a couple of death crosses over the last day or so and the MACD looks like it will have a death crosses any time now!
What do you think about this, a good idea or a bad idea?
HMMM..here is something for a few cents up to 50 EMA it might break but don't think it hold to form new support but these crazy time who knows volume looked descent today but ended in a tug of war Cross... worth a look in the am