LTC KISSGood afternoon, first and foremost I am not a professional, nor is what I am about to say meant to be financial advice.
Let's look at the daily on LTC . The chart looks intimidating. From my earlier chart I posted that we could hit 150 and boy did we! However, it dropped a lot lower than I thought. I got in a position at 147 average. What I am watching now is the price action and if it drops below 137 and close we will see further selling. I do not think that is a probable but nothing is impossible.
What I am paying extra close attention to is the last candle and hoping that it does not close below the 200 EMA so that means we need to end the day with the candle body piercing that moving average. The next thing to watch is the 100 and 55 EMAs if they cross further sell can occur, but if they just KISS we could see some sideways action, or as I hope, a surge up to the 190-180 range.
For me I have my LTC buys in, so now, I sit and wait for some indication of an uptrend or downtrend.
EMAS
Emas Berpotensi Melanjutkan Koreksi Perdagangan emas ditutup melemah di harga $ 1349.17/oz pada Sabtu dini hari, ditekan menguatnya Dollar AS setelah pernyataan presiden Donald Trump di Davos yang menginginkan Dollar menguat. Secara teknikal area support kuat pertama yang bisa menahan laju koreksi emas berada di area $ 1344 dan $ 1340, Meskipun Dollar AS sempat menguat tapi tetap belum merubah trend penurunannya, dengan demikian secara teknikal emas berpotensi rebound dan melanjutkan trend bullish dan akan kembali mencoba menembus harga tertingginya kembali, perhatian fundamental masih besar mengarah pada tahun baru imlek dimana biasa terjadi peningkatan untuk harga emas, fundamental yang melemahkan datang dari Dollar AS dengan kebijakan proteksi dari pemerintah AS, ditambah kemungkinan The Fed untuk menaikan tingkat suku bunga pada quartal awal tahun ini, jika hal tersebut terjadi besar kemungkinan emas tidak akan melanjutkan rally panjangnya dan berubah arah trend.
BTC possible next retrace levelsSeeing a possible return to trend line and 4H 50 EMA which coincides with the 38.2-50% areas as well. In a wedge formation and could break either way so increased voaltility is highly likely whatever direction it breaks. If it breaks down toward the trendline it could well push further to the 50%-61.8% area, possibly in a fairly messy and drawn out way. Lets see what BTC futures have in store for the spot price.
GBP/AUD - Dominant Trend Reversal & Fibonacci Synchronicity The GBP/AUD pair has endured a powerful bear market since 2001, however, many correlating indicators are suggesting that we may be close approaching a confirmed pivotal change in the dominant trend.
Our first major indicator was the cross of the 50/200 Exponential Moving Averages which occurred in January of 2014. The last time these indicators crossed was back in the summer of 2003 following a massive monthly head & shoulders pattern in 2001 at 2.95000. This "Death Cross" contributed to the acceleration of the bear market following the H&S topping pattern.
We are currently witnessing an identical inverse scenario taking place as we transition into a powerful bull market. Taking a closer look we can see a 2 year descending triangle reversal pattern that formed from April 2011 - April 2013 with 1.4750 acting as the floor. Following the breakout of this impressive reversal pattern, we can take note of the 50/200 EMA "Golden Cross". Remember, the last cross of these EMA's was back in 2003; a solid 10.5 years ago. We have remained in a bull market ever since the most recent "Golden Cross"
The recent price action has been exceptionally bullish; with this pair currently reflecting a massive bullish channel. This channel developed following a complex ABC pullback pattern that occurred after the "Golden Cross"; re-testing the 200 EMA as new support.
Coming up to speed with last week, we had a massive bullish pinbar form at the key Support/Resistance level of 1.9000. This level acted as major resistance at the end of January 2014 which kicked off the ABC Pullback Pattern. We have now re-tested that 1.9000 level as support with a bullish pinbar that is indicating a new leg higher in this bull market.
Utilizing our Fibonacci Tool, we are able to measure and identify that each new bullish drive off the bottom trend-line of the channel has occurred at the .618 Fibonacci Retracement of the previous up-move. Price then went on to target the 1.618 Fibonacci Extension with 100% accuracy.
Keeping this in mind, the textbook price action of the last weekly pullback that ended with a pinbar reversal candle, point to the high-probability of the next bullish wave targeting the 1.618 Fibonacci extension at 2.07500. What makes this target even more appealing is the fact that the 50% Fibonacci Retracement of the last bearish leg down (measuring from the previous swing high at 2.7000 to the descending triangle lows) lies exactly at the 1.618 weekly extension at 2.07500. If this target is reached, broken, and re-tested as new support, this opens up the .618 Fibonacci retracement @ 2.22500 as Target 3.
Last week's bullish pinbar provides us with the proper technical signal to enter a long position on GBP/AUD with 3 logical upside targets. Target 1 being the previous key resistance at 2.000 which triggered the most recent bearish pullback. Target 2 is our 1.618 weekly Fibonacci extension as outlined above. Target 3 is the .618 Fibonacci retracement of the previous bearish leg.
The price of gold will go through $2000/oz at least $4000/ozSteps an Investor :
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1. Buy BOND if recession focus |
2. Buy STOCK if stimulation focus |
3. Buy GOLD if inflation focus |
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The price of gold will go through $2000/oz at least $4000/oz
I'm going to GOLD, i don't care if you say my money sucking by market. will see ya......
EURUSD - Will Draghi Let The Euro gain?In my opinion, I don't think so. The Euro Area economy is not doing too good and Germany is limping. After today's monetary policy I believe the EURUSD will continue the descending trend. A break below the local trend line would signal the fall, while only a break above the 200 ema would signal a rally for the euro.
EURUSD - Nice Price ActionEURUSD corrected, finally. At this point is moving sideways between the 100 and 200 EMAs. Keeping in mind that the main trend is down, we could expect a fall back to 1.3400. Only under this round level I would think that a new low could occur.
Though the trend is down, I am expecting another rally. A break above 1.3450 and a close above the 200 ema would confirm my theory. In this case my first target will be 1.3470 and the second 1.3500.