Event
Long Term Bear, do not hold 3x futures based productsI enjoy trading DRIP and I believe long term, oil is worth less than today. ESG is a movement that will continue, especially when it comes to China and India's eventual and inevitable higher participating in the space. Day trade DRIP, but do not hold. The issue arises from the cost to roll the futures and the cost to leverage the future or ETF into a swap that returns the 3x. The cost is high, the slippage is insurmountable, and the product will deteriorate even if you chose the correct trade. Examples of this are everywhere. Trade events and noise, it is a risk / reward play. Saudi oil field was the last great play for this product, any large move up in CL1 would be a short term long DRIP. If you chose to trade the technicals, do not use the ETF, but CL1. This includes USO, this will also deteriorate away from CL1.
**no position, but always waiting
**happy to share further details on this topic and how these products function
US Dollar Index Weekly PredictionSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
US Dollar Index weekly Prediction
Chart time frame - H4
Timeframe - 1-2 weeks
Actions on -
A – Activating Event
US Dollar Index will see another bull run this week.
B – Beliefs
Market will be rejected at @12276 level however consolidate and then move towards the first Target 1 level @ 12315.
Trade Management
Entered @ Still waiting for confirmation
Stop Loss @
Target @
Risk/Reward @
Happy Trading :)
EURGBP BUY OPPORTUNITY. EVENT TRADING - BoEBank of England (BoE) meeting minutes 12:00 UTC today (2nd August)
Two Catalysts for EUR/GBP
1) BoE will announce its interest rate decision at 14:00 UTC+2 on 2nd of August. Markets are pricing 80-90% implied probability of a rate hike to 0.75% (it is 0.5% now).
From reported economic indicators, the unemployment rate remains glued at 4.25% and wage growth has decelerated compared to latest inflation report from May ( from 2.9% to 2.7%). Core inflation has also surprised to the downside.
Calculating using the futures contracts, markets have priced in the rate hike, therefore there should not be a gap up if they hike. In that case the market would react more on BoE outlook of the economy and economic projections, and there is a chance they will not be as good as markets may expect, as expectations right now are really high, Which gives me grounds to believe that even with a rate hike there is bigger change of a gap up of EUR/GBP (weak GBP) than gap down.
And if they surprisingly do not hike, then than would be a hell gap up omg that would be awesome.. :D
2) You can also see that EUR/GBP is on the up trend and is approaching lower trend line, which is a huge support for this pair. That means that there is a technical catalyst for EUR/GBP to go up.
TRON/BTCAn analysis for TRON on request by one of my followers following main net launch on May 31st.
We broke the (black) downtrend on 20th March and had a nice upward movement afterwards.
Subsequently the (red) uptrend was broken and we bounced on major (blue) horizontal support which gave us a higher low and a new (blue) uptrend.
Don't chase the market, know what you want to see, wait and let the market come to you.
So what do I want to see before opening a trade?
We have take into account these possible situations:
1) We go straight up to (red) resistance and 0.382 Fib (light green) --> no position taken (red arrows)
2) 12H candle closes under 0.236 Fib (red) and we break the (blue) trend line --> no position taken (red arrows)
3) 12H candle closes under 0.236 Fib and we retest the (blue) trend line. In that case we look for a reversal candle that indicates a bounce on the trend line and the continuation of the upward movement --> Long position taken (green arrows) with stop loss under blue trend line and 0.236/0.382/0.5 Fibs as Profit
Now we do the 'fun' part, we wait.
Bitcoin crossing multi-trend star event horizon into 2018It can be seen that a decision occurred on around january 28th 2018. This is a pivotal event horizon of all trend lines of the last 6 months. Now bitcoin price is moving past all measured trends lines which were established during the december rise. It seems major groups of traders (people, bots and Big Data A.I.) had their vision set on certain linear movements but this is proving to be an incomplete assessment due to human psychological tendencies of the types of people who are technologically more aware as compared to the mass of humanity. Such people are forming various new crypto-trading communities and have a profound advantage over the average and even advanced traders of traditional markets, so long as they remain outside of the popular data-mining schemes of business behind HCI. This is because their technological approach is a mirror of their psychology: decentralization, meaning shared insight in real-time over significant economic events. The price of bitcoin can indeed rise indefinately if all such trend lines are surpassed because the traditional established systems have lost control.
Long Analysis backed by upcoming events-ARN/BTCUpcoming events later this month- Lobbying with Aviation Authorities ;
Token integeration ;
Pilot and company App public launch.
The price action has entered the maturity phase of consolidation with price unable to breach the support(neon green) level.
A bit of divergence has been observed in RSI and MFI marked within the vertical lines.
A movement from the squeezed bollinger bands may be expected with an increase in volume which may be expected due to upcoming events in the instrument in discussion.
Trade may be taken if a bullish break out of the flag occurs.
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DISCLAIMER : THIS IS NOT A FINANCIAL ADVICE BUT THE BEST POSSIBLE PRICE FORECAST ACCORDING TO US. PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ACTIONS.
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Good luck! :)
Anarchapulco has started, so is BCHLast year, DASH made an astonishing pump during and after the Anarchapulco in Mexico. Reason? DASH was the main sponsor of this event. The same event started yesterday and sponsored by.... Bitcoin.com. And we're already seeing small pumps on BCH since the event started yesterday. Anarchapulco is closing this monday.
I'm holding till Monday/Tuesday and hoping for a pump during or even after the event. I'm NOT telling you that you should invest, but it's just an idea for a small trade. Quite a gamble, but isn't it all..
Tomorrow 15th. #nxc #BTV #beyondthevoid #nexium #bitcoin #cryptoTomorrow 15th. it will be the first beyond the Void tournment.
Normally, when they are in an event, they share good news and jumps.
Good luck
VRX Medium Term TAVRX pushing towards the Avg. Analyst Estimate of 38.10.
News & Analyst driven. Volatile.
$38.00 PT -
Breakout over $38.15 is a clear strong buy signal.
Rejection is a short back into the channel.