Get started

Miners

ASX Resource Stock - Salt Lake Potash Limited / Stock has massThis stock was once a "Fallen Angel " and as you will see it has been resurrected. The stock has demonstrated the ability to break above long term Resistance as it has recently done so and traders took profits allowing it to fall back to the "Safe Spot" circa 30 cents only to be repurchased once again. For those understanding Wave Analysis, it can be argued a " running flat" has formed on the Weekly, completing wave 2 of a larger degree. Should price return quickly above the resistance band the likelihood of the Flat is strengthened as is an impulsive W3. The Daily Chart looks promising as well and a pullback to 45cent would be ideal however right now the market is trying to interact with 50 cents. A typical abc correction is well worth watching for forgiven the potential this stock has to make seriously fast and strong moves. Let's see the behaviour over the coming week ......it should be interesting 🇦🇺 💁🏼‍♂️
SLong
by Reward2Risk
2
Bitcoin not looking greatNow many people have been calling for a short in Bitcoin recently and wonder if there is any bearish possibility. Well its the weekend and we seen week volume. A 500btc pump than 3k btc dump from this morning to now. Theres two outcomes atm sideways accumulation or more dumps. Accumulation might be likely, but again we could go lower due to miner reward can't keep up with the zero demand atm. Why would we dump? Well like talked about before after the halving the new bottom is between low 6k to high 7k, yet with inflation you could say the new bottom is 7k and 8k range which backs up the sideways accumulation. TA -i drew a downtrend pitchfork from the high to sidways movement to recent dump. It shows we are in the midzone of great value for bitcoin, yet it is trending down and i suspect a massive move when we get close to the purple line at 8196 roughly. -The support and resistence lines between 8728-8959 is pretty massive which is uncertainty as we go sideways. -MACD is bearish, but it is over blown and could see a bounch back to 9121 before going back down -RSI supports the MACD turning bullish with an oversold zone, yet could go sideways till futher movement down. -We are below the ema, yet most the time we do have a bounch back creating a newer high. I think bitcoin is a great buy between there 6-8k range, but wont be buying till I see further confirmation of more movement. Many people I know are predicting a near 20k btc by eoy, which we didn't 20k we hit in the 19k range, so we could hit 17-18k buy eoy by shorting their expectations. I put a short even tho I'm buying due to the fact the pitchfork points in more downward movement, yet we are close to miners breakeven point.
COINBASE:BTCUSDShort
by nathanielx9
The halving... in perspective. and theory. why does asia sell?We know halving is block rewards cut in half for miners. (do we acknowledge the price still will not be affected until miners refuse to sell for low prices? In my title I mispoke. They do not actually want to dump it. they want to sell into it as much as the others will buy. Are miners selling? well we can see asian sessions are full of selling 9/10 times. most miners an. d whales are in asia and inverse to london and usa bullish sessions. . If I were a miner. I would not hodl when there is plenty of liquidity from people raving about the halving taking us to the moon. (in perspective. the last 2 halving had a prepump high... then a dump to retest lows just before the event. So far an identical pattern and look.) 3rd times a charm? Why would miners sell though? It is their business. times are tough for all and bigger miners can afford to sell much lower than smaller miners. They can effectively run them out of the market for the future competiti.on of the reduced rewards. They could later easily insght a true bull market but rebuying at the bottom. This is just food for thought. I am just spinning my wheels. one thing I am sure of though. bitcoin has always been a contrarion mover. Bakkt/china/consensus/ - dump it. Iran war. pandemic. tether finex FCC case - pump it. Crazy bitcoin. just crazy. maybe it is true what they say about the psychology after all. Good luck. have fun
DERIBIT:BTCUSD.P
by Gunslinger2005
Ahrvo Daily Movers ⬆: B2Gold CorpWhat is B2Gold? B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 81% interest in the Kiaka Project in Burkina Faso. Furthermore, it has a portfolio of evaluation and exploration assets in Mali, Burkina Faso, Colombia, Namibia, and Finland. B2Gold Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada. Ahrvo Stock Scores BTG has been a top 50 stock on Ahrvo for over six months. B2Gold is rated STRONG BUY and has an AhrvoScore (overall score) of 99. Over the last 3 months, B2Gold’s Momentum Score, Quality Score, Value Score, and Growth Score have remained stable at 99 (flat), 88 (flat), 89 (+1), and 100 (flat), respectively. Out of the 7,000+ companies we cover, BTG’s Momentum Score, Quality Score, Value Score, and Growth Score ranked in the top 1%, 12%, 11%, and 1 %. Relative to competitors, B2Gold ranks higher across all stock scores: AhrvoScore 99 vs. 58, Momentum Score 99 vs. 82, Value Score 88 vs. 43, Quality Score 88 vs. 37, and Growth Score 100 vs. 41. Our Take We are experiencing the largest devaluation of currencies in our lifetime. Over the last month, monetary and fiscal policy officials across the globe have turned on the spigot- substantially debasing their currencies in an effort to support coronavirus riddled economies. In the U.S., the Federal Reserve has injected $8 trillion of dollars into the economy, while the U.S. government has plowed an additional $3 trillion. In Europe, the Italian government is spending $900 billion, Germany is spending ~$800 billion, while Spain and France have allocated $200 billion and $121 billion, respectively. The European Central Bank is injecting nearly $1 trillion as well. In Asia, the Bank of Japan doubled its ETF purchases to $114 billion and the Japanese government is injecting $1 trillion into its economy (20% of GDP). All of these things are bullish for gold, which is fixed in supply and tends to perform well during economic uncertainty when government officials resort to devaluation. Bank of America analysts have placed a price target of $3000 on gold, 73% higher than the current price. As a miner of gold, BTG is poised to benefit from the rise in prices. The correlation (relationship) between BTG’s stock and gold is moderate at .61 but has been trending upwards since the beginning of April. After a pullback last month, BTG price action has accelerated, up 85%. Gold was up 16% over the same period. Given the run-up in price, BTG’s relative strength indicator of 68 is approaching overbought territory and may need to pullback before investors take a position in (buy) the stock. On a year-to-date basis, Gold is up 13%, while BTG is up 25%. -Appo Agbamu, CFA This material is for informational purposes only. Under no circumstances should any information or materials presented be used or construed as an offer to sell, or a solicitation of an offer to buy, any securities, financial instruments, investments, or other services. Any investment made is at your sole discretion. There are many factors that you must consider when making an investment decision, including, but not limited to, product features, risks, whether or not an investment meets your investment objectives, risk tolerance, and other personalized factors. Investing in securities involves risks, and there is always the potential of losing your entire investment.
AMEX:BTGLong
by AhrvoStockApp
XAUUSD GOLD Long Term OutlookFirstly, If you like my analysis, please leave me a " like " It is forming cup at the moment. And if it will pull back will be forming "cup with handle" Of course there are several options that the price may follow such as, it may form only "cup", or may do a fake breakout pull back and continue. I will try to explain how i see the movement. The price started to stall or will on $1793. and pull back is expected to 0.38 or 0.5 of Fibonacci level. For its healthy, I would expect a pull back till around $1400. Target Price will be around $2275. If the price decides to rise up till pivot, the pull back is expected till around $1500 and target will be $2500. As a results, technic may say too many targets and may give different outlooks. I am not advising you buy or sell, just share my how i look might help you.
FX_IDC:XAUUSDLong
by TheBullseye
FRESNILLO PLC ReversalThe stock LSE:FRES - Worlds largest primary silver producer. The thesis XAUUSD has been on a pretty strong run over the last five years, and always does well during turbulent times or when banks turn to QE . There's every indication the FED & other central banks will be printing money like it's going out of fashion over the next few months/years. Silver prices follow Gold (with higher delta) and silver stock prices follows silver (with higher delta). The GOLDSILVER ratio just had a blowoff top signalling a potential reversal in fortunes for GOLD's shiny little cousin. The TA Poking it's head above a 4 year trend line after a high volume inverted hammer at a key level of long term support potentially signals a reversal.
LSE:FRES
by joepegler
1
Cup and Handle Breakout on $GLD $GDX #GOLDIt is difficult to see the handle, but it there. I consider it an accelerated form of a handle given the crazy volume and price action during the virus outbreak. If 2009 - 2011 are any clue, then bonds should start dropping with interest rates and inflation expectations rising. This should boost gold. Remember that we have had some massive blocks over the previous sessions. VOL (K) | PRICE ($) | 🔼 --------.-----------.---------- 📈 $IAU --------.--(APR07)--.---------- 7,000 | 15.79 | 💚 +1.99% There was a 7 million market buy block on April 7th for IAU, absolutely incredible. This has the juice to move the price to gold 200-300 points, which is in line with the measured move for a cup and handle formation. thepatternsite.com
COMEX:GC1!Long
by mortdiggiddy
LONG Cup and Handle Breakout on $GLD $GDX #GOLDIt is difficult to see the handle, but it there. I consider it an accelerated form of a handle given the crazy volume and price action during the virus outbreak. If 2009 - 2011 are any clue, then bonds should start dropping with interest rates and inflation expectations rising. This should boost gold . Remember that we have had some massive blocks over the previous sessions. VOL (K) | PRICE ($) | 🔼 --------.-----------.---------- 📈 $IAU --------.--(APR07)--.---------- 7,000 | 15.79 | 💚 +1.99% There was a 7 million market buy block on April 7th for IAU , absolutely incredible. This has the juice to move the price to gold 200-300 points, which is in line with the measured move for a cup and handle formation. thepatternsite.com
OANDA:XAUUSDLong
by mortdiggiddy
2