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EGO: Best US-Listed Gold Stock To Watch In 2020?It was #2 of the top 4 best gold stocks to watch over the last 52-weeks. But compared to #1, which I wrote about on another board, I think the progress it has shown makes it stand out right now. Increased production, big potential reserves, etc. Something to keep in mind especially if the turmoil continues. "RBC Capital recently initiated coverage on the gold stock. The firm rated it at “Underperform” and set a $6.50 price target. In November Eldorad updated its reserve and resources statement. This showed total proven and probable reserves of 384 million tons at 1.32 grams per ton of gold, containing 16.4 million ounces. Inferred resources at its combined properties – Perama Hill and Perama South – also increased by just under 760,000 ounces of gold." Source: What Are The Best Gold Stocks? 4 Names To Know Right Now
NYSE:EGO
by PennyStocks101
Cleveland Cliffs is an inexpensive trade deal recovery playCleveland Cliffs is a mining company with a lot of exposure to China tariffs. The company's earnings took a huge hit this year due to the downturn in steel as a result of the trade war, and the price plummeted. The company should get a nice surge on any positive trade talk news. It briefly made a bullish trend line break Friday when the market thought a deal had been made to repeal tariffs, but it's back down today after Trump said he loves the tariffs and he hasn't agreed to repeal them. (Sometimes I think he's jerking us around on purpose.) Even without a trade deal, this stock is a good bargain at the current price. It's got a sustainable 3% dividend and is financially healthy enough to weather the downturn. It did well on its last earnings report and has unusually bullish options activity. Backward P/E is now about 2.6, whereas before the trade war this traded at more like 10-15. Forward P/E is higher at 6.5, but still well below the 5-year average. Buy this for the dividend and hold it for the recovery whenever our political leaders get their act together on trade.
NYSE:CLFLong
by ChristopherCarrollSmith
3
CHRISTMAS BONUS!!! $25,000 IN 48 HOURS!!! $1,000,000.00 a year is only $2730 a day. $2730 a day is only $110 per hour if you earn money 24 hours a day. If you're only working 8 hours a day, how do you make money in the other 16 hours? You need a business that pays you whilst you sleep. Simple! There is nothing wrong with having a job to pay the bills, but a job rarely sets you financially free. You need a business that pays you 24 hours a day, 365 days a year that you can build in the pockets of your time. Crypto currencies and forex investments opportunities can do that for you.
COINBASE:BTCUSDEducation
by Nettiewhite
5
MLD.ASX Hammer Reversal off a Long Term Trend LineA quick little pop above a long term trend line has retraced and proven the breakout has in fact occurred by return to the trend line from which it broke above. The fat red candle and the fat green candle border some sort of consolidation zone which must have acted as a reversal point. I will be looking for the price action to get above where I have set my stop line before getting into the trade. Once above that mark the trade is active I would presume this is going to begin to trend upwards. First towards the green trend line and the 20 weekly MA. Then potentially as far as closing the gap up at 2.130. Maybe its optimistic but lets wait and see if we can get a trend line to begin so we can trade this thing up with a trend line.
MLong
by MadButcherWA
1
MINING FOR BEGINNERS(CRYPTO) LET ME THROW MORE LIGHT ON BITCOIN MINING... Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere. WHAT IS CLOUD MINING? Cloud mining or cloud hashing enables users to purchase mining capacity of hardware in data centres. Bitcoin cloud mining enables people to earn Bitcoins without managing hardware, software, electricity, bandwidth or other offline issues. Then all Bitcoin mining is done remotely in the cloud. This enables the owners to not deal with any of the hassles usually encountered when mining Bitcoins such as electricity, hosting issues, heat, installation, or upkeep troubles. Bitcoin mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady. Individual blocks must contain a proof of work to be considered valid. This proof of work is verified by other Bitcoin nodes each time they receive a block. Bitcoin uses the hashcash proof-of-work function. The primary purpose of mining is to allow Bitcoin nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce Bitcoins into the system: Miners are paid any transaction fees as well as a "subsidy" of newly created coins. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system. Bitcoin mining is so called because it resembles the mining of other commodities: it requires exertion and it slowly makes new currency available at a rate that resembles the rate at which commodities like gold are mined from the ground. The aim of bitcoin—as envisaged by Satoshi Nakamoto, its elusive creator—is to provide a way to exchange tokens of value online without having to rely on centralised intermediaries, such as banks. Instead the necessary record-keeping is decentralised into a “blockchain”, an ever-expanding ledger that holds the transaction history of all bitcoins in circulation, and lives on the thousands of machines on the bitcoin network. But if there is no central authority, who decides which transactions are valid and should be added to the blockchain? And how is it possible to ensure that the system cannot be gamed, for example by spending the same bitcoin twice? The answer is mining. Every ten minutes or so mining computers collect a few hundred pending bitcoin transactions (a “block”) and turn them into a mathematical puzzle. The first miner to find the solution announces it to others on the network. The other miners then check whether the sender of the funds has the right to spend the money, and whether the solution to the puzzle is correct. If enough of them grant their approval, the block is cryptographically added to the ledger and the miners move on to the next set of transactions (hence the term “blockchain”). The miner who found the solution gets 25 bitcoins as a reward, but only after another 99 blocks have been added to the ledger. All this gives miners an incentive to participate in the system and validate transactions. Forcing miners to solve puzzles in order to add to the ledger provides protection: to double-spend a bitcoin, digital bank-robbers would need to rewrite the blockchain, and to do that they would have to control more than half of the network’s puzzle-solving capacity. Such a “51% attack” would be prohibitively expensive: bitcoin miners now have 13,000 times more combined number-crunching power than the world’s 500 biggest supercomputers.
COINBASE:BTCUSDLong
by Nettiewhite
3
FMC Take-ProfitSell signal at 99.05 $ Timeframe - 1 week. FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. __________________________________________________________________________ You can use the signals independently or like indicator of trends together with other indicators in your trading strategy. Know that the success of your strategy that based on those signals depends from your money management and the additional conditions that you make in these strategies. You use these signals inside your strategies at your own risk. The chart shows the last trades on the product + the last signal. I have several strategies for different products, and I want to show you proof of it works on history, and you will be able to see it, when returns to that profile. Therefore, subscribe and watch for that profile.
NYSE:FMC
by price_and_time
MAH.ASX Ascending Scallop and a Bounce Off The 200 Week MAits pretty scraggly looking, but I'm certain that's an ascending inverted scallop. The bounce off the 200 week MA gives me confidence that this could be moving upwards and beginning a new trend. However before I get in on that trend I would lke to see a close or two on the weekly candle above the level of resistance I've got drawn in. That would then turn into a stop loss. Otherwise I think this will return back to the 200 MA; its already pushing pretty hard against those upper Bollinger bands. The purple dotted line is a rough guess as to where I believe the new trend line will be established. It is important to keep in mind that MAH has been in a long down trend so this trade is only a 50/50. This may just be forming large consolidation zone instead.
ASX:MAHLong
by MadButcherWA
The Monday moveYesterday several indicators was leaning towards a big move today from yesterday’s post (will link below), but I remained bullish and was too busy to pay attention to the charts. Nothing really stood out. After breaking 7024 and now well below 7k. There is now more downside coming soon. Targets of now would recommend a retest of 6.5k and if you been following since the double bottom or first break to 6.5k are long term bearish target is that 5.2k range. Why would it go to 5.2k lower? Well vpvr shows most trading volumes in that area also let’s talk politics. US election is next year with the halving. I predict we rebound to 7k closer to the halving, but more bleeding as Congress is looking towards election instead of regulation of crypto. Will be another slow year till next fall. Also with price the war between China miners vs western miners since China has the cheapest compared to western miners it wouldn’t be surprise if there’s attack of more sell pressure to eleminate western mining farms to control the network. So now we will play the bearish side till next year.
COINBASE:BTCUSDShort
by nathanielx9
BTC MINERS' WIN + WIN STRATEGYBitfinex longs at ATH level and keep climbing. -What happened before at bear market 2018? (Number 1 Situation) When price at $6000 level some miners closed their mining systems because mining was not profitable enough for them. After they closed their system hash ribbons indicator warn us like " Capitulation " ( It means that, hash power that generating from all miners has decline trend.) In other words 30 SMA - 60 SMA are death crossing. Important thing here ; even miners turned off their systems BITFINEX LONGS were growing. At the same time price found bottom before as you see. I am assuming; some miners were sold as much as they can and they dumped the price while they opened long on BITFINEX. (Win + Win) First Win : They have good long position as you see price at $3100-$3500 Second Win : Some miners had to close their machines and they had relative more BTC award from mining. -What i am expect now? (Number 2 Situation) Almost same situation here as you can see. Price is dropping, BITFINEX longs are growing, Hash ribbons showing us " Capitulation " I am assuming that they are dumping price again but they are secure their BTC value at BITFINEX to opening a long. They get lower entry for long. Small miners are closing their machines because they know that its not profitable enough right now. As a conclusion ; I am thinking as a miner, i can sell as much as i can from spot exchange to dump price. And opening a lower long while this is happening. And shakeout weak miners as much as i can. Try to reduce difficulty to get more benefit. SO, its not mean that we found our bottom yet. Still lower price on the table but one more good thing as bull, After miners run out of BTC, they won't sell until halvening. And i am assuming that price will growth. Nothing here financial advice. Follow and like for more. Thanks.
BITFINEX:BTCUSDLONGSLong
by ShinjiOsako
6
BTCUSD: Miner Capitulation Is Here... Back Down To $3,800?The chart speaks for itself. The extrapoled price comes from the "2018 miner capitulation" that caused the price to drop 50%. Will we go back to $3,800? Unlikely, but clearly this is possible if the capitulation is as aggressive as 2018. Notably the VPVR is supporting the price target of $3,800, as is the extrapolation, with forecasted price for the block halving in May 2020 above $6K followed by another swift recovery and subsequent bull-run. This isn't the first theory regarding price forming a higher low double bottom instead of holding the $5-6K area. As published last year, the 50 & 200 Day death cross also resulted in a 50% drop in price in 2014 and 2018, implying a 50% probability of such an outcome (using 4 sets of available data).
COINBASE:BTCUSDShort
by dragononcrypto
BITCOIN | Technically a Strong Area To BUY It.Hi, I have waited for a further price action after "tiny" bounce upwards. Movements have stayed stable and it allows us to determine technically some important areas for further movements. In general, BTC price and the overall price action are not at the best price levels to make precise predictions but still, we have something to start with. Let's start from the beginning and let's start from the most important - Bitcoin price has made a breakout above the powerful down-trendline. As I have said several times, this trendline from 2019 has worked perfectly as a resistance. After a couple of failed attempts to break above it has finally been successful. The recent pump guided the price above the down-trendline, which is also called a counter-trendline and we can call it also "Bull Flag"/"Falling Wedge".Let's talk a bit more about them: *Counter-trendline - multiple times mentioned in my posts. The recent long-term trend has been upwards, from $3128 to ~$14,000. Since it made the $14,000 high, the overall bullish sentiment has been low. Mid-term lower lows, mid-term lower highs, and this movement printed the mentioned trendline. It called counter-trendline because it is against the bigger trend, simple. Now, the price managed to crack it and theoretically, the long-term upwards movements may continue. Sound simple, right!? but it isn't. *Bull Flag/Falling Wedge - to mix it up even more to the bullish side, then more than a month ago (26. of September, you can see it below of this post "Related ideas") I posted a possible movement and a breakout from the massive bullish chart pattern called "Bull Flag": Actually, pretty creepy to watch it because those movements have been pretty similar compared with my drawings about a month ago. At the moment, it looks more like another bullish chart pattern called "Falling Wedge" but the idea remains the same - bullish. So, as I said at 26. of September: "I change my mid-, long-term bearish bias when the price has made a breakout above the upper trendline". It has made it and I will start to look where I can enter into the next possible waves upwards. My eyes are pointed to $8,450 - $8,800. Strong Price Level Criteria: $8,450 - $8,800 1) As said, the price has made a breakout from the bullish chart pattern "Falling Wedge". It is confirmed with the Daily candle close above of it and that should be enough. It has worked perfectly as resistance, also we have a strong candle breakthrough which also shows that the area is strong and now it should start to work as a strong support level. 2) Retest - after the breakout from certain chart patterns, the price has a tendency to retest the pattern. So, we can consider that current throwback is a possible retest approach. 3) In general, the area between two light-blue horizontal lines is the strong area, $8,450 - $8,800. Recently and historically this area has turned the price around. It runs through the trendline which also acts as a support and those two should form a pretty strong support level. 4) Inside the strong area is another bomb - Daily EMA200 should act as a support. The Daily EMA200 has cracked only with strong and powerful Daily candles. Yes, it can break it again (break below) but if those Bart Moves occurs so often then BTC is rigged :) 5) To be punctual, then the strongest area inside $8,450 - $8,800 is the orange prize zone. There is EMA200 and no Daily candle closes inside of it. Let's dig into Daily candles: 4-hour chart 6) 4H Golden Cross between EMA100&200 7) Those mentioned 4H EMAs are between those two light-blue horizontal lines - inside the strong area. Should act as support levels. 8) Fibonacci retracement 62% - Golden Ratio. Pulled from recent pump low to the high and at the moment matching perfectly with our possible bounce area. 9) Subjective channel bottom trendline. Subjective because not so clean as it should be. 10) AB=CD D point inside the marked green area. Also, a bit subjective, not so clean as it should be because of the big candles but it matching with my possible bounce area. 11) Wait for a 4H timeframe bullish candlestick formation inside the marked green area (on the 4H chart picture). Top patterns: Morning Star, bullish Engulfing, bullish Railway Tracks! Okay, those were my thoughts about the current situation after the pump upwards. Possibly, we can see a continuation wave upwards, it all depends - do the retest area holds it or not!? Definitely, it is a strong price level but is it enough? It should be enough, even visually I cannot imagine another Bart move to the downside. As said at the beginning of this post "...BTC price and the overall price action are not at the best price levels...". This is because we are in the middle of two strong price levels. Below the current price, the mentioned $8,450 - $8,800. Above the current price $9,300-$9,500. 9,3-9,5k has been a very strong support level in 2019 and the recent bounce didn't manage to crack it because now, it acts as a resistance. So, at the moment it seems logical that the price takes some rest and it attempts to break it again in the near future. Let's see, at least we have some price levels to follow. If it was helpful then take a second and support my effort by hitting the "LIKE" button, it is my only fee from You! Regards, Vaido
COINBASE:BTCUSD
by VaidoVeek
10