Short term Tezos play up to $2.66 then back down to $1.98.This is just my calculations using Fib circles and Fib lines to guide me on the possible next few weeks' outcome for Tezos. This is just my opinion and not meant for trading advice. Please do your own research and understand that this market is extremely volatile. Given that the Bitcoin halving is just weeks away I believe we could see a move to the upside with Tezos. Now, could we go lower with Tezos in case Bitcoin falls another couple thousand dollars to the $4400 range? Yes, this can happen and if so Tezos will go lower as well. Please be cautious.
Note also that we are about to come in contact with the 50-day moving average and when this happens Tezos usually has broken above the 50.
Opinion
Bsv. False breakout. I hope you’re all okay with that.I never buy breakouts. I’ve been faked out so many times. 9/10 breakouts are fake. Bad probabilities. If we reverse what we due then 9/10 breakouts probability is in our favor. This line was drawn from 2 Weeks age, let’s see if it’s delayed or I’m completely wrong. I’m open minded to being wrong but I’ve learned the market is delayed in decision making.
Currency strength indexI tried to find a quality “currency strength index” indicator on this platform. The indicators were not what I expected. So I decided to make one (without any programming skills in Pine Script). I added to the DXY (U.S. Dollar Index) the other indexes and all together became a “currency strength index”. What do you think guys?
For this you need another monitor or to switch between the pages but is still something:)
Have a nice day!
AUDUSD: possible long scenarioI have short position with 0.6779 stop (check my previous post) and i think if audusd breaks that level i should be with buyers.
..global uncertainty around China seems to have calmed down a bit, also recent RBA's statement had positive note regarding Australian economy.
So joining bulls from 0.6779 with 0.675 stop and 0.687 T/P level provides decent R:R (3.14).
Keep in mind that this idea might be realized in several days and opening long position in AUDUSD results negative swap.
//
Feel free to share your opinion/position via comment and follow me to stay updated.
SPY Ascending TriangleMy chart from a few days ago on the 4 hour is still in play. I'm sticking to my positions. Please, if you are unsure, do not take my word for it. Do your own research before making ANY investment decision.
YouTube: Dumb Money Trader
twitter.com/dumbmoneytrader
facebook.com/dumbmoneytrader (I don't boot people for opinions or satire... political or otherwise)
www.dumbmoneytrader.com
Pick a fence, any is good. It will break upward & why1) Flash crash from mr big and 5 billion, sure of course = fud
2) All coins on bottom line = institutions positioning on the sly
3) Every chart analysis YouTuber all being sheeple as confirmation bias.
4) No retail buyers = institution suppression
5) Watch XRP = know BTC pre movement four hours on ave (from my analysis)
6) Retail buyers have pre orders set 9k barriers
7) world interest rates to follow japan examples of history
8) mega fud on China / USA and world until next political cycle in 2024
9) No profits in bonds = take few years to get back up
10) one domino to rule them all; a currency will fail and it will cascade
11) consolidation in food supplies (reduce size but retain current price)
12) costs always go up and forces a tipping point globally
13) oil prices will collapse before 2024 = global electrification power grids & cars
14) if low interest rates will force institutions into stock markets globally as only profit area = bitcoins’ nitrous oxide
15) the young ones of today see digital not paper money as they click and buy.
16) house prices globally will plateau as affordability calc stop mortgages provisions
17) if you “forgot” and just bought bitcoin in pieces over a year and never checked charts until 2022 at 1% dollar cost Average. Would you care if you then had to Hodl until 2024
18) everything I say here is interpretation
19) I didn’t buy bitcoin in 2008 for 20p
20) I just worked for a decade lost even more, took little to no time off and listened to power elected officials and it turns out what they said was true and we are all in La La land now living the wonderful life
Orange Juice Idea Long JO1!Hi there ! The recent analysis is for Orange Juice JO1!, the most underestimated commodity i think because of low demand. As you see at the daily diagram a possible breakout is ahead the first possible resistance is at the price level of 106,8$ and the second target upward is 110,4$. This buy signal is possibly corfirmed also by Fisher transformation which tends to bouce to 1s above the mean of Gaussian bell. ADX also confirms that signal.
Hope you found this usefull.
This is not an investment advice. Invest with safety.
Time to short NAS100What goes up must come down (even just for a little respite ) . The markets have been soaring like eagles higher and higher on the winds of wishful thinking and flights of fancy .The time is now for a reality check . Alphabet Inc (GOOG) just posted earnings and came up short of those flights of fancy expectations . The strong but vurnerable markets reacted with a rapid drop of over 5% on alphabet Inc stock ... let the nail biting commence , I'm shorting the Nasdaq 100 right now as it needs to let off pressure of buy, buy ,buy and stimulate more action ...Today 30 April is a sell pre market and opening bell for me .If,nay when I find myself in profit I'll set a tp1 of 7,749.6 but hope for more dollars up stocks down. OANDA:NAS100USD
TrendySeems NYSE:ACB aiming to break the 50% fib. Signals are overbought and as we know there's a lot of emotion in the cannabis market and everyone's betting on gains. Seeing overbought is a caution sign, but with millennials being a large driving force with little experience (me included, I've been trading crypto for less than 2 years), things look like they're as risky as can be. We did have a small breakout of my previous resistance levels and entering the next set of resistance. It broke and closed at the mark and hoping this week it continues to climb as all the other major hitters have been this last week. Continuing to monitor news as it relates not only ACB but the market in general. Looking at a channel forming but as mentioned, I'm waiting for a correction to buy more.
Any opinions or links to other ideas are always welcomed.
Disclaimer: I'm a millennial lol
AccumulatingHighly volatile weed market looking to be highly profitable in my opinion. With estimates to be well over 50 Billion I'd be accumulating in trusted stocks right now. Personally I say Aurora is pretty diluted but making aquisitions and setting themselves up for the long term needs to be done while the weed market is fairly new. Establishing a big foothold in various aspects of the cannabis market, again, personally, is a smart move. I wouldn't be surprised if it hits $8.00 USD before mid Feb or even $9 by the end of Feb.
I would also suggest some research and comparisons to competitors and professional analysis. I've been gauging risk and with everything from legal aspects to future prospects in that matter, I feel possitive for anything involving the cannabis industry. High hopes (no pun intended) for the future of $ACB especially since no big deals have been made yet.
Short Trade Opinion fot Cotton ( CT1!)Hi guys. I hope my post finds you all well ! I post my recent trading idea specific for Cotton No.2 CT1!. As we see from digramm we are at a recent bounce back from the upper bollinger until the median, I expect that it will go as far as the lower bollinger with a target price at 72,20 $ . This opinion is confirmed also by ADX indicator which signs a short signal through that crossover from -DI and +DI. Also this opinion is confirmed by RSI which turned down through the last close of market and confirms the sell signal . So 3/3 ! I hope you find that usefull ! Invest with safety. Be well !
Watching for a breakout...As mentioned in my Aurora (ACB) post, the prospect of growth across some of the big players making a mark seems profitable. Risky, but profitable. Planet 13 is another one of my investments and I'm currently waiting to see bigger news, but being that its already had about a 39% growth YTD (July 2018). Largest weed store in Las Vegas...enough said. I'm watching to see if I will be able to pick more up if it breaks down a little or if it's simply just gonna keep rising. As I've mentioned...regardless, buying cheap now in companies that have a lot of growth in sight is a good buy for me.
In political news, Jeff Sessions resigns, Democrats have House and I feel positive on the outlook that there will be more relaxation and acceptance in the cannabis market. This will hopefully continue to drive up prices as more people start to buy based on greater acceptance. I'm looking to see what PLNHF does with its brand.
Bitcoin , and the man bringing it downWhat if Craig Wright didn't exist?? What if BCH forked normally, absent the eventual child like threats by Craig Wright , based on an what began as a disagreement with Roger Ver?
What if Craig Wright didn't threaten to take down the greatest techno-economic instrument and experiment in history?
Not content to "mine empty blocks" of BCHABC - conduct a 51 attack on ABC, DESTROY BCHABC and , after that , Bitcoin itself??
Why did such an esoteric, limited use case currency surge so high, and why did the market follow? Part of the market following can be explained by inter currency exchange and adjustments to prevent arbitrage, yet still, BCH climbed to $650.00. At one point people were paying 650.00 usd for BCH, not all that long ago.
Before long , Craig Wright began to unravel publicly , and twitter account in hand threatened to destroy BCHABC, then BCH , and then Bitcoin. Presumably the entire market, except perhaps for a "Wright" coin.
Is this really happening? An argument over a currency that most consider a liability when evaluating a companies holdings , etc. , has caused doubt as to the eventuality of Bitcoin itself.
He has had help.
We have a European bank executive on record today , taking pot shot's at Bitcoin calling it the "evil spawn of the financial crisis."
This is a surreal day in the history of CryptoCurrency , a sad day for most , a satisfying one for Craig Wright , who has his work ahead of him now, taking your money , your friends, parents , loved ones money - and destroying innovation.
Bitcoin is the child of necessity , not the evil spawn of anything . People have lost money trying to day trade it , it is still in need of protection from manipulation , fake news and bad psychology, and now apparently from Mr. Wright.
How underwhelmingly pathetic.
Mr. Wright , you aren't making any friends. You're public behavior calls into question your knowledge and intent; and if you destroy Bitcoin , I suspect that someone , somewhere will take exception to your existence , just as you have with Crypto. Not me.
No, someone among the many lives you are threatening to destroy. I wonder if you thought of THE PEOPLE? Are THEY to blame as well , on the off chance they preferred anothers vision???
You could not possibly be Satoshi , but I bet Satoshi wouldn't care very much for you.
Caveat Emptor.
EURUSD VERY LONG POSSIBILITY ANALYSIS.I know it is been quite few months to not post any analysis. However, wonderful moments and others.
Take a look at this analysis, whether it's good for you, it is just based on the areas that EURUSD behave.
So 50,50.
Don't make any trade unless looking for long term.
Lots of people see there are head and shoulders. But in reality behave differently since it is obvious for even beginners.
GL and Never Give Up
BTC to 5K? Institutions are loving this! (BTC-analysis) Hello everyone
Today an update on BTC-price action. We will have a look at the TA followed by my opinion on the fundamental news and how the market has reacted to current situation.
TA
On technical side of things, it doesn’t look to good, what are the important things to look at?
-In June we saw a new low since the ATH, these lows are getting lower and the highs are getting lower aswel, this is just not looking healthy at all.
-We have passed 2 major support lines at 6.8K and 6.5K everyone was expecting a bounce of this support levels. It has always be declined. We’ve broken a huge support line 6.8K because the SEC has delayed the decision ( more information down below).
-The next support that we’re heading is the 5.7K. The lowest point we’ve reached since ATH. I think we will break this point aswell, bears have the momentum. The RSI is closing to the oversold area but we’re still not there yet.
-I expect for BTC to decline another bounce opportunity at 5.7K and to near the 5K level. In my opinion is BTC not going under 5K. I think that institutions will get comfortable getting in to this market at these price-ranges. If we go to 5K, BTC-dominance will def be at 50% or more, than we could see back some more transactions going on with alt-coins, some more interested from investors and this could lead to a possible nice uptrend.
Opinion
So we saw today another 8% downfall. Why? Because BTC-ETF decision is delayed by the SEC. unbelievable stuff right here! This isn’t bad news at all! This means that the SEC is really considering its decision to accept a BTC-ETF. Maybe people were scared how the market would react to this news or were scared that there would be a huge sell-off overnight but this is just unbelievable. I’m a bit disappointed in the traders because we’ve proven here that this market isn’t mature at all at the moment. First the NYSE was bullish, believed in BTC, journalist wrote over 100 articles about that, we saw a decrease of price that day! Now the SEC has delayed the decision according a BTC-ETF and everybody losing their minds? I don’t get it, it’s ideal for institutions though. The fact that we are not trading rationally is a huge advantages for the big players. I think that the big players will come in at 5K, we’re on track to reach that point if we continue to panic-sell like this.
Love to hear your opinion on this!
DM's and comments are always welcome.
Leave a like if you appreciated it!
(BTW: i'm a huge bull for BTC in the long run)
[TRX Analysis] Where is the herd?
There are four levels that I am currently watching on TRX/BTC chart on the weekly.
In anticipation for the founder of Tron Justin Sun's "secret announcement" the market has seen a minute short squeeze. Justin Sun has switched his normal spam like tempo to one of more hush and lull leading up to this announcement. With its new found spot light on futures trading site Bitmex.com there is potential for short squeeze to occur from over leveraged short positions. If this plays out I am watching these levels as resistance to the trx bulls. Over 36 exchanges have integrated withdrawals and deposits of the Tronix coin from its ERC-20 token migration. Ledger nano has also begun accepting the coin for cold storage security. Does the herd value trx enough to place their coins under cold storage, time will tell. But scarcity and liquidity deems themselves important in positive price action.