DXY test 99.19 40/60% on this make up.
40% of me thinks we test 99,19 with a last dance type of rally
60% of me thinks we are f*cked in the US and the recession is OTW by July 4, 2020.
we can win on both sides however with a 99.19 test THEN the plummet.
DXY has been bought by all 4 session today as the last 2 4HR candles end bullish.
NFP is tomorrow as well to make matters sticky.
Tomorrow is first day EU banks will be open in since Friday of May 29.
Safe trading!
OR
BTCUSD, 60 - Where's it Going?This has to be a quick update as I think the price is IMMINENTLY about to explode, one way or the other. We've got an almost perfectly symmetrical triangle formed on the 1h chart after the big run-up the other day.
This generally means confusion and un-certainty within the market and analysts can struggle at this point to know which way the move is going! It will break out, it will break out very soon. Up or Down is anyone's guess!
If we had to call it - we'd go Long at this point, based on two factors, the fact that the recent general trend is Bullish, and with the halving approaching quickly many people are going to be jumping on the Bitcoin wagon! Simple supply/Demand!
Good Luck & Happy Trading!
-theCrypster
[$GOLD] L'or en grande forme !Dans ce contexte tinté de coronavirus, guerre d'informations, taux négatifs et autres magouilles géopolitiques en tous genres, l'or réalise sa fonction de valeur refuge et une analyse du graphique le démontre !
Depuis Octobre 2018, l'$or a rebondi sur une oblique haussier long terme et réalisé une impulsion caractéristique des modèles de Ralph Nelson Elliott avec ses vagues Elliot Waves en 5 temps.
Visiblement nous sommes dans une dernière poussée haussière vers les plus hauts historiques établis en 2011 ( la crise de 2008 avait formé le point de départ de l'envolée de métal si précieux !
On surveillera les prix autour de 1800$ dans ce cas de hausse.
Stay safe , peace!
CROSSROAD IN THE NEXT EVENT AND MARKETS The chart posted is that of the hourly SP 500 the drop to a perfect low in time spirals and price based on long term FIB 1974 LOW TO PEAK .382 pullback and near perfect 50 2009 to peak FYI NYSE WAS PERFECT. has now rallied back to a three wave rally back to a 50 % and was off the spiral low dates 3/21/23 and 4/ 2 spiral in time . We now have two views .First THE FRACTAL of the drop 2007 to 2009 is one of four long term decline dated back to 1783 . and if the fractal drops from here we would match the 2009 JAN 2009 PEAK and the drop would take out the low 3/23 and would drop to 2034 .Second much more bearish is we rally and go to a high all time record high as we hit top JULY 2007 CRASHED TO JULY 16 2007 RALLIED TO OCT 16 2007 THEN WE WOULD DROP OVER THE NEXT 512 DAYS TO 666 TO 745 IN THE SP . I AM NOW 75 % SHORT AS OF THIS POST INTO MCO 4/8 AND PREMARKET 2766 MY STOP IS 2812 .BEST OF TRADES WAVETIMER
GOLDGOLD strongly reacted to the weekly demand zone at 1468$ and is now near to the monthly supply zone.
If we break the blue Trend line:
-Price will first retest the last daily demand zone at 1626$, where we might find a few bulls again trying to push the price higher. (This could create a range between last daily supply and last demand).
-If price breaks this zone, market will go retest the last weekly supply at 1468$.
If price keeps going with the TL:
- Monthly supply zone is quite large (1670-1800), meaning that we could find bears a bit everywhere in it. So, it would not be advised to keep buying blindly gold.
If price breaks the last weekly demand zone at 1468$:
- We will find the next level at 1305$.
For you to know : GOLD is still in an uptrend in monthly and weekly TF, the price has just reached super dangerous levels that no one can ignore, and could lead price to some kind of retracement.
Trade safe,
AT
ACCUMULATION BTCWE ARE STILL FOUND IN AN ACCUMULATION AREA, WAITING FOR A GREAT MOVEMENT OF THE BTC PRICE
INTERESTINGLY THE PRICE FORM A "PATTERN"
SIMILAR TO THE PRICE OF (JUNE 5, 2019)
I DO NOT CURRENTLY HAVE AN OPEN POSITION BUT WITHIN 2 WEEKS OR 1/5 I WOULD OPEN POSITIONS WAITING FOR IMPORTANT MOVEMENTS
AUN NOS ENCONTRAMOS EN UNA ZONA DE ACUMULACION, A LA ESPERA DE UN GRAN MOVIMIENTO DEL PRECIO DEL BTC
DE MANANERA INTERESANTE EL PRECIO FORMO UN "PATRON"
SIMILAR AL PRECIO DEL (5 JUNIO 2019)
ACTUALMENTE NO TENGO UNA POSICION ABIERTA PERO DENTRO DE 2 SEMANAS O 1/5 ABRIRIA POSICIONES ESPERANDO MOVIMIENTOS IMPORTANTES
FET Pump or DieFET forms descending triagle on the end of Massive falling wedge. In few ours/days, we will know the result. I think, that FET is going to pump, because ONT pump from the same situation. Secound reason is, 95% of altcoins are pumping, so FET could be next. If not, PLEASE use STOP LOSS 600-590sats.
#XRP a different look... BULLISH Backtest?Ain't nothing but a backtest?
XRP/USD Bitstamp weekly chart of what looks like a crazy potential backtest or resistance line from beginning of 2018.
Did a measured move and funny enough put me around $1.10 range and back onto the bullish uptrend line. But we would need a very strong bounce from here on large green volume.
Some bear signs at the moment is the weekly RSI trendline, still early in the week must have a rally from here to get back above the trendline before sunday close.
P.S. The bear side would be a clear break of .22 cent area on large volume would have you at least testing .14-.18 but i am more favoring the bulls but who knows with BTC if it decides to do what it does.
-Not Financial advice just a blog of my thoughts for fun.