XAUUSD 8/30/19 More correction to come. I think that this correction will continue to retrace maybe bouncing off of the psychological barrier of $1500 or maybe bottoming out around $15100 as it picks up a weekly and daily pivot point. Following this move I expect it to be full steam ahead based on the fundamentals for the global economy .
Pivot Points
BTCUSD 8/22/19 Forecast Continuing BearishIt looks like the BTCUD will continue downward since the current trend is downward because it is making lower highs as well as lower lows. I think it will test and break through the 100 EMA around 9600 further down to the missed weekly pivot point near 8600. It also looks like we are forming the right shoulders of a head and shoulders pattern.
Possible bullish continuation for BTCUSDThe bear flag on the BTCUSD 1D broke south with a price rejection short of 11,000. I expect price to come down and bounce off of the 100 EMA . If it breaks through the 100EMA I can see it possibly going all the way down to the missed weekly pivot around 8600 before rebounding.
There is also what looks like a small head and shoulders that may be setting up on the 8Hr chart.
BTCUSD 1D Bearish Flag forming It looks like there is a bearish flag forming that may break south after testing the 50 EMA and daily trend line close to 10,400. If it breaks the trend line of the ascending wedge and breaks through the level of support and psychological barrier of 10,000 it's next possible level of recovery would be the 100 EMA followed by a weekly pivot point at 8500 . I do not expect it to close past the 200 EMA.
BTCUSD 8/16/19 Market ForcastAnalysis of the daily BTCUSD market. It appears that prices have rebounded off of the 100 EMA . The next major hurdle for a bull market would be for it to close above the 50 EMA. If the the 50 EMA is able to successfully act as a level of support I expect the market to rise to the level of the weekly pivot point around 11600.
Multiple Setups in XAU / XAG - Flags, Support and Resistance- The setups shown in this video are all in Hindsight. I did not take all the setups detailed in the video.
- Learn to train yourself to see these examples by going through Price Action from the past and you will be able to see these form in real time and react accordingly.
Common names people give to thses setups: Supply and Demand, Support and Resistance, Pivot
*All those refer to the same thing. They are all areas where Price is MOST LIKELY TO REACT from since it has react from the area PREVIOUSLY.
Since Price previously has react from an area before, That area will become our area of interest where we look to do business. Upon a retest, we expect Price to react in a similar fashion as the last time.
XRP's bull/bear transition Pt. 33Doing analysis on XRP- since my last couple videos, we've returned to support and the market is in a consolidation period. Bulls are looking for entry, and Bears are becoming increasingly nervous- you can tell by the severity of dips after short term support is broken. Currently we're seeing higher lows on smaller timeframes and an oversold stochastic on larger timeframes.
We're also at support with BTC/XRP, and SBI is going live on July 31st- so to me, it's not if it's a good time to get XRP, but when.
I'm looking at a tight stop entry in the potential near future with aggressive stops, and failing that, a broader entry around support after price touches .28
Thanks for watching, let me know what you think.
Gold and Bitcoin have IDENTICAL market cycles! Well, looks like my viral chart was stolen and reposted without getting credited. If anyone has marketing experience shoot me a message. It's nice to know that my ideas can get big on their own merit, I'd like to see what happens when I have a significant following to boot.
XRP's bull/bear transition Pt. 32Very interesting commentary from Steven Mnuchin, Trump's sec of the treasury, using the phrase "level playing field", also spoken by Trump, Christine Lagarde, Brad Garlinghouse Judy Shelton (Trump's Fed pick, who suggested a tokenized distribution of the gold standard) and now Mnuchin. Very interesting stuff.
XRP's bull/bear transition Pt. 31Today we'll be looking at the slightly bullish channel XRP is making, how XRP relates to BTC, and a bit of BTC analysis as well.
Today I'm very short term bearish, long term bullish. I expect things to open back up and for the short term trend to flip back bullish soon, as you'll see in this video.
Thanks for watching!
A confluence of Fibonacci levels on the weekly - Selling EURGBPFX:EURGBP , OANDA:EURGBP , FOREXCOM:EURGBP , FOREXCOM:EURGBP
A confluence of Fibonacci levels on the weekly - Selling EURGBP
Weekly – Trading at the upper end of a bearish channel. Confluence of Fibonacci levels with a 78.6% & 61.8% in close proximity.
Daily – Failed at a 78.6% Fibonacci level and close below the 10EMA for the first time in 30 sessions.
4H - Strong move higher today and approaching some exhaution points.
We approaching some very key levels here following a strong move higher. The UK is getting closer to appointing a new Prime Minister, Boris Johnson remains the favourite. Once the uncertainty of this is lifted, we could see short term relief in GBP.
One point to note is that a potential bullish engulfing is forming on the daily chart.
Good luck!
Sell setup emergingThanks for watching this video.
This is an emerging setup, once it becomes a valid trade setup it will be published in Forex Bootcamp that you can access using the Telegram link in the link area below.
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XRP's bull/bear transition Pt. 27Honestly I didn't think I'd be making 27 of these when I first began, but here we are!
Today I'm monitoring perhaps one of the last opportunities for XRP/USD entry before the train leaves the station. I'm looking for a dip on the 15m timeframe, or even more compelling, aligning with the lower support created during this video for entry. I'll also take a quick look at XRP/BTC to see how things are coming along there.
I think we'll see some fireworks over the next couple months. I'm excited. As always, let me know your thoughts/questions/abuse!
XRP's bull/bear transition Pt. 25I think it's fair to say at this point that the theory was correct, that now the resistance has been broken, and we're seeing the start of a strong push upwards.
Today we're looking at intrabar activity that makes up the details of that move, how it relates to XRP/BTC, and setting a range for the move. As you'll see in the video, I speculate we'll see price action that looks a lot like 2017, with a fast push up to $5 or so, some selloff, then a push up to $10.
Thanks for watching, and buckle up!