BTCUSDT PAIR UPDATEDI meant to have more waves at the end and forgot to add them! Also I realized that my CLONED wave was a bit off in reference to where the chart was, SO, the PREDICTED peaks / troughs have been adjusted accordingly!
Predictions
XAUUSD (GOLD) sell from key level BIG DROP COMING Hello friends as i can see gold is fail to hold above 1800 levels as investors are still having hope on Stimulus Package
and that can help to recover $ for a short term
Rising real yields have dirtied the yellow metal’s luster
Gold fails to follow increasingly bullish bets on inflation
Inflation-adjusted gold prices near historical highs,
Real yields – nominal bond yields minus the breakeven inflation outlook – have risen as investors price in a $1.9 trillion Covid relief package.
While the proposed stimulus has bolstered inflation bets, it appears to have propelled sentiment surrounding an economic rebound relatively further.
Hence the pace at which we have seen real yields rise as investors ditch government bonds.
so we will caught this incoming move for gold technically + fundamentally
its 1k+ pips trade with a very small risk against our rewards Friends Push like and comments
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Friends if gold hold above 1800 level then this setup u can follow which i had attach in Comments
Days Looking Greener BULLISH 80% Outlook
With my bearish outlook now mostly invalidated (hopefully no Black Swan Event to ignite an M formation on the Weekly), I'm looking to the next potential moves to come for our lord and savior with price projections based around levels of support, potential gartley patterns, Fibonacci and extensions. Price zones are only estimations, but I'm more so looking for the movement shape.
After a nice Elliott wave move to a new peak at 41k I'm looking to complete it's ABCD pullback with a bullish gartley beginning to form. First leg of the ABCD I see a retest of between 37.1 and 36.6 to complete B. Once bear strength fizzles and daily RSI balances out we could then see a small rally in an attempt to make a break passed a quicksand zone between 38.7-39.5 to complete move C.
Potential head and shoulders to form here and bring us back down to between roughly 36.3 and 35.5 by around February 13-16 to complete move D. This would complete the bearish gartley while staying within it's properties.
From here I anticipate the next leg up. My current projection for price is a gunshot to 50k, as this not only lines up with the 2.618 Fib extension of our most recent correction low, but also the 1.618 Fib ext. of the overall BTC correction in general. For me that's the next area before any significant slow in momentum.
We will, however, have checkpoints along the way. I see potential still to experience minor pushback as we approach a retest of previous ATH's, but after that the 1.618 fib ext of our most recent pullback suggests our first checkpoint coincidentally around my lucky number at around 44.4k.
BEARISH: 20% Outlook
In the event of a confirmed M/Double top, I see three possibilities in price before we inevitably break ATH's and continue the climb:
Most likely: 34.4K
Less likely: 33.1K
Least Likely: 30.2K
Bitcoin Mid term PerdictionsI only took 3 rules into plotting these two out based on how history of PA and pivots usually goes and they are that
Yearly Pivot WILL get tested. as it has for a decade
Monthly pivot coming up will act as a magnet and pull price to it either before or after a fall (as it does 96% of the time)
That the bull run has more continuation (because sure why not)
Bloomberg Bloomberg Commodity Index AWH CONTRACT UNIT $100 times the Bloomberg Commodity Index
PRICE QUOTATION Index points
TRADING HOURS CME Globex: MON-FRI 8:15am-1:30pm
CME ClearPort: Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
MINIMUM PRICE FLUCTUATION .10 Index point ($10.00 per contract)
BTIC: 0.01 index point ($1.00 per contract)
PRODUCT CODE CME Globex: AW
CME ClearPort: 70
Clearing: 70
BTIC: AWT
LISTED CONTRACTS Mar, Jun, Sep, Dec
SETTLEMENT METHOD Financially Settled
TERMINATION OF TRADING 3rd Wednesday of contract month/ 1:30pm
SETTLEMENT PROCEDURES Bloomberg CI Settlement Procedures
POSITION LIMITS CBOT Position Limits
EXCHANGE RULEBOOK CBOT 29
BLOCK MINIMUM Block Minimum Thresholds
PRICE LIMIT OR CIRCUIT None
VENDOR CODES Quote Vendor Symbols Listing
Historical risistance trendWe are about to hit historical resistance lines again. The blue horizontal bars indicate long term historical support and resistance. the top red bar is short term resistance and lower green bar is short term support
The middle green bar indicates a conflict zone. 126.487 is the top end conservatively before trending back down and pushing through the conflict zone slowly to hit a new low. if we drop below the long term resistance line we could possibly see around 124.496 in the next week as new lows.
ETH entry levels LONG ETH/USDETH is going lower. It looks like a new possibility to enter LONG positions.
ENTRY LEVELS LONG:
$1118
$1066
$996
Weekly outlook bullish TargetsNot sure what these guys are doing, but if will probably test the 21 weekly ema and then possible 3.5 ,but this will take months, sometime in july perhaps. Keeping an eye. I post for reference and i told you so moments to my friends. ♤anon~
Pinduoduo Inc 2021 PredictionE-commerce in China statistics:
Revenue in the eCommerce market is projected to reach US$1,260,539m in 2021.
Revenue is expected to show an annual growth rate (CAGR 2021-2025) of 6.7%, resulting in a projected market volume of US$1,635,804m by 2025.
The market's largest segment is Fashion with a projected market volume of US$330,633m in 2021.
Competes with Alibaba a bigger but in my opinion less social E-commerce giant.
Pinduoduo found room in e-commerce, not as a competitor to search-based websites like JD, but as a new e-commerce platform focused on interactive and social shopping experiences online. Social shopping may seem like a new concept, but the reality is that in the physical world, shopping is meant to be “interactive and fun”
Final Thoughts: China is experiencing a large volume of growth in the fashion market. This is heavily influenced by social factors. Potentially making PDD a better fit than BABA.
Ethereum prime to return to 2018 highsI can see a potential dip buying opportunity on the way to 1400 USD. I believe we see a return to 2018 highs in Ethereum this year. I will be drip investing in dips all along the way to the 1400 PT.
Prediction of gold movements in the first quarters of 2021Based on the research of the epidemiological situation in the world, but also in America, as well as the economic strength of the world's leading countries, I present to you the prediction of the movement of gold in the first and second quarters of 2021. This prediction is made on the basis of currently available information and consequently the prediction itself may change.
After the information that the vaccine for the so-called Coronavirus is effective in 90% of cases, the price of gold has dropped significantly. We can notice that gold respects the downtrend and according to current information, it will continue on that path. My expectations are that by the first quarter, gold will be between 1850 and 1650 prices per ounce.
After that, in the second quarter of 2021, we can expect an attempt to stabilize the dollar by the new president Joe Biden, in order to recover his country from the damage caused by CoronaVirus. This will significantly affect the price of gold and we can expect a change in the trend and a price higher than 2000 dollars per ounce.
I repeat, this prediction is based on current information and there is a possibility of changing it.
Do not take this analysis as confirmation for further trading, but keep it in mind. All the best and regards from StoleFX.
SPX Shorts History repeating itself from last weeks bounce History is repeating itself on both indexes. $SPX500 & $DOW seems to be rejecting today's earlier move up on vaccine news with #Covid-19 cases still on the rise we will be selling off on this news for the remainder of the week we already got a major buy move this morning which is more than enough to sell off until at least Wednesday and from Wednesday on we should be looking at some buys perhaps.
Trust The Trend, Until The Trend Breaks I got close with my plot predictions! Made pretty good money, but don't trust myself when I should.
Bears tried to break the bottom of the channel several times Friday, but ran out of steam. I was nervous about it, but kept buying TQQQ 10 shares at a time under 11k, swung up 80 pts at close for a sweet $600 profit. Left 50 .
Like the title say, trust the trend until it breaks... it's been on this bear channel for 3 weeks, so prolly due for a change, but who knows? Nobody thought we'd have a 12yr bull market and people would still cry about the President. Until it breaks that bottom channel line good and proper, it's a buy. I expect a pump to midpoint of the channel around 11230 in Sun/Mon Pre-market. Then a sell-off, perhaps happening very earlier, referencing the last two Mondays, 26th & 19th.
Still... follow the trend lines. Yellows the supp/res zones of interest. Red is the bear channel, blue dot the mid point. Till it breaks strong, its to be trusted.
Contrarian View - Bitcoin Overbought - About to Crash Hard - 8kI'm going to put this out there, like I often do. I don't see this recent Bitcoin move as a breakout. Yet. $12,500 must be breached AND confirmed on the daily. As you know this requires (2) two candles, (1) one to break above and (1) one to stay above that area which is currently huge overhead resistance.
Also. See that slightly downward sloping BLACK trend line? Yeah. We have NEVER confirmed a break above that since Jan 2918! Yeah that's right. 2018. Almost (2) two years! Yes, we have broken above. But, NO, we have not ever confirmed with a second candle on the daily. This statistic is extremely important to note.
My feeling (and I could be completely off on this), is that the U.S. stimulus resolution does not get passed today, OR some other negative news is revealed, and the market collapses by close of business tomorrow. As you know, Bitcoin has been correlating it's moves tightly with the broader market.
If we do start to move down, target area remains at $8000 as I charted in September. Though, we may not hit 8k by the end of November. This U.S. election crap/confusion could move us all the way into the Jan 2021 time frame.
This is just my gut prediction. Too early to call at this point. But I thought I'd throw this idea out there as a contrarian possibility for you all to consider. We'll know by tomorrow for sure.
And if I am wrong, I'll be publishing a whole new chart. At that point, I see 17k+ in the charts by Jan. As for me, I remain mostly in cash at this point until the market reveals which way it will go.
Best of luck traders. Be safe! A lot is up in the air. A lot is at steak. And there are a lot of unknown variables which could rapidly change at any moment. So, please be careful.
Bloomber Commodity Index - Monthly; Despite all the noise...... the song remains the same.
It is (still) all about the USD and Gold!
... because otherwise the world is swimming in over-supply!
Big short opportunity after correctionInteresting trendlines intersection that highlights an interesting point where a lot is happening. (third major resistance point, start of the last elliot thrust and second fibonacci point). you can even trade a long posittion from elliot point a to point b but i suggest to just wait and go short. Happy trading!
Breaking Trends!I laid down at 1:30 this morning at the underlined point. When I woke up at 6 the bigger circle had already took place.. many people in class missed and some got a little piece of it.
I'm glad I missed it, I seen the drop coming so basically most classmates broke even if they got in during this entire mess of 5 hours.. the waters are settling back down for now.
I predict price to rise up the lower trend line and fall thru floor again if not today then Friday(10/2) before noon.
What are your predictions?
No Stimulus NASDAQ PlotThis is an update to the Island Gap post. I attempted to plot a path to meet my target. I used a rough timeline of events and hypothetical sentiments in the week ahead. Should the house fail to pass a much lower stimulus bill by Friday, I expect a limit down event this week, or early next. These things are very hard to predict, so take it with a grain of salt; but October is notorious for being bearish even without such circumstances.
Nifty50 anylsis 25 sep 2020Nifty is bullish in 15 min because little correction
And bearish in day time frame
Small correction at green support
yellow support is major support
BTC will continue uptrend upon support. Target 12,927 - 17,146!Greetings dear traders,
Here's what I see happening on the charts. BTC market has gotten ahead of itself. We are now consolidating and entering back into the "Larger Uptrend Channel". We will still reach our targets or 12,927 and 17,146 after that. It will simply take a little more time if we reside in this channel.
As you can see from the chart, we should find support soon (maybe by the end of the week).
Good luck traders! Many blessings to you all.
Would you buy this?BTC I meeaannn come on? would you? looks like a nice cup just need confirmation of the handle lets see how it plays out id like to hear what you all think.
