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GLD Monthly Breakout Imminent!11 month accumulation with a big range expansion in Feb. There is the possibility to expect a second level target here which would bring the price target to around $204. I'll wait till the end of Feb before entering to await confirmation of a breakout. As long as the price stays above ~173.80 we will have a confirmed breakout. Closing for the month above $173.80 would make the monthly range expansion greater than the previous candle, confirming the breakout.
AMEX:GLDLong
by Trade_Integrity
$TLRY smoking on that tilray pack 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management Recap: The market has been in loading zone the past couple of weeks. My team is loading up shares of companies that we believe are likely to benefit from this rally. Today before the market closed my team purchased shares of marijuana company Tilray Brands $TLRY at $6.26 per share. Our take profit is $10 ENTRY: $6.26 TAKE PROFIT: $10 (OPTIONAL) STOP LOSS: $5.50 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:TLRYLong
by SimplyShowMeTheMoney
$BTC is bitcoin headed to 60K?! 👁‍🗨 *This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* !! This chart analysis is for reference purposes only !! My team closed out our bitcoin trade the other day securing a 18.4% gain. Whether this was a good remove or not remains unknown since the rally appears to be continuing and may even reach 59500-62000! Our team is still holding shares of these crypto related stocks: Coinbase $COIN, Cleanspark $CLSK, and Marqeta $MQ. So, we will still make money from these three in a crypto rally even if we aren't holding $BTC itself. If you want to see more, please like and follow us @SimplyShowMeTheMoney
COINBASE:BTCUSD
by SimplyShowMeTheMoney
False breakout should expect downsideBTCUSD went on a short-term buy and a fake breakout pass the supply zone and made a bull trap. Should expect a downtrend while going downside. We aren’t that far from 20K so get your seat belts ready because I expect 28-14K somewhere around there for the buy might go about 20K we will see how far will drop. Should expect there around March or April to that low then a nice LONGTERM buy. Once we hit that low I expect BTCUSD to hit over 80K this year the big target is 100K but experts said Bitcoin will hit greater than 100K guessed it 200K. But first let’s see how low it goes and pay attention how low it will go. I be waiting for that low around that area to buy and buy the dip.
BITSTAMP:BTCUSDLong
by JoyBoyVegae
3
$SPY Is The Sell Off Over?The above chart is a daily candle chart of the S&P 500 represented by SPY. The red arcing area is a distribution phase. The yellow highlighted area seems to be an area of indecision with both pockets of support and resistance. With in this area there's a possible "follow through day". Which, as described by Famed Technician William O'Neill is: "A follow-through day occurs during a market correction when a major index closes significantly higher than the previous day, and in greater volume. It happens Day 4 or later of an attempted rally. Leading up to a follow-through day, an attempted rally takes place during a downtrend when a major index closes with a gain. The rally attempt continues intact as long as the index doesn't make a new low. Follow-through day variables include: an index closing sufficiently above 1% on increased volume, positive behavior of leading stocks, and improved market action regarding support vs. resistance levels. The most powerful follow-through days often happen Day 4 through Day 7 of an attempted rally. In the wake of a follow-through day, the market should continue to add gains in strong volume, with breakouts by top stocks. This is further confirmation a new uptrend is underway." Do we fit the criteria of a follow through day? 1) Did we have a market correction? Peak-to-trough was a roughly 12% drop. 2) Was there an attempted rally? January 24th saw a 4% plus drop only to close higher on the day. That low has proven to be the low of the sell off thus far. 3) Was there a higher close on strong volume on day 4 or later? On the fourth day, the index closed 2.5% higher then the previous days close on stronger volume. 4) Did the rally continue on strong volume? Today, the fifth day, saw the index rally back above the 200 Day Moving Average for a nearly 2% gain and on above average volume. 5) Did leading stocks breakout? The rally was lead by tech stocks and with in the group semi's such as NVDA and AMD lead the way. The argument for a follow through day seems pretty persuasive. What does the community think? Too soon?
AMEX:SPYLong
by Breakout_Charts
3
BTCUSD Elliott Wave Forecast - Wave 4 Bullish Hidden Divergence*Re-post* Previous idea got removed. A guideline for all variations of a flat correction is that Wave C is required to have momentum divergence (please see linked ideas below). In this instance, the chart above depicts a Bullish Hidden Divergence on the weekly TF. A Bullish Hidden Divergence occurs when price action prints a higher low whilst the momentum indicator shows a lower low. This can usually be spotted towards the end of a correction indicating that price may soon rally. I hope you found this useful, do leave your thoughts in a comment below. As always, a 'like' and 'follow' is much appreciated and provides encouragement to share further ideas. Thank you for taking the time. BeyondEdge Your Edge Is Your Perception. Go Beyond.
BITSTAMP:BTCUSDLong
by BeyondEdge
5
Bargain hunters go shopping into tech and support US IndexesMorning Jumpstart Macro View and US market recap 31-01-22 US ended the week with a bang as bargain hunters went shopping to support the broader US market. Tech was again the favoured stocks which lifted the SP500 while the DOW lagged the enthusiasm. There may be some end of month window dressing on the cards also which may have provided some support. For a deeper look at the price action, key levels and what I see playing out...watch the video and feel free to leave any comments. View more at www.tradethestructure.com
CBOT:ZB1!
by TradeTheStructure
2
Moving to 29K fragile support levelI'm afraid we are now moving in a real downtrend. If Bitcoin moves below 27500 USD, we will really have a very bad situation. If it holds around 29000, there will be no disruption in its move to above 68K +. so if it rebounds at 29000 USD, we can have hope for a 87000 USD resistance target. But it's too uncertain for now. Let's hope the 29K support level will not be as fragile as it seem right now. The bitcoin winter's is here now. it's not about snow, nor cold. But a bloody crypto massacre for many Don't take my words for granted, do your own analysis to confirm, and trade at your own risks.
B
by cardanophile
Chance to Buy the Rally, Overall Bearish BiasNow is a chance to enter a long during the rally. -My overall bearish bias for GBPJPY is bearish. -Price is currently in an area of support. -The previous 4h candle ended in a doji and appears to be forming a morning star candlestick pattern. -A formation of the candle stick pattern along with respecting the support area is showing that price is building bullish momentum and ready to make a bullish push. -After the break of the previous low I am expecting price to retrace and test the former support area which is now acting as resistance. -According to the fib this previous area of support also aligns with the 50.0 fib level. -I am expecting price to rally to the 50.0-61.8 fib level before making another bearish continuation. -Price should test the previous level of support, acting as resistance and create a lower high (LH).
Long
by NoCeilingsTrading
2
GOLD Forecast 1/7Buy setup today on Gold, we are looking for price to bounce at 1789 and retrace into 1810-1813. As long as the C wave is holding and price does not close below the previous low this set up will be valid. Once price has retested this zone and trends upwards, then our target is the previous point of control around 1813. Our stop is tight as NFP is today and is placed at 1784. Enjoy & Happy New Year everyone, lets aim for another historical year in the marketplace. ^_^
OANDA:XAUUSDLong
by johnconner966
4
Toyota just Started to Rally.Toyota, valued 277B is worth almost 4 time less than hyped Tesla, which has it's market cap at 1070B. Even though Toyota revenues for 2020 was 275B , meanwhile Tesla were just 12B . That's less than 20 times! (Tesla has no data for 2021 yet, so that's why I compare 2020) Yes, I do understand that Tesla is a one of kind with it's unique perks such as Autopilot, prestige of having a Tesla and many cool features. On the other hand, Toyota doesn't offer anything special. It's just a regular japanese car, but with superior reliability and quality. Do not forget that Toyota also owns a luxury car company of Lexus, which has the same if even better reliability and quality than Toyota. I am not necessarily saying that Toyota is superior to Tesla , just that Tesla's value is very speculative when compared to a renowned car brand such as Tesla. When we look at the technical side, Toyota has just broke from a 31 weeks long consolidation which gives Toyota pretty enough room for a rally. Add to that it just broke into a new all time high, MACD gave a buy signal and RSI suggest bullish momentum to arrive, Toyota is ready to rally. I don't have a specific target for Toyota. Not a financial advice, just my humble analysis:)
NYSE:TMLong
by TiborVrbovsky
EOS $~90 Realistically Still In PlayEOS is one of my favorite alts, besides XRP and DASH. It has great price history, and it did perform exceptionally well in 2017/18. It is still listed on the biggest exchanges and so therefore i still believe that this market cycle will have its turn to shine. If we extend fib. extensions over previous bull run, where level 1 is sitting at ATH, it just so happens that level 0.236 sits on top of the rally prior to capitulation. This further confirms that levels could be respected and price to eventually reach $90, maybe a bit more but not by much. You can also see that if we overlay the first 2017/18 rally from the recent bottom you can see that if we did something similar in length now, we would get to near $90. That is even further conformation for me for that target. I am not a financial advisor so non of this should be taken as a financial advise. Be well BITFINEX:EOSUSD
BITFINEX:EOSUSDLong
by AVA37
11
ADA Had A Phenomenal Run in 2020/21ADA had a phenomenal run in 2020/21. It has reached to a full 4.236 fib. ext based on the rally prior to capitulation where .236 is sitting on top of. Even though i think ADA still has i bit more to go. Not to much but still 200-300% could still be in the play here. To get the final clue where the final target could be, we have to extend fib. levels over the full 2017 bull run. (level 1 sitting at ATH, 0 at the low). If we do that than the full 4.236 extension gets us to around $5.5. (will show that below in the update) I am not a financial advisor so non of this should be taken as a financial advise. Be well. KRAKEN:ADAUSD
KRAKEN:ADAUSD
by AVA37
2
Gold ready to run, end of year rally about to start??As Gold is approaching the tip of its longer term wedge, I'm anticipating a break to the upside. During FOMC last week, it bounced off its support trendline and it's 62 fib, forming what could be the head of an inverse head and shoulders on the H4 timeframe. I'm anticipating a break above the neckline and taking small buys. Will be adding more once we confirm a retest of it. Planning to take some profit off the table once it hits resistance around 1850, while planning to hold some through a breakout higher if we see it. Stops spread out with some below the low today and some below the right shoulder. GLTA
OANDA:XAUUSDLong
by CashGod92