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$gold - $silver ratio BT waistline of yuge megaphone, down!Huge make a phone there with gold silver ratio currently back testing it’s waist line which is also the waistline of a channel that is evident on the six monthly candles If you go to my Twitter then you can see the zoom in the spot where it shows a wedge at that area last in the last several months that is likely to be a very bearish continuation Dxy Is added as a factor to adjust for currency fluctuationsWe typically cleans up the signal on relevant assets
COMEX:GC1!
by UnknownUnicorn13172879
5
Sell XRP - buy XLM !!You will wonder !! How can he say 'sell XRP' when he has been holding XRP for years (and topping up his holdings constantly) ? Now that SEC case is approaching resolution !! Last time I bought XLM (selling XRP) was October 2019 - I bought 4 XLM for every XRP that I sold !! Then I sold XLM (buying XRP) just when the SEC case began at Christas 2020 - WHEN 1 XLM BOUGHT ME 1.5 XRP !!! THAT WAS A DEAL !! Now that XLM XRP pair was approaching the green box I intendet to sell 12.5% of my XRP to buy more XLM (mild trade). I made a mistake and the move became aggressive !! I tradet 25% of my XRP for more XLM !! I was almost regretting my move when I found some very interesting details: LOOK AT THE GREAT PICTURE !! XLM XRP is forming a BIG inverse Head & Shoulders pattern !! We are now at a low point in the ratio forming the right shoulder !! This low point corresponds at the apex of a bullish descending wedge (yellow formation).... ... of which the ratio just broke out and backtested this morging !! Backtest was successful because after the short XRP rally, XLM is againg taking the lead !! I GENUINELY THING WE ARE IN FOR AN XLM SURPRISE !! (But keep cool - still my portfolio is 45% XRP) But now my XLM holding has been augmented from 8 to 25% !!! Whish me good luck !!
COINBASE:XLMUSDLong
by Dangermousebanana
9
NQ - Priced to Discounted Forward EPSIt is rare when one can have their Cake & Bacon. NQ performs this feat with Aplomb. It is an amazing effort, the same around every EPS Season. Lowering Guidance repeatedly while failing to make it widespread panic. Discounted Future Earnings via Yields, while managing to swim itself out the Abyss... remarkable. Semiconductors had an Abysmal Q3. INTC's report was a comedy all its own, after lowering guidance to Analysts 3 times... they finally managed a number @ 1.11 for the Chinese Wall, only to exceed it by 60 Cents @ 1.71 - Surprise @ 53.61%. Whee... but but but.... it was Wang Chung'd during Globex. The result of this nonsense - INTC was sold wholesale from 56.07 to 50.75. - www.youtube.com
CME_MINI:NQ1!
by HK_L61
4
Custom PM vs Cryptos chart heavily favors gold, silverHere is a chart I put together and have been keeping an eye on for some months now. I was able to predict the recent bottoming formation which has held up nicely. The chart is adjusted to reflect the current gold-silver ratio, putting them on equal ground, and similarly with the btc-eth ratio. As you can see, the rise in precious metals versus cryptos has happened significantly in the past, by some 637%. I know people want hard numbers for this prediction, but that's impossible since there are 2 main factors: The price of metals and the price of cryptocurrencies (namely the top 2 here). Maybe one goes up and the other goes down, or they both up but relatively one more than the other. What one can surmise from this chart however is that it currently looks still very bullish for precious metals versus cryptos. This is backed by fundamentals such as the shifts taking place with basel III, metals held in an extended accumulation phase, and bitcoin and etherium coming down from it's blow-off top.
TVC:GOLDLong
by greenvention
1
New Custom Precious Metals vs. CryptocurrenciesThis is my new favorite custom PMs vs cryptos chart method. It adds together gold and silver multiplying the latter by the gold:silver ratio so they are on equal terms, and similarly with bitcoin and etherium, with eth multiplied by the current btc to eth ratio. The chart is looking to complete a cup-and-handle formation, which would be bullish for precious metals over crypto in the short-term. Looks like cryptos could very well win out in the long-term. A prudent trading strategy would be having the ability to trade between them quickly, easily, and with the ability to set market orders. In order to trade btc, eth, with allocated physical au (gold) and ag (silver), along with the fiats usd, eur, gpb, ALL ON THE SAME PLATFORM I use Kinesis: kms.kinesis.money Happy trading! This is not financial advice.
TVC:GOLDLong
by greenvention
EW FIBONACCI Ratios, FIB Retracement and Extension application !In this post, I'm going to focus on Fib Retracement and Fib Extension Ratios by Elliott Wave, and show you how to best use these tools. Fibonacci ratios are mathematical ratios derived from the Fibonacci sequence.The Fibonacci sequence is the work of Leonardo Fibonacci. Fibonacci sequence is used in many applications, movies and photography, space studies, stock market actions, and many other fields. Fibonacci is a proven approach for measure price movement relationships. For Elliott heads, it means Fibonacci numbers are tools to help guide us in our interpretation where we think price movements will go. The most common Fibonacci ratios used in the stock markets are: 1 - 1,272 - 1,618 - 2,618 -3,618- 4.23 (extension) 0.236 - 0.382 - 0.5 - 0.618 - 0.786 (retracement) Let's start with Elliott Impulsive Wave rules ! Wave 1: the beginning of each wave and retracet with Wave 2: may never retrace deeper than the beginning of wave 1 Wave 3: often the longest, but never the shortest Wave 4: may never retrace below the top of wave 1 Wave 5: x Fibonacci ratios : Wave 2 The most common retracements we look for in a Wave 2 pullback are either a 0.5 or 0.618 retracement of Wave 1 We expect only 12% of Wave 2 to hold 0,382 retracements of Wave 1 We anticipate 73% of Wave 2 retracements between 0,5 to 0,618 We anticipate 15% of Wave 2 to retrace below the 62% Wave 3 Wave 3 is related to Wave 1 Fibonacci relationships: Wave 3 is either 1,618 length of Wave 1 or 2,618 the length of Wave 1 or 4,236 the length of Wave 1 The most common multiples of Wave 1 to Wave 3 are the 1,618 and 2,618 If Wave 3 is extending, we typically look for 4,236 or higher Only approximately 2% will a Wave 3 be less than Wave 1 We anticipate 15% of Wave 3 trade between 1 and 1,618 of Wave 1 We can anticipate 45% of the time Wave 3 will push to between 1,618 and 1,75 We can anticipate 8% of Wave 3 will extend beyond 2,618 or higher Wave 4 Wave 4 is related to Wave 3 0,236 of Wave 3 or 0,382 of Wave 3 or 0,50 of Wave 3 or 0,618 of Wave 3 We can anticipate only 15% of the time Wave 4 to retrace between 0,236 to 0,382 We can anticipate 60% of the time Wave 4 to retrace between 0,382 and 0,5 We can anticipate 15% of the time Wave 4 to retrace between 0,5 and 0,618 We can anticipate 10% of the time Wave 4 retrace 0,618 or greater Wave 5 Wave 5 has two relationships. Wave 5 has a direct correlation to the Fibonacci relationship of Wave 3 1. If Wave 3 is greater than 1.62, or extended Wave 5 is a 1 to 1 or 1.618 of Wave 1 or 2,618 of Wave 1 I don't know any statistics, but in my experience a 1.618 or 1 to 1 is the most likely 2. If Wave 3 is less than 1,618. Wave 5 will often overextend.The ratio of Wave 5 will be based on the length from the beginning of Wave 1 to the top of Wave 3 Extended Wave 5 is either 0,618 from the beginning of Wave 1 to top of Wave 3 or 1,618 Unfortunately, my english is not so good and I work with google translate, but if you have any questions I will be happy to answer them . ➡️If you like my posts smash the like👍👍 button, comment or follow me. It helps me to publish more free education, also on request ⬅️ Fib retracement and Extension application follow 📚
Education
by TR7z
114
Fibonacci 101Fibonacci retracements follow a mathematical principle set forth by Leonardo Fibonacci. To put it simply - each level is a ratio between two other numbers, and there are countless examples of them being respected in the stock market, forex, crypto, commodities - you name it. For this reason, it's an essential tool in the technical trader's toolbox. There are many uses for this tool: Finding regions of support or resistance Helping with stop loss placement Establishing targets to take profit - especially during price discovery (no existing S/R levels) Rules of Thumb While placement of your anchor points is somewhat subjective - a rule of thumb is to stick with glaringly obvious swing points . Simple is best with this tool - one of the reasons that it works is that other traders (or trading algorithms) are watching the same regions of price as you are. No need to overcomplicate it! For a bullish retracement (+ targets) - begin your Fibonacci at a swing low, and end it at a swing high. For a bearish retracement (+ targets) - begin your Fibonacci at a swing high, and end it at a swing low. Personalizing Your Settings The way I have my Fibonacci retracement tool configured, it includes some trend-based Fibonacci extensions in the calculations as well. This can be done by opening your Fibonacci settings and adjusting the inputs. The levels I have as inputs are as follows: 0 - This is your starting point 0.236 - The shallowest retracement 0.382 - Shallow retracement 0.5 - While not a Fibonacci number, this is the midpoint of your swing 0.618 - Commonly referred to as the "Golden Pocket" - this is generally a very important region of support/resistance. 0.705 - While not a Fibonacci number, this is the midpoint between the 0.618 and 0.786 - a level that tends to see lots of activity, and is thus included in my settings. 0.786 - This is the deepest retracement before a full retrace. 1 - This is your ending point -0.27 - While not a Fibonacci number, a very commonly used extension target during price discovery - Target #1. -0.414 - While not a Fibonacci number, a very commonly used extension target during price discovery - Target #2. -0.618 - This is your golden ratio - Target #3 during price discovery. -1 - This is a 100% extension of the distance between your starting & ending point. etc, etc - you can extend as far as you like! Where Fibonacci extensions really shine is during price discovery - areas where there are no previous levels of support or resistance (new ATH's). You can see on this $SPY chart - using our Fib tool on the COVID crash gave us some very accurate upside targets for the subsequent rally into new ATH's. I hope this introduction to the Fibonacci Retracement tool on TradingView helped you develop a basic understanding of it's applications - make sure to like if you learned something and follow us for more! Will, OptionsSwing Analyst
AMEX:SPYEducation
by optionsswing
70
Lumber:Gold Ratio is an unusable indicator?I appreciate Michael A. Gayed's thesis here, but the more I look deeper (and longer term) at the data, it's really difficult to draw an real signal. Too many instances where it's not clear which influences which and more likely the market itself (SPX) is influencing lumber and gold independently after the fact of the market move. When you look closely you can see that the peak of the Lumber:Gold ratio is when both are very low but Gold is lower than Lumber. The conditions of the two are all over the place and it's not something that seems to have truly repeatable conditions. Conclusion: I'm open to being wrong here, but I just don't see it as something people should take too seriously especially when gold might be taking off at the same time lumber is. Simply looking for a peak in lumber is probably more valuable here.
L
by Electrified
3
ETH Target Could Be Up To 0.15 BTCAs per my previous idea from several weeks ago (/x/PuGYWTgB/), Ethereum has broken out of a large base (purple box) against Bitcoin. The near-term target based on a measured move from that base (equal to the depth of the base) is around 0.069-0.07BTC. But Ethereum has also broken out of a larger triangle on the monthly chart. And this often leads to testing the highs of the triangle (around 0.15 BTC) To be conservative, some people take the depth of the triangle at the breakout point, and set that as the price target, which would be about 0.085 BTC. So we have three major points to watch: 0.07 - which I expected to hit fairly quickly due to the length of the base, and it seems to be progressing as such. 0.085 - which may take a bit longer or we may see some consolidation around the 0.07-0.085 level before a push higher to 0.15 - the infamous level that Ethereum bulls have been waiting to return to for years. Ethereum is literally leading the space right now, and all the hype of this bull run (DeFi and NFTs) is because of Ethereum. It is criminally undervalued even after this huge rise the past few months, sitting at ~$3300. $10k and beyond is certainly possible, as price has been suppressed for a very long time, likely for bigger players to accumulate massive amounts while they spread FUD about gas fees and shill "alternatives" such as the centralised BSC.
Long
by PoorTomTrading
The LTCBTC Chikun Egg just be hatchingI see this and I am obviously biased, but it's really hard to see a bearish scenario here. When I say "hatching" I mean Litecoin/BTC has broken through some serious resistance above the 50W EMA. If we see another weekly close above here that would be mega bullish. First, lets looks at resistances. Drawn in purple dotted lines are the first short term resistance I see LTC encountering. Prior resistance was briefly broken on last weeks high wick compared to the high during the week of December 21, 2020, thus creating a very small higher high. Up next is breaking through and closing above .005 which is the most immediate resistance point we have to face (no line drawn). It's worth noting that in the short term while the 21W EMA (blue) recovers we may at some point retest it. Right now we're battling with the 50W though. If history is any indicator, the last time LTCBTC touched .003 in Feb 2017, the 21W EMA violently went up against and above the 50W, we could see similar price/ratio action here in the coming weeks. It may not last long though, again if history is any indicator. LTCBTC seems to unfortunately spend most of its time under the 50W EMA, it has been major resistance since June 2019. The fact that we are breaking through it is MEGA bullish to me. Screw the recent selloff we saw in the last few days lol. Some more upcoming resistance that is noteworthy is around .008 which is confluent resistance with Feb 2020 highs and also the 200W EMA. That will make it harder to break through, but in my eyes, it's just a matter of time before we have the pleasure of testing it soon. The 200W EMA will be a monster to break through but if we clear it OH MAN am I getting a girlfriend. I don't have a lot to say about support levels since we haven't created much in the way of support yet. The first support would be created at the 50W EMA but so far that would be weak, the stronger support would be around the 21W EMA. I'm not sure how good of TA this is, but the MAC'D seems to be in a long term equilibrium, and as we see it begin to narrow down and break out, this may take off like it has in the past. Lastly, one of my favorite things to see here is the RSI. Not much explanation is needed, just look at that 'beaut. That Brontosaurus head peeking through the tops of the tree-line is quite majestic if I do say so myself. All of these factors converging leave me no choice but to be bullish. Leave your thoughts below This is not financial advice to buy/sell/hold Litecoin or Bitcoin. This is meant for your entertainment only, viewer discretion is advised.
Long
by jbutler7
4
Gold and Sentiment, Turbo Bear?My favorite ratio for cutting through the noise is an LT view of Gold/Oz($) : HUI (the Gold Bugs Index). Generally when it rises we gold bugs suffer because the price isn't reflecting our buying habits. That's why I'm looking for the next bottom on this chart sometime in July that might coincide with this broadening wedge... A date that keeps recurring for me is June 28th, and I haven't figured why just yet.. The broadening wedge may indicate that some dramatic downside is very possible, I just hope that it's in late summer after some profit-taking. Reasons for hope here: 1] a breakdown from this channel is giving me hope, as sentiment is outstripping gold price performance. 2] it seems to coincide with deep retrace and ultimately a break below the 100Mo MA, the 30Wk Ma, and 30D Ma are firmly below. (Looking for the 30D to cross below 30Wk for TURBO BEAR) 3] downward cloud pressure is huge and respected at this time See my previous post on GDX/Gold for another view at this pivotal time
TVC:GOLD
by ptero1492