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Gold looks bullish with high volatility in AugustGold broke important 1420$ level on monthly chart. If XAU/USD can sustain the gains and even close above 1500$ in August, then we might have couple of months in 1530-1500 range with possible spikes to 1579$. We are literally sitting and that crucial 1495-1500$ zone on weekly, which I believe is bullish. Failure to close above 1500$ on monthly would signal a re-test of 1420$ zone. It's going to be VERY VOLATILE month UNTIL and IF we close above 1500$ Be cautious!
OANDA:XAUUSDLong
by Patrikas10
Merry Christmas 2019! Your gift? Bitcoin at 3K! A Short ScenarioHi All, Wow, what a couple of months... and weeks... and days... and hours! What the hell is going on with BTC!? Now I know this post may get taken the wrong way to begin with so lets lay a few ground rules first; 1. This is just a scenario. Nobody really knows what BTC is going to do next, so no, I'm not claiming to predict the future. 2. I know the pattern is somewhat incomplete but I address this in my TA. 2.1. In saying the above, I have published this idea as a possible pathway that BTC might take downward, should we have a confirmed downtrend, with the intention of a retrace. Now the supporting TA; Head & Shoulders Pattern I have started the analysis with the pattern as it is arguably the weakest element of TA on the chart. We do not have a right shoulder forming yet, let alone a confirmed neckline! There are a few confirming factors we can consider however. In order for the proposed neck line to be confirmed (or touched at the least), we would need to break the 38.2 fib line, break the trend line established since April (labeled 20MA trendline which we will get to later), and dip below the 50MA. A considerable task. There is one recurrence though which works in this patterns favor; The period displayed above shows the highest number of 38.2 fib line tests both as resistance and support. There is noticeable confluence with the MACD indicator, as every positive MACD cycle clearly coincides with a hold of the fib line, whereas every negative cycle coincides with a break of the fib line. If we now look at the current chart you will notice MACD is about to cross into negative cycle. Additionally, considering the previous MACD cycle took 15 days, and assuming this cycle is around the same, we actually provision a perfect amount of time for price action to reach our hypothetical neckline. The case for this point to act as a pivot is double edged; The neckline suggested by the first shoulder is in perfect confluence with the trend line set since the break out in April (labelled 50MA trendline). Both of these as well as the fact that the 8400-8500 price range has been a traditional level for support/resistance previously suggest that this support line may be too strong to breach at an initial attempt. The case for the subsequent bounce and pullback to and from the right shoulder is as follows; The 10K mark has psychological value and there would be interest in retesting this price from a retail perspective. This same 10k mark has also acted as support/resistance previously. Our trend line from April would be tested as resistance in confluence (labelled 20MA trend-line), and an attempt at breach of the 38.2 fib level would also occur. It is at this point where i think it is crucial if this pattern is to succeed or fail, as well as strong signalling for short to mid term trend confirmations. We could see the right shoulder creep a little higher for example but any serious breach of the 50 fib line would largely invalidate this analysis. For the idea to be viable, all levels of resistance must hold for the formation of the right shoulder. Following this is the confirmation of the pattern, which is the break of the neckline. In order to do so price action would need to break the trend line established since April (50MA Trendline) a significant milestone. This would ultimately be the second attempt and would signal the end of this mid term uptrend. The distance from head to neckline, measured from the assumed trend line breach provides us with a possible target of 3K. To achieve this target we would need to breach the final ascending trend line established back in DEC of last year as well as the 200 MA, technically (and in all reality) plunging us once again into a bear market. Should the above occur, 2019 would have obviously not been the year the new BTC Bullrun started. MA's and MA Trendlines There are a number of trend lines drawn on the chart; 7MA TL (Trendline), 20MA TL, 50MA TL, 200MA TL, and lastly the major trend established in DEC last year. The 200MA TL is at deviation, at a steeper angle and degree, to the major trend line, just as the 50MA TL is at deviation, at a steeper angle and degree to the 200MA TL so and and so forth all the way to the 7MA TL. This is in perfect confluence with the parabolic nature of BTC's recent rise. I have assigned each TL an MA as each MA should touch or get in close proximity to each of the red dots marked on the suggested H&S price trajectory and trendlines following a H&S price pattern. Should the pattern materialise, we should start to see a downward trajectory for the 7, 20 and 50 Ma's which should be in or around those points. This is not support for this analysis as such, but additional chart occurence that we might expect so see. MACD & Histogram MACD is clearly showing signs of turning to negative cycle. We also currently have the lines touching the upper half of the symmetrical triangle providing BTC with ample room for downard price action. Histogram has also confirmed the start of a negative trend albeit a weak one at this stage. VOLUME This is actually one of the most telling indicators. We simply do not have anywhere near the same volume leading up to the bull run of 2017. Obviously this is not support of the pattern occurring, but its strong support of a downward move however that may be. I don't think we can consider this the start of the bull run with these levels of volume not do I think these levels are enough to sustain an upward move let alone fend off a downward one. VPVR If we move our time frame to start from this years bottom, we will notice that our value profile sits 5K and below. This is in perfect confluence with the volume charts suggesting that we have not had wider participation in this current bull run and purchases above 5K have been in the minority. It also suggests that we don't have much resistance from a demand perspective at least until 4.5-5K opening up the reality or opportunity for BTC to revisit 3K. Ichimoku Clouds The H&S right shoulder would nicely retest Ichimoku as well as the aforementioned indicators prior to pattern confirmation. The more confluence the better. Confirmation of current down trend TBC by this indicator however, something to note. Summary The pattern is still forming, and as such, invalidation of this idea will be quick and swift. Overall my disposition is still a short on BTC in the mid-term based on various other indicators mentioned. Another revisit at the 3K level would need a new technical analysis for entry, but it would not be a bad assumption to think that a second visit to 3K should it occur, would act as a double bottom. Additionally with halving occurring next year as well as a maturing crypto market and participants we should have a better conditions to kickstart a new bullrun. Equity markets tanking late this year/ early next year would also be viewed positively from a crypto perspective. Confirmation Formation and confirmation of pattern. Invalidation; 50% Fib test in short term. General dissolution of pattern. Thanks guys, leave a comment and let me know your thoughts, Traders-Corner *** Any trading advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information provided you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should seek professional personal financial advice before making any financial or investment decisions. All investment and trade decisions, no matter how well investigated, involve risk. ***
BITFINEX:BTCUSDShort
by Traders-Corner
4
SUNRUN INC - NASDAQ: $RUN Ready To Run Again?After going topside nearly two weeks ago on solid volume, shares of SUNRUN INC - NASDAQ:RUN find themselves consolidating the recent thrust on lower volume and in a fine manner as we can observe from the Daily chart above. In addition, the stock presently finds itself perched above all of its important moving averages 20/50/200 DMA's and in fine technical shape. Furthermore, when we extend out to both the Weekly and Monthly time-frames, we can also see that RUN displays excellent technical characteristics. Thus, we have a stock that remains in favorable shape across multiple time-frames, which is certainly a healthy picture from a technical viewpoint. Moving forward, both investors/traders may want to continue to monitor the action closely for if and when RUN should be capable of taking-out the $19.30 level, such development would likely trigger its next meaningful run/advance into all-time highs and Blue Sky's.
NASDAQ:RUN
by InsiderFinancial
BTC in a bear market till 2020!!! (Updated)So finally the FOMO has ended, what a wild ride it was. It honestly blew my last prediction by a few thousand, still not in comparison to the 2017 bull run by no means but the delusion was strong. To be honest the 2019 run never had the momentum needed to replicate the 2017 run, nor create a new ATH. By taking the DEC 18th 2018 low and drawing 45 degrees from it as you can see on the chart the price stayed below the 45 degree angle the whole time until yesterdays June 26th 2019 brief moment above it. In the world of Gann it is a big deal if the cycle started below the 45 degree angle and never even rose above, it means there was never any momentum in the first place. Without the proper momentum that means there was never going to be a bull market, there never was going to be a new ATH, and the FOMO never had a chance. So since reality has set in finally we can continue with the bear market we were always in, and will continue to be in till 2020. On the way down I do see a few potential areas that will encounter strong support and more than likely an attempt to revive BTC, one being at the 7226.06 mark. At that mark there are several things happening there, the first and most obvious is the 0.618 fib, which was drawn from the DEC 18th 2018 low to the June 26th 2019 high. The second interesting indication of strong support at the 7226.06 mark is the 8/1 angle (orange) from the previous 2017 cycle and the 3/1 angle (purple) from the current cycle we are in. They cross at the 7226.06 mark and create a time cluster, which in the world of Gann is something to always keep an eye on. The extremely interesting thing about that level is both the 0.618 fib and the time cluster are at the exact price of 7226.06, so that is definitely an area to observe on our descent down. Once we pass the 7226.06 mark, and I am highly confident we will, we should not have any more bumps in the road till we get to the obvious low of the DEC 15th 2018 bottom of 3122.98. This will also be another level where they will try to revive BTC and create upward momentum, in my opinion they will not be successful. If we do manage to break lower that the 3122.98 mark, we should continue down till we reach the 1754.78 mark, at this point we could be have finally hit bottom, if so we will have ended the current cycle and will resume upwards momentum. In the event that the downward momentum is so strong, coupled with FUD, and the desire to acquire cheap coin. There is a possibility we could go even lower that the 1754.78 mark. The next few targets I have identified would be 883.74 and 730.34. Either one of these targets are highly unlikely, but we have to remember with BTC anything is possible. Regardless the bear market continues and we will not have a chance to see the possibility of a bottom till around late February of 2020 in my opinion. I do think we will see some strong downward momentum around DEC 15th-17th 2019, but I just think this will be the final nail in the coffin that will give us that last mighty push downward to reaching the true bottom that I believe will come in February of 2020. Cheers all, happy trading...
COINBASE:BTCUSDShort
by UnknownUnicorn2804040
13
UNREAL BITCOIN in EVEN MORE Crazy Bull Run Than 2017! Must SEE!The D4-Army Will Continue to grow - We will be bigger for every day like Bitcoin! We are so far 27,000 followers, and D4rkEnergY Loves All of You! Didnt I promise you, that this YEAR is OUR Year? Trust D4rkEnergY and he WILL Make You Money - He will Show you the Way. He will tell YOU what to do - He is YOUR Commander. He is THE unstoppable Force in the Universe, that makes EVEN SPACE it self expand. And also Accelerate. And STOP! Its time, to look at Bitcoin... Even Bigger Parapolic Move Than 2017 - Here is The Evidence 1. Price Volume Trend Convergence 2. Bullish Volume Record 3. Global Bullish Market Sentiment (has decreased after the Binance Bomb, but more people will probably leave alts and go into BTC, which makes BTC EVEN Stronger. 4. The Bullish Momenum (Greed) keep increasing ( MACD Histogram) 5. BTC-Dominance Movement is similar with what happened before the bull run in 2017 before the Binance News 6. Our Elliott Waves match extremely good with this scenario, COMBINED with... 6a ...what we can expect the whales wish happens, and also how they will be able to take advantage of the situation. 6b ...the Psychology of the Market Cycle, and how we can expect that people will behave. Just one example could be, that when we reach just above 10,000 USD Main Stream Media will pick up on the story, and this will engage new players to come into the market again, and then will all the dumb Money Buy the 5th Waves as ALWAYS and the Whales who have accumulated since 3kish USD will Sell! My Friends. My Army - Lets do this together. 2019 is our YEAR! We WILL Make a NEW ALL TIME HIGH, and D4rkEnergY Will Show You the WAY... D4 Knows Everything! PS. If You Are Part of the Biggest growing community on TradingView, the D4-Army Hit That Like Button, like a boss!
BITMEX:XBTUSD.PLong
by D4rkEnergY
4
BTCUSD: Its not manipulation but safeguarding investmentHello Everyone, Welcome to crazy run of BTCUSD, many people are claiming this bull run as manipulation either for price increase or for closing short position. Well as per us it is none of them, also no technical indicator will make any sense right now as market is driven right now with world's geo political sentiment instead of indicators. No new people have joined BTC bandwagon , then from where this much money is coming if it is not manipulation? Answer is simple from smart money. Due to china-usa trade war going on there is very high uncertainty among investors(smart money) regarding currency and further companies prospect. Currently , they are trying to play safe by putting the money in Cryptocurrency as they dont know what steps china and usa are going to take. Untill the cloud of trade war is over , we can expect the rise in BTCUSD price or better more smart money coming in crypto world. But be aware, this money is not going to stay here for long , as soon as trade war gets over, smart money will also leave crypto world.
BITFINEX:BTCUSD
by kryptotimes
1