Is it time to short the Corn Market???CBOT:ZC1!
In recent times most commodities have been heavily inflated. So when is it time to short these things on a macro scale? Well, if seasonality tells us anything, typically corn prices start to fall once we enter the month of June.
There are 2 areas of supply on this chart, 1 of which we are already sitting in while the other is sitting at 627-680.
Short-long
GOLD: In trouble?There are some key levels to watch with Gold. This is a nice one to see if and when patterns may repeat themselves.
Two areas highlighted in yellow show some similarity.
This could be a short on a lower time frame. If shorting and you cannot take loss on your stop-loss, leave it alone. No suggestions given for positions and stoplosses. Price and price action may change.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
The Squeeze of the century (180% Target) GME WHO?I'm sure everyone is only reading this because you have heard of the #SilverSqueeze that's trending everywhere.
If you are congrats. You're smart enough to know that investing in Miners is the smartest play of them all, which will most likely yield the greatest returns.
I'm not going to give my full Investment thesis, because I don't feel like typing that much (Look at my other ideas I'm already breaking records with more than 1 sentence).
So I will break down the whole #SilverSqueeze situation very simply
So.
Banks around the world manipulate silvers price by inflating the amount that exists artificially (Paper contracts)
Because of this many Banks and institutions are massively short on silver. With the inflating of supply with these paper contracts (Let's call it fake silver), they aren't actually storing as much physical silver as they normally should be.
Now to mess up the banks people are buying a bunch of physical silver (that banks don't have a lot of) to not only clear their vaults that are already low in volume already (The lowest in history) but to raise demand.
Not only will this increase the price of silver, but it will also liquidate their massive short positions, thus causing a short squeeze sending us to the moon.
Why AG?
We are playing AG because it's a silver miner, and the demand for them will inevitably skyrocket when these banks/institutions will need more silver to meet the demand.
Since #SilverSqueeze, AG has been the leader in the Silver sector gaining almost, 60%+ in the past couple of days.
Also, it had the highest short interest in its history :)
You know what that means? Thats right. Double squeeze, One when silver squeezes and one when AG squeezes.
If you don't believe in my fundamental case, I don't care. Look at the chart. That's the most beautiful thing I've ever seen in my god damn life. Don't ask me to stand up while I'm looking at that beauty. Breaking decade long trend? On HISTORIC volume? After 5 year-long accumulation cycle of higher highs and lower highs? It's a wrap.
Historic searches in Google trend
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Outpacing any other 'short squeeze searches'
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Top Silver miner CEO says they are running low on supply, hinting this could be a trigger
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Top silver sites are already running low on the amount of Silver available in the market place
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Short interest on AG at all time high
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Silver Supply is the lowest in a DECADE
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I can honestly go on, but you get the point....
Buy the damn stock and wait for that 180% target.
SILVER (4H): Weird movesSilver took an unexpected pump north on 2021-01-28. Loads of short-sellers were taken out.
Well part of the inside story is that bandwagons of 'robinhoods' on a certain social media platform, decided to conspire and pump it. They were the same groups of people who pumped GME.
They believe they are powerful based on the GME effect, and can do this sort of thing in other places. But there is a problem coming to them - it will test their power.
Silver is not GME. Silver is a very different market ruled by other very powerful forces, like the US Dollar. We shall watch this one to see if social media traders can really manipulate anything they think they can.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Follow The LeaderIf Bitcoin is going down about everything else in the wonderful world of crypto is too.. Hope people have been keeping the risk managed and can live to trade another day. We could possibly see a strong break to the upside to or near any of the three red lines you see her however Bitcoin seems inclined to follow Harold's Purple Crayon . I am so.. There's that?
"If we really break on news, my goofy head and shoulders on the 1h I won't be surprised to see some over performance to the downside as the Irresponsibly longs unravel.." That would suck by the way but for those people not me.
What are your thoughts? Is it bad that people like to realize gains or just something else?
-No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO"
""KEEP CALM AND MANAGE THY RISK!""
GBPUSD Bulls Still in Control?Yo whats up traders, today we are looking at G/U of course, this is the main pair I like to trade. Happy Friday to all of yall, I hope we all had a wonderful trading week. Lets make today count and end the week with some good vibes.
Ok, lets get it; So as we can see, price is really staying in this range defined by my 2 blue lines, and from observation, we see that price is showing strong signs of continuing upwards, on the larger time frames. I am waiting for price to push past this major resistance because if we look at the lower time frames, we can get some clues about what price wants to do at this level.
Personally, i think its more likely to see a reversal happen just because its Friday, and I've noticed on Friday, price likes to stay in a relative zone rather than chasing new targets whether upside or downside. But like i said, we shall wait for price action on the LOWER time frames so we can catch the move be it bullish or bearish.
We have an overbought RSI on the 15M and the 5M, this is just a little note telling us there COULD be a reversal, do not use this as a reason to execute a short trade
Whatever the move may be, we will be here to catch it.
Trade safe, trade precise, tradeflow, see yall next week!
COPPER: Correction may be comingThe chart shows that the big bull market in copper may be weakening and about to correct.
The 2H ATR (amber line) showing the bull strength, is vacillating in its conviction. Finally, there is a trend-switch for the south.
This is a trend following set up - which means if shorting there can be no targets. Stop losses are usually difficult to define, are large and somewhere above the ATR line.
Price of copper is dependent on the US Dollar strength. The DXY shows trends opposite to copper.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Could this be the largest FAKEOUT in bitcoin HISTORY? (BTC)Good evening traders,
First of I've uploaded my 2nd video to my YouTube channel and it's longer than the first with updated and detailed information regarding the first one and how price action has developed, so please go subscribe to my YouTube channel, like and feel free to leave a comment on my post as these things will help my channel grow!
Second of all, we've got a few things to talk about that are quite urgent for bitcoin.
IF, $30,000 holds on this next leg down to test support it would enable me to switch my bias from bearish to bullish in the immediate short term, where you ask? $32,500 seems like a logical place if we can manage to find support and head higher.
BUT, if $30,000 fails and bitcoin wants to go for another dive down the previous target of $27,777 still stands, as well as $28,555. Below $29,200 any bullish bias gets invalidated right away and the leg down to $28,555 will likely come fast. I'll provide updates as price action develops.
If we hold on the next scalp down you'll likely see the next post be a long instead of short.
Go with the trend (the trend is your friend)
Plan your trade and trade your plan.
Please get this technical analysis to 30+ likes to unlock the next post! Also please go subscribe to my YouTube channel and check out my latest 2 video's! 👍
The Aussie has duly surrendered 0.7700+ status against its US...The Aussie has duly surrendered 0.7700+ status against its US counterpart and been below 0.7650 irrespective of Q4 inflation metrics marginally topping estimates, while the Kiwi has lost grip of the 0.7200 handle again eyeing NZ trade data after the FOMC. Further downside expected over the remaining trading sessions this week.
GOLD (XAUUSD) - ABC of the bigger (B) - 30m ChartAccording with my main Indea of the big ABCDE into the Cycle's Wave 4 I think that we stay into the relative (B) of wich the green inner ABC may be a potential path. Also looking at the potential Bat Pattern that is forming. I will look at the marked levels for a reversal up to 1880 - 1910 area.