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Ethereum & Silvergate you actually cannot make this up. I mean when a banks entire operation is based on registered securities sales, NFTs, ponzi scheme yields. Does make you wonder how long does Ethereum have left if it runs on the similar ecosystem? Will be interesting to watch this unfold, even though Ethereum developers locked tokens, what happens when the web3 companies are forced to liquidate after a visit from the SEC? I would not be surprised if Ethereum would be under $200 right about now if the developers did not force lock liquidity. What I suspect could unfold is a giant move back into Bitcoin out of Ethereum. . .
COINBASE:ETHUSD
by FederalXBT
2
Back into $COIN @ support for a tradeFEB 28 $COIN is our largest trading position by far Going to start covering some, not have so much exposure in 1 position Have #stock & sold Put #options ------------------------------------------ TODAY TODAY TODAY $COIN dotted lines served as staunch resistance & support for some time now, 30Min chart 1Hr confirms Had some WAY otm written PUTS still have but had covered most on that last run up Sold next week puts, likely trade most maybe hold few of these #cryptp #CEX #crypto
NASDAQ:COIN
by ROYAL_OAK_INC
Have Gold and Silver bottomed? What do charts tell us?Gold has had a very healthy pullback into a critical zone. Last year it had a significant move down, took out all the lows around 1700, and bounced hard. Despite interest rates and the US Dollar being much higher than 1-2 years ago, Gold has held extremely well. After its rally since its November bottom, it finally pulled back and got into crucial support. To me, it's critical support because that's where the market topped before the last leg down, and a level around which it chopped for a while before breaking out at the beginning of the year. These levels are also crucial because they acted as resistance in 2011-2012, while this is an area the market traded at for a long time. Gold went in a relatively short period, from oversold, to overbought to back into a fair price (all on the weekly chart timeframe). It looks like it will aim for the 2100 level to sweep the double top that formed right after the Russian invasion, as the current structure doesn't look bearish. It feels pretty unlikely that we will get prices lower than 1700 before we take out the highs first. I would consider a close below 1700 a significantly bearish signal, but until then, I see the market as bullish. As it is now at the yearly pivot, it might have one last dip to fill some of the gaps lower and then start aiming for all the higher gaps, along with the double top, as such blatant double tops tend to be broken. Silver seems to be in a somewhat similar position. Silver has a double top created much more recently and has significant gaps to the upside. In my previous ideas, I discussed Silver going up to 24 and topping around that level. My longs worked, but I never shorted, and I am okay that I didn't because it took the trade a long time to work. Timing in trading matters, and you can't be in a short trade like this for too long. In this case, the market bottomed at massive support, bounced, had a healthy correction, and is now getting closer to support again. The chart is somewhat weird, but I doubt we will see much lower prices before seeing new highs. Both for Gold and Silver, I thought lower prices were possible, but until I see a liquidity crisis begin, I can't call for much lower prices. Both formed excellent bases, especially Silver. Gold to 1300-1400 and Silver to 14-16$ before going higher isn't impossible. However, given what's happening with inflation and the financial system, I doubt it will happen. China and Russia are buying Gold; long-term inflation won't get under control, and the risk of a significant financial crisis is looming. I would say that silver doesn't seem to be in a good situation, mainly due to its industrial demand being heavily impacted and the fact that central banks would only buy gold, not silver. So what's the bull case here for gold and silver? 1. Liquidity cycle turned up. Dollar and rates will come down while money will keep flowing. 2. Tensions among countries leading countries/investors to neutral alternatives. 3. Hedges in case of escalating crises of all sorts. It's possible that due to all the material and labor shortages, investing in stocks isn't ideal. Investing in commodities like Copper might be a better alternative, given their importance in a rapidly changing global economy. Gold and Silver might do very well in an environment of many negative changes but might not outperform some commodities that face major shortages. Below we can see the nice bounce of Copper off support and its clean reclaim of the Yearly pivot. For example, Copper could be one of the great beneficiaries of the transition to the green economy and the Chinese reopening.
OANDA:XAUUSDLong
by BitcoinMacro
Gold GC1 - Discard Greed, Enjoy the Tranquility of RationalityGold is one of those things that has always made humans go mad with greed. There's a deeper reason for this that people can't quite grasp on the surface, but the metal has significant inner meaning for many cultures, families, societies, and belief systems. I've heard over the last few weeks that the Chinese Communist Party has been buying tons and tons of gold, and this news has been used to drive the price back to that $1,923 ATH, which for many years, nobody thought would ever come again, and then happened again after COVID, and then was lost. But you should always remember when a government and a central bank is in trouble, and the CCP is in significant trouble with the damage Wuhan Pneumonia and Xi Jinping's worthless "Zero COVID" social credit persecution of his own people has wrought to the Chinese economy, they tend to buy a lot of gold in an effort to make the situation look "totally great." But gold is hard to trade for critical commodities like oil and food, and USD still reigns supreme, whether you like it or not. Of all regimes, the worthless and wicked CCP is the one you want to trust the least. Really, those rogues are the ones you ought have so little faith in that you totally oppose them and cheer on their annihilation. Never forget these words: 'China' is not 'the CCP'. Moreover, Washington/NATO are also not a big fan of Xi's control of the Party. When a whale takes a big speculative cash position, those who count as "Gods" are given an opportunity to dump it in the other direction, forcing their opponent to sell huge quantities of bullion at a loss. Xi and his beloved CCP barely even count as whales at this point in history. They're about as much of a "whale" as Sam Bankman-Fried and FTX were. Think that one over. Moreover, Jim Cramer said in July of 2022 that gold "is one of three things that 'holds its value in a recession.'" Well, gold followed everything else to dump during 2020 COVID hysteria, and it lost 30% of its value during the '08 Financial Crisis too. Here's the problem with gold making a new all-time high this easily: 1. When gold makes a new $2,100+ ATH, it should really take off for a "commodities supercycle" like wheat, copper, soy, corn did last year. 2. Gold's trading to the $1,630 range was merely a gap fill from the April COVID rebound run 3. $1,630 is still $100 above total long-term range equilibrium 3 (b). This means a new ATH now would indicate a stop raid followed by an eternal dump. Possible, but not very likely at this point in history. What I believe will happen is this: Gold will run $1,940 - $1,960, sweeping breakout traders and goldbugs, and finally get hard rejected Gold will pretty much straight line dumpster fire towards a price that is worse than the $1,569 range equilibrium Nasdaq and tech stocks are going to rally so hard that some items like Tesla, Apple, and probably the index itself, are going to form a Bump and Run Reversal Commodities dump as equities are used to draw in "err'body" because they're the only thing going uppy since oil is dumpin' Gold will start to rally once the stocks that draw in retail dead money are topping and are being distributed Gold, oil, and natural gas will go hard as equities begin to languish and correct $3,100 gold will be the signal that every market has met its fated end In terms of timing, the Bank of Japan does its monetary policy thing on Tuesday, and with how much Yen it has had to print to maintain the (all new) 0.50% cap on 10Y bonds, we can expect they will be forced to relax Yield Curve Control again, probably to 1% Imo, this will cause markets to dump and arguably be choppy, but on the recovery/bull side heading into Feb. 1 FOMC. Markets will feign "indecisive" until Feb. 1 FOMC, which is likely to be a 0.25% FFR hike, triggering a mega rally in equities, a rally which commodities stop tracking. All of the above amounts to an exit rally for Japan's old money, which is a simply fundamental driver in the equities market as one of the most liquid populous seeks yield that its own central bank has refused for years to offer. When the 10Y JGB yield is 1.5% Japanese money will leave US equities and start buying its own bonds. YCC will ultimately be relaxed way beyond 1.5%. Once the markets start to dump is likely to be in the middle of the year when the Federal Reserve finally pivots on interest rates. Contrary to the narrative espoused, major market corrections have often followed a Fed pivot, so long as it occurs when the market isn't embroiled in GFC/COVID chaos. The caveat to all this is that if the Chinese Communist Party were to collapse, because of a combination of Xi Jinping is an idiot and the Wuhan Pneumonia pandemic inside China reveals itself to mankind as totally out of control, then everything that has been planned to break both bulls and bears alike will be sharply truncated by a 2,000 point Monday morning SPX gap down. Gold, oil, natural gas, equities, bonds, everything will die like the FTX token did. Nothing will bounce. It's very dangerous. It's very hard to avoid. When people are "bullish on China," what they really mean is that they're bullish on the CCP. This is the hallmark of a total fool. Don't be that imbecile. What a truly wise man does is to make as much cash as possible in lieu of the day that the evil Communist Party and its organ harvesting of Falun Gong and Uyghurs collapses. That is the day you invest in "China" and its 5,000 years of dynasties, its traditional culture, and the Divine path. If you can do that, you'll make Warren Buffett look like a blip on the radar in history. For real.
COMEX:GC1!Short
by LordWrymouth
3
NASDAQ BLOCKCHAIN ECONOMY INDEX🧾 Intro The Nasdaq Blockchain Economy Index is designed to measure the returns of companies that are committing material resources to developing, researching, supporting, innovating or utilizing blockchain technology for their proprietary use or for use by others. The Index began on December 1, 2017 at a base value of 1,000.00. TOP 10 HOLDINGS and Index Weight • As of June 30, 2021: 1. COINBASE GLOBAL (COIN): 2.26 2. IBM (IBM): 1.87 3. ACCENTURE (ACN): 1.82 4. SILVERGATE CAPITAL (SI): 1.81 5. FUJITSU (6702): 1.80 6. OVERSTOCK.COM (OSTK): 1.79 7. MICROSTRATEGY (MSTR): 1.78 8. BAIDU (BIDU): 1.78 9. JD.COM (JD): 1.76 10. SQUARE (SQ): 1.73 --------------------- Total = 18.41 Source: indexes.nasdaqomx.com 📈 Graphic Analysis I believe this week we will see the breakout of that orange diagonal line, peaking up to the 0.5 retracement at $1443.60.
RLong
by andre_007
Silver is gearing for a move up, but is it ready?Silver had a huge move up in 2020, but that was all it managed to do back then. Since its first significant peak in August 2020, it went sideways and started declining. Silver was in a big bear market since 2011, then entered an accumulation range, and then had its capitulation move in March 2020. Then with all the fiscal stimulus, it skyrocketed, but most capital flowed into crypto and stocks, not precious metals. As inflation remains high and interest rates could be near their peak, and investment in metal miners has gone down a lot over the last decade, this precious metal that seems to have lost its shine might be ready to shine again. It looks like silver had a very healthy pullback into the top band of its accumulation range. Now resistance seems to have turned into support, and the market could head toward 24$ in the next few months. The truth is that I don't believe that the market has fully bottomed yet, although it could very well have, and that eventually, it will have on final leg down towards 16$ and bottom there. The main reason I think that has to do with how the market bottom is that there are two double bottoms around 17-18, and there is a little 'gap' at 16. Essentially I would like to see the market test 16$ because I want to see it thoroughly test that untested breakout, the Yearly S3 Pivot, and the Volume Profile Point of Control. Another reason that I think the market will go down there again is that I expect a major deflationary episode to take place in 2023, one that has the potential to create a liquidity squeeze (risk asset collapse) that would affect precious metals too. In my opinion, the current move up in Gold, Copper, Silver, etc., mostly has to do with low production/inventories of metals, while demand seems to have bottomed in the short term. Eventually, the market will get crushed again, but I think the bounce has legs for now. Therefore it would make sense to look for longs in the 16-20$ zone and take profits in the 21.7-24$ area. Shorting 24$ might be a good idea, but I would prefer to watch how the price action develops before I step in.
COMEX:SI1!
by BitcoinMacro
SILVER Can't rise more unless this level breaksSilver (XAGUSD) has been pulling back in the last 3 days following an impressive +18% rise since the September 28 Low. As you see, we've charted Silver's pattern since February 01 2021, which is a Channel Down, most effectively viewed using the Fibonacci channel levels. This is basically the pattern we used to analyze the metal almost a month ago, and it helped us call accurately that bullish break-out: After breaking above the 1D MA50 (blue trend-line), the price didn't reach as high as the 1D MA200 (orange trend-line) but it did hit the 0.786 Fibonacci retracement level, which is the level that the October 2021 rise topped (on November 12 2021) and got rejected back to the 0.236 Fibonacci a month later. The similarities between the two fractals are obvious even between their 1D RSI sequences where are you see, based on the symmetry, Silver might have made a peak similar to that of November 12 2021. If the price continues to replicate the 2021 pattern, then we can target the 0.236 Fib again. The ideal confirmation will be given once the 1D MA50 breaks again. So trade this in accordance to your tolerance levels. The lowest risk buy would be exactly on the 0.236 Fib. On the bull side, the above strategy is invalidated if the price breaks and closes above the 1D MA200 first. In that case, we can start buying again and target the 1.382 Fibonacci extension which was reached in March 2022 at the height of the Ukraine - Russia war. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSD
by TradingShot
Round 2 for Bitcoin? A Rally to $25k, then possibly $35k?I'm starting to think capital will aggressively move into speculative safe-haven assets (gold/silver/platinum/bitcoin) over the next 4+ months as the global markets address Fed, stock market, credit/debt risks. If this is the case, then the $18,975 level becomes a critical line of support. Not that the Fed has fired off its round (rate increase), will capital move away from certain sectors and start rallying into safe-haven assets? Time will tell...
BITSTAMP:BTCUSDLong
by BradMatheny
3
XAGUSD Hit the 1D MA50. Major break-out possible!Silver (XAGUSD) hit today its 1D MA50 (blue trend-line) for the first time in 4 weeks (since Aug 17). It did so after rebounding on an Internal Lower Lows trend-line similar to that of August 09 - September 29 2021. This is basically the formation that emerged within the 1.5 year long-term Channel Down pattern that has been dominating the bearish trend since the February 01 2021 market high. The Aug-Sep 2021 fractal rebounded after hitting the Internal Lower Lows and following the 1D MA50 break-out, it hit the 1D MA200 (orange trend-line) on the 0.786 Channel Fib retracement. Notice that both fractals made the 1D MA50 test on the 0.382 Fib. The 1D RSI patterns among the two are also similar. As a result, if the price closes above the 1D MA50, we will target the 1D MA200 or the 0.786 Fib (whichever comes first, most likely th 0.786 Fib will). We are only willing to short if the price closes below the Channel Down and target the Bearish Extreme of -0.382, just like the Bullish Extreme of the March 2022 Russia - Ukraine war, targeted the 1.382 Fibonacci extension. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FX_IDC:XAGUSDLong
by TradingShot
4
XAGUSD At the bottom of the 2 year Channel DownSilver (XAGUSD) has been approaching the bottom of the long-term Channel Down that has been trading in since the February 01 2021 High. This makes it an automatic technical buy targeting first the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) in extension. This is depicted on the 1D RSI as well which is rising after breaking below the 30.00 oversold level. As long as the bottom (Lower Lows) trend-line holds, the price action is a buy. If it breaks, we may see the price drop as low as the -0.382 Fibonacci extension, which is the symmetrical move that happened during the March 2022 war extreme. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FX_IDC:XAGUSDLong
by TradingShot
1
Silver Breaking SupportFor a few weeks now I have been watching the key Support of 19.42 on AMEX:SLV which corresponds to 21.00 on Silver Futures COMEX:SI1! : This is a long term Weekly Timeframe support established by the COVID Low through February 2021 High. I made a video about this High then because around the financial media there was a meme encouraging retail traders to BUY SILVER to create a SHORT SQUEEZE and stick it to the hedge funds (see Video link below)! My video went back through news article history to show that this same meme had been used to dupe Precious Metal Bugs into false breakouts 4 out of the 5 times in the last two decades. Q1 2021 was a good time to piggy back on the "Short Squeeze" meme and resurface this old one in Silver. Well, now the record shows that 5 out of 6 times the "Short Squeeze Silver" meme has failed as Silver continues to trade lower 17 months after the fact. This is why it is important to be highly skeptical of mainstream financial media. Often times (in my conspiracy theory) they are put out by PR departments of the funds themselves to manipulate market sentiment in some firm(s) favor. With this break of support Silver enters what I call "The Valley of Risk" where holders are faced with unknown losses as Supports become less clear. I am forecasting a fall into the mid-teens over the next few months. I have expressed this thesis in Put Spreads through the end of the year.
AMEX:SLVShort
by norok
7
GC - GOLD GLD - Finds DemandWhoo Hoo, only managed to drop $140 form where I was being told it was a Buy. Yeah, nw, wrong again. Peter, Lynette, Dave and crew can continue to wank the Bugs, it's healthy. 10year pulling back with DX will provide some taiwinds for the Yellow Dawg. ___________________________________________________________________ Ultimately Uncle Kook will be coming for it. Plan for it. Toe Stibs and Door Stops.. useless in Economc Colapse. COT Lined up against the noobs, althoguh less so. Thye'll be back, they always come back.
COMEX:GC1!
by HK_L61
2
Silver - 2 Hour SIThe yard relic, garden gnome, bridge troll continues to suck in the misinformed. Thank the Bill Holters, Peter Schiffs and Ghost of Dave Morgans of the Community. It simply never changes. ____________________________________ Idiocy in action, following the same Lynette Zang echo chamber trade. The above carnies.... make $ selling you Shiny rocks. The chart is terrible, COT favors Door Stops, Toe Stubs and the ever-present pool of fools willing to eat the candy and destroy their livers, kidneys and end up #AmberTurd. Good Luck faithful, it isn't a faith-based trade.
COMEX:SI1!
by HK_L61
Bullish Gold? Not really - Gold would have to breakout over $1900 Last week we touched 1847 - which held, and then price dropped to about 1830 Running into a trendline which was on my chart - this trendline held. See chart at bottom. Firstly all the shorts lined up at 1845-ish got beat today. As price worked up to the next Fib level - exactly. I realize that many will see this as bullish as Gold went up while the markets were selling off - to my mind it was just a stop run. Still believe we'll head lower but right with Fed meeting tomorrow - all bets are off. Its possible that they will sweep the book - go higher and then pull the rug. You'll need expert video game reflexes to stay ahead of the Gold in next day or so. Rather than play the futures market - I've opted for safer puts in GLD - 169 Feb 18 expiry. I had closed my previous position for a $10 winner but it did not hit target - but honestly I took it off because of the upcoming Fed Meeting.
COMEX:GC1!Short
by Maximilianned
MARGIN DEBT - An ST PeakThe Peak for Intermediate Margin Debt peaked in July. After 15 months of elevation... It has declined 4.48% as Fear and Uncertainty have taken ahold... this appeared in the most recent release in Consumer Confidence, which Collapsed. Although the Gross Notional is nowhere near the highs as a percentage of Total Assets Value, as we have repeatedly indicated, the Trend is clear. It serves as further Confirmation of the Distribution Patterns we have Indicated for 47 Days. Technical Metrics clearly illustrate this among Larger Daily Divergences present within the Equity Complex. While BR/VG continue to accumulate an Outsized VX Position, the "Investor, HODL, MEME, Retail Trader, Speculator and well oiled Degenerate Gambler" Class continue to twaddle with even fewer outright purchases.... Instead, levering up with Options as Margin Debt continues to head South. The perfect setup is nearing completion. The exits are too narrow to prevent 95% of the above Casino participants from being harmed. We attempt to promote Sanity with respect to Trading and although a great many find it offensive and "Abusive" - it is not. To bad choices there are extreme consequences. It is your Capital, your choice, your decision. HK seeks opportunity, nothing more... clinging to Coat Tails of those in Control. Following Obeying Profiting To Win, there must be a Loss. We are taking a large SELL Position, the largest since August of 2020. A minimum of an 11% decline is the Lower Target.
FRED:BOGZ1FL663067003QShort
by HK_L61