USDCAD - SPECULATION UNTIL CONFIRMATION.Potential future moves. We sit neutral without a confirmation on either moves.
1. Price will continue its bullish run since completing our double bottom pattern... and run from the neckline (CMP) to our resistance line that has multiple wick rejections.
Keep in mind, price may consolidate a little at our current area before price action shows us who is in control.
2. Price will continue down to our support line / double bottom level, retest the neckline then continue a bearish trend.
Do not forget to take advantage of shorter timeframes to get a much more detailed view of the market.
This will allow you to spot the perfect entry using price action candlestick patterns at a targeted level and or area!
Speculation
Inverted scale full reversal - Haydale GrapheneProvided this company, Haydale Graphene(HAYD), move out of research and start-up phase into profitability and sustainability, they could see a full reversal to breaking their IPO price.
TA used:
Powers of Two
Wave Theory
Gap Theory
Niche market: Graphene, an invention to application product.
RISK - Speculative, possibility of complete capital loss (up to 100%).
Failure Scenario - Haydale Graphene dissolve operations as they couldn't find a product or become profitable.
This is not advice nor a recommendation.
Litecoin. (LTC) Will History Repeat itself?? Whatup guys, to be completely honest... Im not in the mood to type haha The chart is self explanatory, but ill lay out the basics. So LTC just had its block reward halved not to long ago. Although most of the markets attention is on Bitcoin, Litecoin is another I like to keep an eye on. Just like Bitcoin, Litecoin has a limited supply which in my opinion, makes it much more valuable. Crypto is notorious for trading in identical patterns formed from previous price movements. Whats everyone opinion on Litecoin? Do you think Alts have a chance or do you think Bitcoin will obtain even more market share in the future?
CCJ BottomReally like what I am seeing here. Very possible 1-2 1-2 pattern forming. Looking as though an entire EW cycle which started in 2001 may be complete. I like this play because I believe the entire uranium market is looking for a bottom. I know may traders that are interested in the market. I have also talked with a trusted CFA and he also likes this stocks numbers. I am confidently buying here between $8-$9. When the fundamentals are strong and the technicals align with the narrative, price discovery can be powerful. I am #Bullish.
BTC: TA and speculative price movement in August 2019.All Momentum (Blue), Acceleration (Lime), and Jerk (Red) are all positive in the MAJESTIC (MAJ) oscillator. However, it looks like it will be making a turn-around in the short turn, to retrace the gains made, and retest the 10k level, before completing a final "W" pattern and then breaking out upwards from the descending channel, marking the end-point of the first massive flag into another.
XOM: Consolidating as oil prices rise, watch for pro tradersXOM is in a consolidation as oil commodity prices are rising. This offers incentives for pro traders to enter ahead of any HFT activity. The bottom has some buybacks in the candlestick structure as well. The goal is to generate speculation among the retail crowd.
ADA to $0.16USD Before April 30th 2019My prediction is simple. I believe that Cardano ($ADA) will go to 0.16 due to Coinbase Listing. Of course this is a short term hold , but i see great fortune for the ADA team. Of course ADA can go higher but i'm taking a conservative position aiming at $0.16USD. Growing from less than $0.04USD to over $0.90 has more doubled your money. You'll do 4x if you bought at 0.04. If you buy at 0.10 , you'll achieve 60% ROI. Pretty good I believe.
Set your longs gentlemen.
GET RICH BY 2020
XMR 2.6K USD Q4 2019Monero ($XMR) is a secure , private and untraceable cryptocurrency which is used often on the dark web as a means of exchanging value.
Monero functions like Digital Cash . And it seems to follow Bitcoins original rise to glory , as Bitcoin was used on Silk Road and multiple other markets back in the early 2010's. Monero is untraceable , which governments fear. If Governments like France encourage and adopt counter measures to stop Monero being used , it will only encourage others to use it. This will drive more mainstream adoption pushing up the price of Monero. (It seems odd but if you make something illegal , it actually encourages the use of it. Example when marijuana was facing prohibition , it was "Illegal" and "Mysterious" which made people want to do it more.) They cannot stop a decentralized protocol which exists outside of their control.
The banks and governments it seems , will want to buy as much of this cryptocurrency , they can to ensure that they can control the supply of Monero and thus be able to "Slow" and or try to stop Monero from progressing further in its route. (which of course , they will pay a premium to do so)
A lot of people have vested interests in maintaining the network , and they will not let the network fall.
Monero is backed by many PhD's in cryptography , which has MANY research papers on the Cryptonote Protocol , Ring Signatures and other use cases of Monero.
Some coins such as $ZCash offers a "Trusted" setup , which is essentially , an accountant who has access to your offshore bank account. (And 20%)
Monero is a coin , which is PRIVATE BY DEFAULT. And doesn't have the "Trusted" Set up. Only you control your funds. No one else.
Of course 2.6k is a conservative speculation... But i'm assuming Bitcoin goes to $100,000USD by Q4 2019.
Which would make Moneros Value 0.026BTC or $2600USD by Q4 2019.
Ethics
Remember that money is simply a tool , and can be used for both good and evil. If someone gave you 5k , You could pay your rent or You can buy your kids some food. Or you can buy a gun. It's all up to you as an individual. Monero can be used for good and evil , but at the end of the day , it is secure and private and untraceable by default and it will rise in 2019.
Brexit - is this the end? A look back at the market in the run up to Brexit, With the countdown about to strike exactly 10 days until the deadline what are your thoughts on the market.
This chart is not financial advice and is only a look back at the lead up to Brexit.
Below is some links to large news story's that came out that had effects on the markets.
----- References On Chart To News-------
Fig 1 - 7th OCT
Ref - Money CNN - pound-flash-crash-currency-brexit
The British pound suffered a jarring flash crash on Friday, nosediving more than 6% against the dollar in a matter of minutes.
The shock move in early trading in Asia left investors stunned and analysts blaming computerized trading programs for intensifying the dizzying drop.
"It was just another quiet day in Asia, and then, Bang! All the lights went red," said Matt Simpson, senior market analyst at ThinkMarkets in Singapore.
The pound had already sunk to a fresh 31-year low of around $1.26 on Thursday over deepening concerns that the U.K.'s split from the European Union will hurt the country's economy. Strategists had widely forecast it would go lower, but not as rapidly as it did on Friday.
A plummeting pound could boost British exporters, and companies that make most of their money overseas, but it is pushing up prices of imports such as the iPhone 7 and fuel for airlines. It's making it more expensive for the government to borrow, and putting the squeeze on Brits living abroad.
The flash crash yanked the British currency down to near $1.18, according to Factset. It recovered most of the losses soon afterward to trade around $1.23.
Why the U.K. pound is still crashing
"You're seeing six months of forecasts in less than six minutes," Simpson said. Earlier this week, he had forecast the pound would drop to $1.20 by April.
Experts speculated that that the extreme drop could have been caused by computer trading programs, human error or a big market player making a very large move.
"Trying to find a trigger can become like looking for the snowflake which caused the avalanche," said Simpson. "All we know for certain is that there will be a lot of investors nursing some very large losses from all of this."
pound dollar flash crash chart
Jeffrey Halley, senior market analyst at online broker Oanda, said he believed the crash was sparked by reported comments from French President Francois Hollande calling for tough Brexit negotiations with the U.K.
The remarks were enough to push the pound below the key level of $1.26, leading to "an aggressive sell off in a very thin 'twilight' market," Halley said, referring to the time of day when U.S. traders are winding down and their Asian counterparts are just getting started.
The initial fall set off waves of computer-driven selling that deepened the plunge, he said.
Some market watchers said the trading was so chaotic that different data providers gave different numbers for the pound's lowest point. One put it as low as $1.13, according to Halley.
The pound has taken a beating this week after British Prime Minister Theresa May said Sunday that the U.K. would begin the formal process of leaving the EU by the end of March. The exit will happen two years later, and the U.K. will give priority to controlling immigration.
Related: $1.3 trillion at stake in Brexit breakup
European leaders have made clear that if Britain does not allow free movement of EU citizens across its borders, it will lose some of its rights to access the free trade area.
So investors are fretting again about two key issues: British exporters may find it harder to compete in Europe, and the country's banks could lose the ability to do business freely across the region.
The U.K. economy has proved more resilient than expected in the wake of the vote to leave the EU, with the sharp fall in the value of the pound and a big injection of money from the Bank of England helping limit the fallout. But some analysts are predicting that the pain is far from over.
uk trade click image
The pound is now down more than 16% since Britain voted to leave the EU.
Halley noted that even after the British currency clawed back some of its losses Friday, it was still down roughly 2% from the New York close. That's a significant move in foreign exchange markets and could suggest further weakness lies ahead.
"It does point to a revisiting of these lows at some stage," Halley said.
FIG 2.
Search Google
the-great-british-brexit-robbery-hijacked-democracy The Guardian
FIG 3.
Search Google
brexit-aftermath-uk-inflation-data-for-april-2017-5 Business insider
"Risk Management" (Traders) vs "Right or Wrong" (Analysts)In this video I explain you with a real time trading context, what the major difference is between a trader and an analyst. Because that's how you'll easily make the difference between the one that actually trade and manage its risks, and the one that just talks and do nothing ! Always remember that if you want to learn how to analyse a market, the follow analysts ! If you want to learn how to trade and manage the risks, follow traders... ! Because being right or wrong is nothing but bullshit in a speculative prospective !
Bests,
Phil
Seems like another speculation. History repeats itselfI still think that GB is not going to leave the EU. I think Great Britain made good speculation for creating Brexit with 51% to 49%. This is how London is going to create some extra money from normal people. Are they are going to leave or not? Maybe it's time to buy ?!? :) Head and Shoulders pattern.
P.S. History repeats itself.
BNB will fall!This is a BNB/USDT speculation. The bearish trend in BTC is still going, while there are signs of a reverse head and shoulder pattern, there is still a high change that BTC will fall because the bearish trend is strong.
BTC has a lot of influance on the price of alt coins. Because there is a high change BTC will bottom again, that there is a also high change BNB will fall down with BTC.
Inverse H&S to be completed in the future! Hello!
Here is my opinion of gold's probable future price movement.
The first leg down will happen because of the fake rally in the traditional stock markets now because everyone is urged to buy and are guaranteed a "safe 2019" following the latest news articles in the financial markets, i speculate this because inversely that is roughly where the supply area is at if looking at S&P 500 and Nasdaq 100 which leads the way for all the market.
When orders will be hit equally same will happen in gold forming the right shoulder and a surge upwards piercing the current area of its supply (1300) meaning a small accumulation before continuing and a completion of the inverse H&S pattern seen as a bullish sign later breaking out towards 1360-1380.