Get started

State

The unknown obvious: fundamental state of a market...... of individual assets Is always a directional movement, never a range, mean-reversion or whatever you call it. It’s very easy to prove, you can divide every range by trends, but you can’t divide trends by ranges. Even with a help of some mental gymnastics and self-lies, by telling yourself, “I can divide this trend segment by several ranges one after another'', by continuing doing so, going higher and higher in resolutions, at some point you’ll reach ticks that can’t be divided further. Here you can say that every tick is a tiny range of its own. However, suddenly you remember that every tick is either up or down, which is a tiny trend of its own, and from this point you ‘really’ can’t divide it further. So, DSP mindset is conceptually wrong and not applicable to the markets, unless you're trading composite assets (pairs, spreads, whatever), where range IS the fundamental state. Market Is not a signal there’s no noise there lol , use DSP for music to make dope EQs and saturators, and use the real technical & real quantitative analysis for trading;
NYMEX:CL1!Education
by gorx1
3
XMR/BUSD Expanding PhaseMonero (XMR) is setting up for a bullrun, just created its second wave of expansion to the upside, holding higher with huge demand, still without making any significant correction, which soundly demonstrates that the market's appetite for Monero is at its very early stages, as central banks keep on steamrolling their stimulae packages, printing money like there's no tomorrow, governments cracking down on fiscal havens, setting a worldwide minimum tax rate, public-blockchain heavyweights like Bitcoin (BTC) & Ethereum (ETH) getting increasingly discredited by those who see their every transactions tracked by IRS or its equivalents, due to conventional banking institutions reporting "know your customer" (KYC) details to the US authorities for tax-evasion mitigation, under the pretense of "anti money-laundering" (AML) & "combating the financing of terrorism" (CFT), which are all state measures to curtail individual liberty and force people to acquiesce to the forced wealth confiscation that conventional finance is accustomed to uphold, all of which is defied by Monero and other privacy cryptocurrencies.
XLong
by acsedward
Bilateral chart pattern spotted in Cable (GBPUSD)The momentum is good on the upside so far but I don't wanna provide any signal at this point knowing the fact that this traditional chart pattern which is an ascending triangle pattern falling in the bilateral family tells us that "Be ready I am about to fall or rise soon". The direction is not fixed in such chart pattern and can go either way so but it's a good hint for now as the price is either trying to continue higher or pullback in the coming days. Interest decision is around but I don't think they will drop further lower. do you expect them to make a 0% benchmark rate? No right? If you think so buyers may not have much issues, either way, I don't mean to buy but be alert in a nutshell. A pair to have in the watchlist.
by jessi061
5
USDJPY Rising Wedge in Uptrend Possible Reversal?I guess yen will have some probabilities technically as the price was pumped a lot in this major pair and now falling backward after price breaking lower from the rising wedge. Technically if the rising wedge forms after an uptrend, it’s usually a bearish reversal signal. If we can see a falling DXY indicating some weakness in king and rising wedge in an uptrend which breaks lower this major pair may fall backward I assume. Momentum are showing bearish domination in stochastic as well.
Short
by jessi061
2
USDCAD Weak Bear!Kinda feels like the bear has no much strength to even drag this pair further deeper. We have seen good gains on the comdolls from the beginning day of the week. Equity market did raise well and mostly TVC:DJI but talking back to comdolls at the moment bearish are weakening. Feels like there could be more probabilities for upside rather than the downside as long as this contagious virus doesn't stop pressurizing the world creating a further financial crisis that will not be ok thing for a currency like a loonie.
Long
by jessi061
5
BAMM - Great Momentum, Flagging before next Push CSE:BAMM OTC:BMMJ Body and Mind closed friday with a doji candle, possibly signalling a short pause before advancing. We have kept daily higher lows intact since March 19th, consolidating on the hourly as we advance. The weekly chart looks very strong with increasing price, increasing volume, big green bars closing at or close to the high. However I would expect to see a bit of a weekly flag before pushing into the $1.00 range. Meaning we could see this first week of April, trade sideways in the 90c to 98c range before we push higher. This would be completely healthy and will be a good chance to accumulate below a dollar before we push higher. On Thursday we had a bullish cross of the 50day SMA over the 100day SMA and have two very strong up-trend lines that we can play off of in the coming days. The RSI is a little heated right now being that we have been over 70 for the last 6 trading days, thought for reference VFF (Village Farms) spent almost 2 complete months over 70 and only half of that period was in "blue sky breakout" so this indicator is not to be solely relied on. We have been hugging the top of the bollinger band for two weeks (11 trading days) now, so a bit of sideways action will help cool this indicator off as well. Volume has peaked a couple times but is sustaining above 350k which is double the 50 day average volume. Resistance 98c and $1.00 will be our next two resistances, based off the Level 2 (market depth) data there have been some sell blocks posted there for a couple weeks now, should not be a big concern given the momentum but id expect a pause around there to chew through them. after that there is not to much up to $1.11 and $1.20 which is our 52 week high Support 91c and 92c are our last two daily higher lows, holding those as we go sideways will be strong. 85c is our critical support to hold now on any daily consolidation that could potentially take place This stock has plenty of strength and can see it moving higher before any medium term consolidation takes place. Volume has peaked a couple times but is sustaining above 350k which is double the 50 day average volume.
CSE:BAMMLong
by justin_paul
5
BAMM - Bullish Momentum, after cracking mid 80c resistanceUpdated: After a strong close to the week on Friday, Monday saw a battle against long standing sellers, viewing Lv2 over the past few months there were large asks stacked from $0.80 all the way up to $1.00, these asks totalled near 1 million shares. This made an extremely heavy resistance zone, however after 6 full trading days around $0.80 the Seller capitulated and had enough liquidity to exit their position in the low 80c range, this was a strong testament to the bulls here and weakness from the seller. Today had decreased volume but with little resistance left and seemingly less reason to sell at these levels the price broke out above the 90c level for the first time in nearly 4 months (December 6, 2018). In my opinion this strength lends to the ability for BAMM to continue its momentum push upward, being currently valued ~$66 million dollars, Body and Mind had a buy out offer 15 months ago from TGIF aka 1933 Industries valuing them at ~$115 million, with significant business growth in the same time period, a share price target of $2.00 would get them to a little more than that $115 million dollar market capitalization, but warranted given the growth. Financials were posted yesterday on Sedar, and demonstrated 303% YoY growth in Gross Revenue for 6 months ending January 31,2019 and 44% YoY growth in Gross Revenue for 3 months ending January 31, 2019. These financials show great growth, however do not yet capture their new dispensary in Ohio, the Clubhouse which opened February 20th and sold out first day, showing the demand. Nor can it include yet the revenue from their investment in GLDH - ShowGrow which is a Highly profitable private group of 4 dispensaries in California and Nevada, but not fully rolled into the company as of yet. The next 6 months should get really exciting revenue wise and could make this a great entry for the next 6+ months Original Post: After a 3 month long consolidation with-in a pennant US Multi State operator, Body and Mind: BAMM:CSE or BMMJ:OTC has broken out bullish with increasing volume and price CSE:BAMM . Fundamentals of the company are strong, with significant operational growth in the past 2 quarters. Financials are due out soon and should begin to reflect the growth in operations. With backing from Australis: AUSA:CSE, this could be a great long entry for a Small Cap MSO that has big growth potential in California, Nevada, Ohio and now Arkansas.
CSE:BAMMLong
by justin_paul
1
BAMM - Volume Precedes Price After breaking out of PennantAfter a 3 month long consolidation with-in a pennant US Multi State operator, Body and Mind: BAMM:CSE or BMMJ:OTC has broken out bullish with increasing volume and price CSE:BAMM . Fundamentals of the company are strong, with significant operational growth in the past 2 quarters. financials are due out soon and should begin to reflect the growth in operations. With backing from Australis: AUSA:CSE, this could be a great long entry for a Small Cap MSO that has big growth potential in California, Nevada, Ohio and now Arkansas.
CSE:BAMMLong
by justin_paul
1
Optimism?Petrobras in a new management. The new president says that he intends to rescue the company of an "organized gang", and will attempts partnership with shareholders to raise the economy of the company. In the other hand some scholars do not agree with the Parente's (new Director) proposals and intend to struggle against the reform in the company. In my view, I am optimistic about the change in the company and the way of the Lava Jato (anti-corruption investigation) is taking. From now the trend is improving, though bad times are still to come! Be aware. BMFBOVESPA:PETR4 BMFBOVESPA:IND1! Kind Regards.
BMFBOVESPA:PETR4
by GFauth