GOLD 2015 - A Longterm PlanPlans for both sides for the next year.
The upside is more likely in my opinion and has the potential to continue beyond my target of 1522.
The downside is limited. If it continues going lower from 830,
you can assume we are in a gold crisis or something like that.
Anyways, once the current correction down from 1900 is over,
you can expect a steep reversal and continuation of primary uptrend.
Stochastic RSI (STOCH RSI)
Will Bitcoin crash? Or is now the time to buy Bitcoin?As you can see the Stoch RSI is in oversold area, the Money Flow Index (MFI) looks like it's going up and the Coppock Curve is at a low momentum.All of these correlations don't mean that the price can't fall lower, but it can mean that there is soon room for growth from this low starting point. Interestingly we are at Fibonacci Time Zone 3 based on last Summer's uptrend which started at $63.
I will watch which direction we take from here. I hope we make a double bottom at $445 or $450 and go up from there in October.
The easiest way to decide to buy or sell BitcoinThis Gann fan is hitting so many pivot price points (marked in blue rectangles) that it seems to be worth watching the coming weeks.
It makes forecasting easy. Either we stay above the 9/1 Gann fan which started in Summer 2013 and slowly start a new uptrend in Winter 2014 - or the price falls much much lower.
ESPN was paid in Bitcoin - Bullish MACD crossover in daily chartLess bearish and more bullish signals in the 1-day chart. And we have positive news thanks to a Bitcoin payment service:
- BitPay Reveals it Paid ESPN Bitcoin for Sponsorship
www.coindesk.com
www.bizjournals.com
ESPN's slogan: "The Worldwide Leader In Sports". They are a U.S.-based global cable and satellite television sports channel. BitPay executive chairman Tony Gallippi announced that his company paid for its upcoming college football bowl game sponsorship in Bitcoin.
"The sponsorship's price was undisclosed, but it likely came in at about $500,000 a year over the course of the three-year contract." Tampa Bay Business Journal has estimated that its full contract with the broadcaster is estimated at roughly $1.5m over the course of three years.
Last high today was $515 after a $487 low several hours ago. We are above a two year weighted moving average.
(In the background of my chart are multiple Gann fans from 2011, 2012, 2013.)
NZD/USD Exhausted And Going Down To Rest a Bit Or TwoNZD/USD is in a down trending channel and my bias is short (To take a look at the one related idea).
Bases :Bias, Channel, Stochastic RSI
SHORT SETUP
IF price reaches 0.86962
THEN i will go short, and place my tp order at 0.86459, but sl order at 0.87151
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Signls
IF This Stochastic RSI crosses the 80 oversold zone it will be a bearish signal.
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Specifications
R:R (ratio) 1.45
Time about 2h-7h
Thank you all for viewing if you like my stuff and want more you can look at it follow me and like my ideas. And as always wish you to strike it lucky.
EUR/CHFA short position in EUR/CHF
>The moving averages are still in order meaning the bearish trend is still intact
>StochRSI just intersected 80 signalling the start of a new short term trend
Entry is at 1.2214. Risk is at 1.22365(the 200 day moving average), and reward at 1.217
>at 1.2192 move the stop loss to break even
Very Well Definded Bull TrendOkay, so this is not Bitcoin (har, har) but the reason I did this was I was curious as to what my other investments were doing. As it turns out there was a very clear trend channel that formed while I wasn't looking for I think 2 years (yeah, set and forget investment LOL).
StochRSI divergence means there is going to soon be some type of break in the trend it will go down soon.
ATR has typically been peaking when the prices peaks. The latest dip showed that as ATR went up price followed. The trend looks like it could continue but I expect StochRSI to go OS (OVERSOLD) in the next round.
I didn't think about posting this chart but once I posted it on social media I saw that StochRSI and very clear divergence as well. Granted this won't get viewed at all but it amazes me how much slower things move in stocks and ETFs.
Slowing downtrend (Keep things simple…)The fibonacci retracement is in place in order to show the price levels that this has followed on it's way back up from the initial dump and the overall downtrend.
MACD Oscillators show that we're in the same position as the last big leg down. Stoch RSI confirms that, as well as the positioning of candles and the 50 SMA, and 10 EMA.
The 50 SMA aligns with the downward trend line at this point,
Buy volume is still light in comparison to sell volume.
I believe we could see $350 before this turns around. Anything below $340 could mean for lower 200s by the fall. If you are long I believe you should sell here and buy back after the next drop.
Bearish for now...Overall most of the indicators point to the fact that we are not breaking the trend. There is SOME volume, but not volume the way we saw in the bubble. If anything it's volume that supports price stability around this range, however I think selling could be imminent.
The same pattern of volatility has taken place all the way down the trend line in respect to the bollinger bands, however the bollinger bands have been shrinking and volatility is subsiding. This is a good thing and I believe it may lead to gradual growth. However, this may be like the last bubble in a sense that we may not see any strong movement from here for at least a year. (Great for adoption of bit coin which can drive the price over all)
Stochastic RSI is overbought here. I believe this will drop to oversold before we start to make the slow run up.
Average True Range is an interesting indicator for Bitcoin, as it seems that we're flattening out the way that things were pre-bubble, again somewhat supporting the theory that we're losing volatility.
I'm not exactly sure how to address the MACD in relation to everything else. It supports upward movement, somewhat but not in the manner where you would want to call the bottom and make any type of swing trade.
I'm short until the mid-400s, but as a miner I have every intent on seeing the market from a bullish perspective in the long term.