Tradinganalysis
DXY for next week! added the comments onto the picture but staying once again neutral with this pair going into next week after my last video posted about the DXY following price action and played out well but price is at a strong area at the moment and closed above so we have to see how the index plays out for next week but theirs a few things i will break down in a little video later on :) happy trading guys and girls.
The buyers are pulling GOLD higherPrevious metal Gold on the 4 hours chart has been in an uptrend since 12 November 2019 when it registered the lowest price level of the period under study at 1445.54. Since then, the precious metal has been forming successfully higher tops and higher bottoms. At time of writing, Gold is moving around 1475.21 above the 20-period and 40-period simple moving average respectively.
Additionally, the oscillator analysis indicates positive sentiment for Gold. The 14 period RSI Oscillator (Relative Strength Index) is above the 50 level - a fact that shows that the buyers are control of the market. The 23 period Momentum Oscillator is also above the 100 mark, which illustrates bullish movement in the precious metal.
When attaching the Fibonacci Retracement tool from the top at 1469.14 and dragging it to the bottom at 1462.6, three price targets may be calculated. The first target level is projected at 1473.18 (161.8%), which has been successfully reached. The second target level is estimated at 1479.72 (261.8%). The third target level is forecast at 1490.30 (423.6.8%).
It remains to be seen how much higher the bulls will manage to pull the price of the Gold.
A Clear Cut View of the Bulls Macro PathHere is an in-depth analysis of what to expect for bitcoins run up in to the end of 2020. Using Backtested Extrapolations of very key points in Bitcoins recent history I have been able to define a path way of which bitcoin has been following thus far to a "T".
Being that the bull runs will become more elongated each time we have one, we are looking at a double up in the amount of time it will take to complete this one. Our last bull run lasted an apprx 360-365 days (depending on where you land the specific dates). Starting our ascent in December of 2018, bottoming out at around the $3k level, we have shown possible strength to have already started this next bull run. If it was a disbelief rally, I do believe that the 5500 Confluence of Resistance plus the massive cluster of resistance between $6k-$7k would have held us down to continue the bear market back in early 2019.
Proving the impossible possible the bulls sliced through it like warm butter and hot knife. We have touched $6.5k for a brief period of time in Mid November 2019 and have rebounded from it quickly and stayed about the $7k mark. Shown by the green diagonal support lines (representing the 200MA zone) it can be deduced that we may see $6.5k again but as long as the support is not broken we will be accumulating sideways till Late Jan 2020- Early Feb 2020. to bring us through the 2 year anniversary of the Bubble pop of 2017 (being a major psychological time period for bitcoin traders, although you should learn to get used to it as you will soon see a pattern ;) ).
Projected 2nd Run up will peak at the Bitcoin Halvening for 1 fact and 1 fact only, "LET THE FOMO BEGIN". Its known in Bitcoins history that the halvening has marked a spark of green in the candles causing a savory spike in the price that traders do not choose to be left out from. I for one can understand this completely, but looking at it from a health market point of view, this would be the second (textbook) Run Up needed to be able to prepare for the parabolic rise that is known as the Bitcoin Chart Pattern.
Not only (as indicated by the grouping of the 3 vertical lines in specific areas) does time frames of 6months separating each key event in bitcoins recent history we can speculate that May - June 2020 will be another trend cool-off with a classic 40% decrease in price (as we have just experienced with our rise from the ashes to $14k). It is only healthy for the market to pull back before having its time to shine
Remember as the Bitcoin veterans have always done...
Keep Calm... and HOD'L On
Peace out All,
CryptoGavin
Possible CAD/JPY Short Position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Chart time frame - H4
Timeframe - 2-3 Days
A – Activating Event
Market will meet resistance in zone @ Current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 81.626
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 81.626
Target 2 @ ....
Risk/Reward @ 3.1
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
Please Follow, Like,Comment & Follow :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Corrective ABC structure down In the subsequent decline from a wave 5 top at $4.60 on 29-Jun, We've been in a corrective ABC pattern. Decomposition of this ABC pattern, with the anticipation of the completion of the final leg, is shown in this chart.
XAUUSD Longterm Outlook and ThoughtsJust testing out some new concepts, so I'm not 100% married to this outlook as it differs from my usual analysis, but regardless let's see what it tells us. Keep in mind when I make my targets (shown as BCD in pink), I expect the market to pivot within some range of that price (as indicated by the pink boxes), as is the case in all my charts.
We are currently in the midst of an uptrend which I see pivoting around $1665 (B in pink). So we can take some Buys up to around that price, but be weary of possibly at least one more small pullback on the way up that may take you out of your trade if your SL's are too tight. From here we can expect a leg down to around $1175 (C in pink). Since this itself will take a few years to play out, I don't think it's worth discussing the targets that are further out at this point in time. Let's see how it progresses.
Train Line Sell and Breakout Weekly Support LineEURUSD now market control of the seller. Breakout Weekly Support line. Now you want to next trade just wait for pull back resister line and wait for confirmation. This design have a my won experience.
BTC moving towards 563% rise to new ATH???What if point "B" is replicating point "A"?
Point A and forwards shows the BTC rally to ATH from 3000$ to around 20000$ post the BTC halvenning of 2016.
At point A, somehow similar to now, the price was going down, expected to touch the support zone but it bounces back before touching the bottom. There is a rise of ~80% and correction of around 12%, again rise of 53% and the correction of 32% and finally leading to ~263% of correction giving a new ATH.
What if point B is the starting point for the rise we saw in point A?
I am pointing out a few things that somehow say we are close to the same point
1. Institutional investors are bullish on BTC. Goldman Sachs recently pointed out a new break out is not so far (though we should not rely on SMART-MONEY and their FOMO/FUDS)
2. BAKTT finally announced that they will be live in September
3. Earlier, we had a post-halvenning rally for BTC. This time, we may get pre-halvenning rally as investors have seen the impact of halvenning on the price of BTC. So, the halvenning FOMO may start before the halvenning and lead us to a new ATH
From point A, BTC went to ~20000$ from 3000$ i.e ~567% rise just in ~96days. We may see another ATH within another 100 days :)
(It is just my opinion; I am a learner, learning and trying new things. This is not an investment/trading/financial advice. Do your own research, trade safe.)
Your opinions are appreciated!
Thank you for reading!
NZDUSD SELL TP_0.6493_2.61%_0.0174pips_SL_0.0024_0.37%_0.0024pipNZDUSD SELL TP_0.6493_2.61%_0.0174pips_SL_0.0024_0.37%_0.0024pip
GBPAUD long position After double-bottom we can entry to long position and TP somewhere in falling window pattern.
We are following the SHS formationWe are following the SHS formation after a breakout from descending channel. The pair is trying to break down support 0.6550. If it is able to stay below 0.6550, we can see a decrease toward 0.6520. But if it is to stay above the 0.6550, we will follow 0.6640.
audusd 4hours long position idea hellow :D fellow traders enter at the retest where i circled for nice risk to reward ratio, waiting for histogram divergence compeletion following break of downtrend on price and break of MACD
EURNZD daily shortearlier i got stopped out on this trade but i still have short bias, so i enter the trade again with a 1 to 5 risk to reward ratio
CL1! light crude oil waiting for trend break and macd break to confirm the last wave of divergence showing loss of momentum in uptrend, i will enter by retesting the broken trend line
GBPUSD SHORTThis pair has toucherd 200 MA and was rejected,
we are also at the upper line of the falling chanel
so we go short, take care and do a great job.
Yours, Izyodore
TRON and the shy 100 MA signal Trading Analysis (TA)TRON and the shy 100 MA signal Trading Analysis (TA)
1W Chart, TRON (TRX) on December 17 2018, on the begining of the formation of its 100 MA signal was able to cross it steadily heading north until January 21 2019 when exhausted of his rising journey started to deflate until today, when is facing the 100 MA signal again but from above, if the signal is strong enough could make it bounce back north, which is the optimistic approach, but remember "In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'". At this time the Market Cap is around the 129B. Good Luck!
1W Chart, TRON (TRX) el 17 de diciembre de 2018, al comienzo de la formación de su señal de 100 MA, pudo cruzarla moviéndose de manera constante hacia el norte hasta el 21 de enero de 2019 cuando se agotó en su viaje ascendente y comenzó a desinflarse hasta hoy, cuando se enfrenta a la señal de 100 MA nuevamente, pero desde arriba, si la señal es lo suficientemente fuerte podría hacer que rebote nuevamente hacia el norte, que es el enfoque optimista, pero recuerde "En este negocio, si es bueno, tiene razón seis veces sobre diez. Nunca tendrá razón nueve veces sobre diez. He descubierto que cuando el mercado baja y compro fondos sabiamente, en algún momento en el futuro se siente la felicidad. Pero para llegar a ese momento nunca leerá una señal que diga: "Ahora es el momento de comprar". En este momento, el Market Cap está alrededor de los 129B. ¡Buena suerte!
“I believe in analysis and not forecasting.” / "Creo en el análisis y no en el pronóstico".
REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
MANABTC 1D BINANCE up to 05MAR19 Trading Analysis (TA)MANABTC Decentraland / Bitcoin 1D BINANCE up to 05MAR19 Trading Analysis (TA)
1D Chart, Decentraland (MANA) on February 26 2019, exploded from the 40 RSI Line below the 100/200 MA Signals and the MACD signals below the Histogram, this explosion was able to launch the price over the 100/200 MA Signals finding resistance or loosing power to move back to over the 100 MA Signal and the 50 RSI line where looks like found some support to move north again, which is the optimistic approach, but remember "In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'". At this time the Market Cap is around the 129B. Good Luck!
1D Chart, Decentraland (MANA) el 26 de febrero de 2019, explotó en la línea 40 RSI debajo de las señales 100/200 MA y las señales MACD debajo del Histograma, esta explosión pudo lanzar el precio sobre las señales 100/200 MA encontrando resistencia o perdiendo energía para regresar hasta por encima de la señal de 100 MA y la línea 50 RSI donde parece que encontró algo de apoyo para moverse nuevamente hacia el norte, que es el enfoque optimista, pero recuerde "En este negocio, si es bueno, tiene razón seis veces sobre diez. Nunca tendrá razón nueve veces sobre diez. He descubierto que cuando el mercado baja y compro fondos sabiamente, en algún momento en el futuro se siente la felicidad. Pero para llegar a ese momento nunca leerá una señal que diga: "Ahora es el momento de comprar". En este momento, el Market Cap está alrededor de los 129B. ¡Buena suerte!
“I believe in analysis and not forecasting.” / "Creo en el análisis y no en el pronóstico".
REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
OAXBTC 1D BINANCE up to 01MAR19 Trading Analysis (TA)OAXBTC openANX / Bitcoin 1D BINANCE up to 01MAR19 Trading Analysis (TA)
1D Chart, openANX (OAX) has been bouncing up and down in between the 100/200 MA signals and over the 40 RSI line, the MACD signals are about to pierce north below the Histogram wich suggest a possible breakout over the 100 MA signal, which is the optimistic approach, but remember "In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'". At this time the Market Cap is around the 129B, days after have reached the 148B and bounced back to 126B (crazy). Good Luck!
1D Chart, openANX (OAX) ha estado rebotando entre las señales 100/200 MA y sobre la línea 40 RSI, las señales MACD están a punto de cruzarse positivamente hacia el norte por debajo del Histograma, lo que sugiere una posible ruptura sobre la señal 100 MA, que es el enfoque optimista, pero recuerde "En este negocio, si es bueno, tiene razón seis veces sobre diez. Nunca tendrá razón nueve veces sobre diez. He descubierto que cuando el mercado baja y compro fondos sabiamente, en algún momento en el futuro se siente la felicidad. Pero para llegar a ese momento nunca leerá una señal que diga: "Ahora es el momento de comprar". En este momento, el Market Cap está alrededor de los 129B, días después de haber alcanzado los 148B y haber retrocedido a 126B (loco). ¡Buena suerte!
“I believe in analysis and not forecasting.” / "Creo en el análisis y no en el pronóstico".
REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
POEBTC 1D BINANCE up to 27FEB19 Trading Analysis (TA)POEBTC PO.et / Bitcoin 1D BINANCE up to 27FEB19 Trading Analysis (TA)
1D Chart, PO.et (POE) has been surfing up and down the 100/200 MA signals, the MACD signals are about to pierce north below the Histogram and the RSI is rising from its fourth deep below the 30RSI line wich suggest a possible breakout over the 100/200 MA signals, which is the optimistic approach, but remember "In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'". At this time the Market Cap is around the 129B, days after have reached the 148B and bounced back to 126B (crazy). Good Luck!
1D Chart, PO.et (POE) ha estado navegando sinoidalmente alrededor de las señales 100/200 MA, las señales MACD están a punto de perforar hacia el norte por debajo del Histograma y el RSI está subiendo desde su cuarta caida por debajo de la línea 30RSI, lo que sugiere una posible ruptura sobre las señales 100/200 MA, que es el enfoque optimista, pero recuerde "En este negocio, si es bueno, tiene razón seis veces sobre diez. Nunca tendrá razón nueve veces sobre diez. He descubierto que cuando el mercado baja y compro fondos sabiamente, en algún momento en el futuro se siente la felicidad. Pero para llegar a ese momento nunca leerá una señal que diga: "Ahora es el momento de comprar". En este momento, el Market Cap está alrededor de los 129B, días después de haber alcanzado los 148B y haber retrocedido a 126B (loco). ¡Buena suerte!
“I believe in analysis and not forecasting.” / "Creo en el análisis y no en el pronóstico".
REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
The Week Ahead: S&P500Continuing on from last weeks analysis, the levels still hold.
Scenario A: We've seen a couple of hammer candlestick formations form on our temporary support level last week and the price reacted trading higher. The price is currently trading below the mean, which is positive as price wants to drift back towards it. We could see the market move to the 2800 level if price pierces this level and closes - we could see the market trade higher, upwards to 2900 level. If price regains this level we could see it continue to 2924 which is the 1.212 extension level highlighted and coincides with the largest swing high since October 2018.
Scenario B: Depending on factors other than price action and technical analysis, the price could reverse at the 2800 level, we would then be watching if the price breaks our support level (red line). If the price does reverse as such, we could see it reach the 0.612 level (2717).
This analysis is for informational purposes only and is not a recommendation, buy/sell signal, or advice in any format.
The Week Ahead: EURUSDThe EURUSD has been trading between a range of 1.1250 and 1.1470, with only a couple of breakout attempts.
Scenario A: On the 4 Hr chart we can see momentum looks to return downwards as the 0.382 level has held and the price is now trading below it. In addition, we see that price has traded below its parabolic level and the 20/50 HMA has crossed to the downside. All factors of a change in near-term direction. We see the market moving lower to 1.1300 as it's the nearest level then it could continue to fall lower from the retracement to 1.1250. Especially if it breaks the recent higher low of 1.1316.
Scenario B: If the reversal is not strong enough, or data comes out to suggest Euro strength, then opportunities lie from the price breaking 1.1375. The factors include that the market structure remains intact - higher highs and lower highs - price is still strong enough to continue higher and price could break the parabolic level which could potentially form around 1.1375.
This analysis is for informational purposes only and is not a recommendation, buy/sell signal, or advice in any format.
The Week Ahead: GoldGold has been on a strong run this year.
Right now, there was a shooting star candlestick at 2019's high. This indicates a shift in momentum that could pull the price lower. We see that it is currently trading above its trends mean level, which again signals a change in direction.
Scenario A: A move lower. We expect the market to potentially continue to fall lower towards it's mean, which we have $1,311.90 as an area that may support the price. Should the market's selling pressure continue then we should see gold fall as low ~$1,280.
Scenario B: A retracement higher. The recent price action could all be a small reversal and could allow an opportunity to buy into the larger overall bullish trend of 2019. IF the price continues to rise and trades above $1,329 then we could see the markets move higher towards the $1,355 level.
This analysis is for informational purposes only and is not a recommendation, buy/sell signal, or advice in any format.
