XPTUSD
Platinum (XPTUSD): Bullish Megaphone towards a new Higher High.Platinum posted a strong rebound on the 871.00 October 2nd low and is currently rising on 1D (RSI = 62.934, MACD = 2.660, Highs/Lows = 16.6714) towards a new Higher High. The Higher High is designated by the 1M Megaphone pattern it has been trading within since August 2018. The 1D RSI patterns suggest that a new bullish leg may start without needing to make a Higher Low. Our Target Zone is 1,020 - 1,040.
Keep in mind that XPTUSD has just initiated its new multiyear Bull Cycle, and we consider it a top investment in the coming years, a matter we analyzed on our long term analysis below:
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XPT/USD - SWING TRADEHi, today we are going to talk XPTUSD
We observe a H4, some important points. The details are highlighted above.
Thank you for reading and leave your comments if you like.
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Platinum: Top investment for the coming years.In our search for solid long term investments in the coming years we have decided to share our long term outlook on Platinum.
Technically it recently broke above a 3 year Falling Wedge turning bullish on the monthly chart an effect that has since receded as it pulled back on the 1,000 mark (RSI = 50.285, MACD = -8.660, ADX = 25.926, Highs/Lows = 11.4571).
If the 1W MA50 holds this pull back and another spike prints a Golden Cross, then we may come across a unique multi year buy opportunity on Platinum as most parameters will be similar to the late 90's Golden Cross pattern when the metal entered a hyper strong Bull Cycle. The target will be 2-3 times the initial value.
We wish to add at this point that Platinum has fairly reliable pointers both on the short and long term and thanks to that most of our latest XPTUSD signals have met their target on high quality patterns. You can get an idea of those below:
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Reversal at yearly pivot expectedAs you price stopped at yearly pivot - as I predicted in my previous BTCUSD post a few weeks ago. Its also classic 50 percent Fib correction if you measure. 200 EMA is also there. Previously it broke through yearly camarilla breakout level R4 and pulled back to R3 as often is the case with Camarilla before the breakout continues. We should see a bullish move (impulsive 1-5 Elliott wave cycle) from yearly pivot. CMF shows bullish institutional accumulation and pullback to 0 area. If price would start bearish trend below Camarilla R3 - then it is likely to drop last year's close or all the way Camarilla S3.
Platinum - Consolidation / Price At Support LevelXPTUSD sitting at support level from recent consolidation. Also, back-testing descending trend-line from previous breakout.
Resistance is up near $1960, offering a decent RR setup, depending on where on places their stop.
One final consideration.... We're heading into seasonal strength. While there are many fundamental details to consider, I like the odds posted below and I don't mind being a few days early. ;)
Platinum Futures Continuous Contract Seasonality
Analysis has revealed that with a buy date of October 4 and a sell date of May 23, investors have benefited from a total return of 761.53% over the last 10 years. This scenario has shown positive results in 10 of those periods.
www.equityclock.com
Lonf from $930
XPTUSD H1 12/09/2019Hello Traders!
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot.
If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH?
So SM must BUY LOWER and SELL HIGHER :)
We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM.
Here u will find a thought process to identify these spots on chart, where SM stuck with their orders.
We want to play with SM so, we looking for entries (depending of direction) on HEC in 3 spots:
- top of WICK
- top/bottom of BODY candle
- 50% of BODY candle
CHARTS AGENDA:
SM - SMART MONEY
PA - PRICE ACTION
HEC - HIGH ENERGETIC CANDLE (LAST OPPOSITE CANDLE BEFORE MOVE) <- SM MUST SELL TO BUY AND BUY TO SELL :)
BITCOIN SIGN - MONEY POCKET (SL, BUY STOPS, SELL STOPS) - EQH - EQUAL HIGHS / EQL - EQUAL LOWS
BLACK ARROWS ARE ABOVE AND BELOW THESE MONEY SPOTS POINTING FUTURE TARGET
BLUE LINES - ENTRIES WITH SMART MONEY MITIGATION MOVE - SNIPER ENTRY FOR US
BLACK LINES FOOT PRINTS - SPOTS ON CHART WHERE SMART MONEY SHOULD COME BACK TO GET OUT OF THEIR POSITIONS IN DRAWDOWN (SM MUST SELL TO BUY AND BUY TO SELL) - POTENCIAL SNIPER ENTRIES
BLACK BOX - GAP's (IPA - INSUFFICIENT PRICE ACTION) - SPOTS ON CHART WHERE PRICE MOVED TOO FAST, AND LEFT SOME "WHOLES" IN PRICE ACTION WHERE ALGORITHMS WHAT TO COME BACK AND FILL IT BY "HEALTHY" PA.
I'm so grateful to all of my Mentor's which I met on my trading journey for this knowledge, and cause of struggling few years to discover how the market really moves i decide to share it for free with all of u.
My only goal with it is to Help all of u to have a breakthrough in your Trading Journey and obviously it will impact all your surroundings <- generate more time 4 u, more freedom and this will impact others.
If u have any questions feel free to ask:)
GOD BLESS U ALL!
Platinum (XPTUSD): Lower Buy Opportunity.XPTUSD has been on a very strong rise in late August almost hitting the 1,020 - 1,045 1M Resistance Zone. Despite trading on bullish 1W technical values (RSI = 64.131, MACD = 26.660, Highs/Lows = 45.6178), the volatility itself is high enough (ATR = 41.0321) to justify a pull back to the 1D Support (890).
This is where we expect Platinum to seek buyers as long as the 1W MA50 (blue line) provides support. Once this pull back is completed we will aim again for the 1,020 - 1,045 Resistance Zone.
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Platinum Pre-Breakout SetupPlatinum broke above descending trend-line. Price is coiling. Possible breakout in the near future (Comex Session). Bias to the upside. Seems to have found support around $930 (tested three times) after price sold off $60 last week. Still up almost 10% on the month, outperforming both silver and gold.
Link showing commodity price comparison.
prntscr.com
I mentioned the initial breakout in a previous idea.
Platinum Long playXPT still has lot of resistance to clear. First thing to clear is the 200ema. We broke out of the short term triangle, We are at lows from 2009 which act as support. RSI is showing some bullish hl and hh. An option is to long on the retest of the short term triangle. This trade would be a half year-year hold.
Platinum Looking to Join Gold / Silver RallyPlatinum looks like bulls have finally stepped in.
It has been consolidating within a $150 range for over a year.
The blue dashed line in a trend-line connected from the all time low in 2008.
The Gold /Silver ratio recently started to reverse. This could indicate that gold is being perceived as "expensive" compared to related metals. I have no reason to think why platinum would be excluded from this class.
There are a couple more resistance areas (marked on the chart), but we could see a decent run in once price breaks above these levels.
I have a couple ratio charts that I will post along with my interpretation of what they are telling us.
I will post the weekly chart in the comments just to show the potential upside if price returns to historical levels.
Platinum / Palladium Ratio Breakout from Falling WedgeWeekly chart Platinum / Palladium ratio.
Clear sign of a breakout / retest from the falling wedge after testing all time lows from 2001.
Supports continuation of platinum bullish breakout.
Will post long term chart in the comments to show potential upside.
Price of platinum broke above two key resistance points today.
Extremely undervalued from a historical standpoint.