PieterKemp92

PieterKemp92

Hello to my fellow traders, I thought that I'd like to share my take on where we find ourselves with Bitcoin currently. I've read a lot of ideas and opinions where some say we're going up and other see a drop incoming. My personal opinion is that in the short term, anything can happen. We could break to the upside and test the overhead resistance of the triangle...

PieterKemp92

Hello fellow traders, I came across this joyful pattern this morning which seems to be an inverse H&S pattern in ETHUSD. ETH is currently in what seems to be a short term falling wedge pattern with a target at around $245. This is also the long term neckline for this inverse H&S pattern which, on a successful break can lead ETHUSD to seek out a rise up to around...

PieterKemp92

Hello fellow traders, I recently posted an idea where I suspect the S&P500 to head lower from here, but does recent economic and "Fed" activity indicate otherwise? We're all aware that central banks everywhere(except Norway and maybe the BOE) are calling for rate cuts due to slow economic growth. Now in general, when central banks raise rates, stocks suffer a...

PieterKemp92

Hello fellow traders, I hope you're all well. Just a quick update from my side as to where I see global stocks, especially the S&P500 go in the next 12 or so months. Now, if you're unaware of the trade war between China and the US, and the US wanting to impose tariffs on basically the entire world, chances are you might be living under a rock! Anyway, as the...

PieterKemp92 Updated 

Hello crypto fans, I hope everyone has been enjoying the recent gains in the crypto markets. After a shaky 2018, Bitcoin is fast becoming the talk of the town again. However, as we all know, what goes up, must come down(eventually). So, is Bitcoin setting up for a correction? We have recently seen a few bullflags form, driving the price higher and higher....

PieterKemp92

Good morning traders, I hope everyone is having a good trading week. Just a quick thought on Gold after we saw it hit a 2019 high and fall back afterwards. Looking at the chart, we can see what seems to be a possible H&S pattern completing. Price movement has come to a brief halt at $1289 after falling from $1324 just last week. Possible fundamentals to keep in...

PieterKemp92

Hey all you crypto traders, I hope everyone is doing well in the markets. Just thought I'd share my take on what's happening. By now I'm sure most of you have noticed that the markets are rising again and that it is very likely that we have found the bottom. My take, especially on EOS to USD is that price action has reached an overhead resistance around $3.85 -...

PieterKemp92

Hello hello, I saw this interesting party piece while I was scanning over the USDJPY chart. It looks as if price action formed a cup-n-handle pattern since before the financial crisis and could possibly be close to an enormous rally to new heights. Now I know anything can happen and that we must take fundamentals into consideration along with technical analysis,...

PieterKemp92 Updated 

Hello fellow traders, I hope everyone had a good week of trading. I was just messing around with some charts when I stumbled upon this. Is the S&P 500 in danger of experiencing the biggest drop in the modern age? We've all heard analysts say that earnings are good and companies look strong, however, we've also heard some of them say we are coming to the end of...

PieterKemp92

Hi everyone, Just thought I'd share my thoughts on oil and where price could be moving in the short and medium-term. As usual, market movement depends on many factors, of which both fundamentals and technicals play a very important role. On the fundamental side, Pres. Trump wants cheaper oil for various reasons being, while OPEC wants higher oil as countries in...

PieterKemp92

Hello fellow traders, I thought I'd post my idea on where we can see Bitcoin go next on the smaller timeframes. Looking at the 4h timeframe, Bitcoin seems to be in a descending triangle of sorts. One that expands down towards around $3000. I believe that should the upper resistance hold we could see the price drop towards $3000 possibly in the next few days. As...

PieterKemp92

Hi everyone, This is my opinion and idea of what could happen with GBPUSD going forward. Sure there's a lot of uncertainty with Brexit and the very recent no-confidence vote coming up later today(12 December). As the chart shows, GBP finds itself at the neckline of a possible H&S pattern, just waiting for "something" to happen so it can fall one way or the...

PieterKemp92

Hi everyone, I want to share my idea of what I believe is waiting for us regarding the Nasdaq 100 and most possibly the other indexes and global economy. Now I'm not going to go into a discussion of the fundamentals and the these and that's cause that is entirely another topic for discussion. Anyone trading these markets has an idea of what is happening regarding...

PieterKemp92

Hi everyone, this is my first post so let's see how it goes...(Full disclaimer: I am posting this idea the same as everyone else and by no means am I saying this is how things will play out and therefore it can't be seen as investment advice going forward. Do your own analysis and make your own decisions). The above chart stretches from 2011 to date and going...