fernx

fernx

Just a thought. If the current trend continues, well.. Not financial or trading advice. Just a thought. You do your own thoughts and research prior to investing/trading anything. C ya!

fernx

I posted an idea on July 22, 2019 with my target at $29 pesos per 1 USD by August 2020. However, the new Mexican Government's poor economic choices along with the with the rise of the COVID-19 pandemic, have exacerbated the problem and consequently accelerate the peso's fall. Banxico has been intervening by selling USD in the open market in an effort to stopping...

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The Peso is currently in a sideways consolidation perhaps due to investors awaiting the outcome of Mexico's current monetary policies by the new administration. However, current trend points to an exchange rate of about $ 29 Mexican pesos to 1 US dollar by August of 2020. Could the president's new policies contribute to the country's economic decline? Only time will tell.

fernx

I've updated the past bearish trend from 20K and over-imposed it to the current structure. It's just a thought. Not an advise to trade. That is on you. Good luck out there!!!

fernx Updated 

Here's another thought... There are two possible scenarios based on the historical trend. The green depicts the bull run up TO 20K over-imposed to fit current cycle. The red is the bear run FROM 20K. It's over-imposed and assumes that the recent 14K run was only just one more wave of the bear cycle. This is just a thought. Not an advice to trade. Just wanted to...

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Just a thought...BTC setting up for 14K with this inverted Head and Shoulders...lets see what happens. Not advice...only an idea.

fernx Updated 

Bitcoin is continuing to fall in the long term against the USD. Targets around 3000 and lower based on past limit trends seen in the chart. The big picture still points downward. Looking for it to break past the 50 day EMA on the 4 Hour chart and .382 fib from last market structure. Note: I am not a professional trader. I do this for fun. Do your own research....

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NYSE:YETI finds itself in another rectangle chart pattern and has encountered resistance at the top of the pattern at about $25 USD. If it breaks and closes above the resistance level, it could go even higher at about $30 USD. However, if it breaks down, it could find itself at the previous rectangle levels. It'll all depends on next earnings call. NOTE: I am...

fernx

I don't like what the daily trend is showing. Conversely, if it walks like a duck, talks like a duck, then its probably a duck. As you can see on the daily chart, BTC has been heading down since December 2017. But where will it stop? nobody knows. Will it be 2743? 1942? 975? only time will tell. I will not go long until price closes above .382 of most recent...

fernx Updated 

As I mentioned in my past post, this is an interesting trend. The angle between the highest point at $20K, and every meaningful subsequent peak is about the same. If this holds true, the next peak should be within a few weeks. Note: This is not trading advice, nor am I a TA expert. I do this for fun and should not be taken as investment advice. DYOR!!!

fernx Updated 

Found this cup and handle. A couple of dollars in profit if it follows through and breaks the neck line. This is not trading advice. I do this for fun. I am not an experienced trade. DYOR!

fernx

This is an interesting find. If I plot a line between the highest point (around 20K) and all the main peaks since then, I find the the angles are all about the same. If that's the case, a nice move is approaching in the coming weeks. Please comment below and like the idea. This is not a trading suggestion so do your own research. This is just something...

fernx

Here is an interesting trend I found with BTC on the 1 day chart. Its not perfectly symmetrical, but its pretty close. Just an interesting observation. **NOTE** I am not an experienced trader. I am an investor learning TA. So please, take it easy on me. **DO NOT use my published ideas for making decisions. Again, DO NOT use my published ideas for making trading...

fernx Updated 

Forgot to post this yesterday. Fundamentally, as we all know by know, ETC will be listed on Coinbase tomorrow. First target is around $20 USD on the hour chart. Good Luck. **NOTE** I am not an experienced trader. I am an investor learning TA. So please, take it easy on me. **DO NOT use my published ideas for making trade or any financial decisions. *** DO...

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Found this textbook double bottom for the DGBUSD pair. Additionally, it seems it also completing a C&H pattern. (cup and handle) If the trend continues, a target close to 8 cents is in the cards. This pattern is cancelled if it drops below already marked support line. **NOTE** I am not an experienced trader. I am an investor learning TA. So please, take it easy...

fernx Updated 

BTC is currently forming the end of the handle which, upon breakout could rally towards the $11,200 targets. This idea is closed if it breaks-down past the .618 Fib **NOTE** I am not an experienced trader. I am an investor learning TA. So please, take it easy on me. **DO NOT use my published ideas for making trading or other financial decisions. **Do your own...

fernx Updated 

BTC is currently following a downward trend-line. Estimated targets are shown in the boxes labeled target 1 and target 2. In my opinion, and based on my own trading situation, I am going to wait in the side lines for now until Bitcoin reaches the target areas already mentioned which will present good buying opportunities. If it reaches this bearish areas, I will...

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Currently the Mexican Peso (MXN) is in the middle of an ascending channel finding support at the previous resistance of 18.31 Pesos per USD. Additionally, the Peso is finding support at the at the .236 Fibonacci line from the previous 19.89 pesos/usd high. If the trend continues, the Peso will find itself between 18.8 - 19.5 range by April 8, 2018. However, the...