p3t3r

p3t3r Updated 

Hi traders, we are looking at the nice rally of the NDX but we are generally not on the bull side. The economy may establish a bear cycle and prices are likely to decline further. Therefore we are looking for another short entry. We will watch the price level around 6580 as this is an important (fib-)level to test. The NDX can find resistance here and shorting...

p3t3r

LTC has touched all time lows against BTC and bounced with conviction. Furthermore it broke out of a multiyear falling wedge pattern. The exact same pattern has manifested before resulting in a very strong run. The red boxes indicate target areas. The targets align with volume by price levels and fib retracement of the multiyear downtrend. This is a very simple...

p3t3r

Gold is falling along with all other asset classes. This is due to general corona fear/panic and because of banks in need for short term cash. How do they get cash? Sell all assets which can be converted to cash quickly and Gold is one of them. This might open up a buy opportunity for people who missed the gold train. Technically, the area around 1400 USD could...

p3t3r

Corona extreme fear has BTC dropping to 200 weekly MA again. This area has proven to be a long term support line where people buy. Maybe, it's different this time but the brave might consider buying some here. Stops could be placed below 200 weekly MA.

p3t3r

We have been in a bear market for 8 years. This might change to bull now. Chart says it all. Fundamentally, the bull market would make sense because of the huge risks which are present in the global economy.

p3t3r Updated 

The DAX Index has triggered a picture book Head and Shoulders pattern with a target at around 10100. Right now, the DAX could retrace back up to test the neckline which should act as strong resistance. If this happens then going short at the neckline resistance is a viable option with good risk-reward. 10100 is the main target where shorts should be covered. The...

p3t3r Updated 

Hi Traders, Bitcoin is currently trading at interesting technical price levels. The $4300 area is a very important Fibonacci-Retracement level. This is the 0.782 long-term fib-level derived from the previous bull-move which started in August 2015 and ended in December 2017. Furthermore, the 200 weeks exponential moving average (EMA) line is also right around...