Made a call the other day at 1200 that Gold will drop $20-$40. It's now at 1170 and we are starting to slowly regain value. After Fed we saw some heavy movements during the day, and during the evening. Entry: 1180 + 1190 Position: Long Exit: 1240
1Day Chart: Another great area to trade during the Fed. We have been a little quiet on this front of late adding to short positions above 1230. However the picture remains the same with a bearish stance on the daily (considering no real geopolitical or terrorist activity) the floor look to be 1180.
After testing $360 we should be aiming for 370/380 tests, if we stabilize over 370 we can see 380 for sure
Looks like we found a new support around $334 - I've got a long open since 310 and aiming to hold this position until 365. we've got a strong reversal about to happen but unsure where it'll lead us and how far up it'll go. I re-approached my positioning last night when the price was at 319 and I was still confident in my positioned unit. if we see the value of...
Small analysis i did quickly... wont have much foot notes on this one since most of them are inside the chart.. would love some more insight in this prediction.
1D Chart: Looking at EOX with a few tooly indicators we can see that we are sitting at a newly formed floor, we haven't seen this positioning since Feb 2013. Using the Fib retracement tool from the bottom of this past week we can see a nice movement bounce to around $7.2- this could be a really good spot to enter as the market will either bounce into a new support...
45MIN CHART: Checking the RSI, MACD and few other tools. I can see that the RSI isn't really reading properly towards the bitcoin charts. My indication is that BTC will keep dropping to a new floor around 300-325.
Watching the RSI indicator and noticing we are in the overbought spectrum - from the last 2 dips in value from a gradual spike to a mighty low we can tell that the current low we are sitting at (under sold) we should be able to catch a nice wave race up from 1217.66 to about 1240-1280 by Oct. 30th
2HR Chart: Looking to see some solid pullbacks from 389 to 420 by the 1st of Oct. With lots of news speculating around bitcoin, paypal, closed door meetings, and none stop harassment on the mining operations we've seen a new floor formed this quarter around 390-415. Pretty good since this is a retracement by 90% from the Mt. Gox crash. Hoping to see a lift in...
1 Month chart: Cannabis Science Inc has a basic pattern set behind it so using the gann fann and elliott waves with the fib retractement equation set in mind with it we can see a lot of tight bounces from 0.07 - 0.12 but retracing back down to 0.065. hoping to see a bounce in this under valued market to push through again. keeping in mind our volume is looking...
1D Chart: Cannabis Science INC is currently sitting at a floor low of $0.07 usd. should see a price correction to about 0.10-0.15 in the next few days.
After some data releases came out we see GBPUSD retrace down to 1.6441, but i see a nice pattern kicking in by looking at MACD and RSI once again. Noticing gbpusd hits a low we tend to see a recovery back in the 1.6500-1.6600 region. Noting that the 1D 1H and 1W on GBPUSD are all sitting super low to on the RSI
By looking at the RSI and MACD I am able to indicate that this bullrun is coming to a end and we might be transitioning over to a bear run in the 4440.00 region with a support near 4480
1D Chart: As a quick note, it is late.. i'm in canada, but wanted to wait to see what would happen over seas and as I expected we are starting to hit the peak in the market and we should start seeing a retrace kick back into play around 103.5-104. If you look on the 1H chart it looks like it has room still but we could see a sudden break in positioning.
Just testing this method on this market.. going to wait to see if it will follow my EWAVES
1H CHART: Just another short closer look into bitcoin from my previous ~550 call.
1DAY CHART: Looking to see how I can use the Fib Circle in predicting future breakouts on BTCUSD. breaking out into the new zone, BTC will be moving bullish or bearish. right now we are decaying to ~$600USD and might see it drop nearing $500 as for a possible flash crash. RSI is looking solid for a bullish run, but EU news is starting to injure this market.
Looking to see how I can use the Fib Circle in predicting future breakouts on BTCUSD. breaking out into the new zone, BTC will be moving bullish or bearish. right now we are decaying to ~$600USD and might see it drop nearing $500 as for a possible flash crash. RSI is looking solid for a bullish run, but EU news is starting to injure this market.