Get started

Analaysis

GOLD?! What's going on! A repeat of June 2020?!Im getting a familiar feeling with Gold at the moment, something similar to how I felt in June 2020 before we had a 23%+ rally in Gold prices. Now, we all know that Gold loves a break and retest of structure to flush out weak hands and keep people guessing. But if we really isolate the price action from March '21 to now we can see some textbook chart patterns being formed. Firstly, An easily identifiable double bottom - followed by a surge in price as expected. We have then continued to create higher highs along the way and rallied almost 15%. As expected, when you see large moves like this it is natural to see corrections and retracements and we've almost had a picture perfect retracement to the Golden Area (61.8 fib retracement). This now brings us to June and for almost the whole month after the -8.69% move, we have been trading sideways and we can see for the month of June that, from a COT perspective large Institutions have been adding long positions. As anticipated on the 2nd of July price broke out of the range and comfortably blew back above $1800. On the left hand side, we can see June 2020 price action and how textbook the break and retests were (with hindsight of-course). But I am anticipating that we see something very similar... I expect a brief break back below $1800 before Gold catapults again. Fundamentally, we know that there are yet again further Covid-19 concerns. The FED are sticking with their transitory stance and from a COT perspective the big players are buying Gold again. Our favourite indicators are also cut for longs so we have our price alerts set ready for optimal entries and we move on to our other pairs! If you have any questions please feel free to comment. - Nick
OANDA:XAUUSDLong
by IroncladFX
My bull case for Bitcoin and $MARAHello, today I have analyzed NASDAQ:MARA , Marathon Digital Holdings is a Bitcoin mining company. The stock price has a 90% correlation with the Bitcoin price. As the value of Bitcoin keeps making all time highes Marathon's income will do so as well. Since the company has more than 99% of their value in Bitcoin itself. Why It will soar Loads of institutional investors are piling into Bitcoin. More and more companies continue to support Bitcoin. $MARA is showing great price strength on all timeframes. Price targets My short, mid and long term price targets are extremely bullish. I've set my short term price target at $60 ( Until next friday ) and my long term ( 1 year from now ) at $150. Conclusion Since Bitcoin is a strong currency and has been the best performing commodity for the last 12 years, ontop off insitutions beginning to adpot Bitcoin as well as companies accepting Bitcoin for goods and services. It is also showing a disconnect from the generall stock market which makes It more independent. All of this just proves my point that Bitcoin is the future. This is a strong buy from my side and I will keep dip buying this all the way up, same goes for Bitcoin. OBS Note that I am a little biased, I hold Marathon Digital Holding stock at a GAV of $35.
NASDAQ:MARALong
by mr_ikea
2
BTCUSD TA Time 26-3-2021!!Greetings fellow traders! This is the 30min chart. However when you look in the Daily chart you will wee that we've been in this situation before. Only this time a mini version. The bigger version: If it is a similar situation. Then we're probably going to see bullish continuation. Short- & Mid-Term: Lot's of bullish pattern forming. Most prominent one for me is the falling wedges. Which has high probability of breaking out or reversing bullish. Long Term: Still same approximate target: 250K USD. There is still a lot that has to happen nonetheless possible. If it does I expect it end of this year(Q3/Q4). Good luck, be carful and may the trend gods be with you!
BITSTAMP:BTCUSDLong
by bonic
BTS/BTC - Cup & Handle - 1D A cup & handle formed on the daily as I predicted yesterday. We can set the target at ~195 sats using Fibonacci retracement. This is slightly below the Fibonacci level. It might be smart to sell here, wait for a sell off and buy it back a tad cheaper. Cup and handle is a bullish pattern that indicates an upward movement after completion. In the current situation, this would indicate that we will see upward movement the coming week. Bitshares is also going to make an announcement today regarding staking & NFTs, which could give us more upward momentum. The MACD has bounced, giving us room for bullish continuation. The StochRSI is also low and pointing upwards, which could indicate bullish continuation aswell. We have hit the 150 sats zone a lot recently, we have to break through these levels. If this happens, I believe we can easily approach 200 sats in a short period of time. I think BTS is looking good, both on short and long term. The coin is heavily undervalued and I believe it will most certainly reach its 1$ ATH again. For the short term, you can use Fibonacci retracement tool to find major sell off points. On the medium term, I think 0,095$, 0,11$ and 0,20$ are good targets. And for the long term, I think this coin can become worth anywhere between 1 and 15$.
BLong
by ElonMoonsk
1