CREDIT CRISISWe are beginning to see evidence of a credit crisis starting. low demand for US bonds can trigger a currency crisis for the USD, higher rates will lead to refinancing company problems (especially with all the zombie companies that should have blown up over a decade ago.) and major economic depression-style job losses.
Currently, we are very early stages but things are moving at lightning speed on a macroeconomic level.
I know this is likely gibberish to most here pon trading view but it is of MASSIVE importance to your trading and investing.
CAUTION IS IN ORDER!!
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Beyond Technical Analysis
XAU/USD Longs from 3,220 or 3,120 back to ATHMy Analysis this week for gold is for it to keep pushing higher, even though gold has been overbought and we could at any time expect a major correction or distribution. We will be going on. current market structure and currently we have seen another ATH breach as well as multiple break of structures to the upside.
From these demand zones that have been created we will be looking for a small correction a retracement in which price will then re accumulate in one of our POI, to cause another rally to the upside.
Confluences for GOLD Buys are as follows:
- Demand zone on the 4hr and 6hr is near by for potential long setups to formulate.
- Market structure has been very bullish on the lower and higher time frame
- There is asian high above that needs to get taken out as well
- Dollar index has been bearish which means bullish movement for GOLD
P.S. If price breaks through both demand zones i do have an extreme one at 3,020 but if it reaches that low we could expect price to just start moving temporarily bearish.
Short CADJPY - a little more patience requiredI have been waiting and watching this pair on the daily t/f for several weeks now. Like some people like to say "waiting like a sniper", lol.
Seriously, I became more interested since it formed a flat bottom because I like to trade BO (breakouts) or BO with a pullback. Note that this is a daily chart and price is below the 200sma.
I expect price to continue to make lower highs and break out to occur late this week, possibly next week. Hopefully, you have your own plan on how you trade breakouts. Good luck if you will trade this.
This is not a trade recommendation; it’s merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Would be interesting to see the market bottom during summerIt would be interesting to see the market bottom at the cross section of the 200 week moving average with the 2022 highs some time by June/July. Markets aren't cheap now however they are above the 200 week.
My framework:
Markets above 200dma go 100% long with base equity allocation (decrease to 90% if RSI is overheated)
Markets below 200dma but above 200 week go 70% long with defensive bias
Markets below 200 week go 25% long with defensive bias, change to high risk with 70% allocation once cross above 200 week.
Saves me from the large drawdowns and shaves off some percentage point off performance however having buying power when all hell breaks loose can result in decade+ alpha opportunities.
The only sector currently above its 200dma is the equal weight utilities which I like in this environments all other sectors are below the 200dma. In such an environment markets are likely to be biased to the downside.
GOLD LONGGold have had some of the best days in the market due to plenty of reasons finding supports on the ATH 's something very casual for gold not impressed we expect prices to reach 3500 on no time liquidity being swept and institutes putting money to increase the value of gold.
We expect to see the value to find a resistance point on 3400 either 3450 , either way we have good support from news and other factors look for ur buy position traders <3
Ripple Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring Ripple for a buying opportunity around 1.9800 zone, XRP was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.98000 support and resistance area.
Trade safe, Joe.
Avalanche Potential UpsidesHey Traders, in today's trading session we are monitoring Avalanche for a buying opportunity around 19.20 zone, Avalanche is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 19.20 support and resistance area.
Trade safe, Joe.
Tron Potential DownsidesBINANCE:TRXUSDT
Hey Traders, in today's trading session we are monitoring Tron for a selling opportunity around 0.25 zone, Tron is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.25 support and resistance area.
Trade safe, Joe.
Gold outperformance against S&PLikely the gold outperformance will continue. If we don't get a bear market in stocks we likely will see a 25% outperformance of gold against S&P whereas in a recession/bear market scenario we likely will see a ~100% outperformace of gold against S&P.
In a tariff cancellation scenario + restoration of central bank trust we likely will get a 25% underperformance of gold against S&P
BTC weekly cycle low in correlation with an wyckoff modelAfter the weekly cycle low i was looking for in march never got confirmed this is in my opinion the most likely scenario for BTC. This would be an really long weekly cycle but i have seen longer cycles in the past. Funnily enough, the period when the model could be completed coincides with the cycle low which is approximately May 10th (+/- 6 Days). I can' tell if it will be an model 1 or 2 yet, but i will make a post about it soon i think.
BTC in Tight Range: Calm Before the Storm?$BTC/USDT is consolidating within a tight range (highlighted in the blue box) for the past 8 days. This looks like a strong accumulation phase, suggesting that the next breakout could be explosive.
Watch for a decisive move above the range for confirmation.
DYOR, NFA