Huge USD week!So, I have an original entry on NZDUSD from this previous week (1). I am now looking for the exhaustion phase following the end of the government shutdown but, I'm seeing a hurtful week with Q4 GDP coming up on Wednesday followed by the FOMC and interest rates seemingly increasingly dovish then we have the NFP on Friday as well hitting the trifecta! The Q4 was the worst in American history since the '08 collapse. The dollar is going to rise into the Wednesday and start it's free-fall into Friday close and proceeding for sometime into the end of the first quarter. On a technical side, we have the .618 rejection on the HL giving the -.272 as the target completing the AB=CD pattern and fulfilling a nice monthly demand zone that aligns perfectly with a daily extension of 0-1. I will post an hourly chart to point out the perfect fractal happening furthering the technical confluence added with the possible fundamental outlook ahead this trading week.
BIG
NZDCHF sellif you zoom out on the daily chart it has hit a strong resistance 3 times. NZDCHF us currently dropping and this little rise is likely to be just a pullback. it has bounced down off another key resistance and is forming what looks like to be a head and shoulders. Will sell when market opens if its a good price
MFT/BTC GO BUY! OTRA JOYITA! 85% ACUMULADO, COTIZA EN BINANCEAQUÍ TENEMOS OTRA OPORTUNIDAD ÚNICA, GANANCIAS JUGOSAS EN POCO TIEMPO, UN SEÑOR TIENE ACUMULADO EL 85% DE ÉSTE ACTIVO, MISMO CONSEJO DE QKC, VENDER EN CUANTO EL GRAN VOLUMEN DESCARADAMENTE MÁS GRANDE QUE TODOS DELATE A SU ACUMULADOR (ÉSTE ES MÁS DESCARADO QUE EL DE QKC LIMPIANDO OFERTA COMO PUDE DEMOSTRAR EN LA GRÁFICA), NADA MÁS QUE DECIR. MISMA EXPLICACIÓN, A FALTA DE OFERTA EL PRECIO SUBIRÁ CONFIAR Y YA.
RECUERDEN QUE PUEDEN AGRADECERME POR TOMARME EL TRABAJO DE INVESTIGAR EL % DE TOKENS ACUMULADOS:). PUEDEN ESCRIBIRME PARA SABER LOS % DE ACUMULACIÓN DE CUALQUIER ACTIVO.
Donaciones LTC: LiUsRkT1KXEyki2FZdts1GteRgxtLSGY13
Donaciones ETH: 0x74b3eeac00d5ad56fa092f434398d4d9aca8b7fa
GRACIAS POR MIRAR, ÉXITOS.
QKC/BTC BUY BUY 97,7% ACUMULADOS!!!! OPORTUNIDAD ÚNICAAQUÍ LES DEJO EL TRADE MÁS BONITO QUE ENCONTRÉ, SE QUE LES DARÁ MUCHÍSIMAS GANANCIAS NO VALE LA PENA PONER STOP LOSS MUY POCAS VECES SE VE ESTO DE 97,7% DE UN ACTIVO ACUMULADO BUSQUEN VENDER DONDE CREAN QUE EL SEÑOR DE ÉSTA MONEDA LO HARÁ, EL VOLUMEN DESCARADAMENTE MÁS ALTO QUE LOS DEMÁS LO DELATARÁ. SE QUE ESTE TRADE LES DEJARÁ JUGOSAS GANANCIAS ASÍ QUE ESPERO QUE DE ALGUNA MANERA ME LO AGRADEZCAN:) (Comparte un pedazo de la tajada conmigo) jajajajaja
DONACIONES ETC: 0x74b3eeac00d5ad56fa092f434398d4d9aca8b7fa
DONACIONES LTC: LiUsRkT1KXEyki2FZdts1GteRgxtLSGY13
quick long oppurtunity. XJO AUSTRALIAN ALL ORDSI'm famously and very publicly BEARISH on most markets at this time how ever this top i believe will broaden, in the mean time we have a nice Inverted Head and Shoulders forming to create our B 'leg' of our ABC correction right now, could be a good gainer on a few market big wigs or just an ETF.
Looking to enter LONG on breakthrough of neckline, assuming we don't break down of 'HEAD' to form another lower low. taking profit at marked zone,
thank ya mother for the rabbits
happy trading ladies and gentlemen
thetradingtradie
"Never let them ride yo wave" -Quavo, Portland 2017ok boys
mr. elliot, can i ride ur wave?
shout out to quavo open.spotify.com
dont ever let them ride yo wave
so we got some memes on this chart, shout out to @tonevays, beast TD indicator god tybg
we got no higher high on the 6 7 candle sequence, lets see if we dump past this red 1 otherwise superwave 5 is valid, mmkay?
after that exit all crypto markets, they are about to bogandoff that shit forreal this time
from the ashes , will rise a phoenix backed by Goldman Sachs llollllll plebs
lets get this
$LOOM Experiencing a Steady Gains. My Idea on It's Chart:It feels good that Loom already touch my first target, you can check it here:
Right now we have a strong support t 1758 level, it will be good if you guys can scoop at that level. By the way, we need to be careful because loom probably will entering an overbought zone soon. We need to chill down a bit to lowering RSI. chill down can happen in two ways:
1. Price on a stable range but need more days
2. Price down and we need less days.
With this fundamental that loom have that I already explain on my charts before, i think the possibility of number one is bigger than two so i think we will soon moon again.
My closest target is 2210 again as it already touched two times and now will about to re-test again. Let's see if we break then i will re-assess and having to look at my second target @ 2785.
Dow Jones + The rest of the worldThese are my views on why the Dow has probably topped out.
All markets tend to follow the US markets which is why a crash in the Dow Jones will likely result in a crash worldwide.
My arguments are presented below:
FA:
- Longest bull market recorded in history
- US debt is worrisome +21B debt (dollar in trouble?)
- Private debt ATH (particularly US student loan debt is worrisome)
- Enormous geopolitical concerns (need I specify?)
- Severe overvaluation of stocks
- Interest rates have been on a steady rise
- US imposing Tariffs
TA (see chart):
-Fibonacci resistance fan is hit every time a major crash has occurred since the crash of 1987 (confluence - see below)
1. Big Volume drop
2. RSI massively overbought (usually happens before crashes, see the downward trend)
3. VIX topped out (usually does before crashes)
This is not financial advice - DYOR
Yours truly //Pman
Aurora trading on NYSE Aurora Cannabis is now trading on the NYSE under ACB
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EPIC #GOLD RUSH IS COMING... BIG PROFITS Since April Gold -0.50% has sharply declined and is now horrendously over sold. In fact, the weekly RSI is the lowest in almost 12 months, right before the market rose back towards the highs.
Short sellers have battered this market, and there hasn't even been any meaningful profit taking (intermediate retracement), which means the vast majority of the short sellers are still in this market. In fact, if you look at the latest CFTC Gold -0.50% COT report released 12OCT (which monitors all the futures contracts on the buy and sell side being processed at the exchange), the market is now NET short 38,000 contracts which is the 1st NET short position in Gold -0.50% for 18 years. You can be sure that after the price spike on Thursday that institutional players, heavily short in gold -0.50% , are nervous and watching for the next move... if Gold -0.50% continues to push on higher, short sellers will begin to compete among each other to get out and in turn will drive the price up sharply higher.
What caused the big spike in the Gold -0.50% price on Thursday? Driven by fear and risk off sentiment in the global market place. With the S&P 0.79% dropping sharply investors panicked and moved their money out of equities and in to Safe Havens like gold -0.50% and bonds. There's so much value here in gold -0.50% as the price is so cheap relative to other asset classes. If risk off sentiment continues gold -0.50% will continue to attract buyers leaving more high risk assets.
Technicals and risk
After the decline the market started a congestion phase with the high at $1,214 and the market broke out and closed above this area on Thursday, also breaking above the long term channel line. $1,215 is the entry but for the bigger picture anywhere around here is good. Aggressive stoploss would be 10 points offering 5-6 to 1 returns and a conservative stoploss under the $1200 handle like $1,195 would yield 3-4 to 1 return. There is of course the possibility the trade doesnt work and the market continues lower.
I like to take profits along the way T1= 1240, T2= 1260 T3= 1290 and highlighted in blue boxes are the horizontal resistance areas i expect price to react to. Also pay attention to the 200DMA which could offer some resistance. And pay attention to market sentiment if the trade works.
Bull might push BTC higher!Since Bitcoin reached an all-time high, back in December 2017, the volume has been steadily decreasing along with the price. During the past 9 months Bitcoin has dropped from USD 20,000, down to USD 6,000, losing 70% to the USD.
During the past 8 months, BTC/USD has approached 6k support level multiple times, although every attempt to break below has failed so far. On June 18, price went below 6k, where it reached $5,755 and rejected the 78.6% Fibonacci retracement level, along with the long term uptrend trendline. But, the closing price remained above the 6k psychological support suggesting the validity of the long term uptrend.
While Bitcoin consolidation phase continues, it is important to watch key psychological support and resistance level.
Support: USD 6,000
Resistance: USD 10,000
Bitcoin is trading under the very low volume and low volatility, while price is trapped between 6k and 10k. In order for the price to establish a medium-term trend, price has to break and close above the resistance or below the support, accompanied with the heavy trading volume.
Weekly break and close below 6k could push price down to USD 5k, or even USD 3k area. But break and close above the 10k level could result in a very positive price action for Bitcoin, potentially sending it up towards USD 18-20k resistance, or even to the new all-time high.
To summarize, RSI oscillator broke above the downtrend trendline, 78.6% Fibonacci support and long-term uptrend trendline were rejected. Such price action does not imply further downside correction, but rather uptrend continuation, at least while the 6k support is holding.
ADA/BTC Big Run Is Coming!there will soon be a big bull run for ADA. if you look at this chart, it is clear that one is coming. if he touches the big support level then we certainly see an increase of 144.57%. wait a few more weeks and then you can enjoy your profit. the only thing you can do is hold Cardano and do not sell. thank me later ;)
WTI: USOIL A Big Week of Opportunities AheadWTI USOIL Week Ahead
WTI has fallen away in a straight line ever since the short triggered
on Thursday and is now around 390 or so pips to the good.
It should fall away a little lower still, towards the first
support line at 67.22 and can spike down to 66.48 at likely
lowest before it starts to bounce away to the upside again.
Look to close out at least half of the short and drop the stop
on the rest to just 11 pips above current close (but not until
London opens).
We should see a good rally from this range back as high as the
69.48 line. If wrong at this point and WTI finds no support
arriving from London it will then plunge lower still until
it can find buyers again at the 65.55 line where dynamic and
fixed support lines meet.
From a bull perspective this level must hold through the
coming week at lowest. Any failure here will tip WTI into
deeper bear territory still and force a capitulation move back
to 61.92.
Some good trades still to be had from this complex. Second
only to Bitcoin for volatility and fine trades - but the spread is
wider, which is odd considering the great old age of one
complex against the infant's age of the other. The old and the
new. Probably the two best playing-fields across the entire
spectrum of investments - for active traders and momentum
traders alike.
But ETH is beginning to challenge this hierarchy as the weeks
pass by. More on that one later