CORN
March Corn. Possible TL and S/R confluence Trade.The lines wouldn't have been drawn in until after the move was made. I don't think you could have caught this one using the S/R and TL extension confluence strategy. At least I don't think I could have.
CORNHUB! Bitcoin through March and beyondI'm honestly just not feeling this rally yet. I don't even want a breakout right now.
I would prefer we reset all technicals at $42k before we make the next move up.
To be clear about the green and red bubbles, those are in reference to the key of Bitcoin: DCA (dollar cost averaging)
Red means wait to DCA later. Green means stack sats. SO....
HODL on comrades, don't trade BTC!! You'll get REKT. BTC gives AF about short/midterm TA, so just stack and HODL.
Bitcoin ONLY respects the 4 year halving cycles and will rip your face off if you try to get cute.
Follow this chart, hit that like button, tell me what you think about this short term analysis and give me a follow!
Thanks!
(Calling Bitcoin "Bitcorn" is a meme, if you see people talking about the price of "corn" they probably mean BTC. Get yourself some more corn so you won't be hungry later!!)
Corn Price has reached to its highest level since 2014Ascending channel in weekly chart is going to be broken soon, since RSI is 75, and RSI divergence has formed, technically we expect to see the price in lower levels soon but fundamentally it is still likely to go up to the end of march. But I doubt price goes up more than 600 since Argentina is going to terminate its export ban since the coming week and COVID-19 cases are going down gradually either in USA or China.
Enough shorts underwater to spark a Short Covering Rally in ZCN0Managed Money added about 30% to their position since early may, in ZCN0 contract most of that increase is under the 325 level, would take profit in the 335-340 zone if long.
Sit out, dont hate. 50k support is a surreal thing to say...IMO, we just gonna chop for a bit. Heading back to a macro trend though with 50k lining up to be the support/bounce. I'm sitting this one out for now. peaceeeeeeeeeee xo
Bitcoin 15 minute chart breaking out of channel??I'm seriously not feeling this breakout. Looking for rejection at any of the lines on this chart, or a H&S reversal. I'm as bullish as they come about Bitcoin, I'm just expecting a 42k rebound before getting our faces melted off again. If you think this bull run is over, look at the BLX weekly chart and zoom WAYY out to see all time prices. This cycle is far from over. We have gains coming well into next year.
May be able to get a cheeky wick discount here...Order down at around 44700, it'll be a quick wick and bounce. We're still macro bullish imo. EZ monehhh
Naked Bitcoin through AprilStrictly price action indicators.
Bitcoin is in the midst of a full on bull cycle.
Don't short BTC.
Expect a more than likely touch of the 21 EMA, and a possible touch of the 50 EMA.
Don't expect anything below $42k unless you are expecting a big correction. I don't think it needs one here.
The most bullish outlook has Bitcoin retesting that upper trend line at the 2.618 extension by early march, which would be a doubling in price in just around 3 weeks which is hard for even myself to imagine.
I am looking for almost 100k by end of April.
Corn: A Potential Fade Approaching Corn seems to be in the final stage of a bullish run here. In terms of % gain, it is almost at the psychological 100% increase area from Mar'20 low. Short risk exposure is becoming more risky at these levels. With another push higher, some decent supply inflows are expected.
$600k BitcoinDon't look at me,
talk to the chart, bro.
The chart says what the chart says.
I used fibonacci extensions to create this unquestionable chart.
Is it time to short the Corn Market???CBOT:ZC1!
In recent times most commodities have been heavily inflated. So when is it time to short these things on a macro scale? Well, if seasonality tells us anything, typically corn prices start to fall once we enter the month of June.
There are 2 areas of supply on this chart, 1 of which we are already sitting in while the other is sitting at 627-680.
Rising agricultural prices bode well for NutrienWith prices for corn futures, wheat and soybeans on fire, the prospects for fertilizer companies like Nutrien have never been better. The stock trades at only 1.4x book value and pays a 3.5% dividend yield. Earnings surprises (like the prior two quarters) are likely to continue.
CORN may go downPro:
- Double top
- bearish daily candle
- change of overall sentiment on the market from bullish to bearish
Cons:
- against the trend
this is not recomendation, just my opinion
Bearish rising wedge on CORN after the extended runOn the daily time frame of CORN, there is a nice looking bearish rising wedge. It has been a quite a run and now it has gone up too quickly. RSI is reading extreme over bought. PPO is poised to make a bearish high level cross over. Also, when it falls back into the price channel, it will be very bearish as it will be a bull trap. I entered long $11.60 range so it's time to take profit and reversing to short. Long term bullish but short term bearish.
CORN Possible Long UnfoldingCorn has been on a rip lately. Today we have a nice pullback. If CORN cant hold the $15.79 level I expect to see somewhere around $15.00. Due to a confluence of support with the current upwards trendline, the horizontal support from the past and the 50 day simple moving average all being in the same area I will look to lean in off the bounce (if it happens).
Corn (CBs can print money but they can't print Food)View On Corn (20 Jan 2021)
While everyone is myopically focusing (including myself), soft commodities world have been "quietly" running up.
And moving forward, I expect it go higher and higher as the "inflation" go up higher.
So, it is better to adopt BUY (or) Wait/Buy approach.
Remember CB (Central Banks) can prints money but they can't print food.
Let's see
DYODD, all the best and read the disclaimer too.
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CORN 4hr PlanThe BEARS are hanging around looking for snacks.
Don't become a snack.
I have buy orders inside the RISING WEDGE pattern, with a planned escape if the bounce doesn't clear the 21 DEMA -and would also confirm the potential for further SIGNIFICANT DOWNSIDE.
BULLISH CASE:
This could end up becoming a "W" pattern, short term reversal -long term CONTINUATION.
FUNDING RATE (Bitmex) is trending negative, which is BULLISH.
Looking for PA to hold support above the local 81.8 FIB RT -if there is a candle body close above the 50%, that is a GREAT SIGN.
HOWEVER -there is much more BEARISH confluence right now.
A $20K BTC would be A GIFT, and a VERY WELCOME one.
BEARISH CASE:
DXY was looking very bullish heading into the weekend
TOTAL MKCP is not getting much volume, bouncing between $961BB and $1.06TT
Bearish PRICE STRUCTURE -low volume.
PA is meandering just above a crucial support, a break below will flip my bias to BEARISH (short term)
Plan not set in stone, it is only SATURDAY -but we have been getting some serious PA over the weekend when the CME has been closed.
Also, the DXY heading into the weekend was looking pretty BULLISH.
That chart and idea en route.
What are you looking at? BULLISH OR BEARISH?
JNY
Adding CORN to the Long Side Double bottom on CORN weekly, this is supported by the RSI bullish divergence signaling a reversal of the previous downtrend.
Decision time for CORNIf BTC can break out across the 0.5 Fib logarithmic curve resistance @ $36.6K (with volume), we could be looking at a $45K BTC in just a matter of days.
Crazy, right?
If PA is rejected at this resistance, I would expect a corrective move between $34.85K and $28.4K, with $31.525 the median target -followed by a retest of the resistance.
Let's see how powerful this move is, could be a "blow off top" of this strong parabolic move letting us know re entry opportunities are quickly approaching.
Happy Trading!
