BTC/USD Analysis by EduardCAHello Dear Friends!
BTC has a bearish bias towards the next support at $6,000. It is a strong support level. If the price moves below $6000, BTC/USD may easily hit to $5,550 (SMA200 weekly).
While the long-term bias remains bullish, the expectations on a weekly and monthly basis stayed mostly neutral.
Like many other instruments, Bitcoin has a high volatility now, which means high risks. Put only 2% of your capital under the risk on one trade.
Good luck!
Crisis
$SPX possibly revert back to long term trendlineBased on the chart posted below I think it is entirely possible for us to revert all the way back to a trendline that stems all the way back to the great depression. This is a worst case scenario for me and would be equal to about $1600.00 on $SPX. It would also happen to intersect with the 2008 highs support.
$TDOC can rise in the next daysContextual immersion trading strategy idea.
Teladoc Health has a strong upward trend.
The company is providing virtual healthcare services.
Due to the spread of the COVID-19, the demand for the company's services rose.
This and other conditions can cause a rise in the share price in the next days.
I saw it again and opened a long position from $165,81;
Information about stop-loss and take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$AYTU can rise in the next daysContextual immersion trading strategy idea.
Aytu BioScience has a strong upward trend.
The company develops and commercializes novel products in the field of hypogonadism (low testosterone), cough and upper respiratory symptoms, insomnia, and male infertility.
Due to the spread of the COVID-19, the demand for the company's services rose.
Today Aytu BioScience received confirmation from the FDA that it may begin distribution of its COVID-19 IgG/IgM Rapid Test throughout the U.S. — finance.yahoo.com
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $1,85;
stop-loss — $1,65.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$PAYX can fall todayContextual immersion trading strategy idea.
Paychex has a strong downside trend.
The company provides integrated human capital management solutions.
Due to the spread of the COVID-19, the demand for the company's services has fallen.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $55,53;
stop-loss — $58,43 — over today's high.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
#bitcoin - Comfort Zone (Weekly)Good morning everyone and I hope you are all safe and sound in these turbulent times!
Let´s get back to some facts today to see what happened and what might happen.
What we can see on a first glimps it becomes clear, that Bitcoin overall has bounces back into his
comfort zone just above $6k and at the moment ranging here.
There are several things no that might play a role for the further development such as:
- Coronavirus
- Bitcoin Halving
- The MA200 on Weekly
- Potential bearish retest of the former lead-line
Well, honestly I am very skeptic if Bitcoin will manage short-term to "pump" and surprise everyone, depending on today´s close,
this current weekly candle is marking a "draw" between bulls & bears. But what I can tell you is the following:
I am not being bullish before the Yearly Pivot & the MA200 are accepted as Support again, anything else is just not enough at the current
stage of the economic development to convince me of the opposite. It can go lower and a potential recovery will likely not happen over night.
How low? Next support is waiting around $4.1k.
We are all sort of tapping in the dark on so many occasions.
Stay safe everyone, stay home, wash hands, protect your loved ones.
Neru
SILVER - XAGUSD - Oh no, don't do that!Silver looking bearish. Escaped out of a either descending triangle or a symmetrical triangle, both are legit.
I feel pretty confident to say that silver is heading towards 8.87$.
Bitcoin is not a safe haven, Gold is not a safe haven and silver is not a safe haven.
EUR with their problems a safe haven?
USD printing trillions a safe haven?
CHF running into debth with COVID-19 a safe haven?
Stocks?
There is no safe haven...
Happy trading and stay healthy!
$GILD can rise in the next daysContextual immersion trading strategy idea.
Gilead Sciences has a strong upward trend.
The company is developing a treatment for COVID-19 now.
Due to the spread of the virus, this company looks very attractive and has a potential for success.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $80,74;
Information about stop-loss and take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
BTC Bottom, Banks in the riskzone of Corona like old people. The world economy is in an extreme situation.
Factories all around the world are on survival mode or completely shut down.
Central banks are printing money in a brutal level then ever before.
They are actually saying that "this unique situation with Virus is not our fault"
Well.. thats something you can tell to the average guy that dosen't now shit. As you make your bed, so you must lie.
These are the consequences of using minus interest and QE, not the Virus.
Bitcoin is facing a big survival fight.
Both Miners and Investors are in a situation where they need to really have faith in Bitcoin.
Let's say this is a war between old monetary system and a new decentralized system.
Gold is physical and cant be vanished. BTC is depended on internet and electricity. Thats risk to have in mind.
But still, we are moving towards new era of technology and Bitcoin will survive this, question is where the new bottom will be found.
If we look in two Fibonacci and take away the extremes (highs and lows) we can see bottom at level 0.786
Now we have a situation where Coronavirus is shutting down the world. So if world economy take big hits, it is the new generation that will choose what to keep alive.
Trendline from 2013 is indicating a new low at 2k but Fib 0.786 is at 2.4k. Either way, we have new lows to see in this uniqe situation.
$MAN can fall in the next daysContextual immersion trading strategy idea.
ManpowerGroup has a strong downside trend.
The company offers recruitment services and other workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region.
Due to the spread of the COVID-19, the demand for workforce solutions fell.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $61,46;
Information about stop-loss and take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$TDOC can rise in the next daysContextual immersion trading strategy idea.
Teladoc Health has a strong upward trend.
The company is providing virtual healthcare services.
Due to the spread of the COVID-19, the demand for the company's services rose.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $139,49;
Information about stop-loss and take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$BYD can fall in the next daysContextual immersion trading strategy idea.
Boyd Gaming Corporation has a strong downside trend.
Due to the downside market trend and spread of the COVID-19, the demand for casino services fell.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $8,79;
stop-loss — $9,71.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Yellow Metal Losing the Shine?It was fishy already the moment when I realized how people being greedy over equities TVC:SPX | TVC:DJI . Knowing much of major steps already taken in action from global governments and central banks all those honchos working together to save their own country equally from this pandemic created financial crisis let me think at least once that something is coming better for the future even if it's not soon but later for sure! I have already realized some good changes around which I don't like to mention here but take it optimistic for now and know that the shine of this yellow metal may no longer be brighter then past if the whole world are about to contain this virus inside a box!
GBPUSD MONTHLY OVERVIEW "LOOK LEFT STRUCTURE LEAVES CLUE"
PRICE FORMED A 3 DRIVES PATTERN IN BETWEEN 1998 AND 2007 WITH TARGETS PROGECTIONS…;
@1.70470
@1.36830
@1.16617
@0.90590
BETWEEN 2010 AND 2018 PRICE HAS FORMED A 5-0
WE EXTEND A FIBONACCI EXTENSION FROM JUL 14 TO OCT 16 TO APR 18 AND WE HAVE THE 100% RIGHT @0.90590 FOR THE 4TH 3 DRIVE TARGET
PRICE WILL BE FORMING AN ABC 100% SYMMETRY PATTERN @0.90590 WHERE PRICE COULD GIVE A POSITIVE REACTION
HAVING IN MIND THE WAY AN ABC IS TRADED….
1ST TRADE BELLOW A @1.43767 OCT 16 LOW TO @0.90590 100@ SYMMETRY
2ND IF PRICE GIVE US AND FORMED ANY INDICATION OF BULLISNES @0.90590…
THEM WE TRADE BACK TO A @1.43767 OCT 16 LOW FOR A CORRECTION
AT THIS POINT WE COULD HAVE A CORRECTION OR A FURTHER RALLY TO B APR 18 @1.43767
$DHT can rise in the next daysContextual immersion trading strategy idea.
DHT Holdings has a strong upward trend.
The company provides shipping of oil. Due to the oil prices had fallen, the demand for their services rose.
This and other conditions can cause a rise in the share price in the next days.
So, I suppose the $DHT price will be rising in the next days. So I opened a long position from $6,47;
stop-loss $6,02;
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!