See my previous post entry in the 1.10800 area for more detail. Playing the tops & bottoms of the blue channel. Short term profits will be taken at bottom blue line. Hoping for failure of that area & long term profits at the retest of the purple line.
1. I like trading USDZAR because of the large movement potential. Same reason I like trading Bitcoin, not because the currency is realistic as a monetary replacement to the dollar. I am, however, in support of block-chain technology because of its utility in health & data storage. NOWHERE on the stock market will you see regular moves so big for maximizing profit...
BTC has held crucial levels & held above key long term moving averages. After retesting the top of this current channel it has formed, a breakout will see BTC continue its uptrend. Holding above $13,000 will see BTC back up in the $20K range by 2021 without much resistance. The moving averages I have here are based on harmonic principles of 3, 6, & 9.
Gold is still a preferred long term asset for wealthy individuals & governments. I've been long since I got into financial markets back in 2008. A wealthy client of mine (whom I did sports recovery on from a Pro Baseball career) suggested I buy gold back then. I had no idea about it, I just bought it & held on. I sold it around 2011 to start another business &...
EURUSD to continue sell off. Red lines indicate resistance/supply levels. Purple lines indicate possible profit levels or reversal to retest the highs. Seeing how weak the pair was from the move between 2014-15, today's entry would be a continuation of that weakness. Price could retest the Purple lines & reverse to retest the most recent daily high of 1.25438. At...
I took some profits from the recent entry a few days ago. If we cant get above 8840, we will retest the lows & ultimately, if they fail, BTC wont stop until the $3000 area. Don't fight the trend, be disciplined about seeing what the chart is really saying. Continuing to fail previous highs are warning signs that investors are selling their positions. Be patient...
Green lines are support, red lines are potential resistance. Purple line is 1st profit target. BTC is holding a parallel channel inside a descending channel. Price continuing to hold above the green line will signal a potential channel break of the upper Red line, marking the supply zone of the descending channel. Break & hold of this descending channel will...
There has not been enough buying of btc to hold price above crucial levels. Unless it retests the green line & can hold above the gold, btc is dead (long term). I've been catching some day trades here & there but still not convinced enough to HODL...
The white lines wrap around recent high & low levels, forming a sideways channel. If BTC holds above the bottom white line, it should continue moving up to retest the top white line. The top white line is a key Weekly resistance level that we must break above & hold. If price does, this indicates a continuation of BTC’s uptrend.
Longer term view of BTC. BTC remaining above the green lines indicate that price will continue to rise. A failure of the Red line will mean traders are selling shares. If price can’t get above & hold above Red line, we will see BTC fall below $7k. This whole process will take ate least a week to play out. Buy the lows, sell the highs...don’t be greedy.
Pullbacks into the 1hr buy zones are buyable. Short term profit targets are the purple lines. Price holding above all these lines will see a move back to retest the high. Falure of the 1st purple line will see BTC continue to retest the current low or fall below $7k. In that event, the trade will fail & I'll exit the position.
Red lines indicate BTC is set to fall over the long term. Green lines are buy zones where price may find temporary support for some short term profits. With the recent week's price action, BTC isn't seeing enough buyers stepping in at these levels to make a new high yet. This could change if BTC manages to hold above the downward sloping channel (above the top Red...
Every wealthy person & government on the planet owns gold as apart of their asset portfolio. That’s all the explanation you’ll ever need for buying gold after breakouts on daily & weekly levels.
My 30 min analysis of where BTC should have a decent reversal to retest the high.
EURUSD 30min setting up to continue fall...
15min chart entry zone, drawn in green. 1st profit area is the recent high just above $12500.
green line is proving as support. a move back to the high is a potential reality...
Long on gold at the break upward of this blue trend line. I’d rather get it on a pullback to the red line 200sma. Markets falling & other economic factors could easily see gold up to $1700 by next year.