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Goldmansachs

Divergence back to FX – Goldman SachsGoldman Sachs discussed the importance of divergence in a recent note to clients, arguing it will be a key driver of FX for the remainder of the year. Goldman Sachs explains: We think this divergence will be an important factor for G10 FX this year. It will help inform currencies respond to a faster or slower recovery than expected, and contribute to a different path for policy in normally closely-linked currency pairs. The expected timing of policy normalization should support CAD and NOK (both components of our USD short basket) while it may eventually hold back GBP (which we currently recommend vs CHF, due to the UK’s successful vaccine rollout).
by thunderpips
4
#Bitcoin: Still showing bullish signs, with strong news week.After Bitcoins crazy run up from 30,000-58,000 we saw an almost $10,000 retracement with many traders reacting in panic. But is the run really over? I doubt it. __________________________________________________________________________________________________ Below i am going to explain some basic reasons why I think we are going upwards from here: 1. Institutional Interest Many "High Profile" buyers are still interested and purchasing BItcoin such as Square, Microstrategy & Grayscale Investments. 2. Bullish Pattern The Falling Wedge is a strong Bullish Reversal Pattern that may give us a good sign buyers are now in control of this market again. 3. Similar Price Action The current Falling Wedge & Price Action is quite similar to that of $33,000 area, we had a Falling Wedge, aswell as institutional buyers towards the bottom of the pattern. Just like we are currently, as marked on the Falling Wedge forming from $58,000. __________________________________________________________________________________________________ 1. Institutional Interest Below I am listing current news which I think is definitely supporting the idea that the Buyers are in control: The news is flowing HEAVY around Bitcoin and quite positive! The big guys are interested, and everyone is trying to get a piece of the pie now. The Demand outweighs the Supply. Microstrategy Purchases more Bitcoin: twitter.com JP Morgan recommends 1% in Bitcoin: techstory.in Goldman Sachs opens Bitcoin trading again: markets.businessinsider.com Twitter Announces $1.25 Billion Convetible Notes Offering (Founder is a fan of Bitcoin, and Microstrategy had a similar offering to generate capital to purchase more Bitcoin: apnews.com Square payments buys more Bitcoin: www.cnbc.com Cititbank states Bitcoin could become the currency of Global Trade: www.theblockcrypto.com __________________________________________________________________________________________________ 2. Falling Wedge Pattern & Similarities in Price Action In this pattern price swings 5 times between two converging trendlines while falling to form a “Wedge", this a potential sign the buyers are slowly taking control and we see a "breakout" to confirm this" Works extremely well with Bulllish Divergence and the pattern has a high sucess rate. It often sweeps the lows at A before breaking out and this is the ideal entry point followed by the bullish retest (B). Target is the top area of the pattern. Pattern tends to break out when around 60% complete and commonly off the 0.78 fibonacci level. In the below images you can see the similarities between late January & Now. In January we had the Falling Wedge Pattern with a Tesla purchase, and now we have a similar pattern with a few other big names purchasing (Microstrategy, Square). First example of the Falling Wedge (Note how Elon Musk purchased around the Bottom of this Pattern before the upwards move began): Here we can see how once we had the breakout we had a strong upmove: Here we can see a comparison of the current pattern: __________________________________________________________________________________________________ 3. Conclusion The most important thing to consider when investing and trading Bitcoin is the Fundamentals & Supply & Demand.. currently there is a huge Demand still for buyers of the Cryptocurrency as you can see from the above articles (they are all recent) and the potential signs on the chart as well the buyers are regaining control.. The use case for Bitcoin grows strong with the FED still printing and seeing more and more big names getting behind it every week. These factors alone give us a high probability of a sustained upwards movement from here.
Long
by Worth_The_Ri5k
7
Oldman Sachs 👴🏾Reddit, WallStreetBets, GameStop, Silver, Dogecoin, Shortselling, Twitter and so on. These key words are currently dominating the financial world. But what comes quickly, fades quickly, too. Let us not be distracted that there are thousands of well-managed and strongly positioned companies that await your investments. While many assets’ future already are gambles in themselves, there are some assets that have withstood time and will almost surely back you in retirement or pay off your children’s and grandchildren’s tuition fees. One of those assets is the Goldman Sachs stock. Currently declining, there might be a great opportunity opening up for an entry within the yellow box. Between $260.49 and $269.12, we expect a turnaround and a soaring Goldman. On its way up, it will surpass the marks of $281.90 and even $317,76, aiming for new peaks. It is important to note, however, that the price should not drop below $260.49, in order to keep the current scenario alive. Follow us for daily updates!
NYSE:GS
by MarketIntel
+15% profit, the (current) party is over .Why you find it hard to make money . Because you don't know AND more sadly, you don't know that you don't know. When you were laying down on your coach thinking the market is going to continue the dropping , i was here watching the red knifes on the stock market having the bitter taste of watching a live down trend . That's why i sell you guys at top , when the market is green and good , it's me who's dumping his shares " Market order " over late party joiner head's . I don't want to be mean , and you should not take it this way . I want to remind you that you don't know and you don't know that you don't know. Complete your 15 years required degree for the stock-market or take a short cut and get a mentor. #Trade_safe Trader K
NYSE:GS
by K-alonzi
1