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J-curve

What's happening with Gold?Loads of people were demoralised on Friday 6th August 2021, when Gold took an amazing dip south. That was part of a 30 min trend switch. But - as I always say look higher. Now strangely, I am actually bearish on Gold in the long run. However, the technical picture is showing something different on the 1D time frame. And there are conflicting trends on lower time frames e.g. The 4H is saying south is the probability. The point is that you gotta pick a trend on a time frame and stick with it, win or lose - just make sure your losses are affordable. So - the 1D time frame is showing a lovely theory of curves (TOC). This usually creates a probability on that time frame only for further movement in the leading edge of the curve (which is for the north). How far? How would I know? I don't own the future. If price falls out of the TOC and continues south on the 2h and 4h, then Gold could be in real trouble. This is also possible because watch the ATR trend switch on the Daily which is sharp and bearish. The 2h and 4h time frames live within it. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
OANDA:XAUUSD
by Captain_Walker
💡Don't miss the great buy opportunity in CRVUSD". There is a possibility of temporary retracement to the suggested support line (1.788). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CRVUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 73. Take Profits: TP1= @ 2.041 TP2= @ 2.324 TP3= @ 2.849 TP4= @ 3.522 TP5= @ 4.261 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
5
The yield curve is supporting a crypto rallyCrypto started rallying after the halving, which coincided with long interest rates rising as the COVID-19 pandemic appeared in March 2020. By injecting massive amount of liquidities, the Fed was also sowing the seed for higher inflation. From mid-April 2021 to mid-July 2021, the rates took a break mid-way thru it's cycle. Lower interest rates means that the inflationnary pressuretook a pause, which manifested itself with the crypto market suffering a mid-cycle correction that we have seen since mid-May 2021. However, the crypto bull market is set to resume for the second half of 2021. Higher upcoming inflation expectations, along with higher interest rates is very bullish for crypto in general and should manifest itself with the pink squiggle I drew. I would expect the yield curve to touch the upper bound in the next couple months while crypto keeps rising in tandem. The yield curve will start inverting when the Fed will proactively raise the short interest rates and this is when the crypto bubble will peak / burst. But while central banks sleep on the switch and keeps inflation unchecked, this is very positive for crypto. Subscribe for more updates!
TVC:US10YLong
by quantmaven
2
$CRV Fire Sale!Back with another $CRV chart lol. As you may know, price action looks pretty awful, especially for alts. I expect $BTC to break to the downside of it's current range and proceed to nuke the entire market with it. Although this unfortunate in the short-term, this will create some amazing buying opportunities for alts, especially those with good fundamentals. In this chart, I display the previous levels (orange box) which should serve as support as we head for further downside. I also show similar support levels (green box) that correspond to fibonacci ratios in accordance to the 5 leg elliott wave impulse for confluence. Knowing these levels, I plan on taking advantage of this buying opportunity at the $0.67 and $0.44 levels primarily, with some hail mary bids at $0.33. These levels should at the least provide a significant bounce to the upside imo. Regardless of the outcome, I am a long-term $CRV hodler as I believe the token is extremely undervalued, and still believe it will reach prices listed on my previous $CRV charts. As for the bullrun itself, although I may be overly optimistic, I do not believe it is over. Comparing previous bullruns, this being the end doesn't make sense to me, and instead I believe we are having a mid cycle correction/shakeout before resuming but only time will tell.
by DanielDimes
2
US Treasury Yield Curve and Inversions.This chart shows three times during the past three decades in which the yield curve inverts. An inversion is when the rate of a shorter term debt security is higher than the rate of a longer term debt security. This is identified on this chart in 2000, 2006, 2019. Treasury Debt Securities: Bill; less than one year to maturity at issue. Note; greater than one year but less than 10 years to maturity at issue. Bond; greater than 10 years to maturity at issue. In 2000 the yield of the 3 month US Treasury Bill was about 6.3% while the yields of both the 5 year Note and 30 year Bond were around 5.8%. In 2006 the yield of the 3 month US Treasury Bill was about 5.1% while the yields of both the 5 year Note and 30 year Bond were around 4.9%. In 2019 the yield of the 3 month US Treasury Bill was about 2.3% while the yield of the 2 year Note was around 1.8%.
TVC:US30YEducation
by ThrivingProject
1
Does Elon Musk Have Superpowers?For the question in the graph, if you choose any answer that doesn't include Elon, congratulations! your IQ is more than 0. Many of the Crypto traders idolize Elon Musk to the point of laughing at his jokes on SNL. They like to think of him as Tony Stark of sorts and some kind of a modern redeemer who is sent into the "simulation" in order to take humanity to Mars. Lately, even many "professional" analysts have jumpen on that wagon, attributing to him the super power of single-handedly bringing the Crypto market to new lows, making it lose 20% of its value just because the "real" Iron Man's climate conscience has just woke up to the fact the Bitcoin's mining is a big consumer of power. Now, even many of his worshipers after finding that their wallet were getting slimmer by the second, have made him into a Marvel villain. Reality is more boring, unfortunately. In order to prove this, I offer you a simple check: momentum. Here are the steps: Draw a curve across all the high points in the trend and and another across the low points. If they are both curving downwards, then the momentum is definitely downwards. This would also give you a rather simplistic projection (channel) of where the price should move, as long as the trend would continue, of course. Check the volume. Tipping points are usually surrounded by a surge in volumes. RSI is an important measure of momentum. When less than 30 or more than 70. the momentum is at its highest and a turnover may come at any time (one must be careful about this duality). In between those numbers, a turn over is likely more if we are inside a range. Based on these simple checks, the said tweets had 0 effect, since the decline is perfectly fitting to the continuum of the trend. In addition, recent stock market correlation also had a major effect, given that the stock market is currently going down. These are simple checks; there are other ones involving more precise mathematics and better visuals, and Elon Musk is not any equation. BTC is no DOGE in term of volumes, and if Mr. Musk was so godly, he should have saved TSLA's prices from tanking instead.
COINBASE:BTCUSD
by MontyMacht
3
CRV: An Obvious Accumulation before MASSIVE RALLY!CRV is currently building up an ascending pennant after forming a cup and handle shape since its beginning. Accumulation has been going on for several weeks with the price squeezing into the 2.951 to 3.651 range, which likely forces a break up out of the pennant resistance (3.548). Currently it has rebounded strongly out of the 2.4 support line, where the 0.618 fib level is, this validates 2.4 as the support we see it not to break for further bullish momentum. A breakout of the pennant with bullish volume and Price action will see a retest of 3.652, where we can increase position sizes on the dip or make a new entry with confirmation. Entry around 2.951 - 3.2 (support zone at the bottom of pennant confluence with 0.786 fib level) Targets are 4.488 (previous ATH), 5.629 and 6.746 Stop loss below the pennant and support line of 0.618 around 2.091 (can below to allow for some volatility)
Long
by Gold_D_Roger