#ETHBTC: Upside until end of May...It seems we have a trend here, I'm thinking we see a big rotation out of #BNB ecosystem and into #ETH based DeFi. Bitcoin Dominance chart suggests we have alt season until the end of May, and it fits this chart nicely. Let's see how this goes. Personally, I'm exposed via low risk margin positions against #Bitcoin collateral myself, but it is potentially valid to buy spot #ETH with #BTC here and specially on dips too. What comes after this signal ends might be a massacre of Altcoin prices in Bitcoin terms I think. I'd suggest caution to people holding alts. Sell in (late) May and go away (into Bitcoin spot). Thank me later...
Cheers,
Ivan Labrie.
Keyhiddenlevels
#SUSHI: Big trend kicked off...I suspect money is rotating back into #ETH and DeFi coins, moving out of the Binance ecosystem due to the drop in gas prices caused by flashbots preventing front running bots to cause a feedback loop of increasing transaction fees, which was a problem that had sent gas prices sky high. This had contributed to the rise of BSC and sent BNB sky high (paired with speculation on Coinbase's IPO valuation and BNB or FTT being proxies of exchanges valuation catching up to Coinbase's), but that trend is likely done or bound to retrace or consolidate as money rotates back into Ethereum and Ethereum based DeFi coins once again.
I'm long a few coins here, including Ethereum itself, but I bring you SUSHI today.
Reward to risk is at least 8 to 1, could be higher if target #2 here is reached.
Best of luck,
Ivan Labrie.
$TSLA: Bullish trend resuming here$1100 is in the cards here, $TSLA is resuming its weekly uptrend here. Analysts have been updating their coverage of the stock and we have many interesting catalysts lining up together with the earnings report coming up.
Upcoming catalysts:
Earnings
Full Self Driving Beta v9 updates by May
Biden's EV credit passing this year
Berlin Gigafactory opening
Austin opening
Full Self Driving roll out by year end perhaps
I think by now we had a good wash out and correction in $TSLA and other growth names, and as is, $TSLA is probably the cheapest of the mega cap stocks.
Highly interesting reward to risk here, over 24 to 1 if my target is hit considering the stop loss area sub $677.
Best of luck,
Ivan Labrie.
#BTCUSD: Update - Coinbase IPO, new institutional buyers...Weekly trend in Bitcoin is about to confirm here, either going a tad higher or by this week's close. Daily is already trending up for a while, so the odds of this confirming are extremely high. We are already long from previous publications, but the continuation signals and pullback entries give us low risk chances to add or estimate where to trim exposure before corrections.
Coinbase is set to debut in the stock market today, and we had news of new institutional entrants recently, I think a big short squeeze is forming here. We had some huge volumes in the recent dip, only seen in CME charts when prices crashed on April 7th. There was also persistent selling at the 59-60k area for many weeks in a row since the top at 61k during March.
This persistent selling at practically the same price created a cluster of orders that were filled in the same area near the top of the range. This tells me the sellers kept hitting this area until they ran out of ammo, then tried pushing further on April 7th and lost the plot since. Buyers are now trapping them, they tried to corner the market and failed, and will get squeezed next.
Targets are where I think prices will land in the next few weeks, after which we might get another consolidation and correction, with downside volatility of 20-30% being highly likely after May 30th.
Cheers,
Ivan Labrie.
#SUSHI: Trending up...I think $SUSHIBTC and $SUSHIUSD or $SUSHIPERP are trending nicely here and stand to benefit from the recent ATH break in $BTCUSD. Price discovery at play, there is a nice trend in the 3-Day timeframe here, so we can expect significant upside by April 9th or sooner as per the chart here. I'm long from a tad lower, but figured I should publish this idea here so others can benefit by joining on dips. Ideally price shouldn't retrace beyond recent lows, if this signal is valid, it should stay mostly near the highs and advance from here in the coming days.
Best of luck,
Ivan Labrie.
BNBUSDT Scalpers key levelHello Traders!
This is the key level for scalpers for BNBUSDT.
Scalp with care. Find a pattern or strong candlestick pattern to enter the trade near these key levels.
Only Enter when you find a clear Pattern.
Levels are derived from some secret methods.
If you are scalping with the care then you will not lose any Trade.
Good luck traders.
Support the idea with likes. :)
VETUSDT Scalpers Key LevelsHello Traders!
This is the key level for scalpers for VETUSDT.
Scalp with care. Find a pattern or strong candlestick pattern to enter this trade near these key levels.
Only Enter when you find a clear Pattern.
Levels are derived from some secret methods.
If you are scalping with the care then you will not lose any Trade.
Good luck traders.
HAVING A CLEAN CHART IS MOST IMPORTANT!!!!!!!!!!I remember starting this forex things thinking having all this tools and messy charts would help better my trading which one of the most brainwashing things here on trading view it does not mean if atrader has all the indicators in the world on their chart with trendlines and support and resistance makes their trade go in the right way the key to succesful trading is having a clean chart you can absorb and look at and understand it also mastering a few currency pairs at the bback of your head know you makor and key levels!!!!
a clean chart learn how to read price action with your eyes it will take time but it will enhance your trading career
GOLD TRIANGLE REVEALED - OVERALL SHORT - KEY POINT- GC1! - DAILYThanks for the likes and shares. I really appreciated it, hope to help you the best to have another vision of the market acting as a support idea.
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Can you see how overall trend reveals what is probably going on.
As I like to make it simple for you, there is no hazardous moves.
See how the bleu up trending line and the red down trending one are meeting each other perfectly on the horizontal orange line.
-The blue up trending support line is the most important line in this graph. Probably the best area the enter long from that point.
-The red down trending resistance line is maybe the strongest ceiling on the gold price right now. The price has failed with very important and violent decrease in price following right after the failure to break. It is probably the best place to sell from.
- The orange line is likely to act like a gravity center until the end of the triangle, or, even little bit before the end. From that that point you will probably use your own judgement in how to follow the trend. The orange line could be called "the pullback zone" for the moment but it could become "the breaking point" that will lead to a clear run to the bottom blue up trending support line.
Hope that gave you a bit of insight on what I am thinking about the gold at the moment. Any link with the pandemic? Maybe, but I prefer to look only at the charts. For the moment, I would probably be waiting for best moment to sell it.
XAUUSD: Gold bottomed, buy it...I'll just leave this here, I leave the specifics to you, but I believe the selloff in Gold is over and it is about to resume the yearly timeframe uptrend.
My clients and me are long already, and looking to capitalize on this run since it is likely to outperform stocks together with most commodities going forward.
Cheers,
Ivan Labrie.
SPX: What if the trend is still intact in the long term?I've been considering this possibility, given the still active quarterly and yearly trend signals in #SPX500 here. You can see that both trends predict rising prices until the end of 2021, or even until Q3 2022. So far, seems like most people have been constantly trying to call tops since the COVID lows, and failing miserably at it. I've had my doubts, but now that vaccines are being rolled out very soon, I believe we might see further upside in equities, specially in the right sectors (which I'm invested in).
Some names might start faring worse if we see increasing inflation, but we have to keep an eye on the yield curve to tell if this is the case or not. For now, it isn't farfetched to assume a rotation to value might take place, but it is not crazy either to assume the index will trend higher for a long time still.
Personally, given the yield of stocks compared to treasuries I think it is reasonable to be long stocks, long term, as long as rates don't rise too fast. A lot of the usual suspects started banging their hyperinflation/death of the dollar drum again, I find it hard to believe they get it right.
I trust in our collective determination and wits, to take us out of this hole we are in since Feb, hopefully I'm not wrong for our sake.
Cheers,
Ivan Labrie.
DXY: Quarterly trend signal?There's a 60% chance that the dollar index will start trending rapidly and steadily, to eventually be 15-20% higher within 16 quarters or less.
This would put it near resistance from the 90s rally top zone. I would look at FX signals more closely from here onwards.
Observe the previous signals, the quarterly timeframe has been quite reliable in the dollar so far.
This signal is valid while price holds over this quarter's open or by the time 16 quarters elapse (this active bar being the 1st one).
Cheers,
Ivan Labrie.
Possible long position in Chainlink!!! ⚠ At the moment, in H8 timeframe it's a good chart to entry. but right now I hope that the actual candlestick finish to know the result if Chainlink continue up or what.
But I think that Chainlink still up using this strong support that I mark around of $11.60 USD. So for thrid time, the support never was break down. So, also noticed in the EMA 200 and important support in H8 timeframe. I see that Chainlink make support using the EMA 200 principally and that show that Link/USD going to up!!!
But, as we break down the bullish channel, this could be a short liquidated if you put any short position. Because and remember that Chainlink still bullish.
So guys, at the moment, looking the Daily timeframe it's see bearish becuase we break down the bullis channel, but my other eyes it's that if we do not break down the psycological support at $11.60 USD, I say in he past week that we can't to trade short in Link
This screenshoot it's whe Chainlink break down the bullish channel and that was the screenshoot that I use for my technical analysis. So guys, I believe that we can to activate long position. But the most important it
s to use a good technical analysis and right now I will going to still await that this candlestick finished and know the results.
BTCUSD: Sideways until February...I think we have a clear signal here, the market is sideways dealing with break even sellers from the 2017 top, as well as CME short sellers trying to keep it DEAD below their original attempt to destroy $Bitcoin for good. Unfortunately for them, the world doesn't quite agree with their initial thesis and they might end up squeezed here.
Most traders have been selling or calling for a drop to 13 to 14k to buy back having sold lower. I think price won't please these investors who were antsy.
Sentiment still is that of a wall of worry, or impending doom in most chatrooms...
I'm long term bullish on $Bitcoin here, specially considering all Macro variables, provided we stay on course with the yield curve steepening over time, as the world goes back to 'normal', following the extreme damage caused by post COVID stimulus measures.
Hodl, buy the dip, add once we consolidate for long enough and keep an eye out for the next batch of $PYPL news regarding the rest of the world getting access to buying crypto from their platform.
Cheers,
Ivan Labrie.
EURUSD: The euro has more upside here, might break 1.25...It seems the uptrend in the Euro will keep going here, it was coiling for some time but now ready to trend higher.
I highlight a potential buy zone to enter on slight retracement, price should trend up for the duration of the cyan boxes on chart as long as not hitting the invalidation zone below 1.17698.
Best of luck!
Cheers,
Ivan Labrie.
Soybeans: Trending up, buy on dips...I think we have a nice setup to buy the dip in Soybean futures or using $SOYB. It's a rather big contract, so keep that in mind if trading futures.
There's a long term trend signal active, for many more months still, so any dip is a buy if you're patient enough.
I highlight a trend that reached its peak in the daily timeframe here, so, a retracement entry is likely to materialize in the coming days and weeks.
Keep an eye on it, don't miss out on the big gains to be had in this market.
As @timwest pointed out, fundamentals for Soybeans and the long term chart are ridiculously bullish now, so, it is going to be very hard to hold on to positions for long enough to reap the benefits, and specially hard to join the trend for most people. The droughts in Brazil are affecting crops, and there's a huge demand from China, since the soybean producing regions were affected by floods recently, there's also a big need for soybeans to produce pork in South America, like the huge farms they are setting up in the South of Argentina.
As a bonus, if the US wants to hurt China, their best bet is to make the food prices go up, specially Soybeans. They had been buying commodities for cheap for a long time until now. That might be changing already, and considering the expectations I have of rising inflation and interest rates, in a post Pandemic world, this is further fuel for the fire in this rally here.
Cheers,
Ivan Labrie.
XRP: Good reward to risk here...I'm publishing this one, since it's a huge reward to risk trade here. I like the setup and it's worth holding a small position in this, or building one slowly during the next 2 months. Upside is significant, see the white box for reference. Invalidation would be if we get a 50% drop or so from here, so you can't really risk too big on this idea. It's a long shot trade, but definitely worth your time with a reward to risk over 84 to 1...There's an airdrop coming, which will likely add some extra profits to your $XRP position if you choose to enter.
dailyhodl.com
Best of luck!
Ivan Labrie.
LTCUSD: Long term uptrend activeWe start to see bullish signals in altcoins now, lagging $BTCUSD's advance, which confirmed a long term trend during July/August.
Upside here is very good, and reward to risk is like 22 to 1. That said, I much prefer $Bitcoin exposure personally, given the fundamentals of $LTC being inferior in my opinion. That said, altcoins can have sharp moves, where they briefly outperform $BTCUSD, so it is of paramount importance to watch the $LTCBTC ratio for a signal to buy (or sell) to ride these moves when viable.
If you're an $LTC investor, hodl, cause it will go a lot higher. Probably peaking before $BTCUSD, if I had to guess...But at least likely to not go down until $BTCUSD tops by 1st half of 2022.
Cheers,
Ivan Labrie.
BCHUSD: If $BCH manages to break over this zone next month...It might trigger a bullish signal from this zone, I don't know if it will be viable to trade it, to expect a profit in $BTC terms, but it will likely be tradeable using USD, or margin positions at FTX with BTC collateral, as long as risk is under control.
Upside suggests it can rise over 2k usd over time as per the green box and white arrow.
Cheers,
Ivan Labrie.
PS: BCH is not the real Bitcoin, nor is BSV.
BNBUSDT: Long term forecast for BNBLong term Binance is likely to thrive and their exchange token is quite likely to hit the red box top zone in my chart here.
This is a huge long term advance, and considering the token's advantages if using the exchange, it is quite probable to be reached by Jan/Feb 2022.
Best of luck if trading it.
Cheers,
Ivan Labrie.
ADAUSD: Weekly uptrend signal$ADA is in an active uptrend here, as many alts are. Upside is significant, but do your due diligence on whether to buy this particular coin over another. Perhaps a market cap weighted basket approach is better for alts, as long as the resulting index has a bullish trend...Just an idea here, whatever you do, make sure you understand what your max loss is if the trade is invalidated with a drop a tad under this week's range. You will need to learn how to read price action as it develops, to trade these patterns effectively, initially you can follow my forecasts and aim to sell once targets and time forecasts are exhausted.
Cheers,
Ivan Labrie.
$XMRUSD: Long term bullish, but be ready to trade in and out...$XMR suggests it can rally to really lofty levels by March 2022, privacy coins might get a nice boost now, apparently, judging by the $PRIV contract at FTX. Personally, I don't love the reward to risk in these trades, so I'm not in but if you're invested you can get a decent idea of what to expect going forward.
Cheers,
Ivan Labrie.