Keyhiddenlevels
ETHUSD: Time at Mode signal active...Reward to risk wise, this signal that just got triggered in $ETHUSD is a great opportunity. As for the $ETHBTC chart, the odds of $ETHBTC moving up substantially are still not that great. From what I see in the chart, there's a weekly signal and a failed monthly signal in $ETHBTC. Upside implied by it is around 0.027-0.03. Not that impressive vs the long term upside in $BTCUSD. Overall I think it's better to trade $ETHUSD on margin, if anything, to add some extra profits in case crypto markets keep rallying.
Cheers,
Ivan Labrie.
DXY: Likely a bottom here...I think we saw peak sentiment in Gold already and the dollar is likely reaching a bottom here. Upside is a retest of the distribution level from where this move down started.
Keep an eye out for signs of Dollar strength in different pairs. Perhaps we might see relative strength in US equities vs Europe as well, and bonds vs European ones.
Any sign of strength can be a good long entry here soon.
Cheers,
Ivan Labrie.
SPX: Likely to break into new all time highs next...Strong action in the S&P500 futures here, looks like equities will maintain their strength for the time being as $SPX is set to break into new highs over the current all time high if the daily chart signal we have here pans out. I'm long and fully invested for the time being, holding a portfolio of individual stock picks, but watching the index to hedge the portfolio with shorts when needed.
Cheers,
Ivan Labrie.
#XAUUSD: Long then flip short in 6 weeks...I think this is what's going on in gold, a massive blow off top is cooking. I am long via gold mining shares right now, looking to ride the rest of the upswing until we hit the top in about 6 weeks from now, then will likely flip short once buyers run out of money to throw at the yellow metal. Looks like some flows out of equities are heading into gold right now, judging by the price action. Once these buyers run out of ammo it will tank hard, that's my guess here.
Yellow box is the target, perhaps a bit higher than 2011 highs.
Good luck,
Ivan Labrie.
BTCUSD: Weekly trend continuation signalWe might get a nice move out of this juncture. #BTCUSD formed an accumulation level here, potentially, and already flashed a daily and then weekly trend signal. Targets are the cyan boxes, and in a very extreme case the red box target. I personally think it might not break higher than 2019 highs, hitting resistance near 12150, but, I will go with the flow here. Already long from a tad lower, and also in a few altcoin positions with 30% of the portfolio as well for a few days.
I can see the total market cap rising 35% roughly, within the next few weeks.
This signal aligns with the #XAUUSD chart I posted as well, and with the idea of #SPX breaching the previous all time high before seeing a drop again. If the market is sideways for 9 years like yearly Time@Mode charts suggest, a perfect sideways enviroment would be one where we reverse after trapping everyone on fake breakouts...
In the case of #XAUUSD, this might be a very extreme sentiment peak once it breaches 2011 highs. I'm looking forward to it.
Keep an eye on the inverted head and shoulders crowd, many people like some particularly notorious veterans who use classical TA patterns will spot one once we break out over 10500, if we do. And this pattern will give them a pretty lame target of 17k , which I think won't be hit given the current macro situation. Would be good to sell our coins to the guys counting on that happening before it drops...Keep an eye out for that, sentiment should turn mad bullish again near the top.
Best of luck to all my followers and clients.
Cheers,
Ivan Labrie.
XAUUSD: hit the highest weekly low since 2011 and down...It's possibly over for a while, for gold, a weekly trend expired last week and it hit a massive resistance and was rejected. If you hold the yellow metal, you are better off selling it for USD here. Doesn't look promising in the slightest, and inflation is highly unlikely to materialize, despite the huge money printing we saw after the Coronavirus induced crash. I think this is it for gold, get out before it's too late.
I would happily buy it after a big enough fall...
Cheers,
Ivan.
NKLA: Huge upside with low riskWe have a nice setup in #NKLA here. I'm already long from lower, but looking to add some exposure to ride this move.
I'm overall impressed with the huge short interest in the stock, it pays off to hold shares in a margin account and lend them to short sellers, while benefiting from this trend.
You can do this with certain brokerage firms that share part of the borrowing costs with share holders, as long as they sit in a margin account, like IBKR for instance.
That said, fundamentals for the company are at the very least interesting, although largely unproven. The CEO does have a big mouth and makes bold claims, but he has a few interesting things to say. I'm giving him the benefit of the doubt with a small position in the stock. Try to keep risk in check...Hydrogen generation is quite low cost, and the long distance efficiency of an EV truck with a relatively light weight FOOL cell I mean fuel cell, is an interesting and potentially profitable proposition. $TSLA is still king when it comes to EV cars though, but good to see some competition in the field.
Cheers,
Ivan Labrie.
EURUSD key level has been HIT! As stated in my previous post - Wednesdays low would be hit before the end of the week. It has been done. A simple strategy on identifying trend direction with key levels to follow.
I use this in conjunction with a few other indicators to scalp 15-30 pip moves mainly on the EURUSD.
Overall still a bearish bias on the EURUSD for now.
USOIL: Likely a top by now...The same pattern is visible in $DXY and all major pairs, as well as in $SPY. The recent bullish trends we had are peaking, and already show a reaction right after FOMC.
I would assume oil will go back down, retracing at least half of the surge from $0...
Entering shorts near resistance here might pay off, or at the very least, being aware of this trend to trade pairs that are correlated to oil like $USDCAD and $USDNOK, or $USDMXN, or simply shorting some energy stocks.
Keep an eye on it here, if the high holds, it's likely to fall from here for a while.
Cheers,
Ivan Labrie.
Dax: Potential top here...There's a nice short setup with defined and low risk in the Dax here. You can trade it with futures or CFDs, the stop is tight, you could use a stop over 12933 here for instance.
The recent daily uptrend signal that triggered 3 weeks ago ran out of time, and now we had a bearish reaction to resistance. Sentiment is getting out of hand, and there are very extreme things happening with euphoria from retail...FOMC might be a catalyst for a top for a while.
Cheers,
Ivan Labrie.
USDCAD: Trending downIt seems the $CAD will regain strength here. The dollar printing and spending is starting to show up in currency charts and bond yields, whereas for now it was only reflected in the price of Gold, Bitcoin and Stocks. It'd be interesting to capture upside in commodities and commodity related plays, apart from the other stores of wealth I mentioned above. On the way down there is a level that can act as support and slow down the fall, near target one for this signal, so probably then we see a sideways range before further downside in the Dollar.
This is more of an analysis piece rather than a trade entry since the ideal entry is late by two days. But good info if you're holding longs or shorts in this pair.
Cheers,
Ivan Labrie.
Corn: Long corn, stop short...I'm actually talking about the real commodity here. Interestingly it has a nice base and daily trend signal here, which has decent upside vs risk.
I'm long since last Friday, near the open using July corn futures. Looking for a move towards the target on chart in time.
This could be a major bottom, so, probably interesting to see if we can keep a part of the trade running for longer, provided it forms a continuation signal after hitting the target zone.
Cheers,
Ivan Labrie.
TX: Ternium is a huge buy here...I think $TX shares are likely to benefit from increasing inflation and higher interest rates in their target markets, caused by the huge money printing and govt spending needed to survive the Coronavirus induced recession. As activity picks up, construction in these markets will be a very profitable endeavor, specially as real estate prices tend to go mostly higher due to the terrible combination of high interest rates and high inflation in these EM nations. Additionally, steel itself is likely to go up due to the infinite QE effect over time as well.
Valuation for $TX was very attractive recently, and I've been buying it for some time. Currently one of my favorite stock ideas.
To get more ideas like this one, contact me for details on joining my signals service trial for one month, free of charge.
Cheers,
Ivan Labrie.
BTCUSDDaily chart
long formation : if btc break out 9624 ( 61 .8 % Fibo ) we have to target 11200 ( 78 % Fibo )
Stop loss 9240
Expecting Next Movement as long
1) Break Out
2) Volume Confirmation
3) Hidden Fibo Expansion
4) Pattern ( Triangle ) + poc Wight
5) Price Action
6) Volume Profile - Confirmation
Risk 5 % —
Risk : Reward 1 : 3 . 75
Every Tp = 6 % Account Growth
last TP = 18 % Account Growth
Stop loss = - 5 %
I wish everyone success - and Good luck
DXYHello Trader's — Opportunity Verified
DXY
Long( Up " 98.40
Take Profit " 99.15 / 99.80 / 100.5
Next Movement Expectation
- ( Dead Zone )
————
Expecting Next Movement as long Entry
1) Retest
2) Volume Confirmation
3) Hidden Fibo Expansion
4) Pattern ( Trend + inner ) + 2 line Channel
5) Key level + Gap Testing
Risk 5 % —
Risk : Reward 1 : 3
I wish everyone success - and Good luck
Copper: Inflation is manifested in asset prices...for nowCopper is acting strong here, so far the 2 day timeframe had captured a good rally here, and subsequently spotted the bottom of the correction after it hit the target. There is another signal active here, similarly to the price action shown in stocks. I expect copper to rally until the end of May easily, upside targets are on chart and are valid while it holds over 2.288 or time runs out, whatever happens first.
Ray Dalio's cash is trash idea is starting to materialize (albeit a bit too early sadly for him).
Cheers,
Ivan Labrie.