GM: Rejoining the long side here, graduallyI like $GM here for a bottom against the yearly mode support. It also coincides with a strong support from the uptrend off the 2015 low, which makes me think it won't go any lower than this, despite possibly ranging sideways for a while longer before shooting up with force.
In the long term, $GM's valuation down here will let you sleep well at night, while waiting for the breakout in the quarterly timeframe. Target for it is over $57, so it will be worth it as a hold.
Yield is excellent for a company this size, I'm fairly confident that it will gain traction soon.
Cheers,
Ivan Labrie.
Keyhiddenlevels
USDJPY: Timing the correctionUSDJPY's weekly chart implies we could be seeing a bottom very soon, with significant confluence from technical signals. I will be monitoring its development closely, in order to catch the bottom in it, and perhaps gain exposure to this pair, and/or the S&P500 index, which we can obtain via either CFDs, Futures or ETFs.
Best of luck,
Ivan Labrie.
NZDUSD: Interesting setupI'm entering gradually into a long position here. $NZDUSD has built a significant monthly mode here, which could evolve into a breakout and eventual monthly uptrend. The weekly is neatly oversold into support, and flashed a buy signal courtesy of RgMov, so going long gradually here is a good idea.
Don't risk much, I would consider a drop below 0.689 a good invalidation level for this trade.
4h and daily charts show potential for a rally as well, so you could see rapid progress within a couple days, hence, you should average in during 3 days until you have maxed the risk on the trade. Risk a maximum of 0.5-1%.
Good luck,
Ivan Labrie.
ZECEUR: In case anyone missed this...I've been going on and on about Zcash, I hope some of my followers are in the trade with me and my clients. Great profits already, and more to come with some luck.
If we move above resistance after today, we will continue trending up. ZECEUR could easily hit 120-152, and if above that, the weekly could see us hit 220 eur...The first fundamental key level resistance, which coincides with a technical level is around 411, so, hang in there and be patient. If it indeed starts trending, it will be like ETHEUR's rally before it, so, it will give a lot of short term opportunities, to make quick profits while holding the core position.
Fundamentals are aligning with my vision here, there's a chance that the problems XMR's anonimity appears to have, might kickstart this rally, together with bug fixes by the proactive Zcash team, as well as a potential addition to deep web marketplaces like Alphabay...the developments could cause an explosive rally, specially if you consider the limited floating supply.
Happy Easter!
Ivan Labrie.
MPC: Long term uptrend signal$MPC has an excellent long term uptrend signal at play here. If not long you should average in over 3 days at least, risking a drop to 43.42, or 3 daily average ranges down. Targets are 89.66 and potentially up to 143.09 in the long run, to be hit by or before Q4 2019.
My mentor, Tim West has been adamant about $MPC's strengt, and so far he's been right. This stock has shown relative strength, selling off less than its peers and rallying more and with lower volatility, indicating that there are some big players involved, buying in the background.
Fundamentals are great for this company, and valuation is compelling, so it's a really low risk trade.
I'd reccomend holding this and $PBF for exposure in this sector.
Good luck,
Ivan Labrie.
AUDUSD: Likely going up after retesting supportI think we can see a rally against the dollar here, and in other pairs naturally. This one happens to have a nice setup overall and has positive carry. You could risk a drop under yesterday's low, or 1-3 atr below 0.7475. There's upside to retest the next resistance level initially, eventually, one day it could break out in the monthly, but it's hard to put your finger on it and say, ok here it goes.
Good luck,
Ivan Labrie.
EURUSD: A good hedge, and a valid tradeI have a powerful signal here, bought breaking yesterday's high today. I had given up on Euro longs, and sold in disgust, which is a strong 'self-contrarian' signal. Whenever it happens, take heed, and act with haste after the market breaks a previous day high or low, since your exit. If you don't take the trade back, you will probably face one of those times when you exit a trade at the bottom, to then see the trade go your way without you...so, why face that irritating feeling?
Fade yourself, when we're emotional, we're a reflection of the 'herd'. Fascinating huh?
Good luck,
Ivan Labrie.
BTCUSD: Weekly updateI've reviewed the chart and there is a chance to rally to loftier targets, but as I said in my previous publication, fundamentals present a challenge to a stable non volatile uptrend. I don't discard a decline to test support below, and would welcome it with open hands to add to longs.
In any event, we will be watching it, and ready to add up to 80% of the crypto account funds to BTC longs, using margin if the opportunity arises.
For the time being, I reccomend holding your long term long positions, preferrably off exchange for the most part, except for some collateral needed to trade at exchanges. The weekly targets are significant, and will be confirmed after today's daily close.
In the short term, we can easily test the key level above, but it wouldn't surprise me if we get a drop after doing so. So, better do nothing and watch closely.
Cheers,
Ivan Labrie.
USDJPY: Weekly analysis - Trend up possiblyThis is a weekly breakdown of the patterns in $USDJPY, showing the power of Tim West's methodology in action. I'm back in the long side here, bought at 110.611, and will let it run until we retest the supply at the top of the range at least. If we do get there it will be interesting to see how it navigates through it, or, if it tops and goes back down.
The market has some upside left, to the tune of 10%+, so it is likely that investors will use the yen to get some free money to invest in US assets. We have record outflows from japanese bonds and stocks, and it is likely that this correlates with the move back into the US for foreign investors.
Cheers,
Ivam Labrie.
BTCUSD: Maybe still sideways, back to support soonI'm holding my long term positions, I reduced my exposure lately, and will be looking to buy more BTC after this potential move down ends. Looks like we're about to witness a new wave of fundamental chaos, with talks about Bcoin, a new alternative to Core, which apparently some miners are looking to peddle, and which already received some positive talk from the usual suspects. I suppose some if not all miners benefit from maintaining the status quo, so they started falsely supporting protocol changes, which they will never back with hashrate, to avoid Segwit taking their mining efficiency tweaks.
If that's the case, the market will remain sideways until these miners are exposed with sound evidence, or someone releases their hacks to improve mining efficiency covertly for instance.
I'll focus on the long term, and hold my 2-month timeframe positions, but I'm out of daily trades. I did open a margin long in ETHBTC as a hedge, so, that should suffice for now.
I'll update my clients once I think the bottom's in, and after any meaningful change in the analysis. For now, I'll keep my posts here to a minimum. I think I have proved Time at Mode's efficiency in this market sufficiently for now, together with Tim West's prior work on Bitcoin and ETH.
If you have any questions, let me know in the comments section.
Good luck!
Ivan Labrie.
TEVA: Potential monthly bottom spottedI'm entering longs here, averaging in gradually. I anticipate a monthly scale rally, back to 54.59 possibly, coming off a double bottom at key support, with an extremely low valuation, and positive news regarding breakthroughs in delaying drug metabolism.
Good luck!
Ivan Labrie
RSX: Time@Mode case study - Weekly uptrend, new signal soonThe Russian stock market index ETF is acting strongly. I think we can expect continuation of the uptrend within a couple weeks. So, try to go long on dips if not already in. I'm long using $EEM personally, but, both are good now. Longer term, the trend could evolve into a monthly rally, so I wouldn't want to miss it early on.
You can see how the trends acted and were predictable using the 'Time at mode' methodology in this timeframe. The last signal time expired, so we are waiting for a new 14 week or longer uptrend signal to form here. Potentially, it can rally following the yellow arrow on chart, if it does indeed trigger a new uptrend signal.
Good luck,
Ivan Labrie.
BMA: Holding longsThe trend is very strong in the monthly timeframe. Every single signal has worked, telling us before hand what the market would do, with actionable setups and extremely perfect accuracy. BMA is a good performer, with still a modest valuation, and expected to deliver in the coming months, specially if the government's infrastructure plans pan out favorably, since they are going to benefit from it, being the largest bank outside of Buenos Aires. You can read more about it here: xbma.org
The daily chart offers a good low risk entry here, in case you missed it at lower levels. I'll add the ADR chart in the comments.
Cheers,
Ivan Labrie.
Gold: Long term buy planWe can buy gold in this manner. It's better to buy on down days, ideally between 1210 and 1202, but it will be harder to go that low. Buying under 1222 is ok overall, but better to only buy on each day when the market is down enough and hits support.
Buy for 2 weeks at least, or maybe until April 21st. After this date, the market can break the top and go way higher. I don't think it can break out before April 3rd, at the very least, simply not likely.
Takes time to absorb the selling to break the resistance from old resistance levels.
This is a good asset to own in your portfolio, together with silver and a few currencies, as part of a diversified long term investment plan. A 10-30% position is optimal here. You'd start buying 2.27oz per day, for 11 days, but you could buy more if you can buy at lower levels, just aim to risk 0.25-0.5-1% if stopped out after you buy the whole position. You might end up holding a much larger position if adding more buys at lower prices.
Good luck,
Ivan Labrie.
Peru: 75% upside in Peru in the long termLooks like a very low risk buy opportunity, as part of an investment in emerging markets.
The Peru ETF, EPU has a nice technical chart, and would be a fine addition to an emerging markets portfolio. It's also a dollar short, due to the heavy weight of commodities in Peru's GDP.
Good luck,
Ivan Labrie.
USDSEK: UpdateIf anyone followed my last update in my previous $USDSEK post, you are back in the long and in profit. Keep an eye on resistance here to see if we break through, and march to 9. If we do break the top of the range, we could trend higher, for a long time, otherwise we might form some kind of sideways pattern, or a triangle.
I labeled some of the signals from the 'Time at Mode' method on chart. You can see how it perfectly describes the rally from support, and the retracement and eventual bearish failure after the rally off the top of the Brexit range.
Cheers,
Ivan Labrie/
ZECXBT: Bottom spottedI think there's good odds that is the end of the ZECXBT pullback, so I expect a sharp rally starting tomorrow. I've been accumulating for some time, and my average entry is quite good, and currently in profit, so I am willing to let it run to see if we trigger a new uptrend, in which case I would be adding shorter term trades, aiming to capture the potential upside the chart implies here.
From the fiat chart, we also get good signals, showing strong hands are holding the market up.
It's just awaiting a catalyst to take off, so, I will continue to hold and rebalance my positions for now.
Best of luck,
Ivan Labrie.
ZEC/DASH+XMR: Probably good to swap your XMR and DASH for ZECLooks like a turning point here in the ratio chart of these coins pitted against ZEC. ZECEUR and ZECXBT hit a huge support level which is an ideal long entry, so, if interested in riding the potential uptrend continuation play in it, consider taking at least partial profits from any holdings in DASH or XMR that you may have, to invest in ZEC. It is relatively stronger now, and also cheaper, so, it might catch up to these two other similar assets.
Cheers,
Ivan Labrie.
Zcash: Potentially catching up with DASH and XMRI think ZEC will be an interesting investment, but it's not safe to just enter a big position at market. I'll leave the specifics of the entry and trading strategy for my private signals group.
I wanted to share my expectations here, keep an eye on it, don't miss out on the potential upside.
Fundamentals are interesting, with the involvement of Zec developers with the Enterprise Ethereum Alliance project, potential for Alphabay to incorporate it as a payment method, and interesting price action, I think this is a solid long term bottom in this currency.
Good luck,
Ivan Labrie.
BTCUSD: At the ETF key levelI think we can see sideways action in Bitcoin here, which could imply upside for altcoins while it lasts perhaps. I would want to see it hold for one day above the key level, to aim for higher levels. Otherwise we might either form a daily mode around here before breaking the resistance, or go back down to support, to then rebound higher.
The theme is that the long term trend is intact, and it's bullish, so, you should strive to buy oversold dips into support, but not get enamored with positions that exceed your long term allocation of 20% of the crypto account. It's a good time to reduce exposure, and getting rid of margin longs for sure. If anything, lend to margin traders yourself.
Good luck,
Ivan Labrie.
BTCUSD: Trend is up in the long term, but fundamentals are riskyI'm watching weekly CCI here. Maybe we go into a triangle here, until the risks are out of the way.
This is what I see as most probable. Not a huge drop, like most think, but it can also happen.
For that reason, to prevent losing my huge profits I got in the past two years, I have reduced my position to 20%, which I never sell. I also hold 20% in ETH spot.
I am hedged via a margin position too, and waiting to exit the hedge and look to trade BTC once the dust settles.
For now, take a break gents, relax, watch oversold readings in CCI in the weekly. Don't oversize trades, don't use leverage if possible. It's a two edged blade.
If we don't hold support at 880-920, we could see a significant decline back to lower support levels. I don't it'll happen, but better be prepared in case it does (here's when the margin positions help with hedging our risk).
Good luck,
Ivan Labrie.
BTCUSD: Potential bottom after a bearish sentiment extremeI think BTC has bottomed here. I resumed my spot long position at roughly 864 euros earlier.
I only had a 20% long position, and the rest in cash and ZEC, MLN and ETH.
My clients and me have been riding the uptrend with great success, and reducing risk during market corrections. It's not yet clear if the trend will resume yet, but, this was a good low risk level to try and join it once more.
Keep in mind I keep a core long term position open at all times, which I never sell, and the same is true of ETH, and maybe ZEC too soon.
If interested in learning more, or gaining access to my private signals group, contact me via pm.
Good luck,
Ivan Labrie.
GBPJPY: If it breaks the weekly mode, it can soarI'm long $GBPJPY, as part of my FX portfolio, I think we might see an increase in FDI in Great Britain, after the Brexit vote. The Yen lets foreign investors acquire free money to invest in US and UK assets. The chart is interesting here, so it's probably a good pair to trade on the long side.
The spread in the UK stock market compared to the European one is interesting as well.
I like the potential short squeeze in the Pound to further boost this trade once commercial shorts unwind.
Good luck,
Ivan Labrie.