Get started

Korea

ridethepig | KOSPI for the Yearly Close📌 The beauty of Korea is revealing itself right on time... the breakout is difficult to maintain as can be seen on the yearly close, the slingshot which turned out to a correct play for buyers has unlocked the potential for a major rally in 2021. Capital has its eyes on Korea (and a few others) for the advantage in its currency (KRW) and economic mobility across the continent. For different reasons to India, but with well placed influence, Korea has the chance to really outperform in the next decade. EM Equities and currencies are going to provide a lot of opportunities for 2020: With that recognition behind us, I am going to be spending a lot more time in Asia for this chapter in the economic cycle. From 2020 - 2030 we are going to see a the great migration of capital from West to East. The ability for KOSPI to break 2,600 is showing how flexible the bid really is into the year close. We also have to take note of the differentiation of outside candles on the yearly: Here deploying capital to Korea for a strong move in 2021, though it involves some understanding of the relevant sectors (we will dig deeper into some single stock opportunities and sectors later in the month so start to prepare your charts). Thanks as usual for keeping the feedback coming 👍 or 👎
KRX:KOSPILong
by ridethepig
ridethepig | KRW for the Yearly Close📌 KRW for the Yearly Close This brings into an important consideration for review the long-term KRW chart, the plan chosen by sellers has been able to lure in late unaware buyers at the highs because of the simple nature of the impulse employed. By trapping the highs and aiming for the negative break in the yearly close, it is a very bearish sign. Moves like these, do not happen often and are noteworthy. Another Yearly outside candle which as a matter of fact, should fix itself towards 900. What is important for us to track here is the 'pressure' break which is being played after the Fed capitulation. So it is worth considering adding to shorts as this looks set to continue in 2021. 📌 Nevertheless, I will continue to go through the technicals across the board, before we dig into macro details together towards the end of year for a final talk shop. Thanks for keeping all the feedback coming 👍 or 👎
Short
by ridethepig
KRW/USD Korean CurrencyCUrrency looks like it got rejected by resistance, should whipsaw here.... hopefully down next week. When trading foreign index ETFs like EWW, EWY, EWZ, or TUR, you gotta pay attention to the currency trade as well. The funds are NOT hedged against currency which means you're playing both the index and the currency. You can trade these ETFs to take advantage of currency trades, take a look at TUR. Between Biden being elected, vaccine, and the issue in Armenia being resolved, TUR went up like crazy this month.... (I missed the boat on it though I made a killing a couple of years ago when the Turkish Lira crashed)
by hungry_hippo
ICON is primed to make HUGE gains - over 2500% GAINSIcon is one of the gem many has yet to realise. This is the Korean ETHEREUM. Icon is the only one that is worth mentioning in KOREAN market as of now. LITERALLY can own 50% of Korean market when this matures as Icon is already working with huge enterprises and Korean governments now. One reason i say this is because it is building an STO platform. this platform enables publicly listed or even SME companies (ANYONE) to join Icon network to launch tokenisation services. And STO reminds us of ICO. what ICO helped ETHEREUM make 10000% gains. So in long term outlook, icon can do this gains, and a wider and more regulated light. Right now, Icon development for STO token standard is completed. We are only waiting on STO smart contract(stabilization stage) and official STO platform in ICONest 2.0 (in development). 31st May 2020 is their next update on development. Of course STO is the only thing im mentioning here, Icon has also recently partnered LCX, which is an STO platform regulated and partnered with World Economic Forum! This is a hint for you guys. What the chart means? This means, every $1000 invested into ICX can potentially make you $25000. or 25X your Bitcoin holdings. MACD in Long term is looking BULLISH! and you know when weekly shows bullish, icon can jump up to the sky. If you are not a trader and long term holder, this is def a good one to get on IMO. 100 million Market Cap for ICON is just a dream. this can go up beyond 10Billion in a bull run This is just being conservative when it reaches near ATH of last bull run, and we know once bull run started, prices goes crazy up. and another 100x from here is not unachievable. which means every $1000 into ICX can make you $100000. This is also under a hedge fund manager Buy Up to list of $5 currently and in a bull run its going up and beyond. Current price is only a small 0.30 cents. an easy 10X SHORT term. The chart drawn can happen sooner if development and partners start using ICON Platform. a true gem to watch for. This is just my opinion. DYOR
Long
by meowoao
4
Icon's icx will blow up! Yesterday's top is tomorrow's bottomMoore's law has tought us that historic evolutionary patterns are happening 10 times faster after each new technological or scientific breakthrough when it hits the mainstream public worldwide. This breakthrough is then followed by a parabolic and very bubbly event, only to face a dozens month old bloody correction, while finally allowing the new market to mature as it becomes adopted and globally regulated. The end result causes yesterday's all time highs to become tomorrow's new bottoms. But what history has shown is that only a few select will rank above everything else and this will only take place when the potential promise of a strong vision is fulfilled on a global scale changing humanity's habits in a way we never thought possible. The last time a transition like the one I'm describing above happened was between 1984 and 2020. This has been a time of great change that started when Nasdaq introduced the internet to the world as early as the 1980s. When the Soviet Union was falling and the Berlin wall fell a new world was being reshaped thanks to the start of the internet era. These highlights preceded another historic event 2 decades later. Of course, we've all heard about 9/11 and how it paralized the entire world in 2001. After the dust settled, it took the internet market almost 6 years to hit the peak of a sucker's relief rally and mark the end of the dotcom bubble burst. The parabolic unexpected rise that the internet bubble displayed the first time, was something that is still unbelievable to this day. Even though denial and disbelief are a thing of the past, we can still wonder what those so called experts have to say today when asked if our computer pundits lacked all common sense back in the day? Well look at how unimaginably far "electronic wonderland" has come. The internet did indeed replace traditional systems used by banks and governments in the 1990s. Now another global event is about to close a chapter that started as early as 2008 when the global recession took place. We're seeing one after another industrial revolution, each time happening exponentially faster and in a more impactful way than the previous one. The world is being taken by storm yet again, as cryptocurrencies more than outperformed in the last quarter of 2017 and in the early days of 2018. In contrast and just like the dotcom bubble peak back in 2001, both astonishing events preceded a very bloody correction in the 2 years that followed. Both events witnessed by today's freelancer and entrepreneurial millenials, saw Nasdaq find the true bottom around the fourth quarter of 2002 followed by a crystal clear relief sucker's rally that lasted 6 years up until 2007 soon ensued by a higher bottom to spike a much much bigger rally that continues today. Now that the cryptocurrency market is maturing, we can see history in the making as bitcoin did indeed reach a massive technological breakthrough at the end of 2017 followed by a 2 year bloody correction. This time though, moore's law didn't disappoint as the bitcoin market printed a 6 month sucker's relief rally ensued by a higher bottom just a few short months later, signaling the end of the bear market and hinting at another meteoric, more progressive but healthier bullrun between now and 2030, if not earlier. As thousands of internet startups went bankrupt after 2001 and few of them started recovering from 99% losses, Amazon, tesla, google, microsoft and facebook just to name a few have prospered immensely from that moment onwards, and in what an outstanding way! So, if 2020 is a strong indicator of what's to come in this exciting brave new orwellian and huxle'y's world, there's a big green light that the cryptocurrency and blockchain market is going to shock the world 10 times faster than the internet 2.0 market has to date! As you can already see Nasdaq is nearing bubble levels again, there are internet stocks that have not just recovered to 2001's all time highs after losing 99% of their value, but have reached new gains ranging from 33,000% to 100,000% gains since then with the big internet giants leading the way and Tesla surprising the most. If 99% of altcoins do and will eventually die out, I have absolutely no doubt one under the radar startup that's become the bridge to leverage the smart cities and connected cities of tomorrow bridged by blockchain technology that's run on Central Bank Digitally Based currencies and X-road replicas, is going to absolutely excel more than anyone can imagine. I very strongly believe, a startup based in Samsung's Seoul city, at the heart of a breathtaking and modern South Korea, neighbour to Tokyo, Hong Kong, Singapore and Shenzhen, while indexed on techcrunch's database over at crunchbase, called: Iconloop, is amongst that narrowed list of the top 1% baby companies that will become a behemoth to witness this decade. There is a very real possibility that we will see Icon foundation's token price with symbol ICX hit anywhere from 1 to 2 dollars in the first quarter of this year and 3 to 5 dollars throughout 2020, and anywhere from 50 to 60 dollars by 2030, if not before that. In conclusion: Yesterday's top is tomorrow's bottom.
Long
by axelrodd
2
South Korea (Kospi) Breaking DownI could add many charts right now detailing similar themes, but this one to me is extremely telling.. South Korea is sitting on the cusp of two 30+ year long trendlines it has not broken in quite some time. These are extremely important. I wouldn't be fully surprised if we retest or don't break right away, but given the moves in global markets, it could just bust right through here and head down significantly. Watch for currency movements to be a big part of this. Semiconductor industry likely to get hit especially hard with this in mind.
TVC:KOSPIShort
by GTStockmaster
USDKRW - Covid-19 Hits Korean WonAs the increase of Covid-19 cases in South Korea keeps increasing (Currently 433 cases), I expect the Korean Won to drop heavily during the following days and weeks. The new cases have increased the fears about greater transmission outside China. I expect the USDKRW to go higher, especially since the possibility of closing businesses due to the virus. I am expecting the USDKRW to go to higher than 1244 and then break to around 1273 in the following days or weeks. The last time USDKRW went to 1273 was in May 2010.
by Joel_Ochoa
ridethepig | KRW 2020 Macro MapKorea's economy looks set to be forming a meaningful floor in Q4 and with a helping hand from a temporary pause in protectionism we should see KRW remain in bid for the first half of 2020. For the domestic story, Korean exports have fallen which spilt over to the demand side. With this in mind, should the USD devaluation / reflationary theme pick up pace for the first half of 1H20 it will mean repricing in KRW. On the monetary side, cuts are widely priced from BoK for January. Fundamental risks to the thesis com from US-China trade and the significance of USD devaluation. On the technicals, a textbook Steel Resistance has held at 1219.xx after completing an ABC target sequence. Very high odds a meaningful top is in place and invalidation to this count comes in above 1200. Thanks for keeping the support coming with likes, comments, questions and etc. Another round of 2020 FX maps coming over the next few sessions. For those wanting to dig deeper with the 2020 strategies: NZDUSD USDJPY EURUSD EURSEK USDCNY
Short
by ridethepig
KOSPI: 1W Death Cross confirms bottom. Long term Buy OpportunityThe Korea Composite Stock Price Index is currently on a 5 week bullish streak (5 green 1W candles in a row) approaching the overbought zone on 1D (RSI = 70.924). The important development on the 1W chart though has been the Death Cross formation (MA50 below MA200) earlier this June. This is generally a bearish signal but last time that happened in February 2009 during the Global Subprime Crisis, it signaled the market of the bottom and the start of the new multi year bull cycle. As such we are interpreting this pattern as bullish signalling the bottom of the bear cycle that started with the January 2018 All Time High. This 5 week bullish streak may be the early signal to tell us that we are gradually starting the new bull cycle. Despite this bullish run, 1W remains only neutral (RSI = 50.334, STOCH = 46.185, CCI = 30.0297) indicating that the upside potential is significant. We are long on this market aiming initially at the previous market high at 2,600. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:KOSPILong
by InvestingScope