EURUSD 2014 selloff DETAILED ANALYSISEURUSD to continue sell off. Red lines indicate resistance/supply levels. Purple lines indicate possible profit levels or reversal to retest the highs. Seeing how weak the pair was from the move between 2014-15, today's entry would be a continuation of that weakness. Price could retest the Purple lines & reverse to retest the most recent daily high of 1.25438. At which point, I'd be looking for yet another sell re-entry, expecting the trend to continue downward, ultimately making a new low & continuing further. This original impulse move could easily see itself doubled in the next year or 2. This is an easy entry play for profits in a long term portfolio approach.
I'll be approaching this trade in a with a position building technique, similar to a Warren Buffet style. Selling the highs, building the position ate every re-test of the high, as the long term chart has signaled continued weakness.
I don't like a lot of indicators on my charts. The least amount of lines, the better you can step back & see the bigger picture. Volume doesn't even move my decisions in the longer term picture. Large buyers gain the edge by hiding their volume, so why heavily consider it?...
Longterminvesting
Nifty on monthly charts- exhaustingWhile Nifty 50 on weekly charts still looks positive and we await signals on alternate time frames to see for signals, lets have a quick look what the monthly chart is suggesting
Observations :
1. We have seen (you can see my other post on Nifty Next 50) that the Next 50 stocks are not making new highs like the Nifty 50 (sign that not very broad based move, not very positive)
2. Monthly chart is showing that the momentum is slowing while we are still above the trend line, which price has been testing over the last few months. The real body of the candle has been becoming smaller but the volatility has been increasing , more on the downside, which means bears are trying to push the price down, however, bulls somehow managing to close higher.
3. There is also a bearish divergence between price and RSI, Price moving upwards over the months starting from Jan 2018 upto now, however RSI has been sloping downwards .
4. If you observe the candles from Jan 2018 till date, you will also find that while price has been ,making new highs, the retracements downwards have only slightly made higher lows, very close to previous lows on intra-month action basis, again signifying some kind of exhaustion in prevailing trend .
5. In June 2019, Price made its attempt to close at peaks of 12,124 after opening just below the crucial 12,000 mark, but the bears rejected this price closed near 11,154 levels. From May to July the rejuvenated bulls tried to beat the 12,000 mark but were thrown down stronger to test 10,250 levels
Look out for multi time frame analysis on this on my other posts.
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XRP Long Term TrendGood afternoon ladies and gents! Another Long term Position I have been accumulating for quite some time. This is a long term trade set up that is probably going to last between a year or two. I swear to god I had this posted a while ago, I guess I only did Dash and a couple of others. Mitch Ray gave me a reminder of this possibility here!
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Bitcoin, personal point of viewI want to share with you, in short, what has been done so far. Bitcoin was globally unknown until 2017. It was a new technology and it was familiar to a small percentage of people.
Then the huge Bull Run and Bitcoin became a "Star". The new internet star.
Many people entered the market in 2017 during the Bull Run and right after. They engulfed the community of Bitcoin believers.
Most of the ones who entered the market in 2017 soon after the Bull Run realised they were fucked up and some of them stated selling and this sell off fostered the well known 2018 Bear Market. Some of those investors left the market forever, others are still there and others never sold their BTC holdings. It's interesting to read the data about people holding BTC, you'll notice a very sharp upward trend over the years.
All right and so...? Where are we now? What are we up to in 2019? What is the most likely scenario?
I believe that Bitcoin is still a strong investment if we are looking for long term profits. I believe that Altcoins, some of them, will have a great success and will increase their market cap displacing Bitcoin for a little while.
Bitcoin is the technology that created all of this therefore I believe will stay longer than any other Altcoin. However in all of this, when deciding which cryptocurrency to invest in we should strongly consider the institutional aspect...because that will be the next step before global adoption takes place.
This is not an investment advice, just an opinion that came from what I have read about Bitcoin and Cryptocurrency Market so far.
Be patience and enjoy your life regardless of what Bitcoin will do.
Peace and Love everyone.
My Best Grand Supercycle Attempt For SPXIn my best guess at where we currently lie in the Grand Supercycle Elliott Wave Theory, I have us in Wave 3 Grand Supercycle, Wave 5 Supercycle, and Wave 5 Cycle. This most likely puts the pullback for Wave 4 Grand Supercycle and A-B-C Correction for Supercycle/Cycle between around 2350-2085, which are .618 levels. However, based on earlier corrections the market tend toward 50% on the A-B-C Corrections, if you throw out the 1929 crash in which the financial protection devices available now were not around. So, if we do lose 50% or so of value from what I believe will be the top of Wave 5 of this Cycle at around 3378 or so, that puts the pullback as low as the 1650's. Keep in mind though, Wave 4 of the Grand Supercycle cannot exceed the Wave 3 top, so no lower than 1576 would be allowed. If this holds true, then we are still looking at a Wave 5 Grand Supercycle extension. This can typically extend to either 1.618 or 2.618 of Wave 1 to Wave 3, which puts the upper level of Wave 5 Grand Supercycle around SPX 10065-10100. SOOOOOO....I personally believe that the "permabears" of the world will never end up on the list of the richest in the world. They will eventually be right once in a while and the market will lose half its value--but a long term bet against the United States Stock Market in any form is a loser. Just one man's opinion. I will continue to try to make #moneybothways while the market twists and turns through options, but on any significant dips I will be sinking my biggest bundles of cash on hand into this perpetual money making machine. Comments welcome, just having a little fun looking at possibilities. Happy hunting and GLTA!!!
You're Gonna Want To Own This 10 Years From NowIt's true, I am a technical trader. But I am an overall investor when buying for the long haul. CDXS has dipped back below its IPO price, and the CEO has just purchased 10,000 shares of stock with his own money. He has sold stock in the past, but they were all options exercises, exercised and sold same day for a much higher price. Basically free money. His overall share count never changed. Until a couple days ago. Technically is running into the weekly 125 moving average, and coming up on horizontal support levels. But what this company does is very relevant in the lower drug price debate, and it has nearly 100 million in cash to use however it wants to foster additional growth. Put it like this--CDXS is the primary holding in the custodial account I have for my daughter. Tells you about all you need to know about my feelings about this company 10-15 years from now. Trade as you wish, but invest for the future, not the moment. Happy hunting and GLTA!!
Clearly down in value but not for long. This is a keeperAs I said before I like Disney. The only reason they are down (as the article indicates below) is that they spent money to grow.
You can see here that current price as of today *8/13/2019, is just touching back above the upward rally line. I think that this will come back into the black.
As Warren Buffet said, "You don't buy at stock because you want the price to go up or down. You buy stock in a company because you want to own it!" *Earnings report released 8/6/2019
I definitely want to own Disney.
*Excerpt from Article
Lows
...and who's down
What would Tinkerbell do?... Disney just announced record-high quarterly revenues of $20B. That's mainly thanks to Avengers: Endgame crushing box office records. But profits plunged 51% because Disney treated itself to 2 major acquisitions: Mickey bought Fox and most of Hulu as it preps its own streaming service, Disney+, for a November launch
Xrp/Btc Matters More, To Trade Xrp against any market.Comparing this chart Xrp/usd to Xrp/btc the Xrp/btc pair Xrp is retracing back to its all-time lows, so I will not be expecting and major surges on the Xrp/usd pair not unless there is a change in fundamentals and momentum on the Xrp/btc pair. Against the dollar (Usd) or tether (usdt) Xrp did hit its all-time high, according to my opinion we will have another ath, that is if the price of bitcoin will be above $20,000 and Xrp will be above 22048 satoshi against bitcoin.
Xrp Entry points - $0.16 – 0.457
Xrp Exit point – exit when Xrp hits 16022-2204 8 satoshi against bitcoin.
Near Buy Zone and Divergence Blinking tooThere is possibility of temporary retracement to suggested Buy Zone 76.35 to 75.90
wait for retracement, until the price tests the zone, whether approaching, touching or entering the zone.
then set buy orders based on price action, candlestick confirmation is needed
long term opportunity with this clear data is not happening all the time...
Good investing opportunity on the U.S. banking sector.The KBE ETF, which tracks an equal-weighted index of U.S. banking stocks, has been rising on a very steady 1M Channel Up since the 2008 financial crisis and has recently rebounded on the latest Higher Low (RSI = 50.776, MACD = 0.640, Highs/Lows = 0.0000). This presents a good buy opportunity on banking stocks, which are expected to outperform the market in the coming years. Our long term target is 52.00 with 60.45 in extension.
Long Position on Aurora Cannabis INCThe news about the sector looks like it´s a new commodity to add to our watchlist of stocks, furthemore the company have to ways of growing the bussines. The medical and the recreative way, so they grow the capacity of production and the customers are growing worlwide.
In my opinion this company have a long travel and i want to follow very near, i just bought 500 stocks at 7.06, lets see where the company arrive, i will add another position if it touch the level of 4.5-5, and then wait until the next benefits on may.
Bitcoin: A long term perspective (UPDATED)*DISCLAIMER* - This post is just for fun. The scenario I am going to lay out in the following write up may or may not come to be true. If it does, I am not a financial guru. If it doesn't... I am, definitely not a financial guru. Layman's language will be used to address as wide an audience as possible, please to do not take offence.
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Hello all! I'm doing an updated, more in-depth analysis/tea-leaf prediction on the hows and whys of where or where not Bitcoin is headed over the next few years. I am going to attempt to explore all possibilities both bullish and bearish so please 'bear' with me, this is going to be a long post.
First things first, long term price projections are anyone's guess. There is really no way to predict with any slight degree of accuracy where the price will be on future date X. The only thing that is certain is that the price will be somewhere not expected by the majority and anyone who guesses correctly got lucky. There is no skill involved.
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Now all that is out of the way, lets examine the chart above.
There are three main dates I want you to take from this chart (+/- a few days because cannot pinpoint on weekly candles)
Nov 2012
July 2016
May 2020
From the first halving to the peak of the 2013 bull market it took 365 days.
From the second halving to the peak of the 2017 bull it took 518 days, this represents a 42 % increase in time (rounded up from 41.92XXX %)
Assuming this compounding increase of time will be true a third time, we can estimate that it will be roughly 730 days after the halving of May 2020, until the peak of the next bull market. That puts the next mania in and around May of 2022. Keep in mind we can over or under-shoot this time frame with the former being more likely in my opinion. As such, +/- 12 months to the date of May 2022.
What is a Bitcoin block reward halving?
For those who don't know, these are the dates on which the rate of inflation (inflation = increase of supply) of Bitcoin is halved. They occur roughly every 4 years or every 210'000 blocks. So why does this matter for the price? In my opinion it is an important catalyst for a spree of buying because it brings with it the reminder that Bitcoin is getting increasingly rarer.
With each cycle, the volatility reduces, and the time it takes to reach climax gets longer. This can be seen by the arc of each movement being longer or more stretched out on the X axis and having a less steep angle of attack on the Y axis. Why? Because the higher Bitcoin goes the more $ is required to move it. In theory, if BTC is to reach the status of a globally accepted store of value, it implies a market cap of several trillion and it's % 'swings' per day will be less than 1%.
The Mean
As seen on the chart above, the mean price is represented by the curved, green dotted line. This is a rough estimate I made by taking the average price of previous bubbles.
((top + bottom) ÷ 2) = mean price of the bubble // To find our point we measure the time it takes from top until bottom and divide by 2 // Create a vertical line at the middle of the time frame // Where the average price and halfway time vertical intersect, this is our point // Repeat for all three bubbles (Assuming $3k is bottom for the current bubble) and we are able to plot the mean price over time.
It does look incorrect visually speaking as the inclination is to think the average price should 'divide' the price in half throughout Bitcoins history. The fact is that because Bitcoin pumped so high so fast throws it off.
A, B & C - Trend lines
Labeled above as A, B & C are the trend supports Bitcoin respects during it's bull runs. One way we can can watch out for the next bull market is when BTC starts to make a series of higher highs and higher lows that respect a definite line as support. It will grind up along the line, testing it as support several times along the way before taking a steep jump away from the line to start a parabolic run.
What we are looking for in this case is trend line 'D' to reveal it'self. For a safer investment strategy, one can sit the market out until it appears before buying in.
Weekly moving averages
Please refer to the colour coded reference on chart for clarification. I see a lot of people saying that if BTC breaks the 200 week moving average that it is game over, I disagree. What these people are overlooking is that we also have a 300 week moving average below, a 400 week moving average. 500, 600 & 1000 week moving averages, so the idea that one must hold or BTC is ded.... is just plain silly.
MA's are a powerful tool in the arsenal of a trader/investor. For those who don't know: A moving average is nothing more than a smoothed version of the price compromised of the average price from X candles on any given time frame, X being the input.
For example;
MA 20 // 1W // Each point contains the average from the previous 20 weeks of price action
MA 150 // 1D // Each point contains the average from the previous 150 days of price action
MA 200 // 1H // Each point contains the average from the previous 100 hours of price action
MA 500 // 5M // Each point contains the average from the previous 2500 minutes of price action (500 x 5)
And so on and so forth.
X, Y & Z Climax points + Next bubble potential targets as a result
These are the points at which the price breaks above the mean and goes near vertical, not much else needs to be said about that. People are often disinterested if you don't talk price so here is an observation (I am not implying this will be the case).
Coincidentally, the projected trajectory of next mania intersects the mean at about $50'000. This is a very important price level psychologically speaking because it means a cap of $1'000'000'000'000 ($1 Trillion). Humans like round numbers, $50k is very round. To get to $100k from $50k, as implied by the breach of the green dotted line (the mean) we need another $1 Trillion in market cap to be added... is this likely? Honestly who knows, it's Crypto.
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And now for the BEARISH scenario - The part no one wants to hear
From a TA and FA standpoint there is no real reason to be overly bearish in the long run. But for arguments sake I will bring some things to mind that could bring the bearish scenario into play.
Black Swan Events // Self explanatory why these are bearish.
Regulation // If Governments or banks decide they don't like Bitcoin or any non-state run crypto, they can simply make it illegal to use. They cannot stop you from using it but they can prosecute you for doing so.
Recession // This will be Bitcoins first real test as we are heading into the next global recession at the time this publication. Bitcoin was forged in the fires of the last recession, will it be able to stand tall in this one? Time will tell.
I do see some people saying that the pieces are being put in place for the big boys to pump Bitcoin to the moon during this next recession. There is a chance of course but it is in my opinion quite delusional for two reasons.
1) It makes zero sense to hedge in the most risky asset class in existence during times of high risk in the traditional markets.
2) Bitcoin whales are sooo far ahead of the curve in terms of accumulation that if Institutes were to pump Bitcoin to hedge their wealth during the recession that whales could obliterate their wealth by dumping. Remember, the higher Bitcoin goes the more powerful they are in this regard.
Outdated // Some new technology could be so much better than Bitcoin by several orders of magnitude that people decide to ditch Bitcoin in favour of the new coin. Unlikely, but unwise to rule out. This is why diversification into projects aiming to solve on chain scaling is not a bad idea in my opinion.
Difficulty // Bitcoin difficulty adjustment happens every 2016 blocks. That means at the average price of blocks (10 minutes) it takes 2 weeks for the adjustment to take place. If there is a sufficient drop off in the network hash rate (we saw a significant % drop during the BCH war but not enough to cause long term damage) the difficulty could be so great relative to hash power that the Bitcoin protocol effectively freezes. In theory the network could hardfork to an adjusted difficulty rate but what is to say the same thing couldn't happen again?
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Conclusion
We live in exciting times. We are perhaps on the cusp of a new type of decentralized society and I am cautiously optimistic going forwards. Regardless of the price or getting rich, if this experiment succeeds humanity has a brighter future ahead, potentially with a bottom up structure. That being said, I still think we are 18-24 months out from the beginning of the next bull market. Be patient, see the bigger picture and accumulate accordingly.
Thank you for taking your time to read my ramblings (if you made it this far :P). I really do appreciate it!
P.S - Please leave feedback in the comments and perhaps even coin suggestions that I can do future posts on similar to this.
Peace.
Hain Celestial - Correction mode over?The food company, with sales of $ 2.8 billion and 7,800 employees, has already passed the correction phase at $ 25.46 and completing the wave E of 4. The complete previous upward movement has been corrected by more than 61.8% and that is a good trend reversal range.
Hain Celestial specializes in the production of organic and natural products and is currently in a restructuring phase. There is market potential in an increasingly conscious population, and after completion of the restructuring, prices of US $ 90-130 should not come as a surprise over the next 5-8 years. For investors with a long-term horizon, therefore, an entry into this stock should be considered. However, the stop loss should be set at $ 20.06 to reduce the risk.
Greetings from Hanover
Stefan Bode
P.S. If you liked it, talk about it and recommend me.
Long-Term forecast from https://walletinvestor.comI just saw something VERY alarming. With today's chaos, I took to the internet looking for long-term crypto forecasts.
According to walletinvestor.com , out of BTC, ETH , LTC, and XRP - and this of course is only 3rd party predictions , the results are shocking. Have a look at the long term forecasts at walletinvestor.com for the major crypto's. Unfortunately they only have forecasts available for what can be termed as the fairly recent top-5 cryptos , and according to their site , out of the coins listed , there is only one with a current positive prediction.
You are likely to be surprised.
*I am nobody. This is not financial advice. Only a relay of Information available to the public at large.*