Long term GOLDHi fellow tradingviewers,
I am back with another long term view. This time it is on gold. Please remember, that this is not financial advice, i am only showing you guys my view on things and there is no guarantee that this is going to play out.
If you guys like this analyses, please dont forget to leave a Like . and if you have any questions or thoughts let me know below!
Lets get starting:
Daily timeframe:
We are currently breaking out of the bullish wedge on Gold, we bought the retest on the wedge formation and are expecting gains for the coming days (Green arrows). This wedge could in theorie get us past the major resistance zone around 1340/1350. If that resistance would break we can expect the outbreak of a huge cup and handle pattern on the daily timeframe (Blue arrows). which in theorie could get us past the 1420 area. where there is very little resitance that stops the price. Making it possible to gains towards the 1480/1500 area.
Weekly timeframe:
on the weekly timeframe we are seeing the possible forming of a ascending triangle. The ascending triangle would be the next support if the cup and handle pattern and the wedge fail to breakout to the upside. If that pattern would breakout to the upside we could see gains reaching as high as the 1700 region(Red arrows).
On the weekly we are also seeing support on the 200 moving average, which usually is a pretty strong indicator that we are in a bullish trend.
Remember we still have a long way to go before any of these thing are going to play out. And news or sudden sentiment changes can change everything. But i thought i would give it a share and ask you guys, what do you think about this?
I would have liked to upload 2 different charts on tradingview but since i am not PRO yet this will have to do the job. I hope that it is clear enough and if not send me your questions.
If you have any questions or remarks please leave them in the comment section below, or send @blockchainuser a DM on instagram!
Longtermtrading
Much more weakness is likely in GBPEURTwo chart patterns are in play right now for FX_IDC:GBPEUR on a long term scale. First of all, GBPEUR is breaking out from triangle, with target at around 0.98. And further there is an option that GBPEUR is forming head &shoulders pattern. H&S would be confirmed, if currency pair breaks neckline around 1, then pound may drop as far as to 0.75-0.80 region.
As it is long term pattern, be ready that this scenario may play out over next few years, and not something to expect in next few months. However, with brexit deadline getting closer, more volatility certainly is likely.
As of now, short with stop at around 1.125 may be attempted for more downside.
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.
EURCHF Distribution In Progress And About To End?Trading Timeframe: H4 and Daily
Trend: Range
Current Position: Distribution
Aim: Imbalances spotted and aim to short to expect the ranging situation comes to an end to welcome EURCHF downtrend toward the mentioned area.
Action: Short
Entry: Right now/once market open
Stop Loss: around 1.48100
Target Profit: 1.11050
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...
TESLA long term rangesTesla is considered to be a volatile stock and it's showing just that when it gets the chance. Even so, it does tend to range and respect certain levels; rallying impressively but falling hard as well.
The latest decline started near the area of the all-time highs around $380-$390, peak levels that were visited 4 times during the last 2 years.
This time, the priced went as low as $231, that is a massive drop of $148 which is nothing new for this asset.
At a first glance, the strong support line and bottom part off the latest range of $250 seems to have been broken.
Taking into account that the company had their Q1 earnings report released recently so it might be worth waiting a couple of days before we get a confirmation of a real $250 break.
The asset is definitely under pressure as it reported a loss of $702 million in Q1 but we could see a strong rebound above $250 in the next couple of weeks.
Additionally, it could be noted that the bad Q1 report was in a way priced in as it was no secret that Tesla struggled with deliveries and would also report a loss.
Regardless, the spike to $231 happened and here we are now just above it.
Based on all this information, as well as the patterns of rallies/declines and general price behavior within these ranges we could be looking at a slow but steady attempt for another $100 rally which could take the price closer to $300-$320 again. That level was kind of the base for Tesla in the last 2 years and was broken only temporarily for a few weeks or so last year in April and October.
Bitcoin - ALL TIME LOW CONFIRMED ! 100 MA WEEKLYLets get straight to the point, bitcoin is going down in the short term however so i'm here to prepare you for the best short you've had in your lifetime !
One of the first support lines of bitcoins big bull market surge is the 100 MA line which acted as support throughout the whole bull market, once bitcoin broke down below it you can clearly see it acted as resistance multiple times. PERFECT EXAMPLE OF BITCOIN BEING IN A BEAR MARKET!
Right now bitcoin is moving up to the 100 MA line again and it is going to have to choose to break it and end the bull market (which is very improbable looking at all the bearish signs and signs of bitcoin being overbought and topped out at this point) or test it, fail and go down finally testing the 350 MA this time and using that support to break the 100 MA in the next bull rally.
Please like & share if you liked this so i can keep making these TA's and trading setups for you FOR FREE :) !
USDZAR SWING BUY After a previous entry ive entered USDZAR again
The Fibo on the side which highlights the 30% level highlights when i should move my SL to BE being a swing trader i can hold trades for up to a month. so I've formulated a new strategy to move my SL to BE when a trade has moved 30% of the PIPs for TP
A trading opportunity to buy in EURCADMidterm forecast:
While the price is above the support 1.4750, beginning of uptrend is expected.
We make sure when the resistance at 1.5360 breaks.
If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI support #1 at 48 is broken, so the probability of beginning of uptrend is decreased.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 1.5215 on 03/22/2019, so more losses to support(s) 1.4915, 1.4820 and minimum to Major Support (1.4750) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.4820 to 1.4860). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.4820)
Ending of entry zone (1.4860)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 1.4915
TP1= @ 1.5010
TP1= @ 1.5115
TP1= @ 1.5195
TP1= @ 1.5285
TP1= @ 1.5360
TP1= @ 1.5450
TP1= @ 1.5640
TP1= @ 1.6150
TP1= Free
Why bitcoin should reach the zone between 27k and 120k?According to the Elliot Wave Theory there are 3 unbreakable rules. If one of these rules is violated, then the structure is not an impulse wave.
This rules are:
1. Wave 2 cannot retrace more than 100% of Wave 1. As you can see the first rule is respected.
2. Wave 3 can never be the shortest of waves 1, 3, and 5. Although Wave 3 cannot be the shortest wave, it is typically the longest of all the five Waves.
3. Wave 4 can never overlap Wave 1. Now we are waiting to validate this rule at this moment.
Look at the 1st wave with Fibonacci: from the bottom at 1$ to 1171.3$ you can see that the 61.8 was highly respected (green zone) and then it was broken.
As shown in the chart, also the 78.6 was highly respected . Indeed from here started the accumulation period that has taken the bitcoin to the all time highs.
Look at the 3rd wave with Fibonacci: a pretty similiar movement . Here there is the same movement of the previous one, the 61.8 level was highly respected , then there was the breakdown and now it is on the support of 78.6 .
You know that it is a manipulated market, but if bitcoin will follow the Elliot Wave Theory, and it will not overlap wave 1 at 1171.3$ there will be the fifth wave that could take the price over the ATH .
But is there any tool that can provide a nice view for timing?
Yes, Fibonacci can also help us in this. So I use Fibonacci Time Zone to indicate a very probable inversion area.
Starting from the bottom to the top of the first big movement. (You can see the numbers of vertical lines at the bottom of the chart)
Here we have timezones:
- 0-1st bullish trend
- 1-2nd downtrend
- 2-3rd small period of bullish correction
- 3-5rd continuation of bearish trend
- 5-8th a period of accumulation before the break of the resistance (61.8 Fibonacci - 448.1$)
- 8-13th beginning of the new uptrend (wave 3) ATH
- 13-21st that anticipate the big crash (the beginning of the correction of 4th Elliot Wave). So downtrend and probable period of accumulation.
At the end, if btc doesn't overlap 1171.3$, thanks to the Elliot Wave Theory and thanks to Fibonacci, we are ready for the next bull run that will take btc over the ATH at the end of the 21st Fibonacci Timezone (August 2020).
S&P 500 Economic Supercycles: What Are They and What Lies Ahead?Here's my modest attempt to identify S&P 500 Supercycles.
The chart shows the S&P 500 (monthly bars) since 1872 on a log scale.
Maybe it is not as bad as they say, and we are currently "just" in the Supercycle Wave 2.
Before us would be the longest Wave 3. Hopefully that's true. I can dream, can't I? ;-)
USD/JPY Possible blue sky breakoutA ton upside available on a longer-term USD/JPY play, but is the time ripe for an entry? Personally, I'd wait for a pull back to the lower 111 range or wait for continuation above 111.6 in the form of a buy stop order. Ideally, the pair would pull back to the 110.3 range (support area) and assuming the area holds, can provide a nice high probability setup to the upside.
EUR/USD Short until October of 2019EURUSD has been on a strong downtrend since roughly March of 2018. I believe we will still see about a 1.10% decline to the 1.1200 range in the months ahead. The next S1 Pivot Point is located in the 1.09 range. I don't think we will see it fall this far in 2019. I'm shorting EURUSD based on a long lasting trend. I've put exclamation marks next to the MACD and RSI. I want to point out, that currencies can remain in downtrends for a while, even when they are oversold. I would set your first Profit target at 1.12750, with a stop loss slightly above 1.14 range, say 1.1425, if you don't wish to have this trade open by the end of the year. Adjust your Take Profit and Stop Loss according throughout the duration of the trade. If you will be carrying this trade into 2020, consider a wider stop loss and take profit. Ensure with any long term trades such as this, that you are adequately funded or using very small lot sizes.
#Bitcoin need to find support around 3770 to confirm breakoutSee the chart, the chart tell more then words.
Bitcoin has currently smashed the 21days ema on 3days chart, this has been acting as resistance tru the bear market and if we now can find support there now on the bigger timeframes we might take that as a confirm that the reversal is in, lets see how the chart plays out the next few weeks.
The 21days EMA on 3days was acting as support in the last bullmarket from 2015 - 2018
Bitcoin long term analysis (Monthly)So we have Monthly chart of Bitcoin right here.. It's based on Elliot waves (Left only Fib retracements to make chart look simple).
What I noticed in Bitcoin , it tends to retrace around 0.382-0.5 before resuming trend (which right now is BEARISH ).
Look closely at the fibs, left only 0.382-0.5 for you to see. I'm looking for around 5500 to finish correction up and continue to test our final target of 1200-1400 (Monthly Support).
Also, if you study Bitcoin deeper you can see for example (2013-2015 Bitcoin chart.)
Bull run started at 130, after parabolic move we bottomed out at 154. Look where parabolic trend started and where it ended.. 1000$ is where we started BULL run in March 2017. Bottoming out at 1200$ wouldn't surprise.. We had exact same situation back then!
* In shorted term I expect 4400-4500$ to be strong barrier until we reach ~5500.
Safe trading! :)
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.