ADA/USDT POSS. BREAKOUT/RETEST! Macro ascending channel formingFew bullish ideas on the chart. I like the look of the macro ascending channel forming, lets see if the PA respects it.
Seems to be retesting the top of the triangle now... if it catches support, that's a buy. Otherwise look to prev. support/fib levels.
Happy trades,
CD
Macroanalysis
I will going to bougth Silver!!! Why?Hello, in that analysis on macrotrend and dedicated more to invest for commodities, specially Silver. We see that monthly timeframe it's so bullish in long term toward to reach up new higher price. So, Silver show us a good opportunity to continue bought Silver contracts in any broker. I use Prime XBT and with Prime XBT you can to multiply your bitcoin and apply this strategy, So, for that reason, I foudn out this analysis very interesting if you want to invest in Silver for bought assets or bought by contract just the increment your capital. But for that reason, Silver it's a metal very important and the use it's money like Gold to protect and store your money value in the hard assets that are autonomous, soberany and solid assets that they'll protect your money agains the inflation. In that case, the U.S. Dollar it's the unique currencies that has been devaluated their value in front of other assets, specially Bitcoin. So guys, I say you again, the U.S. Dollar it's not support for much, this will be weakness as central bank create and print out more money incontrolable, for that you need to wake up in this situation on how the central bank of your country it's be benefited throughout of the ignorance that people don't know it how monetary system work.
For that, I bought Silver oz to multiply my Bitcoin quantity in Prime XBT. So, you can to buy Silver becuase in the monthly timeframe we confirm that Silver goes to up. But my own reccomendation it's to put a buy order limit. In my case, I put a buy order limit at $24.40 USD with a SL at $20.70 USD and my own target profit will be the maximum price that are the $50 dollars.
Overview Market Analysis: Great Britain Pound still bullish!!!In this macroanalysis, we see that Pound still bullish against the U.S. Dollar and then, the inflation of the U.S. Dollar it's another siganl that FED ccontinue unstable the U.S. policy market. That it's a big warning to invest in United States, as the correlation on Bitcoin it's the same of Great Britain Pound that continue bullish. So, we are in the bearish cycle for the U.S Dollar and bullish cycle for the Great Britain Pound.
Now, looking in weekly update, I put a new important key trend line support that Pound still bullish. My next target will be the $1.43 USD. That it's so amazing to know it and put a long position in GBP/USD with good lots to make near of 800 pips.
But,if you're looking in monthly chart, the trend on Pound it's so bullish and I have a forecast that Pound could reach up toward the $1.62 USD.
What do you think about this overview? Could Pound continue agains the rival U.S. Dollar, and America could to have an issue to collapse the economy based in the more inflation?
Euro still stable in the medium to long term!!!Looking this macroanalysis, in monthly timeframe we see that Euro still bullish maybe at $1.40 dollars.
So, this it's my own idea to look this popular par on Forex to know and I see that Euro still bullish.
But soon, I going to trade Forex to continue because in the last month I was so distinguided in cryptocurrency.
BTC- PayPal hype could be as big as BTC ETF hypeThe drop to 9.2k-9.5k never happened and the recent consolidation above 10k demonstrated bull's conviction.
I expect the incoming shallow pullback and it will be even more bullish if weekly candle can close between 12k-12.5k.
First MicroStrategy, then Square and now PayPal.
PayPal supports 26 millions merchants and has 300 millions + customer accounts. Its announcement to support crypto payment couldn't come at better time.
Moreover, JPMorgan jumped on the bandwagon by making optimistic prediction of BTC's upward price potential this week.
Other on-chain indicators also point to the increase of whale hodlers.
Furthermore, institutional demand continues to go up while exchange reserve continue to drop.
Overall, I think BTC is making a steady progress and we are finally getting one step closer to break through the 3 year consolidation.
Buffet indicator- The world of growth stocksYes, the stock market is overheated judging by all valuation metrics.
For those of us who don't want to jump the gun and want to stay in the trend until it is broken, sector ETFs offer better return than major indexes such as S&P 500 and NASDAQ, but are not as volatile as individual stocks.
According to Goldman Sach, IT and consumer discretionary have risk adjusted return (Sharpe ratio) of 0.9.
Stay safe out there.
Possible Channel Trend over next 2 weeksI'm in the view that there is still too much uncertainty in the market for there to be a clear breakout in any direction from the obvious triangle pattern others have pointed out. This pair being risk sentiment linked and closely correlated to China would warrant a gradual bullish channel trend in the immediate 2 week term due to the gradual recovery of both AU and China's economies.
Event risk is not in upcoming macro releases but rather COVID resurgences, stimulus intervention and policy globally.
Also not expecting any major investment inflows after end of financial year in AU and yield curve control (YCC) via RBA open market operations effectively pinning down bond yields.
While political tension between Australia and China is a real risk here, the current rhetoric is not close enough to a boiling point to warrant a noticeable shift in sentiment towards a broad off-risk environment for any AUD pairs.
Conservative trade strategy is to wait for channel support to be confirmed before longs are entered but a market entry following a minor retracement to around 74.4 can be attempted if intraday position is being managed actively.