Marketanalysis
The best place for Short Gold is Gold 2 weeks ago broke down 4 — months range. If you take a look on upper screenshot on W1. We see that price close under that zone on weekly. Also, as we see on chart price several times bounced from that level, that means it is key place for big players, they protect that level.
If we start think like a Market Maker for the moment we understood that, If i need to move instrument into some direction i need a power. That power is volume. We don't know into what direction big players accumulate position until they show it.
If range was between $1305 — $1363 and price broke it down on weekly that means big players accumulated big position for short. I am 90% sure that price will move down to 6 - months low $1236. For another 10% i have S/L.
I opened Sell at $1301.1
For you i recommend to open short on pullbeaks.
Under this Ideal I wrote a link on my telegram channel where i post more ideas and update current situation.
Bitcoin Market Cycles V1Hello Traders,
Just a bit of speculation and fun here really. This chart is assuming Bitcoin will complete is corrective cycle and do a 85% retrace which ends 1/10/17. I dont know if this will happen, just plucking figures from air.
Then Bitcoin goes onto pump for 650 days finishing somewhere around 01/07/2020 at $54626. Timeframe and target just plucked again.
Just wanted a long timeframe chart to look at.
Not financial or trade advice.
GE Price targets and possible long term movementsFibonacci and formations worked very well.
On the monthly chart I also pointed to the returns from the Fibo supports and resistance.
17.73 (0.618) - Even if it turns, it can continue to move up
20.65 (0.5) - Important and equilibrium point
23.56 (0.382) - Most likely to return
The first target is 20.65 but 17.73 is important too. You can sell at here and after price up to resistence buy again. Eventually, this is a resistance
The overall trend is in decline.
Below, I draw two possible scenarios on the big chart. For the trend change, first the thick blue line must go up. Then 33 resistance.
It seems more likely to turn away from resistance and fall back.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired expression..Just watch the chart, not what I write. :)
PS make sure you give me a like, If you like this analysis ....
Two long-term probable scenarios on the monthly chart