Get started

Msnfx

BITCOIN MSNFX RETRACEBitcoin price tried to break the all-time high but couldn’t manage to do it on all exchanges just yet. The current price action looks very similar to previous Bitcoin rallies. On December 1, Bitcoin attempted to crack the previous all-time high but only managed to do so on a few exchanges. The current price action resembles what happened back in 2017 when Bitcoin tried to crack the all-time high at the time at $1,177 and briefly managed to climb above it just to fall within the next few days. The current price action is definitely similar as Bitcoin did crack the last all-time high by a couple of dollars on some exchanges and retraced shortly after.
BITSTAMP:BTCUSDShort
by CeoCodes
8
XAU MSNFX RallyHolding $1835.80 Could Trigger Rally into $1860. Price Action through $1973.30 will change the overall trend long. The early price action suggests the direction of the February Comex gold market on Monday is likely to be determined by traders reacting to $1835.80. Gold futures are inching higher on Monday after recovering earlier losses in a tight, mostly rangebound trade, as hopes of a U.S. fiscal stimulus package being passed this week offset downward pressure from optimism around COVID-19 vaccines roll-outs.
TVC:GOLDLong
by CeoCodes
9
NZDCHF support & resistanceFX Strategists at UOB Group, NZD/USD could have charted a short-term top and is now seen entering into a consolidative phase. “We expected NZD to ‘drift lower’ yesterday but we were of the view that ‘the strong support at 0.7010 may not be easy to crack’. However, NZD briefly dropped below 0.7010 (low of 0.7006) before rebounding to close little changed at 0.7042 (+0.01%). The outlook is mixed and NZD could trade between 0.7010 and 0.7065 for today.” Where NZDUSD goes NZDCHF will likely follow. Looking for significant signs of resistance and strong breaks through support.
Short
by CeoCodes
9
GOLD VS BITCOIN : ideas for investmentAs bitcoin’s price has soared to new all-time highs and a parade of big-name investment professionals such as BlackRock CEO Larry Fink and hedge fund legend Stanley Druckenmiller have talked up its prospects as a provably scarce store-of-value, a war of words has sprung up between gold bugs and bitcoin fans. GOLD VS BITCOIN It’s durable. Gold can’t be destroyed. It’s fungible. In its pure state, bullion holds the same value regardless of which bar you have in your hand, enabling its acceptance as both a medium of exchange and store-of-value. It’s divisible. After smelting, gold can be broken down into coins and ingots of any size. It’s portable. Within limits, you can transport gold from one place to another. What about Russia? Well, like China, one of the reasons it is thought to be keen on creating a digital currency is to have a mechanism by which it can reduce its dependence on the dollar – in its case, to achieve the explicitly expressed goal of avoiding U.S. sanctions. A hefty gold reserve might also help it do that. The bigger question is whether these countries will eventually be better off accumulating bitcoin, rather than gold, as the backstop to their currencies.
TVC:GOLDLong
by CeoCodes
8
CHAINLINK PRICE ANALYSISThe LINK market cap currently stands at US$4.22 billion, based on a 387 million circulating token supply, with US$770 million in trade volume over the past 24 hours. The spot price has continued to hit new all-times throughout 2020. Among the current top 20 coins by market cap, LINK was the best performer in the USD markets during 2019. Technicals for the LINK/BTC and LINK/ETH pairs suggest a bullish outlook with a continued multi-year bull trend. f prices move higher throughout 2020 and 2021, LINK tokens held by Smart Contract Limited may again be sold at a higher rate, as was the case in July through August 2019. Additionally, as ETH enables staking later this year, the LINK/ETH pair may enter a short-term bear market fueled by ETH speculators. Previous Close 0.001 Open 0.001 Day's Range 0.001 - 0.001 52 Week Range 0.0002 - 0.0017 Start Date 2017-09-20
Long
by CeoCodes
7
GBPUSD can rally on a Brexit dealGBP/USD has been struggling amid rising coronavirus cases. The UK government refuses to impose a national lockdown, but fears are they would have no choice. EU/UK negotiators made progress this week toward resolving some a big disagreements in Brexit talks raising hopes for a deal by early November. “A deal by mid November, approved by a special EC Summit, endorsed by EU Parliament’s 24-27 plenary session and ratified before mid-December. 45% chance and could see GBP lift 8-10%." - Westpac Support levels: 1.2880 1.2835 1.2770 Resistance levels: 1.2950 1.2990 1.3030
Long
by CeoCodes
7
USD/CAD has exhausted its downward momentum?The September 1 drop to 1.2994, the first time the USD/CAD had been below 1.3000 since January 8 is beginning to look like the post-pandemic bottom. The brief foray, the lack of subsequent attempts and the firm support at 1.3040 argue that the USD/CAD has exhausted its downward momentum. Global market sentiment improved during the week, adding to the lmarkets upbeat mood, as US President Donald Trump said that he wants the biggest stimulus plan than House Speaker Nancy Pelosi’s proposal. President Trump was earlier criticized for his lack of acceptance of a big budget on the coronavirus (COVID-19) stimulus.
Long
by CeoCodes
2
What does Long & Short mean?While there are a lot of experienced traders on Trading view, yesterday I realised that there are still very new traders. A Tradingview user contacted me to ask such a simple question that took him a week to find the answer to...... What does long and short mean? The Basics Long Position Holding a long position means you are buying the instrument (stock, currency, bitcoin etc). In simple language it is also the market going up. Short Position Holding a short position means you are selling the instrument (stock, currency, bitcoin etc). In simple language it is also the market going down. This basic language is used for CFDs, forex, crypto and most retail trading. Buying or selling no matter what the size is also referred to as "Holding a position". If you sold 10 lots of BTCUSD, you would be holding a short position. For options trading it is a little bit different. Bullish vs Bearish Traders who have an expectation that the market will go up will hold a Long Position and are called "Bullish". The opposite of this is a trader who beleives the market will go down. A bearish trader will hold a Short Position with an expectation of price falling. Difference in Options Positions. Options Long Position When a trader uses options contracts, long and short positions have slightly different meanings. Buying or holding a call or put option is a long position because the investor owns the right to buy or sell the security at a specified price. Options Short Position Selling or writing a call or put option is just the opposite and is a short position because the writer is obligated to sell the contracts to or buy the contracts from the long position holder, or buyer of the option.
BITSTAMP:BTCUSD
by CeoCodes
2