Bitcoin and Oil - Your gas prices are not going to get Lower.Today a small lesson in the harsh reality of this world.
Gas prices are on the rise as you know, same with oil, coffee, lumber, and many other things.
This may seem like "Not a big deal" however, oil prices could go parabolic over the next 8 years.
When Bitcoin broke out of its falling wedge it shot all the way up to $20,000 (starting at around $250)
Oil should see a similar move as bitcoin.
OIl moves slower than Bitcoin (much slower) but this move will still catch the world by surprise!
You must counter hyper inflation with proper investing.
If you don't play their game you get left behind in the dust.
Stay profitable.
- Dalin
Prices
Motion Lotion Futures Appear Suspiciously Soggy ⛽🏎️📉Put away those Oklahoma Credit Cards,
Gasoline Prices appears set to soften.
Rallies post 13th August have Bear Market characteristics.
Subtle though market is also making lower highs.
*Short ideas are SELL ideas only, don't support outright short selling.*
Peek the detailed breakdown notes
in the high def chart links below :
NYMEX:RB1!
AMEX:UGA
USOIL - BRENT - WTI : Will it ever pass 76$ this year? Maybe ...This is my idea for Oil Price movement until year end. Half way from Tech Analysis and Fundamental
WE WILL TAKE IN CONSIDERATION
Price History
Some Political / Economical rumors / idea
Weather incidence
General Market Stock Price
PRICE HISTORY
2019 Average prices between 50$ and 65$ (15$ movement)
2018 There was a small Pump but from September with Big Stock Drop also Oil dropped with from 75$ to 44$ (about 30$ lose)
2015 -2017 Average prices between 42$ and 52$ (10$ movement)
2015 Oil dropped from 107$ to 45$ (over 60$ movement within 6 month) (check EXPLANATION / GLOSSARY below)
2011-2014 Average prices between 85$ and 105$ (20$ movement) (Post SubPrime Real Estate Crisis)
1970-1980 Oil price peak from about 3$ (about 10$-15$ today) to 35$ (about 110$ today) (we analyze later why)
IN DEEP...
For your price prediction this news/rumors/idea must be taken in consideration
China and India says they will use SPRs Reserve to avoid Oil price to go Up any Further (reads : if Countries opens SPRs, OIL price drops )
Biden called China for "economical agree" (does it ask to wait to open SPRs reserve? Maybe)
Warehouse Shortage (stock supply, goods etc) where drained of by an hungry "buy everything frenzy" during Lockdown. To keep update with demand it is needed to accelerate production (isn't it quite impossible because of "bottle neck" everywhere??). If OIL price go up over reasonable area no-one will never be able to produce goods.
Biden asked to Opec to rise Oil Production on September. More OIL means drop in Oil Price.
Opec not responded clearly (are they trying to keep price high?)
There are some rumors about a law for a credit of 12500$ for people that will buy USA EV Cars within 10 years ( shift to Renewable Energy means less OIL request, more Oil stock available, price drop )
After 1970/1980 crisis, America know very well what means to not have Oil Reserve and to manage a real high price Oil Supply. If they aren't completely foolish, no one will permit price to rise over a reasonable prices. Too risky.
From September to November Hurricane risk is high. Usually a lot of traders bet for Oil price rise if some production area go down for some weeks.
MY IDEA
This is my idea, not a financial advice.
I believe that Gov will not let OIL price to rise over certain prices. We need to restart economy, to avoid collapse, and a low Oil price will let Industry to regain capacity.
If weather doesn't make damages, oil can stay low.
Industry cannot give another future Up Shot to Stock Market. There are few good to sell this year, expectation for very low gain. When there are drops on Stock Market, also Oil drops (check 2015 and 2018)
China & India (and maybe other countries) will for sure open SPRs, Oil prices will stay low until needed.
OPEC forecast is not so great for this year, so we can expect lower production but also less ask.
Likely price can go down to 60$ or even lower until (maybe) March 2021.
IDEA 1
Prices will stay in 60$-65$
IDEA 2
Price will follow an "likely" Stock Market downtrend Until December (see some historical drop similar to Covid, like 2018 drop)
IDEA 3
Price will drop on longer period until spring, when lower gains or losses will be revealed around a lot of sectors. Also I've insert a probability of prices rise for short period to 77$ (this happen on 2015 and 2018...15-30 days of delay from Stock Drop)
IDEA 4
Price will drop until Late December to 50$ area.
EXPLANATION / GLOSSARY
SPRs : Strategic petroleum reserves, crude oil inventories (or stockpiles) held by the governments of particular countries or private industry, for the purpose of providing economic and national security during an energy crisis. Those were created after 1970-1980 Oil crisis.
1970-1980 OIL CRISIS : Oil prices start to growth when American, Germany and other countries production capacity start to collapse. High demands for Oil Import rise the prices too much (from 3$ to 35$ is like 10$ to 110$ today ... wait... in 2020 prices go from 20$ to 77$...). This Oil supply request arrived at collapse...
2015 Oil dump : After SubPrime Real Estate crisis, Economic world start a run to rise everything to new levels. Ask for every type of goods was high, production same. Oil rise because of very high demand. Trend was so happy that Oil Supply reached the Over Supply. (every sector was saturated by extra good)... and OIL prices suddenly crashed from 107$ to 45$ (no more demand)
That's all folk. Remember this is not a financial advice.
Maybe I've missed out some ideas...but to write this article took about 1.5hr.
If you like it (and earned something with this ideas) you can consider to donate something to Paypal or Crypto Wallet. This will let me to write other consideration on stock market.
Thank you a lot
ZIL entry prices and target priceZIL x Y national art singapore comes in two weeks. Till then i dont expect ZIL to break through yet, so here are my entry prices based on the prolonged ascending triangle created.
Entry: .198 or .204
Target: .27 or .28
Hold duration: one to two weeks
Not a financial advise. Just a thought from a crypto neubie :)) Come and follow my journey in trading!
Bitcoin: Sell trade active, H&S on the hourly chartBitcoin fell below $10,800 on Monday, activating my sell trade on the top cryptocurrency.
Now the hourly chart has formed a head-and-shoulders pattern. The cryptocurrency is currently probing the neckline support, which if breached would strengthen the case for a decline to $10K.
here is the short trade I shared yesterday: Bitcoin: Sell below $10,800 (Bitstamp price)
Bitcoin: Sell below $10,800 (Bitstamp price)Bitcoin's weekly chart shows:
Downside break of bull market trendline
MACD has dropped below zero.
BTC charted a hanging man bearish candle last week.
5- and 10-week SMAs have produced a bear cross.
Trade: Sell below $10,800 target $10,000, $9,800 stop loss $11,200
ETH/USD: Major breakout on weekly, bear divergence on dailyWeekly chart shows a double bottom breakout.
Former resistance of $364 is now key support.
The broader trend looks bullish, but further gains could remain elusive for sometime as the daily chart shows a bearish divergence of the relative strength index.
SHORT VNQ, GET OUT WHILE YOU CANI have been tracking this ETF for a long period of time. We just broke one-year resistance and clear evidence on the fib retracement (specifically level 0.5) shows that the price was weakening.
Technicals aside, there is no reason as to why this should move upwards. This pandemic has taken out firms with high leverage, left more than 25 million Americans jobless, and monetary policy hasn't been as effective because people haven't been going out. Not only that, but the government will also now have to think twice about their spending, as our debt has dramatically increased this year accompanied by a significant drop in tax revenue. Consumers have less income and are looking towards their savings to live through this pandemic.
As we move to reopen, firms will look to deleverage and cut spending. This means that unemployment will most certainly not go back to its previous levels anytime soon and the average American will be in no position to take in debt in the form of a mortgage. I'd even argue to some extent that many will look to sell their homes.
So how does this relate to VNQ? Home prices haven't adjusted because a decrease in supply helped remedy the decrease in demand. If you analyze active listing for the months of April, you will see that in almost every market, there has been a significantly smaller number of homes being listed. Hence, there have been fewer homes being sold at the price pre-virus. These price levels were already thought to be reaching a bubble, but with this sudden change in demand, these prices will correct most certainly. As we look to reopen, people will look to sell their houses. Realtors will push people to sell their homes. This increase in supply accompanied by the withstanding lack of demand will drive housing prices all the way down.
I expect we will see these prices fall in areas with typically less demand than others first. Looking at listings in suburban areas, we are already seeing sellers change listings and drop their price, with still no buyer. It is still early to get out as prices haven't adjusted and many cities haven't reopened.
Now, residential real estate accounts for 14.53% of VNQ. The problem lies in commercial real estate, 40.48% of VNQ. As said before, firms will want to deleverage and cut spending. Not only that, but offices will be dead anytime soon as many companies will want to remain online for the next quarter or two. The only downside will have to do with hospitals and clinics, but as we flatten the curve, the need for hospitals will not be any larger than the need for them a month or two ago. Regarding specialized REITs, there are going to be numbers of people that will not be able to pay rent or will find the price of rent too high in comparison to their income. All in all, all we can see is red!
Hopefully, this doesn't truly occur because many will be hurt by this crash, but it is hard not to warn against the inevitable.
Analyse and predict Snapchat price!!probably the price will down to next level of Fibonacci
Be prepared to sell if it breaks this level forcefully!!
Bitcoin is enticing bearsI am not impressed with the pennant breakout confirmed on the daily chart on Thursday. While it is a bullish continuation setup, the shape of the Thursday's candle, which confirmed the breakout, is indicative of buyer fatigue. Its the long upper shadow that takes the shine off the breakout.
Also, rallies into or above $7,000 continue to be sold into. The cryptocurrency has failed at least 4-5 times to penetrate or keep gains above $7,000.
All in all, its no longer a constructive chart and suggests scope for a fresh drop. Prices may drop to $6,138, under which a major support is seen near $5,850.
I would consider buying once I see a convincing candle – one with small or no upper shadow – on the hourly chart or a green marubozu candle on the 15-min chart, marking a breakout above $7,000.
Nailed supports precisely! Now what's next?Hey guys. Quick post to let you know that I'm watching these moves closely. Neutral stance right now with longer term (months out) bull bias. Any dip below our supports in the chart above signifies and longer correction which could last weeks before we continue up. If we dip below our supports ( the red trendline and purple horizontal on the RSI), we'll end up back below the 20 cent mark and stay there for a few weeks.
This is a bull market, therefore, I am not expecting the longer term correction. But, it could happen. It is wise to keep some cash on hand for this scenario.
Our 200MA sits right above 20 cents right now. At the very least, we may kiss that one last time before sailing to new highs. But I am not even sure this will happen. These bulls are buying every dip. My only hesitation is lack of volume. Where is the volume on these move?
For these reasons, I remain neutral with bullish bias above our supports. I would turn slightly bearish below our support, with the understanding that the correction will be longer. But overall I would still be longer term bullish even below 20 cents. Dipping below 14 cents would cause me to become bearish longer term. The latter is the least likely scenario IMO.
Happy trading folks.