💥 Natural Gas Gas Gas 📈Do I have to recap the current geopolitics for you? Germany is navigating to its black-out because the gas supply from Russia is being capped (stupid German politicians but okay). Because of the lack of nuclear energy, the Europeans will have a certain electricity problem - at least Germany in the coming winter. So, they will import US natural gas on a large scale.
That's the story in a nutshell. The FED and ECB have bloated the circulating money so that some inflation will play its part too.
Looking at the technicals:
We are about to break this triangle formation to the upside. If this breakout gets confirmed, I'm expecting perhaps a re-test of the trendline or breakout level and then a further upward move.
According to the seasonality of the last ten years, Natural Gas has the first spike at the end of April , after this a little bit higher after the middle of May before dropping hard at the beginning of June .
Honestly, I don't know if the seasonality in these global circumstances plays a dominant role. It depends on how strong the inflation kicks in. So I'll decide later if I exit my position in May or if I hodl until October/November.
No investment advice - just my 2 cents on this topic. ;)
Trianglebreak
Short Term Bull Run in Bitcoin, Triangle Pattern Shows PotentialTriangles are great patterns to see on a price chart. They are easy to spot, and provide very clear levels for entry and profit taking.
We are currently watching for a short term bullish trade opportunity in Bitcoin. The triangle pattern is complete, and price is currently approaching the key level of 30,735 (the level we will use for entry). We are targeting the area where wave (Y) will equal the length of wave (W) (a very common relationship in Elliott Wave theory) around the 34,000 level.
Triangles are also fantastic to trade as the pattern provides a clear level to know when your analysis is wrong. In this case, the red line at 28,639 is our threshold. If this level is broken then we know our current triangle interpretation is wrong, and we can reassess as the market gives us more information.
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[Bitcoin] Convergence bearish breakout! Bearish or extention?#Crack #Bitcoin #Binance #Daily
- Without breaking the resistance of $30,444.93 mentioned in the previous briefing, it looks like Bitcoin ended with a bearish convergence due to the emergence of a sell-off.
- We need to prepare for a bearish trend, but we also need to keep in mind the possibility of an extended convergence.
- A successful $28,715.32 support suggests the possibility of a rebound and extension of convergence, while the $30,444.93 and $31k-$31.6k resistances remain important resistances to break out.
- If the $31k-$31.6k resistance is broken, we can expect an bull trend towards the green box with the bottom of the blue bull channel.
- If the $28,715.32 support fails, further bearish trend can be expected due to the downward departure of the triangular convergence, and a decline to $22.7k-$23.8k or $17.1k-$19.7k can be expected.
Bitcoin saved by 29k support yet again!Good Evening Traders,
I am back after TV banned me for a week. Apparently, I broke house rules by referencing a site I maintain outside of TV. Anyways, I had put out the following post to all my other SM sites this morning and it is still valid.
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I put out a potential short trade opportunity on BTC yesterday if we dropped below the 29k mark and confirmed on the 4hr. We dropped below 29k but we did NOT get confirmation! Therefore, no trades should have been executed. Now, the priority now shifts upwards. You can see resistance overhead with the 50 candle m.a. (now conquered), 30k resistance (now conquered), and the top of our adjusted triangle (adjusted due to recent price action). If we fail to break the upside of this triangle drawn on our 4hr chart, the priority shifts downwards once again. Watch closely. As always, almost all trades in the crypto space should hinge upon BTC price action and trajectory.
-Stewdam.us
BTC is forming a symmetrical triangleI published this post to correct the last post:
What bitcoin is shaping seems to be a symmetrical triangle pattern. The chance of break-down to break-up in this pattern is almost equal in a bear market (a 7% breakdown has a better chance)
The direction of breakout will determine the direction of the next short_time trend.
EURUSD H4 - 12/05/20221.052 is a daily resistance of EURUSD. We should expect a big bounce from the first touch but from the chart, there is no bounce at all. The accumulation zone has soon formed a descending flag , indicating that there will soon be a breakout. Right now is a good entry point for short but I'd wait until 1.054 to minimize the loss because it might be a false break .
Remember to trade systematically
Cheers.
Will Microsoft let itself be affected by negative events? ⚔️We tend to see triangles everywhere, we realize that this may be redundant for some, but all modes of chartist analysis are good to go.
We also realize that the triangle Microsoft is forming is not the prettiest, but if it is truly a compression triangle, then we could be looking at an upside breakout.
Only time will tell, I must admit that taking positions in these complicated times for everyone is a risky bet, which may or may not be taken for a good performance.
Only two paths are possible, but which one will Microsoft choose?
BTCUSDT Fibonacci Retracement -188.6%Fibonacci Retracement 188.6% new intraday target. Chaikin Money Flow dives below zero. Fisher Transform H2 bearish momentum. 37/36.9k is the key level to short this currency in a top of the bearish flag (triangle) in formation. I put gasoline on this road. Pivots all based on Fibonacci ratios.
TSLA 15M ANALYSEHello, today I´m talk about Tesla and huge triangle that was made on her price.
The triangle will be broken today or tomorrow. (4.-5.5.)
My view is that it will break a resistance of triangle, because in 21.-28.4., there was huge downtrend, so the price will try to regulate the downtrend with an uptrend.
If you have any other ideas/opinions on this triangle, be free to comment :)
BMW (BMW.de) bullish scenario:The technical figure Triangle can be found in the German company Bayerische Motoren Werke AG (BMW.de) at daily chart. Bayerische Motoren Werke AG, commonly referred to as BMW, is a German multinational corporate manufacturer of luxury vehicles and motorcycles headquartered in Munich, Bavaria, Germany. Automobiles are marketed under the brands BMW, Mini and Rolls-Royce, and motorcycles are marketed under the brand BMW Motorrad. In 2017, BMW was the world's fourteenth-largest producer of motor vehicles, with 2,279,503 vehicles produced. The company has significant motorsport history, especially in touring cars, sports cars, and the Isle of Man TT. The Triangle has broken through the resistance line on 04/05/2022, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 17 days towards 86.73 EUR. Your stop loss order according to experts should be placed at 74.36 EUR if you decide to enter this position.
BMW Group and Audi have suspended shipments of cars by rail from Germany to China, the biggest market for both carmakers, due to the Ukraine war. Most of the 846,237 vehicles BMW delivered to Chinese customers last year were produced at its joint venture factory in Shenyang, but between 150,000 and 200,000 were imported from Europe. Beginning in September, BMW began dispatching cars bound for western provinces by train, at a pace then set to reach 16,000 a year.
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