Last night, after the Fed maintaining rates, together with the seemingly worsening coronavirus outbreak, the S&P500 appears to have all it needs to trigger a down slide. Technicals advocate this bearish outlook as the gap failed to close with a lower high formed, a breakdown of the trendline support, deteriorating MACD, and a OBV crossdown. All these align with...
& Handle pattern, and is just breaking out! A very reliable pattern, and technicals are setting up in support with MACD and OBV coordinatedly crossing up. System Buy Signal should be along over the day or so, and BTCUSD needs to be closing above 9000 decisively. This breakout of the C&H pattern projects a target of 11800, by March 2020.
Litecoin LTCUSD has been on a tear for the past weeks. Story follows big brother Bitcoin and other Cryptocurrency. See related published idea...
Bitcoin BTCUSD just breaking out above 9000. It appears to have momentum in the hourly charts, enough to to break above, stay above and to close the week above 9000. This is a very significant level for the next phase as it appears as a confirmation qualification for a major rally to 18000. The Weekly BTCUSD chart is very reliable and captures less volatility...
BITSTAMP:ETHUSD See Weekly Chart and description in related published idea... big bro BTCUSD is along for this ride too.
BITSTAMP:BTCUSD Bitcoin BTCUSD just breaking out above 9000. It appears to have momentum in the hourly charts, enough to to break above, stay above and to close the week above 9000. This is a very significant level for the next phase as it appears as a confirmation qualification for a major rally to 18000. The Weekly BTCUSD chart is very reliable and captures...
A year ago, I highlighted a new imminent a Gold run. While some caught it, others missed. Nonetheless, this is the second bite at the cherry . Gold prices had been retracing rather grudgingly, although necessarily. It is about time for gold to break out, seasonally, technically, and even due to current global conditions and sentiments. TVC:GOLD
The last eight weeks had been nothing short of exciting, or painful to some. Meanwhile, let's look into a potential asset class/sector that could be the next to move... UP. Gold is one that appears to be coiling for a spring up. Having consolidated after a downtrend since September, gold indicated a slight bullish effort during the current correction in most...