all time highs achieved again, will be looking for a entry to go short using the 1 hour timeframe.
will be looking at price action before taking a short position.
waiting for buying volume to fall, and selling mometum to increase as buyers give up.
buyers currently supporting $0.21 level.
short term setup, longer term we may go lower if we break $0.20 the next support may be around $0.15
this is a good level to accumulate xrp as the long term value will be huge due to its potentail uses.
Gold priced in GBP£ is nearing all time highs as the British pound continues to see bearish sentiment.
Will we See gold break all time highs and hit £1200 per ounce??
we are currently seeing some consolidation as the market decides on what to do next, we may see a pullback towards our Fibonacci support and previous resistance area before a move higher.
It wasn't...
Looks like investors are buying up Treasury bonds as the 10 year yield falls below 2% again.
Bonds prices move inversely to yields, as bond prices rise yields fall and if bonds sell of yields rise.
Investors are said to be Risk off when bond prices rise, as demand for us debt rises during risk off sentiment.
When bond yields fall it also causes stocks to rise...
Today the S&P500 broke its all time high around the $2940 mark, its currently correcting towards its new support level if we break through support we may see more selling as other players close out buy orders they placed when it broke its ATH. This new move higher hasn't convinced me it can sustain it long as it broke out with little momentum. We may see some...
The Nasdaq is currently approaching all time highs, other traders will be looking to go short/sell around these highs which may make it a self fulfilling prophecy. There will huge amounts of stoploss orders above the highs and entry orders placed by breakout traders looking to ride breakout momentum. If price can break through the highs there may be a larger move...
SIMPLE PRICE ACTION SUPPORT AND RESISTANCE LEVELS , PRICE CURRENTLY APPROACHING MINOR RESISTANCE
, IF IT BREAKS WE WILL BE LOOKING FOR A PULLBACK TOWARDS RESISTANCE TURNED SUPPORT, DEPENDING ON MOMENTUM WE MAY BE LOOKING TO BUY AND HOLD ON UNTIL NEXT RESISTANCE AREA.
