As shown a clear breakout of the triangle as expected. We had many calls for silver breaking to the upside. we can surely re test $30 resistance again and if broken and continue upwards of $40 to $50
After seeing bitcoin break above our all time high of $19,800 as we expected in our previous post, we are now seeing bitcoin cool off in a consolidating triangle. we will range bound in between until it breaks either to $24,000+ or can come back to re visit $20,000 as support.
Silver has broke out of our triangle as we showed in previous charts. We urged our members to enter 20-24, not we have broken out and look to test much higher levels. We believe Silver is a great add to your portfolio for the long-term. Don't miss this. As you can see Gold has already tested new highs. Silver is only just beginning - nowhere near its old highs.
Silver as shown is inside a massive triangle and ready to make a massive move. A key resistance it needs to break is $26.00 to then re-test $30 and if breaks will go much higher. However bearish scenario is if rejected and test back to support and breaks $22.00 we can fall around $18-22. Trade safe and smart everyone !
For all of you waiting for the airdrop XRP moon - it already happened and was priced in - .19 ran all the way to .7c This year the price action of crypto currencies will be different due to it being more mature market. Expect higher level trades and not young trades FOMOing into the next best "bitcoin". We are still bullish on Ripple Long-Term. Buying here is...
Bitcoin continues to push upward with smaller fake out drops earlier last night, but continues to push higher as buyers scoops in. It appears we will break above new high soon
After Successfully catching the break around 1833 and taking profit around 1850 we look for re-entry to continue to higher levels. In this chart you can see all of the key levels to look out for - 2 channels - support & resistance areas. Long-Term I a very bullish on both Gold & Silver I believe we will see $5,000 gold in the future. For long-term investors...
Our team played the breakout from the H&S Pattern securing 1833 - 1850 profits. We re-entered at 1852 with a TP1 1858 TP2 1860. Posted in our previous posts. Now we are looking for re-entry. Do not enter here. If we fall Back to a strong support that can be good re-entry. If we break a strong resistance that is also a good entry point. Ultimate target 1900....
One of the best correlations with gold is the DXY - They have inverse correlations. Here you can see the Dollar about to fall - Expect gold to rise.
After a successful week of 6 profitable trades & one breakeven we view our next position on XAU. Are you can see there are a few factors affecting the current price of Gold. 1) H&S 2) Descending Channel 3) Strong support & Resistance 4) Critical News The best approach to trading these levels are wait for a confirmation run in either direction. The target is...
Finding Patterns in Charts is critical to help analyze the next move based off of history. Of course this does not work every, but it is a helpful tool to add to our trading skills.
As shown, Bitcoin remain bullish as it has not broken before the supported trend line. It appears to re test new high and if breaks $19,800 we will most likely see fomo pushing it to the $25,000 to $30,000 range
XAU/USD Gold currently has undergone strong momentum after a big push on the bottom of our descending channel (As we discussed earlier) & bouncing on the weekly 50MA. Now we have two options that I see as relevant. 1) We are in oversold RSI territory along with strong overhead resistance. My ultimate target is 1900+ and even a push to almost 1926 relative area....
Bitcoin as shown is still within this trend line that been holding it for weeks. If we fall below the trend line with a larger red candle to downside we have 3 key area of support. 1. $16,000 2. $13,600 3. $11,800 Bullish case if we continue upwards of $19,200 we will most likely test resistance again and most likely make an all time high above $20,000
One of our teammates pointed out a very interesting correlation! Silver used to be 14x Value of BTC Now it is less then 1% - - - What does this mean to you?
After a massive parabolic move earlier in the year we can clearly see a consolidating pattern playing out. Very shortly we expect gold to break out of this bull flag and retest 2000$ and higher. *Long-Term View* We closed our 3 profitable trades since Sunday. Now we secure our profits and wait for next entry.
Lets me discuss basic human psychology. Most investors only want to invest when stocks are BOOMing and reaching an all time high! Does this sound like you? While most investors avoid stocks when they first begin or when they reach their lows. Some Rules of investing: 1) Buy when the stocks dips at appropriate levels & better yet at early stages - do your due...
-- Two Big opportunities underway! -- #1 Gold is holding the upward channel but remains under a strong resistance. We have a 50ma & 200ma golden cross on the 1 hour chart supporting the uptrend. Global is holding positions @1830 with a break even stop loss. #2 If we break to the upside I expect a correction near our red box zone. Currently no sell limits are...