Timonrosso

Timonrosso

I'm on the fence with Copper so you can choose I guess. Current trend - Sideways. 2 possibilities. 1. Cup and Handle - target $4.24 2. Rising Wedge - Target $2.65. Which way do you say Up or down?

Timonrosso

Corn future is looking almost perfectly ripe for the picking. Cup and Handle forming nicely and just waiting for the breakout. RSI broke out of its downtrend bearish divergence and has bounced on the new support - showing more upside to come. Then will be an easy long (buy) to hold. Stop loss will be just under the Handle and the take profit will be 2X...

Timonrosso

Say HI if you can see the trade ALERT for the day, so you can see more as I post them LIVE... TRADE ALERT: GOLD! Date: 15 August 2022 Idea: Buy Target: from $1,790 to $1,920 Reason: Technicals: Broken above 5 Month Downtrend Rounding Bottom breakout Price above the 50day MA Fundamentals: New safe haven against high US inflation rate and interest rate...

Timonrosso

Ethereum is looking great technically and fundamentally. Technicals: It broke up and out of a Cup and Handle formation and seems to be heading to the resistance of the downtrend at around $2,400... Fundamentals: 1. Investors are getting back in since the Crypto crash with BTC, ETH, Luna etc... 2. Ethereum is merging with a new upgrade and update to improve the...

Timonrosso

Looks like this downwards trend range, is dominating the market. It looks like the price will head on up on thin volume, before it makes its next down wave... What do you think? Trade well, live free. Timon Founder, MATI Trader

Timonrosso

The breakout hasn't been a strong one to the downside, but it's still below the current support (which has become a resistance). If a catalyst breaks out to send the markets further down, we could see 50,000 on the cards... What do you think? Trade well, live free. Timon Rossolimos Founder, MATI Trader

Timonrosso

Technicals: Symmetrical triangle Fundamentals: Investors could start demanding safe havens with the world markets and crypto crashing. High inflation raising prices and fuel, gold prices are also sure to rise. Hence, I'm going long.

Timonrosso

Technical: Inv C & H Fundamental: 1. Crypto follows major markets 2. Crypto major exchanges are retrenching 3. Whales have lost millions 4. Crypto cap is under 1 trillion valuation 5. Uncertainty and fear overruling Crypto

Timonrosso

Reason #1: When the Chinese invest in Ethereum you buy! One of the major drivers causing Ethereum to rally, is major Chinese companies buying Ether. Meitu (Chinese app maker) recently bought $22.1 million worth of Ether last month alone. This makes it one of the first major companies in the world to invest in Ethereum. Talking about major companies… VISA...

Timonrosso

First time in 3 years the price has broken above th Symmetrical Triangle. So looks like the next target is +$15,000. Other reasons this looks like a nice trade are the following: ~ Investors piling their money in BTC as a safe haven alternative investment as Market Cap exceeds $200 billion. ~ Approval for US banks to facilitate and accomodate transactions ~...

Timonrosso

Ethereum (2nd largest crypto by market cap) has been one of the best performing crypto-currencies this year. Last year, I mentioned that the crypto-currency was about to undergo a major upgrade in 2020. With the upgrade launching in July, it’s about to make Ethereum much faster, more secure and better for DApps (Decentralized apps). Ethereum 2.0 also...

Timonrosso

Reason #1: Our economy is about to wake up with the ease of the lockdown On Monday, 1 June 2020, the national lockdown went to level 3. This resulted in many firms and businesses resuing operation at almost, full capacity. Already we’ve seen a boost in activity in food production, retail, communications as well as mining. In fact, most underground mines...

Timonrosso

It looks like the worst is finally over for America. There is a boost of confidence and optimism as the economy is slowly starting to re-open. Data showed that the US consumer confidence moved up in May, as investors are starting to feel more positive as the economic restrictions are coming to an end. With the new potential coronavirus vaccine on the way,...

Timonrosso

When the Fed cut interest rates – it was GREAT for Silver! On Sunday, 15 March 2020, the Federal Reserve finally cut the interest rates to zero percent… They also announced they would purchase $700 billion in bonds and securities to try and stabilise the financial markets amidst the COVID-19 era… Now when the Fed decides to cut interest rates, this makes it...

Timonrosso

On Monday, while I was doing my weekly market analysis, I saw something I’ve never seen before. For the first time in history, the US WTI (West Texas Intermediate) oil prices crashed below zero. At first, I thought this was just a glitch on my trading platform. But then, just minutes later, it was the breaking news event of the day. When I did the research,...

Timonrosso

March will be known as the worst month of all-time for the South African rand. With the ongoing lockdown, the increasing rate of COVID-19 cases, the crumbling economy, and the downgrading from Moody's - It's just been bad news after bad news for SA. And what happened last week? Well we saw the South African rand hit record lows passing through the R19.00 mark...

Timonrosso Updated 

Here’s why I expect the JSE to plunge 10%... Reason #1: When world markets crash, South Africa goes down with it As global markets plunge, history has shown us the JSE will follow suit! Last week alone, global stock markets closed down over 2% in one day because of the coronavirus: London's FTSE: -2.5% European Stoxx: -2% France’s CAC: -2% Germany's DAX:...

Timonrosso Updated 

Brent crude has had an abysmal start of the year. As things stand, the price is hovering around $50 per barrel which is the lowest it's been in over 12 months. A major, if not ONLY factor, that's resulted in the drop in brent crude is the Coronavirus. As I write this, the virus has already infected more than 17,000 Chinese people and more than 350 have died....