david_eke

david_eke

Peak open interest along with a reversal pattern above the psychological peak of 20k seems like a could set up and large pools of retail liquidity for whales to dump off some inventory. Considering institutional buying at these prior levels also leaves open orders to be filled it could be a good buy the dip opportunity. Also while it’s early with little data it...

david_eke Updated 

Swing Buy opportunity for XRPUSD Buy limit activated at @ .27250 SL: .26750 TP1: .31565 TP2: .31825** TP3: .39150 Notes: The last impulse to the upside took a while but played out eventually. The contraction/consolidation we’re seeing now is ideal for strong uptrend that would come - after a heavy fakeout down. There will be more eyes on the market now that big...

david_eke

XRP has hit an almost 2 year low recently, as it’s crashed with the rest of the crypto’s in BTCs journey to the 9,000’s. It seems we’ve got a reprieve though, with indications of institutional reinforcement coming in to correct the price. I believe it likely with increasing interest in crypto for source liquidity (specifically XRP), many institutions may want...

david_eke

Find out on the next episode of Dragon Ball DXY... Or we could just guess with what we know now like any analyst. Expecting fed meeting minutes to state what the fed members are stating already, they believe the economy is still resilient and does not need too much expansionary policy, cuts above standard aren't necessary, etc. These statements will reassure many...

david_eke

On the fundamental and macro side of things we've had an interesting development in the trade war today as it has been announced that the 300bn worth of tariffs Trump threatened aren't happening September but instead December. Yay... I guess? While this news seems to have had a positive short term effect the reality is many people are still in fear of an...

david_eke

Heading into next week very bearish against the dollar. While the rally of last week was enjoyable if you were long on the dollar it seems the macroeconomic environment has changed and the tides may turn. On the fundamental side of things you have Trump threatening more tariffs against China, kicking off the trade war again and shocking the markets into...

david_eke

Changing economic conditions have created new waters for a short term reversal, and I'm aiming to buy that correction. On the technical side were sitting at the bottom of a channel, are seeing divergence on the RSI, and price seems to have found support during today's (29/07/19) london session. Also not against the idea that we've just completed the D point on a...

david_eke

Analysis contained in the chart, but we've got a harmonic signaling moves to the upside, and with banks needing more USD for general investments in business and the economy (and subsequently taking their investments out of gold and other low inflation securities, which are heavily overbought at the moment due to rate cut and trade war fears) which earnings are...

david_eke Updated 

With earnings seasons kicking off with positive news but downturn in stocks and related indices, investors will start taking their money out of the stock market. Gold also is seeing a downturn with the possibility of a correction coming. All of this combined with lessening pressures from trade deals at the moment and better "performance ratings" from economic...