Please understand fundamentals and sentiment within the crypto space take over TA sometimes.
Last month was very good for crypto in terms of positive news coming from China. With 2020 approaching and a lot of speculators are expecting big things in terms of price action. Along with the anticipated BTC halving. Ethereum staking coming into play too.
However, on...
Gold has recently been trending a few legs upwards very nicely. I feel we have entered a new period. A lot of traders still chasing the previous trend and getting caught out?
Very clean and simple bit of chart work to show golds new consolidation trend. Will be monitoring these new tapped regions and movements in the middle.
Be wary of the white lines on the...
Waiting for the market to settle down. (few more candle closures) Might start adding small positions.
Chinese bulls may continue to push price a couple more legs up before calming down only then will i be jumping into a selected bias.
Here is a trade set up I'm looking at. Decide maximum loss and trade accordingly. **Not Financial Advice**
Fundamentally OIL is set to increase in value. Supply is decreasing. I know in the future electric cars will take over and oil will not be needed. But until then our old friend OIL deserves one last bull run. (cooperates have one last chance to cream the cash cow they have been creaming for years.)
On a TA point of view. OIL is holding above a very strong...
