Technicals are shaping up for a strong bull move, as for technical we have Price divergence and MACD Divergency, so the technicals are showing an upside, also while big institutions are buying gold by the bucket and hedging against futures with options, this suppresses the price.
Now what concerns retail investment, we can start positioning to the long side and...
We potentially will see so more downside as RSI is getting overbought, and reaching an important level, in the past sellers waited at that level, the question is are the seller still there?
I would expect to see the price rise a bit more around the middle line, selling pressure is not decreasing, so is expected the price to regain its trajectory, DOWNWARDS.
The UK might be heading to a downturn again, we can spot a divergency forming rsi is curling right at the same time as divergency is been created, indicating that prices might be heading down.
What I would expect to see?
Prices reaching the Purple Line and RSI weakening and confirmation with red brick. and if you want to be safe 2 bricks is recommended.
Would...
Rest of the year the expectation is for the prices to move lower. Failing to make the upper parallel in the fork indicates that the bulls are not as strong as yet, with more downside expected.
Typically when such an event takes place price moves in the opposite direction and the most likely line that will go is the yellow middle line.
This is a non-time-based...
Expecting prices to rise, Bears are losing ground, bulls are becoming stronger.
A strong Rally is expected soon, Crude oil is fairly priced, Bullish money coming into the market, and Bears weakening.
Upside conservative estimate: $100.00
Optimist : $120.00 to $125.00
It looks like an incoming relief rally for GDX,
MACD divergence, if this week close above the 11-week EMA in orange we can see the rally at least to around 27.50 or even 28.50(10% to 14% upside)
good opportunity in this chart.
I look to see the price close above the 11 Week EMA, Bottom indicator crossing above the zero line MACD already with a buy signal. The...
BTC, might be close to a rally, I am looking to see EFI cross above the 0 line, and we can see an increase in MACD, bullish divergencies and an increase in volume week by week.
Is possible that a small rally to the 21.5k range and 22k.
DISCLAIMER:
I am not a financial advisor, this is the reflection of my own research and interpretation of the information in front of me, this will and does not constitute any form of investment or to buy or sell anything, please do your own research.
In this none time based chart, a couple of point to point out as followed:
Bitcoin Health- Still in Bearish territory ( as shown by the MA on the chart) , However some encouraging indications that bigger players might be entering the market, as seen on the bottom indicator as the red bars approaching the MA black line historically this is a signal of strength...
So several days we can see BTC lower parallel of the Median line holding the bears.
Price will follow the path of least resistance, meaning upwards.
Note: this is not financial advice is only my views of the BTC.
