The market at $9,200 per bitcoin erased gains earlier in the week when the world’s oldest cryptocurrency popped to $9,400 Wednesday. “Two days ago, bitcoin rallied 1.9% then dropped 2.1% and is now flat. Just another failed breakout,” said Elie Le Rest, partner at quantitative trading firm ExoAlpha. Still, traders buying when prices dip isn’t providing enough...
Main items we can see on the chart:
a) After a long time above a support zone, the price formed a clear corrective Structure
b) The Corrective Structure was broken with a bullish movement
c) Our main target for this movement is the next resistance zone at 1900-1915
d) Currently, the price is on its way to the Target
e) However, in our experience...
Bitcoin not yet looking compeling to flip from Tesla rally. But it's approaching soem natural support ranges for potential bounce and break those supply trendlines.
Silver (XAGUSD) recently formed a Golden Cross on the 1W chart (when the MA50 crosses above the MA200), having fully recovered from the coronavirus collapse. This is a very encouraging sign for long-term investors as a similar pattern was formed in the early 2000s right before Silver's big expansion. This means that we are either in front of the greatest buy...
|NZDJPY| Potential Short Trade
Good Morning Traders,
I'm looking closely to #NZD and also the #China News and CPI
#China for now recovering from COVID-19 really quickly and strongly.
I will expect some correction here then into a long term perspective
the bullish scenario is stronger until the next FOMC
Target Levels:
70,20
70,00
69,85
Good Luck 😊😊
Introduction:
This illustration explains the minimum Risk-To-Reward ratio needed based on your average win-rate while using a fixed % risk amount.
"Risk-To-Reward ratio": The ratio of what you stand to lose compared to win.
"Fixed % Risk": A static % amount of your total account balance at risk per trade.
"Fixed Dollar Risk": A static $ amount at risk per...
Introduction
Strong upward momentum for Lowe's has been slowing lately along with the rest of the market. However, I think the upward march for this stock can continue for both fundamental and technical reasons.
Fundamentals
Like nearly every other stock in this market, Lowe's is trading at a higher multiple than the stock has traditionally traded at. Unlike...
📌 The point of this configuration is that the highs have been lost, since the effectiveness (right..) of the stimulus and the extension above that has NOTHING to do with fundamental or economic reality.
This influence can be seen in DAX which cannot make use of the highs. Secondly, there is the threat of Covid and Brexit. In other worst, the risk which triggered...
GBP/USD (GBPUSD) has completed B wave in running correction as wxy, therefore C wave is rising sharply up. Wait for c wave of 2nd wave down of C wave major to touch the down side trend channel to get in to trade for bullish bias with stops below 1.24639 level for target zone of 1.27421 level.
From the fall of 2015, the demand for Lumber skyrocketed driving prices from $213 to almost $650 by mid-2018 where it peaked. The second half of 2018 was a very different story as demand eased creating a glut in the market which resulted in weak commodity prices which ultimately led to a steep decline back to $300 by October, previously seen in November 2016....
Following 3 successful trades with trend, fundamental & technical confluence, we appear to be attempting a breach of the descending wedge, I believe due to the UK restarting their economy and the US Covid 19 cases growing at a quicker rate, the GBP will be favoured temporarily Will hope for higher CPI figures to be achieved by the UK on July 15th
The China 50 took off like a rocket, leaving behind the DJI and other country indices. This is the CN50's biggest rally in a year. State media agencies talked up the index promising a post-coronavirus boom. Then the China Securities Journal made similar promises.
This caused an almost 6% charge north in one day! However, there did not appear to be significant...
On the weekly timeframe
Price is still in range consolidation between $8,400 - $10,200. Right above $10,000 there are also resistance levels at $11,000 & $14,000. This means any aggressive buying at this price range isn't the best way to trade. If you have followed my previous long term calls and still hold positions from $7k, we have nothing to worry...
SHOP went from up big to down big on Monday after a historic run. This is dead center in the heart of what has been "bubbly" in this market.
If long SHOP (at 50x forward sales), run for the hills. The question remains as to whether or not this is also a warning signal for the larger tech bull trend.
With the COVID-19 crash having a big impact on the markets, I wanted to compare some assets/indices on their performance since the crash on March 12th.
For completeness, I have also added the gains since Jan 1st, to see how well they recovered from the whole pandemic.
Crypto Assets
It is clear that crypto assets show the highest resilience. Ethereum in...
