The PetroYUAN is competing with the petroDOLLAR now and is causing concerns amongst the US economy. As BRICS gather forces and continues growing as oil rich countries are also joining forces with BRICS to fight against the petroDOLLAR. Other economic factors why the DYX is looking weak are: -Inflation: High inflation can erode the value of a currency, as it...
VIX showing signals of a bullish market open 1)I believe something will big will happen to the market in the upcoming days as the VIX is almost reaching a new All time Low possibly indicating a bullish shift in the market. 2) In the second chart shown, it seems like the VIX will enter a free fall. How to translate the VIX: Above 20 we are bearish and below 20...
The EURUSD IS LOOKING PROMISING! Many positive economic data and a recovery in its economy has been surrounding the EURUSD lately. As US has attempted to drag the EURUSD down with its rapid increase in interest rates the EURUSD has had a strong recovery as well. On september the EURUSD was at a price of $0.99 for the first time since 2002! IT WAS A NO BRAINER...
Hello everyone, I have been using this chart ever since wave 2 and have been shorting OIL since $110ish. Why? We all know oil is overpriced and it went up parabolically after having crashed to negative prices. I believe oil has much more to go down as the PetroDollar is dying. China,alongside BRICS members, have united forces to create the PETROyuan and will...
Economic data: The UK has been releasing positive economic data lately, including an unchanged/lower unemployment rate, an increase in retail sales, and better-than-expected GDP growth. This has helped boost confidence in the UK economy and its currency. Brexit: The uncertainty surrounding Brexit has largely dissipated, as the UK and EU have agreed on a trade...
My two possible outcomes in GRT : So far, we have lost the support and could be heading to the lower support if we do not reclaim support on top in time. If we do reclaim we could be heading to 0.4.
As BTC is ripping , altcoins are getting destroyed. This is mainly because people are switching their altcoins into bitcoins in order to preserve their bitcoins. Bitcoin just went 70%+ in 1 week and destroyed altcoins there leaving them behind . Above, i have provided possible targets to where altcoins can start bouncing.
When it comes to commodities, silver always comes to my mind as an inflation hedge option. Certain benefits Silver offers : 1) Inflation hedge: Silver has historically been used as a hedge against inflation. When inflation rises, the purchasing power of fiat currencies decreases, but the value of silver tends to increase. By holding silver, you can protect your...
This looks like the proper scenario with the banking system falling apart. Targets provided in the 1Month chart.
ETH/BTC seen as the ALT SZN indicator has broken a significant resistance despite the negative news surrounding the US economy and the world. It is said that if this goes up, alts go up.
this is my bullish scenario for theta in the long term. targets are provided and resistance lines.
Bitcoin Dominance % market analysis March 18 Hey guys! As Bitcoin is soaring in price and investors are switching their holdings from altcoins to Bitcoins , bitcoin dominance starts to increase. **What is Bitcoin Dominance % ?** -Bitcoin dominance % represents the percentage of the total market capitalization of the cryptocurrency market that is attributed to...
This is my trade idea. I tried making it as clear as possible. Drop any questions down below.
Looks like a cup and handle pattern to me in a longer timeframe. If so and respected, we may see ATH at $1.5 as first target.
Trade idea looking good. A bounce to the 1.40+ area seems likely in the long if this plays goes well.
Targets are provided in chart. We are in the buy area , we can still go to 0.25. Buy entry is : 0.25-0.32 Target is: 0.80+ This is a long term trade. AI is the future.
Incredible resistance at the 25200 area showing strong sell pressure. Some narratives that are taking place right now : -CME gap filled from Jan 13. Although not always true, many traders have the belief CME gaps are always filled and the narratives in the media are used to reach to those gaps. We just filled the 19500 gap. -Fud and fud everywhere with...
Ethereum targets for a likely play showing up. Target is the dotted resistance break Unfortunately I did not upload my previous analysis for these drops.