Shown in the weekly chart you can see a significant move that breaks a decade long trand line. However, at a cloaser look on the daily, you can see that it closed below the trendline. After another drill into the anlytics, you can see where many resistances were broken and retested. Looking at the 4HR chart you can see multiple resistance lines have been broken...
Technicals: -Fibonacci Retracement and Timezone -Elliot Wave Theory -Copied Waves 1 & 2 to Create Waves 3, 4, 5 Fundamentals: -BTC's Halving History Indicates a Nearly 10x to the price each time $180 -> $1800 -> $18,000 -> $180,000? -> $1.8m? -On Smaller Timeframe, BTC has broken out of the Downtrend Line Confirming Bullish Breakout...
Here are the best. Under 10 years it's too luck based, and even up to 20 years. So all the people on the list will always be old. Warren Buffet & Jesse Livermore started investing full time in their teens (Warren started at 8 but the track record starts later maybe late teens or twenties, Jesse started at 14 I began the track record estimate at 16), George Soros...
Ethereum has been showing a LOT of strength. It's definitely getting into overextended territory in the short term, but long term it has a ways to push up. If we look at the key resistance points in the past we can see that this $400 level was really critical and acted as support AND resistance multiple times. While it's still a little too early to tell if we will...
The corn never makes it easy, and with this breakout anybody who was hoping for a lower buying opportunity will now be chasing prices higher. It's a strong technical breakout of a multi-year triangle/consolidation pattern, so I'm expecting a run to set a higher high above the 2019 top (+14k) and possibly even test ATH. Still, would expect there to be a...
Hi all, My thoughts on LINK both USDT and BTC pairing. My thoughts are: =================================================== > LINK.USDT < based on the below chart, on the right plain Based on my chart, we have a typical channel bull flag, as per chart and its found the fib. level 0.5 a area of demand and the 0.382 as support On the daily, and longer time...
💬 As confirmed coronavirus cases ticked up in the US at a faster rate than in the other countries shown on the chart (a selection of EU countries Germany, Italy and Spain, the UK, Canada, and China) we have seen a subsequent weakness in the US dollar compared to the currencies of those countries (as seen by EURUSD, GBPUSD, CADUSD, and CNYUSD). As you can see...
The S&P 500 has had its biggest trailing four-month gain since 2009, but a new month is about to start. It might be a time to be aware of some potentially bearish chart patterns. First is the bearish gap from February 24. The index tested into it last week but stalled. This is also close to the year-to-date breakeven line of 3231. Next, the index had a bearish...
Old Dominion is a jewel of a company, and is very well run. I feel confident targeting $190/share if we get a nice bullish confirmation candle. 21.47B Market Cap Income 615.4M Sales 4.11B Div% 0.33% P/E 35.19 Forward P/E 31.24 P/FCF 46.5 Quick Ratio 1.90 EPS this Y 3.7% EPS Next Y 21.97% Sales Q/Q -0.3% EPS Q/Q 1.5% ROA +15.8% ROI +19.5% Profit Margin +15%...
Currently at Support of a Decade Long Upward Channel As long as the WEEKLY candlestick chart closes WITHIN the channel I will consider my setup VALID. I will consider this setup INVALIDATED, IF weekly candle closes BELOW the channel support. Side Notes to consider: All lower timeframes ranging from 1hr to 3day are heavily OVERSOLD.
As most of you guys know, I really enjoying analysing the Canadian dollar since the fundamentals behind it are really fascinating. Most of the people think that when something influences the USD or the west as a whole, the CAD should follow it as well. But it doesn’t work this way and history has given as a few examples such as the recession back in the 2000’s...
Here is a bigger picture : The Major EURUSD Downtrend started in March 2008 until now. we hit a Double bottom at around 1.0450 Area and bounced a bit but the major upper line of the major downtrend is being tested again. NOTE: EURO Zone is an Export oriented zone. They need a lower EURO for them to be able to sell their products outside EU. Chinese companies...
Bitcoin bulls are having an uphill task sustaining the price above $11,000. Another slide below $11,000 could easily plunge to retest support at $10,500. Bitcoin price is holding above $11,000, however, it has a bearish inclination in the short term. The trading on Thursday saw buyers revive the bullish momentum upwards but hit a wall at $11,200. A reversal...
Most of the day the Yen/USD traded lower breaking the 200 Moving Average through the day - first time its done this since this ramp up started. Highlighted in hot pink you can see the points of control notice that most the business was done at lower prices today , but closed higher into the S&P / Nasdaq close. Divergence remains - still time in this trade,...
I want to point out two things in this post: 1. The elevated implied volatility before earnings on blue chips stocks is per se a risk factor due to high call open interest and the following reduction in implied volatility post earnings. 2. The SKEW index is signaling increasing tail risk. The first point: As I’ve pointed out in recent posts, high open...
Key Dates 2020 Mid/Late August to Early/Mid September for 14k Mid/late September to Early December for 18k also first pullback of the new bull cycle. 2021 Sometime January back to 2 year trend line created February 2019. Mid April the restart of the bull run after correction
The chart on the right represents 30 year treasury bonds. The chart on the left is TLT, an ETF that expresses a trade in treasury bonds. The way to profit most is probably via call options on TLT. I am looking at the 172 strike in August. The other way is to be long futures. I am long ZB1! futures contract. The negative is the minimum size is $181,000. So for...
Here is a method to track current trends and spot reversals. This technique combines two separate indicators, the Bollinger Bands (BB) and the T-Line . Bollinger Bands contain three parts. First is a 20-period simple moving average, the middle band ( purple line ). Second is the upper band and third is the lower band ( blue lines ). Both of the upper and...