*SEE MY OLD TA FOR FULL ANALYSIS, THIS IS AN UPDATE* EXPECT XAGUSD MARKET TO BOTTOM NEXT WEEK AS MACD CROSSOVER CONFIRMS TREND.
SEE MY OLDER ATTACHED TA'S FOR FULL ANALYSIS. THIS IS TO SHOW THE LATEST TOP, AUGUST 15 2016 ON ALL MAJOR INDICES.
VERY SIMPLE TA TODAY, HIGH POTENTIAL FOR A SELLOFF AND FINAL TOP IN THE MAJOR INDICES STARTING OUR FIRST RED WEEK IN 7 WEEKS. SEE ATTACHED TA'S FOR LEVELS, FUNDAMENTALS, AND TIMING.
SILVER HAS NOW BEEN CONSOLIDATING STEADILY THROUGH THE SUMMER. AS WE SEE, SILVER IS NOW TRADING WITHIN THE INDICATED WEDGE. SEE MY OLDER TA'S FOR THE LONG/SHORT CASE. I SAID AT THE JULY TOP THAT A GOOD SHORT OPPORTUNITY WAS AVAILABLE, BUT TO BE CAREFUL AS THE SECULAR TREND IS UPWARDS. I NOW BELIEVE THAT THIS TREND SHOULD CONTINUE NOW. IF SILVER BREAKS BELOW THE...
THIS IS AN UPDATE TO MY PREVIOUS TA'S. AS WE CAN SEE INDICATED IN THE RSI, SILVER GOES THROUGH 32 DAY CONSOLIDATE/GROW PHASES. AS WELL, SILVER HAS BEEN REMARKABLY CORRELATED TO MOON PHASES. USING THIS AS A CATALYST, THE NEXT MOON PHASE IS AUGUST 18TH, FOLLOWING ANOTHER SEPTEMBER 2ND. I BELIEVE THAT SILVER WILL BOTTOM AROUND THE INDICATED WEDGE OVER THE NEXT COUPLE...
A POTENTIAL PRICE TRAIL FOR SILVER IN THE UPCOMING MONTHS, LOOKING TO ACCUMULATE A LONG POSITION WITHIN AUGUST/JULY FOR NEXT LEG UP
Look for a short opportunity in Silver/USD for a temporary pullback in the long term rally. Either sell short temporarily or buy on the dip. IF Price breaks above 24, we could potentially break out further upwards.
Technical Analysis: Along with the technical indicators that I have outlined in the graph, the following fundamental analysis supports the reason for the incoming financial 2016 crisis. Outlined in the chart are my target dates for the bottom of the market, ranging from Q1 2017 to Q4 2018. Additionally, the right shoulder that formed in the 2001 and 2008 cycles...
MAJOR POSITIONS HAVE BEEN UNLOADED AT THIS POINT, PREPARE FOR DOWNWARD MOVEMENTS
BTCUSD HAS BROKEN OUT OF THE TOP OF ITS 28 DAY CONSOLIDATION AND HIT ITS FIRST RESISTANCE LEVEL AT $389.97. **LEVELS FROM BTCE:BTCUSD** HERE IS A LIKELY PRICE SCENARIO FOR THE NEXT 3 WEEKS: 1. PRICE FINISHES CONSOLIDATION AT FIRST LEVEL AND BREAKS UP TO 400.84 2. CONSOLIDATES QUICKLY BETWEEN $389.97-400.00 AND MOVES INTO $420.00-430.00 RANGE 3. FALLS DOWN TO 400...
NICE WEDGE/CONSOLIDATION FORMING, WAIT FOR PRICE TO EXIT UP OR DOWN-SIDE OF WEDGE TO CONFIRM YOUR TRADE BTCE LEVELS TAKEN FROM THE BEST @Kazonomics
*READ NOTES IN CHART* KEY LEVELS DETERMINED OVER ALL TIME FRAMES RANGING 1W-1MIN
When something is unclear up close, it is often more attainable from a broader perspective. Rarely do traders look at the big picture when evaluating a trend. What people dont know about the DXY is that it has travelled to much higher price ranges than its current treading grounds. When we look at a large time scale, we see that the recent USD rally is a lot less...
THIS ANALYSIS OFFERS VARIOUS SUPPORT/RESISTANCE LEVELS. FUNDAMENTALLY, I DO NOT SEE OIL GOING BELOW OUR 10 YEAR ALL-TIME LOW, OR SURPASSING SUPPLY OUTPUTS THAT WE SAW PREVIOUSLY THIS YEAR IN OPEC PRICE WAR. IT IS SMART TO ACCUMULATE A POSITION OVER TIME THROUGHOUT 2015 IN THE $40-50 RANGE FOR A LONG-TERM HOLD.
THE CLASSIC PSYCHOLOGY OF A MARKET CYCLE. WE SEE THESE EMOTIONS THROUGH RETAIL INVESTORS WORLDWIDE. MAKE SURE YOU HAVE 20/20 HINDSIGHT ON GOLD BEFORE YOU GET CAUGHT IN THE HERD. REMEMBER, NO BIAS. @YUNGFINANCE