ccpudaism

ccpudaism

Simple Idea! Channel is just to illustrate the move up. Fib drawn from swing low in June till swing high in October! Yesterday Nov 14 price tested the 50% area which is not really a Fib number Perhaps price will 'try' and test the 0.618 golden Fib level, before shooting up to make new ATH Especially in light of Fed Chairman's speech yesterday where he took a...

ccpudaism

Price action after Donald Trumps win shows us the following: 1. Market (Stocks) are in a risk ON mode 2. BTC is following stocks and is also in a risk ON mode 3. Gold is going back to its historical safe haven status or risk OFF mode So IMHO market is pulling out money from Gold and investing in Stocks and Crypto. IF my observation and logic is correct then...

ccpudaism

Dear readers please do not go on a FOMO spree. BTC will settle down towards 62K levels in the coming weeks. Wait for the right opportunity. NOW is not the time BTC. If you are following I will keep you posted! Thank you for your patronage!

ccpudaism

November 3 Road Map for the coming week! Please do expect a lot of manipulations! So manage your stops very well! If your equity allows then stay on the sell side without stops! This is just my thought and not a seasoned recommendation! Yea! I hear you! that trading with stops is stupid! and I agree with you! but caveat (If your Equity allows)... Gets?

ccpudaism

November 3 On the higher time frame (Weekly) we can clearly see 1. Mid October the buyers were in the driving seat 2. Ebbing into indecision towards the end of the previous month 3. Clear signal that the sellers are in control starting November What we can infer from these candlesticks is very obvious! Bulls have run out of steam or in other words buyers (or...

ccpudaism

Those of you who are following me will know my logic! At the cost of being repetitive 1. Gold indicators need to cool down. No asset moves in a linear fashion (except the Zimbabwean Dollar) 2. Trump is a bit ahead in the presidential race and we all know republicans are known for their inflationary policies 3. Stellar ADP jobs numbers and today's unemployment...

ccpudaism

Rarely do we see metals having such a lackadaisical day! Blame it on no news!

ccpudaism

This is not a recommendation but rather a possibility based on the following: 1. We may see an upward opening gap at start of the market later. 2. There are circumspect views that there is collusion between Iran, Israel and the USA pertaining to the recent escalation. Non of Iran's Oil or Nuclear installations were targeted. 3. US Election race is neck to neck...

ccpudaism

This is not a suggestion or my trading plan! My Trading plan has been already shared with you all in this forum. In my experience we always need to marry fundamental forces with technical projections. We had a newsless week but ending Friday, we had Israel drones or airforce attack Iran? Did you see the pop in prices? From a forex market perspective we only...

ccpudaism

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ccpudaism

This is my advice to myself so if you are reading this do not act upon it without your individual research. People follow DXY to gauge dollar strength but I use Bond yields for direction. As already mentioned in my previous post holding gold costs money (swap cost). But for more direction look at this daily chart. Can you see price trading at more than it's...

ccpudaism

In this chart if you look closely you will see just a pump with no fundamental rationale! I have done my research and if my birdies are right Black Rock has gotten the SEC clearance for the BTC Fund but they have not started the drive. Just a thinking point for you. Blackrock is the biggest asset manager out there in the known universe. So do you think Larry...

ccpudaism

have been spending my weekend rummaging through posts by pundits and market's movers and shakers. This is my assessment (and not my recommendation). BTC will fall hard like gold in the weeks coming fore. But that does not mean you sell ok! You accumulate BTC when it dips south. Clear? pointless buying now because fomo is already in play. In the words of our...

ccpudaism

In this chart I have made it simple. I accept that price can appreciate further but I will be looking for sell opportunities at levels posted earlier. My main concern is how to handle this gigonormic rise with the expected fall to come. It will come and if you are following I assure you it will come by early December. Logic: Election results FED rate Cut...

ccpudaism

October 21 - 25 Roadmap Fib extension levels indicated are sell levels Green boxes or demand are buy levels (accumulate) with proper risk management Pink box is your ideal retracement target Sell Stop (NOT Stop loss) blow 2627) This is my trading plan and not a recommendation. I am sharing and caring that is all. What you do is your own decision!

ccpudaism

The point of this chart is to demonstrate that prices dont just go zoom boom or crash bang! there is a semblance. Always remember the market is an efficient self correcting mechanism and that is why fair value gaps or imbalances are filled more often than not. If the price elevates way above the 20 period moving average it means there is a distort in the market,...

ccpudaism

In this chart I have kept it simple. Old school style because I am old school. If you have the time please ponder on these fundamental and technical points. 1. Gold is overbought on higher time frames 2. Why is it overbought ? Clue (Sharks) 3. DT is edging ahead in the races and that is bad for gold and sharks know it 4. Middle eastern crisis is no bad or no...

ccpudaism

Unlike most of the pundits here who preach price action or Elliot waves or other technical stuff, i believe prices move because of geopolitical reasons.. Lets be honest to ourselves. Is the dollar down out knocked out ? you think that USA will let china Russia brazil and Saudi Arabia depose king dollar ? I don't think so .. I think there is a big short coming ....