Gold In Daily Corrective Wave - I'm Still Bullish on The MetalGold is forming a bullish falling wedge on the daily and close to the season where gold is often bullish from December - February, I'm still bullish on the metal. A price fall to 1417 (circa) will be closely watched for price rejection and long entry...
Metal
Metal Pay- MTLUSD - Great Buying Opportunity-350% Gains ExpectedMetal Pay MTL - MTLUSD Great Buying Opportunity Coming Ahead -
350% Gains Expected! - Don't Miss This One.. :)
Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position with great returns :)
In a lower time-frame (4hrs) this long position has also been conformed.
Target Profit Range - 0.43-0.86
TP 1 - 0.43
TP 2 - 0.56
TP 3 - 0.73
TP 4 - 0.86
Buying Zone! Long Position
Early Entry Trigger Point - 0.23 -.026
Ideal Entry Trigger Point 0.16-0.19
Adjust your Stop Loss according to your lot size,
account equity ,strategy & money management.
***If you want to get in this trade from this point 0.341 you can still make 26.5% profit till TP1 is reached, however there is a very high probability that price may continue to move down towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly.
Good Luck.!
This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity.
Don't forget to like and follow , If you like my analysis :)
With Seasonality in Favour of Gold, New Highs Will Be FormedNovember to January are periods gold and silver are often bullish due to high demand in India & China. Gold still have high potential to make new highs in coming weeks especially when COT (Commercial) have commence hedging the metal and dollar index is still falling as we forecast in the past
Metal Starts To Generate Profits | Round 2 | 70%+ Next!Our last chart for Metal (MTLBTC) was shared in late September, on the 27 to be exact, and five (5) targets were hit for 80%+ of profits ... You can see it here:
A retrace took place after we hit our targets, which is normal, and now MTLBTC is starting to move again... Let's take a closer look at the chart:
We can clearly see Higher Highers (HH) followed by Higher Lows (HL). The uptrend is confirmed.
We can also see how the price drops after each peak (purple lines/falling wedge) just to jump back up and reach higher each time.
The indicators also continue moving higher and both are now on the bullish side. The MACD is curving up with momentum and the RSI is above 58.
Today MTLBTC is moving above EMA100 on low volume. Printing such growth on low volume with this setup is a bullish signal. On a bearish chart, it would be bearish and indicative of an upcoming drop. But on a bullish chart, this low volume growth points to no-pressure from sellers, so the pressure is going to show up at higher prices.
Feel free to ride this wave with us all the way to the top.
Remember to hit LIKE to show your support.
Namaste.
SILVER (XAGUSD) | Possible Reversal AreaHi,
Criteria:
1) 2x AB=CD
2) Channel projection
3) Strong area (light-blue)
4) Fibonacci Retracement 50%
5) Fibonacci Extension 127%
6) 2013 low
7) Tiny orange dotted trendline
8! Wait for a bearish candlestick formation from the 4H to trigger it!
If it was helpful then take a second and support my effort by hitting the "LIKE" button, it is my only fee from You!
Best regards,
Vaido
Metal (MTL) -1:6+ Pullback Trade @coinselorIt is really hard for me to see a sound trade idea with a 1:6 risk-reward ratio and not take the trade. Again, not a fan of buying pullbacks but sometimes it is the right play.
Will it be right this time? I don't really care, I place the trade and forget about it.
BINANCE:MTLBTC
Market Cap:
$18,251,157 USD
2,127 BTC
MTL TURBO LONG THIS MF!! BUY NOW. SAY LESS!!This is the long of all longs.
Falling wedge, clear RSI trend touch.
Daily Ichi Hit.
Extreme upside potential.
Buy Now.
Say Less.
ALL I KNOW IS PROFIT:
Entry: 3600-3650 sats
Target 1: 3919 sats
Target 2: 4208 sats
Target 3: 4770 sats
WE DONT HIT STOP LOSSES, WE HIT TARGETS !!
GOLD (XAU/USD) | Breakout Confirmation Areas!Hi,
Gold price approaching a Triangle tip. This is not a perfect triangle because of asymmetric touches between the top and bottom trendlines but hopefully, you will understand my point and my point is - triangle tip may release volatility to the breakout direction.
Triangle has two breakout opportunities. Suprise-surprise, up and down but at the moment, those marked breakout opportunities get confirmed also with other price action criteria. So, I would like to share my simplified bias if the breakout has occurred.
BULLISH BREAKOUT
We need 4H or Daily candle close above the upper green trendline, inside or above the marked green area. This is a Triangle upper trendline, plus we can consider it also as a counter-trendline because the recent bigger trend is upwards. So, if this trendline breaks then the bigger trend starts to work to our favor and the climb may continue to the higher levels.
There is also round number 1,500 and if we get a candle close above the trendline then we get 2 in 1 situation - break above the trendline (breakout upwards outside the triangle) and break above the psychological number 1,500.
So, wait for a candle close inside or above the green area, wait for a retest and the first target is around 2012 low, price 1530-1530.
BEARISH BREAKOUT
Since the beginning of September the short-, mid-term trend is downwards. We have clean lower lows and lower highs and if the red trendline gets cracked then it will "drop" to the lower prices.
~1480 (light-blue horizontal line) has held the price multiple times and if we get a candle close (4H or Daily) below the triangle then it is also cracked and it may start to fall around 1,450. Breakout downwards is supported by EMA Death Crosses in 4H TF.
So, wait for a candle close inside the red area, wait for a retest and the first target should be around 1,450!
If it was helpful then take a second and support my effort by hitting the "LIKE" button, it is my only fee from You!
Best regards,
Vaido
Metal Chart | Mid-Term Projections W/ Targets + 390% PProfitsPlease allow me to share with you this Metal (MTLBTC) chart, which looks pretty good to me.
Now trading above the above resistance (in the form of EMA50 and a broken downtrend line), Metal is starting to look pretty bullish.
The low was hit on the 10th of August with a classic and strong bounce as it usually happens after a new low is hit, this bounce generated over 111% of profits.
A retrace took place from the 22nd of August until the 15th of September, where a higher low was hit compared to the low of the 10th of August... Now, we are seeing bullish action taking place... MTLBTC is very likely to continue moving higher and a new uptrend will form.
Thanks a lot for reading.
Namaste.
Today`s ALT!!! MTLBTCBINANCE:MTLBTC
Exchange : Binance
Coin: MTLBTC
Buy Zone: 0.0000325~0.000032
Target Point: 0.0000376/ 0.0000404/ 0.0000438
S/L: 0.0000307
Risk: HIGH
Term: Short
It already makes Cup&Cuphandle
It`ll breake neckline and pump !!
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Today`s ALT is that information is raised regardless of the Coin market situation
So sometimes there`s a high risk trading
Investment is your responsibility.
I'm just providing about coin`s information
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GOLD / XAUUSD - More Bearish There is double top situation which is showing us a bearish movement and MACD shows that there is bearish movement as well. Previous daily candle also shows us that there is are big refuse from the buyers. so there are few confirmation that Gold is down.
Note: Trade at your own risk and this analysis is not used any fundamental.
Like and comment us for more.
XAGUSD 21/09/2019Hello Traders!
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot.
If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH?
So SM must BUY LOWER and SELL HIGHER :)
We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM.
Here u will find a thought process to identify these spots on chart, where SM stuck with their orders.
We want to play with SM so, we looking for entries (depending of direction) on HEC in 3 spots:
- top of WICK
- top/bottom of BODY candle
- 50% of BODY candle
CHARTS AGENDA:
SM - SMART MONEY
PA - PRICE ACTION
HEC - HIGH ENERGETIC CANDLE (LAST OPPOSITE CANDLE BEFORE MOVE) <- SM MUST SELL TO BUY AND BUY TO SELL :)
BITCOIN SIGN - MONEY POCKET (SL, BUY STOPS, SELL STOPS) - EQH - EQUAL HIGHS / EQL - EQUAL LOWS
BLACK ARROWS ARE ABOVE AND BELOW THESE MONEY SPOTS POINTING FUTURE TARGETS
BLUE LINES - ENTRIES WITH SMART MONEY
MITIGATION MOVE - SNIPER ENTRY FOR US
BLACK LINES FOOT PRINTS - SPOTS ON CHART WHERE SMART MONEY SHOULD COME BACK TO GET OUT OF THEIR POSITIONS IN DRAWDOWN (SM MUST SELL TO BUY AND BUY TO SELL) - POTENCIAL SNIPER ENTRIES
BLACK BOX - GAP's (IPA - INSUFFICIENT PRICE ACTION) - SPOTS ON CHART WHERE PRICE MOVED TOO FAST, AND LEFT SOME "WHOLES" IN PRICE ACTION WHERE ALGORITHMS WHAT TO COME BACK AND FILL IT BY "HEALTHY" PA.
Hopefully u will get some value from this markups;)
GOD BLESS U ALL!