Gold and the Dollar are not friendsGold is really about the US Dollar strength. I've shown the inverse correlation in other charts before, but not on this 15 min time frame.
The relationship is startling.
So - if you believe the dollar is going to go significantly north, there is hardly any point going long on Gold.
If you believe that a Dollar Surprise is coming (see my post on that), then are you long on Gold? Think about it.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Trends
WE CALLED IT!! Ethereum and Bitcoin side ways now before a moveIf you took a short position or locked in profits around the 1850 mark congrats, we called that almost to the minute. Please keep up with our posts and make sure you share this information with fellow traders as we put out more information regarding daily and long term price action. This is all trend analysis and not trading advice, please use your own judgement to make trades. We expect the next day or two to contain a lot of sideways action but overall the indicators still show bullish trends. If something changes we will update everyone based on the indicators. Happy Trading!!!
Bad News For BTC Medium TermAfter coming out of arguably the most beautiful bull flag I have ever seen, we have had quite a nice run and a nice additional push by the man Elon Musk himself. I fear we are going to pull back quite a bit here, possibly 20-25% with a bottom somewhere around 42k. This will probably drag down most of the other coins as well medium term. With the bond yields taking off as well and a weakening dollar we find ourselves in a strange place that is hard to navigate. Ultimately crypto's will be good long term investments as fiats are racing to zero, but this could be a good chance to sell and buy more later.
AMBUSDTHIS IS NOT AN INVESTMENT PROPOSAL. My personal opinion. If you find this useful and want more guesses. don't forget to follow. Press the Like button. Leave your feedback to us in the comments section! Thank you very much for your support. Let us know how you see this opportunity and forecast in the comments.
I am upgrading my $NNOX Target from $115 to $200+I seen what happened at $95, the FDA response, and how people responded to lockup expiration + the secondary offering. People reacted quickly, things got tense, and now the storm will soon calm. The point is, it very recently hit a new high, and a new high will happen likely really soon. Once $115 passes, my new target is $200. I believe this is feasible if single source FDA approval is within a timely manner. They also have factories and deployments. I am looking constantly at institutional activity, and that is what excites me the most trend-wise. That said, please invest at your own risk and do your own due diligence. Everything I say is on an opinion based basis.
CGC: How to trade it!We are still in an uptrend. However, if we fall below the first support line then we could see it fall to $37.35 then bounce off the strong trend line for another try up.
Plan A: I chose to use a Pennant style pattern here(Cyan Color) So if the stock moves above the top of the pennant then we should see a breakout. The top of the channel is $48.00 so it is possible to see it go there.
Plan B: If we fall below the bottom support I see us slowly going down to the $37.35 mark. (See the orange line on the graph.) Once we hit this mark this would be a good buy in point as this is a strong support trend.
A Short time buy position As in technical analysis Ethereum chart shows it may correct to $1700 or will make a low of $1679, or will consolidate to the present price range till it get strong for the next run, the short term target would be $1985 as $2000 will act as a strong resistance, it may touch the level or can reverse back so for a safe trade just wait for PRICE ACTION AND get ready for a RIDE.
DOGEy Style: An analysis on the puppersThere's a handful of more deserving protocols that should have the hype the DOGEy has gotten. This is my view, we're very likely to get another impulse up.... in due time. or i'm totally wrong and it goes straight to the moon without another impulse down. Thanks for checking it out! Drop me a comment or 2 if you think I'm crazy or if I'm on to something!!
BPH Energy (BPH) Potential Big Move+ Support at .15
+ .618 Fib hold, next leg up unto 60c - 1$
+ Could reach 1.5$ by end of March
+ Holding short term moving averages
+ Candle Patterns looking very bullish, and likely for more significant uptrend continuation
* FUNDAMENTALS ARE LOOKING STRONG SHORT - LONG TERM
*Disclaimer: Not financial advice
* I took a position here at .15, looking to exit at 1$ - 1.5$ depending on what plays out, might hold or sell. below 13c may be a concern.
ACCURATELY TRADING UPTREND CHANNELS ON THE NZD CADThis Video looks at the trading opportunity that could present itself on the 4 Hour of the NZD CAD.
1. Uptrend Channel Formed.
2. Now at Support.
3. Needs a Strong Bullish Signal.
4. Would trade to Resistance of Channel.
5. Trade would be in sync with the overall Uptrend of the Daily Chart
6. Always better to trade setups that are in sync with the Market Direction of the Daily Chart.
Two Best Swings of the Day: $VTNR and $FTOCMy two favorite swings for profit turnover today were these two stocks, they also are decent for long term holds. $VTNR though, is at a higher risk position. That said, please do your own due diligence and invest at your own risk.
My Weekly Opportunity WatchlistENVB and AEZS has positive sentiment to pickup, and some people are turning to AEZS out of excitement of a potential VXRT-like rise. DRCB is a decent entry for a long hold or a short term swing. WTI looks like it is going to go up w/ increased demand in gas and was previously oversold prior to picking up support levels. JDST will grow off of precious metals sentiment trending. Everything I'm saying is on an opinion based basis. Please invest at your own risk and do your own due diligence.
High Risk, but can $GME hit $500+Gamestop was one of those chances that I missed just like SPI. There was no way to tell what happened on Reddit was going to happen. However, given the continued sentiment (even w/ red futures), it may be possible to pickup even higher support levels and continue the trend up to $500. If one wants to do risk mitigation if the price falls, going covered to make money either way and trying to allocate on timing is the best risk management + profit strategy. That said, $GME is currently a high risk trade. I do think though it is interesting to see the little guys winning, and I am a big fan of free trade. Let the traders, trade! That said, please keep in mind everything I say is on an opinion based basis. Invest at your own risk and do your own due diligence.