#gold - Sideways/Slow Rise to continue?Hello Traders,
after Gold has been doing well recently, it made a rather poor breakout attempt on high volume and got declined (for now) but NOT being pushed back below the key-level and is now floating
without producing any major bearish signals here. It is absolut within possibilities we see a slow further side / rise up to the Pivot Cluster R3-Q and R1-Y, and this could fairly take months!
We have seen on this ride up twice the same situation regarding bullish signals on supports of MA50 and cloud combinations. Stops: Considering $1530 for Swingtrades a good one, simply cause chance are high you can buy back lower if this price is reached again.
For long-term investors this is a different story: $1446 is a range, but also likely keeps you within the growing process and if it falls below the Yearly Pivot, you really wanna be out.
Cheers guys.
Neru
Midterm
XRP future coinXRP looks very scary in these days ,and most of the XRP investors (holders too) are bloody.
But don't forget that the XRP's movements are mostly sharp, and if there is an upward movement chance, certainly it will be a rough & sharp movement and it will be happen in maybe less than 3 days!
As i see in the XRP chart it will be back soon to its sharp movements , Maybe before of a serious upward movement we see some crazy up and down moves, But it will grow soon
and we will be shocked once more about this coin.
I seriously started to invest on this coin, because i see great potentials on its trend, the targets will be gain in midterm and This analyze based on the key points.
XRP will make everybody happy soon!
Good luck crypto investors.
Please post your ideas & comments here.
thanks.
The bearish trend is not over yet! Here is whyThere is no reason to be bullish if you look at the bigger picture.
The price of Bitcoin (BTC) is sitting at the MA 100 resistance and we will most likely see a Death Cross with the next 3D candle,
which is considered as a are event and a strong bearish signal.
Please watch the yellow boxes which highlight these events.
Let me know what you think!
#eurusd - Between P-Y and P-QHello fellow traders,
since EURUSD did not overcome the Yearly Pivot, it has been showing now, that for now it is accepting the Quarterly Pivot as temporary support.
The white area you see is a historical area, where EURUSD does often accumulate. As this could be a retest of the falling c-c trend line, this levels have to be watched carefully until it either breaks up
the Yearly Pivot, or breaks down the dotted yellow fractal lead line and the P-Q.
As usual I have marked all important upcoming levels for you.
At current price, EURUSD is maximum a hold (we have slightly increased bullish odds here).
For scalpers this means, you would look out for both directions to trade. No reason to give one side a huge overweight at the moment.
Neru
#ethusd - Poor break-out attempt.Good morning guys,
first of all I wish you wonderful trading-week ;-)
Due to the fact, Bitcoin is so far not successfully trying to overcome it´s Yearly Pivot, Ethereum is also struggling to gain bullish price action here.
The recent breakout-attempt looks very poor and stopped for now at the very first resistance, the Quarterly Pivot, also probably producing a bearish candlestick (it´s necessary to wait for a close on this 3D to get more clues, how strong this actually is or only a small retest).
What we know now is, that the Quarterly Pivot needs to be broken, before the Targets for the (still) bullish falling wedge will have a chance to play out.
In case this will see a breakout after all, the most likely target to be hit is Target 2 and it´s resistance zone within the Ichimoku Cloud, just below $200.
As usual I marked all important levels for you.
Currently Ethereum is maximum a hold.
No buy and no short just yet, going after the indicators we use.
________________________
Neru
#eurusd - Hitting potential re-buy zone (Retest & P-Q) 3DHi guys,
EURUSD did not manage to overcome the Yearly Pivot on 3D and has been declined forming a bearish engulf leaving overbought conditions. Anyways this is not surprising as this might bring the opportunity to find a Retest of the former broken trend line and the Quarterly Pivot Point and provide a conservative entry for mid term growth.
For the next days it seems very useful to go to Daily or 6H to see better what´s happening at this support key-area. (Will shoot this update tomorrow around mid-day to give it some time to evolve)
For now this break-out has not been successful leaving question marks.
Levels remain intact.
Neru
#btcusd #xbtusd - Bullish Break-Out attempt, 3DHey guys,
Bitcoin is trying to overcome the resistance zone around the Yearly Pivot with increasing volume. Since the last valid long-opportunity on 3D on the closed Pullback-Engulf @ $7185, which also marked an aggressive entry for the
following inverted Head & Shoulder 15% spot would have been made with a simple buy. For those Daytrading: This was the number to beat. (Buy & Hold Equity)
Mid- long term traders are likely still long and don´t have any reason to take profits just at this stage. After surpassing the Yearly and Quarterly Pivot and clearly showing ambitions to break the down-channel, I would honestly like to see a retest of this area going as low as $7750 levels, to be declined there and giving traders the opportunity for conservative long entries and validate further growth properly. Currently BTC is dangling at the SMA100, for me currently not giving away short opportunities. We have a buy or hold situation here.
For future purposes, those who don´t know me: I have always used the 3D plus tools like the Ichimoku Cloud, Pivots / Engulfs in these sort of situations ... feel free to join me in Telegram for further infomation.
I have been asked about my arrows I am putting into the charts: To clarify, the don´t point out to prices, they point out to important levels & trendlines that are interesting for trades, it is neither ment as price specification nor as date specification.
I am always happy about a follow & like. Feel free to share.
Neru
P.S. I am not going to swap to smaller timeframes in January, I need to see the next two to three weeks to go back into Daytrading. For now I hold Bitcoin, still ready to short if necessary. Nothing else.
#ethusd - Ethereum much weaker than BTC, 3DGood morning guys.
Ethereum for now looks much weaker than Bitcoin and also e.g. Gold.
The bullish falling wedge is still in place and ETH did not manage to overcome the resistance cluster situated at exactly where it stopped growing around $148.
The Quarterly Pivot and the upper trend line of the wedge are holding right now. Generally it has to be mentioned that Altcoins did not really follow Bitcoin´s and the overall green market with the same motivation.
This could have to do with the political situation, but also with the fact that traders are simply paying much more attention to what´s happening generally.
Currently Ethereum is maximum a hold if already spot bought mid-term, or needs to be looked at for possible incoming bearish signs.
Ethereum is not a buy at the current stage.
As usual everything you need to know is marked.
Neru
#xauusd - Does the rise find an end soon? #goldMight be a little disbelief right now, that the formerly mentioned "pump" really happened, but yes, it did and is the question are we finding a resistance now or are we going further up to the Yearly Pivot Resistance 1.
Gold is trying hard to overcome the mid term trend line (red) and I am clearly going to warn about possible fake outs at this point.
Whoever of you has been riding this after the break-out, should become more cautious towards possible profit taking now.
The Year started green all over, but January has not to end like this. There are all three options completely open here, though to also mention, Gold is has been overshooting overbought conditions and has been rising in demand.
As usual I have marked possibilities and important mid term levels to look at, watch out for things as engulfings or large wicks on 3D possibly turning this bullish picture. The most likely are where stop losses are situated at the moment is just around 1550-1530$.
So no need to panic sell at this moment.
Neru
#eurusd - Weekly UpdateEuro/Us-Dollar is currently facing a huge resistance zone between the key-level and the new Yearly Pivot 1.117 and 1.122.
It has overcome a major trend line on the weekly and forming a bullish higher-low pattern.
This area is crucial for the mid- to long term development upcoming. If this neckline area get´s broken upwards and passing the Yearly Pivot, things look much brighter for EURUSD (solely technical, ignoring fundamentals)
Due to the fact, overall market is rather green nature, we need to see if this mentality can be established during January.
As usual I marked the next relevant levels for you. In case this does drop a little, please watch out for the red trend line below the price for possible short opportunities.
Neru
#bitcoin - 3D Overview Good morning guys,
first of all a very happy new year 2020 to all of you, I hope you are going to have a healthy, blessed, joyful and successful year and will achieve your personal goals.
My holiday is over as well. Over the next days we will have a look at different assets on different time frames to get a better overview of things happening.
We are starting off with Bitcoin on the 3D interval.
With an oversold Bitcoin mid December and a channel bottom line bounce (Daily Downtrend Channel), we received a potential long-entry by forming out a proper bullish engulf on 3D and recently also on the Daily.
For now, also a key-level above $7k seems broken. So big question, are we totally bullish just yet? Sadly the answer is still no.
I have pointed out a couple of times that the new Pivots Quarterly and Yearly will be very similar and together with the key-level been forming since June 2019 building a massive massive resistance zone between $7.700 and $8200 roughly.
As long as this is not broken with proper volume increase (or at least afterwards), the picture remains very unstable in terms of possible drops.
This is a danger-zone and January is famous for bigger drops consecutively. (Obviously history does not have to repeat)
As usual I marked important levels.
__________________________________
Neru
XAUUSD - MID TERM PRICE ACTIONTrade War, Brexit, monetary system crap, Recession etc. Smart Money flows to GOLD in 2019.
Past week good news was given by media. But gold did not react negative as expected.
1505$ and 1420$ are the two important level for the gold.
If good news continues, gold may give us a chance to buy. I believe below 1420$ level would be the best buy opportunity.
If the gold price break down trend , this is the weak signal for the buy. But price will break 1505$ level, this will be perceived strong buy signal.
BTC possible midterm scenario 12.5k then 4kBTC is known to disobey technical analysis such as rising wedges breaking up. On many occasions TA was clear as day and the targets were sure, but bitcoin did a U turn and messed everything up.
Why? Usually there is a subtle hint.
Early in September I noticed a huge head and shoulders forming. It's measured move was 4k. The head and shoulders was part of an ascending triangle and the measure move of that is the same, 4k.
Then bitcoin broke down from the ascending triangle but it didn't drop to 4k.
Manipulation? maybe. But here is my technical explanation of what happened. Bitcoin is going to retest the triangle at 12.5k, after it will drop to 4k.
The daily RSI supports the theory of 12.5k then 4k. The RSI was in a falling wedge, broke out, retested it, shot up and now is forming a bull flag, meaning that there will be a strong upward move soon of equal length.
I believe that the price action will form a very big bearish divergence when it reaches 12.5k, which would precipitate the big drop down.
What bothers me in this idea is the timing. BTC must pump to 12.5k this month in orde to retest the triangle. I find this too early. If BTC pumps to 12.5k this month, it will be likely it will pump further maybe to 20k.
below is a similar idea, but using gann fans. And the original Head and shoulders idea in august.
BITCOIN - Mid-Term Analysis (Descending Channel)Hello my friends!
The price of Bitcoin ( BTC ) might be moving in a Descending Channel on the 1-day time-frame (purple box).
We are currently moving in our Key Area, from where most of the volatility happens according to our backtracking.
A strong move is expected. Since the SMA 100 acted as a strong resistance and many indicators are giving us a sell signal,
we can determine the direction of the move.
The ADX indicator is signaling the strength of a trend. Please take a look at the yellows circles to see what we can expect.
According to our Fractal (price movement from the past) we could touch our Support at the 6800.00 area within the next 4 weeks.
I will keep you updated!
If you have any questions in this matter, fell free to join our free Discord Channel .
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What is your trading plan for the next weeks? Feel free to share your ideas in the comments section.
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Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
EURCHF overbought plus bearish divergence. Mid term idea!EURCHF is having trouble making new October highs after hitting resistance at the daily chart’s 100 SMA!
Does this mean that the euro’s partying days are over? A quick peek at EUR/CHF’s Stochastic flashing overbought signals for the pair. What’s more, there’s also a bearish divergence on the chart!
BTC to Pump on Halloween?Based on the similar pattern or fractal with the last 3 months of price action vs. the 2018 bear market, current patterns are playing out roughly 3.7x faster than the price action of the 2018 bear market. Does this mean we could see BTC pump (like it did on April 1, 2019) on Halloween? Please share your comments!