Get started

Sentimentalanalysis

Gold bearish movement might be ended up soon?From last 2 weeks, Gold was is in a bearish movement in daily channel due to the Politic hopes and stimulus doubts which all were supporting dolor in the chart. But this movement is getting weaker and the stronger Gold demands showing up. Probably in the next coming days, we will be facing hopes on confirming stimulus and Biden support for Market development, which will raise the equity in market and will be against dolor value. However still we are facing the weakness in Gold and it may continue for a short time at least.
TVC:GOLD
by phoenixTraders2020
The Bearish daily channel seems more stronger!As the daily timeframe shows, gold entered a long-term bearish channel after hitting a record high above $2,000 ($2080) in August, trying to break the channel and create a cycle with pre #us_election tensions. However after dealing with the #Channel_boundry and with the positive and statistical news regarding the production of #vaccine against #covid_19, we saw the sellers with the stronger power. Meanwhile, the case of the US presidency seems to be closing, therefore the expectation of investors to return to the growing market could further increase the power of the #dollar against #gold. Now it remains to be seen whether in its corrective move and after hitting the tense zone of $ 1890-1910, it will continue the strong #daily downtrend, or again the disappointing news of #Corona, pushing the market towards #risk_averse and buying gold against the dollar. Will it leads?!
TVC:GOLD
by phoenixTraders2020
Weekly Market recap 4: We need patience hereThe glimpse of optimism The market got back to the explicit state of the "certain uncertainty". You can see that the H&S pattern in DXY failed to push the USD higher. DXY couldn't even hold above the key 94.00 level for a considerable time. The sentiment shifted from risk aversion to some hints of optimism as S&P500 managed to recover from the correction and even came close to all-time highs. Brent oil made a fake breakout of the 39.00 level showing signs of strengths as it's still consolidating near the key level 44.00. AUD has been the weakest risk-asset currency recently. Even though it showed attempts to resume the long-term uptrend as optimism grew. When things get blur For the last week, the market has been digesting the gains from optimism as S&P500 and AUDUSD pulled back while DXY recovered from recent losses. Brent oil behaves remarkably, however. I cannot really see any obvious relationship of it with stocks and currencies for now; it's just consolidating. The market state is pretty vague at this point. I assume the trigger to the new wave of volatility may come from Brent. The closure above the 44.00 level can hint the bearish sentiment for DXY and attempts to advance below 39.00 can push the DXY higher. If it's too gloomy, get rid of AUD Among risk assets, AUD has been the weakest recently. On the AUDUSD chart, you can see the failed attempt to go above MA(50). If it breaks 0.7000, the chances are high that the long-term uptrend is finished. For some reason, AUD pairs have had quite a smooth price action recently, which implies the inflow of liquidity or the general agreement on the direction of the currency. Looks like it is "in-play". I would consider shorting AUD if the global sentiment shifts more towards safe-heavens. All in all, it's a good time to be patient now and look for the confirmation signs of the sentiment shift. The technical picture tells that currencies have been in the range for a considerable time already. The longer it stays like this, the more interesting the proceeding trend will be. The most important here is patience. Everything can change very quickly, and traders need to be ready for this.
by Cherry94
$AUDJPY #AUDJPY - if buyers break 75 they could push it to 76Newsflow is mixed (California shutdowns could lead to more states following suit vs Moderna vaccine progess) AUDJPY has been correlating heavily with the stock indices (US30/NAS100/SPX500) as they both are highly based upon risk on (up) vs risk off (down) market sentiment. I don't want to bet against the stock market (yet) and I've been flaky on directional bias on this pair because of the volatile risk sentiment flows & this 75 level but I think sellers of this pair with stoplosses above 75.00 could get punished similarly to how the stock index sellers have gotten punished in the past few months. I like the risk/reward ratio as well because my intraday SL is only 25 pips (74.75) giving me 1:1/1:2/1:3/1:4 intraday profit targets (75.25/75.50/75.75/76.00) from a longer term trade POV im really eyeing this 75.00 major quarter point price level & I would want a better feel on risk sentiment before making a long term bet on this pair. I would much rather talk to you at the end of of July going into August to see how this stupid virus develops and how things play out before betting on where risk flows will go in these current market conditions. (As well as to see if we can make a new Q3 high on the currency pair) 7PM-7:30 EST going into Asian Session volatility about to pick up as I'm writing this & I would definitely want price above that 75.00 price level 12 hours from now @ 7 AM est & going into tomorrows NY Stock Exchange Open around 9-10 AM EST for me to still consider this trade valid & in an ideal situation either book profits or scale in depending on the scenario (potentially both) If you trade fx / commodities / stock indices or even crypto shoot me a follow as I drop some signals, charts, and analysis on here from time to time Trade Safe
Long
by ZeveJL
Will WAX do better vs BTC?Hey guys, welcome to my ALTs analysis (This time I was asked to analyse WAX - 19/05/20): • Fundamentals/sentimental: - Basically what this project is about is to create a main digital exchange for virtual assets, in a decentralized environment - wax.io buy, sell, trade virtual items under 1 platform (Also physical items, but I think this isn’t what really sells the project, as their main focus is basically exchange for the gaming centralized stores according to their advertisement subjects). - Cons: 1. Their White paper was change changed a few times due to different difficulties. And also outdated in many ways like talking about this crazy adaptation for Libta, and others - github.com 2. Their exchange which is in beta, doesn’t really have much to show but except for the new partnership with Topps (physical cards and stickers seller as collectables for brands like Disney, Marvel, Starwars… - www.topps.com) for online collectors (For now only ‘garbage pail kids trading cards - toppsgpk.io) which doesn’t seem to impress me (Why we need it? there is no real sentimental value to this, but who knows, maybe I’m too old for this and the young/next generation kids will grow up with value towards it), and also it looks like their OPSkins project (Before Topps) has died out (0 involvement on Github, and unsatisfied customers occasionally asking them to return them their money about it) 3. Their Youtube channel, I went through some of their vids and promotions, and many links which the provide are un-accessible. 4. They say they try to compete against Steam and other centralized stores, but as for today I just don’t see a possible future for them on that ground, not until we see real big contracts with huge traffic from big names who are willing to try out their system, or at-least some pro gaming indies which are willing support decentralization and willing to use their services. the gaming industry is well too comfortable with their environment, and afraid of changes, but as a fellow gamer I personally would like to see that change one day, so for now the only real thing that drives the price are speculations, and no real use case. 5. They have a staking (as it helps to reserve system resources – cpu, network, and ram allocation to meet the needs of the developers) reward system, which is important, but to me if they won’t show some real use case, these rewards just won’t do, because who needs yet another voting system coin out there (There are way too many)?, and since people mostly holding it for the rewards then there is no real value for these rewards in 2 years… Xd.. - Pros: 1. They keep on trying really hard to show new things coming in, and they always try to get up despite the downfalls and the obstacles on the way. 2. They are actively trying to socialize and show new road maps (like the last one: medium.com) and exciting things coming. 3. Their beta is working, now what they need is actual partnership of gaming industries to build stores on top of their blockchain. They passed the first step with Topps, and prove it works, now I don’t now if there will be real demand for such things online, but their next step is to really sign a first working store on a real game (Or at-least have a partnership with upcoming game) from indies (Who are having hard times with the big centralized platforms)… _________________________________________ • TA: - In overall the big term is pretty bearish, but we are grinding the same area for long while between the strong S/R and the bottom, should we go above it there are many resistances on the way (The cloud and then to create a higher high trend) We user the weekly s10 and the last higher bottom as support which is good!. Should we break above 0.0355 (Above the weekly e21), it most likely will spike up (Especially if BTC will slowly go down or consolidates), and such momentum can grind the weekly cloud inside it with a mid-term bullish pattern (with golden cross confirmation between the weekly e21 and the s10) until tested out to create a bigger higher high, going above it means we are extremely bullish again on this project on the bigger picture as well… - The 4h is forming a nice trend line, should we go below it then the bearish trend continues (Especially if BTC crushes fast or starts it own bull run and exhaust ALTs even more for a long while..) but should we continue with it, then the 4h cloud, and the 4h e21+s10 will give it a nice boost to break this ascending triangle, and if we retest it then this will confirm a nice bullish small-term trend: - If the 4h closes with tiny bullish trend it will give a boost to the mid-term bullish trend to close above daily e50 (brown line), and grind the daily cloud until we see either rejection or a golden cross between the s10 (blue line) and the e50, this will cause us going in the cloud with even stronger mid-term bullish trend, if we continue the trend line then we should break above the daily cloud and the daily e200 (pink line), - Conclusion: There are many “Ifs” here, because we don’t really yet have a bullish momentum (Despite the bullish trend line) on smaller TF (4h) and bigger TF (weekly)… but we do have a momentum on the daily, which means if the smaller TF turn into momentum as well, this will trigger the mid-term to be bullish as well, remember, the trend is your friend, we have a potential here to make a lot of profits between the dips (on swings) if the small term push it up. Now while BTC isn’t doing drastic move is the time for the coin to shine. If I were to decide to enter a position here, I would try longing it vs with an SL behind the last dip candle on the trend (which is also on the weekly last bottom being used as support) at around 0.0297. _________________________________________ • Overall: FA speculation should help to move this coin against BTC falls and bring it to its top 100 potential. Sentimental kicking in, and this project is practically only at the beginning. Every good news should push sentimental to help the TA. TA shows positive daily higher trend, if the small term continues the bullish trend line too then the daily should make a new bullish mid-term trend I like the project idea, hopefully to see more of it. I wouldn’t sit on it for more then 2 years if it doesn’t show strong gaming real life case proof. but I also don't expect it to be top 20, it should be around top 100-50 at-least (Especially if more things are coming very soon)
WLong
by Hedgehog_king
2
Gold Holds The Shine 🌟👑🌟The precious metal not losing its seat against other assets knowing the fact that uncertainties are still spiraling around the world by that pandemic. Every time risk bets work fine but at end plunge back to what it gained and it seems no reason to hope much from risk bets still and market players aren't leaving their hands off from this precious metal. The precious metal is already in the middle of a climb these days back again, and the ongoing COVID-19 market turmoil could provide additional momentum for a longer-term climb. The flurry of interest rate cuts and stimulus efforts from central banks eventually sparking a divergence between equity markets and gold. Can't neglect the historical financial crisis facts when the bling nearly tripled its value from $700 to $1,900 . What do you think we are facing right now? Thanks for reading my idea fellow traders if it added some value in your trading please do support with likes and follow so I can bring such interesting post again for you.
FOREXCOM:XAUUSDLong
by Anatta0
AUDCAD Possible Bilateral Chart Pattern: Ascending TriangleThis type of triangle chart pattern occurs when there are a resistance level and a slope of higher lows. What happens during this time is that there is a certain level that the buyers cannot seem to exceed. However, they are gradually starting to push the price up as evidenced by the higher lows. If you think bulls can take the ball away up to the horizontal line (resistance of ascending triangle) winning against bear and if you sentimentally think buyers can further dominate over sellers and price for this major pair should have more room upward then this idea might be for you. Loonie is still in pressure no matter lately how it dragging dollar (king) lower after some fundamental reason behind the state huge moolah printing of $2 trillion sentiments shifted crazy but we clearly know still oil haven't shown any good result. I reckon sentiment wise Aussie standing at such a point where it may even drag lower greenback in future days more then loonie. Overall I mean Aussie may combat in intensive strength against loonie in the coming weeks or month which let me think about this trade plan assuming there could be a price action way up to that resistance line of ascending triangle at least.
Long
by Anatta0
3
BTC- Safe asset? The moment of reckoning! PA/OF analysistwitter.com All these talks about BTC being the safe asset during the economic turmoil and Financial crisis... It is now the perfect time for it to step up to the plate and rise to the occasion. Is it finally BTC's moment to shine? Let's take a quick look at what happened during the weekend. The fast and furious drop is the result of thin liquidity and IMO, a pure long liquidity grab move. The price did not get violently rejected at the 9.2k because of the extreme momentum, crazy volume, high volatility and overheated buying pressure. In other words, it was not a blown-off top resulting from the overbought status. The price reversed because the lack of short liquidity (Lack of buyers at 9.2k or weak buying power relative to the strong limit sell orders/walls at 9.2k). Therefore, I expect it to be the profit-taking move by whales and, whales are possibly building up more long position through split orders. Fear index is below 20 and the the last time it happened BTC rebounded from 6.5k. Fast and furious pullback with no bounce like this one BTC is currently experiencing cannot last long. I expect at least some relief rebound. If not, 7.2k here we come. Proceed with caution and focus on the HTF when the volatility is high. Please like and follow me if find my post helpful :)
BITSTAMP:BTCUSDLong
by Libratus
3
BTC- New trend in the development...? (sentiment, liquidity)BTC is off to the good start this year! Can it last though? I will spare you the head and shoulders bottom. Let's focus on the sentiment analysis because I think it provides important clues for the potential trend reversal. It is good that BTC broke out of the 6 months downward channel with above average volume on the daily timeframe and also managed to bursted through two resistance lvls in the process. Both are good indicators of potential trend reversal. This price move will be more convincing If the price can manage to close the daily above 8.2k to 8.3k On the fundamental side, Iran news and all-time high hashrate might have something to do with this price spike or it might be the pure technical move. It is still too early to rule out the possibility of liquidity raid even though I suspect most of the shorts at this lvl have been taken out already during last year's Oct price spike. Quick glance at the latest COT report about CME futures indicates that institutional players are still overwhelmingly net short, which indicates the ongoing distribution process. I am waiting for the Bitmex funding rate's green bar to go higher, which could signal the potential bullish sentiment. Backwardation suggests that investors still believe that BTC price will keep going down. Again, bummer here. That being said, it is worth noting that all these sentiment indicators are lagging so it is better to check them again next week if the price momentum continues. I will pay attention to the open interest and volatility and be wary of any big orders in the orderbook in the upcoming days. IF BTC can manage to attack 8.8k to 9.2k and consolidate around that price range, then the bull reversal might be on the horizon. If the price stalls around 8k, it could be a good time to buy on the pullback. Oh! Iran just fired missiles to US bases! If you buy into the notion that BTC is the digital gold and is uncorrelated to the stock market (we could use more evidence on the correlation), then that is one more reason to be bullish on BTC.
BITMEX:BTCUSD.P
by Libratus
2