Bitcoin Supports Held Perfectly!Hi guys. Just a quick post to show how perfectly our supports held. We still haven't reached our target zone (see previous posts); however, proper risk management should have dictated that you at least sold a bit of your holdings for profit. I still believe our target zone is in site. And then? One final HUGE hurdle as we look to escape our long-standing triangle from 2017. I don't know what will happen then, but we may have one last down swing (even into the 6.5k range) before the bulls finally win this 2+ years correction once and for all.!
Happy trading!
Technicals
EURUSD Macro UpdateThe Euro has sunk and moved in line with our last market update however our models are now signalling signs of greater downside risk than a short/medium risk reversal.
Macro view
Options
- A bearish shift in market sentiment with put options (bearish bets) now claiming the highest premium in nearly four months
- One-month risk reversals (EUR1MRR) (higher volatility put premiums), crossed below zero on the 10th February and fell to -0.425 last Friday, the lowest level seen since 29th October 2019
Futures
- Hedge funds (leveraged funds) substantially increasing EUR short positions
Thematics
- Dollar bid remain supported under risk aversion
Technicals
- Symmetrical swing into 1.07xx institutional floor likely before any meaningful correction
Our last update
EURAUDafter a massive bearish weekly we anticipate some liquidation/relief/profit taking etc into the 1.65200 zone for the first target
daily - 4hr and so on we are giving signs of exactly this as the 1.610000 psyh zone has proven relentless - (look left)
weekly candle = bearish - play pullback - be patient - secure entries
let us execute this week
cheers.
AUDUSD SHORTSell option on AUDUSD, markets breaking a smaller up trend on the 4hr with clear gravitation towards a very obviously support level on the higher time frames, again, probably a lot of liquidity awaiting around this level. Clear road ahead in terms of fundamentals for AUD, as well as for USD now after having the higher impact releases earlier today, nothing unexpected so the markets not being affected on the higher time frames. We'll look to trail the 50 EMA with our stop as the volatility should stay low for a few days until market close, so once we pass entry and have a minor key level and the 50 EMA as protection we can look to make this risk free.
NZDUSD : LONG TRADE IDEA NZDUSD as been on a longterm uptrend, last week we noticed a pullback to the downside but price has started to move its way slowly back up. Price could potentially return to the 0.67558 resistance level and retest !
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
GBPAUD : SHORT TRADE IDEAFor the past few days, Gbpaud has been pretty bullish forming higher highs and higher lows, An exhaustion of the bullish strength in price can be noticed as sellers take over !
The downtrend should continue for a while before some bullish momentum comes in later days !
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
EURAUD SHORTAll key levels have been identified. Previous trade I posted of AUDCAD shorts was executed to perfection. Moving on to EURAUD here, the 1.632 level looks promising as well with beautiful rejection and alternation between S/R. The second entry if somehow this level fails would be the 1.643 zone where a longer-term move can be anticipated. A low-risk trade with huge potential to the downside in a medium-term swing to 1.597 area. 3 scenarios have been identified and color-coded from my perspective (blue arrow, green arrow, and purple arrow). As always, exhibit effective risk and money management and watch for any news. Leave any feedback, thoughts or suggestions below. Happy new year traders!
AUDNZD LONGLooking for a short and long term buy on AUDNZD with target 1 being approximately 1.045 with a tight 20-30 pip stop from the current price and target 2 being 1.08 area with wider stop (smaller positions advised for this one, payout will be larger anyway). Rejection of rising trend and previous lows.
The REAL dealHello traders, Crypto Crusader here with a small cap analysis.
This analysis is on TheRealReal ticker "REAL"
The fairly recent IPO in June of this year received a listing price of around $30, at the time of this writing, we are trading around the $17 mark. Given how small of a company they still are, there is large growth potential moving forward for a tentative medium term hold (1-3 months). There hasn't been enough time to properly print weekly, along with monthly candles, however, it's important to note that on the weekly time-frame RSI levels are oversold and sit around 33 (the magical oversold RSI #). Regarding daily candles for RSI, we are beginning to pick up momentum and are headed in a neutral direction to 50 given this indicator is a derivative of sorts. A 2 month bottom in RSI when "REAL" hit ~$13 is the parallel I'm using for the 2 month RSI bottom we currently are witnessing. To pair with the bottoming of RSI previously, and currently, we have the MACD VSI indicator. You can see the inflection points along with the convergence picking up pace. The MACD VSI is mirroring what the RSI is representing regarding momentum in price action. To add a tertiary layer to this analysis we have decreasing selling volume, while buying volume remains at a stable level. I believe within my above mentioned time-frame a sell target of ~~$22, while subsequently getting a double bottom fake-out that dies off, and or, a fake-out that would play down to ~~$13 levels, making this trade a massive loser opposed to a fairly decent winner at 40% gain +- 5%.
As I mentioned earlier, this company hardly even has a 2 billion dollar market cap and is extremely small in the retail space and in comparison to their competitors alike, however, their disruption in this market could prove favorable given their system to consignment.
Hope everyone is enjoying an early holiday and spending some time away from their charts for; family, good company, food, and personal hobbies/endeavors.
May the trades me with you,
Crypto Crusader
USD/JPY Outlook (28 November 2019)Overall, USD/JPY is trending upwards. Recently, USD/JPY’s uptrend come to a halt after announcement of President Trump signing the Hong Kong bill backing protesters was released.
Currently, USD/JPY is testing the resistance level of 109.400 and the next support level is at 108.000.
Stay out of USD/JPY for now.
EURUSDAfter a heavy rejection followed by a massive impulse to the downside, I expect some sort of pullback as we get very close to key level of resistance.
As well, with any impulse there must be some sort of liquidation/profit taking & the 50% fib zone seems appropriate,
- but so does any type of pullback so stay cognitive with prices movement.
For all we know the bulls could just be too overwhelming and continue to push down, but anticipate a pullback and make sure you are able to react properly when a decision is made.
EURUSD buy on pullback, take PP and hold onto position till next movement is confirmed. Then from there it's fair game.
Key is patience & execution
Cheers.
Litecoin LONG analysis by using momentum indicators.I believe LTC will breakout along with BTC and it will cross the 30 week moving average at $85-100, then I believe that it will pull back and bounce on the 30 week moving average and push forward to around $175. Similar to what bitcoin has done on the 30 week moving average, broke through and started trading above the 30 week MA. Will it do it like my picture? Maybe not, the time frame could be longer or shorter. I'm just using the image as an example of what I think the next move will look like. You can see the momentum indicators MACD and RSI are bottomed out. The MACD is curving up towards the crossover and the RSI has dropped below its average, all that needs to happen is a swift jump in price and the RSI should cross the average, once that happens price should keep pushing up since the momentum is bottomed out. If volume comes in along with the RSI and MACD crossover, the move is pretty much guaranteed. In another positive note, the S&P 500 and the SPGI are also trending up so right now we just need the volume to come in. Have fun :D
EURUSD- TREND CHANGE LIKELY OR NOT ?
The price of EURUSD has been considerably bearish with more lower highs and lower lows formed and slight consolidatory phases.
However, following l ast month bullish reversal candle formation close ( Morning Star) . It is time to switch the frames in which we look at this pair from. It is time to consider bullish opportunities on this pair that only if It holds above this level (highlighted in blue).
I have drawn a downward channel formation and will be taking any breakouts to the upside serious.
I hope this my analysis helps. FX:EURUSD
BITCOIN SELL OFF TO $6000 BEFORE BUYINGAs bitcoin reacts off a significant daily support level, be not tempted to quickly buy, as this coin is still in a downtrend and has the possibility of approaching the lower trendline of higher timeframes as seen in the diagram and also an order block on the weekly timeframe. As bitcoin thus finds resistance on the daily close, watch carefully as it respects previous resistance.
EURUSD Let's talkOn this pair we got both targets by the end of last week. Price respected exactly our zones giving out good opportunities.
From our prospective the price will retest the yellow zone, probably pushing even higher than the previous high.
we'll watch this pair closely during the week, looking for formation to upside around the neckline N.
Comment below what's your Idea on this pair.
$AMTX - Trend Continuation In Flow Aemetis, Inc. operates as a renewable fuels and biochemicals company. The firm focuses on the acquisition, development, and commercialization of technologies that replace traditional petroleum-based products by the conversion of ethanol and biodiesel plants into biorefineries. It operates through the North America and India segments. The North America segment comprises of the Keyes Plant in California, the cellulosic ethanol facility in Riverbank, the cluster of biogas digesters on dairies near Keyes, the Goodland Plant, and the research and development facility in Minnesota. The India segment includes the Kakinada plant, administrative offices in Hyderabad, and holding companies in Nevada and Mauritius. Its products include glycerin, ethanol, food and feed, biodiesel, and edible oils. The company was founded by Eric Armstrong McAfee in 2005 and is headquartered in Cupertino, CA.
SHORT INTEREST
107.07K 09/30/19
P/E Current
-0.71
P/E Ratio (with extraordinary items)
-0.59
Average Recommendation: BUY
Average Target Price: 2.00