Timeatmode
NEOUSD: Daily trend is up, resuming the weekly rally is possibleI'm waiting to reenter $NEO, looks like we have a good chance to rally from this level later on, after the 8th or the 13th this month, at least...possibly later on as well, but it's yet to be seen how prices align with the timing of pending fundamentals as we move forward. The picture is becoming clearer by the day for me, which is when we start having good results from our combined technical and fundamental approach. Keep in mind the amount of shorts that are trapped here, they can single handedly push the price over $130 easily once squeezed.
You can wait and enter on the breakout, or accumulate positions on dips.
Best of luck,
Ivan Labrie.
SPY: Long term viewThis is an updated forecast chart for $SPY. The weekly chart has more nuances that might help predict the intermediate term turns and corrections, but overall, this is the path that is possible according to the long term charts. I'm long but not buying the market directly, in general, instead I focus on stock picking to try and outperform. Sentiment has been negative all the way up, it's interesting how people's perception is affected by recent events, that shocked them -the 2007 financial crisis-, and many have missed the whole rally since 2009, or lost their shirt hedging or trying to short, buying volatility, etc.
Best of luck,
Ivan Labrie.
TSLA: Ready to resume the quarterly uptrend?I think $TSLA might be about to jump, and continue the quarterly timeframe uptrend. The first target for said rally is interestingly, the same potential target we would get from the weekly trend, which will become active once we break up over the resistance. I bought here for the past two days, aiming to catch the exact bottom in the daily timeframe, after two severe corrections took place in the stock, since we sold at $365 a few months ago. With the potential the Model 3 has, I think a rally from these parts is highly probable.
As a sidenote, cryptocurrencies follow a similar path, with one in particular exhibiting almost the same shapes and timing for all the price action since inception. I'm talking about $ETHUSD, you can check it out on your own, fairly interesting and might be an implication that both will rally together once more, since I see them both as a buy here. Both instruments, although seemingly dissimilar, might be part of the same macro trend, probably related to the spending habits of the young population.
Best of luck if joining us in this trade,
Cheers.
Ivan Labrie.
AUDUSD: Resuming the monthly rally next$AUDUSD appears to have comp0leted a correction and is ready to resume the monthly uptrend. We're long and added here at 0.7850 for the last time, after buying at 0.7835 initially.
The trend in EV adoption is driving flows here I suspect, with an increase in the price of copper, iron ore, cobalt, nickel, and other materials required for different battery types. Australia benefits directly from this, as an exporter of these, iron ore and copper in particular. This could drive the long term rally we observe to be active in monthly charts.
See related ideas for more information.
Best of luck,
Ivan Labrie.
XAUUSD: Gold's retracement endedI think we have very good chances to see an immediate rally off the lows here. I've added my final entry to longs in gold futures today, and I will be monitoring it, and rolling over to the next contract if required, as long as we continue the monthly rally. I also have positions in $GDXJ right now. Overall, I see these as a hedge, but I'm open to ride the uptrend in gold in a more speculative manner with futures as well.
Best of luck,
Ivan Labrie.
GFI: Bought at market open - Huge potential, great fundamentals$GFI is an optimal pick when it comes to gold miners. The valuation is very good, and growth exhibited by the company this year exciting. The situation in South Africa has scared investors away, but I believe it will be a very interesting trend going forward. At the same time, this play serves as a risk off bet, which is welcome in the current enviroment. We are long with a 10% position from 14.09 as of today's open.
Best of luck if joining me on this trade. The monthly trend is potentially up, and there is a chance to confirm a rally to considerable heights by the end of the month.
Cheers,
Ivan Labrie.
Simple index chart: Interesting way to look at crypto chartsI was looking at different index charts we can construct thanks to Tradingview, since a few days ago a client shared a few of these charts, and I liked how plotting LTC, ETH, BTC and DASH looked (multiplied by the supply, to get the market cap values). We have a clear bottom at support in this chart, and we can see that the market caps of all these coins can go up from here onwards, reaching the target on chart, as crazy as it may seem.
Best of luck!
Cheers,
Ivan Labrie.
TSLA: I'm long until it tops...I have a small pilot long in $TSLA that I entered here, but my main interest is flipping short once this signal tops. I think there's a distinct chance that $TSLA breaks into new highs, triggering massuve euphoria, fertile ground for a spectacular short trade. Right now, the daily and weekly trends are up, as well as the quarterly, but, once the daily and weekly top, around 402-408, I think we might see a severe correction, and heck, maybe even a long term buy opportunity, once we cover the shorts at the bottom. Ideally, the correction might be sharp and very deep, leading to a retest of the quarterly mode support.
Best of luck,
Ivan Labrie.
Long from $362, will exit and flip short at $402-408
BTCUSD: Bad News Shake-off & Uptrend ContinuationAfter the 10-week accumulation phase from late May to late July, $BTCUSD sparked off on a supposed 10-week rally upwards. After having hit both first and second target labeled on the chart, price topped just below $5000 on multiple exchanges. Subsequently, almost like pearls on a string, all sorts of negative fundamental news appeared, aggravating us bulls more and more as each day passed by.
By now, $BTCUSD has been subject to so many dreary fundamental news (especially from China), that we were inclined to underestimate the impact of these. In reality, what many of us veterans thought was “FUD”-news proved to be very real, sending price on a downwards continuum.
(I’ve labelled just a few of the fundamentals on the chart as I am sure they can be used as descriptive variables for price developments)
After six consecutive days of downwards movement, I believe price have finally bottomed within the low-volume support zone between $3500 and 3728 with the CCI indicator suggesting the pair being oversold on the daily. I would expect the next couple of days to include some sideways movement before eventually shooting up to the previous mode. From here I would expect $BTCUSD to have three more weeks of uptrend continuation before topping at $6000.
BTCUSD: Updated viewWe had a minor drawdown recently, which is completely normal when trend trading. We primarily follow the existing long term trade, so setbacks like this can make us lose part of the account value. In previous corrections, we managed to hedge exposure or even go to cash and short, but not this time. Even despite this setback, we look to be in track to trend up very soon. See the vertical green line on chart, for an approximation of the starting date of the next daily rally. There's also a chance we jump up from here after 2 days.
I think it's possible that $BTC forms a 'distribution top', where the smart money reduces exposure gradually, on the back of the crowd, that lured by the promise of even more insane future growth, will end up buying the top in this market, for at least 20 months after Novemeber/December. In this regard, everything suggests our long term forecast posted long ago is valid, except that the upside targets have extended to between $6300 and $7600. Expecting enthusiastic forecasts of $100000, and other crazy figures once we hit the top. For now, holding longs, and adding gradually as we get more and more confirmation of this scenario.
Best of luck,
Ivan Labrie.
USDCNH Bottomed / BTC-Crypto ForecastDear traders, I believe we are at a critical juncture here. Quite possibly, China allowing shorting of their currency might have made the $USDCNH pair bottom last Friday. This is no minor news, and if we study the chart we might be able to understand the relationship between the chinese Yuan and cryptocurrencies.
Since 2014, that $USDCNH bottomed, it spent a long time basing, before starting a prolonged bull market. On the way up, said bull market was showing signs of exhaustion, which us, using the Time @ Mode methodology could see and anticipate. ByFebruary 2017, it was clear that bull market had ran its course, at least for a few months. After a period of distribution, with the government making efforts to strengthen the Yuan, severely punishing speculators, forbidding the shorting of the currency, and increasing rates to borrow the Yuan, the market topped and started a strong decline. The signals on chart indicated a fall to at least 6.54509 was warranted, within March/April until November/December 2017.
Since this target was exceeded, it is likely that the market is bottoming, or possible bottomed. This doesn’t mean mmedate upside, but possibly a period of basing in the daily or weekly timeframe might ensue. This aligns with the time duration of the decline, ending by November or December of this year. After the end of November, if $USDCNH bases around here, the market will be ready to surge upwards during December!
How does this matter for cryptocurrencies? Well, the long term forecast I made available long ago, with the only change being the price target getting extended to 6303.98, had a time duration of 20 months, culminating during November/December 2017. This also happens to correlate nicely with the timing of fundamental events that can derail the bull market in crypto like the Segwit2x hard fork, and interestingly, with a period that already started, that of increased scrutiny and regulatory oversight, which might culminate in the start of a 20 month bear market in BTC, which is what the long term technical charts suggest.
Now, what are the risks? There is a chance we already topped, since target #1 in the weekly was hit, and we already saw some pressure from bears lately, but there is a larger probability that the market won’t fall immediately, since I assume that the smart money will need time to liquidate their holdings. How can they buy themselves time now? Maybe approving an ETF for trading in the US, like the Winklevoss, and maybe even the ETH ETF surfaces and is approved...But, I’m pretty sure, that the writings are on the wall, the start of a 20 month bear market in BTC is well overdue, so, I will start taking precautions. First, I will look to accumulate long positions in the $USDCNH pair, as my first move, and econd, I will be ready to hedge or liquidate holdings if needed, to then redistribute to my other accounts in equities and currencies, reducing my crypto position to only 25% of my net worth. If we do start a bear market, shorting might be a profitable endeavor, so, why not?
In the short term, I’m following sentiment and technical charts, to determine if my bullish outlook is correct or not.
Best of luck!
Ivan Labrie.
GBPUSD: Top of the rally here, or at 1.28I'm short the Pound from here with a tight stop. If it confirms the turn, I'll add and reduce my stop loss further. If it stops me out I'll wait for 1.28 to be hit to reshort with a tight stop again.
The downside is appealing in this pair, but if we travel above 1.28 with ease, I'd change my stance and give up on shorting it for a while.
Good luck,
Ivan Labrie.
ETHUSD: Peak ICO negativity sent $ETH back to the accumulationThis is an update of my $ETHUSD long term forecast. We're holding spot holdings in $ETH among other currencies in our crypto portfolio for a good while now. We aim for the targets on chart, it should base here for a bit, before launching higher, as the ICO 'ban' is potentially either reinterpreted by the market as actually bullish, since $ETH is a protocol to run smart contracts harnessing the power of descentralized computing first and foremost -and not an 'ICO scam machine'-, or proven to be falsely reported or exaggerated on some crucial detail. Overall, I think this can resolve positively, but we need to wait and see to know how it actually does happen.
The chart provides us with guidance, and parameters for risk management, as well as potential target zones, which have been reliable and very accurate in the past, so, let's see if we get it right this time. Regulations that could result in a catastrophe for cryptocurrencies exist, and have existed for a long time, but it is up to the regulators doing the interpretation of the 'language' in them, to actually enforce something that might damage the crypto markets -albeit temporarily, but potentially drastically enough to cause a bear market for 2 years, and a severe crypto market cap decrease-.
As always, the devil is in the details, and we still don't know how the ban will be enforced, other than scarce reporting of chiense exchanges halting trading or taking preemtive action, and it isn't yet clear if/when/how will they 'refund' ICO investors. Who knows?? Certainly not me, or the market.
It is key to remember that many of the insiders and market participants might be aware of facts we still don't know about, so many times, they show their tracks in the technical charts.
Shout out to @db3NYa5Vww for the help in interpreting the texts concening potentially relevant regulations.
Best of luck.
Cheers,
Ivan Labrie.
USOIL: Expanding on the analysis$USOIL has given us further clues with the recent developments. After the futures expiration, we had a big drop, but bulls supported the price before hitting levels that would put the rally in danger in the short term. We now have an active uptrend in the daily, and the end of a short term daily downtrend today, which indicates to me that we will see immediate upside in oil. If you for some reason aren't long, you can definitely join longs here, or on slight dips, and aim for the targets on chart, at least. This might end fulfilling a monthly uptrend signal, which could propel oil to the upper 60s, to even $100+-5 as an extreme target.
Check out my previous publications, I have been moderately on point, capturing the extremes of the range, and I think now we might be able to catch the next trending leg, let's wait and see.
Cheers,
Ivan Labrie.
USOIL: Long term and intermediate term viewI'm holding oil longs, and exposure to oil via correlated equities, and looking to ride the upcoming trend. It is likely to see a breakout in the short term, this might ignite a monthly, and potentially quarterly uptrend continuation signal. This falls in line with what the quarterly downtrend suggested, time and price wise. The price target was exhausted ahead of time, and after that we saw a strong rally, and for a long time, we have been in a consolidation and accumulation phase. The expected time to consolidate before rallying was reached now, so, it is highly probable to see a massive rally in oil from here onwards.
Daily charts show an already active uptrend, and a continuation signal after a pullback. Bears might get squeezed in little time. The potential upside is huge, so, don't miss it. If you didn't buy oil yet, you can try buying on dips, or at market open, and averaging in for a couple days with a wide stop under the recent lows. Energy stocks are also a good idea, you would have to do your own research here, but, focus on companies that have strong correlation to oil prices.
Best of luck!
Ivan Labrie.
GBTC: 8 month uptrend active, 8 week uptrend might activate next$GBTC is in a monthly rally, and despite hitting all monthly targets, the weekly timeframe indicates it can march higher, which coincides with the $BTCUSD and $XBTEUR chart data. In this case, the uptrend started off the lows, and confirmed an 8 month rally a few months ago. There's time left, which matches the duration of the weekly signal, all of this is very logical, and gives us more confidence in our positioning.
I reccomend entering longs breaking over a previous high here, or simply at market open. Stop losses are not reccomended, so simply size the trade according to your risk management criteria. I will reserve my exact entry method and sizing to my clients. This trade is specially reccomended if you lack a cryptocurrency account with Kraken or Gemini.
Best of luck if taking this trade with me.
Cheers,
Ivan Labrie.
ARGT: Great long entryI'm long $ARGT indirectly, recently added to all my shares in the local market (yesterday on close to be precise). I anticipate a massive rally from here onwards. People have been pannicking lately, this increased to monstrous levels with the upcoming parliamentary elections, and now the talk of thermonuclear war. Recently I read an anecdote from Mike Epstein, at Tom McClellan's twitter feed. The key point, was that, the market will probably bounce if nuclear war doesn't start...and if it does, who cares if we lose on this trade, right? :/
Here's a link to the tweet, I suck at narrating stuff: twitter.com
Anyway, Argentina is in a very strong uptrend, and the recent pullback is a terrific uptrend for the very significant growth potential it has, discounting political risk and currency risk, if the government eventually delivers. I'm betting they won't disappoint investors.
Best of luck to all of us...
Ivan Labrie.
AUDUSD: Monthly uptrend finally confirmed - Buy the dip$AUDUSD took ages, but finally confirmed the monthly rally we were anticipating. I already rode it up from the bottom practically, but took profits today at 0.8040. I will try to rejoin this once we get a short term entry signal or if we hit monthly support below. For now, I'll wait and watch. The good thing is this is a big monthly trend and the target is significant, so we can get a lot of great daily trend signals on the way up, and countless add on trades too. Great time to trade Forex, after an excruciating sideways period of like 16 months.
Best of luck,
Ivan Labrie.
$USDJPY: Potential weekly shortI like this entry here, long the yen. It's possible to see a sharp decline soon, and here the weekly chart is calling for a short entry with low risk and good risk/reward. First target is 105.402 but it could extend lower, so, just follow the trend with a wide enough trailing stop once in profit matching the stop loss distance here.
Best of luck,
Ivan Labrie.
Wheat: Bottom of the pullback spottedI think there's a significant probability that the bottom of the recent correction in Wheat is in. I'm holding longs and now added my final entry a tad lower than this. I expect a rally back over the recent highs very soon. The crops this year suffered due to a significant drought in the regions where wheat is produced in the US. I think it is likely that this situation continues, and we get a strong rally from here onwards. Shout out to Tim West, who correctly diagnosed this situation with prescience in the KHL chatroom.
Promising trade here, potentially similar in scale to the rally that took place in 1988.
Best of luck,
Ivan Labrie.