URA: Uranium ETF bottomed after a terminal pattern completion?It's possible the Uranium ETF $URA has bottomed here. If this is the case, we can expect a rapid rally as depicted on chart. Odds are low, but risk/reward is significant if this trade works well. You can enter with a tight stop under the lows, or risk 3x the ATR value down from entry.
Good luck!
Ivan Labrie.
Timeatmode
MRK: Low risk long opportunityI think $MRK offers a terrific low risk long here, a great biotech company to own in this particular juncture.
$IBB is acting very strong, there is a monthly uptrend active currently in the sector, so, finding the strongest contenders will yield great returns going forward.
Best of luck,
Ivan Labrie.
CX: Interesting monthly and quarterly signals$CX is an interesting company here. I have liked the negativity surrounding Mexico, and emerging markets since Trump got elected, now we have a solid breakout on strong volume, and a potential monthly and even quarterly uptrend taking off from here.
$CX has had strong growth in the past quarter and year, I think it can be a solid performer going forward. Management efficiency has been high, when compared to the average of the past 5 years.
Fundamentals are solid, with a decent 5.9% earnings yield, 15% free cash flow yield, this company might be a great value play going forward.
Cheers,
Ivan Labrie.
LTCUSDT: Litecoin is accumulated, probably sideways for nowLitecoin has been acting stronger than $BTC, I assume it might grind sideways like practically all coins, until all hell breaks loose by August 1st. Most people are worried, or bearish overall, and in the recent bottoms, we saw traders unload long positions in loss, to quickly realize they had fallen for a bear trap. Until fundamental risks aren't out of the way, it is highly unlikely to see a strong trend in the cryptocurrency space, so, safest bet is to accumulate longs with the smart money in your preferred basket of solid fundamental picks in this market. I'll share my entries with my clients as usual, and we will continue to build our portfolio in preparation for the eventual resumption of the weekly rally in crypto, which might culminate in a blow off top, specially if it hits my weekly targets before the long term timeframe time expires for $BTC and $ETH.
The closer we get to 29.54, the safer the long entry in this range...Try to average in gradually, specially when traders become vocally negative, and specially if oversold, on dips.
Coins like $LTC and $XRP, have been accumulated for long periods of time, and might be extremely resilient, despite being affected by short term volatility and bear traps/shakeouts during periods of negativity.
Best of luck,
Ivan Labrie.
Disclaimer: I'm long $LTC, $BTC, $XRP, among other currencies and tokens.
Oil: Might have bottomed here, next week the downtrend expiresAs discussed in the KHL chatroom, it is likely that oil has bottomed here, considering the sentiment extreme and the situation in Saudi Arabia, with Mohammed Bin Salman appointed as the next in line for the throne, replacing his uncle: www.bloomberg.com
This is an interesting signal in its own right, maybe signaling a bottom, which Tim West pointed out as logical. Sentiment is very negative, with analysts claiming oil is basically a 'worthless commodity'...do your own due diligence.
Good luck!
Ivan Labrie.
BTCUSD: UpdateI think we will see a sideways range in $BTCUSD, as anticipated in my last publication. Having bought a position very close to the recent correction bottom, I can comfortably wait it out until the weekly trends are ready to rally again. The timing for this event interestingly approaches August 1st, so, it makes me think the market will grind sideways for longer.
There are two targets I came up with, after processing information from weekly and daily charts, which indicate that we can hit prices between 4000 and 6000, so, it won't surprise me to see prices rally rapidly, once fundamental risks are out of the way. I aim to build a 20% position in $BTC by then.
Longer term charts imply a rally is likely all year, which is even more interesting, since the SEGWIT2MB date for a hard fork would be by the end of the year, this could be a cause for a correction or consolidation, cooling off after a 2 year rally.
Cheers,
Ivan Labrie.
Silver: Bottom spottedI think we have reasonable chances for a bottom in silver in the intermediate term, and with lower odds, long term.
We went long today, at 16.569, with tight stops, and we aim to capture the daily trend, which appears to be turning to the upside sharply.
I'm also in long term positions in gold, and also entered an intermediate term long in it today, at roughly 1250.
Best of luck,
Ivan Labrie.
XRPUSDT: Uptrend still active in the long termWe have been accumulating $XRP positions lately, and now awaiting the breakout by the 26th, courtesy of potential announcements that will take place during the European Money 20-20 conference, and/or the interledger meetup in Geneva on the same day.
Here are some links:
www.meetup.com
www.xrpchat.com
Potential upside is tremendous, as derived from the T@M signal on chart. I expect the rally to rapidly progress after the 26th.
Best of luck if joining me and my clients on this trade.
Cheers,
Ivan Labrie.
TWTR: Shot in the dark...Maybe this time is different. I'm back in the $TWTR long trade, with a small 2.95% stake in it. I think there is a chance to start a rally from here, after the recent daily downtrend time runs out tomorrow. While above the levels in yellow, we could trigger a monthly uptrend, at any time, so, it is a good idea in my opinion to enter prematurely, and see if we gain traction. Perhaps stories about acquisition finally surface, and this time, we do hit our top targets succesfully. Potential monthly upside shown by the red dashed lines on chart, by year end.
Now that even my president uses $TWTR for policy announcements, maybe things become more positive for the company.
Cheers,
Ivan Labrie.
Mexican Peso: Weekly uptrend triggered, above resistanceThe Mexican Peso is now trading above the US Presidential Election key resistance level. Price could soar from here, we can enter longs and add on dips, or average in during a few days to a month. Returns are over 10% at the very least, in the coming 2-3 months.
Negativity against the Peso kept many traders skeptical of this rally, all the way up. This is usually the case with any trending market. It's key to identify which are trending to ride significant moves. We can find very low risk entries using the T@M methodology created by my mentor, Tim West.
Best of luck,
Ivan Labrie.
DXY: Logical bottoming area according to KHL and T@MThe Time at mode analysis of the dollar shows an exhausted downtrend in the weekly, hitting a long term uptrend support, paired with extreme pessimism according to RgMov, which is a trend and sentiment analysis proprietary indicator that we use to assist us in our trading decision making. I think the dollar can bottom here, and this could prove to be bullish for US equities. Interestingly, I see gold, oil and other commodities like corn as potentially interesting on the long side too. I mostly use gold to hedge my risk on trades, so I don't mind buying it when the chart gives an opportunity, even if I lose, since it means that my risk on trades will cover that loss more than handsomely.
This chart was born out of a discussion with @zhipengcfel in the KHL chatroom.
Feel free to stop by or contact me if interested in the methodology that we use, which was created by my mentor, @timwest.
Cheers,
Ivan Labrie.
ETHBTC: Chillax, once more...I'm flat and monitoring the action in $ETHBTC. I think we need to get some kind of sentiment reset to be able to buy it again. In general, I don't advocate shorts in cryptocurrencies, it is a lot more productive to trade the long side only. There are some fundamental risks at play, which would be interesting to see Vitalik Buterin and friends iron out succesfully. For now, I remain skeptical, and the market's exhuberance doesn't do much to calm my anxiety. I will let it form a new buy signal and follow the developments closely to buy back when viable.
Best of luck,
Ivan Labrie.
XBTEUR: Sideways consolidationPeak sentiment helped us find the top a few times. The last one was a nice bear market in BTC for a few days. I covered my shorts, and bought part of my BTC position (10% of net worth). I aim to have a maximum of 25%, after we get all the scaling news out of the way, and once we have a new weekly uptrend signal. For now, we are under pressure, and we might see a volatile sideways range ensue.
The daily chart shows a potential uptrend starting, which points to a sharp 10 day advance, today being day #1, which could top and reverse back down to support, be it at the starting point of the move like the previous 9 day rally, or maybe to the 2170 mark.
I noticed people were starting to become negative a day ago, when we were hitting support, and traders who were complaining about being in cash, and even worse shorting, started to complain about NOT being in a short anymore, and missing this action. This is typical behavior at turning points. The thing is that sentiment is rapidly switching, turning 180 degrees over the course of 2 weeks...Interesting to say the least. Combine the crowd behavior, with the fundamental information available to us from multiple sources and we can paint a vivid picture of what's going on, and what we can expect from this or any market.
Best of luck,
Ivan Labrie.
ps: this is the signal I sent to my clients to long: imgur.com "Let's try buying a 10% long in BTC now. We will add back to longs gradually."
XBTEUR: To the gamblers, latecomers, and bubble chasersI think it's a good time to reevaluate divesting from crypto once again. We have considerable risks, yet no one even bothers thinking about them. Anyone aware of fundamentals knows that we can see some nasty scenarios in the coming weeks and months. I would reccomend taking a break from crypto, and for instance, holding only 25% of your capital in it, be it in the shape of some cryptocurrency or cash at exchanges. The former induces risk from potential volatility to come, the latter, from 3rd party risks. Either way, it is a risky proposition, so however you look at it, try to use reason, and not emotions to decide how to protect your wealth. Upside vs downside risk favors being in cash, or even short. Fundamental risks, and sentiment extreme in BTC, and the broad crypto markets make me think the technical setup is likely to materialize, and that we can get a correction any time soon. Perhaps after June 16th, since that is the earlierst known date where we might encounter 'scaling risks'. After August 1st, some risky scenarios might ensue, some of which could cause difficulties to exchange operators, and all of which can cause this market's value to decrease significantly.
The technical chart called for a rally to 3000 euros, by the end of Dec 2017, or sooner. In this case, I could assume that we have two main scenarios going forward:
#1: The time duration of the rally is valid, and we get continued upside. This doesn't imply a correction won't happen. The market can take many detours before finally topping by year end. Sentiment and shorter term signals would be our guide, to navigate trends while risk/reward is positive in the short term and sentiment still negative or neutral. Sentiment is extremely bullish now, which is a contrarian signal and a cause for concern for any astute investor. In this positive scenario, we get a healthy correction during this time and going into August events, and maybe lasting for a while longer until sentiment resets, everyone panics and we bottom in the weeky timeframe again. Then we launch into a rally for the duration of the year again.
#2: This was IT, the crypto bubble peaked, we get a nasty 2 year+ correction or consolidation akin to 2013 to 2015. If this is the case, which I fear might be, we might never hit the 3000 euro mark or we hit now before the time expires for the long term rally. This could easily form a top any time soon, and the fundamental events to come would exacerbate the selloff causing the newcomers to lose all their money, longs to get margin called, maybe some exchanges to go bust, and then get a continuous chain of negative events, and increasingly negative sentiment...some possible events include problems after the scaling solutions are implemented in BTC, ETH facing technical design problems that cause the rally in it to peak and massively decline back to monthly support at 11 eur after PoS gets delayed again, China to regulate ICOs, maybe harsher regulations take place broadly accross crypto markets globally, etc.
People should be wiser investors, and not gamblers who chase momentum. This never ends well, or at least is not a wise investment strategy. The insanity in sentiment has made people very critical of my work, I get ridiculed, insulted, mocked often. When all is said and done, I might be proven right, to the permabulls dismay.
Disclaimer: I think BTC and cryptocurrencies are of tremendous utility in the world, and a new asset class in their own right. I would like to maintain 25% exposure to this market at all times, but it's wise to diversify into 3 other asset classes to store and grow your wealth. (local and foreign stocks, bonds/gold/silver, cash, real world businesses/passive income sources). Specially after a huge win in one market, pour the gains into equalizing your exposure in other fields.
DASHUSD: Potential upside is significant stillThis is my updated analysis for $DASH, seems like we have a new uptrend signal kicking off today. The action is very explosive and suggests immediate upside. The weekly targets are potentially 2, $280.3 and $646.28.
The quarterly chart implies that upside to $757 is possible too. I am long $DASH, and will look to ride this trend as best as possible while it lasts. The fundamentals of many altcoins present opportunities, specially when paired against a $BTC short, so, it is a good time to trade the BTC ratio pairs.
Comparing $BTC's current scaling and sentiment exhuberance risks, with other offerings in this space risks, which are better in your opinion? Comment below.
Best of luck,
Ivan Labrie.
SHCOMP time at mode analysis (2017-06-08)A 14 months mode is formed in SHCOMP. It seems that it got supported on the key hidden level.
The projected price target and time target are labeled in chart.
Good luck for everyone!
XBTEUR: Top didn't last long...China rescued bullsIn my previous chart I had determined that Bitcoin was due for a correction, due to sentiment and a potential weekly top signal. What I didn't account for was the impact of unknown news at the time, of the timely addition of ETH to the big three chinese exchanges (Huobi, Btcchina, Okcoin) and also, a few days later, the normalization of Bitcoin withdrawals from these sites. This together with the current japanese and korean craze, triggered a failure of the forming distribution, and created a bullish signal (which I missed). Prices have continued to progress higher but now we approach the forecasted time and pice targets for this rally. I wonder if we do get a correction after this since people believe Bitcoin can rise forever, pretty much, and are openly mocking sellers.
There is a potential fudstorm coming, as people in this biz would call it, associated to the scaling debate, that is bound to intensify. Since I have given up on shorting, it is prone to correct, which would frustrate me and other bears who got margin called recently (I simply got out of shorts unharmed, but some big players got margin called at okcoin lately, in the order of 13 million dollars+). Seeing a new daily low, specially after this rally time and price are exhausted, would potentially be a valid short signal to take with a tight stop above the highest high. Try not to risk more than 1%. I would even go as far as to risk only very, very small, like say 0.1-0.3% but it's up to you. Once we get the actual top, and after June's monthly close, we can determine two levels to potentially cover and buy back into long positions, ideally by July 31st or later. There is a date set for Segwit activation, by August 1st, which interestingly coincides with the time required to absorb the supply after the end of the last weekly 'Time @ mode' uptrend signal expired, so this would give us extra reassurance to go long by then if conditions are ripe for it (ideally paired with extreme bearish sentiment, which could come in anticipation of all the risks the scaling solutions present). This is a good article for people unaware of potential risks that could become a concern, once investors remove their bullish blinders (if they ever do): medium.com
Best of luck,
Ivan Labrie.
TM: Toyota is very cheap hereGreat low risk buy setup in $TM. You can average in during 3-5 days here, risking 3 avg ranges down. I think $TM has a lot of upside, and the Range Expansion day out of support kicks off a nice uptrend signal here too. Both valuation and technicals align, giving us a great low risk trade.
Best of luck if taking it,
Cheers,
Ivan Labrie.
Gold/Bitcoin: Gold is cheap, relative to BitcoinJust a heads up, there are many easy ways out of crypto and into gold, it wouldn't shock me to see metals going up, with all this new crypto wealth that was created this year.
I'm holding some physical positions, and looking to stock pile some more.
Might be a good idea.
Cheers,
Ivan Labrie.
Gold: Potential daily/weekly/monthly rallyGold is now rallying sharply and above the mode of these 3 timeframes, already triggered a daily rally, will confirm a weekly uptrend on close this week, and can trigger a monthly uptrend next month.
I'm holding physical and paper positions, and looking to add periodically when viable. This trade is meant as both a hedge for my equity positions, and also a take profit from cryptocurrencies after massive gains this year.
Best of luck if following this idea and my previous gold long reccomendations.
Cheers,
Ivan Labrie.
LTCUSD: Coinbase data suggests we can rally to at least $70At least, during the next 2 weeks. We are holding longs, and looking to add to profit from the longer term uptrend in this pair.
Litecoin has many interesting features currently, and is poised to rally to $223 within the next few months. I plan on holding and adding on dips when viable, to further maximize profit potential of the trend.
Best of luck,
Ivan Labrie.
XBTEUR: Long term forecast updateI have corrected my weekly chart for $XBTEUR, since I had made a small mistake on the intermediate term forecast. The weekly chart shows we can rally for one more week here, before getting a consolidation or correction, and the target for it matches the long term top target for this pair. There is a catch, if we convert the Bitstamp long term target, from USD to EUR, we get roughly to 3000 Euros for the top, so, I am inclined to aim for this lofty target in this pair as well. I will continue to hold BTC, and add if we get a correction in a month or so. My goal is to maximize my exposure to BTC when it counts, which is, right at the end of a correction or consolidation phase. So far, my timing using Tim West's proprietary trend analysis and trading methodology has been impeccable, so I expect it to continue to work until this trend tops.
Best of luck,
Ivan Labrie.
AUDUSD: Potentially breaking above the monthly resistance soon$AUDUSD appears to be about to rally for the intermediate to long term, judging by how the pair has been acting lately, as well as how fundamentals are setting up. With oil in a strong advance, commodities are potentially rallying higher, which would boost currencies like the Aussie dollar.
The technical chart here shows the pair is coming up after being heavily oversold and very washed out, with shorts covering, helping bulls lift off. Weekly and monthly charts show good potential, with a monthly uptrend signal pending confirmation as a potential development, as well as a weekly buy signal from Tim West's proprietary indicators.
Best of luck if trading it, and ideally, trade the long side with me.
Cheers,
Ivan Labrie.
Disclaimer: I am long $AUDUSD.