Log in

Tag: trading

Bitcoin Bounces After Closing CME Gap! Was That the Bottom?

July 2, 2019 Published by

Bitcoin dropped just below our $10,000 target, closing the CME gap and bouncing nicely. It’s backed by a nice spike in daily volume.

Screen Shot 2019-07-02 at 1.00.34 PM.png
Screen Shot 2019-07-02 at 1.02.07 PM.png
Screen Shot 2019-07-02 at 1.12.43 PM.png

In today’s video I discuss where price may be heading next, key areas to watch, traps to avoid and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

Workin

If you found this post informative, please:

upvote.gif

Get paid for viewing ads and Support the Crypto Ecosystem with Brave Browser. Free download here:
https://brave.com/wor485

YouTube: https://www.youtube.com/c/workin2005
Twitter: https://twitter.com/workin2005
Facebook: https://www.facebook.com/Workin2005
Feature Image By: Saul Gravy

Can Nvidia Get Back To $200 This Year???

July 2, 2019 Published by

Nvidia (NVDA – Get Report) has been going through a volatile time over the last nine months. Can the company find some better rhythm in the second half and help give its stock a boost?

Long-time investors are hopeful that it can. Monday’s price action helps, with news of a de-escalating trade war giving investors hope that a deal can be reached in the future.

These gains come on the first trading day of the second half of 2019, giving the stock a good start to the third quarter. Nvidia stock is up about 3% to $167 on the day, although it was up more than 5% at one point in morning trade.

While analysts expect a year-over-year decline for both earnings and revenue this year, investors will be focusing to see whether growth is on track to return next year. That will have a big impact on whether the stock can get back above and stay above $200, or if the lows may be probed once more.

Source

Backing October, price broke the upward trend line.

Major weekly zones are far from price currently.

Thus, the currently level in play now are the $190 and the $130 levels.

However, the fact that price couldn’t make a lower low and the fact that the weekly supply is above $200, strengthen the case that price has a good possibility of getting back to $200 by year end.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Forex $1 MM Challenge – Trade #17 (7-1-19) Sold CAD/JPY

July 2, 2019 Published by

The yuan gained and the
safe-haven yen slid against the dollar on Monday as appetite for risk-sensitive
currencies improved after the United States and China agreed to restart their
troubled trade talks.

Although the Canadian
markets closed for Canada Day the continued comments from Iran suggests that
they are unlikely to back down, so if the oil continues to rise, downside on
the Canadian dollar should be limited.

On the news, the CAD/JPY spiked higher, but higher into a daily supply zone.

Monthly Chart (Curve Time Frame) – monthly supply is at 0.05600 and monthly demand is at 0.04600.

Weekly Chart (Trend Time Frame) – the trend is down.

Daily Chart (Entry Time Frame) – the chart suggests to short price at the daily supply at 78.000

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Bitcoin at New Local Lows! Where to Now?

July 1, 2019 Published by

The weekly chart closed yesterday with a nasty reversal candle. Today, as expected, we’re seeing follow through.

Screen Shot 2019-07-01 at 12.37.13 PM.png

Bitcoin has now broken below the 0.5 fib. It’s tested $10K, with a nice bounce. If you scaled that, congrats! It does look like bitcoin will make a second attempt to break $10,000. If $10,000 does break, price may quickly fall to $9,400.

Screen Shot 2019-07-01 at 12.36.10 PM.png

In today’s video I discuss where price may be heading next, key areas to watch, possible targets and so much more. I’ll also answer your questions near the end. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

Workin

If you found this post informative, please:

upvote.gif

Get paid for viewing ads and Support the Crypto Ecosystem with Brave Browser. Free download here:
https://brave.com/wor485

YouTube: https://www.youtube.com/c/workin2005
Twitter: https://twitter.com/workin2005
Facebook: https://www.facebook.com/Workin2005
Feature Image By: Saul Gravy

BITCOIN: Every drop is an opportunity

July 1, 2019 (updated July 6, 2019) Published by

Is the Bull market finished yet? do you think it will go further lower?

It may be go lower but personally I am sure we are in the initiation of the Bull market.

This correction was expected since long already and it is part of the accumulation process. We also have seen the Market reaching 400 Billion recently so we know the potential is there… remember that at the ATH on January 2018 we double that amount…

I am observing carefully the lower line on below chart:

It is, in my opinion, a consistent support (9400 USD) on which rebound can happens but also I think that any level below 10K will be a good entry point.

If the Market is bullish this is the way to sail the waves, however, always do your own assessment and get your own conclusions.

Enjoy!

@toofasteddie

Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

Forex $1 MM Challenge – Trade #16 (7-1-19) Sold USD/JPY

July 1, 2019 Published by

After meeting Chinese President Xi Jinping in Japan on Saturday on the sidelines of Group of 20 summit, U.S. President Donald Trump said he would hold back on tariffs and that China will buy more farm products.

Trump also said the U.S. Commerce Department would study over the next few days whether to take Huawei off the list of firms banned from buying components and technology from U.S. companies without government approval.

The yuan gained and the safe-haven yen slid against the dollar on Monday as appetite for risk-sensitive currencies improved after the United States and China agreed to restart their troubled trade talks.

Source

Monthly Chart (Curve Time Frame) – monthly supply is at 121.00 and monthly demand is at 97.000.

Weekly Chart (Trend Time Frame) – the trend is sideways with downward momentum.

Daily Chart (Entry Time Frame) – the chart suggests to go short at the daily supply at 108.60.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Intermarket Relative Strength Analysis Report For The Week Starting 6/30/19

July 1, 2019 Published by

Instead of looking at financial markets or asset classes on an individual basis, intermarket analysis looks at several strongly correlated markets or asset classes, such as stocks, bonds and commodities. This type of analysis expands on simply looking at each individual market or asset in isolation by also looking at other markets or assets that have a strong relationship to the market or asset being considered.

The US economy is still the largest in the world and the US dollar is still the most powerful currency in the world.  Over half of all foreign currency reserves in the world are in US dollars.  Thus, the asset classes relative strength will be compared to the US Dollar.

Bitcoin

30 Yr Bond

Copper

Euro Dollar

Gold

Oil

Soybeans

S&P 500

Based on the moving averages and the last daily closing price, relative to the moving averages,

the asset classes’ relative strength, relative to the US Dollar are the following:

Two Weeks Ago

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

World Stock Market Relative Strength Analysis Report For Week Starting 6/30/19

July 1, 2019 Published by

The Standard & Poor’s 500 Index (known commonly as the S&P 500) is an index with 500 of the top companies in the U.S. Stocks. Because the S&P 500 Index represents approximately 80% of the total value of the U.S. stock market, it’s the bellwether index for the U.S. stock market. In addition, the U.S. stock market is the largest stock market in the world, it’s also the bellweather for equity markets around the world. The S&P 500 is arguably the most important stock market index on the planet.

Source Image

Because we live in a global economy, the global equity markets interconnected and highly correlated.  However, some will outperformance other in the short term and long term. When constructing an equity portfolio, for the best returns one needs to have the ability and the capacity to assess all the major equity markets around to asset allocation purposes.  However, the first step is to determine the relative strength of the major equity markets, relative to the bellweather, the S&P 500.

DAX (Germany)

Dow Jones (US)

FTSE 100 (England)

Nasdaq (US)

Nikkei 225 (Japan)

Nifty 50 (India)

Shanghai (China)

Russell 2000 (US)

Based on the moving averages and the last daily closing price, relative to the moving averages,

the world equity markets’ relative strength, relative to the S&P 500 are the following:

Two Weeks Ago

SPDR Sector Relative Strength Analysis Report For Week Starting 7/1/19

June 30, 2019 Published by

Sector rotation is the action of shifting investment assets from one sector to another to take advantage of cyclical trends in the overall economy in an attempt to beat the market.  Sector rotation seeks to capitalize on the theory that not all sectors of the economy perform well at the same time because sectors of the stock market perform differently during the phases of the economic and market cycle.

For example, defensive sectors such as consumer staples, utility and health care stocks tend to outperform during a recessionary phase, while consumer discretionary and tech stocks tend to fare well during early expansions.

When you trade, you want the strongest stocks in the strongest sectors, which is why you should monitor sector performance carefully.  With that said, lets determine the relative strength of the sectors relative to the S&P 500 ETF, SPY for the upcoming week.

Communication Services (XLC)

Consumer Discretionary (XLY)

Consumer Staples (XLP)

Energy (XLE)

Financials (XLF)

Health Care (XLV)

Industrials (XLI)

Materials (XLB)

Real Estate (XLRE)

Technology (XLK)

Utilities (XLU)

Based on the moving averages and the last daily closing price, relative to the moving averages,

the SPDR sectors’ relative strength, relative to the SPY are the following:

Two Weeks Ago

Forex Relative Strength Analysis Report For Week Starting 6/30/19

June 30, 2019 Published by

Some of the world’s currencies are accepted for most international transactions. The most popular currencies are accepted for most international transactions are the U.S. dollar, the euro, and the yen. However, the U.S. dollar is the most popular.

And in the foreign
exchange market 90 of forex trading involves the U.S. dollar. Thus, when
assessing the relative strength of the most popular currencies in the world,
it’s always against the U.S. dollar, using the dailytime frame chart.

The “major” forex
currency pairs are the major countries that are paired with the U.S. dollar
(the nicknames of the majors are in parenthesis).

AUD/USD – Australia dollar (Aussie) vs. the U.S. dollar

EUR/USD – Euro vs. the U.S. dollar

GBP/USD – British pound (Sterling or Cable) vs. the U.S. dollar

NZD/USD – New Zealand dollar (Kiwi) vs. the U.S. dollar

USD/CAD – U.S. dollar vs. the Canadian dollar (Loonie)

USD/CHF – U.S. dollar vs. the Swiss franc (Swissie)

USD/JPY – U.S. dollar vs. the Japanese yen (the Yen)

Based on the moving averages and the last daily closing price, relative to the moving averages,

the currency relative strength relative to the US dollar is the following:

Two Weeks Ago

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

September 2026
S M T W T F S
 12345
6789101112
13141516171819
20212223242526
27282930  

Latest Media