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Tag: trading

Forex Analysis Report 2-5-19…Goldman Sachs Expects More Declines On USD/CAD

February 6, 2019 Published by

Analysts at Goldman Sachs offer key technical levels for trading the USD/CAD pair in the coming days.

“The next interim support is down at 1.30-1.2974; includes the April uptrend as well as a 1.618 extension target.

There are a few technical resistance levels down to 1.2890 but believe there is scope for a decline.

Consider selling into 1.3282 no higher than 1.3350. Confidence below 1.3206. Next in focus 1.3120. Scope to retrace between 1.30 and 1.2878.

Source

I have been trying to short the USD/CAD for several weeks because I too think there is more downside risks.

Forex Analysis Report 1-27-19…Will The USD/CAD Continue To Rise??? – Part

BITCOIN may have reached already its bottom

February 5, 2019 Published by

This is the BTC/USD weekly chart (BITSTAMP Exchange) and Relevant Strength Index Oscillator aka RSI indicator.

What could extract from this chart?

We can see clearly 3 long BEAR MARKETS despite since 2012, Bitcoin has crashed and rise 13 times with many of those falls larger in percentage terms than the latest 2018 correction.

Also, having a look on when the RSI has marked an OVERSOLD condition, it seems evident to discover that the first and the second LONG BEAR MARKETS finished at the very same point on which RSI touched that condition:

Actually if we zoom-in, the BEAR MARKET 2 touched two times

Bitcoin Technical Analysis: CONSOLIDATING BEFORE NEXT MOVE

February 5, 2019 Published by

Bitcoin continues consolidating right on top of the 0.786 fib level. It’s been testing the top of what appears to be a falling wedge, but has yet to break out above. Volume remains weak.

In today’s video analysis I discuss, where price may be heading next, a possible trade setup I’m preparing for, 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/workin/) 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

Unusual Options Activity In Mattel

February 5, 2019 Published by

Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide including, but not limited to: Barbie dolls, Matchbox vehicles, WWE Wrestling, Minecraft, Toy Story, Fisher-Price, Mickey Mouse Clubhouse, Power Wheels and America Girl products.

Oh and my wife and daughter would kill me if I knew and didn’t mention  Mattel announced earlier this year that it had reached a worldwide licensing agreement with South Korean boy band BTS where Mattel will produce dolls, collectible figures, games, etc.  BTS hasn’t penetrated the US yet, but in South Korean, its fan club has a waiting list and those wishing to join

Crypto Contest February 5: Metronome

February 5, 2019 Published by

Metronome (Bittrex: METUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Metronome began a wave one advance on December 13, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 7 this year, and the red wave two (blue sub-waves a-b-c) correction ended on January 28. If this wave count is correct, Metronome should be heading next towards the January 7 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Metronome is focused on making greater decentralization possible and delivering institutional-class endurance. BlockWolf covered the token back in

Unusual Options Activity In Pitney Bowes

February 5, 2019 Published by

Pitney Bowes Inc. offers customer information management, location intelligence, and customer engagement products and solutions in the United States and internationally.  The company provides commerce solutions in the areas of ecommerce, shipping, mailing, and data.  For example, their solutions help small businesses compare package rates between carriers to best meet their customer requirements and deliver like the big guys.

Today I noticed unusual options activity in Pitney Bowes.  In particular there was of ton of put option buying at the $6 and $7 strike price that expires on February 15th.  Thus, there options are considered very short dated options that expire

BITCOIN: The Eternal Falling Wedge

February 4, 2019 Published by

For the moment, BITCOIN is keeping a constant volume around 5.4b$, the “Falling Wedge” pattern still seems to be the more adapted to the current chart.

RSI oscillator moving inside the “safe” zone, nor oversold neither overbought conditions are in play.

As you can see in the chart, an “A-B-C” correction is still on going, last leg, “C” seems to be composed by 5 sub-waves from which the 5th is just in formation. This Five waves are disposed in a Falling Wedge Pattern which, as soon as BTC reaches the vertex , the likelihood of having an upwards movement increases.

In my opinion,

Metal Analysis Report 2-4-19…$1330 In Sight – Part 2

February 4, 2019 Published by

About one week ago, I talked about Gold and how the next level gold was going to was the $1330 daily supply level.

Metal Analysis Report 1-26-19…$1330 In Sight

So after basing for the last three weeks, gold finally broke out and closed above the pivot high. Next stop $1330…but this is only the 1st stop.

Gold finally hit the daily supply at $1330 and as the chart suggested, is pulling back.

“We are big gold believers here. Now gold is at $1,300, we think gold is going to $1,400-$1,500. We suggest that everybody have a little bit of

Crypto Contest February 4: Metaverse ETP

February 4, 2019 Published by

Metaverse (Bitfinex: ETPBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, ETP began a wave one advance on March 18, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 14, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 28 this year. If this wave count is correct, ETP should be heading next towards the October 14, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Metaverse is a decentralised open platform of smart properties and digital identities. The Next Big

Forex Price Action Baby, No Technicals or Fundamentals…Trade #2 – Sold NZD/JPY

February 4, 2019 Published by

10,000 Foot View – 4 Hr Chart

Zooming In

What I like about this zone is its a level on level zone. Meaning as price left the zone it actually formed another zone as indicated by the yellow circle. Price has already reacted to this lower zone as indicated by the wick (pink zone) denoting sellers in the area.

Because price has been making higher highs and higher lows, this is a counter-trend trade. The trade set-up is offering at least a Reward to Risk ratio of 3:1.

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