ORNUSDT PT $15.50This rally should start an uptrend
EMA x SMA, 4H stoch bottom, Eth holding support, Btc consolidation, and SEC Btc ETF push back till summer along with inflation expectations and rate hike talks. Look to see more retail in Altcoins and Institutions horde btc as much as possible.
Stimulus
ETHUSD consolidating in a rangeETHUSD 4H chart is looking healthy with a bullish cross of the 21-day exponential moving average up through the 50-day simple moving average.
This consolidation looks very healthy and could be just what the doctor ordered to once again make new highs. More stimulus, even if it is much less than 2 trillion for the infrastructure bill, will contribute to more inflation later on in the year making cryptos more attractive as time goes on. Not to mention another stimulus bill to follow that; both I assume will be watered down in order to pass. Inflation will be an issue but the stimulus should cause an economic boom.
Canadian dollar slips to 3-week low, GDP nextThe Canadian dollar has lost ground for a second straight day. Currently, USD/CAD is trading at 1.2634, up 0.35% on the day. Earlier in the day, USD/CAD touched a high of 1.2674, its highest level since March 10th.
It's been a quiet start to the week for USD/CAD, with no Canadian events. That will change on Wednesday, with the release of Canada's GDP for January. The street consensus stands at 0.5%, which would be a strong rebound from the lethargic 0.1% gain a month earlier. A figure higher than the estimate would be bullish for the Canadian dollar.
We'll also get a look at the Raw Materials Price Index, an important inflation gauge. The index is expected to show a strong gain of 5.3% for February, after a reading of 5.7% a month earlier. This reflects pent-up demand due to the Covid- 19 lockdowns in effect.
US yields are on the march, with the 10-year yield rising to 1.77% on Tuesday, its highest level in 14 months. The rise in yields comes a day before President Biden will announce parts of a proposed new infrastructure plan, Build Back Better, a massive spending program which will carry a price tag of between 3-4 trillion dollars. HSBC sent out a note saying that “stimulus and any infrastructure plan are likely to prove to be a sugar rush for the economy”.
Given that such a massive recovery program will trigger higher inflation, we could see bond yields continue to rise this week, which would likely prolong the dollar rally. Biden's massive package will undoubtedly include tax hikes, which is likely to garner strong opposition from the Republicans.
USD/CAD is putting pressure on resistance at 1.2641, followed by resistance at 1.2713. On the downside, there is support at 1.2486. Below, there is support level is at 1.2403. This is followed by the 52-week low, at 1.2365
Bitcoin Signal Is Doing WellGood day guys! I am updating you all on this trade. We are still holding this buying signal, since last week. Make sure to push your SL into profit. I would say around the .786 fibonacci level or 57934.30 price level. This trade turned out to be tremendous for us and those who took the signal. We do see more bullish momentum to the upside, however, a good pullback could come. Remember to secure your bag. Be sure to like and leave a comment below. We appreciate you for checking out our post and remember, we will see you on the other side.
Rodrick (CEO)
Third Eye Traders
GOLD 1680 retest for 1600 floor! Incoming DXY strength from rd3 of the US Stimulus!
Liquidating from 1800 all the way to 1680 we saw a 1 way down turn, BUT GOLD has gained support and looked to test 1740 which it failed the 1st test. This high 1720 area may look to test 1740 impulsively but I do not think it will last.
the DXY strength is not going to last forever just long enough to get the Best Buy in on this 2K gold at 1600s... Gold could further dip and that would allude to the passing of the safe haven torch of GOLD to BTC.
If Gold tanks under 1600s floor look to see all cryptos rise!
IF gold close over 1740-1755 look to test 1800 within 72 hrs.
1714 safe entry for gold short*
TP1: 1693
tp2:1677
Btc 76 144$ Target Big Whales are targetting the next leg around 76 144 dollar
Like you're seeing after the 2 Blue shaved bars(i.e. Whales buying ), we're seeing the next leg around 76k
I see confirmations and fundamentals are very strong :
1. Stimulus checks are arriving.
2.Visa will accept in 70 milion mechants
3. What else do you need ?
The all time high wil be beyond our expectations.
Follow me and hit a like button if you agree.
BTC: Road to the 70,000$ Following the cycle, BTC is heading into new highs. IT'S THE ROAD TO THE 70,000$ . Many economic indicators can help us confirm that:
1- With the Fed holding interest rates , DXY is now bearish although the US economy is recovering.
2- Morgan Stanley becomes the first big U.S. bank to offer its wealthy clients access to bitcoin funds, giving BTC more importance on the global markets.
3- The US government is still printing dollars, following the historical $ 1.9T stimulus . That's 7% of the US debt's size.
4- An overall sentiment that Bitcoin has a great future and that it can compete other currencies including the US Dollar.
Will it reach the $ 70,000 ? Let's wait and see while enjoying profits !
Trade Safe ! If you like the idea, support us with a like and follow.
MacroForex
SPX's Games of Probabilities/Possibilities/statistic."September"This idea is adjusted for 2020's Time Cycle of ABCDE. I think this would appeals to all schools of
analysis weather it happens or no due for many factors !!!
Gold Breakout Is Priming [Repost]We are top down traders and we see price action is approaching the macro trend zone. You will notice we are in a bullish flag /channel and this markup is on the monthly time frame. We have been beating the drum on the 1675 level and mentioning how it is a key level we have been sharing with our students. We definitely are seeing price action consolidating around this level and a massive possible breakout. Our Take profit will be some where along 1953. If our analysis is correct, we are looking for gold to rise $250. This will be a 2500 pip move. Let us know your thoughts, we look forward to hearing from you. We will continue to monitor this and update you all. We appreciate you for checking out our post and remember, we will see you on the other side.
Rodrick (CEO)
Third Eye Traders
GOLD BULLS READY TO TAKE CONTROL Gold has been on a bearish trend since hitting its ATH of over $2000 an ounce. This trend has been due for a correction for a long time. Monthly time frame set up our gold sell from 1835 to the 1690s. This commodity is ready to rebound amid the US stimulus package that was announced which will play a part in inflation which can cause USD pairs to take a hit.
Zones to watch:
1740
1780
1800
Buy $WMT - NRPicks 14 MarWalmart Inc. participates in retail and wholesale operations in various formats around the world. The company operates in three segments: Walmart U.S., Walmart International, and Sam's Club.
The retailer's growth strategy so far has led to its US sales growing about 8.6% in the past year, according to its fourth-quarter earnings report last month. Net sales increased 29B million in the year.
Walmart's main growth strategy is building its online marketplace and e-commerce banking, while expanding other businesses, including its advertising, finance and healthcare businesses. His most recent investment was a $ 2.2B capital injection together with Tencent in Rakuten.
- P / S 0.67
- Sales 559B
- ROE 23.90%
Technical:
Support at $ 127
Price settled on MA50
Low RSI Oversold Levels
What is next for BTC now that we have once again broken the ATHBitcoin has just done it again! Braking through it's previous ALL TIME HIGH and catapulting into the low 60k range! Are we surprised? Not in the least.. but what's next for Ol'BITTY NEVER QUITTY! I see 3 main pathways to reaching a new ALL TIME HIGH and the most likely time frame for just that! I have averaged the last 2 main pumps this bull cycle and they're interactions with the 50 EMA on the 4hr chart (my personal favorite). On Average the amount that Bitcoin went up was ~47.3% and the time frames between 50 EMA touches Averaged out to 9.75 Days! or 9 days 18 hours. These 2 averages combined allow us a clear view of the short-term expectations for Bitcoin and some excellent potential returns! Good Luck out there and HODL!
US10Y Yield Will Show A Growth In Broadening Wedge To 1.75%Throughout the last one month, I noticed that US10Y has been trading within an ascending broadening wedge chart pattern, and has been respecting the two diverging bullish lines that form its dynamic support and resistance extremely well.
After bouncing off the dynamic support of the ascending broadening wedge, US10Y is now halfway through its growth towards the dynamic resistance. I expect this growth to continue and hit around 1.75% by the end of March.
It is also interesting to note that if US10Y continues to move within this ascending broadening wedge (assuming status quo on a macro level), we are potentially looking at 2.5% to 3% yields by mid-2021.
I used mid-2021 as a reference point because this morning, I came across a Wall Street Journal article stating these:
"Economists in the Journal survey said they see annual inflation rising to 2.8% by the middle of this year, then falling gradually after that"
"“Inflation will reach levels rarely experienced over the past decade, at close to 3% in mid-2021, but uncontrolled overheating isn’t likely,” Mr. Daco said."
Source of article: www.wsj.com
So I thought it will be interesting to compare it to the current ascending broadening wedge technical chart pattern that US10Y is current trading within, and it looks like we are definitely on track to those numbers if this continues.
Just some food for thought!
This is not an investment or trading advice so please do your own due diligence!
Support this idea with likes and share your thoughts below.
Bicoin rising wedge, 69K insightRising wedge with higher lows and higher highs.
1.9T$ stimulus passed, inflation growing, rates raised.
69K insight this month.
GOLDWith the US persistent in absolutely destroying its currency I wanted to make a longer term gold chart to share.
I'm not one to typically use indicators, only what I draw for myself. Gold is clearly undervalued. Don't think you can buy gold at the market price, as its going for about 1900/oz in the psychical market.
Personally I recommend buying physical to hold. But as far as market analysis goes have a look to my chart.
Bearish BTCUSDT scenarioIm still new to TA just publishing this Idea to look at it in the future, you should not take this as any kind of advice.
However I think that BTC should correct in the coming days. The blue LSMA reaching 106 is something we dont see quite often. This may indicate that the price of BTC should go lower. And seeing the Green RSI approaching the 50 on 4h candles confirms that the price of BTC should fall lower in the coming days.
But we are still in a bullmarket and with the incoming stimulus check i would be careful to open any short positions.
My target for BTC until 13th of March is 48.900$
S&P 500, SPX, (4H) (1D) Act on opening bell
SPX in 4H seem to have found a new trend towards 4000P, but its tight and could quickly fall of at around 3985/3900 to create a "head and shoulder pattern"
which is usually bearish.
If it hits roof at open on monday im expecting another pullback to 3700 and best case
it continues the trend up with a bottom at 3830.
SPX in 1D seems to have hit the roof already, pointing it towards a bit of a down day on monday.
In conclusion, everything points towards another bearish day, but lets not forget the third round of stimulus check.
Buy or sell on news?
BTC MACD bullish crossing pt. 2With the stimulus right around the corner and all the pointed out technical indicators being aligned perfectly (like twice before in the previous months) It looks like we are ready and set for another round of the BTC turbo surge. Expecting a new ATH pretty soon.
Yen falls to 10-month lowThe Japanese yen has started the week with considerable losses. Currently, USD/JPY is trading at 108.82, up 0.51% on the day.
The yen's woes continue, as the US dollar continues to beat up on the Japanese currency. USD/JPY has jumped 5.6% since January 1 and is pressing on the 109 line, which has held since June 2020. The catalyst behind the recent strength of the US dollar has been the recent rise in US Treasury yields. The 10-year bond climbed to 1.60% earlier on Monday, while 30-year bonds rose to 2.31%. The yen is particularly sensitive to rate differentials between the US and Japan, so the increases in US yields are putting strong pressure on the Japanese currency.
The higher US yields were in response to the Senate passing a massive 1.9 trillion dollar stimulus package on Saturday. The bill now returns to the House for some amendments, and will likely to be signed into law by President Biden by March 14.
Although the dollar's strength is largely due to the increase in US yields, fundamental releases should not be overlooked. A surprisingly strong US Nonfarm Payrolls last week has provided the US dollar with further upward momentum. The gain of 379 thousand easily beat the forecast of 197 thousand, and was the highest reading since October 2020.
Later on Monday, Japan releases a data dump. Consumer spending and wage growth are both expected to show contraction (23:30 GMT). Japan's second-estimate GDP is expected to show growth of 3.0%, confirming the initial estimate (23:50 GMT).
USD/JPY broke above resistance at 108.16 on Friday. The next resistance line is at 109.64, followed by resistance at 110.07. There is support at 106.96, followed by a support line at 105.53. There may be an opportunity for buy-on dips as low as 107.50
3/2 GOLD ANALYSISWhat's poppin trading family,
An updated analysis video on the current state of XAU/USD aka Gold.
Drop your thoughts in the comments below and let me know what y'all think about Gold, and if there is anything you want to see in the next video don't hesitate to let me know, ALL FEEDBACK AND CRITICISM IS APPRECIATED!
As usual, take profits and take it EZ -- I'll catch y'all next week.
- Ray
Break and Retest On The Weekly Chart For Gold? As the week comes to an end I can see that gold has reached a potential break and retest area on the weekly chart. The price of gold could start going up back perhaps even to the previous highs marked by the first gold area of the Fibonacci. For now, we must wait for the forex gods to decided where price action will continue next week. Do you agree? Disagree? I look forward to knowing what other gold traders are thinking.
$TQQQ Market Correction DDThe market was extremely bloody last night, where we saw $TQQQ trading at highs of $98.07 at one point and subsequently closing at $87.90. I believe this can be attributed to the rising bond yields trend we are currently witnessing, particularly in the 5 year and 10 year treasury yield.
Between the start of February 2021 to February 24th, the 5 year treasury yield has been steadily increasing at an average of 0.01 to 0.03 daily, while the 10 year treasury yield has been increasing at an average of 0.01 to 0.04 daily.
However, yesterday on the 25th of February, this skyrocketed. The 5 year treasury yield shot up by 0.19 from 0.62 to 0.82, while the 10 year treasury yield shot up by 0.16 from 1.38 to 1.54. Typically, when the 5 year treasury yield goes beyond the 0.75% threshold and the 10 year treasury yield goes above the 1.50% threshold, the stock market tend to sell off in reaction to that. This huge one-day surge in yield return as a result of a lack of interest in bonds likely exacerbated the sell-off.
I believe that this correction is extremely healthy in a market where a lot of the valuations are rather high; and this is unlikely the "huge market crash" or the "bubble pop" premonition that many investors are fearful for, especially considering the fact that a huge $1.9 trillion stimulus will be incoming.
However, it will undoubtedly do us good to remain cautious and keep some cash on the side because in the short-term, the hardening of yields will likely lead to some volatility - which means more frequent dips for you to average your positions; but more importantly, eventually, the consequences of printing these money will likely catch up to us in the form of record-level inflation and interest rate rise, possibly killing the bull run - and we need to be prepared for it.
For now, I expect growth from the support zone of this bullish channel back to the $100 to $110 range.
This is not investment advice so please do your own due diligence!
Support this idea with likes and share your thoughts below.
