tomsabobiz

tomsabobiz

On Gold futures I clearly see this going for new historical highs, but since everyone is joining the ride a pullback is around the corner. Liquidity has just been swept on the 4Hr, so this would be a perfect scenario to squeeze the longs all the way down to a bullish order block/demand zone at 2853,2

03:21

tomsabobiz

I do think that we have a good chance for price to be rejected on these levels before Gold could continue to rise once again. If we look at the daily charts we can see that this level was rejected many times before, so it could also be a good opportunity to take a quick short scalp.

tomsabobiz

This would be at least the 5th or 6th attempt to test the 176.5 level on Monero. If the price breaks below this key level, the next stop could easily be 124. It will mostly depend on how BTC will do in the next few days. In my opinion, the more times this level is being tested, the more chance we'll have that sooner or later this break will happen, and the fall...

tomsabobiz Updated 

Yes, I was shorting BTC in December, but that doesn't mean that I think BTC is going to crash all the way down. There is still a high probability to fall below 42k, but for now we could be sitting in a sideways channel and price could easily test the 50k area too. Lots of good news are on the horizon in terms of the crypto market that could easily help the bulls...

tomsabobiz Updated 

As I wrote about it earlier, I still think there is room for this one to fall further down. Since yesterday we have broken a daily trendline and the price is still hovering below 0.9155 minor resistance line. The dollar was weak across the board today, and I'm looking for this one to finally form new lower low levels. Might be a risky trade here, but since it's...

tomsabobiz Updated 

I'm still looking for this one to form lower low levels and my ultimate target would be the 0.88 level, but for now, I'm still looking for this one to test the trend line on the weekly chart. The dollar is still weak and while hyperinflation is starting to kick in slowly I think we are going to see the dollar index falling a bit more and that can help us to pull...

tomsabobiz Updated 

I'm not really into USDCHF but I can't keep ignoring the fact that on the daily and weekly charts we see a beautiful trendline waiting to be broken or at least tested to the downside. Not to mention the fact that the dollar is weakening across the board... So... Let's see... A nice RR of 1:2 is already making this a sweet trade. Cheers!

tomsabobiz Updated 

So far we failed to stay above the 50k area, and this one could give a small opportunity to take a short trade. Based on the 4rh and 1hr charts we have a potential H&S pattern forming and plenty of space to fall. And I'm still triggered by that long wick from the 4th of December on the weekly charts because in my opinion that one acting like a "magnet" and we...

tomsabobiz Updated 

Since I've just made a nice 1:2 RR trade on BTC, I'm willing to take another one. This recent move was a nice break above trendlines on the 4hr and on the daily chart. Let's see how it will go from here. We do have a higher level of 52k from the 7th of December so let's see if we can do another test and maybe break that level too.

tomsabobiz Updated 

Okay.... So My previous two BTC trades were closed to almost BE. Price action was showing bearish movements in the morning, here we go again maybe for a new possibility to test 50k finally. Let's hope it happens. My RR is 1:2 as always.

tomsabobiz Updated 

I just closed down my long positions at BE, because price action on lower time frames indicate some more bearish movements. We still have that long wick since 4th of December and that bothers me a lot. Also despite the fact that in the past 24 hours 40 billion "new cash" converted into BTC, the big whales are still pulling out big money by the end of the year...

tomsabobiz Updated 

My suggestion is that before the bears or the bulls would kick in, we can see a test of 50k area. Overall it looks bullish for the short term, but I think we still have a high chance to go all the way down to 42k area to these the weekly low of the long wick candle from the 4th of December. Hard to tell right now what could happen, but for now I think the trading...

tomsabobiz Updated 

I just jumped into a long trade, based on the 1H chart, but overall I'm looking it all the way up to the weekly chart, because either way if we are going to fall further down or just going to form a second shoulder on the weekly, we could have a good chance for this to retrace all the way back up to 1.33 area. Looking to a nice RR of 1:2 as always, but I might...

tomsabobiz

Fortuna Silver (FSM) shares fell 21.8% last week on news of the Roxgold acquisition. As we already pointed out (see previous update), this is a solid acquisition for Fortuna. However, the share price decline has created a situation wherein Roxgold closed 5 cents below the implied acquisition price. The lack of a competing bid until now indicates that Fortuna...

tomsabobiz

I hope it goes up

tomsabobiz Updated 

We might see some further drop before it continues to go long again.

tomsabobiz Updated 

We might see a minor retracement to the downside before it continues to shoot back up

tomsabobiz Updated 

This might be a time for the big boys to hunt down some stop losses below before they continue their long trade journey.