BFCMInvest

BFCMInvest

Very short term In line with the other world indices, this upward trend driven by the resumption of American prices will tend to continue. The level to which it will aim in the very short term is the dynamic resistance identified by the weekly EMA200 at an altitude of 20450 points: from here it will be understood whether it will have the strength to continue...

BFCMInvest

New channel The price has once again reached a key level on a weekly time frame: at the price of 1,127 a static support has formed, which tends to bounce the price and keeping it within this channel, with resistance at 1,146. Very short, short and medium term The trend remains bearish in the short term, while in the medium term it continues to be strongly...

BFCMInvest

Macroeconomic side The price in the last sessions is continuing to maintain this lateral / bullish trend without giving too many signs of inversion, supported by a recovering dollar. This week will be essential to understand the short-term trend that will follow both the dollar and the yen: in fact, tomorrow the Fed chairman will make a conference, from which...

BFCMInvest

As previously announced, () Bitcoin is testing a strong resistance. Bulls are trying to break the resistance (already 3 trials in the last hours), but without success. In case of successfull breakout, we predict a spike and a constant growth for the rest of the week. If we do a fake brekouts, instead, it will be really likely that the support (around 3400$) will...

BFCMInvest

Bullish scenario As the last movements of the markets are more than bullish, we could say this is the more probable scenario. We suggest to buy the breakout of the descending resistance and then you have two options: 1) SAFER: Sell in the red area 2) AGGRESSIVE: Hold it longer. We think that after the second resistance breakout, we could possibly visit new highs....

BFCMInvest

The technical side The price has reached the EMA200 daily, key dynamic resistance for the continuation of the trend: an upward break would bring the price directly into the upper area between 7330 and 7520 points; a rejected, however, will return it to test the 6900 points. The result of a " no deal " Brexit   In the last three sessions it seems that this...

BFCMInvest Updated 

There is no doubt that BitTorrent (BTT) has done something incredible in the longest bearish market ever in the crypto space. With its +1.000% gain since ICO, and incredibly large volume since its start of trading on Binance, it is surely a coin to have eyes on. The history is too short to make an accurate prediction on the future price. However, if you have...

BFCMInvest

BNB/BTC (Token used at Binance to have discounts on their fees) has been in a clearly uptrend since December. From experts in crypto markets this chart has SO MANY signs of manipulation/centralization: - The trendline has been so clear and definited, with several attempts of break out. See as example in point "a" how big the buying pressure was at support, and...

BFCMInvest

The price has almost reached the last static support placed at about 2.56 $, after it there is a gap of 30/50 cents that could be covered in the very short term if the level just mentioned was broken downwards. The main trend, so far, has been reversed: technically the EMA20 and 200 periods on medium / long term tf are above the price and this means that the trend...

BFCMInvest

It seems like people is opening more shorts (red line) with respect to (green line). This keeps pressure for the bulls and the price is not showing bounce signals. Keep also in mind that the total shorts opened are still less than total long opened. We suggest to keep short and longs in consideration before making any trade on ethereum, as the price is very...

BFCMInvest

As it's well visible from the graph, the downtrend is dominant in this motion. However, as previously said, the big support in the 3.000$ area is about to act as a recovery start. In addition, there is a high chance to test the mid-term downtrend line, actually sitting at 3900. We strongly suggest not to do any action at this current prices, but a long from the...

BFCMInvest

The price has invalidated the uptrend in the very short term, going to break down the level placed at 1.317, that was a static support that should have rebounded the price and continue the long trend. After Powell’s words, investors continued to sell the US dollar, making it weaken against all the majors. The Fed has been clear: at this moment it is difficult to...

BFCMInvest

The slowdown in the world economy, especially the Chinese one, which is the country with the highest demand for fossil fuels, will have a negative impact on stockpiles, dropping the price considerably. Institutional investors, and not, have started to bet downwards on both WTI and BRENT and it is very likely that this rebound is due to profit taking only....

BFCMInvest

After an infinite bearish trend, BTC is showing less selling power as the all-time low (since Jan 2018) is every day nearer. Our suggestion now is not to short but actually wait and trade at the break-outs. Fundamental Analysis If you like to read online news, you probably have noticed that the news about Bitcoin and the crypto market are so discordant. We...

BFCMInvest

The trend is bearish in the short and medium term, while in the very short it remains lateral. With the last conference of the ECB governor, the investors have been surprised by a sudden change of vision by Draghi, who said that as early as the first quarter of 2019 could start to issue money at 0 interest rate in favor of the banking system since the European...

BFCMInvest

After the profit of the previous LONG trade it is advisable to trade this asset in the same way from this level: as long as the support area of the 2.70 $ holds, the trend remains lateral/bullish. The fundamentals elements are in favor of an uptrend as a new wave of cold is expected and this will influence stocks that will drop significantly. The target zone...

BFCMInvest

SP500 is destined to reach the key resistance before it can determine whether the trend is bullish or bearish. After the December crash, the price is almost completely absorbing the losses and is moving towards the EMA200 passing through the 2690 points: this is the level that will determine the future of this index for the first months of 2019: an upward break...

BFCMInvest

The price is going towards an important resistance area: between 24700 (EMA 200 periods on daily tf) and 24900 points (highest price of the last 4 months) there are resistances that in case they should reject the attempt to break on the upside, they will start again a sales phase similar to that of December. So far, the price is destined to test that area, but,...