As I was saying since a long time my bearish outlook for US and ASIAN stocks has not been changed. We have a major SELLOFF in Asian stocks and expecting some strong downside today in US and EU as well .
EURUSD As I was saying will continue it's fall , technically the EU yesterday bounced a little as investors made a rotation out of safe haven currencies into into risky assets as well with EURUSD we have a H&S top on the dollar but it will bounce strongly today as ALL indices will fall and JPY will be the BIG star in the coming time (already performing quite well whoever followed) .
We have BRN1 (Crude Oil) which is eyeing the psychological price of $80 ahead of US sanctions against IRAN on NOV4 , technically an RSI breakout will take BRN1 at much higher levels .
Earnings in US:Expecting poor earnings in most shares , Monetary policy decisions are due in Europe, Indonesia,Canada. On Thursday, ECB policy makers could also confirm that asset purchases will end this year, reiterating their pledge to keep interest rates at record lows through this summer.
Trading Crypto : Conservative traders should trade accordingly and wait for up/down breakout follow a certain percentage penetration in price . Agressive traders who have a certain bias/direction/plan and strategy and are trading above 35btc positions should keep in mind to use very tight s/l in this type of market .
BTC: SIMPLE!!!!!! As long as stocks will be under pressure and selloffs will occur that will putt heavy weight on BTC to reach lower levels before investors decide to putt their billions in BTC! We need to break 6510 on the weekly candle to reach our 63xx targets as we have been building since last week . I am currently holding a low percentage of core position in BTC shorts since last Monday and will continue with my strategy . Traders who have followed and shorted XRP should keep tight s/p at entry BE AWARE not to get caught scalping when bias is clearly DOWNSIDE!!! ALTS will continue their downfall before confirming a new leg cycle for a bull run very soon and I will confirm with my clients when that will happen!
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Safe trading for everyone!
EURUSD As I was saying will continue it's fall , technically the EU yesterday bounced a little as investors made a rotation out of safe haven currencies into into risky assets as well with EURUSD we have a H&S top on the dollar but it will bounce strongly today as ALL indices will fall and JPY will be the BIG star in the coming time (already performing quite well whoever followed) .
We have BRN1 (Crude Oil) which is eyeing the psychological price of $80 ahead of US sanctions against IRAN on NOV4 , technically an RSI breakout will take BRN1 at much higher levels .
Earnings in US:Expecting poor earnings in most shares , Monetary policy decisions are due in Europe, Indonesia,Canada. On Thursday, ECB policy makers could also confirm that asset purchases will end this year, reiterating their pledge to keep interest rates at record lows through this summer.
Trading Crypto : Conservative traders should trade accordingly and wait for up/down breakout follow a certain percentage penetration in price . Agressive traders who have a certain bias/direction/plan and strategy and are trading above 35btc positions should keep in mind to use very tight s/l in this type of market .
BTC: SIMPLE!!!!!! As long as stocks will be under pressure and selloffs will occur that will putt heavy weight on BTC to reach lower levels before investors decide to putt their billions in BTC! We need to break 6510 on the weekly candle to reach our 63xx targets as we have been building since last week . I am currently holding a low percentage of core position in BTC shorts since last Monday and will continue with my strategy . Traders who have followed and shorted XRP should keep tight s/p at entry BE AWARE not to get caught scalping when bias is clearly DOWNSIDE!!! ALTS will continue their downfall before confirming a new leg cycle for a bull run very soon and I will confirm with my clients when that will happen!
open affiliate account on
partners.finbitex.com
Safe trading for everyone!