Now this an interesting one,
Traditional Markets Closed last candle very bearish as shooting star and with selling pressure,
also we closed below the previous candles close, indicating more bearish momentum,
We also confirmed the 4 drive bearish RSI divergence, which is hefty
After the first bearish divergence we had on the monthly we crashed about 21.13%,
Bitcoin refuses to go lower; the 50 EMA acts as support and holds the coin above $13,000.
On Tuesday, Bitcoin broke its short ranging period between $12,650 and $13,350. The coin went up to $13,850 but failed to achieve a vital breakthrough at the $14,000 level.
Coronavirus and Bitcoin
BTC’s failed breakthrough and subsequential downturn may be in part due to...
I feel first target is consolidation up towards 14k ish if bullish breakout its 20k easy otherwise we go down to channel bottom at 12k ish. Double top at 14k and monthly bear down to fib and/or wicks down to liquidate margin longs are possible, tons of fake outs and generally spastic price action.
At 14k im gonna put 30-40% of my portfolio at stop loss to take...
It would double catastrophe for the GBP if they dont sort out their poor handling of Corona pandemic and also a no deal Brexit
the Immediate effect to the GBP would be lows never seen for a long long time
As we can see on the chart we have broken through the upward channel and we are ready for a correction. The correction on theory should have the TP1 target, but I think there is something else that could be going on. I have the following fundamental reasons for thinking that we will see much deeper drop:
- The elections are comming in America and this creates a...
I think we are ready to drop.
Amazon and other stocks such as Tesla, Lime, Xiaomi are ready to correct.
Perfect time, a little sooner than the expected Corona problems which will come in October and the US elections which will cause uncertainty.
USD will rise in price as well. Interesting times!
4H Inefficiency > Daily Inefficiency.
This upwards channel is slowly losing momentum. It managed to drop pretty quickly but the climb back to the 4H inefficiency has been extremely long awaited hence the expectation to break this channel.
Will set multiple targets for this trade if we do get triggered in.
In this analysis I will explain some fundamental concepts about the S&P 500 and how to prepare for a trade in this new week.
The S&P 500 Index is market cap weighted. This method divides the market cap of a company by an index’s total market capitalization to determine the weights. This results in a weightings ranking that matches a market cap ranking.