Bitcoin is back at testing a major fib level which has provided with great support and resistance in the past as can be seen on the weekly chart. Going down to the daily chart and this is made more clear: This level is very clear. Trade idea is on the 4 hour: After an uptrend, we have reached this resistance/flip zone. Currently, we have been ranging for...
Will continue to fall after the Coronavirus puts alot of fear on the investors.. During the end of the world you need Cash/Bitcoin, you wont be able to buy anything with stocks..
Coronavirus plus resistance at the top of a possibly overheated market plus doubts over pres election all overshadowing earnings. Market may look like 2015/16 for a year if the bulls dont take over soon.
Coronavirus has been impacted several stocks including facebook stock. As a sign of rejection, many trader losing interest to purchase the facebook stock in a current situation. The fear among the people for the disease spread make this stock having a biggest pullback. From the price of 224 key level, trader rejected for the price to go any higher up of 250...
China has banned selling in their markets, and is desperately trying to prevent a market crash. No one is allowed to sell when the market resumes on the 3rd. Set bid price, no net sell before the 7th. Permission for sales over 10M yuan. Businesses desperate for funds to pay employees, and wants reduced taxes to help with the stress. The Chinese have built 4...
We continue to collect signals in favor of the imminent start of a correction in the US stock market and the collapse of the bubble on it. CAPE (or Schiller's indicator), Buffett's favorite indicator, Hindenburg’s exchange and Titanic’s syndrome, inversion of the yield curve and much more. In addition to the above unorthodox methods, there are also traditional...
The main event of the previous week was not a meeting of the Bank of England or even a decision of the Fed (both the Central Banks left monetary policy parameters unchanged). This is not data on US GDP (annual growth rates have been the weakest since 2016: 2.3% in 2019 compared to 2.9% in 2018), but the coronavirus epidemic in China. Yes, so far the epidemic has...
Coronavirus has damaged financial markets of China. Chinees stock droped almost 7%, economic grow with 2%. Of course Chinees yuan planged after market open today, now trading at 7.0202, next target 7.0719
My analysis on the equity pairs are still intact from the previous week. Called the first swing, and we got it. Can we expect another swing to the downside? Some interesting set ups are on the daily chart. These charts have broken on the daily and are now retesting. These include the Dow 30 (pictured above), the Russell 2000, and the Nikkei. Some charts...
As usual thanks for keeping your support coming with likes, comments and etc... Lets get started with a round of important chart updates coming today (which btw is extraordinarily late after a week ban). I would like you to note the position arising here looks as though its "business as usual" for the dip buyer crowd, whereas sellers are seeking salvation in a...
Been doing research on the progress of a coronavirus cure and severity of the outbreak. My intention was never to look for companies to invest in, I was genuinely curious about the state of the world. I came across an article (replace parenthesis with period): www() bloomberg()...
AUD could break the support lvl in 0.66866 as coronavirus makes china's economy slowdown.
Bitcoin is at a crossroads if the momentum of the EMC is powerful we could see the 1.21 level of fibonacci in the next few days. it would imply a real recovery of bitcoin, we are on top of the daily ma200. otherwise, we will review the 0.78 area of fibonacci to regain momentum that we hope will become a parabolic impus.
gold go to median of bull channel still in long from here
Based on numerical analysis number of Wuhan coronavirus infections in February 5 would be 20,000. This virus could not be under control before February 13 and economy slowdown continues as many companies halted their activities. In this case XAU could break the rising wedge and see resistance in 1612. Support line would be 1570 and 1562. If price touch lower line...
The SHORT for APT is there...just wait for it. Previous outbreaks (swine flu and then ebola) led to predictable boom/bust for Alpha Pro Tech (APT). Coronavirus is just the latest.