Who knows if these lines actually signify anything but lets be honest my predictions are probably just as accurate as the top analysts... and mine are more fun. BIG BOOM COMING! I saw a dude in star bucks wearing a blockchain shirt. That combined with the fact that my lines come together and make a point is a sure sign we finna make some DOLLAS!
Big invest guys.
Uj has shown alot of indecisive price action on the past month, this pair unlike other Yen pairs has shown more bullish arsenal than bearish.
I will wait to see which end price breaks towards in the MONTHS to come before engaging in this market again.
At the moment it is not worth the risk.
ETH has been a fabulous short all the way dwon from 399 in a succession of trades over the summer. Left this one looking for a bounce from 252 and by chance happened to write on it last at exactly this point.
At least shorts were closed out there but really should have reversed long there too.
Easy to say that now of course....
It's afe agin whilst it's...
Sterling has spent all of August in free-fall.
After breaking below the support line at 1.3029 it's finished the week right on the next line of support at 1.2766 after a low on Friday at 1.2723 .
It should counter-rally some more from here, potentially as high as 1.2928-1.2957 at best before it comes off again back to current levels at least.
Bitcoin Update 24th July 09:42 Bst 04:42 Est
The break higher duly came at the rather strange hour of
05:00 Bst and midnight Est. Volume has been quite high
though not spectacular. Not much follow through in London though.
It's the first time Bitcoin has made such a small surge
following a break-out higher and it hasn't reached any clear
FVX Longer Term Outlook for Rates
Since Yellen retired in February FVX has risen to test the the junction of the upper parallel at the same point in time as it hit the fixed resistance line at 29.83. Since then it's been consolidating inside a slowly forming pennant formation with a spike down to the 25.46 line almost exactly before it pushed higher again.
Bitcoin is a cryptocurrency and worldwide payment system.
The first digital decentralized currency, the system works without central bank.
From its first storm, bitcoin roaming around the market with a loud impact. It's a open up for new trends.But it always only be a volatile matter.
In January 2018, 14 major cryptocurrency exchanges in South Korea adopted...
WTI USOIL: June 3rd Trade Points for Week Ahead
Good call/bad call last week here. Was looking to close out the short as the week began at around the 66.48 line and then
reversed long from here looking for 69.48. A forlorn hope.The rally got as high as 68.63 before failing away to end the week
1 pip below the next key support at 65.55 - and busted out...
FTSE 100 Index UK100
Since making a seasonal high on 22nd May FTSE has fallen away down a narrow impulse
wave and chanelled down the smaller falling pair of parallels from the new high.
Whist constrained within the channel FTSE remains vulnerable to further selling pressure
back to the first minor support line at 7691. Failure to hold here will trigger a...
EURUSD Trying For Break-Out Counter-Rally now
Using DXY as the confirming signal (please see DXY updates)
we've been short EURUSD for some time now, looking for a
test of 94.20 on DXY as the likely medium term top for Dollar
strength across the pairs. That came yesterday (too busy
shorting Bitcoin to notice, sorry for that).
But EUR didn't quite make it to...
After consolidating off the 66.48 line but never threatening
long stops under here WTI has pushed 550 pips and more
higher to 72.28 so far. It's a little overbought in the near term
and looks like it will consolidate back to 70.69 and then
bounce 150 pips or so - and then come back again, doing so 3
or 4 times before it pushes higher still.
GDOW Global Dow (USD) Step Up
The Dow Global has made a similar pattern to the Dow itself with a double bottom at 2970,
the second bottom picking up the longer term parallel. Since then it's got itself trapped
within the same triangle formation we see on the Dow, still using the lower parallel as
ultimate support on down-side tests.Whilst it continues to do so...
Bitcoin Coinbase Update 12:52gmt 07:52est
Although it's rallied above the 8768 line and held the the little
retest the rally from there has been very lame so far.
Looks to be waiting for more buyers going into US open. They
need to be there or this long shot will get stopped ...raising
stop to 8810 as if it gets hit it will come back to the 8768 line...