As explained on the chart, we have bullish momentum but because of the uncertainty in the market we may witness another gap in the market. When it comes to these situations we personally stay away from trades like this. However, we have set up safety levels in the market. If the trend line is breached and price closes below we can see further bearish momentum....
ANY PULLBACKS INTO THE RED ZONE I'LL BE LOOKING FOR A BUYING OPPORTUNITY. THE POUND WAS UNDER PRESSURE FOR A COUPLE DAYS BECAUSE THERE WAS UNCERTAINTY BECAUSE OF THE ELECTION. NOW THAT THE ELECTION IS DONE SOME OF THAT UNCERTAINTY WILL BE REMOVED WHICH WILL STRENGTHEN THE POUND. ON THE FLIP SIDE OF THINGS CANADA ELECTION IS COMING UP THIS AUTUMN SO I EXPECT THE...
The Bter phenomenon was one of a series of failings in the bitcoin exchange market that could empower the bears in the future. The market is now back in the "Zone of Uncertainty" where we've spent the majority of our time since bottoming out in the $160 area. Within this area, it is very difficult to predict price action, although we have had a couple of good...
Here's the script. Been drawing it for about ten minutes and it's already being followed so you know it's 100% accurate. Seriously though, inverse maddies, short squeezes, dumps on rallies, fake ups...this zone is just rinse and repeat and it won't stop until we leave it. Personally, I'm don't think I'm going to be taking any positions until we leave this range....