(This is not a political post.
Please... No death threats...)
We have seen a notable rise in the US Debt
(in terms of % of Gross Domestic Product)
and each rise is illustred in green color.
Each President in office during this time, belonged
to the Republican Party.
Please look it up and analyze the facts.
Only once do we notice a sharp...
Long consolidation in GBP/USD, followed by,
in June 2016, the UK public voting to leave the EU.
Direct consequence: sustained downturn of the GB Pound,
halted on around March 2017, when the UK tells the EU:
"We are leaving in two years."
After a sigh of relief, the GBP rising somewhat, this upturn
has stalled and the Pound, once again, is heading lower.
An estimation of hashrate distribution amongst the largest mining pools.
BTC . COM 18.2%
btc . com, if you click on the ABOUT US section, it brings you to bitmain . com.
"Bitmain Technology Holding Company (“Bitmain”) is a multinational semiconductor company with state-of-the-art IC design capabilities. Bitmain offers products, including chips,...
From about $300 to now about $11,500 USD in a bit more than 4 years which equals to about 38 times the initial investment.
Comparing that to the S&P500 Index which went from about $3,925 to about $19,500 USD during the same period, which is about 5 times the initial investment.
US OIL (West Texas Intermediate)
By using the Principles of Dynamic Resistance
and Dynamic Support, We initiate Positions
at less crowded Price Points.
The first yellow circle on the top of the chart,
is the first entry given by the principles
of dynamic support.
A dynamic support rises as the price line rises.
A static support remains at the same level,
we can see the time cycles of BTC USD on this 1-hour chart.
we have a confirmed buy when all three main indicators are in the buy zone.
we have a confirmed sell when all three main indicators are in the sell zone.
BTC/USD compared to ETH/USD
if BTC/USD is a market leader in terms of volume & activity
then it is likely that ETH/USD could at some point do a nose dive up
I would be on the lookout for ETH/USD and any sign of unusual activity,
including a minor drop which could signal a rise incoming.
therefore I will put warning lights on a possible long trade...
we can see how the two markets are related simply by placing them on a single chart.
then we can try to determine what would be the most likely cause(s) for the evident correlation.
there is the common factor of the US dollar index both in terms of CHINA 50 given in terms of USD as well as in the base currency of BTC, the US Dollar.
indicator 1: ADX
never reaches the critical level
(blue horizontal line on indicator 1. window)
and so, this tells us that the up move
we see in the left side of the chart,
is a fake up move, or a pump first
in order to have the dump after.
plus indicators 2. and 3. have entered the sell zone
at the same time which is a clear indication
of strength and so...
at the moment...
UCS Pring indicator Is in the positive territory
but the volume indicator Is below the critical volume threshold
therefore the volume is too low for an interesting movement
and ADX indicator is unconvincing
because the selling force (red line) is a bit above the purchasing force (green line)
so, sellers are stronger than buyers.