Just dropping a thought on the possible moves of bitcoin,
I think profit in BTC now is mostly driven by tricking and making profit on other traders' loss.
And few fundamentals, so I ll treat the trade here like a chess game.
Last rally appeared to be strong but faded in the last three weeks to what appears to be a clear move downwards (weekly candle, some form of...
Short based on
1) Head and Shoulders formed.
2) Current tumble in other indices that will drag FTSE with it
3) a correction in recent drop of GBP may occur, there is an inverse relation (relatively) between the index and GBP, which will drag the FTSE down.
This trade is based on the rising tensions between China and US,
China is out of its tariffs card and may resort to other retaliation options.
At this time, rare earth metal production is dominated by china, and some of these metals are essential for electronics, magnets, etc...
If china resorts to restrict the export of these metals then REMX ETF (a basket of...
this trade is based on trump's tweet:
"If we bought 15 Billion Dollars of Agriculture from our Farmers, far more than China buys now, we would have more than 85 Billion Dollars left over for new Infrastructure, Healthcare, or anything else. China would greatly slow down, and we would automatically speed up!"
This is with regards to american agricultural exports...
Just dropping a though about the recent correlation between the fall of TRY and surge in Bitcoin, that came simultaneously (within days).
This can be explained by capital flowing through the black market, having bitcoin as a medium.
Investors wanting to flee, converting the turkish to bitcoin then converting the bitcoin to another currency.
It looks like bitcoin...
Technical reasoning price is at:
- shown fibonacci retracement
- trend line
- round number
Place SL below 200 day Moving average
Fundamentals are a bit confusing now, price is heading down with the unrest in venezuela, fighting in libya, iran sanctions and Opec cuts.
This is a penny share with current market cap of 3.7million AUD
if it works it will shoot to the sky,
if it doesn't most likely it ll head to zero or negative, maybe you can sell at current entry as it is acting as some support.
Reasoning for this share, is due to a prospective gas discovery onshore north of the city of Derby in Western Australia.
Take opportunity as price is hitting strong trend lines,
set SL tight above the trend lines or some previous support
assessed from fib. retracements
I have not examined fundamentals for this trade,
also another pair of interest can be gbpnok, as norwegian has some potential to turn high today
The 1 hour candlestick has closed below a strong ascending trendline.
Recommended to short DAX with the shown TP,
But I recommend to explore further drop potential due to some fundamentals of some weak data that came about a month ago (but price reacted contrarily), there is also some US tariffs on German goods on the horizon.
Just thinking that the price is to emerge within the upward consolidation range, as drawn.
Recommended entry at this point (with some risk) and less risky ones at 5.85 and 5.75 (it is possible that the price will not drop there).
Movements drawn within the range for the next 2-3 months, are only here to highlight key areas, and the consolidation range tested...
A surge in cryptocurrencies MAY come, but it should limited as it lacks any fundamental at this time.
Or the only fundamental supporting it, is to get some profit out of the traders who shorted cryptos when they thought the second price consolidation will head down as the previous one did (when bitcoin felt from $6000),
Why choose ripple from other crypto's?...
Trade coming 4 hours late
it is based on the lower than expected inflation data that came today, as Norway seems to be dragged by Europe.
This will lower expectations of interest rate hike in Norway, some of which had been priced in NOK. That pricing is going for some loss.
Remember that this is a late trade, SL is poisitioned below February month's low (and...
Trade logic on Right wing move towards government after year of lefties in power.
Some economic reforms are expected, and Capital is eyeing transfer to Brazil as a consequence.
Technically, a head and shoulders pattern just finished forming, (can be seen clearly on daily chart), with any move downward likely to be quick,
TP just above 3.2 is suggested based on...
Analyzed move (EURGBP) to 1.05 just by predicting a hard NO DEAL Brexit to occur by the end of march, and some chaos surrounding it.
This is based on expected EU's unwillingness to re-negotiate a deal, they made it clear the previous deal is the only one to expect, and more importantly:
EU wants to leave UK as an example for other states that may consider...