The global markets have been rattled over the past year with many issues which don't need repeating however recently there was major banking scandals in Australia with Westpac (ASX:WBC) having breached the money laundering laws 23 million times.
This chart is very interesting from a technical standpoint as it shows big selling pressure at a key resistance level...
Right now we have an interesting close on the daily
We got a bearish engulfing candle with 3 consecutive wicks showing sellers coming in.
Couple of reasons why we now need to wait.
The short sellers are getting paid on Bitmex and the longs are losing money after this big impulsive move. Which to me shows that there are too many people long and the market makers...
Big technical combination picture here
We have a double top with a bearish engulfing on the daily which subsequently broke support and the 20 ma.
The weekly trend has come back to the middle band and is now forming a bearish engulfing candle.
The bears coming on on XRPBTC on a weekly and daily time frame is not a good...
After the last analysis about the buy zone we had one more flush down by the big players to squeez all the small fish. But if you believe in BTC theres no way you would of been selling. You have to buy when there's blood on the streets.
Make no mistake and don't listen to the FUD this is move is going to be big. We are easily going to new highs on this move over...
pull back on gbp overdue.
the daily trend is still up but in the overbought region.
2hr shows rsi divergence
bearish engulfing off the highs.
small downside target.
uk parliament blocking deal on brexit showing struggle. deal will come but not yet. we will buy the pullback on the right signal
Safe have JPY look to buy
got underlying weakness with RSI divergence
Double top with a bearish move off the daily resistance zone
all we need is a market catalyst for stocks and this chart to move in unison again lower.
Short from here target as shown.
FED going to the printing press forever it seems
the market long and the big players are squeezing the longs. so buy now and hodl
we pulled back perfectly to the buy zone 75-85% after the last impulse up and now we had bullish pressure out of this zone.
buy in now and set and forget.
If you hadn't realised we are in for a big correction on the worlds stock market.
The next few weeks we will probably get some big sell offs before the next fed meeting in September. At which point the Fed will cut rates again and we will get a risk on rally. Forming the right shoulder of the Mini HS.
But they will be too late. Data will turn uber sour leading...
We had an impulse move off the lows last week.
Now we have come back to the golden ratio 61.8 fib extension with good wicks and impulse up again.
High lows formed Higher highs.
Down trend on the hourly broken.
Sell your stocks!
The sell off has begun.
Every time we have had a bearish engulfing candle on the
weekly chart it has been a big sell signal.
The question is the ATH in for stocks?
Futures market has 100% priced in a rate cut
which was signaled in January from the FED and now its coming on the 31st July. And the market is selling off!
If the FED is cutting...
See my previous analysis.
Fundamentally gold has been rallying because investment players are taking the risk off the table in equity markets and buying haven seeking assets.
The Fed has signaled that lower interest rates are coming.
The Global debt problem is real.
Bitcoin and Gold will rally to ATHs.
Second chance long here before gold makes new 6 yr...
Now we all know BTC loves some crazy movements.
Right now on the 1hr we have RSI divergence
We have continued support on the break line of the down trend.
We have touched the mathematical magical Fibonacci 61.8 retracement.
The low is in. Buy for targets above highs.
Stops below the demand zone.
Lets see your tricks BTC!