Seeing bitcoin as is, there are so many buyers and sellers are involved.
The buyers are getting in to buy the "now considered cheap" bitcoin.
The sellers are getting out due to bankruptcy.
What would be interesting though is where the buyers are forced to get out on fear and the sellers are lured to get in on greed.
There are too many exchanges back and forth between them that the price ranges simply shift back and forth since the brexit vote.
The next one won't be so easy.
I see the charts are overfull. the move away, once happens, will be too great to catch. Panic and euphoria will forget all the ranges happening so far.
Describe what you think and WHY you think that.
I think the current range EU is in the last two months is useless for the bankers to fill their orders.
Now their pill of orders is just waiting for some fresh numbers to "start getting filled again".
Good fundamental analysis always helps.
Hmmm... what is fundamental.
ok let me see.... Fundamentally, in order...
Basic economic 101.
sourced and googled from:
basic academic economics teaches that producers will supply more volume when price is higher than usual, and vice versa consumers will demand more volume when price is lower than...
Tradingview is the first place that i came into when i just started learning technical analysis. Little did i know, that there are so many tools that i can use in a web-based platform.
Yes, TV can be said as my trading-skill birth place.
Coming across so many trading styles did put me into a path of confusion, not knowing where to start, which direction to take,...
Focus will be set on the November 2016. Three things:
1. First and Foremost is FOMC Meeting which will set up December rate hike. I personally am expecting a beautiful rundown of the likes of 2013 Q3 and 2015 Q3.
2. US Presidential election which will likely might
a. Push gold Up to way Overbought euphoria and then crash, or
b. rundown for the...
MACD failure to maintain caused cutdown and in danger of crossing below to bearzone. Trix is still lagging in its effort to form bullish momentum. D+ & D- play tug-of-war game, so right now it is really direction-less. Stochastic just need hit and close above to switch the whole play and the rest might follow, for now, no clear sign of U-turn yet.
Stops are hit. I made losses for the last 2-3days. Now let's start from scratch position again. Indicators are conflicting at the moment. A thought came to my mind to balance betweek: was 1352 bearish entry or what many called a bull trap, or was it a Bullish momentum builder and we r now in a slight consolidation and a trap to catch off the weak...
ECB did spark some sell-off initiatives.
Looking at MACD lines, the sell-off flattened the slope, but none to suggest it is bearish yet.
The gap between D+ and D- is now closer, but again none to suggest it is bearish yet.
Maybe bulls are saving some bullets for later on, considering the move from 1330-1350 should have been seen a bit too aggressive.
Bulls are intact. WIth a close above 1343 materialised, both macd lines are now firmly back in the bull war zone. Supplies given at 1352 and NY took profit at 1351. So now a break of 1352.50 is crucial for bull continuation.
D+ is still floating above, waiting for the next upmomentum to kick-in. However, the previous thought was "the run must not allow daily to...
Hurray, hurray, hurray, looks like NFP effect has taken its toll with the support of ISM non-manufacturing data last night. a range of $27 is definitely a candle to watch. So NY-ers did unleash the rodeos.
Hurdles overrun: 1330 barrier, 1340/1342 barrier, daily PSAR viciously preyed.
Both of MACD lines are now back in the zone, provided if today's closing not...
Green channel renewed with midline 1330.
Following previous reading: "below 40, let alone 30, still smells bearish due to successful dragdown of JulyNFP from 1360-1300", could be further neutralised if in 2-3days no daily lows break.
Macd is a lagging, but also leading forward looking, indicator. It tells upward momentum in the making. Might be successful when...
Speaking of fundamental, it is very strange that gold did not push a lot higher to over 30, or maybe at least close over 25. Media is bragging about how the smart money could have predicted this number's weakness previously and decided to make a joke about breaking 1300. In www.cnbc.com the author points out...
Been a long time.
Gold has made its bearish path on medium term. However, last night PMI helped gold redeemed some buyers (maybe too early, maybe not). As it s seen MACD is turning flat, so as long as gold is maintained above 1304 (especially 1309). with that support the longer the holding, the longer the chart might turn the otherway (MACD cut, which might...