Risk premium in middle east is rising, inducing restrains in the supply part of the equation.
Demand problem due to the economic downturn is overrated.
Shale oil induced additional supply of Oil still puts a fair value of Oil at around 60/barrel as some macro analysts suggests and the 200EMA line confirms it.
There is no reason to go long unless we break the 200EMA line. Since the bull run is over and everybody forgot about bitcoin, and its driven only by speculations - some strong downturn is expected.
I have a short position and will add to it at every pop unless we break the 200EMA line.
If you are buyer of bitcoin at this level, either you have some mental problem...
Down we go
Broke down to 52 week lows.
China -US trade slowing down the global trading volume and the low margin player FEDEX is entering negative cash flow territory with EPS going down and Forward guidance being lowered in the earning conference call.
Keep it fucking simple.
You don't need RSI and stochastic oscillators near the bollinger band shrinking crossover on the MACD 1.66 Fibonacci level with Chaiking in the uptrend in your butthole to know what to do.
The Future of Retail analytics.
Really nice company, doing customer behavior analysis by digging in to the credit card spending data of all the customers.
Very strong price action - breaking out of each bull flag for 4 months.
$SPY and the all US stock market is suffering from economical downturn. The only reason we are still positive for the year because of all time record Corporate buyback (its 105% now), when companies borrow movie (maybe with negative interest rate) to buy back their stock.
We crossed the uptrend trendline once , retried to reclaim 50SMA and will continue the downfall.
here we are again at a time when everybody is on the other side of the emotional pendulum and this time - buy as much BTC as you can.
This is the best time to short since this is the time when people forget risk management and start to put their life savings to a trade. And we are here to profit from that.
So short at this level with a stop loss set above las...