I have just been to KFC and they said they have ran out of chicken... what is the world coming to?? Somebody is getting the sack haha ( this is a true story )
Anyway enough about my lack of chicken and on to this trade... As you can see I recently posted about the big drop we were going to have on Friday because of the monthly resistance... your welcome ;p Now...
Last summer, economist Nouriel Roubini and Brunello Rosa identified 10 potential downside risks that could trigger a US and global recession in 2020. Many involve the United States.
Trade wars with China and other countries, along with restrictions on migration, foreign direct investment, and technology transfers, could have profound implications...
EUR according to currency heatwave shows weakness - USD data released on Friday!
- expected small pullback from this level - forming double top - and again down!
***updates will be available in the comments section as price-action develop.
The Australian Dollar has been weak of late, and with the current risk off sentiment we are expecting a shift back into the worlds safe haven currencies of JPY and CHF.
Our favoured pair for the coming week is AUDCHF with a beautiful 15m bearish engulfing candle right off of our level of interest at 0.68630.
Initially this trade has been taken as a day-trade...
We can be looking to see the market continue in the downward fashion, then after the market has finished and reaches our resistance zones we should be able to predict where it shall reverse as, we shall enter the Big trade down, then execute a high frequency of day trades so you shall be aware of all the inner workings of what is going on! Simple price action...
Two plus points for bitcoin at the moment. First is that at this stage based on past performance it appears like stocks go down bitcoin stays level. If stocks rocket so does bitcoin. Win Win. Plus lots of hype about new entrants into the crypto market.
My belief - biggest threat to bitcoin future is in brand awareness, and adoption. The authorities will reward...
While the price is above the support 0.9105, beginning of uptrend is expected.
We make sure when the resistance at 0.9610 breaks.
If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid.
A peak is formed in daily chart at 0.9395 on 06/04/2019, so more losses to support(s) 0.9170 and...
The exchange rate moves in a pulse wave system. It can be observed that the size of the next pulses follows the rules of the Fibonacci series. I add that some form of fibonacci is often used in stock market movements. Therefore, we can rely on it in the present case. If we do this and our theory is correct, we will see another 200% increase within 2-3 weeks....
BTC is still in the ascending channel it started around a month ago. Currently it looks like moving back to the top of the channel over the next week or so. If it achieves this it looks like hitting $10k and presumably bouncing back off it.
I am looking at a long position here as the market has tried to break below 136.600 multiple times and failed to do so. If the H1 9'oclock candle engulfs the previous candle I expect to see upwards price movement to 137.500. We my see some pullback before reaching 138.200.