Hi, Traders ! Monfex is at your service !
CEO of China-based bitcoin mining giant Bitmain, Jihan Wu, expressed his doubts regarding the next scheduled bitcoin block reward halving saying it might not trigger a new bull run in BTC prices - in contrast to public expectations.
* Bitcoin traders are watching closely for the next bitcoin halving - this time scheduled...
Bitcoin (BTCUSD) did not move to 9k, which is obvious, it continues consolidating within a range...
Sideways Bitcoin = Altcoins Growth
My previous analysis on Bitcoin remains valid (you can see it below), we now proceed to take a look at the Altcoins growing more and more.
Bitcoin (XBTUSD) Moving Aries | $8.6 -$9k | Short-Term Full...
very interesting situation on GBPUSD .
The pair is coiling around 1.27 structure resistance
and we see a clear rejection of this level.
The pair has just formed a double top pattern,
and there is a high chance of switching the sentiment from bullish to bearish .
Our trigger is the bearish violation of 1.255 structure...
As you know, I have maintained a bearish bias on this pair for a LONG time now.
Expecting a move down to 1.040.
Here is an opportunity to short from a higher time frame perspective.
Following the new low, we have a pull back into structure, a test of the EMA zone, a test of the 50 EMA, deceleration and a Doji signal for orders.
Nice reward to risk on this one...
Looking to go long if this the current 4 hour candle can finish bullish..
if it doesn't happen will look for a different candle stick set up but will have to be at the same level to complete the inverted H&S pattern.
Any questions feel free to ask
BUY – GREGGS (GRG)
Greggs plc is a United Kingdom-based bakery food on-the-go retailer. The Company's products and services consist of a range of fresh bakery goods, sandwiches and drinks in its shop.
The success story of Greggs is quite remarkable with the shares rising significantly over a 5-year period. The baker recently delivered an ‘exceptional...
Vodafone ran into a solid confluence zone of resistance in Friday. It has since retraced over 5%. Today it fell over 2.3% and, crucially, it fell below the 1:1 trendline on the Fibonacci Fan shown. This is important because this trendline has acted as the greatest source of support throughout this uptrend. In addition, there has been a bearish divergence on the...
Monfex is at your service and today we overview Bitcoin Dominance.
Bitcoin's dominance has grown slightly over the past couple of days by bullish div on RSI, but we see that Altcoins on its support levels and on the domination chart BTC has come close to the resistance:
the resistance line of the descending channel
though we see some correctional movement on silver
my outlook is still bearish .
currently, the market is standing just beneath the major falling trendline .
I expect that selling volumes will accumulate and we will see a bearish breakout of a bear flag .
for us, it will be a perfect selling signal.
Quick update on GBP pairs.
It's rallied into some key resistance levels on my charts. This could potentially signify exhaustion and lead to speculative selling/profit-taking in the very short term.
Keep a watch on the formation of this daily candle, if it posts some kind of inverted hammer or outside day, then I may look to sell some GBP pairs next week in...
This is combo strategies for get a cumulative signal.
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow...
This is my Super Trend Daily strategy but with one important difference. You can now adjust settings for long or short signals individually and separately. For example, the condition for a long signal may require a different parameter setting than the condition for a short signal. Each parameter in the signal generation can be tuned. You can also decide what kind...
Buying and Selling Smoothed with Histogram
Smoothed version with version with a red line representing the selling pressure and a green line which represents the Buying pressure.
If the green line is above the red line it would mean that the Buying pressure is more and vice versa.
The difference between the two is plotted as a Histogram. This is a cumulative...
This is the dynamic version of my "Bitcoin Network Value to Transactions" indicator.
The dynamic NVT indicator is based on the Network Value to Transactions.
NVT = Network Value / Daily Transaction Volume
Because BTC is a very young asset, it can be a good idea to have relatively high and low NVT values that change over...
Here is a nice simple day trade set up using my day trading strategy that I sometimes use. It relies on a few technical indicators and the ability to spot the current trend.
Trend = Bullish
Price = Above 50ema
Price Rejecting Daily Pivot Level
I cover the full set up and teach you how to spot these trade in my trading strategy guide that you can buy online now...
A quick overview of my current position on GBPUSD.
Looking at GBP on the whole, I think there is the possibility for more upside and continued momentum.
(Here is the code for the basket I use GBPAUD*GBPCAD*GBPCHF*GBPJPY*GBPNZD*GBPUSD*GBPEUR)
GBPUSD still looks good to me but it looks like we are about to see a consolidation/correction in the very short...