BRACE! Anything can happen in the next few days. The DJI is at a critical zone on the weekly. 'Everybody' is waiting for more QE and lowering of interest rates. In other words the FED is likely to blow the bubble even harder. But there are crises in the bond markets and currency markets that weigh on this market. So fear is not just about stocks in the market...
'They say' when blood is on the streets, that's the time to get involved. I'm not advising. BTC is at a critical point. Investors could weigh in. There is yet another kill zone on the charts.
The DAX - Ger30 - is in a critical zone on the 3D time frame. If this is determinative, then there are good opportunities on lower time frames.
I'm looking at a possible triple top on EURAUD on the 3D time frame. I do this because I'm looking for position and then to trail down on a lower time frame. There is some weakening of the 3D time frame trend and the critical zone at the peak probably creates a greater probability for the south.
I assess the probability as for the south on GBPNZD. How far south is another problem, for me at least, as me crystal ball broke a long time ago. :)
Nobody or very few people have been looking at Silver. Why? Everybody is distracted by Bitcoin and GBP pairs at the moment. In the screencast I show that Silver is ripe for a controlled loss. Oops.. nobody wants to hear about losses - right? I'm stalking this one carefully - having been distracted and missed Palladium. Silver is pretty cheap at the moment....
In this shorter screencast I give three reasons why I come to an opinion that Bitcoin may surprise. This is not encouragement for traders to take long positions. Whatever traders do, please ensure that stoplosses are truly acceptable. No gambling please.