Again BTC is behaving uncertainly. The market is figuring out whether bitcoin is worth 60k+ For me we are determining here exactly the nature of recent big institutional investment. How long are they? Will they have diamond hands or get spooked? The best we can hope for is the big money holds fast, if we can get a few weeks of stability it may be a big green flag...
Today id like to see another test of my ascending trend line and a rejection at 58k. BTC recently has been a pattern of pumping hard to break resistances. It would follow pattern to get a big pump of 1k+ to break 58k. Do I think its likely?.. No. haha, sorry. Its on the cards, but things feel uncertain still. We aren't out of the woods yet and if you are...
Hope you like the fresh new looks! BTC had a sharp dip past few hours, so far its not Armageddon but this dip really put into perspective the fragility of support we are sitting on. My trading style seems to place a lot of weight into trend lines. I like patterns. The thing that saved me from the 17th April dip was the fact we briefly started to test below the...
Big ole pump! Gotta love em, in todays video I take some time looking at how on various ALT breakout patterns we haven't seen BTC bullishness translate into ALTS... yet! If we were to get a 3 to 5% retrace on BTC here we get an awkward situation where not only wont ALTS see much of this BTC pump, we may actually see alts come down a bit. Anyway, early days, pump...
Welcome to my quote unquote morning vlog. Hope yall having a great day! BTC rebounded a little bit, it has now made a dip overall I'm happy with. I'm feeling a bit more bullish, but am a little spooked that we haven't seen any price action downwards that's had FORCE to it. Also be great to get some distance from 54000, I wanna put that price mark behind me, youch.
We are in a bullish holding pattern, dips of 1.5%, then steady swings up. Steady gains. We get a nice injection of volume and move up. Volume is starting to taper off and getting indicators of momentum swinging down. Really hoping for a dip here so we can get some entries! 1:30 = Look at this common point of resistance and support all ALTS are popping at. 5:50 =...
Im starting to get more bullish, towards end of this video i notice we are only just getting started on todays candle... so theres a long way to go yet. In a day we will have a much better sense of this reversal! -=-=-=-=-=-=- TIMESTAMPS -=-=-=-=-=-=- 1:25 = get to BTC chat 2:10 = CHECK OUT MARCPMARKETS ! great TA and advice he gave on this idea of his i look...
It seems that we have started breaking out after the good news from bidens speak. look for upside towards 13070. if it gets through next target is 13130 which is the top of the cup in the cup and handle formation. i would suggest taking profits here and buying again once the handle(bull flag) breaks out and once it gets through 13130 the target will be the -27%...
Friday after market hours, news reports came out EBIX was sued for Violations of federal securities laws causing a %40 drop. Yesterday we rebounded up to $31 and consolidated. Today looking for another $31 retest posiblily a move up to $34 then up to $40. Play it safe with this news it could easily go down more. Set stop losses.
News came out that a secondary was taking place @ fair value for this stock which is quite beat up. With an option to buy an additional 1.146 million shares at $3.27. This is extremely bullish for the short term prospects on this stock.
So... the UK data coming out today is pretty important, if bad it increases the chance of a rate cut by the BOE, but if positive it kinda kills it! So there should be pretty big movement on the GBP if the print is better than expected or worse thane expected! The video pretty much explains our thinking here and our trading tactic, we are long on GBPUSD and we are...
Instant View: USDA's corn, soy stocks figures fall below expectations Stock Markets1 hour ago (Sep 30, 2019 01:41PM ET) CHICAGO (Reuters) - The U.S. Department of Agriculture on Monday reported domestic corn stocks as of Sept. 1 at 2.114 billion bushels, below the range of expectations in a Reuters analyst poll. The USDA reported Sept. 1 soybean stocks at 913...
.LOG For most new traders, the biggest challenge is getting a profitable strategy that works for the long term. Usually, trend-following systems are favored because they tend to have a very good risk-to-reward ratio. Trading the currency market is essentially a numbers game, basically traders look for strategies or systems that have a positive overall...
Check out this news on Bitcoin today Sept. 5th. All credits going to CNBC. Goldman Sachs did NOT settle for the price of Bitcoin. Like I said... too expensive for banks. Retail traders will settle for anything. Not a Investment banker that has back to back months of winning trades for years. Maybe GS will come back to the table at a better price like $1100 or...
It's all a matter of perspective and which news you believe. Or maybe you are sensible, to ignore the news and see what's on the charts. The people who deliver the news have no inside knowledge about the markets, and most of them do not do a multi-timeframe trend analysis. They may deliver the 'truth' relative to their own perspective and shorter outlooks....
News can obviously go either way but the Aussie looks Bullish across most pairs. As always we wait for news to commence and buy/sell the first retracement.