Keep an eye on bitcoin. It's consolidating as investors are waiting on the decision from the SEC to come through to either deny or approve a BTC ETF. There's no telling when this news will come, but if they deny approval then we might see a sharp correction. If they approve, then bitcoin will be off to record highs.
This has to be the ugliest chart I've seen in a very very long time. Where to begin... The top was put in when the US SEC ruled against allowing the Winklevoss twins to create a BTC backed ETF. They had spent the last 2 months accumulating asset to back the ETF and then dumped it all at once when it was obvious they should put their money somewhere else. That...
The target hasn't been hit yet, but we might end up hitting it, and stalling there for some time, as I had explained in the monthly chart I posted. If you're long, look into closing margin longs on target, or if you own more than 50% account, go back to BTC to maintain equal weights in your cash account (spot, no leverage). The support here is strong, so you can...
In perspective, that daily doesn´t look that bad. The Heikin Ashi is brutal but there was a pretty thick cushion to make BTC bounce. RSI is oversold and ADX paints a slight trend towards selling. I think the next two upcoming ETF decisions won´t carry as much drama as this one. And that today, bitcoin came out stronger than before this decision. In the short...
This is another very prophetic post, like my ETHBTC one. I think that we will get an approval by the SEC, but, since the ETF won't bring money into Bitcoin right away, price will fall back to weekly support at 1139 give or take. Bottoming there, while big players accumulate positions, until the market is ready to trend up vigorously again. The market is likely...
1. Price crosses moving average & Rejection 2. Enter short on signal 3. 1 Min Time Frame= 1 min expiry + * Dont rely on signals / Trade what you see / Price action *Use ma's as support = rejection
I've flagged Brazil's state-owned mega-energy firm Petrobras Brasileiro ADR (NYSE: PBR) because the SEC is investigating the energy firm for money-laundering and corruption, thus skewing Fitch Ratings of PBR. Since PBR owns a Texan refinery, PBR it is accountable under US jurisdiction. PBR has been found in violation of the Foreign Corrupt Practices Act and...