Yep - the algos play out the addicitons of their masters to cheap money: low interest rates, REPO pumping, and the implicit guarantee from the FED. But an itty bitty virus that disrespects world leaders, has everybody flummoxed and reaching for safe havens.
In this screencast I show a bit of algo action and some smaller time frame trends which can last for over...
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....
On higher time frames (monthly / weekly) UJ is showing a triangle pattern, with a ranging / sideways market confirmed by the 50 EMA, we have no overall long term bias in terms of trend. Moving onto smaller timeframes, on the daily we have an ascending channel with a ranging market between the S&R, Now on the 4hr we have a rejection of the support, a break of the...
GBPCAD - Long off the 0.618 Fib
GBP is still strong again the CAD and in an upward trend even with the big GBP sell off after comments form Boris on UK trade deals
Still waiting for an Entry signal however
A 'black swan' event is something out of the blue - that creates systemic risk. The 2019-nCOV (virus) is potentially one such thing.
The markets have not been prepared for this - at all. Could it be the pinprick that pops the 'tech bubble' that influences markets globally?
The shock waves of this itty bitty virus are totally unexpected. I go into some price...
Don't trust this rekt coin.
Even in the latest constrained bullish
surroundings (all-known btcusd pump for that January),
it shows such a bearish picture. I believe this coin is
gonna dump ONE MORE TIME, and deep.
Probably down figures again. It must correct -
the waves are sooOOOo bearish that the Papa Bear himself
couldn't draw better,
even if he'd been the...