WTI Crude Oil is in a troubled zone on 3-Day time frame. I'm short. Price is struggling in a zone of investor resistance with ATR resistance just above. This convergence spells greater probability for the south. (Note that for every probability in one direction there is a residual probability on the opposite direction- hence no predictions)
'Everybody' is watching the S&P500 and Wall Street. Some may have forgotten about the India50 (the NIFTY). It appears to be troubled. I've shorted at what I estimate to be a turning point (which is not advice for others).
If this falls, it could be ugly.
I do not trade this index. In this screencast I show how there was a major struggle in the world economies between February 2018 and today 28th October 2018. I explore potentials for Bitcoin and Gold.
A major corrective move south n the MSCI-ACWI has happened. This index is an aggregate of world indices.
What we see on this chart is:
1. Price struggling to...
It's not looking good for Bitcoin on the bigger daily trend. Yes my opinion changes but that's only because I'm seeing new things happening - and my perspectives are different on different time frames.
I've decided to wait.