Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
LAND SECURITIES GROUP PLC ORD 10 2/3P, BURFORD CAPITAL LIMITED ORD NPV, SXX, BIDSTACK GROUP PLC ORD 0.5P, LLOYDS BANKING GROUP PLC ORD 10P, TCG
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
I guess we need to see if the right shoulder appears at the neckline down at 1.11000
Then it could be go time!
I believe we are close to finding out BTC's new direction. I cannot tell exactly what the market is waiting for (maybe more news from PBOC?) but our move should be quite soon.
Keep an eye on the price action - if we break 9300, we could be looking at another selloff.
Simple idea based on BTC breaking its downtrend. This could signal the end of the pullback and a further break to the upside.
So there are two clear reasons why this is a good short trade.
1. We have hit a resistance in the clear trendline
2. There is a stored up correction now due - almost all big jumps have a corrective pullback to at least 50%.
Happy Trading :)
Pretty clear uptrend has made itself known.
Risks to this trade today (24/10/19) include ECB rate announcement and US Capital goods announcements.