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USDJPY Market Commentary - 21 Oct. 2020A lot of things going on right now. Buyers and sellers more stressed than ever. Bullish Dollar or Bearish Dollar? Stimulus or not? To be or not to be is the next question. USDJPY a clear path though. JPY seems to win the fight between the safe-havens as it usually does in volatile times. Buyers seemed to have faith in a bullish Dollar and this was apparent till 20 Oct. after they got crushed by bears on a triangle breakout. 105.xx got dominated afterwards. A retest would be a stupid move by buyers at this point because it's way too obvious that JPY bulls are serious. (see EURJPY) Most election speculations appear to be bullish for the Dollar, This belief is backed by factors like what policy the each of the election rivals is to apply or how investors feel safer by holding USD. On the technical side, price is performing an 1-2-3 bearish impulse move. The final target for bears appear to be the 104.00 big figure that lines up with the 161.8% extension of Wave 1 which was followed by Wave 2 that saw an end after the fakeout. For the time being, bears have the control of the price. Bulls are hidden in the bushes of 104.00 and are refilling their guns to snipe back to 105.00 After that, elections result will determine the next move...
Long
by GeorgeZii
1
Long on BIDS buying range I was gutted when i missed out on this Stock last December for 4p a share. Im looking to pick up and hold throughout 2020. I feel BIDS will be pushed to as low as it will go with massive upside throughout 2020 Using Fib extenstion and giving me 1.35p with support at 4.00p i will be looking to be picking up around this price throught the weeks to come. INFO _________________ (Sharecast News) - Shares in Bidstack dived on Wednesday after it cautioned that annual revenue will fall short of targets but added that it is on track to achieve material growth next year. The native in-game advertising group said that turnover for the year had been driven by programmatic advertising spend, which is growing month on month but is "not expected to be significant". However, the AIM traded company insisted that it had enjoyed positive momentum, adding that it anticipated that its industry relationships will deliver a material uplift in revenues in 2020.
BLong
by AreSentinel
Bitcoin: BTCUSD Is Bitcoin becoming respectable at last?Bitcoin: BTCUSD Is Bitcoin becoming Respectable? Bitcoin has been surprisingly quiet around the highs at 8000. There is no real selling. Any Goldmans whales selling from 8000 have been overpowered but the buying surge out of China hasn't materialised as yet. Instead Bitcoin is moving sideways, every sale being quickly accumulated but lacking enough buying power to push higher in the near term. It can carry on moving sideways for a while yet, trying to build a new base at 8000. Although disappointing so far, Bitcoin is beginning to behave like a regular stock now. The Noah Cross quote from Chinatown springs to mind: " 'Course I'm respectable. I'm old. Politicians, ugly buildings and whores all get respectable - if they last long enough." Maybe we can add Bitcoin to that list soon, too. Bitcoin respectable? It's certainly beginning to act that way. So it's quiet, verging on respectable, moving sideways in a holding pattern as every sale is quickly absorbed. Those big bear attacks from 8000 have failed. They've realised they can't fight this thing, not at 8000 anyway. It should continue to grind higher again to 8087 and then move sideways to try to build a base at 8000...it needs to turn this level from near term resistance into support over the coming hours because if it can't find the power to do this it will drift away to 7900 and look for support here and down to 7855. There's more support building just below here, at 7798 (minor) and then major support at 7717-7700 freezer lid levels. Whilst above here Bitcoin belongs to the bulls. But it needs to clamber above 8000 and hold to avoid drifting sideways from here for a while longer. Day traders can use the the little dynamic supporting this move as an exit for longs but it's tricky with such wide spreads - (wouldn't it be good if Goldmans actually did start a Bitcoin desk, forcing others to join too, bringing competition to spreads and driving down margins and making day-trading so much easier ? Any comments?) - if it loses the dynamic it will fall back to 7900 but the spread makes it untradeable. So, Bitcoin is positive above 8000 and neutral whilst under this level, the likely pivot point of the day, and whilst unable to regain that level and hold up there it's likely to trade sideways/down using 7900 down to 7855 as support before grinding higher once more. Stay long, stay patient. A break and hold above 8000 is the price action bulls need now. Now that would be respectable.
BITSTAMP:BTCUSDLong
by sumastardon