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BITCOIN - market maker an accumulation formation Hey. You must be as high as I am on the beat action price. My last reviews haven't been played back as there are no impulses and the market keeps consolidating. These are my thoughts at the moment. Of course, it's just a guess, I can't say for sure now. We are in an accumulation that will be distributed in the May Hallvinga. It is difficult to trade on margins like this, as everything is done to confuse traders and knock them out of deals in the steps. For the last 2 weeks, the fund and indices have been forming similar rangings, but on smaller timeframes. Apparently, the bat is too illiquid and such formations take days and weeks. There is one formation of accumulation, which is in principle similar to what we see on the bat now. Under the scenario, growth is very likely, but before that there will be a breakdown of $5600. I have distinguished the 5600-5800 zone long ago as a target for the shorts, but apparently, we can go even lower and then move up. It'll take two to three weeks. Here's the formation itself: We're at the top of it. And here's how it's gonna look on the chart: A gray square-so called a bull order block. It makes all the growth out of it. Yellow is the first test of this block. Green is the first resistance test on a large timeframe, and there's a short quiz and a false break. Red is the removal of long stops, false support breakdown. Next is "to the moon." Disclaimer: It's all just an assumption. One market maker sneezes, and we go down, maybe up. But in this case, it's very similar to my subjective view. As long as the overall mood remains bearish despite local growth. Stop Loss removes all uncertainties, so do not trade without them. The current resistance zone is very important. In the square there is a clear rhythm, from which we started to move downwards with the breakage of the loys. I am referring to this very rang and the last fuse that looks like a false break-up. If you're in shorts, the stop loss should be for $7250. There are a lot of bones stuck in this wick - bulls - breakers, they should not be released (Trapped Traders). If this trading idea is wrong, the Stop Loss is knocked out, the following shorts $7675 will probably give a very good reaction - and the knocked out Stop Loss will cover profit. Why not long? Cause I'm expecting a clean-up of the longs. The trend is obvious to everyone, the feet are netted and have to be cleaned before they grow. Why tear down the feet? Stop on the long is selling + flipping off the rocket to profit on the hipe to halving. It's a cheap ransom. +Long with current=bad risk/reward is for me, because if we reach $7675, I expect a reaction to the local reversal, and the adequate stop loss should be put further than the profit itself. What's the point? Against the trade: everybody wants to buy lower, obvious bear pennant, short margin mood, a lot of printed Tezer. Now everything is easy and clear, it's up to you :) Do not forget about fixed risks and stops! I suggest that you familiarize yourself with this post.
Short
by mr_kosovskiy
62
BitcoinUSD, The Phoenix, Global CurrencyTHIRTY years from now (1988), Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century. At the beginning of 1988 this appears an outlandish prediction. Proposals for eventual monetary union proliferated five and ten years ago, but they hardly envisaged the setbacks of 1987. The governments of the big economies tried to move an inch or two towards a more managed system of exchange rates – a logical preliminary, it might seem, to radical monetary reform. For lack of co-operation in their underlying economic policies they bungled it horribly, and provoked the rise in interest rates that brought on the stock market crash of October. These events have chastened exchange-rate reformers. The market crash taught them that the pretence of policy co-operation can be worse than nothing, and that until real co-operation is feasible (i.e., until governments surrender some economic sovereignty) further attempts to peg currencies will flounder. THE NEW WORLD ECONOMY The biggest change in the world economy since the early 1970’s is that flows of money have replaced trade in goods as the force that drives exchange rates. as a result of the relentless integration of the world’s financial markets, differences in national economic policies can disturb interest rates (or expectations of future interest rates) only slightly, yet still call forth huge transfers of financial assets from one country to another. These transfers swamp the flow of trade revenues in their effect on the demand and supply for different currencies, and hence in their effect on exchange rates. As telecommunications technology continues to advance, these transactions will be cheaper and faster still. With uncoordinated economic policies, currencies can get only more volatile. In all these ways national economic boundaries are slowly dissolving. As the trend continues, the appeal of a currency union across at least the main industrial countries will seem irresistible to everybody except foreign-exchange traders and governments. In the phoenix zone, economic adjustment to shifts in relative prices would happen smoothly and automatically, rather as it does today between different regions within large economies (a brief on pages 74-75 explains how.) The absence of all currency risk would spur trade, investment and employment. The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate – and hence, within narrow margins, each national inflation rate- would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit. With no recourse to the inflation tax, governments and their creditors would be forced to judge their borrowing and lending plans more carefully than they do today. This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside world. As the next century approaches, the natural forces that are pushing the world towards economic integration will offer governments a broad choice. They can go with the flow, or they can build barricades. Preparing the way for the phoenix will mean fewer pretended agreements on policy and more real ones. It will mean allowing and then actively promoting the private-sector use of an international money alongside existing national monies. That would let people vote with their wallets for the eventual move to full currency union. The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power. The alternative – to preserve policy making autonomy- would involve a new proliferation of truly draconian controls on trade and capital flows. This course offers governments a splendid time. They could manage exchange-rate movements, deploy monetary and fiscal policy without inhibition, and tackle the resulting bursts of inflation with prices and incomes polices. It is a growth-crippling prospect. Pencil in the phoenix for around 2018, and welcome it when it comes. (taken from zero hedge) Another note worthy event is the planet Uranus, moving into the Sign of Taurus. Uranus being in the sign of Taurus over the next 8 years, means we can expect to have changes concerning the planet, financial systems, and our values. This is because Taurus is an earth sign and is ruled by Venus which is related to our affections, values, and money. As Taurus is a fixed sign that is not a fan of change and dislikes upheaval, having Uranus in this sign may be a bit like pulling teeth at times. Uranus wants to bring new energy, insights, and discoveries to light, Taurus wants to maintain the status quo and use inertia to fight it. Uranus will be in Taurus until the 7th of July 2025 when it will ingress into Gemini. It will retrograde back into Taurus from the 8th of November 2025 and it will be the 26th of April 2026 when it will ingress back into Gemini and leaves Taurus for another 76 years or so. The last time Uranus was in Taurus was after the stock market crash of 29. Taurus is related to money, as it is the natural ruler of the second house of our income and possessions. Back in 1929, the Wall Street Crash was the start of The Great Depression. While this occurred during a Uranus in Aries transit, its effects were felt well into the following Uranus in Taurus transit. In a previous Uranus in Taurus period, there was the panic of 1857 said to be the first worldwide economic crisis. During the 1770s, another Uranus in Taurus period, there was the crisis of 1772, in which problems in England, extended to Europe and then the 13 colonies in America. Some are predicting the emergence of worldwide currency, during this Uranus in Taurus period, and many others suggesting the rise of bitcoins and other cryptocurrencies since Uranus is also connected/related to technology. I'd gladly link you to the articles used for this, but sadly, TV will hide any chart that contains links unless you pay them an absurd amount of money. This is not trading/financial advice
BITFINEX:BTCUSDLong
by Mikeiavelli