Fall
8/02/2018 S&P500 Analysis"S&P 500 sank 3.8 percent, taking its rout since a Jan. 26 record past 10 percent to meet the accepted definition of a correction. " www.bloomberg.com
7/02/2018 US Oil Analysis"Oil prices fell 2 percent due to fears of oversupply headed into the slow-demand season". www.reuters.com
BTCUSD - another wave of fallingBTCUSD is still in downtrend.
The price made a correction wave and now we expect a new wave of falling to level 7250.
If the price breakdown 7200 next supports level are 6500, 6000 and 5700.
Glossary of terms
Point of Control (P O C) – The price level for the time period with the highest traded volume .
Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
Balance - Accumulation Area.
If BTC breaks support @ 7500...1. Upper resistance @ 10000
2. Current support @ 7500 (currently testing)
3. Next level of support @ 5500-6000
4. 8-day EMA has been dynamic resistance level the entirety of 2018 (with the exception of a few false breaks)
5. Bullish Pin bar but...
-poor risk reward ratio
-countertrend
6. EFI is negative
7. A counter trend trade RIGHT NOW with a tight stop would have a great risk/reward ratio but also has a high chance of failure
2/02/2018 S&P500 Analysis"S&P 500 closed off the week with its biggest percentage drop in two years. " www.reuters.com
BTC Bye-byeWhen monthly RSI falls at least to the half of the violet zone and stays there for some long time; when all market is exhausted of 1.5-years relentless down race; when all forget about BTC as a money; only then the new shining rise will show up. Show just started, guys. Your TAs based on daily metrics are waste of time. Think years.
31/01/2018 USD/CHF AnalysisPrice reamais in a strong bearish trend, reaching the lowest level sice september.
XLM ... A rising star?XLM is a great coin.
Please understand I LOVE XLM. I'm a big time long term believer, however the medium term outlook for this coin MUST make you raise your eyebrows. If it doesn't, then I think you're crazy.
The volume doesn't match the movement. There isn't much I can say really, other than it isn't establishing good solid supports, isn't testing resistance, as it moves freely -- and does so without momentum. Thats insanity. It will fall back on the same dynamics every other market obeys.
I hope everyone makes money, I made good profits. I however, cannot chase this thing - and will not tell others to do so.
