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
Fall
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.
BTCUSD sideway before a fallBTC fall is not over yet! Been saying that since a few.
We are currenctly in a sideway movement in which the cross is hardly hitting the extremes (around 11k and 9.9k). The cross is due for another huge correction nonetheless.
It will take the BTC to hit 8k at least, maybe even less.
Remember that on Jan 26th, CME Futures will expire. That could help to drive prices down.
Will the price get back up then? Likely, although much depends on the magnitude of the sell off and the support levels at stake when that will happen.
Fast buy now (13K barrier), then $8800 fall coming?It's time for a quick buy until $12925 (max)! Possible fall starting in 2 to 3 days from now. The bears will make it fall to 8800$ (Let's hope not!)
