FINE
SBK ShortWill look to allocate off the shaded levels
- Shorting if price starts to trade below shaded level
- I have exposure to Financials for upside(x3), need to re-balance for downside risks. ie create synergies with open positions
- I have a bit of a bias to the down-side here, thinking JSE:MTN will drag JSE:SBK. Last time(2015) this was the case, in that instance the affect was delayed but highly correlated
My thinking is that the relationship should see JSE:SBK price affected
BITCOIN: BTCUST Just fine thanksBitcoin: BTCUSD
Just had to tear away over lunch to check the monster.
Spoke of a low being made around midnight est, looks like it
was 2am. The breakof the bigger parallel from the highs was
good, green candles, everything you'd want from a 'good'
break, but it was running too fast: 800 points or 9% in less
than 3 hours...there is resistance there 10180 high from the
big red candle to left of price on chart but didn't judge it
strong enough (too many lines is confusing so try to strip it
down, sometimes too much). Anyway, who spotted the
continuation pattern that then followed as it came back to
make an intermediate double bottom at 9365, right off the
blue support...fixed and dynamic met at that moment and
left a pin bar on the low...the continuation pattern: now 2
strikes = hot..and bam, she breaks the upper parallel, bit of a
retest that works and up she goes. So now it's created another
little impulse wave from that low at 2am est and is a buy of
the lower parallel and sell off the upper (for day traders). If
you have been trying to get long here and been stopped out
on good longs look to buy on any touch of the lower parallel.
Bitcoin stays good whilst within this wave in near term and
looks aabsolutely fine again for medium and longer term too.
And what's good for Bitcoin is good for the Alts/USD. Buy on
dips. This could be a good weekend ahead. Back much later
