Bitcoin AND the Libra Hearings! This will indicate the future.While some are saying that these declines are corrections, others say its a bear market.. but, I say it has a lot to do with the recent threats of cryptocurrency regulations and the Facebook Libra hearings. Keep an eye out, because Libra was put on pause until Facebook can be grilled about Libra. Libra isn't the issue, but regulations are. Just like stock markets decline on Fed Minutes, earnings, jobs reports... the crypto market is also awaiting these hearings.
I suggest to get out of the markets until there is a clear decision made on Libra and proposed regulations. If Libra gets the green light, get in, because the entire crypto market will definitely rise back up. If they decide to ban Libra, and regulate.. for SURE we'll see new lows. If you're out of the market, you'll be safe. Let's hope the Financial Senate Committee. Unfortunately, the first day of the hearings weren't great as headlines read "Senators aren’t sold on Facebook’s Libra project".
Government
Consequences, oil surplus & dollar in troubleThe previous week provided quite eventful for the financial market. Now, the market expects the Fed to cut the interest rate this month. The probability of such outcome is 100%. So, there is a conundrum, reducing by 0,25% or 0,5 %? After two days of Fed Chairman Jerome Powell's testimony to Congress making the US dollar a weak player as a short dollar.
The current downtrend is just a beginning as the US dollar is at extremum point. In addition, as the USA monetary policy has shifted supporting bearish trend. The one and only important data will be Retail Sales Report in the USA, therefore, we sell the dollar.
Force majeure events are near term and not supporting the current market conjuncture that has been named as long-term Surplus. International Energy Agency 2Q 2019 the surplus was 900 000 b / d. As we can observe the OPEC + No. 2 did not precipitate the commodity deficit.
Since 2011 oil consumer demand growth rate is at its lows, we will sell the oil.
Trade war is the reason for all the trouble the economy is facing. China reported a data pact with macroeconomic data: GDP and industrial production growth rate, retail sales indicator.
Despite the fact that the outcome is better than expected, GDP growth was 6.2%, which is below the minimum mark of 6.5%, which the Chinese Government put in its long-term development strategy.
Earlier, China reported a decline in exports by 7.3%, and Singapore (one of the world's most export-dependent economies) reported a decline in GDP in the second quarter by 3.4% (the maximum decline since 2012).
Our trading recommendations for today are as follows. We continue to look for opportunities to sell the dollar in almost all pairs (USDJPY, EURUSD, GBPUSD). Sell the Russian ruble and oil. We continue to sell the oil near the highs and buying from the lows.
RECESSION IS COMINGIf price can break this support zone and trend line then we could see further big movement to the downside, price might use this support level to bounce once more before breaking, but the overall outlook for price is bearish ( down )
The US economy is in trouble, but the government are trying to pull the wool over your eyes so you don't panic.... A recession is coming and people are non the wiser.
Fluoride Fed... What the Government Dont Want You To Know ;pOur 1st green line could be 1st sign of resistance ( 36 pips ) on this trade as it has been used before, but our yellow box is the target on this pairing ( 100 pips )
Plenty of bearish movement about at the minute, so this should be a nice quick trade.
Our purple arrows mark out where price has previously hit our support and resistance zone ( because we are nice like that and like pointing out the obvious ) ;p Actually this day and age need the obvious pointing out to them, Its probably all that tap water they are drinking! We call them the fluoride fed, As they are unaware the government are putting fluoride and other stuff in the tap water to dull your brain to make you stay in line! Bottled water sales are going to go up now hmmmmm I might run out and invest in Volvic haha.
U.S ECONOMY CRASH COMINGS&P 500 index, This is the stock market index and is made up of the 500 largest US publicly traded companies, now if you take the time to look at these companies individual stock charts like i have ( yes i have no life ) you will notice that recently some of them are in a downtrend, had a big fall or some are at or nearing all time highs so we could see some correction with the all time high stocks.
Now add into the mix that the US federal government is in $22 TRILLION of debt ( the largest debt the US has ever been in ) then add in the rising unemployment in the US 4% of the population ( 6.5 million people ) this only equals 1 thing.... A RECESSION IS COMING!!!
Now look at the chart, purple arrows are resistance which when hit last time saw a big market correction ( big drop ) Now price is coming back up to test this price again we can see another market correction on its way and where better to do this than at a previously really strong weekly resistance?
Circled in orange are all time highs, we cant see this been broken with all the information we have supplied in this analysis.
With weakness in the economy people normally run and buy gold so we could also see gold prices rise when we see a market correction, the US economy is like a bubble that is getting bigger and bigger and is ready to pop... if you are too blind to see this then more fool you.
So short the S&P and buy gold.... then laugh all the way to the closest yacht dealership ;p
KILL BRAINCELLS and BRAINWASH - the effects of TV programs todayHere we have 2 charts of the same pairing and timeframe 1 is zoomed out so you can see how strong the support level is, and 1 is zoomed all the way in so you can see how the candles are acting around this level.
We don't really need to talk about the 1st chart because it is clear as day, The 2nd chart you can see that price has really struggled to break and close below this level.
PURPLE ARROW- We can see that price finally broke and closed below this level, the bearish candle had a biggish body but also had a long lower shadow which means buyers came back into play and wanted to push price higher and back above this level, The next 2 candles confirmed this with 2 bullish candles forming.
From here we can only see price push higher after price failed to break such a key and strong support level.
See how easy it is to spot these levels, and how they work so well? so why cant everyone find these?? Probably all these reality programs they watch on TV, I caught 5 minutes of SHIPWRECKED on TV the other day and I swear it made me loose half my brain cell count, it should be called BRAINWRECKED not SHIPWRECKED! The people on there are so thick... and this is what our kids are growing up watching... we really have no hope ;p
This is just another tactic used by the government to dumb the people of the nation down and turn them into braindead zombies, get them watching dumb stuff on TV like that, because if they are watching that they believe this airhead behaviour is normal and they are staying in line and cant be learning anything else that may help them break out of the straight jacket we want them in.
Back to the trade hahahahhahahhahahah..... We are long on this trade incase you hadn't already gathered that from our analysis, and if you hadn't got this from our analysis then TURN ON THE TV AND WATCH SOME MORE REALITY PROGRMAS YOU IDIOT ;P
SCHOOLS BRAINWASH OUR KIDSAs you can se price is at a very strong support level as marked out by the orange arrows, so we are expecting a bounce and a rally to the upside.
You see how simple trading can be? So why do schools not teach the tools you need for trading if they really want people to succeed?
That's correct because they want to brainwash you and hide you from making proper money so the government can keep you in line and control you.
You go to work to pay for a lovely house that you are never in because your always at work... just so they have you by the balls and you have to keep working to pay the government there tax's.
People are set up to fail from the 1st day they go school.
Open your eyes people and don't be a brain dead zombie like they want... P.S what do you think the government are putting in your tap water? i would go and do a bit of research if I was you.
Anyway we are long on this trade.... RANT OVER ;p
The Government F#cks You Without You Even Knowing!You can see our purple arrows point out where price has been used as resistance and orange arrow are where price has been used as support.... it really is that simple!
If you can find these levels on a chart you WILL make money in the market... if not then there really is no hope!
The big boys and the government have purposely put information out there to make people believe that trading is hard just to put people off and keep them in line and in the system so they don't make money, because if everyone was rich they wouldn't be able to make money out of us.... they want us to get a dead end job and a mortgage so we are trapped and they are always making money off us to fill there pockets and power there mega yachts..... BREAK OUT THE SYSTEM YOU ARE STUCK IN!!!
The school system is set up so we fail, teaching us stuff we don't really need, telling us that if we go to university we will be better off... but most students come out of university thousands in debt and end up working in McDonalds... work that 1 out.
Then there are so many fake ass traders out there on social media flashing money, cars and houses about saying they got all them from trading forex.... the idiots couldn't even trade Pokemon cards, these idiots are probably put out there by the brokers in order to get people to join, deposit money and then loose it all because the MILLIONAIRE FOREX TRADER they believed is just some idiot who lives in his mums basement, And now the broker is sitting back counting your money.
Anyway the moral of the story is..... Find these levels on the chart and don't believe everything you see and read....... RANT OVER :p
SP500 big fall coming SP500 is destined to reach the key resistance before it can determine whether the trend is bullish or bearish. After the December crash, the price is almost completely absorbing the losses and is moving towards the EMA200 passing through the 2690 points: this is the level that will determine the future of this index for the first months of 2019: an upward break will ensure that SP500 can reach the next key resistance ( the one placed at 2815 points) in a few sessions and then try to stretch towards the previous highest level; a rejection by that level will mark the beginning of a new corrective wave that should end with the reaching of the support area at about 2200 points. So far, with the current fundamental scenario the second hypothesis is the most probable. As soon as there are both technical and fundamental confirmations, we will position ourselves in the market.
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$SPY is *blindly bullish* and I'm not falling for it anymoreThe last 16 days of SPY have been this ever ending bullish movement. We're almost at the Pivot point, but I'm taking put options early.
Expiration - March 15 2019 (56 days)
Strike - 260 puts
Stoploss - If SPY goes above 270.36
Target - 245 by EoM February
Cup-&-Handle in the TBT- Interest Rates Going Higher, Tax Probs?Hold tight for this ride, there's a variety of reasons why bond prices will stagnate or fall.
Interest rates should rise and be higher than they are now; "should" certainly isn't a reason for something to happen, but there are scant monetary policy maneuverings available for the Fed to keep interest rates low and by extension, prop the stock market up much longer.
The TBT - ProShares' 2x Short 20+ Year Treasury Bond ETF - is an exchange-traded fund that seeks to double the inverse of the U.S. Treasury Bond index on the daily. When bonds do poorly from falling prices and/or higher yields, TBT rises and seeks to double the fall of long-term treasuries.
There's a lot of reasons treasury bonds don't look so hot in the foreseeable future.
Let's first be honest about the state of the economy - it's not doing as well as the Fed and economic experts might lead us to believe.
1. Data continues to show GDP is not as strong as predicted.
GDP estimates are coming out crazy high. It's alarming to watch as the real numbers are revised lower and lower.
2. Input costs of all types are rising.
Trade concerns and commodity shortages are leading to higher input costs in sectors across the board.
3. Unemployment numbers don't reflect reality.
The unemployment numbers themselves might be valid, but the way they are calculated today is misleading. Experts claim that unemployment for college degree holders is below 2%. If the assessment is based on simply whether or not degree holders have a job, that might be true - but the numbers are false with regard to the reality of America's employment situation; an engineering graduate who is cooking pizzas for $8.50 an hour might have a job, but their pay grade is a fraction of what it would be if they could find employment in their field. Record-low unemployment numbers are no good when it means law school graduates are working as office receptionists and scientists are waiting tables, etc., and that's a more prevalent situation than what experts might lead us to believe.
4. The tax cuts aren't - and won't - help the middle- and working class as intended.
The stated goals of Trump's tax cuts were to repatriate offshore money and bring corporate tax rates to competitive levels with countries like China. Those goals may be becoming realized, but the end result is not beneficial for the little guys. We've heard feel-good stories of employers tossing out $1,000 bonuses to employees, etc., but the reality is companies are using the favorable tax situation for stock buyback and M&A (merger and acquisitions) - and as a whole that benefits people at the top much more than professionals in the middle or workers at the bottom.
So, the overarching situation is this: tax cuts aren't helping the everyday worker as much as experts might expect, and workers may be finding employment but they are underemployed and underpaid.
Bottom line? Lower tax receipts with unfettered government spending will mean the U.S. Treasury will need to issue bonds.
Bond prices will flounder and yields will rise - just as the Fed will presumably need to start printing money (QE 4?) - begging a couple questions:
How are bondholders going to get paid?
How is the strength of the dollar going to be maintained?
Simply put, there are fundamental reasons for the price of the TBT ETF to climb higher. Similarly, there are technical reasons for the TBT to rise too - a cup-and-handle has printed in TBT's chart. This indicates higher prices in the future.
A TBT trade is a little more involved than most, but could pay off with big returns on investment as the story plays out.
Please like, follow, and share, and maybe we can have fun and do great things together.
Thanks again!
See it on the site: holsturr.com/category/markets/charts/
** For speculative and research purposes - good luck! **
Why I Think Bitcoin Is a SELL!!!All right traders, I do not comment much on the bitcoin market, but I have seen just a ton of people all over the internet spitting nonsense about how bitcoin is going to $40,000 and this is just a small correction. So I wanted to put out a video talking about what I see on the charts technically and why I think fundamentally its a bad long term investment.
I'm sure this video will tick off a bunch of you bitcoin apologists, but oh well. Thats the beauty of the markets, you can be on either side.
Good luck and good trading.
I'm not yet bearish, but cautiously!In my opinion the markets are overheated and a recovery is soon overdue. On top of that, Trump has to prevent a "goverment shutdown" until this weekend. If this doesn't work out, it could at least lead to a small market correction. That's why I'm going to expand my cash position.
BTC - When Will The Overall Market Sentiment Become Bearish?We have been in a bearish market for a month now and for crypto enthusiasts this is just another healthy correction before the price blasts past 20K and, once again, silencing all the haters. Other people are feeling smug or in despair because they knew Bitcoin would never end well!
Looking on Twitter, YouTube and Reddit, the overall market sentiment is definitely still bullish with 80% of people are saying they are either HODL'ing or buying. However, the majority of people that are selling are probably not shouting about it. Bitcoin has dropped 50% in the past month in the shape of the flag continuation pattern (ignoring the noise). The volume has generally been decreasing, which is required for the flag formation, and we have hit the 0.618 Fib retracement from the recent move. On top of all this, RSI, Stochastic RSI and MACD all point towards on oversold area. All of these technical indicators favour the bulls!
In a market that has become glamourised by its profit potential, it has become the go-to for everyday people to make some quick money. These are the weakest hands and they are most likely to fold. There has been a lot of talk about regulation by Korea, China, France and now a German Central Bank Director has called for International cooperation in regulating it. The pressure is heavy and the fact that the price is declining makes it twice as worse. In my eyes, these pieces alone aren't enough to make Bitcoin plummet however we look forward to what news lies ahead.
This bloodbath serves as a reminder that we are in an extremely volatile market and we should always have a plan for every trade we do! This becomes ever more important when we are on a winning streak and we get complacent. In some ways, Crypto is the best market to learn about trading strategy as it is as punishing as it is rewarding.
I am looking for the end of the retracement to be no further than the 0.618 level drawn from Aug 15, around the $8000 mark. I will set my buy orders around this mark and if we do find support here then my first target would be $20k. If it breaks down from here, I think the overall market sentiment will turn bearish and then I will only keep my core holdings. I think there will be many news outlets claiming this bubble has burst but I would advise everyone to look for the next buying opportunities! Out of all the bubbles in the past, I think this is most comparable to the Dot-Com bubble as these technologies have an application to the world that is open for anyone to build upon. I believe in any event, the blockchain technology will prevail.
GOLD mine site explosion is imminentGold price explosion upward seems to be so imminent.
And Given the trend following method, when the candle closes over 1400 around the 1 month timeframe, new spot entry would be nice in the super long term.
Good luck
Inflation is coming, Save your money in your saving accounts.
$BVTK Continues Slow Uptrend Upwards Target .10+$BVTK ADDED TO CONTRACTORS ON NASA.GOV OFFICIALLY HAVE GOV CONTRACTS!
twitter.com
$BVTK Bravatek Now Listed Gov Contract Holders (SEWP) Order Page
www.sewp.nasa.gov
Encrypt 1 patent info. Case docketed with examiner on 6/13. What does that mean? investorshub.advfn.com … OTC:BVTK
Cellucci has higher clearance in the US government than even the providers of the SEWP contract
- Business is all about connections, and cellucci has connections to very large agencies and corporations
- Bravatek has submitted several 8ks and are waiting for the lawyers and service providers to approve and file them, as they are very rigourous in making sure everything is perfect
- They have sold Ecrypt one, and have not only governments interested in Ecrypt one but also corporations
- They are already producing revenue, and have 8 IDIQ contracts being leveraged
- Viking telecom services is already producing revenue, and has the opportunity to generate substantial revenue. Towers are run by governments agencies like the NSA, CIA, ect and they lack the work to maintain and operate these towers. My opinion is that we see government contracts for the telecom services as well for that reason.
- Ecrypt one was developed by a leading Microsoft engineer (Ian treleaven) and is so different and advanced that it would even make microsofts head spin.
-Company is in talks with many equity investors, and people/firms who would like to acquire Ecrypt One or even Bravatek as a whole
- The firms that Bravatek has partnered with through the alliance marketing program are companies with products that can incorporate Bravateks products into their own and vice versa
Cellucci has turned around Bravatek, and now it is time to head in the direction opposite of which we turned around from, which means we are going north. I personally believe this is going to be a very successful company and I hope we don't get bought out lol
Bitcoin - A view to a thrillMy take on current Bitcoin price position. I'm more bullish than neutral but I'm still waking up and rushing to check the price in the morning hoping it hasn't crashed. So many concerns with government and banking institutions stepping in. US gov, Chinese, EU, IMF, World Bank etc can take any measures they want and they will if Bitcoin threatens the status quo, esp USD. Careful out there
USDMXN will rocket up tomorrow with the government change in USAs we already saw in the previous debates and the day when the elections in the United States ended the Mexican peso suffers a lot in all that concerns to Donald Trump, the day he got elected this currency lost a lot of value against the USD.
The same thing will happen tomorrow, this is a total bullish forecast.