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November

DOW JONES: DON'T PANIC!The week before last gave us a shooting star/doji. The following week resulted in a pull-back that has everyone scared. For now, we held lower parallel support. However, I'm leaning on the prospect of more downside for now. The markets are telling us something: there is clear concern over the mid-term elections. If Democrats win, I'm sure that would pour water on stock market fundamentals. The Democrats seem to be in a state of emotional meltdown. Any Democratic victory may render the United States uninvestable. As the crown jewel of American industry, the Dow Jones may enter a serious bear market. However, I do not foresee that happening. I foresee a Trump victory - not only in the mid-terms, but for 2020. So, stay with the trend. There will be an amazing buying opportunity soon. Should last week's low give way, it opens up the possibility of falling to the year's lows. Even better: we take out the February low WITHOUT closing below it, on a weekly or monthly basis, creating a severe snap-back rally. THAT would be an incredible trade. I am bullish the Dow Jones long term. I am bullish the Dow Jones in the medium term. But bullishness must be fueled buy the consensus being on the wrong side. We MUST create the conditions that prompt the majority to believe that stocks will go down, in order to go up. This could be a period of sideways consolidation, in a large range. Or it could mean a spike down that 'washes' everyone out, catching them flat-footed. Such a move is possible. Was last week the spike? For now, I think not, as I believe the markets are awaiting confirmation in US politics in November. I await a signal to enter a full position long. As long as we remain below the 25760 area (prior support turned resistance) on a closing basis, I will be taking short scalps, ready to roll into a long.
OANDA:US30USD
by TheRealPeaches
ARN/BTC - 30m - Ready For Round 2?We see that 0.00012000 BTC acts as a new support after being a strong resistance. November 15th: Airdrop to all ARN holders (CBM) - after a healthy cooldown, ARN is ready to take it to the next level. Enter: 0.00012400 BTC Targets for the next hours: 0.00015400 BTC Target for the next 3 days: 0.00021000 BTC Enjoy the show! Leave a thumbs up if you like my idea and let me know what you think! This will keep me motivated :-) Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only.
ALong
by Anton_XBT
4
Ethereum - A Contender for the Crown, or Impending Ice Age?One of the fellows following me asked me about Ethereum, and in the process of answering his question, I started on the analysis and figured I'd just finish it and post it. Ethereum is a coin that I was really interested in when I first came back to crypto in July. As time has gone on and all of this bubble has played out, I have become increasingly bearish on it for the following reasons. Ethereum is a solid project and Vitalik is a very capable and respectable guy. That being said, the value of this token intrinsically is actually pretty small, as one can quite easily see that the reason Ether has scaled in value is from demand and hype from the ICO phase, along with the potential that Ether could possibly dethrone Bitcoin's first mover advantage. The ICO phase is now completely destroyed and will never return. The bag holders it has left behind will never return to crypto and never be able to recover their losses, and that's not even counting those who got ripped off amidst scams. It seems virtually none of the dApps that have come out are particularly groundbreaking or real-world usage to justify the enormous market cap they were once demanding. Arguably the best coin in ERC20 was OmiseGO, and that token is in brutal falling knife decline. Worse is, when it comes to the idea of "The Flippening", Ethereum has a fundamental problem in this upcoming challenge because Bitcoin Core (BCore)/Blockstream has planted the BGold fork with a Proof of Work change to GPU mining. This means that if the day comes where the Bitcoin Core blockchain loses hashpower to Bitcoin Cash or Segwit2x and BCore parachutes to BGold, Ethereum will eat nuclear pain via multiple red candles because it'll lose its GPU mining network to BGold as BGold pumps in profitability. Furthermore, think about it: What's the difference between Ethereum and Ethereum Classic? Ethereum Classic is ~$10 and Ethereum is $300. I realize the history of the fork and the differences between the two, but there is absolutely _not_ 2900% benefit to ETH over ETC, and so ETC pricing could be something that ETH returns to in the future. Looking at the technicals we're in an ascending triangle and Ether should be building pressure to retest the ATH line. Ideally, the ATH line should be flat, but we can see the last run towards $400+ was anemic even amidst bubble mania. Right now, on the 6H chart, we have a red kumo twist, it has broken the bull run trendline from $16, and both MAs of Willy21 and Stoch RSI show downward, collapsing momentum, and momentum just logged its first purple tick. (Edit: This has changed since I prepared this post last night). All this is great, but keep in mind, this pattern is not surprising for consolodation either, attracts a lot of short sellers, and can be squeezed very hard. With everyone throwing their hat in the ring for who can become "Bitcoin" in November, I'm sure Ether will make itself known. But right now, neither price actions nor fundamentals are looking particularly healthy for it. I wrote this last night and didn't publish it. In the mean time, Ethereum just had a nice spike and may be waking up for exactly the scenario above. A breakout above $325 would be indicative of a new run. However, for the size of breakout it is (small), it's extended the oscillators pretty far, so it may end up failing and breaking down quicker than it looks, and it may continue to break out upwards.
BITFINEX:ETHUSD
by RiversAndMountains
11
DAX 29/11/2016I would prepare my strategy for tomorrow as follows. I would start getting a bearer, waiting at level 10520 to put a bullish entry waiting for a pullback up to 10560. Finished the pullback would make a second entry from that level expecting to close as take profit the level 10490. Total of pips approximated to that of the 200: 90 operation First entry, 40 of the pullback and 70 of the last entry. It would move the Stop Loss to a position of Stop profit near the level of the pullback, being in the case of a change of direction to be able to take advantage of the first operation. I would move it close to level 10570. Take Good Trading
FX:GER30Short
by Swordman
Bullish Bitcoin Scenario Valid till December 1stBeen few days wanted to publish this so here it goes. All reasons to buy in are on the chart (see above) A failure of this scenario to the should be considered ONLY if ONE of those is fulfilled: 1. the 1D RSI drops back below the red trend line - to not recover 2. if we fail to move above 385 between now and November 16 3. if we drop below 330-340 (support fails) 4. if the 1D bullish cycle is weaker than its April 2014 counterpart.
BLong
by BitcoinGuru
2
November Bitcoin Prediction 2014I think a test of the 2000 level in china is going to happen quite soon. It seems as if the only buying pressure coming off of the last selloff was from short covering, which is not bullish. Natural buying pressure seems low, but this may change at lower prices. Support at 2150 is strong, but may break soon; the next significant support level is around 2000 yuan. Currently, there is no clear sign that the downtrend has finished. To me, it appears that the bitcoin market is responding to negative/bearish developments in gold and the U.S markets, while it has little response to any bullish/positive developments. The last correction that peaked at 2500 yuan did not break any significant resistance levels and to me did not suggest the end of the bear market. For me, a clean break of $450 would be a convincing bullish case. Therefore, I may as well assume the downtrend is not finished, and very well may go parabolic at the behest of more negative developments or naturally. In my worst case scenario, bitcoin continues the parabolic trend and makes a low around 1200 yuan or $205. In this case, there could be such panic that it could drive us even lower. This case is represented in yellow and purple. Another case would be a retest of 2000, where bitcoin found significant support before continuing the ascent; this could serve as enough support to prevent us from making a new low and carving out the beginnings of an uptrend. This is represented by green and red. I think the last scenario is not likely, but possible. There, bears are too weak to break 2150, and we go up from here. I don't think this will happen just because of the lack of interest in this price level for bulls. Bears have not made the next move yet, but they have plenty of time. It is always good to consider all possibilities and to expect that the market may not do what you predict.
BShort
by Yolos
6