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SPX normalised XBT chart.BTC is still presently being treated as a risk asset. IMO, only when the need arises globally (i.e. significant or even hyper-inflation), could it then potentially decouple (i.e. think Venezuela), and be treated more as a safe-haven. This chart shows the Bitcoin (XBT) chart normalized by the S&P 500 index (SPX). A 50/200 SMA golden cross have only just emerged on the 1Mar2020. Will continually monitor this chart can update this publication periodically. :) See also my recent analysis on the S&P 500 chart: On the 1D chart, we technically have already entered (at the very least) a mini-recession. Will this transform into a full-blown recession or even a depression? Whether the weekly 200 SMA will hold will tell. Fundamentally, the bubble have already gotten wayyy too big -- Obama, instead of fixing the underlying problem, allowed the issue to continue by bailing out the broken banking system (taking tax payer's money to feed the welfare system for the big corporations and the mega wealthy -- where the CEOs and corporate executives had continued to shamelessly pay themselves massive bonuses and pay-cheques after collapsing the economy, while cutting jobs and pay for the middle class staffs; and after that, Trump continue to feed the bubble into the monstrosity it is today (with debt that needs to be paid back sooner or later). Trumps's answer to the crazy US debt? "Easy we can just print more money". Long-term, I remain cautiously bullish on Bitcoin. :)
BITMEX:XBT
by cybernetwork
Broadening top formation on Gold is breaking down. 1440 soon?Gold was chopping around in this broadening top formation, and ended up breaking it to the downside. We then tested the previous rising support trend line as new resistance, and were rejected. Gold is now trading underneath the previous rising support trend-line, and is hanging on by a little bit to this 1490 support zone. Ultimately I think Gold heads lower toward the prior resistance zone around 1430-1440, which should now act as new support. Levels to watch: 1490 (Current support zone.) 1430-1440 (Prior resistance zone which should now act as new support.) Rising support trend-line; watch and see if it continues to act as resistance, or if it is reclaimed as support. -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
TVC:GOLD
by Deftsuo
SPX has entered the complacency phase in my opinion. I believe there is a very strong argument that the SPX has entered in the complacency phase of the Wall Street, "Psychology of a Market cycle". The SPX has been on a 10-year bull-run, and at this point, I really have my doubts with how much longer this can continue. Of course it is being propped up for a variety of things (stock buy-backs, plunge protection team, etc), but market cycles are inevitable, and I believe a bear market/recession may be in the cards sooner then most people think. Do not get complacent and over-confident that this will continue to go up and make higher-high's. Link to the Wall Street, "Psychology of a Market cycle": ritholtz.com Moving average guide (All weekly moving averages for this post): 10 MA in Orange 20 MA in Pink 50 MA in Green 100 MA in Yellow 200 MA in Red -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk.
SP:SPX
by Deftsuo
NIFTY 50 Looking to Consolidate Soon For those that are following this market and are invested into this index, it looks like there is some consolidation that we can expect in the very near future at some point. The Indian markets are not immune to the same thrusts, ebbs & flows of the general markets. As of right now, the DJI is currently getting pounded and so is the SPY as well as any other indices that is tracking European + U.S. stocks currently. Conversely, the NIFTY 50, NIKKEI and other Asian indices are doing well. Potentially because of dollar flight into those markets. However, one fundamental key that investors should be remain cautious of is the excessive debt incurred by the Indian government. Recently, the Indian government replaced the board of Infrastructure Leasing & Financial Services; a move that could greatly reduce foreign investment and reduce overall faith in India's sustenance over the long-term. The financial outlook for India has persistently looked bleaker on a month over month basis for a while, but few have seriously paid attention. The tip over of the Indian markets could cascade into other markets in the East and eventually have a global impact. This is worth seriously monitoring.
NSE:NIFTYShort
by librehash
BCH CLOSE TO A DECISIONHey Everyone, Happy Monday from where I am here in Bangkok, currently! Looking at BCH, I haven't added my Elliott Waves to this chart, but have decided to go with some move traditional charting and super easy with Crypto. Crypto LOVES LOVES LOVES triangles, it thrives on them, it is a key part of trading and simple to use. All you need to do is draw support and resistance lines and trade the break out or break down, it is that easy. Combined with some Elliott Wave 8 times out of 10 we know the direction the triangle will break. :) There is a Hard Fork coming in 2 months for BCH - where BitcoinABC will break away... so I expect a rise with the hype and sharp decline closer or just after. REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3
B
by LisaNEdwards
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