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Bearish SignalsFirst off, I'm not the best @ TA, so I would appreciate it if a mistake is seen - please tell. Multiple bearish signals on Ichimoku cloud, RSI, MACD. Very similar pattern is evident on GS & MS. Default rates on student loans, retail, & personal are climbing. Combined with a mediocre jobs report, this spells out trouble for banks. However, to me, the most important thing is that big banks have continued to do sub-prime loans. They are the loaners of the loaners of the loaners. Many 2nd & 3rd tier subprime loaners have defaulted and declared bankruptcy. This is not good news for big banks, who, in my opinion, have got greedy, again. On top of this, banks did not do exceptionally well in earnings considering the tax cuts of President Trump. Nearly $200B in likely exposure, at minimum, for the top 6 big banks alone. wolfstreet.com wolfstreet.com (I quite like wolfstreet, very well researched analysis, reasonable article, in my opinion) www.forbes.com
NYSE:BACShort
by GainMachine
BTC before a big move ?!It seems like we are in a huge squeeze here ! This could be either a damn good buying opportunity or the last chance to sell/short ! +We need to break the resistance at 7000ish and we could possibly see a rally (hopefully). -the support though isnt far away, so if we break below the support significantly, that wouldn't be a good sign. #So my advice to you right now is to stay alert and watch the charts ! Good luck trading *Trade at your own risk ! This is not financial advice !
BITFINEX:BTCUSD
by Sofsayen
2
Possible 700% gains for iotaAs you can see iota has already finished wave 1,2,3 and nearly 4. It has been in the channel and bouncing of the upper resistance for a long time now and is right on it again. We have also had a pretty strong bounce of the wave 1 resistance. Using elliot wave and assuming wave 5 will have just about the same lenght as wave 1 we can target around the 10 dollar range for its fifth wave. Watch out for BTC though because even though IOTA might break out of its channel BTC has the power to drag it right back in if it starts tanking again.
BITFINEX:IOTUSDLong
by Victorvddonk
3
DXY: Dollar Index trade set-ups todayDXY: Dollar Index - A Big day ahead for the Dollar Near term Key to Gold, WTI, Brent and Pairs The dollar is stooging around now having fought itself to near stand-still - it's likely to start moving in a tight 50 pip range at 89.30 above and 88.79 below - will whipsaw most likely later today...can play the whip if super slick (not me!) or can stand back and wait for the dust to settle.The key levels are shown on the chart...can dip to the blue support line below it at 88.79 today but must break it to retest the low...which must hold or we have a major near term selling climax likely down to 87.70 ish dynamic support (buy there if you see things stop sliding here) And on upside it has to clear and hold above the recent highs by more than 5 pips - so at 89.66 - and we should know then that the dollar is turning positive again - it should be safe to follow with stops a little below 89.28 when the trade gets triggered (stops are better judged by the individual though, depending on risk profile) Once the dust settles gold and pairs and oils can also be traded with more confidence too.
TVC:DXY
by sumastardon
Aquabounty Technologies INC, The Current Giant Gainer Aquabounty Technologies has been the biggest gainer currently and this gain came during a really bad performance. It was leveled at a strong channel of around 3.10 to around 3.30. It went on a very big bullish run and it broke 8.55 today on a very big scale. A downfall of 4.50 to around 5.10 can be expected. The stock will surely find support at 3.05 to 4.05 channel and keep that form until the end of February where it will have small upswings and downswings but it will definitely not lose its form of the channel.
NASDAQ:AQB
by AlbanSako
1
Bitcoin: BTCUST Big .618 Fibo: still bearish Bitcoin BTCUSD Apologies for leaving Bitcoin unattended yesterday, busy with other business. It was left 'positive whilst above 15485'. Well that didn't last long. This level was lost to bears early in London yesterday and the subsequent rally took BTC all the way back to up to the 15485 blue line precisely - before falling away again by 1800 points. It was strong above this line and weak below it...but why so weak? Readers will know that usually not much heed is paid to Fibonacci levels - they tend to work sometimes in FX markets - and for every .618 that can be produced, there are 12 more that can't - so they do occur, but as a trading tool they are not much use to us, about 90% of the time. But for once it just could be that Fibonacci has revealed a bigger, more frightening pattern hiding in the noise...Bitcoin is a currency after all. If you were looking for one last 'hurrah', one last 'suckers' rally' it would to sell the .618 retracement of the entire decline from the high just under 20,000 to the low just above 11,000 (on Bitstamp feed). And guess where that .618 would take Bitcoin up to before the real real decline then sets in ? That would be 16394 for the next rally high...followed by the REAL decline and fall. Bitcoin in fact made a high in China the night before last at 16476, just 29 points above the blue line and next upside target at 16447 - it fell 2000 points over the next 11 hours before rallying 1000 (exactly 50% of the previous decline) to 15485 key level for the day and reached at midnight GMT (10 hours ago now) before falling away again by another 1800 points. So Bitcoin continues to behave technically by the book. But this is bad side of Bitcoin we're seeing now, not the good. And that big Fibo says it's not over yet. We are not looking to buy again yet until the dust settles, and that won't be soon by look of chart at moment. This little rally from usual 5-6am GMT lows is not to be trusted. We look to short it from higher up...(or keep all powder dry until we see a proper bottom defined further out in time, which we will try to get close to when it comes). It can rally to 14539 and perhaps push into the next line of resistance above here, at 14648-14700 but not much higher (for sure 15485, which was support yesterday, is now resistance and is unlikely to be breached until the downside has been tested first now. Can also sling a support line under the lows of the day so far to give a short signal - look to short once broken..should test the underside of this trend line once broken lower and recoil down again...can short then with stops above the line by at least 50 points . Otherwise we stay on the sidelines.. This is no place for brave buys. We wait. Bitcoin is getting interesting, buyt for all the wrong reasons now. But soon this will present an opportunity. For most then, powder dry. We wait. Like ravens have to wait for the wolf to finish his dinner, so must we.
BITSTAMP:BTCUSDShort
by sumastardon
3