Bloomberg
It is time to review..! Quality matters..!20 days ago when Bitcoin was between 39-40k based on a prospective modeling I said there will be death cross in the June,
My predicted date was June 21, 2021!
Compare the quality of my works with Eagle eyes chart watchers ..!
Link to original post:
Many people called me stupid, scammer, ...etc, but at least I know I started this to help others!
I know I had mistakes but review my works and judge yourself..!
Today I noticed Bloomberg has published an article talking about death cross ..!
www.bloomberg.com ]url=https://www.bloomberg.com/news/articles/2021-06-08/bitcoin-barrels-into-death-cross-as-chartist-backdrop-darkens?utm_content=business&utm_source=facebook&cmpid=socialflow-facebook-business&utm_campaign=socialflow-organic&utm_medium=social&fbclid=IwAR3OaINz2ULNodID4_k3Zgyncx5KL5CFM5tuVAaOTPDfEL8-p9HoYpceBFI]https://www.bloomberg.com/news/articles/2021-06-08/bitcoin-barrels-into-death-cross-as-chartist-backdrop-darkens?utm_content=business&utm_source=facebook&cmpid=socialflow-facebook-business&utm_campaign=socialflow-organic&utm_medium=social&fbclid=IwAR3OaINz2ULNodID4_k3Zgyncx5KL5CFM5tuVAaOTPDfEL8-p9HoYpceBFI
BITCOIN: Momentum slide DOWN; 30%+BTCUSD
The LO pivot points this year have set up the potential for those stops (under these levels) to get triggered in succession beginning with the April 29th pivot last week.
Each RED level will provide either very short-term support or will exacerbate the selling momentum, triggering SELL stop orders for the break-out trader and clearing out the long's remaining SELL stop orders, increasing the selling volume down to final price support at the Jan/Feb LO's (YELLOW line).
I will be selling through these RED levels building a position as it capitulates.
As with any thesis and preparation, what if these levels prove as support? Then we have HI resistance above in the RED zone upwards towards 75k. I'll trade accordingly.
EURCAD -- WKLY HOLDING; 500+ PIPS!EURCAD:
May have missed this entry and if it comes back lower, will accumulate longs to target back into the VALUE AREA we left last month.
The idea here is we've exhausted any leftover longs from several months ago and brought in new players (stop orders), to the short side, that we'll need to flush out on the way back up, while using the buyers coming in on the re-test of these LO's from last year.
Bigger picture in play.
EURAUD H4 - Short SetupEURAUD H4
We've broken support here at the start of the week and already offered a retest.
Another potential wick retest could be great, effectively offering a us a maximal short entry with a lucrative RR of 1:6. Need to make sure we don't close and set a new HH though.
Shorting down to support potentially, and then buying back up to the zone we could potentially short from.
Are you an ADA believer? I follow the HawkLegendary stakeboarder, Tony Hawk has made a ollie 540 stunt into the non-fungible token (NFT) mania by auctioning on Ethernity Chain. "There is a lot at skate here" he commented.
Cardano price Boom berg came from an ongoing craze for NFT, the release of Cardanokidz, and the new listing on Cornbase.
Are you an ETH or an ADA believer?
I follow the Hawk.
Zoom out to see the the big picture
GAMESTOP -- Keep this simple. Late to the party on this one? No worries, it's still game-ON for profits.
Now that there are key ranges in play for ALL to see, this becomes easier to read. Do not complicate it any more than it needs to. Zero moving averages, zero indicators. Read the charts and follow the potential moves from these highlighted areas. Use your own methods for entry, but these are higher probable turning areas I expect to watch...double tops, double bottoms, false breaks, value reversion trading at its best.
Shorts are in the RED and longs are in the GREEN. The current value range WHITE has been created for us to use as targets.
Very similar to my BMBL IPO trade last month.
*Ideas are my own and not as recommendations
BUMBLE IPO -- $10 MOVE; CHEAP DATE!
Time to watch another IPO NASDAQ:BMBL
Usually the initial daily price range of anything that has zero history, will give strong support and resistance levels the 1st time they are met, with profits zones back to the opening daily range.
That said, as the chart suggests, I'm looking at $88 as a topping out point AND OR $61 as a bottoming point, both giving the potential for a $10 (10%+) play.
*There is a temporary price level that could be used for support and or resistance going either direction. Certainly a point to watch, if its needed.
*This is my trade idea and not considered as advice*
Bloomberg Bloomberg Commodity Index AWH CONTRACT UNIT $100 times the Bloomberg Commodity Index
PRICE QUOTATION Index points
TRADING HOURS CME Globex: MON-FRI 8:15am-1:30pm
CME ClearPort: Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
MINIMUM PRICE FLUCTUATION .10 Index point ($10.00 per contract)
BTIC: 0.01 index point ($1.00 per contract)
PRODUCT CODE CME Globex: AW
CME ClearPort: 70
Clearing: 70
BTIC: AWT
LISTED CONTRACTS Mar, Jun, Sep, Dec
SETTLEMENT METHOD Financially Settled
TERMINATION OF TRADING 3rd Wednesday of contract month/ 1:30pm
SETTLEMENT PROCEDURES Bloomberg CI Settlement Procedures
POSITION LIMITS CBOT Position Limits
EXCHANGE RULEBOOK CBOT 29
BLOCK MINIMUM Block Minimum Thresholds
PRICE LIMIT OR CIRCUIT None
VENDOR CODES Quote Vendor Symbols Listing
SPX Shorts History repeating itself from last weeks bounce History is repeating itself on both indexes. $SPX500 & $DOW seems to be rejecting today's earlier move up on vaccine news with #Covid-19 cases still on the rise we will be selling off on this news for the remainder of the week we already got a major buy move this morning which is more than enough to sell off until at least Wednesday and from Wednesday on we should be looking at some buys perhaps.
5000 PT NASDAQ RECOVERY!?!?Anticipating future #Nasdaq moves...the bigger picture.
Overall market moves higher, but possible 15% decline that could begin at around 10600. If support holds the 8700-9000 area a 30% rally ensues towards 11600, which concludes the completion of a 5000 pt recovery cycle off the COVID19 LO's.
BITCOIN The ultimate BUY ZONE on the road to $7500. 1DBINANCE:BTCUSDT
MA 200 still flat (long term).
MA 100 still flat (long term).
MA 30 bullish (short term).
Vol 200 bullish (long term).
BVOL decreasing (long term).
BVOL 7D flat (mid-term).
BVOL 24H flat (short-term).
Dalio sees $5 Trillion hit to U.S. income : RT @BloombergLive: Missed our #BloombergInvest conversation with @RayDalio? You can catch @ErikSchatzker's entire interview with the @Bridgewater Associates Founder and learn what he's predicting during the COVID-19 economic downturn here: t.co t.co
If the current price can hold above this level, at least one technical measure suggests Bitcoin could see a run to $8,000, where the coin was trading ahead of its massive drop last month. The $7,000 threshold was a solid support line for Bitcoin between November and January -- remaining above it could provide support should it decline again.
Bitcoin could ascend to the $7,500 level, according to Craig Erlam, senior market analyst at Oanda. “It’s struggling to gather the momentum required to break the barrier down but as we know with Bitcoin, that can change dramatically in a heartbeat,” Erlam wrote in a note. “If it breaks through those levels, then we could be looking at a healthy surge and another run towards $10,000.”
Source : www.bloomberg.com
China is slowing down, the US homes sales are growingYesterday was notable for the fact that for the first time in an epidemic, the number of new cases in China was lower than in the rest of the world. On the one hand, this indicates a reduction in the epidemic in China, and on the other, the continuation of the deterioration of the situation in the world. Since the situation with the epidemic in China is improving quite rapidly, we can begin to summarize its preliminary results. And although it’s too early to talk about specifics, some estimates can be obtained already here and now.
These are the so-called early response indicators. For example, Bloomberg calculates 8 early response indicators for China. So 5 out of 8 in February decreased. But this is not the worst. The February indicators of business confidence fell to the lowest values in the history of observations. Business can be understood: the sales of new cars and real estate in China fell by more than 90%.
Bloomberg data is also confirmed by a monthly study of the health of small and medium enterprises in China. The results are record low in the history of such studies.
As for the more classical metrics, it is expected that China's GDP growth will decline to the lowest levels since 1990. Goldman Sachs, for example, expects China's GDP growth in the first quarter by only 2.5%.
A sharp slowdown in the economy is frightening not only by the fact of the slowdown but also by the problems that it carries: rising unemployment, increasing bad debts, increasing bankruptcies, falling financial results of companies, decreasing domestic demand, etc.
Speaking of official statistics, the first signals will appear on February 29, when the February PMI for China will be published. As expected, it will fall to the lowest levels since the global financial crisis (while some experts predict even lower values).
Yesterday's data on sales of new homes in the USA looked rather provocative against this background: in January they grew by +7.9% to 764,000 with a forecast of +3.5% to 718,000. However, we will see what will happen there in February, especially in light of the Center’s warning the United States Disease Control and Prevention Regarding the threat of a possible spread of the virus throughout the United States.
In general, the situation continues to be tense and for any positive, whether it is a decrease in the number of patients or the development of a vaccine, there is a negative right there (problems in the economy of China and the world, the spread of the epidemic, sales on stock markets, etc.). Accordingly, we do not see any reason to radically change anything in the trading plan.
So today we are looking for points for buying gold (but we are careful - we buy on the slopes with mandatory stops), we sell oil, we sell EURUSD, we buy GBPUSD, we sell USDJPY with small stops.
The 2020 Presidential Election (Pat's Crystal Ball Vision)On this cold wintry night in North East USA,
I trek through the wet snow, and down the rock wall through the rabies ridden ravine of plastic and brush, close to the steaming waters of the Passaic River.. ONLY THERE is where I gathered my supplies for the future eyes. A nuclear salamander, a deformed frog, a defective exhaust pipe, a bit of river pool slime.. everything I needed.
A flash freeze, to an immediate smelting, A slow mix with a pinch of salt..
And as I looked into my crystal ball
This is all I saw
The older I get the more cynical I am of politics. I'm not one to argue about them, but I definitely have more of an opinion than I did when I was 18. I don't know enough to say who should do what or where or when... I just like to look at charts..
Opinions from all sides are welcome