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Confidence

Could ECM serve a purpose for the Crypto Market?Hi there, i'm sorry to say but i can't give any substantial input because Economic Confidence Model (ECM) is far beyond my Kung Fu and a lot of precious content is behind a pay-wall. I would like to know if there is anyone here willing to share his experience and knowledge about ECM and whether there are chances e.g. to build correlations and thus indirectly make a use of ECM for the crypto market or not. Or whatever purpose it might serve. All i can say is that ECM is based on Pi which is, like fractals and fibonacci numbers, one of the gifts from mother nature we can use to analyze charts. To get a comprehensive overview on ECM and it's inventor Martin Armstrong i recommend watching the documentary "The Forecaster". After watching it, i felt like i just faced awesomeness. (: You might hate him, you might love him. It doesn't matter here. ECM adds another view to complete the picture as a whole. This is the only thing that should matter. I have added USDJPY to show how nicely a price might follow ECM cycles. I'm looking forward to interesting comments. Sincerely Source: Economic Confidence Model – When One Nation Peaks Another Bottoms
BITFINEX:BTCUSDLong
by EduardZimmermann
7
EURO/USD - Watch The Breakout - Final Days Of 2016 PipsHi Traders, We continue to monitor EURO/USD for a breakout. As you can see price has not been able to settle above the key resistance line (Blue) however price has advanced in an upward direction finding support on the lower trend line (green). We feel a catalyst is required for price to breakout and we have 3 opportunities this week for price to breakout. Today we have US Consumer Confidence which is expected to be bullish. Tomorrow we have US Unemployment Claims which are expected to be bearish. Our view is that technically price is in a bearish trend and thus we feel more inclined to sell the Euro than to but it. With that said we cannot rule out a larger correction spurred by negative US economic news. Our advice is to set alerts on the Resistance line and Support line and to take your trading direction on price breaking out of either of these lines. You could also trade the range with small stop orders on either line a sell on the resistance line and a buy on the trend line. We'd risk 10-20 points at most for this style of trading. We wish you luck traders and hope you can close the year with a decent amount of points on a breakout. Trade brave.
by EuroDollarExpert
Slow but Graceful Recovery ?It appears that since the investor relations conference call that generated a positive spike in March, confidence is slowly returning as the FOREX giant recovers from it's unexpected losses in response to the Swiss Franc debacle. Given the longevity of current market forces, it may be able to return to near last years operating levels by the end of this year. As a side note, the dire predictions of falling to 45 to 47c seem to have been based more on emotion than fiscal reality.
FLong
by phFactor
1