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GOLD 1 live 2 die, decide FOMC interest rate .In the wake of the Great Financial Crisis, Federal Reserve Chairman Ben Bernanke introduced a number of unconventional policies, including Quantitative Easing, one of the most controversial programs in the history of central banking…but the more lasting and undeniably effective policy has been ushering in the era of “communication-as-a-policy-tool.” Over the past decade, there have been 83 FOMC meetings, with the interest rate decisions and market-implied pricing playing out in the following way: In 72 meetings, the market was anticipating no interest rate change, and the Fed left rates unchanged. In 9 meetings, the market was expecting a 25bps hike and the Fed delivered a 25bps hike. In 2 meetings (July and September), the market was expecting a 25bps cut and the Fed delivered a 25bps cut. In other words, the Fed hasn’t gone against the market’s pre-meeting “conventional wisdom” even once in the past decade. With traders pricing in a 96% chance of a 25bps rate cut tomorrow according to the CME’s FedWatch tool, the FOMC will almost certainly cut interest rates 25bps and run the streak to 84 consecutive meetings. traders will key in on the committee’s characterization of international trade in the wake of progress between the US and China on trade, as well as any comments about the recently-slowing growth in job creation. In addition, the central bank’s decision last month featured three dissents (Bullard in favor of a 50bps cut, and George/Rosengren in favor of leaving rates steady); any further “dissension in the ranks” would introduce an element of uncertainty to the future outlook for policy. Analysis GOLD H4 is moving in a triangle, the amplitude is quite wide and has not broken through the upper and lower border. However, with the formation of lower peaks on the H4 time frame, yesterday candle closed below the strong resistance zone, h1 h4. All are present for the upcoming GOLD price drop. H1 appears the supply zone in the discount channel. However there is strong news today. GOLD sell 1496-1497 SL 1500 TP 1480 Buy GOLD around 1474-1476 SL 1472 TP 1490 Trade Safe
OANDA:XAUUSDShort
by MCHTRADING
5
Bitcoin Is Stuck! - Let's Move ItIt’s been a month, since bitcoin has fallen from $10,000. I remember how it hurt, although we had all positions closed, but for many investors it was their last trade. Konikko was telling me how this tumble was similar to previous drop a year before (From $6000 to $3000), the good thing is, we can look at that pattern and see how the situation developed back then. Here is what he said: “I have feeling like no one understands the situation, only few in the lobbies. Look, they think it will drop, we think it will grow, but there is a big misunderstanding, because bitcoin simply does not move, it’s stuck on the same level, so there is no sense to publish long-term predictions, short-term would be better” We were chatting in his office, at the end of the day, the sun was setting, it looked fine, but instead of satisfaction, I felt like we were both very tired and I am convinced, that everyone is tired of waiting bitcoin to shift seriously. Konikko is still sure about bull trend, me too, but it was just annoying. I am quiet, because I know that at the end hard work will pay-off.
Long
by konikko
7
ORBEX: CHFJPY - Open Triangle Top Trendline Penetrated!It looks like the corrective wave (2) of the bullish intermediate degree has ended at 106.74 with an open triangle pattern formed in minor wave C of the A,B,C correction. The recent breakout outside the triangle barriers looks impulsive (as seen in minute 5-wave upside move) and fresh highs could be expected. In the short-term, we could receive a brief pullback before continuing higher to take out minute wave (iii) near 109.40. Or, we could get there first and then receive a pullback. Minor wave 1 is expected to end near 110.23 and as part of the intermediate impulse to the upside, minor 5 has a long-term potential above 120.00. This opportunity would be invalidated below 108.00. A break above 109.10 and then 109.57 would be validating the longer-term outlook. Stavros Tousios Head of Investment Research Orbex
Long
by Orbex
Bitcoin - As Horizon Fades - Short-Term - Part 5Cryptocurrency Market Stalls As Horizon Fades The cryptocurrency market appears to have stalled out in the wake of several fundamentals that failed to deliver. Bakkt’s weak BTC futures debut and the withdrawal of VanEck SolidX’s ETF proposal both adversely affected the market, and today’s slump is a direct result. Investors and traders look to impending fundamental factors as price drivers. In their absence, traders only have charts upon which to rely, and it goes without saying that BTC’s chart hasn’t painted the prettiest picture in recent weeks. The turbulence of the market has sidelined all but the most adventurous traders. As far as rollercoasters go, this one has been pretty thrilling, a little scary, and entirely unpredictable. Additionally, the BTC hash rate flash crash didn’t do anything to assuage investor concerns that the Bitcoin network is both secure and stable. An easy way to gauge just how few traders have a sense of direction in these tumultuous times is to read a Crypto Twitter feed. Currently, it appears that all of Crypto Twitter is expected a drop to the $6K range, if not lower. The more posts you see about meta-crypto topics, things Binance is doing, or dogs, the deeper in a bear cycle the market is. While there is, without a doubt, every possibility a sizable decline will occur, we’re not entirely sold. That’s alright, though. We’ve said this before, and so have many others, but it’s always worth repeating: Markets move in cycles. The BTC halving is approaching, and quickly. Getting in position to take advantage of the presumed price run leading to BTC’s quadrennial event will be the modus operandi of every intelligent trader in the market. At the time of writing, BTC appears to have stabilized above $8k. Without any fundamental price drivers in the immediate horizon, the next milestone to look to is the May 2020 halving. In our humble opinion, the rocket is refueling. But, if you’re the one strapped in the rocket and waiting for launch, it’s easy to become impatient with the process you’re unable to see. Rockets aside, BTC is currently cooling at $8,200 – a far cry from $10K. Crypto’s #1 is throwing mixed signals into the air. Both weekly and 2W timeframes displayed clear weakness by closing below HTF demand OB EQ at $8,259.80. Additionally, there is an olympic-size pool of demand resting below us from $7,200 to $6,000 - $5,650 . That roughly translates as traders notGiven that, we won’t be surprised to see BTC find a price floor above the catastrophic lows being predicted. Will quantum computing break crypto? A requisite ability in any cryptocurrency investor’s skillset is that of reading seemingly disconnected events for the ways they may be relevant now, or in the future. Case in point – Google reached its “quantum supremacy” milestone, meaning the company’s rudimentary quantum computer outperformed a traditional one. In a nutshell, quantum computers can easily run through impossibly sophisticated computations in the blink of an eye. Whereas a cluster of some of today’s best computers may take months, to complete a complex calculation, quantum computers will do them in seconds. What has that got to do with crypto? Bitcoin, Ethereum, and the rest are cryptographically encrypted digital assets. Their security is guaranteed by the difficult calculations required to append transactions to the blockchain (via mining). However, a quantum computer, in theory, can easily power through the calculations which cryptographically secure digital assets today. In essence, quantum computers can potentially break blockchains. In response, blockchain architects are generally doing one of two things: 1. Researching and deploying quantum-resistant cryptography as quickly as possible. 2. Deploying quantum-based blockchains which play nice with their computer counterparts. This prospect has been thoroughly researched arxiv.org but can’t be undertaken until quantum computing is established, stable, and well understood. Concerns over how the rise of quantum computing may affect Bitcoin are well-founded but early. Google and IBM have both progressed much faster than anticipated, though their prototypes have a very long way to go before posing a threat to Bitcoin or blockchain generally. Technologies also grow in tandem. As progress is made in the quantum computing arena, there will be trickle-down and cross pollination to other sectors – like blockchain. Back in 2013, Ethereum founder Vitalik Buterin tried to get funding to build a quantum computer himself. More recently, he suggested quantum-resistant Lamport Signatures as a way to future proof blockchains. For additional reading on the subject, we suggest the following research paper titled “Bitcoin and Quantum Computing” > for more read this Article //arxiv.org/pdf/1711.04235.pdf Well keep you updated as this timely issue evolves. We go together Together we are stronger Share and like I am not Bearish long term. I am a Bull of Bulls. Thanks God bless you! =============================================================================== Twitter > twitter.com Telegram > t.me =============================================================================== CAUTION! DISCLAIMER Trading is risky. Here s a small explanation about why Im giving insight into my trades. Crypto is all about trust and transparency and that is what ID like to bring. Dont expect me to tell you how much crypto I actually own because thats none of your business. But I Will tell you how big my position will be in regard to my trading portfolio. Secondly and actually the main reason im doiing this, is to proof to all the HALTERS out there that you can earn money with trading crypto. Most people are skeptical about trading because they heard horror stories about people who lost all their money. Follow my journey and let me proof therm wrong. At the end of the day, the most important thing is how good are you at risk control. Booking some losses during trading is perfectly normal, so im not afraid to show those losses. Most traders dont give any insight in what they because they perfectly know they suck and dont have a clue what they are doing in regard to risk management. Risk comes from not knowing what you're doing. Just like every trader, Ive seen ups and downs in my journey. I started trading stocks. And you can guess what that meant for my portfolio. Yes thats right, it was almost completely wiped out. But I pressed on, learned a lot about technical analysis and here we are. I have experience in trading stocks, options, and commodities . So you can assume that I know how to deal with risks. =============================================================================== $BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP #altcoins #bitcointrading #BuyTheFear #BuyTheDip @btc @RedditBTC #CRYPTO #BITCOIN #BTC ===============================================================================
BITSTAMP:BTCUSDShort
by ferGOD
2
Bitcoin back to bearishOn the daily chart at the moment the bitcoin has returned bearish. The efficiency ratio of the Kama indicator has exceeded 0.30 which is the threshold that separates a flat market from a trending one. At the moment we are at 0.47 and this confirms the bearish movement in place. Usually when the efficiency ratio reaches 0.7 and sometimes 0.8 the market top or bottom is close. I remind you that the efficiency ratio does not give any kind of directionality of the market but only the intensity of the movement. The first strong long term support level is around 6500$, this support is obtained using my bitcoin price model v1.1 indicator. The fairprice line is close to 5000$.
BITSTAMP:BTCUSDLong
by UnknownUnicorn30297
6