French companies are between islam boycott, the virus and crisisThe boycott topped the Arab and Islamic countries against French products, companies ... The share of France's exports to Islamic countries is about 37-100 of the total exports.
After the strongest Islamic economies in a province, there is fear of a drop in shares of French companies (Turkey, Saudi Arabia, Indonesia, Singapore, Egypt, Morocco, Malaysia, Iran, Qatar and Kuwait uae ... The GDP of these countries is $ 5 trillion annually, and France exports to these countries $ 57 billion annually per years . There are also branches of companies. Toyota, Carrefour stores, Orange Company and the General Company Bank
The boycott is widespread on social media, Facebook, YouTube, Instagram, and hashtag. The boycott is in first place, and many Islamic stores have replaced French products with the British, local and Russian, and they were banned from trading French products.
Total
TOTAL2 shows crypto has started the multi years bull runPrice has broken out of a 3 years triangle and has touched the top of the monthly Bollinger band for the first time since January 2018.
A very similar pattern occurred at the start of 2016 two years bullrun.
It is very hard to believe that this breakout is fake and price will "nuke" back under the triangle, since touching the upper BB band on the monthly is not a trivial event and never resulted in price "nuking" down , not even testing the BB midband,
Monthly MACD positive and similar to the start of 2016 bullrun. This is a clear indicator that price is in a bullish trend and to revert to a bearish trend requires a lot time and effort on the part of market makers.
This also dispels the myth of BTC pumping will cause Alts to suffer. The BTC up Alts down, BTC down, Alts down narrative, is true in the correction period between the major bull run. In this run, BTC and Alts will both pump and Alts more than BTC, to such an extent that an Alt will replace BTC in dominance (see idea below).
TOTAL, Possible sell!If the price will cross the Key Level we can open sell.
All highs are lower than previous and this situation looks like the start of the bearish trend.
The potential profit will be 3 times bigger than the risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!
Intermarket Crypto - Failures All AroundThis 3 day chart shows that we have had failures at all of the trend lines at at the %SMA oscillator. This tells me there is either more downside, or we need some sideways action to retest the trend lines and break them. We will be watching these closely. There is still a day left on these candles, but these are all pointing bearish.
Intermarket Bitcoin - Breakout or Failure UpdateToday we will examine the intermarket analysis that we did 2 days ago and update the tally for bullish, bearish, and neutral indicators. First we will cover TOTAL, TOTAL2, BTC, and ETH. Lets have a look!
Here we have an overall view of the market and a lot of neutral indicators. Anything labelled retest still needs to happen. Once the retest occurs, we will be able to see a breakout or a failure. Lets give it a count!
Bullish = 2
Neutral = 6
Bearish = 0
TOTAL Market CapGreetings friends,
I just wanted to point out today that we must not get blindsided by BTC moves.
We must look everywhere, and today I would like to point out to you that we have experienced the BIGGEST increase in the TOTAL market cap volume and that we might be very close to a very big move to the upside in the WHOLE crypto market.
Please manage your risk safely, and embrace what's to come!
Trade thirsty, my friends.
TOTAL MARKET CAP (Y20.P4.E1).Correction still playing outHi All,
I thought I have a look at the total crypto market cap and see what's going on.
Here are my thoughts:
OBSERVATION:
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> WEEKLY chart: price action has so far found support and holding which has confluence with the weekly 21 EMA;
A retest of the support line? The Phoeix has downward pressure however a deep pullback is not expected based on the green and red RSI positions;
> Daily chart: support found on the daily 100 EMA as well as the 0.5 fib retracement although 0.618\0.382 fib looks more likely to be the area of most demand = 290 Billion
The MACD has a bearish tone as well with the downward projection. Watching this space of the MACD and Signal merging will give us a clue if there is a bounce coming for the total market cap or a rejection.
> 4 HRLY chart: indicators show downward pressure and the formation looks like a bear flag;
THOUGHTS:
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The correction pullback is to continue with downward pressure however not deep and hence the likelyhood of the macro uptrend is intact.
The daily MACD is likely to not cross over based on the formation of the price.
Looking at the ALTs, it seems many have downward pressure and looking like a bottom reversal formation is taking place, some having more to drop, others staying at their 0.618 level.
It means we are likely to be here for a while and able to buy back crypto at a cheaper rate.
If you review my SP500 post, this also translates with BTC. Hence my opinion of BTC going to the low 9K's is still valid.
Also BTC dominance chart can support this thesis as well.
The SP500 and Gold charts do as well.
Please give me a tick or like for this post.
Regards,
S.SAri.
WEEKLY Chart:
DAILY Chart:
4 HRLY Chart:
Now vs "Volmageddon"Whenever there is a possible trend flip, we want to look at any clues that we can to understand if there is going to be a change. In this chart we have TOTAL, TOTAL2, BTCUSD, and ETHUSD all compared to eachother. February 24th, 2020 is the date for "Volmageddon". Here we have 3 of the 4 breaking trend and going from bullish to bearish. The only one that stayed bullish was ETHUSD. This gave us higher confidence of a trend reversal to bearish. So what is different about today?
As of September 3rd, 2020, we have 2 of the 4 breaking trend from bullish to bearish, with the other 2 remaining bullish. So it is a little more of a toss up. When something is 50/50, the trend is more likely to continue than reverse. So even though there may be more bearish downside in all 4, the chance of a trend change is less likely. So until we see the other 2 break bearish, we are selectively adding capital back to the market.
Happy Trading!
Incoming Drop for Total Crypto MarketMethod:
1. Draw best representative overall trend line (green)
2. Draw fibonacci retracement from local minimum to local maximum following the 2018 peak
-> I consider this local minimum as the start of the "new era" of crypto as during this time, many financial institutions have started to on-board to crypto
-> There is considerably more crypto awareness both in the political sphere and the mainstream after this point
3. Using the same local mins and max points from #2, draw fibonacci time zones
4. Turn on RSI , which shows the strength of market according to historical price
5. Turn on volume indicators, which shows strength of market according to historical volume
Thoughts:
- Downward volume pressure seems poised to overcome upward volume pressure.
- RSI shows bearish divergence.
- Fib time frame indicates a significant price movement.
- Resistance from June 2019 peak has been hit.
Prediction:
- Price will likely move downwards in the coming days, but will work to create a higher low, either at the .382 or the .236 fibonacci support.
- Crypto is heading up in the long term, however, this movement upwards will likely look different than the run-up of 2017-2018 as institutional money plays a larger role in this new era.