Biff_Tannen

Biff_Tannen

All you need to watch is sentiment (chatbox TV) Bankers who try to manipulate price News in general about BTC /Crypto's Daily weekly and yearly SMA Price reaction around big round numbers Volume in context Try to get a read of the market. Places where traders might get trapped long or short and squeezed out. Use sound money management, you can't predict...

Biff_Tannen

Note: This is not about to open a large discussion about specifics. It is a "mind-map" I created to get a clearer picture for these fast moving, complex and intertwining markets. It is a pure personal interpretation of today's markets. Some are hard facts, some are assumptions. Some are hard to proof, like manipulation and insider trading. But every trader who...

Biff_Tannen

HIGH SCORE: MR ALGO 1.000.000

Biff_Tannen

Based on today's price action and previous study. Most likely a same narrow range day tomorrow. The strong correlation with Equities (expecting more weakness) will also have an influence, or vice versa. The alternative. If everything turns positive (not most likely, but always expect the unexpected in this business!) Crude will maybe pop back in previous channel,...

Biff_Tannen

$8 and $24 legs. Tightening and shorter timespan price ranges. From $51 it set 3 exactly $8 legs. Crude is respecting 20 tick/cent levels in small daily ranges and is very volatile within these small ranges. Rotations usually around 50 cent, also getting shorter.

Biff_Tannen

FTSE and DAX make days losses back in few hours. Missed this long opportunity. It happened very quick and I was away from the screens for a moment. Very risky to hop in late, we know how quickly this can turn. Can we go short again? Maybe. I wait a little bit longer. SPX has some more room to the upside.

Biff_Tannen

Scenario 1 = Green Pattern of 2011-2012 is still very similar including the double bottom. We have to make a clear turn next week. Scenario 2 = Red Pattern of 2007-2008 into 2009 slightly shifted in time, double bottom took place in 2008. This means that the drop already is taking place, one bump and it is off the races! It will never be exactly the same of...

Biff_Tannen

Sunday evening I published the same chart predicting the target would be reached within 16 days, like a previous period. It did within one day! This indicates which crazy volatility we have at the moment. Cleaned it up a bit and what's next? I am still bullish about the EURUSD. Markets do bounce a little today. (dead cat bounce?) Keep in mind that we can go...

Biff_Tannen

Another V shape recovery isn't in the cards today I think. There is too much anticipation to it. The market will always catch you by surprise!

Biff_Tannen

Buy when price comes back on major support levels

Biff_Tannen

Maybe not the prettiest artwork. But it's all about the price at certain levels.

Biff_Tannen

The tide seems to turn for Crude. See for signs on the chart. Ideally I would say a close above 54 (taking out two previous monthly highs) would really make me bullish. It is not going to 100 again this year. But between 70 and 85 is technically possible (see related idea). The other scenario is a close far below (<45). This could trigger another leg down to...

Biff_Tannen

See comments on the chart

Biff_Tannen

Break below 12000. Momentum is running out. Time for a 50% retrace.

Biff_Tannen

Bullish above the yellow line or below Bearish very long term. Expecting some pullbacks towards 30-50 SMA in conjunction with corrections on major indices. 30 SMA is penetrating or going parallel with the yellow line very soon which can act as dynamic resistance. See period 2002 - 2009 for the exact opposite behavior. Took off and accelerated to 2011-2013 with...

Biff_Tannen

If Crude manage to close above 50 end of this month, a 38-50% retrace towards 70 can be possible. 61.8% comes in at 85. Do also have a look at the momentum indicator. This is pure from a technical standpoint. But it is a big IF! Technical analysis aren't enough to make a good judgement. A close below 45 end of month and the actual fundamentals can drive the...

Biff_Tannen

Aussie did violate the February support coming back a little bit. Another support at 0.775 is can act as resistance too. Keep in mind that Copper is approaching a long term downward upper channel band after an intermediate upward channel. Gold could correct to 1185, a long term support now acting as resistance and still looks very bearish. Greenback is loosing...

Biff_Tannen

Bad momentum on the daily and tipping the upper long term channel band. A massive H&S pattern with neckline parallel with the longterm downward channel on the hourly. Next target: $100 - $120