EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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I am hoping that what Ashraf says about risk-on/off correlations resuming to a degree of normality will now transpire with the new QE announced. Trading has been extremely challenging in the last few months with inter mkt correlations skewed all over the place. I agree the eur instrument will likely continue to be the most volatile. Next we may see some UK QE in the months ahead. China I have no real feel. Japan debt is still "a bug in search of a windshield". Will Japan corporates start to desert the sinking ship moving their investment abroard ? Exciting times we live in but blurdy horrendous scenarios. Soon the headlamps will be back upon the US deficit. Gold is lookin to be sailin northward again.
For Brent daily chart I see next level of resistance cluster zone at 119. Weekly chart shows zone at 125.94 to 127.40 and above that at your 135.50 being the 78.6% ret of the move down from the July 2008 high.
For CL price hit my 78.6% level today at 100.20 (the HOD was 100.42). We see a daily sell spike candle so I would hesitate to buy here but if the HOD is taken out the next level of resistance on my chart is at 102.55 or slightly below at c.102. Beyond that would be a test of the pivot high at 106.43.
Bears would need to see a break of the support at 94 level. Weekly chart shows some resistance at 104 and 111 levels and support at 94.50 and 91.50 levels
gl my friend and have a great weekend.
For bulls I see powerful confluence of weekly resistance at 1.3450 to 1.3540 zone next. Beyond that the next level would be 1.3840. Usual rets along the way. Bears would need to see a break back below 1.2650 level.
Does it all sound too good to be true or is it just a grubby plan to get their grubby mits on our savings. We all know what governments do with our money.
on the daily our potential ABC scenario is satisfied at 1.0286 ish but we are biased short for the medium and longer term. ABC implies simple corrective finished so back to new highs above 1.0612. very difficult to imagine that at this particular time.
I see the 161.8% ext to pattern at 1.0218 coinciding with 38.2% ret same level & 100 dma at 1.0200 ish (A tight cluster of potential support confluence). Below this cluster level we have fractal level at 1.0100 coinciding with the 50% ret level. I would expect a reaction maybe lasting a few days from one of these levels, basis daily chart.
The pattern was messy as I said so cannot have high confidence with the subjectivity. My best guess assumed W.A at 95.41 low, W.B at 97.72 high and W.C at the 93.95 low. This projected 127.2% of A at 94.07 which was achieved. Not ideal pattern so my next preference would be to assume ABCDE corrective completed with an impressive bounce back up.
The daily rsi, cci14 and stoch 9,3 hooked up slightly on the bounce from less than oversold conditions & have plenty of room to see your $100 level which happens to be right on the 78.6% ret level at 100.19 on my chart. I am not a great fan of indicators as they are lagging price. The daily is now testing the 200dma so needs to break above to increase our confidence for higher prices again. Then we have to get through the highs at the 70.7% level which was previously tested for 3 days. For me that 70.7% level is crucial.