NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
- | Membership Revoked | Joined Sep 2017 | 422 Posts
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
The effect of a stock market correction/crash on cryptos? 4 replies
Disliked{quote} I think same...for now market maintain high morale of buyers before crush to 8000 - 7600...Ignored
Disliked{quote} You think it's got further to fall do you? Well, you may be right, but look at those daily candles. I think it's now headed to 13,600 at least. There will most likely be a pullback, perhaps from 13,500 - 14,000, so that will be a test. If it cannot put in new lows, then I think we could see the next bout of real buying to take it above 20,000 and then who knows how high. Certainly, those who missed out on 2017s great Bitcoin bull run may be being presented with another bite at the apple right now, whether they realize it or not!!Ignored
Disliked{quote} US stocks? Personally, I see no technical indication whatsoever that leads me to believe that US stocks have peaked or are about to come down. It is all incredibly bullish right now, and it is only the extent to which the Dow Jones and the S&P have moved above their daily 200 moving averages that alerts one to the fact that they are way overbought, but as we all know, stocks can remain overbought or oversold indefinitely. They will come down, and come down hard, but I see no sign of that happening yet. When I do, I will sound my own alarm....Ignored
DislikedWe got the move up in Bitcoin that I was expecting, almost carbon copy in fact if you take a look at the last chart I posted, so I'm quite pleased on that front. I actually have a gap up from 11,360 , to where we are now, but don't know if this is just a gap on my charts or there was an actual gap move. Now the price is sitting above the H1 200ema at 12,600, so it should move on up again from here now that it has 200ema support, and we may see 13,600 quite quickly, perhaps even by tomorrow.Ignored
Disliked{quote} Mainly UK and EU stocks. I have been around a while .... this up-trend has been rolling since 2010, that is a long time. The crash of 1929 was preceded by only ten years of uptrend. I guess I am doubting that things can just continue up. That, after all, is exactly what was being said through most of 1929. I shall be watching for your alert...Ignored
Disliked{quote} The FTSE 100 has met a resistance level of mine on the weekly tf at 7,800. from which it may continue to come down another 500 points or so. It is still well supported though, and beyond that I would not like to say at the moment. It could be though that it has peaked, as if it does fall back from this level to 7,300 or so where there is plenty of support, there is no guaranteeing that it can get back to where it is now.Ignored
Disliked{quote} I have been expecting the FTSE 100 to come back and kiss 7000, but maybe it will not make that retrace. The EZ and US economies are picking up, particularly the EZ. If we see some more positive growth in China in a few month that may push it through 8000. If you look at the flag shown on a 25-year (?) chart the FTSE 100 has only just broken resistance. FTSE 100 companies are mainly global players, so the state of the UK economic strength is reflected more in the 250 or 350 indices.Ignored
DislikedBack to Bitcoin, it is in a rollover/pullback phase, just breaking through the H1 100sma and 38.2% fib. The 50% @ around 11,385 is a potential support level, with the 61.8% beneath @ 10,635. If this is a pullback rather than a rollover to new lows, then the 76.4% @ 10,080 is critical if the price falls back that far.Ignored