December 17, 2017

will bitcoin price flight, go to stop for fuel, crash, or continue to the moon?

Bitcoin Price Technical Analysis 


Bitcoin price rose almost 250% since last major correction, The upside move in bitcoin As per CoinDesk's the world's largest cryptocurrency by market capitalization rose to a new all-time high of $19,783.06  today, Clearly, the bulls are in control and could take prices well above the $20,000 mark

It was not realized a year ago that the Bitcoin was trading below $ 1,000, The move towards $20,000 is A major part of the rally from $ 6,000 A significant correction  (Nov. lows)

Whether the avalanche of Bitcoin has begun or is it a healthy correction that will continue to new heights?



Last November Market action traders saw bitcoin markets plummet over 25 percent in value to a low in the $5800 range. When markets in Japan and South Korea opened, the price rebounded a touch coming close to capturing $7800K, but traders failed to reach that point. During the earlier hours of Saturday morning, bitcoin’s price started diving again, dropping seven legs down to a low of $6,300. BTC trade volume is still holding steady and has been capturing roughly $5B or more in trades over the past 72 hours.

But from those days a lot happen and bitcoin rose to the sky, but, will this bitcoin flight going to stop for fuel  crash or continue to the moon : 


I want you to pay attention to Bitcoin's previous move when he started out when he rose from $ 80 to $ 1200 and then rested a few years before his big year, which is 2017, symbolizing a breakthrough and a new era.

If the case now similar so you should expect to see bitcoin going to 24-27k and from there I think a big correction should appear on the screen – my assumption is that in the beginning of 2018 (im target mid-January as potential date for this move 


bitcoin price forecast
bitcoin forecast 







on October I posted briefly on the bitcoin and it seems to be the story:

bitcoin price bubble
bitcoin bubble 


Technical analysis:
pay attention to 15800$ price level! – closed below this level will send bitcoin to cope with 13200-13600$ price area, or even to lower price to the 9300$ priceWhile stay above those levels could send bitcoin up again over the last recordLong-term trend forecast moved is still up as long as 15800$ will hold!Break below 13200-13600$  on weekly basis will send bitcoin to 8600 $ while break below those levels  will lead bitcoin  to cope with 7200$



bitcoin forecast analysis
bitcoin analysis



This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice

December 12, 2017

Will the Gold price go below 1000$ Following Last majors events in the cryptocurrencies ?


GOLD PRICE TECHNICAL ANALYSIS 


Investors are dumping gold in favor of Bitcoin, its look like cryptocurrencies has stolen a large market share of gold generallywhen bond rates go down, gold goes up. However, in recent weeks, the yields on bonds have decreased, and gold has simultaneously dropped by two percent - an event that is quite rare.

Analysts think the change is the result of increased investments in Bitcoin, among other cryptocurrencies.

see my last post: Will the Gold price go 1400$ Or 1100$ Following Last majors events in the world?

Gold steadied below $1,250 an ounce on Monday after its biggest weekly drop in more than six months, with moves muted ahead of an expected interest rate hike from the US Federal Reserve this week.

The Fed is widely tipped to lift rates at its two-day policy meeting ending Wednesday, but its accompanying statement will be closely watched for any surprises.

The bank is expected to increase rates another two or three times in 2018, but still-sluggish inflation and wage growth have raised question marks over that view.

Though we expect few major changes to Fed policy until new Fed Chair Powell takes office-Gold is highly sensitive to rising US interest rates, as these increase the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced.

In the wider markets, world stocks rose and equity volatility neared a record low ahead of a raft of central bank rate decisions, while newly launched bitcoin futures shot above $18,000. Hedge funds and money managers sharply reduced their net long positions in COMEX gold and silver contracts in the week to December 5, US data showed on Friday. Net positions in silver fell by the largest amount on record

Gold price technical analysis view :As long as gold xau/usd stay and trade below 1374+_ the trend became bearish, but as long as the gold remain above 1291  I’m expecting to meet  1347 1333 1326 1315 areas - break down 1291 level will lead the gold go to 1247-1256, while we need to watch at 1268-1274 area.
In addition, there is the price band is imprisoned between 1170 and 1370
 Strong support: 1224-1233 price areas are meaningful numbers, my strategy will be for more downtrend to 1181$ +_

GOLD PRICE  ANALYSIS
GOLD ANALYSIS

position map : 

we can see at CME Cot report that there is more room for the big move: take look on the spreading and position, I expect to see strong decline /decrease on the position before the trend will change, till then the trend is remaining negative as long gold prices remain below 1370+- price 

GOLD POSITION  MAP
GOLD POSITION 

in my last post I choose to focus on (other reportable from the cot position )
 The interesting thing that caught my eye, and worth paying attention to, is the position map
See for yourself the behavior of positions in 2011-2013 and now
Will this also lead to a decline in the price of gold or whether it indicates a change in direction
In my opinion, this time too, it will lead to a downward trend
 
GOLD COT MAP
GOLD COT POSITION 




This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice

December 04, 2017

Is the journey of the Turkish lira halted or is it just a pause before setting of new records?

Turkish lira analysis


Is the journey of the Turkish lira halted or is it just a pause?
The Turkish lira, which soared to a record high of almost 4 against the dollar last month, fell below 3.90 after Recep Tayyip Erdogan said he had given no orders to put restrictions on capital inflows abroad.
In addition to the economic aspect of the data: Turkish inflation leaps to almost 13%, a 14-year high
Which could lead to an increase in interest rates and strengthen the Turkish lira against the dollar
It is expected that an increase in the rate of late liquidity - which constitutes the upper end of the central bank's interest corridor - will take it from 12.25% to 12.50%
Last month The Turkish lira weakened to a record low of 3.9789 against the dollar today, extending losses driven by concerns about Ankara's strained relations with the United States
My assumption was that we are going ro see the Turkish lira going to 4.12 , but I noticed to some obstacles whom may not give the Turkish the way up to those levels

Turkish lira  analysis forecast
turkish lira forecast 

I’m covering the try for many years , I mention not one that we are going to see the Turkish going over 4 to 4.11-4.20 ,today the USD/try reached for now a new low – check the charts – if I'm seeing the right picture so we are in process of creating new lows above 4, but the question if it will stop there?


The last correction brought the Turkish lira  to 3.39 same as I predict:

Turkish lira technical analysis
Turkish lira  analysis 

Looking on the charts showing us 2 times in history that it happens so I'm guessing this time it will be the same behavior, but the question is if there will be any innervation from turkey government on those numbers???
Technical analysis and similar pattern appears in 2002 – look the chart, if this is the same scenario, so we need to expect to see the Turkish lira going below 3.52 price, but it will happen only if Turkish lira won’t go up above 4.10, if this is the case , so we need to be ready for Trading a shuffle strip for a period of a long time, Which means that the programming of a trading band between the ranges of 3.4 to 4 for a long period, similar to the scenario in 2002-2008

usd try  technical analysis
Turkish lira technical analysis 


Technical analysis:
Pay attention to 3.94 price level! – closed below this level will send the Turkish lira to cope with 3.82-5+_ price area, or even to lower price to the 3.7-6 price level
While stay above those levels could send the USD to try to 4.12 price levels
Long-term trend forecast moved is still up as long as 3.34 will hold!
Break below 3.34-6 on weekly basis will send the Turkish to 3.24-6 while break above3.91 will lead the usd/try to cope with 4.11+

usd try technical analysis
usd try foreacst 



Want to earn money from carrying trade on the USD TRY  or Turkish lira with the best swap condition?


Want to trade with a reliable broker, FCA regulation, security of your money funds up to £ 50K ?


Wants to take advantage of the high volatility of the situation in Turkey and the Turkish Lira Trade all available options markets?


Wants to take advantage of the high volatility of the situation in Turkey and the Turkish Lira Trade all available options markets?







This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice

November 28, 2017

Is the jump in the price of the virtual currency Bitcoin Is it the result of a flock of sheep or a herd of wolves

Bitcoin nears $10,000 price – wants the next target?


Bitcoin hits new record again, Bitcoin nears $10,000 price – wants the next target?
The last correction I mention this: Whether the avalanche of Bitcoin has begun or is it a healthy correction that will continue to new heights? 
It was really healthy correction but im think that next time it won't be the same story

bitcoin rise
bitcoin analysis



Bitcoin Continue to break records
I do not want to disturb the investors' complacency and optimism, but friends
The way the Bitcoin rises and the graph form leaves me no doubt that this is a classic case of a bubble in the making
I said that I see a parallel similarity to the behavior of the Bitcoin in the form of the China Index in the bubble years 2007-2008 - the previous move showed good what happens when a graph occurs so sharply in a short time
This time, too, I think it will end this way
An analysis of the candles and the parallel leads me to see that the picture may return
If the parallel is identical and this is only on the basis of technical purity and the parallel between the behavior of the graph
Then the Bitcoin can also rise to areas of $ 11,500 - the parallel is based on China's iron phase from 5100 to the last 6100
Now Bitcoin's hair stands at $ 9800, so I attribute $ 11,500 to the area - I'll even dare say yes, I see the Bitcoin collapsing back into areas of $ 2,800, Which means sharp declines and collapse of the virtual currency at rates of 75%

Nobody who owns Bitcoin wants to spend it, the process of mining new coins and recording new Bitcoin transactions now consumes more electricity each year that is used by Ireland.

Last month on October I posted briefly on the bitcoin and its seems to be the story:


bitcoin price bubble
bitcoin bubble


Many good and positive headlines on the virtual currency and a surge in searches and public behavior are the flock a flock of sheep or a herd of wolves ???

More good headers for bitcoin in the news

“Bitcoin could 'easily' reach $40,000 by the end of 2018: Novogratz”
“Bitcoin is a Safe Haven from the Financial System Collapse: Analyst”
“Bitcoin currency hits new record high”
“Bitcoin is now more valuable than Disney or McDonald's”
“Bitcoin is safe, sustainable and here to stay “
“Bitcoin has become a 'safe haven' currency in some of the world's “
And they are much more like this…….

More search and interest for bitcoin in google search media:

investing bitcoin
bitcoin search 

Technical analysis:
pay attention to 7900-8200$ price level! – closed below this level will send bitcoin to cope with 4900-5100# price area, or even to lower price to the 4200-4400$ price
While stay above those levels could send bitcoin up again over the last record
Long-term trend forecast moved is still up as long as 5100$ will hold!
Break below 4200-4600$  on weekly basis will send bitcoin to 2300-2800 $ while break below those levels  will lead bitcoin  to cope with 1400-1600$


bitcoin forecast
bitcoin forecast





This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice

November 20, 2017

Turkish lira weakened to a new record low, will we see intervention from turkey government

Turkish lira technical analysis update 

The Turkish lira weakened to a record low of 3.9789 against the dollar today, extending losses driven by concerns about Ankara's strained relations with the United States, inflation risks and monetary policy uncertainty.

My scenario as you probably know and I said more than once that the trend is still in place and we expect a new record for areas of 4.12 + _ as long as Turkish lira rate 3.52 level will hold!

Turkish lira technical analysis
turkish lira rate


Traders are also concerned about the outlook for monetary policy after President Tayyip Erdogan last week said a lack of government intervention in monetary policy had left Turkey saddled with high inflation.
The yield on the benchmark 10-year bond rose to 12.86 percent in Tuesday-dated trade from 12.68 percent in Monday's spot trade. The 2-year benchmark bond was at 14.21 percent in Tuesday-dated trade, up from 13.83 percent on Monday.
The central bank has attempted to limit some of the impacts of the recent forex swings and reassure local businesses by selling forward foreign exchange contracts to help them hedge against further currency moves. But the $3bn worth of auctions — outlined over the weekend — did little to reverse the recent market trend.
Turkey's current account deficits averaged $4.75 billion a month for the last three months, the widest since 2013, according to data from Macquarie.

usd try  analysis
usd try analysis

Let us go to business:
I’m covering the try since many years , I mention not one that we are going to see the Turkish going over 4 to 4.11-4.20 ,today the USD/try reached for now a new low – check the charts – if I'm seeing the right picture so we are in process of creating new lows above 4 , but the question if it will stop there
Looking on the charts showing us 2 times in history that it happens so I'm guessing this time it will be the same behavior, but the question is if there will be any innervation from turkey government on those numbers ???
My scenario as you probably know and I said more than once that the trend is still in place and we expect a new record for areas of 4.12 + _ as long as Turkish lira rate 3.52 level will hold!!!

usd/try  technical forecast
usd try forecast 



Want to earn money from carrying trade on the USD TRY  or Turkish lira with the best swap condition?


Want to trade with a reliable broker, FCA regulation, security of your money funds up to £ 50K ?


Wants to take advantage of the high volatility of the situation in Turkey and the Turkish Lira Trade all available options markets?


Wants to take advantage of the high volatility of the situation in Turkey and the Turkish Lira Trade all available options markets?







This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice