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Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

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Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. July 18 @ 2:00 pm ET ~ Beige Book Report
* Wed. Aug. 1 @ 2:00 pm ET ~ FOMC Announcement
* Fri. Aug. 3 @ 8:30 am ET ~ Employment Data
* Fri. Aug. 10 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. Aug. 22 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Mon. Sept. 3 ~ U.S. markets closed for Labour Day Holiday
* Wed. Sept. 26 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
*** Click here for link to Economic Calendars for all upcoming events

IMPORTANT BLOG POST UPDATES...
* Trade Wars have escalated and now include diplomatic wars PLUS President Trump is cannibalizing prior U.S. market gains with his tariff tantrums against its world trading partners, while destabilizing a delicate world market balance

Sunday, November 26, 2017

Bitcoin Moonshot

* See UPDATES below...

Presented without comment (link to prior posts)...


* UPDATE November 27...

Year-to-date percentage gains/losses are shown below for major currencies compared with Bitcoin (+918.37%) (the USD is -9.25%, so far, this year)...


...as it makes its way to 10,000 tonight...


* UPDATE November 28...

Moon landing achieved...10,000 tagged tonight, as shown on the Daily chart below...


So, where does it go from here...it's anybody's guess, but major support lies half-way down between 3000 - 5000, as shown on the Monthly chart below.


* UPDATE November 30...

Two consecutive "high-wave" candles have formed during the past two days, as shown on the Daily chart below. Price is down a bit on tonight's (current) candle (as at 11:05 pm ET).

According to its definition by candlestick guru, Steve Nison, one high-wave candle may signal a change in Bitcoin's upward direction...we'll see whether these two play out in such a scenario. I would have preferred if the second one had closed lower than the first one as a, potential, confirmation of trend reversal. The fact that it closed higher, may prove to be a false alert.

One thing's certain...volatility is increasing on a daily basis. Wednesday's trading range was 2,426.10 points as it spiked to an all-time high of 11,427.20, then plunged to a low of 9001.10  (a 5-hour drop of 21.24%).


Source: Steve Nison of Candlecharts.com