Bitcoin Etc for 24/06/2019

Bitcoin and Last Week Reviewed. The stunt we pulled with Gold last Monday was pleasing to say the least. If it now betters 1398, then an initial 1401 still looks possible but realistically, it could power on to 1416. Tuesdays GBPUSD has proven boring with nothing major triggering YET. As for Wednesdays Barr Group, thoughts of 860p and a bounce remain valid.

Berkeley Group Holdings, reviewed on Thursday, thus far failed do anything of interest but keeping a weather eye for the longer term, along with 2680 making an appearance, should not be time wasted.

Friday and our analysis of the FTSE successfully produced an initial 26 point drop, breaking our initial target on the first surge and therefore making our secondary at 7365 hopefully capable of provoking some sort of bounce. It was rather annoying waiting from 2pm until 4:25pm before the initial drop completed. Suddenly, as if shocked out of its boredom, the FTSE indeed provided a short lived bounce back to the 7399 level, then dropped further for the final two minutes of trade. It results in a suspicion Monday shall commence the session slightly down, hopefully bouncing from our 7365 level. But should 7365 break, we do not expect the FTSE to achieve an UP day. Quite the converse.

As for Bitcon, it’s now showing surprising potentials as movement above 11,216 calculates with 12,070 as an initial target. If bettered, secondary computes at 13,286 longer term. (Or sometime later that day!) For it all to go completely wrong, Bitcoin requires weaken below 8,800 as this will tend nullify all longer term ambitions on the immediate cycle. Instead, it opens a trapdoor to 6,916 initially with secondary a return to 4,058.

For now, we suspect 12,070 shall prove capable of providing some hesitation.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
5:58:04PM	BRENT	64.75	63.75	63.55	63.01	64.96	65.21	65.64	65.75	63.4	‘cess
6:08:02PM	GOLD	1399.83									‘cess
6:09:55PM	FTSE	7364.02									‘cess
6:11:35PM	FRANCE	5505									Shambles
6:19:20PM	GERMANY	12250	12244	12202	12123	12328	12423	12436.5	12501	12302	Success
6:21:05PM	US500	2944.67
6:23:18PM	DOW	26670									Shambles
6:30:17PM	NASDAQ	7720
6:32:20PM	JAPAN	21177									‘cess

21/06/2019 FTSE Closed at 7407 points. Change of -0.23%. Total value traded through LSE was: £ 15,020,555,718 a change of 133.04%

20/06/2019 FTSE Closed at 7424 points. Change of 0.28%. Total value traded through LSE was: £ 6,445,371,842 a change of -2.22%