Bitcoin for 14/10/2019

Bitcoin BTCUSD With Jeremy Clarkston making “Who Wants to Be A Millionaire” viewable, utter shock was experienced losing £32,000 hypothetical pounds when getting an answer wrong! The reason; being 100% certain Pioneer 1 visited Mars while the Viking space probe did Venus & Saturn, with the idiot on TV walking into the trap, saying “Viking”. Except, of course, for a tiny little problem ; my 100% certainty was utter tosh.

Thankfully, this sort of nonsense rarely translates to our attitude against prices as we’re able to constantly weigh forces, usually able to make a reasonable bigger picture decision with a fair chance of accuracy. Further to our report in September, Bitcoin indeed tumbled to 9218 and in the period since, has hovered above our secondary longer term target at 7220. So far, the closest achieved has been 7665 dollars, visually giving an impression it may be “close enough” to bottom, if any real strength is apparent.

We’re not entirely sold on the idea, thanks to the BLUE downtrend. It suggests Bitcoin presently requires exceed 9900 before we dare start to trust any rise. The reason is fairly painful as weakness now below 7665 indicates expected travel to an initial 7220 with secondary, if (when) broken, now at a long term 4,900. Despite such a secondary sounding like a substantial drop, it simply returns Bitcoin to the levels of April this year. In plain English, the forces against Bitcoin, even though it has not achieved our 7220, remain down at present.

To give an indication any rise my prove genuine, the price needs above 9534 as this apparently calculates with an initial ambition at 9955. If exceeded, secondary calculates at 11745, along with almost certain hesitation.


FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

1:07:58PM

BRENT

60.54

59.2

59.02

58.51

60.4

60.54

60.79

61.19

59.46

Success

1:11:37PM

GOLD

1489.3

               

Success

7:25:23PM

FTSE

7230

               

‘cess

7:29:33PM

FRANCE

5643

               

Success

7:40:43PM

GERMANY

12479

12416

12376.5

12317

12492

12555

12586.5

12696

12395

Success

1:19:26PM

US500

2971.62

               

Success

1:22:42PM

DOW

26833

               

Success

1:24:55PM

NASDAQ

7848

               

Success

1:54:17PM

JAPAN

22051

               

Success

 

11/10/2019 FTSE Closed at 7247 points. Change of 0.85%. Total value traded through LSE was: £ 8,276,859,342 a change of 51.67%

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