Bitcoin 17/02/2020

#Brent #Dax Currently, Bitcoin is cheerfully ignoring conventional trends, instead paying scrupulous attention to a “horizontal trend”. As mentioned previously, the phenomena of ‘The Glass Ceiling’ has been scrupulously adhered to since September last year. This confirmation of a trend is usually a pretty safe signal for future movement and in the case of Bitcoin, it’s at 10,580 dollars.

Visually, movements above 10,580 look capable of providing gains against Bitcoin to an initial 11,744 with secondary, if beaten, calculating at 12,720. Importantly, if Bitcoin opts to adhere is its usual movement ‘rules’, some hesitation can be anticipated at each target level, should the scenario trigger!

Of course, there’s absolutely no certainty we should anticipate future growth. Instead, the converse looks pretty possible.

Weakness continuing below 9,610 suggests downward travel to an initial 8,916 dollars. If broken, secondary works out at 7,665 and we’d hope for a rebound at such a level. The implications, with any breach of 7,665, are grim. The existence of a 3rd level drop target of 6,079 takes the price into the land of ‘lower lows’ with a logical long term bottom at 3,145 dollars.

Hey, chart goes here

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:43:20PM

BRENT

57.29

56.12

55.68

55.09

56.83

57.35

57.5275

57.83

56.7

‘cess

9:44:45PM

GOLD

1584.23

               

‘cess

9:46:40PM

FTSE

7416.6

               

‘cess

9:48:39PM

FRANCE

6073.2

               

9:50:19PM

GERMANY

13764

13706

13691.5

13659

13758

13789

13821.5

13860

13727

9:51:51PM

US500

3382.22

               

‘cess

9:53:54PM

DOW

29416.5

               

9:55:18PM

NASDAQ

9626.67

               

9:57:59PM

JAPAN

23537

               

‘cess

 

14/02/2020 FTSE Closed at 7409 points. Change of -0.58%. Total value traded through LSE was: £ 5,485,879,910 a change of -17.68%

13/02/2020 FTSE Closed at 7452 points. Change of -1.09%. Total value traded through LSE was: £ 6,664,066,181 a change of 30.17%

12/02/2020 FTSE Closed at 7534 points. Change of 0.47%. Total value traded through LSE was: £ 5,119,461,685 a change of -10.2%

11/02/2020 FTSE Closed at 7499 points. Change of 0.71%. Total value traded through LSE was: £ 5,701,269,309 a change of 0.17%

10/02/2020 FTSE Closed at 7446 points. Change of -0.27%. Total value traded through LSE was: £ 5,691,847,581 a change of -12.91%

7/02/2020 FTSE Closed at 7466 points. Change of -0.51%. Total value traded through LSE was: £ 6,535,596,145 a change of 5.4%

6/02/2020 FTSE Closed at 7504 points. Change of 0.29%. Total value traded through LSE was: £ 6,200,545,970 a change of -22.21%

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