#FTSE #SP500 We reviewed Bitcoin in December, giving a potential tongue in cheek target of $77,000, a seriously big number. “All” the crypto needed do was exceed the $45k level and now, with such a trigger being bettered, things seem to be happening. The reason for Bitcoin coming to life is probably due to the forthcoming event on April 20th called Bitcoin Halving. This process comes from the original invention of Bitcoin, a set of rules designed to stop new imaginary Bitcoins being issued by the year 2040.
The obvious question is; “Will Bitcoin increase in value as supply declines?”
The so called Bitcoin miners, essentially professional guessers of a code to release the supply of new Bitcoins, certainly face tougher times. Bitcoin miners sell their reward of new Bitcoins to finance their costs and of course, to make profit. With fewer Bitcoins being issued, things will become tighter with the potential of job losses among the drone computers guessing numbers. When Bitcoin first halved in 2012 with the miner reward going to 25 Bitcoins, the price experienced a modest surge. The next halving in 2016 (It happens every 4 years) reduced the miners reward to 12.5 and the third halving in 2020 obviously reduced the reward to 6.25 Bitcoin for a correct guess. In April, with the miners reward reducing to 3.125, it will be interesting to see if there is an effect on miner share prices.
As the chart below shows, historically any suggestion of “halving” producing a major immediate impact is fairly moot. Obviously there have been fantastic gains since 2020 but until recently, we’d regarded this as driven by hype rather than any supply issues.
If things intend go wrong for the phony currency, below 42000 dollars looks problematic, allowing reversal to an initial 34,500 with our secondary, if broken, at a potential bottom of 26700 dollars, a price level where the visuals suggest a bounce is possible.
Alternately, now above $57,700 should prove capable of now triggering growth to an initial $68,487 with our secondary, if bettered, calculating at a longer term $86,153. This would represent yet another all time high and probably also a point where some hesitation and volatility is expected.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:21:19PM | BRENT | 8226.7 | ‘cess | ||||||||
| 10:23:50PM | GOLD | 2030.1 | Shambles | ||||||||
| 10:25:57PM | FTSE | 7684.3 | 7668 | 7656 | 7634 | 7688 | 7700 | 7703 | 7714 | 7682 | |
| 10:27:45PM | STOX50 | 4883.8 | |||||||||
| 10:32:38PM | GERMANY | 17586.9 | Success | ||||||||
| 10:35:58PM | US500 | 5079.2 | 5056 | 5033 | 5007 | 5079 | 5082 | 5089 | 5100 | 5070 | ‘cess |
| 10:54:33PM | DOW | 38958.5 | Success | ||||||||
| 10:57:31PM | NASDAQ | 17970.6 | |||||||||
| 11:00:19PM | JAPAN | 39335 |
27/02/2024 FTSE Closed at 7683 points. Change of -0.01%. Total value traded through LSE was: £ 4,978,135,688 a change of -13%
26/02/2024 FTSE Closed at 7684 points. Change of -0.29%. Total value traded through LSE was: £ 5,722,289,036 a change of 8.14%
23/02/2024 FTSE Closed at 7706 points. Change of 0.29%. Total value traded through LSE was: £ 5,291,710,334 a change of -10.94%
22/02/2024 FTSE Closed at 7684 points. Change of 0.29%. Total value traded through LSE was: £ 5,941,569,029 a change of 3.14%
21/02/2024 FTSE Closed at 7662 points. Change of -0.74%. Total value traded through LSE was: £ 5,760,836,180 a change of 16.25%
20/02/2024 FTSE Closed at 7719 points. Change of -0.12%. Total value traded through LSE was: £ 4,955,387,121 a change of 38.92%
19/02/2024 FTSE Closed at 7728 points. Change of 0.22%. Total value traded through LSE was: £ 3,567,027,566 a change of -46.92% 
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:BARC Barclays** **LSE:CCL Carnival** **LSE:LLOY Lloyds Grp.** **LSE:QED Quadrise** **LSE:STAN Standard Chartered** **LSE:TSCO Tesco** **
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Updated charts published on : Barclays, Carnival, Lloyds Grp., Quadrise, Standard Chartered, Tesco,
LSE:BARC Barclays. Close Mid-Price: 166.86 Percentage Change: + 0.62% Day High: 167.4 Day Low: 164.6
Target met. Further movement against Barclays ABOVE 167.4 should improve ……..
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View Previous Barclays & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 1140 Percentage Change: + 5.75% Day High: 1157 Day Low: 1062.5
Above 1157 calculates with the potential of recovery to an initial 1202 wi ……..
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View Previous Carnival & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 46.31 Percentage Change: + 0.86% Day High: 46.52 Day Low: 45.49
Target met. All Lloyds Grp. needs are mid-price trades ABOVE 46.52 to imp ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:QED Quadrise Close Mid-Price: 1.98 Percentage Change: -2.59% Day High: 2 Day Low: 1.9
Target met. In the event Quadrise experiences weakness below 1.9 it calcu ……..
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View Previous Quadrise & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 642.6 Percentage Change: + 0.97% Day High: 650.2 Day Low: 636
This is giving slight signs of real hope. Above 668 now works out with the ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TSCO Tesco Close Mid-Price: 277.6 Percentage Change: -0.32% Day High: 280.3 Day Low: 275.9
Weakness next below 275 looks almost certain to promote reversal to 263p i ……..
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View Previous Tesco & Big Picture ***