Bitcoin  (COIN:BTCUSD) doing some dramatics 

#Gold #DOW  Sorry, it;s a very brief report for Tuesday, focussing on Bitcoin. At risk of being a dramatic cliche, after running the numbers against the crypto on Tuesday evening, I went into the kitchen to make myself a cocoa which generally gives time to think what to write.

When I “came too” on the kitchen floor just before 6am, it was immediately clear I’d tripped on a kitchen rug, come down hard, and probably knocked my head on a cupboard door. And to make matters worse, my nightly mug of cocoa still had the production ritual to go through. Relating the tale to my wife as an anecdote, she rapidly bundled us into her car to get a quick checkup at the town hospital, an exercise which revealed nothing wrong and we left with a check list of things to watch for in the next day. My estimate is I was out cold for four hours during which time, absolutely NO inspiration for a Bitcoin article appeared.

 

Currently there’s speculation Crypto values are firming up, due to the potential of Mr Trump winning the US election. It is certainly the case for Bitcoin where movement next above 69.500 should promote the idea of movement to an initial 77,805 with our longer term secondary, if bettered, calculating at 87,164 dollars.

If things intend go wrong for Bitcoin, the price needs below 55,500 for concerns to become valid as this risks triggering reversal to an initial 41,200 with our secondary, if broken, at 27,500.

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:26:50PM BRENT 7382.6
10:50:28PM GOLD 2719.71 2714 2709 2699 2724 2741 2748 2769 2723 ‘cess
11:13:10PM FTSE 8325.4
11:19:13PM STOX50 4948
12:10:14AM GERMANY 19528.9
12:24:18AM US500 5847.4 ‘cess
12:28:38AM DOW 42875 42869 42827 42703 42965 43297 43397 43573 43113 ‘cess
12:43:40AM NASDAQ 20310.3
12:48:20AM JAPAN 38419 Success

 

21/10/2024 FTSE Closed at 8318 points. Change of -0.48%. Total value traded through LSE was: £ 3,835,225,981 a change of -24.37%
18/10/2024 FTSE Closed at 8358 points. Change of -0.32%. Total value traded through LSE was: £ 5,071,129,740 a change of -4.53%
17/10/2024 FTSE Closed at 8385 points. Change of 0.67%. Total value traded through LSE was: £ 5,311,482,750 a change of -18.88%
16/10/2024 FTSE Closed at 8329 points. Change of 0.97%. Total value traded through LSE was: £ 6,547,715,770 a change of 9.87%
15/10/2024 FTSE Closed at 8249 points. Change of -0.52%. Total value traded through LSE was: £ 5,959,303,789 a change of 44.82%
14/10/2024 FTSE Closed at 8292 points. Change of 0.47%. Total value traded through LSE was: £ 4,114,889,557 a change of -0.88%
11/10/2024 FTSE Closed at 8253 points. Change of 0.19%. Total value traded through LSE was: £ 4,151,259,780 a change of -12.55%

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:CEY Centamin** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:LLOY Lloyds Grp.** **

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Updated charts published on : Centamin, Foxtons, Fresnillo, Intercontinental Hotels Group, ITM Power, Lloyds Grp.,


LSE:CEY Centamin. Close Mid-Price: 171.5 Percentage Change: + 2.14% Day High: 173.7 Day Low: 167.9

Target met. Further movement against Centamin ABOVE 173.7 should improve ……..

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</p

View Previous Centamin & Big Picture ***


LSE:FOXT Foxtons Close Mid-Price: 61.2 Percentage Change: -0.97% Day High: 62 Day Low: 60.6

Weakness on Foxtons below 60.6 will invariably lead to 56p next. If broke ……..

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</p

View Previous Foxtons & Big Picture ***


LSE:FRES Fresnillo. Close Mid-Price: 747.5 Percentage Change: + 6.33% Day High: 760 Day Low: 722.5

Target met. In the event of Fresnillo enjoying further trades beyond 760, ……..

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View Previous Fresnillo & Big Picture ***


LSE:IHG Intercontinental Hotels Group Close Mid-Price: 8566 Percentage Change: -0.60% Day High: 8658 Day Low: 8578

All Intercontinental Hotels Group needs are mid-price trades ABOVE 8658 t ……..

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</p

View Previous Intercontinental Hotels Group & Big Picture ***


LSE:ITM ITM Power Close Mid-Price: 41.4 Percentage Change: -5.00% Day High: 44.2 Day Low: 41.52

Target met. In the event ITM Power experiences weakness below 41p it calc ……..

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</p

View Previous ITM Power & Big Picture ***


LSE:LLOY Lloyds Grp. Close Mid-Price: 61.8 Percentage Change: -0.61% Day High: 62.34 Day Low: 61.58

Further movement against Lloyds Grp. ABOVE 62.34 should improve accelerat ……..

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View Previous Lloyds Grp. & Big Picture ***


*** End of “Updated Today” comments on shares

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