{"id":1042,"date":"2019-06-27T22:33:07","date_gmt":"2019-06-27T21:33:07","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1042"},"modified":"2019-06-28T08:10:16","modified_gmt":"2019-06-28T07:10:16","slug":"ftse-bitcoin-for-28-06-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/06\/27\/ftse-bitcoin-for-28-06-2019\/","title":{"rendered":"FTSE & Bitcoin for 28\/06\/2019"},"content":{"rendered":"\n

#Nasdaq #DAX <\/strong>We started this week, proposing a scenario where Bitcoin could soar to 13,286 dollars. The scenario triggered, the phony currency actually achieving 13,800 before hitting a bit of turbulence. Perhaps turbulence is a bit of understatement, given the -20% thrashing it received. In fact, it may fall further.<\/p>\n\n\n\n

Continued Bitcoin weakness below 10,330 calculates with \nthe potential of a further 1,000 dollar drop. It “should” bounce by 9,330, \nespecially due to it exceeding our earlier upward target. The implication given \nis of further strength in the future now calculating with 16,000 dollars and \nbeyond. <\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

Current behaviour highlights one of our great dislikes \nwith Bitcoin. Traditionally, we give primary and secondary targets, our thinking \nbeing of turbulence at each target level. In the case of Bitcoin, it often \nvaguely follows “the rules” but with price swings more reminiscent of AIM shares \n10 years ago. When ramping groups would seek to substantially enhance investors \nexpectations, creating a buying frenzy for dodgy AIM companies, invariably this \nwould leave a majority of investors “walking funny”. Thankfully, this is one \narea where market authorities tend exert some control and Pump & Dumps, while \nstill present, are less frequent. Of course, there’s now Bitcoin available to \ndamage traders wealth as its price swings can defy logic.<\/p>\n\n\n\n

As for The FTSE for Friday (It closed Thursday at \n7,402), we’ve a ruling expectation of the index heading to 7,328 points and \nhopefully a bottom. The market needs better 7,437 to escape the immediate \ndowntrend, giving a pretty easy visual level for a stop loss. Anything near term \nbelow 7,375 should promote the final downhill drag to target. There is a \nproblem, if 7,328 breaks. We obviously can calculate a secondary and it’s at \n7,302 points, a level where a real rebound can be hoped.<\/p>\n\n\n\n

Importantly, if we opt to review the upward potentials \nfor the index, the market presently needs better 7,432 points to trigger a near \nterm rise toward 7,464 points. We have some doubts about this, given it would \nexceed the market downtrend since May 2018! In the unlikely basis this proves \ncorrect, our secondary calculates at 7,464 and, rather amazingly, takes the UK \nmarket into a longer term region with 7,630 as a major ambition.<\/p>\n\n\n\n

Have a good weekend. It’s the Austrian GP, generally \nquite a good one following the utter boredom supplied by France, yet again. \nPerhaps F1 management could do race fans a favour, ditching both Monaco and \nFrance from the annual event calendar as neither tend deliver an actual race.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n\n
\n\t

Time Issued<\/font><\/TD>

\n\t

Market<\/font><\/TD>

\n\t

Price At Issue<\/font><\/TD>

\n\t

Short Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Long Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Prior<\/font><\/TD> <\/TR>\nFUTURES<\/font><\/a>

\n\t

9:55:17PM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

65.55<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

9:57:38PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1409.64<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

9:59:42PM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7407.6<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Shambles<\/font><\/TD> <\/TR>\n

\n\t

10:02:28PM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5489.7<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:05:17PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

12301<\/font><\/TD>

\n\t

12216<\/font><\/TD>

\n\t

12173<\/font><\/TD>

\n\t

12119<\/font><\/TD>

\n\t

12289<\/font><\/TD>

\n\t

12335<\/font><\/TD>

\n\t

12354<\/font><\/TD>

\n\t

12403<\/font><\/TD>

\n\t

12258<\/font><\/TD>

\n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:06:46PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

2929.22<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

10:09:11PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

26555<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

10:11:18PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7659.25<\/font><\/TD>

\n\t

7620<\/font><\/TD>

\n\t

7598<\/font><\/TD>

\n\t

7534<\/font><\/TD>

\n\t

7690<\/font><\/TD>

\n\t

7690<\/font><\/TD>

\n\t

7719.5<\/font><\/TD>

\n\t

7753<\/font><\/TD>

\n\t

7626<\/font><\/TD>

\n\t

<\/TD> <\/TR>\n

\n\t

10:13:29PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

21222<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n\n<\/TABLE>\n\n

\n\n<\/a><\/font><\/p>\n

27\/06\/2019 FTSE Closed at 7402 points. Change of -0.19%. Total value traded through LSE was: \u00a3 5,256,939,146 a change of -12.83%<\/h>\n","protected":false},"excerpt":{"rendered":"

#Nasdaq #DAX We started this week, proposing a scenario where Bitcoin could soar to 13,286 dollars. The scenario triggered, the phony currency actually achieving 13,800 before hitting a bit of turbulence. Perhaps turbulence is a bit of understatement, given the -20% thrashing it received. In fact, it may fall further. Continued Bitcoin weakness below 10,330 … <\/p>\n

Continue reading “FTSE & Bitcoin for 28\/06\/2019”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1042","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=1042"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1042\/revisions"}],"predecessor-version":[{"id":1043,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1042\/revisions\/1043"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1042"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}