{"id":1396,"date":"2019-11-26T23:16:38","date_gmt":"2019-11-26T23:16:38","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1396"},"modified":"2019-11-27T16:39:26","modified_gmt":"2019-11-27T16:39:26","slug":"trends-and-targets-for-27-11-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/11\/26\/trends-and-targets-for-27-11-2019\/","title":{"rendered":"Trends and Targets for 27\/11\/2019"},"content":{"rendered":"\n

BITCOIN (COIN:BTCUSD) <\/strong>Before working on Bitcoin, we’ve some really nerdy FTSE<\/strong> stuff worth reviewing. It appears, finally, calamity may be upon the FTSE. On Sept 27th, the index closed at 7,426 points. On November 7th, the index closed the day at 7,406 points with a day high of 7,431. Today, 26th November, it closed at 7,403 points and the day high was 7,421 points. This series of lower closing prices has created a painfully obvious trend.<\/p>\n\n\n\n

We shall examine it in more detail later this week but \nfor now, until the FTSE trades beyond 7,431 points, some caution with short \npositions is recommended. This pattern of behaviour can often suggest things \nshall go wrong, very quickly.<\/p>\n\n\n\n

\"Hey,<\/figure>\n\n\n\n

As for Bitcoin<\/strong>, when we last reviewed it (link<\/a><\/strong>), \na fairly miserable outlook Big Picture for its future was given, one it \nsuccessfully lived down to. Unfortunately, in the period since, the outlook has \ncontinued to weaken and our “secondary” target of 7,220 broken, quite \nconclusively. This has created a rather unpleasant situation, one where weakness \nnow below 6,500 suggests travel down to 5,923 next. Some considerable hope \nexists for a bounce at such a level as the implications, if broken, are of \nreversal to a further 3,233.<\/p>\n\n\n\n

This target computation essentially matches the lows at \nthe start of 2019, signalling once again Bitcoins rise has failed. We do have \nsome slight hope for a rebound around the 5,000 dollar mark, simply thanks to \nsome prior twitches at such a level, along with the psychological self \nfulfilment concept of “it will bounce at the 5k mark”. Frankly, we’re not \nconfident.<\/p>\n\n\n\n

As the chart shows, Bitcoin needs recover above Red, \nsimply to regain the prior uptrend. Presently, this level is around the 8,000 \ndollar mark and feels like a difficult ambition, given the strength of the wider \nstock markets.<\/p>\n\n\n\n

Who knows, maybe 2020 will be the year when Bitcoin can \nbe seen clearly. <\/p>\n\n\n\n

It needs to be said, will next year be “The Year of The \nOptician” in China? Can we have fines for eyesight jokes next year?<\/strong><\/p>\n\n\n\n

\"Hey,<\/figure>\n\n\n\n<\/p>\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

10:39:51PM<\/font><\/td>

\n\t

BRENT<\/font><\/td>

\n\t

63.22<\/font><\/td>

 <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td> \n\t

‘cess<\/font><\/td> <\/TR>\n

\n\t

10:41:52PM<\/font><\/td>

\n\t

GOLD<\/font><\/td>

\n\t

1462.05<\/font><\/td>

 <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td> \n\t

‘cess<\/font><\/td> <\/TR>\n

\n\t

10:44:17PM<\/font><\/td>

\n\t

FTSE<\/font><\/td>

\n\t

7405.26<\/font><\/td>

 <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td> \n\t

‘cess<\/font><\/td> <\/TR>\n

\n\t

10:46:01PM<\/font><\/td>

\n\t

FRANCE<\/font><\/td>

\n\t

5932.7<\/font><\/td>

\n\t

5909<\/font><\/td>

\n\t

5897.5<\/font><\/td>

\n\t

5883<\/font><\/td>

\n\t

5929<\/font><\/td>

\n\t

5941<\/font><\/td>

\n\t

5951<\/font><\/td>

\n\t

5965<\/font><\/td>

\n\t

5917<\/font><\/td>

\n\t

<\/td> <\/TR>\n

\n\t

10:47:23PM<\/font><\/td>

\n\t

GERMANY<\/font><\/td>

\n\t

13265.39<\/font><\/td>

 <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td> \n\t

‘cess<\/font><\/td> <\/TR>\n

\n\t

10:48:39PM<\/font><\/td>

\n\t

US500<\/font><\/td>

\n\t

3144.62<\/font><\/td>

 <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td> \n\t

‘cess<\/font><\/td> <\/TR>\n

\n\t

10:50:12PM<\/font><\/td>

\n\t

DOW<\/font><\/td>

\n\t

28151<\/font><\/td>

 <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td> \n\t

‘cess<\/font><\/td> <\/TR>\n

\n\t

10:51:43PM<\/font><\/td>

\n\t

NASDAQ<\/font><\/td>

\n\t

8397.37<\/font><\/td>

 <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td> \n\t

Success<\/font><\/td> <\/TR>\n

\n\t

10:53:54PM<\/font><\/td>

\n\t

JAPAN<\/font><\/td>

\n\t

23432<\/font><\/td>

\n\t

23305<\/font><\/td>

\n\t

23213<\/font><\/td>

\n\t

23080<\/font><\/td>

\n\t

23432<\/font><\/td>

\n\t

23612<\/font><\/td>

\n\t

23723<\/font><\/td>

\n\t

23869<\/font><\/td>

\n\t

23305<\/font><\/td>

\n\t

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

 <\/p>\n

26\/11\/2019 FTSE Closed at 7403 points. Change of 0.09%. Total value traded through LSE was: \u00a3 9,287,781,943 a change of 67.52%<\/h><\/p>\n
25\/11\/2019 FTSE Closed at 7396 points. Change of 0.96%. Total value traded through LSE was: \u00a3 5,544,320,565 a change of 6.78%<\/h><\/p>\n
22\/11\/2019 FTSE Closed at 7326 points. Change of 1.22%. Total value traded through LSE was: \u00a3 5,192,412,665 a change of -5.45%<\/h><\/p>\n
21\/11\/2019 FTSE Closed at 7238 points. Change of -0.33%. Total value traded through LSE was: \u00a3 5,491,994,018 a change of -12.81%<\/h><\/p>\n
20\/11\/2019 FTSE Closed at 7262 points. Change of -0.83%. Total value traded through LSE was: \u00a3 6,298,819,044 a change of 17.12%<\/h><\/p>\n
19\/11\/2019 FTSE Closed at 7323 points. Change of 0.22%. Total value traded through LSE was: \u00a3 5,378,033,826 a change of -0.49%<\/h><\/p>\n
18\/11\/2019 FTSE Closed at 7307 points. Change of 0.07%. Total value traded through LSE was: \u00a3 5,404,777,192 a change of 7.28%<\/h><\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

BITCOIN (COIN:BTCUSD) Before working on Bitcoin, we’ve some really nerdy FTSE stuff worth reviewing. It appears, finally, calamity may be upon the FTSE. On Sept 27th, the index closed at 7,426 points. On November 7th, the index closed the day at 7,406 points with a day high of 7,431. Today, 26th November, it closed at … <\/p>\n

Continue reading “Trends and Targets for 27\/11\/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-1396","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1396","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=1396"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1396\/revisions"}],"predecessor-version":[{"id":1398,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1396\/revisions\/1398"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1396"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}