I said the 230 level or thereabouts in yesterday's post for potential Dax resistance, and it's interesting that it did flounder around there today, got a bit above it, but couldn't push higher. Could be just because it is Friday and we'll see it move higher next week, or not. Dow is just up there isn't it? Looks ripe for a correction, but as soon as it looks like coming down, or does come down a bit, it just keeps getting bought right back up again.
Bitcoin looks like it could be about to topple. I warned a friend who's been long Bitcoin since 2015 about this a couple of weeks ago, but these Bitcoin buyers really do think it is headed for the stars - 10,000, 20,000...you name it, so there are many people just sitting through the pullbacks and hanging on in there, but boy, that to me is a risky strategy. Bitcoin is great to trade, but to hold as an investment?? Big risk I';d say given its volatility. Anyway, I think we could see a pullback fairly soon, as the pa is indicative of a topping market, and I'd say a return to 4,000 bucks could be on the cards, which is the Daily 100sma which sent it back up in September, although that would be a much bigger fall now than it was then if we see those levels again.
GJ held on S2 today which I had as my lowest level, combined as it was with the H4 100sma. I now have it in a range from Wednesday's high to today's low, so that sets the scene for next week. I'll do my best to post my pre-London TA for GJ next week for all those who are interested.
England under 17s football team play in the World Cup final against Spain tomorrow, so C'MON YOU LIONS!!!!!!!!!!!!!!!!!!!!!!
PS - I've already put money on the senior English national team to win both the 2022 and 2026 World Cups!
The weekend is upon us, and as they say down under - ' have yourselves a blinder '.
Bitcoin looks like it could be about to topple. I warned a friend who's been long Bitcoin since 2015 about this a couple of weeks ago, but these Bitcoin buyers really do think it is headed for the stars - 10,000, 20,000...you name it, so there are many people just sitting through the pullbacks and hanging on in there, but boy, that to me is a risky strategy. Bitcoin is great to trade, but to hold as an investment?? Big risk I';d say given its volatility. Anyway, I think we could see a pullback fairly soon, as the pa is indicative of a topping market, and I'd say a return to 4,000 bucks could be on the cards, which is the Daily 100sma which sent it back up in September, although that would be a much bigger fall now than it was then if we see those levels again.
GJ held on S2 today which I had as my lowest level, combined as it was with the H4 100sma. I now have it in a range from Wednesday's high to today's low, so that sets the scene for next week. I'll do my best to post my pre-London TA for GJ next week for all those who are interested.
England under 17s football team play in the World Cup final against Spain tomorrow, so C'MON YOU LIONS!!!!!!!!!!!!!!!!!!!!!!
PS - I've already put money on the senior English national team to win both the 2022 and 2026 World Cups!
The weekend is upon us, and as they say down under - ' have yourselves a blinder '.
1