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  • #1,197,641
  • Jul 19, 2021 6:44am Jul 19, 2021 6:44am
I wonder if we see 1.20 this week or next...and now when I see people talking about 1.16 or less, its even more probable.
Everyone can see the chart, but only a few can actually read it.
  • #1,197,642
  • Edited 7:05am Jul 19, 2021 6:53am | Edited 7:05am
Good book:

https://www.amazon.ca/Art-Currency-T.../dp/1119583551

https://www.linkedin.com/in/brent-donnelly-98321187



Inserted Video
  • #1,197,643
  • Jul 19, 2021 7:12am Jul 19, 2021 7:12am
Quoting Techanalyst
Looks like BTC is history. Crashing. {image}
We've been down this road before.
Learn from your mistakes and march on.
  • #1,197,644
  • Jul 19, 2021 7:23am Jul 19, 2021 7:23am
Quoting here2there
{quote} We've been down this road before.
No, BTC has not been down this road before. It is now.
  • #1,197,645
  • Jul 19, 2021 7:31am Jul 19, 2021 7:31am
Quoting Techanalyst
{quote} No, BTC has not been down this road before. It is now.
What I meant is it has seen drops like this before. It's nothing new.

I believe it is on its way to test its 2017 ATH.

Attached Image (click to enlarge)
Click to Enlarge Name: BTC.png Size: 36 KB
Learn from your mistakes and march on.
  • #1,197,646
  • Jul 19, 2021 7:36am Jul 19, 2021 7:36am
Quoting here2there
{quote} What I meant is it has seen drops like this before. It's nothing new. I believe it is on its way to test its 2017 ATH. {image}
Not this strong. I attached a monthly chart.
Attached Image (click to enlarge)
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  • #1,197,647
  • Jul 19, 2021 7:40am Jul 19, 2021 7:40am
Quoting Js3mwtRc
If, 1810 come from here these new lows then it will be a good selling signal. {image}
I didn't took this trade, because the price spiked and closed above the half. I wait to see what is happening now. I guess shorts booking profits.
Looking for profitable short term trades ...|
  • #1,197,648
  • Jul 19, 2021 7:45am Jul 19, 2021 7:45am
Quoting Techanalyst
{quote} Not this strong. I attached a monthly chart. {image}
It makes no difference to me how strongly it falls. I am patiently waiting for this downtrend to complete. It could take months, maybe a year, maybe longer than a year. Time will tell. But I believe BTC is here to stay.

By the way, do a Google search for 'Grayscale unlocking BTC'.
Learn from your mistakes and march on.
  • #1,197,649
  • Jul 19, 2021 7:50am Jul 19, 2021 7:50am
Quoting here2there
{quote} It makes no difference to me how strongly it falls. I am patiently waiting for this downtrend to complete. It could take months, maybe a year, maybe longer than a year. Time will tell. But I believe BTC is here to stay. By the way, it's likely this is the reason why it's dropping.
This is why:

Factors behind the slowdown
At the end of June, China ordered a halt to cryptocurrency as it prepares to launch its own state-backed digital currency. That shuttered mining operations across various provinces that had hosted 50% to 60% of all of bitcoin’s mining power.

https://www.cnbc.com/2021/07/12/cryp...rice-drop.html


Bitcoin (CRYPTO:BTC) tokens are worth about 15% more than they were at the start of 2021. Today, Bitcoin is dropping as investors digest both China's recent actions related to the cryptocurrency and a major bank's opinion on its future.






Inflation and the Rush Toward Safe-Haven Assets
Another reason for Bitcoin's rise is the growing inflation of the U.S. dollar. While inflation is on average 2% each year, recent stimulus spending is poised to greatly increase the level of inflation and decrease the dollar's purchasing power.
With the recent stimulus packages, the United States has added around $2.4 trillion to the economy. This has many worrying about the inevitable decrease in the dollar's purchasing power and the rise in inflation.

https://www.investopedia.com/tech/cr...ncy-this-week/



But now that USA fundamentals are recovering, not yet as much as where they use to be, but it is getting better, investors are pulling their money out of bitcoin and putting it back into USD.
  • #1,197,650
  • Jul 19, 2021 7:56am Jul 19, 2021 7:56am
Quoting Techanalyst
{quote} Today, Bitcoin is dropping as investors digest both China's recent actions related to the cryptocurrency and a major bank's opinion on its future.
Do a Google search for 'Grayscale unlocking BTC'.
Learn from your mistakes and march on.
  • #1,197,651
  • Jul 19, 2021 8:22am Jul 19, 2021 8:22am
Quoting Leesi
So funny to see people write long stories to buy 1898 now writing long stories to seduce to short... At 1780..
Some people trade in both directions. And sometimes, people just get it wrong. No need to criticize people for making a bad call. It happens to all of us.
Learn from your mistakes and march on.
  • #1,197,652
  • Jul 19, 2021 8:42am Jul 19, 2021 8:42am
Key underlying is this moment CADJPY.
If CADJPY is (tomorrow or today) rising, so USADCAD falls, so EURUSD is rising. Usable for swing trading.

Lets see what correlation trading of this pairs brings, swing time.

For better understanding patchwork below: directions to expect (and vice versa)
EURUSD up
USDSEK down
USDCHF down
USDCAD down
CADJPY up

Correlation of those fx pairs is not equal weighted.
Attached Image (click to enlarge)
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  • #1,197,653
  • Jul 19, 2021 9:37am Jul 19, 2021 9:37am
Quoting Js3mwtRc
Good morning! A 4 H chart. I think I am going to need it this week {image}
EU back above 1770 after 15 pips drop below it. It will continue in the range

Attached Image (click to enlarge)
Click to Enlarge Name: 782496a5e24c35a924001ceb324a08c6.png Size: 52 KB
Looking for profitable short term trades ...|
  • #1,197,654
  • Jul 19, 2021 9:39am Jul 19, 2021 9:39am
Quoting tonyb123
{quote} It was a good sell on Friday high. This is DT grid.{image}{image}
Attached Image (click to enlarge)
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MY GRID. Markets are NOT random.
  • #1,197,655
  • Jul 19, 2021 9:46am Jul 19, 2021 9:46am
Was out of office ...and came back to see my E. longs stoped at 1 17 86 for quite a loss. . . . . .

I am long now and waiting to buy more IF given the chance. . . . .


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E, Hourly. . .
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  • #1,197,656
  • Jul 19, 2021 9:48am Jul 19, 2021 9:48am
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E. 5'

  • #1,197,657
  • Jul 19, 2021 9:53am Jul 19, 2021 9:53am
Attached Image (click to enlarge)
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JY 5'

I exited shorts from 110.31 upon my arrival [quite late...] at 109. 56 for a decent prft and now am long with SL as shown . . .

  • #1,197,658
  • Jul 19, 2021 10:35am Jul 19, 2021 10:35am
When long story writers say sell..sell. Better buy... And when they...say...buy buy... Book the profit and sell...
  • #1,197,659
  • Jul 19, 2021 1:48pm Jul 19, 2021 1:48pm
Attached Image (click to enlarge)
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JY 5' Exited long with 5 pips+

E. 5' I have 3 long pos. as shown . I am looking North . . . .

  • #1,197,660
  • Jul 19, 2021 2:18pm Jul 19, 2021 2:18pm
Sell 1.1815/20, buy 1.1760
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
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