s Supply, Demand and PA thread

[franl2]

Anyone tempted? Not seeing any decent demand here. . And a whopping W1 engulfing candle.

Bitcoin loses third of significance during week

http://www.bbc.co.uk/news/business-42457983

Bitcoin proceeds to give its investors an exciting ride. This week, it has dropped by roughly one-third from a record high of just short of $20,000.

So far, on Friday alone, it has lost 14 percent of its value, falling to $13,419, as stated by the Coindesk exchange website.

[franl2]

quote I feel the same way. Give me gold and silver...

I think now is a fantastic time to earn money with a fantastic holding of gold and silver. Outside and all physical the banking system.

I've no idea when the next leg of the banking crisis is going to hit but it's likely to be extremely serious when it arrives. Bitcoin is untested in these situations.

[Vrichart]

quote The entire bitcoin topic is enough to make me puke, but thats just showing my age.

I feel the Exact Same way.

Give me gold and silver...

[Colmixxo18]

As a trader that has put in tens of thousands of hours of intensive chart period, how can this type of narrative make you believe? Bitcoin: My 400 coin wager paid off, but is it too late for others? Http://www.bbc.co.uk/news/av/technol...ate-for-others

The whole bitcoin subject is enough to make me puke, but thats just showing my age,

Another subject/chart is where CC currently is, moving into the festive season, lovely shorting to be hadnew year instead of in between.

[franl2]

As a trader who has put in tens of thousands of hours over years of intensive chart time, how can this type of story make you feel?

Bitcoin: My 400 coin bet paid off, but is it too late for many others?

http://www.bbc.co.uk/news/av/technol...ate-for-others

[franl2]

If I was seeing this from a very long term view (weekly and monthly ) I'd say 1:18 to 1:20 is where EU is heading. This is the term untested S/R area that is prior. Whether this gap closes or not I'm not sure.

Only found an old forecast from EU in May when price was 1.09. Turned out fairly well but didn't do much with it besides the usual intraday stuff.

[franl2]

So, which way is the dollar going to go next year... image

Looks pretty bearish to me. I am fancying EU to maneuver out of this range and mind toward 1.25.

If that recent DX area for some reason will get bull engulfed then all bets are off.

[Colmixxo18]

Xmas greetings to you all, really like what you guys post.

[alicayhdz]

So, which way is the dollar going to move next year....

[franl2]

USDCAD image

Great entry but watch out for early evacuation and goal for over 2:1 RR targets. A couple got this one.