Next stop 38% retrace about 13145?????
This looks like a good target as it's also converges with a trend line which started from this morning
Trading with point and figure
- Thread starter Dentalfloss
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This looks like a good target as it's also converges with a trend line which started from this morning
Moneylender
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yup. I will be about but off out later so might trade off my phone until the alcohol takes hold of me.
Dentalfloss
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24720 finally broke
excellent stuff
excellent stuff
Dentalfloss
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mornin folks
Dentalfloss
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Ramp Newsletter December 20, 2017
Coinbase is perhaps the largest US Bitcoin and crypto currency exchange. This past Thanksgiving on Nov. 23, 2017 when families in the US gathered there was a lot of conversation about Bitcoin and other crypto currencies. Because these millions of families got together and taught each other about crypto currencies, Coinbase was slammed with over 1,000,000 new accounts in just a few days. Those 1,000,000 new Coinbase users along with millions more from other exchanges were all trying to buy Bitcoin and other crypto currencies for the first time. Less than 21,000,000 Bitcoin even exist. As a result, Bitcoin ran up from $7,979.00 to over $20,000.00. That was a 250 percent gain in a few weeks. See the Ramp Program chart below.
Now think about this. Christmas is a Christian holiday and it is less than one week away. I have no doubt that the dinner table talk for millions of families will be to teach each other about Bitcoin and other crypto currencies. Thanksgiving was just a US holiday. Christmas encompasses the entire Christian world and it will be gigantic. A week later, families gather for New Years. That is everyone on earth! Hold on folks. This is going to be a rocket ride.
Please forward this email to everyone you know who has any interest in Bitcoin or other crypto currencies.
See more charts in this YouTube video.
You can download the Ramp Chart Pattern Program and follow these charts yourself at www.Nebadawn.com.
Subscribe to this newsletter.
If you have any questions please send them to me.
Thank you.
Andy Skinner
[email protected]
Coinbase is perhaps the largest US Bitcoin and crypto currency exchange. This past Thanksgiving on Nov. 23, 2017 when families in the US gathered there was a lot of conversation about Bitcoin and other crypto currencies. Because these millions of families got together and taught each other about crypto currencies, Coinbase was slammed with over 1,000,000 new accounts in just a few days. Those 1,000,000 new Coinbase users along with millions more from other exchanges were all trying to buy Bitcoin and other crypto currencies for the first time. Less than 21,000,000 Bitcoin even exist. As a result, Bitcoin ran up from $7,979.00 to over $20,000.00. That was a 250 percent gain in a few weeks. See the Ramp Program chart below.
Now think about this. Christmas is a Christian holiday and it is less than one week away. I have no doubt that the dinner table talk for millions of families will be to teach each other about Bitcoin and other crypto currencies. Thanksgiving was just a US holiday. Christmas encompasses the entire Christian world and it will be gigantic. A week later, families gather for New Years. That is everyone on earth! Hold on folks. This is going to be a rocket ride.
Please forward this email to everyone you know who has any interest in Bitcoin or other crypto currencies.
See more charts in this YouTube video.
You can download the Ramp Chart Pattern Program and follow these charts yourself at www.Nebadawn.com.
Subscribe to this newsletter.
If you have any questions please send them to me.
Thank you.
Andy Skinner
[email protected]
Dentalfloss
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from Andy Skinner
Dentalfloss
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dow
Dentalfloss
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Dax....fake...lol
Dentalfloss
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dax....faked
now in a zone of horizontal supp that goes down to 12800 area
now in a zone of horizontal supp that goes down to 12800 area
Dentalfloss
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we could bounce off 13087 area for an xmas rally
or stay in the zone of horizontal supp....messing 12.8K to 13K
nowt else
or stay in the zone of horizontal supp....messing 12.8K to 13K
nowt else
Dentalfloss
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dow
Dentalfloss
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maybe we break...??
Dentalfloss
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higher is 24680
lower is 24520
lower is 24520
Dentalfloss
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13087 ...and dump this morning...missed it
Dentalfloss
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13050 ..there now#
was prev supp
was prev supp
Dentalfloss
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- Busier day for data as 'no change' BoJ digested: UK PSNB, Canada CPI &
Retail Sales, US final GDP, jobless claims, Philly Fed and FHFA House
Prices; Catalonia election, UK govt and Brexit, US debt ceiling also
in view
- BoJ: Kuroda leans hard against 'preparing for exit' chatter, plays
down growth momentum, puts inflation front and central
- Bond market dynamics increasingly moving into focus
** PLEASE NOTE **
This is the last update for this year. May I take the opportunity to
wish all our readers all the best for the festive period, and a happy
and prosperous New Year.
..........................................................................
********************
** EVENTS PREVIEW **
********************
A much busier day in terms of economic data is in prospect, as markets digest the Bank of Japan's as expected 'no change' policy decision, and indeed the final passage of the US Tax Reform Bill, though a tight deadline (tomorrow) still looms for raising the US debt ceiling. There are slightly better than expected NZ Q3 GDP and the rather unsurprising dip in UK Consumer Confidence, and generally positive surveys in Europe to digest. Ahead lies the UK PSNB budget data, Canadian CPI and Retail Sales and a slew of US data including final Q3 GDP, weekly jobless claims, the Philly Fed Manufacturing survey and FHFA House Prices. In event terms, the Catalonia regional election will be the main focus, along with Brexit related news, and the forced resignation of UK PM May's close ally Damian Green. In respect of the BoJ, the upgrades to the growth outlook were not as noteworthy as Kuroda being at pains to lean against the impression that the BoJ might be looking to adjust policy anytime soon, above all that BoJ talk around 'reversal points' was not a signal. He was at least very clear that inflation being close to / at their 2.0% target will be the key focal point, though as has been observed elsewhere, this still leaves some wiggle room in terms of arguing that such a move may not in fact be sustained.
However it is markets' internal dynamics that may prove to be the key talking point, as investors contemplate the break higher in US Treasury yields (though the 10 yr yield is in effect unchanged on the year), and what this may imply for other asset classes in 2018. As previously observed, it has been the case for a very protracted period that on a relative basis, riskier assets, be that IG, HY or EM Credit or equities, have always looked more attractive when govt bond yields (nominal and real) are so low. By extension a more serious setback for 'riskier assets' has always been contingent on a sustained rise in govt yields. Much will inevitably depend on how far this rise in US and European yields goes, with the halving of the ECB's QE programme to EUR 30 Bln per month in Q1, and the Fed upping the pace of its balance sheet reduction to $20 Bln per month presenting a modest headwind. A rather greater challenge will be adverse base effects for inflation in many countries as the unexpected setbacks in February through August 2017 drop out of the comparison. The latter challenges the assumption, which is all too visible in 30-yr govt yields, that inflation will remain very low for the foreseeable future.
from Marc Ostwald
Retail Sales, US final GDP, jobless claims, Philly Fed and FHFA House
Prices; Catalonia election, UK govt and Brexit, US debt ceiling also
in view
- BoJ: Kuroda leans hard against 'preparing for exit' chatter, plays
down growth momentum, puts inflation front and central
- Bond market dynamics increasingly moving into focus
** PLEASE NOTE **
This is the last update for this year. May I take the opportunity to
wish all our readers all the best for the festive period, and a happy
and prosperous New Year.
..........................................................................
********************
** EVENTS PREVIEW **
********************
A much busier day in terms of economic data is in prospect, as markets digest the Bank of Japan's as expected 'no change' policy decision, and indeed the final passage of the US Tax Reform Bill, though a tight deadline (tomorrow) still looms for raising the US debt ceiling. There are slightly better than expected NZ Q3 GDP and the rather unsurprising dip in UK Consumer Confidence, and generally positive surveys in Europe to digest. Ahead lies the UK PSNB budget data, Canadian CPI and Retail Sales and a slew of US data including final Q3 GDP, weekly jobless claims, the Philly Fed Manufacturing survey and FHFA House Prices. In event terms, the Catalonia regional election will be the main focus, along with Brexit related news, and the forced resignation of UK PM May's close ally Damian Green. In respect of the BoJ, the upgrades to the growth outlook were not as noteworthy as Kuroda being at pains to lean against the impression that the BoJ might be looking to adjust policy anytime soon, above all that BoJ talk around 'reversal points' was not a signal. He was at least very clear that inflation being close to / at their 2.0% target will be the key focal point, though as has been observed elsewhere, this still leaves some wiggle room in terms of arguing that such a move may not in fact be sustained.
However it is markets' internal dynamics that may prove to be the key talking point, as investors contemplate the break higher in US Treasury yields (though the 10 yr yield is in effect unchanged on the year), and what this may imply for other asset classes in 2018. As previously observed, it has been the case for a very protracted period that on a relative basis, riskier assets, be that IG, HY or EM Credit or equities, have always looked more attractive when govt bond yields (nominal and real) are so low. By extension a more serious setback for 'riskier assets' has always been contingent on a sustained rise in govt yields. Much will inevitably depend on how far this rise in US and European yields goes, with the halving of the ECB's QE programme to EUR 30 Bln per month in Q1, and the Fed upping the pace of its balance sheet reduction to $20 Bln per month presenting a modest headwind. A rather greater challenge will be adverse base effects for inflation in many countries as the unexpected setbacks in February through August 2017 drop out of the comparison. The latter challenges the assumption, which is all too visible in 30-yr govt yields, that inflation will remain very low for the foreseeable future.
from Marc Ostwald
Dentalfloss
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rally into our 13087
