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BITCOIN (BTC/USD) COULD EXTEND THE CORRECTIVE BIAS IN THE SHORT-TERM
00:19 26.12.2017
The main news in the last days around the cryptocurrencies has been the massive take-profiting action of the Bitcoin after having found resistance around the important psychological level of 19,000. The price has lost about 20% and although it has managed to have a recovery, it seems that the bears want to retake the reins of the pair in the short term.
At the fundamental level, we have observed that more hedge funds have been betting on the BTC and countries are increasingly resigned to accept companies that trade with cryptocurrency. An example of this is Belarus, whose country has taken measures of tax cuts for those companies that are in the cryptocurrency’s trading.
Technically, the BTC/USD has broken a bullish trend line, although it tries to stay above the 200-hour moving average, although the Parabolic SAR still does not show that the bulls have resumed the pair's trend. The price remains below the 50-hour moving average, which could serve as a dynamic resistance.
What do we expect?
Due to the nature of the sustained decline from the psychological mark of the 19,000, we could be ahead of a doubling of a cycle started from that fall to the lows of last week. This is reinforced by the idea that Bitcoin has fractured an uptrend line. If it breaks below the 200-hour moving average, we could see a break in the support level at 11,588 and then go to the Fibonacci extension of 100% at 5,754. On the upside, if the BTC bounces above the 200-hour moving average, the next target would be the 19,000
https://i.imgur.com/h7ZJOda.png
More:
https://f.b.s.com/analytics/articles...hort-term-5907
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BITCOIN: QUESTIONS & ANSWERS. Part II.
There are a lot of questions about bitcoin and here we are going to share some answers every week.
How does bitcoin mining work?
Bitcoins and other cryptocurrencies are produced through an operation called “mining”. In very simple terms, it involves the decentralized verification of bitcoin transactions.
Bitcoin is digital. People can send bitcoins to each other all the time. If there was no register of the transactions, it wouldn’t be possible to know who paid what. All transaction in bitcoin network during a set period of time are gathered in blocks and blocks are organized one after the other – in chains. This is where the word “blockchain” comes from. The function of miners is to confirm the transactions and put them in a public ledger. Read more details about mining in the article.
You can trade Bitcoin with F.B.S. https://f.b.s.com/trading
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forex tarding main jo banda work karta hai wo daily update rehta hai aor usko daily news ,promotion and daily analytics say update rehna chahiye kyun kay eak trader kay liye yeh bohat zaroori hai is liye apko chahiye ap log daily maket ka review karen.
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Forexs ke base pe trdaing pe trading karna sahi hai is main humain bohat dayan se news ko follow karne ke zarurt hai or promotions ko folow karne karne ki zarurt ahi.
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Yes my dear Forex trader Mere fiance Forex trading Main Agar aapke paas achi information nahi hai to aap trading me Kamyab nahi ho sakte trading mai aap news ko bolo Karenge aur analyse karna aata hai to aap bahut acchi trading kar sakte hain
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USD/JPY: DOLLAR CAN’T BREAKOUT SSA’S RESISTANCE
08:12 27.12.2017
Technical levels: support – 113.00, 112.80; resistance – 113.60.
Trade recommendations:
Buy — 113.00; SL — 112.80; TP1 — 113.60; TP2 — 114.00.
Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls can’t breaking out the resistance of upper border of the Cloud and the market may return to 113.00.
https://i.imgur.com/HLMfNf6.png
More:
https://f.b.s.com/analytics/articles...esistance-5941
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AUD/USD: AUSSIE IS UNDER RESISTANCE
08:11 27.12.2017
Technical levels: support – 0.7680; resistance – 0.7760
Trade recommendations:
Sell — 0.7760; SL — 0.7780; TP1 — 0.7680; TP2 — 0.7630.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are entered into the cloudy zone, but there is a strong main resistance on 0.7760.
https://i.imgur.com/HuG1e0C.png
More:
https://f.b.s.com/analytics/articles...esistance-5940
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Fundamental Factors
1.- Economic Indicators. Part II.
Output indicators.
Sentiment indicators.
Labor market indicators.
Housing market indicators.
Inflation.
Trade balance.
Current account balance.
As part of the group of the Economic Indicators to consider in our Funamental anaysis, we continue in this article with two more:
Labor market indicators: unemployment rate, payrolls, employment/unemployment change, unemployment claims. The higher is employment, the better for the national currency (the opposite with unemployment).
Housing market indicators: building permits/consents/approvals, housing starts, new/existing/pending home sales. If there is a sign of increasing economic activity in the housing market, it means that the national economy is healthy. This causes the exchange rate of nation’s currency to rise.
Wee will continue next week with more Economics Indicators to consider in our Fundamental Analysis. Keep with us. https://f.b.s.com/analytics/guideboo...tal-factors-32
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