Whats good guys?
Ok…The two images, i will first break down btc…
As it stands Bitcoin is holding this 50 ema zone. With a green stopping volume candle…
Consider the fact that traders are now trying to trade the logic of a ema cross over (50 and 200)
Now as long as bitcoin maintains its stance below the 50, we would expect the purple zone, which is the previous vector candle recovery zone, to be breached…
One thing on my mind is the fact that price has stalled and has not moved towards the daily open for a test…Remember the principle of the Daily open (magnet)
Now lets assume that the news on existing home sales comes in faviourable for the dollar…Bitcoin will likely drop lower.
The same goes for ethereum…
EURUSD Chart – I started building shorts on anticipation of the unemployment claims.
Last reading showed that the claims were less, the labour market is looking good…
So I was witnessing eurusd slowly moving higher… Notice how the green vector candles are all in one space, with minimal movement away from the zones…
On the news itself, they started to run price lower which sent price to the previous green vector candle on the 1hr time frame.
In principle, would you agree that the move in EURUSD was designed for the news?
Can we honestly say the market makers know the information?
Why is it when it comes to FOMC conferences that they keep price in a stalling range? Yet when it comes to financial results like Unemployment claims…Everything seems to move in sync with the news results?
Lets assume that is case…In future we must be aware of the plays of the market maker in relation to news…Now anything can happen, however when it comes to forex, there are rules they have to stick to. (ADR)
Will get a video update over to you later on, getting the family ready for thte airport.
Mad Love
T
