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Showing content with the highest reputation on 27/04/19 in all areas

  1. 1 point
    Kudos to you for a very detailed analysis, thanks. I concur that Bitcoin is headed south, purely from the huge divergence on the daily chart.
  2. 1 point
    Like that new chart view withthe smaller one in bottomright. Good insight. Trump at it again 😂
  3. 0 points
    I don't trade Cryptos, my bias on them, as posted in the past, is that they are a pure mania (not just a bubble). I think the technology has merit in the search for non physical cash medium but until it become mainstream (i.e. adopted by sovereign nations and who knows maybe sometime in the future as a global currency - SciFi maybe...). Thus I think the current crop will die out to be replaced by something more serious. So much for that, now for a purely technical analysis view of Bitcoin. The rocket to the top is obvious and in a 1-5 wave pattern with a massive spike and drop. The journey down was just as dramatic until the market went horizontal in a long term consolidation pattern, which was broken to the downside in November after a few halfhearted attempts to revive the patient... The recent rally is, technically, at this point, a retrace EWT3-4 of a 5 wave return to the start point and likely oblivion. The rally is in A-B-C counter trend format and currently failing to break back through the key Resistance zone previously broken to the downside in November last year. A strong bearish rejection at the resistance zone with A-B-C completion and Neg Mom Div and other oscillators oversold tells the tale for me. Next stop, a retest of the previous support area and likely lower lows and so on and so on. Take care...
  4. 0 points
    Hi all, Just to give you some more information about why the decision has been made by IG to stop offering Cannabis stocks for share dealing clients: IG has become aware of various financial institutions performing reviews of the regulatory and political implications of offering Cannabis stocks in the UK with a recreational link, and because of this and IG's own internal review the stocks listed above are no longer appropriate for IG's risk appetite. Therefore there has been a business decision to take action as quickly as possible but within the legal allowances detailed in IG's Customer Agreement. Regarding why we can continue to offer these stocks on leverage accounts, the reason is that there is additional certainty with regards to derivatives referencing the underlying stocks, and as IG uses swaps to hedge our clients' leveraged trades with us, we will not be engaged in the physical trading of recreational linked cannabis stocks.
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