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TrendFollower

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Everything posted by TrendFollower

  1. I touched upon this in a previous post on this thread that it is reported that Fidelity are going to offer Crypto trading. Now Fidelity has around $7 trillion in assets under management. It is as big as they come. What an endorsement for Bitcoin. Now who is right? A $7 trillion AUM firm called Fidelity or those on the IG Community who think Bitcoin is garbage and will eventually end up going down to zero? Now it is not out of the question that Fidelity could have got this wrong but when enough support by large institutions is offered to Bitcoin then they will all together ensure Bitcoin survives in one form or another. Fidelity is being proactive. It is showing great trust, support and confidence in Bitcoin. Maybe it has high educated and intelligence staff that really understand the Crypto Revolution that we are witnessing and they have a more open mind which is balanced rather than just simply negative against Bitcoin. Now E-Trade has already entered this space but it is more focussed on the retail side. What Fidelity will do is attract institutional investors like pensions, hedge funds and High Net Worth (HNW) clients. The other thing worth noting is that Fidelity will offer a Custodian service which again is another sign of them being ahead of the curve against its rivals and competitors.
  2. Two of the biggest brands in the world - Microsoft and Starbucks are going to work together by Starbucks using Microsoft's Blockchain Service to track Coffee. Now if Blockchain was a waste of time, overhyped and useless then why would both of these companies even bother? I include the article in relation to this below: Starbucks to Track Coffee Using Microsoft’s Blockchain Service https://www.coindesk.com/starbucks-to-track-coffee-using-microsofts-blockchain-service This is just another example of Blockchain gathering some serious traction and momentum with some big institutions getting involved. Once the big boys do then the rest of the smaller boys will follow.
  3. It is being reported that the Bitcoin price is being backed by a diamond breakout on the '4 Hour Chart'. I am not sure if this is bullish or bearish! Diamond breakouts tend to occur in relation to market tops unless my understanding is wrong which it could be. Maybe this is bullish short term but bearish thereafter.
  4. I just checked and Motif Bio is not available to Spread Bet right now and the market is not currently available to trade message is appearing. The minimum bet is £1.00 per point and the margin is unclear as the above message is getting in the way. So with a £1000.00 margin what is the £ per point? That is the key question and surely the whole point of margin trading using leverage is that the gains are far greater than acquiring the shares physically? What value is the position worth when you stake £1000? £10000, £20000, £50000? You need to know this and then only can you compare it with acquiring the shares worth that value.
  5. I mentioned the 'HALVING' for Bitcoin in a previous post in this thread and other threads and I can see others have picked up on this concept too. It is widely being reported in the media so one must be careful of course with 'Market Noise'. The key question is whether this event will cause the Bitcoin price to rise? The price action is certainly supporting this notion at the moment. When you look at the 20, 50 and 100 DMA then they are all sloping upwards and the current price is above all of these. It is also trading above its 200 DMA so there are strong reasons to go 'Long' on Bitcoin if anyone is not already long. The downside risks are the extreme volatility and the continuation of the longer term downtrend. This could be countered by historical patterns around 'halving' but the 'halving' does not offer any guarantee over future price behaviour. It does however very slightly tilt the odds and probability in your favour of a new upward trend forming prior to the 'halving' based on historical patterns around this concept. Another key consideration is the increase in volume which is supporting Bitcoin's price action. The price is trading above the 'Parabolic SAR' which is another positive and bullish indicator. When you apply 'Trend Lines' and then take into account any 'Support and Resistance' you will find a very positive and bullish argument for Bitcoin's price increasing. This does not necessarily mean it will continue increasing but all we can do as traders is make an informed trading decision based on our risk appetite, signals/indicators being used, trading style and trading strategy adopted.
  6. @JamesIG, Thanks for your prompt response.
  7. @JamesIG, Are you able to provide a list of U.K. domiciled US ETF’s available to trade on IG’s platform?
  8. What is interesting if reports are to be believed is that during this uptrend from Bitcoin the 'Short' positions are rising. If this is true then this is very bullish indeed. These shorts will have to be closed at some point which indicates rising prices from here. Also key support and resistance are being taken out by Bitcoin so again a bullish indicator. There is the risk that this could be a false rally but it really does not matter if one trades on current price action. There is nothing wrong with trading and profiting from a false rally in a downtrend as long as one accepts that is what it is or could be.
  9. Ether needs to really hit the psychological $200 level. The strength of any rally for Ether will be judged on whether it can stay above this $200 level or not. When you look at the 'daily' it seems Ether has bottomed and has completed a consolidation period. Obviously I cannot confirm this and time will correct me if I am wrong by the behaviour of the price.
  10. Bitcoin hit $5982.10 so it is getting very close to the psychological level of $6,000. Until Bitcoin surpasses the $6.6k to $7.3k levels there will still be many who agree that Bitcoin is in a longer term downtrend. We are now approaching a critical period for Bitcoin. So far it has done extremely well and there will be many traders who have profited from the longer term downtrend and the recent uptrend.
  11. A break below $9000 is on the cards unless there is some positive news or any positive drivers to support an increase in Orange Juice prices. Below $9000 seems inevitable based on the current strength of the trend and bearishness of the charts.
  12. I think the question right now is whether Fidelity Digital Assets in the next few weeks will begin acquiring Bitcoin and other Cryptocurrencies or whether it already has and is partly responsible for the recent price rises?
  13. @draa46, Anything is possible when it comes to Bitcoin and Cryptocurrencies. The only reason why it may not continue in its downtrend is the 'HALVING'. If you look at the historical patterns for Bitcoin around a year before 'Halving' takes place then you will see that there is high chance of upside from where we are. It will all be down to how much demand and risk appetite there is for Bitcoin to be acquired both in the physical / digital sense and through futures and derivatives. If there is high institutional demand then we could see Bitcoin come out of the downtrend.
  14. I have just found this which may explain the sharp increase in price for Ether out of the blue. Regulators Ready to Approve Ethereum Futures, CFTC Insider Says https://www.coindesk.com/cftc-would-approve-ether-futures-if-asked-insider-says
  15. It is 5:00 pm UK time and Ether has just shot up in price and hit $175.10 from out of now where. I include the Ether chart below. It really does seem to be under the radar but prices are rising. Ether is trading above its 20, 50, 100 and 200 DMA but there issue I have is that they are not sloping upward so the trend is not really strong yet. I think there is the potential for $180, $190 and $200 but it will depend on how Bitcoin performs and how Cryptocurrencies perform as if they begin to accelerate upwards in price then Ether will follow. If they crash downwards then Ether will follow. Ether does not seem to be leading on the race upwards or downwards at the moment. It seem to be in 'Following Mode'.
  16. @draa46, If you look at the 'Weekly' and the 'Monthly' charts then you will see that there could be further downside. As you can see from both charts the potential is there for further downward movement. If it keeps on making new lows then this is what a Trend Follower wants to see from a 'Short' trade. Ideal weather conditions in the state of Florida continues to accelerate harvest and if you add supplies that we haven't seen in several years so there could be more downside than one expects. The key will be demand / supply and right now along with the weather conditions. For those holding short positions I would recommend continuing to hold until there is a clear trend reversal to the 'Long' side.
  17. Platinum could be readying itself for a breakout and its chart certainly looks more bullish than Palladium, Gold and Silver.
  18. @draa46, Yes it is quite possible that the bottom may be in but none of us simply know. It could retest the $30k level or possibly break below it. Time and price action will tell us the answer going forward. Any rise in interest rates could pose a problem for Lumber prices increasing. With the US GDP Growth and unemployment figures giving the US Fed room to increase rates should such strong figures continue to be announced. The Lumber futures market is not known as a liquid market so for traders going both 'Long' and 'Short' remains full of high risk. In fact Lumber is most probably one of the most illiquid markets within Commodities. What we have seen is an all time high followed by a brutal correction. For anyone who is a value investor or even a long term value trader then there is an opportunity to go 'Long' on Lumber.
  19. Funds dig deeper into bearish CBOT bets as heavy stocks, trade war weigh https://uk.reuters.com/article/cbot-grains-braun/rpt-column-funds-dig-deeper-into-bearish-cbot-bets-as-heavy-stocks-trade-war-weigh-braun-idUKL2N22I042 Rainy planting prospects help corn, hurt soybean futures https://www.foodbusinessnews.net/articles/7-rainy-planting-prospects-help-corn-hurt-soybean-futures
  20. As you can see from the chart below that Soybean Meal has continued to decline albeit at a slower pace than on prior occasions during this longer term downtrend.
  21. There is a breakout for KR1 PLC (formerly known as Kryptonite1 PLC). http://www.nexexchange.com/member?securityid=2074455 As you can see from the link above this is supported by increase (spikes) in volume. https://www.stockopedia.com/share-prices/kr1-OFEX:KR1/
  22. Also continuing from my own previous post (above) XBT have also released XRP Exchange Traded Product (ETP). CRYPTO EXCHANGE TRADED PRODUCTS https://xbtprovider.com The US is very much behind when it comes to Exchange Traded Products for Cryptocurrencies. Scandinavian countries are showing the US how it is executed.
  23. @Invis, The amount of times this question has been raised is beyond ridiculous. Lots of other investors have raised this very same issue. At this moment in time you cannot set up a DRIP with IG. I would like to see investors conduct some research and if they require a DRIP facility to establish beforehand that the broker they are choosing offer this service and not make any assumptions. For example there are many brokers that do offer this service and therefore it is not difficult to establish which do and which do not. Spending time researching prior to making a decision on which broker to use would eliminate a lot of investors even having to ask this question. Choosing the right broker is also an important part of the investment / trading plan.
  24. This news was coming but the question was when? A very large institutional investor getting involved in this area and offering Cryptocurrencies to its clients. Fidelity Will Offer Cryptocurrency Trading Within a Few Weeks https://www.bloomberg.com/news/articles/2019-05-06/fidelity-said-to-offer-cryptocurrency-trading-within-a-few-weeks
  25. A lot of traders and investors avoid Bonds as they simply do not understand them or find them boring. One of the key concepts to remember in relation to really grasping the value in Bonds is the inverse relationship between price and yield. One must understand and try and appreciate how much a Bond's price may move when interest rates change. Trump is one of those US Presidents that is able to move markets through the news his 'Office' and himself directly release to the market. The latest which is the possibility of raising tariffs with China has seen US markets take a tumble and Bond markets rise. Now Trump may have no intention on raising tariffs with China (I do not know) but it is irrelevant as it is the news released to the market which then causes the subsequent price behaviour in certain asset classes.
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