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Cyrpto market cap downtrend resumed, clearly bear dominatesThe market cap of the whole crypto-asset topped out at the end of June 2019, reaching 370 billion dollars. However, in the coming month, market cap contracts significantly, steadily declining to 215 billion dollars for the moment. More interesting is that even the sharp rise at the end of October, when Bitcoin breaks out above benchmark 10,000 $, doesn't change the downtrend in market cap since the market cap doesn't make a high transcending the high of September. 100, 200 Moving average, which depicts the overall market trend, is in a clear downtrend. Look like 200 billion dollar market cap is an important threshold. We are still in a bear market, before any major steep drop, assuming the current trend will continue is the most tenable action for traders who are still active in the market.
CRYPTOCAP:TOTAL
by UnknownUnicorn3838311
NFLX hasn't make any decision on directionI have been trying to keep on bullish bias, but seems bearish keep coming back, and I don't think big money come yet.eithier for buying or selling. No clear direction at the moment. just a trading money since Monday. 7th was the excess high. then since 8th buyer keep trying at the lows. I am start thinking 285 will be reach this week. NFLX runs every opening with and very thin. very fragile. let see what happen on this Wednesday. if offers can't be lifted higher, I like to see 285 - 280 price this week.
NASDAQ:NFLX
by ruby_kinetix
$NFLX may not ready for big up move yetI bought $NFLX put at 290.50 after rejection 291 and out about 287 area, when tested morning low. price now is balancing at below 288 area. if trade below 287, may be go lower to 283-280 area. I have low confident to trade above 288 now. I can be wrong. I may just wait to see if NFLX want to make better clear direction. if today 287 hold as support, I just expect for closing middle for today. price too slow at 288-287 area for now. I expected price to meet 300 yesterday, but since today it turn lower then yesterday value area, I must wait for more aggressiveness to the upside.
NASDAQ:NFLX
by ruby_kinetix
Let see USDJPY - head or tail?As I mentioned on DYX , USDJPY also at an important key level now. If 108 hold, then I expect to see 110 - 111 area as 109 become a poor high. But trade below 108 we may see 105 area. Couple things in my mind, DXY may back to 99 area before make any decision. And JPY is the weakest pair among others. So I will try to build position on Bulls side at USDJPY. I will change my bias to Bears side when I see more liquidation and more new seller below 108 price level. Beside that, accumulation at daily chart will looks good if the we see aggressive buyers on USDJPY at 108 level.
Long
by ruby_kinetix
$USDJPY ‘s value is lower$USDJPY made excess high on 30th Oct, which indicate a liquidation. I am little bit late on this but to turn this pair to much deeper, we need to see new seller while USDollar Index is weakening. Otherwise the Pair will loose momentum for bearish move. $JPY is the weakest currency among the major forex pair, let see if there is more buying on JPY , which is sellers on USDJPY. Many retail traders jump on selling USDJPY without seeing the strength of the currency and don’t monitor the follow through. We can’t just trade base on the pattern only. We need to check any related instrument. If buyers of USDollar index come back aggressively, this pair turn very quickly.
Short
by ruby_kinetix
$DAX is the most bullish index Europe $DAX break 12800 level. This key level is very important. SInce EUROSTOXX and FTSE are still within the range, I need to see acceptance above this key level. then 13000 - 13200 will be next destination. The serious failure above this key level will make DAX index just looks too high and too expensive. The profit taking , liquidation and new money selling will make this bullish pattern become ugly. but for now, I will trade with the bulls.
OANDA:DE30EURLong
by ruby_kinetix
$GOLD need to make a change$Gold has been in balance range for 8 days, 1475 bottom - 1495 top is my small balance, and 1515 top for wider range. The value is in lower half of wide balance, but the buyer still aggressive from every low. i need to see a change above 1495 ; either an acceptance or rejection. This uncertainty kills the hope of medium time frame traders. But note that 1 October was a good excess low. This spring need to bring the price to move above 1515, otherwise that spring will be penetrated. all we can do right now is ping pong trading. News catalyst is need here.. let's wait.
OANDA:XAUUSD
by ruby_kinetix