Bitcoin Trend 530 / Market Brief 286 / At Home

Time: 7.40 A.M. / GM+2 / 16th Mar, 2018 – Fri.

I left Sanador Hospital, I am at home but I still read with difficulty. I'm so grateful to all of you, for great support and helping me to keep going.

Bitcoin Trend Series / EP. 530 /:
In our previous post / 529 / we wrote about :

- Aggressive buying pattern is expected, when we hit the bottom 7.5 - 7.6K / Only that will confirm this was a bottom and that we are ready to go higher.

- The bull-bear cycle has been completed & market is in consolidation, so the price must hold above 7.362K.

And no change for now.
The next update will be after few hours.

Market Brief Series / EP. 286 /:

• The rise in FX volatility in 2017 differed from that seen in the previous two years to the extent that it had little to do with heightened uncertainty in the equity markets, but instead seemed to be connected to changing attitudes towards the dollar itself.

• US dollar rose Thursday, snapping a four-session streak of declines. Analysts said the dollar’s gains came as investors are analysing the potential impact of US tariffs on steel and aluminium. Rising tensions between the UK and its Western allies with Moscow over charges that Russia used a nerve agent on a former spy living in the UK also rattled investors.

• EUR/USD preference is short below 1.2345 with target at 1.2255. Alternatively, above 1.2345 look for further upside with 1.2385 as target. The immediate resistance is at 1.2290, above this level we are still range-bound.

• On the date slate there’s German Wholesale Price Index; Euro-Zone CPI; US Housing Starts; US Building permits; US Industrial Production; US Manufacturing Production; US Job Openings; US U. of Michigan Sentiment and Current Conditions and US Baker Hughes US Rig Count.