March 20, 2019

Bitcoin Price Analysis: BTC/USD Remains Near $4,050 Price Level

Key Highlights:

The bulls are still in control of the Bitcoin market;
the Bulls currently have weak momentum;
the coin may find its resistance at $4,254 price level.

BTC/USD Medium-term Trend: Bullish

Resistance levels: $4,254, $4,692, $4,960
Support levels: $4,050, $3,903, $3,774BTC/USD is on the bullish trend on the Medium-term outlook. The crypto sustains its bullish trend on the 4-hour chart; as long as the bitcoin price is above the 21 periods EMA and the 50 period EMA. The Bulls are trying to make significant progress towards the resistance level of $4,254 but the bears’ pressure is opposing the move and that is why the BTC price remains a little distance above $4,050 level.

The 21 periods EMA remains above the 50 periods EMA, the two EMA are at a distance from each other which is a sign of a bullish trend. bitcoin price is consolidating above the two EMAs which indicate that the Bulls are still in control of the BTC market but with weak momentum. The stochastic Oscillator period 14 is above 60 levels and its signal lines pointing up to indicate buy signal.

Increase in the Bulls’ momentum will make the coin to rally towards the resistance level of $4,254as its target but lose in the Bull’s momentum may lead to further consolidation around $4,050 price level.

BTC/USD Short-term Trend: Ranging

The BTC/USD is on the ranging trend on the short-term outlook. After the Bulls broke up the $4,050 price level on March 16 and carried out a retest to the broken level, the Bulls’ momentum becomes weak and could not push up bitcoin price to reach the resistance level of $4,254 and this led to a ranging movement in the BTC market.

The two EMAs are close to each other and the BTC price is currently trading on the 21 periods and 50 periods EMAs which indicate that consolidation is ongoing currently which may continue for a while. The Stochastic Oscillator period 14 is above 60 levels with signal lines pointing up which indicates buy signal.

Published at Wed, 20 Mar 2019 16:42:22 +0000

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April 2, 2017

The EU Is One Big Fatal Flaw

zerohedge.com / by Tyler Durden / Apr 1, 2017 6:00 PM

Authored by Raul Ilargi Meijer via The Automatic Earth blog,

The true face of the EU is presently on display in Greece, not in Germany or Holland or France. Brussels must first fix what’s going wrong in Athens and the Aegean, and there’s a lot going wrong, before it can move on towards the future, indeed towards any future at all. It has a very tough job in Italy as well, which it’s trying hard to ignore.

You can’t say ‘things are fine in Germany’ or ‘Finland is recovering’ and leave it at that. Not when you’re part of a political -and to a large degree also economic- Union, let alone when you’re preaching tightening -and deepening- that Union. Not when parts of that Union are not only doing much worse than others, but are being thoroughly gutted. Then again, they’re being gutted by the very Union itself, so Brussels -and Berlin, The Hague, Paris- can’t very well feign surprise or deny responsibility.

Of course the European continent needs a ‘body’, some form of organization -and it needs it badly- that will allow its nations to cooperate, in 1000 different ways and fields, but the EU is not it. The EU is toxic. It is turning nations against each other as we speak. So much so that it’s crucial for these nations to leave the union and dismantle the entire operation before that happens, because there will be no opportunity left to do it once the toxicity takes over. The UK should count itself lucky for getting out while it did.

In its present setting, the EU has no future. And, more importantly, there is no mechanism available to change that setting. It should have been insisted on when the Union was founded, or in one of its various treaties after. This never happened, though, and that’s no coincidence, it was always about power. It’s therefore very hard -if not impossible- to see how the EU could be altered in such a way that it has a chance of survival.

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