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Tuesday, 7 November 2017

Bitcoin analysis and trading plan for 07/11/2017

Trading plan for 07/11/2017:
 After quite an exciting Monday trading, the overnight Asian session passed in a quiet atmosphere. AUD found support for the RBA message and NZD did not suffer any revision of the RBNZ mandate. The work on tax law in the US is slow (but forward). Crude oil remains strong on hopes of OPEC and turmoil in Saudi Arabia. The stock market in Asia is pulling up improving the 10-year highs. Nikkei is up 1.7%, Hang Seng gains 1.3%. 
On Tuesday 7th of November, the event calendar is light in important data releases, but the market participants will keep an eye on Halifax House Price Index data from the UK and JOLTs Job Openings data from the US. There are some speeches scheduled as well and they will start from ECB President Mario Draghi, then FOMC Member Randal K. Quarles will give a speech, then BOC Governor Stephen Poloz will speak and the last one will be the speech of Federal Reserve Chairperson Janet Yellen.

Bitcoin analysis for 07/11/2017:
 One of the longest working members of the Bitcoin community, co-owner of and Bitcointalk, said that if 2x get enough support, opponents should gather to play the "broken" Bitcoin chain


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