August 8 (Fri): [Bollinger Bands] Nikkei 225 vs Bitcoin
[Notice]
From 7/23 to 8/11 I will be visiting my parents' home and attending my son's baseball camp.
On weekdays, newsletters will continue as before, but please understand that replying to emails and other contacts may take some time. m(_ _"m)
This time
'Bitcoin'
will be compared.
[Overall Scenario Probability]
This week's overall market is…
“Rise: 45% / Fall: 55%”
*U.S. indices are directionless and unstable.
*Presented as a reference level.
[This Week's Market Highlights]
This week Bitcoin and the Nikkei 225 show signs of upward momentum at different timings. Bitcoin is in a continuing Trend Channel on both the monthly and weekly charts, and the daily chart is focused on moving toward +2σ.
On the other hand, the Nikkei 225 faces a strong resistance band at +2σ on the monthly chart, making a reversal and decline scenario more likely, but on the weekly chart, rising moving averages are supporting it, making a large drop unlikely. Whether the price surpasses the July 24 high will likely be the watershed for whether the trend continues or reverses.
The four major U.S. indices are currently in a squeeze, which could precede increased volatility, so close attention to price action at key levels is important this week.
➥The continuation is explained in detail in the members-only report.
If you are not registered yet, please join from here ↓
● Use “The Deconstruction of the Bollinger Band” to analyze daily charts
https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside
● Use “The Harmony Prescription” to draw a “Chart should stop at the point where it should stop” ZoneZone!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside
（Note: The following content is for members only.）
