Market analysis and insights on Forex & Commodities!

After months of consolidation, Bitcoin has broken down from its triangle consolidation price pattern.

The interesting thing is that if you look carefully you will see both a symmetrical triangle (neutral) and a descending triangle (bearish), so overall the odds of it breaking down was higher than the odds of it breaking up.

The next support level is around the $6800-$7000 level, so we might see a small pullback, followed by more bearish movement downwards.

Yesterday, oil prices spiked after crude oil facilities located in Saudi Arabia was attacked by terrorists, shutting down up to 5% of global crude oil output.

This was a large 10-20% move in prices, and was an easy trade to ride on the trend and momentum.

 

There were 3 entry opportunities, 2 of which were flagged out in our “Daily Trading Signals”.

 

If you are inside our Free Telegram Channel, you would have seen that Crude Oil (WTIUSD) is currently on a weak bull trend, which means that we should be looking for opportunities to go long and ride on the uptrend.

 

For those subscribed to our premium “Daily Trading Signals”, the precise signal for entry came at 6.00am, when prices made a new 44-day high, and within 3 minutes had spiked to an 83-day high.

There are usually 5-10 trading signals a day, or even more, but the important thing is to trade consistently on the signals and manage your risk well, so that you can take advantage of all these opportunities.

Good luck, and trade well!

For all those living in Singapore, I have been invited to conduct a 🏆 SkillsFuture Singapore Approved 🏆 course which you can attend for free by using your $500 government subsidy.

This full-day course will be targeted for a Singapore audience, focusing on trading part-time to provide an additional source of income, and investing to build a long-term portfolio for financial independence.

Highly recommended for beginners who want to get started, and for intermediate and advanced traders who want to achieve consistency and take your results to the next level.

To find out more and receive updates, join our Telegram channel or mailing list:
👉🏻 https://synapsetrading.com/trading-guides

 

In this latest video series, watch as Spencer answers the top 20 most commonly-asked questions by new traders & investors!

For those just starting out, this will be a big help in avoiding a lot of “beginner pitfalls” which 90% of all traders get stuck at.

 

Here is the full list of Burning Questions:

  1. What is the difference between trading and investing?
  2. Do you believe in the buy-and-hold value investing approach?
  3. What is your long-term investment strategy?
  4. Trading is risky, shouldn’t I just buy stocks with good fundamentals?
  5. What is your trading strategy?
  6. What products should I trade? How many different products should I trade?
  7. What is the difference between TA (technical analysis) and FA (fundamental analysis)?
  8. Do you use fundamentals in your trading?
  9. What technical indicators do you use to trade?
  10. What type of charts do you use to trade, and what timeframe do you use? What is your holding period?
  11. How much capital do I need to start trading?
  12. How can I become more consistent in my trading results?
  13. How can I predict the price of a stock? How do I know when the price will turn and start going up/down?
  14. What is a good % return per year I should aim for? How much returns can I expect from trading?
  15. When should I trade? During the day, or the night? When is the best time to trade?
  16. How do you trade the news? What news should I look at and how can I profit from news?
  17. Is trading safe? Can I end up losing all my capital and more? How do you manage your risk?
  18. If everyone uses the same trading strategies (your strategies), will they stop working?
  19. What is the difference between trading for a fund and trading your own money?
  20. How can I get started on trading and investing? Any good resources?

Click here to download for free: http://bit.ly/2D9j6gk

Following up on our major trade call of the week, we have locked in US$2,966 of profits for the week on this one trade, and many of our hardworking forum members have also been doing their homework (15 minutes a day) and reaping the rewards from the markets.

If you are unsure where to start or are unable to achieve consistent profits, join our friendly community in this FREE forum and get started immediately!