Why Trade Bitcoin Futures? Ask a Broker & 30 Year Treasury Bond Review

December 30 year treasury bonds have resumed their slide which has the chart approaching its low percentage fourth downside PriceCount objective. A completion of this count would suggest we have potentially satisfied this phase of the bear move. A trade below the May reactionary low would formally negate the remaining unmet counts.

The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.