Keeping my previous analysis, I still expect the bitcoin price to rise. Although this rise may be very modest. The target price is 11,000 usd. The analysis is based on a fractal strategy. My analysis is based on the fact that a second fractal of half size may develop in the exchange rate. I don't expect instantaneous movement in either direction.
Bitcoin Is Giving Out Bearish Signals | Can Go Lower!
In my last update for Bitcoin (BTCUSD) I mentioned "bearish tendency", because Bitcoin has been moving lower since it hit a peak on the 26-June, we can easily see lower highs being printed...
But since the 28-July, we are also seeing higher lows. This is all a period of consolidation but Bitcoin can still...
Action: Set limit buy orders between $212.89 and $205.55
Stop Loss: $198.99
Take Profit: $224
Order valid: 24 hours from publication
I believe that the price will not actually reach this zone and will now move upwards in wave 5, but If the price reaches this zone it is a great buying opportunity.
The next big opportunity will be to short all 5 waves for a large...
With GBPJPY pair now making a lower-low, that causes the market sentiment to shift to bear. Expecting bullish candle(s) towards the previous swing low in order to create a good entry to short the pair...
Risk: Long term trend is still bullish.
Using my Supply and Demand Trading Strategy, I have analysed GBP/JPY on the Daily chart and am looking to go short as soon as the market opens. I expect to go short from 134.114 to 127.110. Taking this trade will result in earning as much as 699+ Pips.
This rounding has been going on for a long time and I have posted this chart many times. The selling has dried up and I suspect accumulation has been occurring here for a huge period of time now. Today’s candle is particularly interesting in that we have closed at the first major hurdle. If we clear this level at 292 then we should move to 330 quickly and then my...
When assessing the viability of an investment it helps to understand what the story or catalyst is for your investment rationale. I have been looking at the opportunities that gaming is bringing to the table to smaller companies, because developers are the future picks and shovels of this industry. With more competition among the big platform providers and...
Since June ending, the blue trendline has been sustaining the dollar index rally - dollar index has been moving above it. In a couple of days, if the rally could not break above 99.14, then a breakdown of the dollar index is imminent. If it struggles to close above 99.14, the possibility of re-testing the trendline before eventually dipping is most likely to happen.
The S&P500 is showing signs of weakness in the current uptrend, and the formation of a long term tentative rising wedge (classically a bearish pattern) is indicative of a potential break down. Price action coming up to once again retest the resistance trend line, another rejection here would be detrimental and a retest of the supporting trend line would be likely....
Gold's attempt to break the swing low created in August seems difficult and for a couple of days, the metal has been lying on the trendline as if looking for the next order from either the bulls or the bears. At last gold obeyed the order from the bulls and now trending up. In order to keep the upward momentum, gold now needs to break 2 important levels on the...
Looking to set longs on a pull-back to support ($56.00) for a more sustained up move towards 2019 highs.
Descending triangle has broken higher
Double bottom formation has formed
Price action above Ichimoku cloud
Middle East tension on back of attacks on Saudi oil facilities - Iran being blamed
Expecting further build of tension and possible...
Quick update on GBP pairs.
It's rallied into some key resistance levels on my charts. This could potentially signify exhaustion and lead to speculative selling/profit-taking in the very short term.
Keep a watch on the formation of this daily candle, if it posts some kind of inverted hammer or outside day, then I may look to sell some GBP pairs next week in...
Silver has definitely take off - but yes it's early days. And that's where you wanna be - early in any bull (or bear) run. Gold surprised 'everybody' recently, and many including myself, were left with their jaws on the floor! Silver is so far looking like it's likely to follow gold. The trouble now for new entrants on Silver, is in finding the right spot,...
Center of Gravity OSCILLATOR by JOHN EHLERS
Converted the original code from his book "Cybernetic Analysis for Stocks and Futures"
This article describes a new oscillator that is unique because it is both smoothed
and has essentially zero lag. The smoothing enables clear identification of turning
points and the zero lag aspect enables action to be taken early in...
This is an example of a perfect day trade taken based on my day trading strategy.
- Multiple confluences and rules all confirmed
- Reward:Risk ratio is over 2:1
- Quick Profit
- Minimal Drawdown
You can find my day trading strategy on my blog or buy it from the amazon book store now. Links are below.
A quick overview of my current position on GBPUSD.
Looking at GBP on the whole, I think there is the possibility for more upside and continued momentum.
(Here is the code for the basket I use GBPAUD*GBPCAD*GBPCHF*GBPJPY*GBPNZD*GBPUSD*GBPEUR)
GBPUSD still looks good to me but it looks like we are about to see a consolidation/correction in the very short...