Monfex is at your service and today we overview BTC/USD.
Bitcoin in the middle of the great flat zone from the end of September, locally - BTC also in a small flat range and by breakout the support(~ $ 8180) or resistance(~ $ 8470) levels of which we can define our nearest targets.
Globally - situation more bearish and the level of $ 7000 and...
Bitcoin (BTCUSD) did not move to 9k, which is obvious, it continues consolidating within a range...
Sideways Bitcoin = Altcoins Growth
My previous analysis on Bitcoin remains valid (you can see it below), we now proceed to take a look at the Altcoins growing more and more.
Bitcoin (XBTUSD) Moving Aries | $8.6 -$9k | Short-Term Full...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=135.85.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=135.45.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
GBPAUD still respects the boundaries of the rising channel .
on Friday pair has reached 1.87 level.
what is interesting about this level is that
first of all, it matches perfectly with the rising resistance of the channel and
secondly, we see that in the past this level was respected by the market.
EURUSD (4H) - short term bullish bias
Following the bullish MA cross on 3 October, the euro broke above the bearish trend line from the daily chart. This is a strong indication that selling pressures have eased off. As the RSI is falling back from the over-bought zone, we expect the pullback to continue today towards the area between the rising trend line and the...
BUY – GREGGS (GRG)
Greggs plc is a United Kingdom-based bakery food on-the-go retailer. The Company's products and services consist of a range of fresh bakery goods, sandwiches and drinks in its shop.
The success story of Greggs is quite remarkable with the shares rising significantly over a 5-year period. The baker recently delivered an ‘exceptional...
Vodafone ran into a solid confluence zone of resistance in Friday. It has since retraced over 5%. Today it fell over 2.3% and, crucially, it fell below the 1:1 trendline on the Fibonacci Fan shown. This is important because this trendline has acted as the greatest source of support throughout this uptrend. In addition, there has been a bearish divergence on the...
Monfex is at your service and today we overview Bitcoin Dominance.
Bitcoin's dominance has grown slightly over the past couple of days by bullish div on RSI, but we see that Altcoins on its support levels and on the domination chart BTC has come close to the resistance:
the resistance line of the descending channel
The German DAX has retraced into an interesting cluster of support which is worth being aware of. Recently, the market has risen into a consolidatory phase which produced a triple top. The third top was followed by a sharp retracement and that’s where the market stands at the time of writing.
The following Analysis Points (APs) will guide you through some of the...
The exchange rate has entered a correction phase. The correction was triggered by MA (100) levels. I expect the correction level to be 12410 usd. Turning from this level, I expect a further decline. The target price for the decline is 12257usd.
Another higher low forming on gold.
Got a nice rejection of the fib 0.786 retracement level and the broken bullish TL.
Looking for a lower lower to be made on this timeframe swell as the daily. Hence my target target profit of $1455/$1450
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...
I had flagged that the DJI and NASDAQ were in trouble some time ago. I told everybody to 'GET READY'. Some were hypnotised by POTUS's assertions that the American economy is doing "fantastically well". Yes he said so and I have the reference.
The data on ISM that triggered this plunge/correction was not brand new information at all. It's only because the ISM...
Lines are the most widely used figures in technical analysis, this is due to the linear trends that some securities posses (daily log SP500 for example), support and resistances are also responsible for the uses of lines, basically linear support and resistances are made with the assumption that the line connecting two local maximas or minimas will...
This is combo strategies for get a cumulative signal.
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow...
Super Trend is based on volatility and attempts to show the overall greater trend of a market. Thanks to everget for the idea of improving the Super Trend code. Thanks to kiasaki for ROC code.
The idea here is to enter a trade upon trend reversal (unless we have a white background - this indicates choppy/sideways market).
Follow the background color...
Fixed a typo in the code where BB multiplier was stuck at 1.5. Thanks @ucsgears for bringing it to my notice.
Updated source: pastebin.com
Use the updated source instead of the what TV shows below.
This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11).
Here is a nice simple day trade set up using my day trading strategy that I sometimes use. It relies on a few technical indicators and the ability to spot the current trend.
Trend = Bullish
Price = Above 50ema
Price Rejecting Daily Pivot Level
I cover the full set up and teach you how to spot these trade in my trading strategy guide that you can buy online now...
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...