NEOUSD Bitfinex Feed NEO is still positive whilst it holds up off the support lines underneath it and should rally to to 94/95 again soon. A buy between 84 and 82 with stops below 81.
09:20gmt 04:20est Saturday Buy Points and Updates If you went long again off the retest of the lower parallel it's held good overnight but has reached the underside of the neck-line of the small head and shoulders created yesterday and could have been closed out for 300 or so gain by now. If still long the nearest support is close by at 9077 so no point...
Facebook:FB Life And Times This chart shows Facebook from it's IPO to the present. In less than 6 years FB has risen from an all-time low just under 18 to an all-time high at 195. Once or twice per year it usually makes a rough 20-24% correction - but, as with so many stocks, has not corrected properly for over 18 months now, ever since the election...
Bitcoin BTCUSD Near Term Neutral but buy the Break higher when it comes... Overnight Bitcoin did eventually break down out of the continuation pattern it was tracking and began to fall away again. It came right back down to retest the lows again but it held up, creating another intermediate double bottom, showing loss of downside momentum and that it was safe to...
Bitcoin Monday Update Next Buy Points on Monday Those that ran a trailing stop 50 or so points under the little dynamic supporting the lows of the day yesterday will have been stopped out around 11500 for 400 or so points profit. 4% returns on a slow Sunday is not bad but it was a hard grind battling against the bots. Bitcoin has encountered upside problems...
Bitcoin BTCUSD Saturday Update/Buy Points After another 15 hour period of dreary consolidation lasting through the European session and right through the US session to the close Bitcoin finally bottomed right on the low point forecast for the day before the rally we spent all day waiting for finally kicked in. Patience was finally rewarded as Bitcoin began...
Latest Update 11:00est: Bitcoin is still positive and a near term buy on retests of the smaller dynamic underpinning the day's rally towards the blue support line at 9960-9940 with stops below 9900. Also raising the stop here to just under 9900 on current longs on Bitfinex to trap in 100 + points if it gets struck (day trading). The other choice for swing...
Bitcoin BTCUSD Next But Points for Sunday We got another attempted breakout around 17:00 est which was enough to trigger a long shot as Bitcoin moved above the central parallel (it was the upper line at this point in time) at around the 8380 level on Bitstamp. It then moved up to the test the first line of resistance at 8545 and a just above before it once...
Bitcoin BTCUSD Weekend Next Buy Points An excellent 1300 or 16% rally on Coinbase with an early break-out at 6.30 gmt at 7950 level yesterday (compared to Bitfinex) has taken Bitcoin to the 9061 line overnight before topping out 24 hours later (at 6.30gmt this morning) as profit takers moved in. The lower parallel was broken soon after at 8885 and all longs...
Bitcoin: BTCUSD Looking Up - Next Buy Points Today Having spent the overnight session in far East with no buyers or real interest Bitcoin drifted as a consequence. But the good news was it didn't crash ...that is a massive positive sign that whilst it was getting tired overnight, it wasn't getting rejected and sold off - just neglected more than rejected. Good...
S&P 500 Index - Update Next Buy Points A fantastic clean break gave an entry at 2635 and showing about a 60 point profit so far to add to the massive short on this index right down to the lows on Monday. So far this has been the most profitable week for shorts and then longs on the major indexes for over 2 years. We've had the easy part, now it gets a little...
Nasdaq 100 Index Update The minimum upside target at 6694 was met and the next, at '6787 at best before it falls away again' fell 12 points short with the high of the day at 6675. Since then Nasdaq has fallen away in a little continuation pattern that signals further upside in store. It's just exiting the pattern and can be bought again with stops below...
Bitcoin BTCUSD Sunday After breaking lower early on in London on Saturday morning Bitcoin fell to a low at 10800 on Bitfinex feed - was meant to fall to 10750 at least once the break came, so not too good. Even worse, no buy orders were placed anywhere near the lowest levels...on the upside Bitcoin had to break above 11230 to trigger the next long, looking for...
Bitcoin Weekend Update - Bitcoin and Klondike Compared - Next Buy Points After the selling climax reached post S Korean news Bitcoin, if it was to continue acting like text-book version of how a coin should move, was expected to rally back to the very start point of the rout and then consolidate. Overnight Bitcoin played by the book. Actually the high on...
Bitcoin Update The long from the retest of the lows at 12810 on Bitstamp chart has gone quite well overnight as far Eastern buying helped to drive price back up towards the start of the rout that began 24 hours earlier out of S Korea. We had a likely upside limit to his trade in the near term at yesterday's high point around 14200 for a rough 1300 point win but...
Bitcoin: BTCUSD The flag formation stayed good up to the point when the Far East session took over, with no further visits to the lower parallel - 2 strikes = 'hot' - and Bitcoin then duly broke higher as the flag had warned it would. But the rally only got as high as 13462, some 18 points shy of the target before falling away again. So was 22 points out on the...
Bitcoin. BTCUSD After spending an hour or so dancing between the two bigger parallels Bitcoin finally broke higher when China opened, and buyers drove it in a straight line 600 points higher in 15 minutes of frenetic buying, seen in the strong green candles on chart - and rising up through 4 blue lines of resistance before peaking and now falling back to where...