I may be a dreamer. But am I the only one?
Bitcoin Bitstamp Update After the break higher Bitcoin has spent the night consolidating recent gains. It's a buy again once the dynamic from the overhight high has been broken above with stops below the 9224 line when the dynamic is broken above. Until then Bitcoin is still in consolidating mode and moving sideways to unwind using the 9175 line as support as...
BTCUSD Bitcoin Bitfinex Update: Next Trade Points from Here Finally a break - so quick it's over - justa quick 100 points. But these trades can happen so quickly because other traders have trigger levels and limits pre-set in the market - often on both sides - They hit and trigger or they don't. This has to break 7810-7800 range to add or open a new short...
The rocket will take off from here
Bitcoin BItfinex Weekend Trade Points From Here The low overnight was 7820 on Bitstamp, some 30 points away from target range. To add to the poor call the stop was lowered to 7917 and the high about 10 minutes later was 7922 - that 5 points was just enough to destroy the short for 80 or so points profit when it might have been more. It also prevented a potential...
Apple AAPL Another triangle another opportunity - a break of the lower dynamic should mean a fall back to 165 if not 155-150. Stops above the same dynamic when broken. Upside it has to break above the upper falling dynamic and then above 175 .10 line to trigger a long to 184 .
Bitcoin Overnight Bitcoin is still stuck within a larger continuation pattern it's been cranking out since the lows 24 hours ago. There's a useful dynamic underpinning the rally so far which has just been tested and held. Day traders are using it as the final stop/reversal short for longs by look of it. If long here it's not a bad idea to adopt the same...
ETHEREUM/DOLLAR: ETHUSD Next Trade Points from Here Three waves down and a bear flag/pennant sitting above a potential bull flag at the bottom of the run. The low was off the longer term dynamic support line too. Eth is trying to turn here but is depending on Bitcoin to help it break free of the downtrend from here. As things stand it's a speculative buy on...
Bitcoin BTCUSD Wednesday Update Bitcoin is beginning to make a habit of topping out between 21:00 and 01:00 and bottoming between 05:00 and 09:00 the next day (gmt). Last night we were still running a long and looking for 11906 on Bitfinex and 11867 on Bitstamp when Bitcoin topped out very unexectedly 11780 at 22:20 - doing so from no discernible level of...
NEO NEOUSD Pattern du Jour Neo is yet another chart making the same familiar pattern at the moment. Although it's already up 20 points since the break-out there's still 40 points or so to go to the upside target here at 181. Look to buy dips back towards 127 with stops under 124. Can add once the flag is broken to upside.
NETFLIX NFLX Testing the target range at 248-245 so closing this short out for 13 points or so profit. Only looking for next short here is the gap starts to give way and it breaks below 243 looking for a move back down to 227 at least and if this level fails to hold up back to 203 where will look to reverse long again if struck.
ETHEREUM ETHUSD In danger of forming a top and must hold 798-793 now to avoid falling back to 770 at least and maybe 750 and 715 - but so long as it can hold out and trade sideways off 798 it cannot be sold off. Maybe use a stop here and if hit put buy orders in lower down - that way maybe you get more Eth for your money.
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...
S&P 500 Index: SPX Same problem as as the Dow - risen to fill the gap and now retesting near term lows at 27330 - The first real support lies at 27130 and it looks likely it will be tested soon. Failure to hold here will signal further near term weakness back to 26687 and potentially, if this level fails, back to 26007
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...
GBPUSD Two Ways to Trade this pair right now Testing imprtant resistance from the upper parallel of the flag formation. Can be shorted with stops above the upper parallel for small loss if wrong and can also be shorted from lower down by using a break of he little speed line running under recent the lows as a trigger - looking to short on a retest of this...
Litecoin. LTCUSD Bitcoin's failure has washed over into all the Alts but Litecoin has not suffered as badly as others, so far...if that's to remain the case then support at 245 must continue to hold here during the course of today (stops for longs need to be only 3 points or so under here) for any failure to hold will tip Litecoin into the hands of the bears...
BTGUSD Still running within the same sets of rising parallels, BTG took 10 days to more than double from its lows. A laggard. It's still unwinding, making a similar continuation pattern to the one that has just preceeded it...it may try to rally one more time to 348/9 but once 321 gives way it should fall to 299-289 range, worth shorting. Whilst trapped within...