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...
ETHUSD
A fantastic run by ETH - was up 100% in 30 days. Correction
now needed: up nearly 150% in 31 days.
Could be running out of gas in near term though. Raise stops
on longs to 720 to trap most of run if it falls away to
consolidate from here
BTGUSD
After losing the dynamic support yesterday BTG fell away to
probe structure to its left and leaving pin bars of buying
intent at 240 but never quite struck the support at 235
before bouncing away again - creating a new dynamic support
line under the day's lows, like yesterday.
Still grinding higher but meeting quite heavy selling and
now pin bars of...
Litecoin Update
Well the buy point on the break of the parallel was OK but the
rally has been disappointing. Pin bars scattered around 92 and
under show interest but stops below 91 will have been hit
unless you delayed for the second buy point. Very annoying.
That pin bar showing off the high today is not good. Either
raise stops to 95 or can take profits...
Latest Update 21.30 GMT
We can by on a break of the dynamic holding back price off
the highs - stop below the line...hope for a good clean break
with enough powwer to break above the highs...if you go long
just be careful at the highs....great if we see green candles
beat it there...if it stutters and halts close down for small win
and go again if and when...
BITCOIN: BTCUSD
A fantastic day for bulls of Bitcoin has seen it rally back
towards the highs. No stops we hit on longs and after
problems gettting long here on Thursday and staying with it
before stops got hit. Friday was kinder, steadier. We are
many hundreds of points to the good here and need to protect
profits now...See those 3 fantastic continuation...
LTCUSD Litecoin Dollar
Still pushing higher but there is a danger here of loss of upside
momentum here without more buying power arriving soon.
Key near term support has been established at 89. Any fall
below 88 will likely mean a fall back to 82 at least.
Raise stops on any longs here to 88.
ETH USD
As per earlier warnings about this impulse wave being in its 4th and likely final pulse upwards,
profits should have been taken by now. Now it's a near term short on a retest of the parallel from below
Watch for the small green trend line around 7.67, to get broken. if that happens, you might get a possible Long opportunity all the way to the 9.15 Resistance. I like how this stock is on a recent uptrend above both the 21 and 50 EMA and It just recently crossed the 200 EMA. if we manage to stay above this 200 EMA, you might see a strong uptrend.
BRENT CRUDE: UKOIL Trading Strategy Ahead of Opec
Sweet Sweet Crude
Have closed out the long position finally as Brent touched the
upper parallel. It's the fourth strike and should come back
from here. Closed at 64.33 for 1833 pips profit on a trade that
carried 30 pips of risk from the outset, taking under 6 weeks
to achieve. Best win of year (apart from...
Pound seems to be regaining strength. Ascending trendline bounce off 1.30447 and retraced. currently resting on 38.2% Fib zone. 78.6% retrace (1.35233) then if we break ,1.36584 sellers tried to drive price down but failed. looking out for fundamentals to help drive price up.
8/18's candle closed above the 3 SMMA after closing below on 8/17. Therefore, I am expecting 8/21's candle to close above the 3 SMMA.
I will be looking for buy signals on the hour time frame that look similar the buy signal on the daily that you see here (candle close below 3 SMMA, then candle close above 3 SMMA).
This is a day trading technique and I will not...
8/18's candle closed above the 3 SMMA after closing below on 8/17. Therefore, I am expecting 8/21's candle to close above the 3 SMMA .
I will be looking for buy signals on the hour time frame that look similar the buy signal on the daily that you see here (candle close below 3 SMMA , then candle close above 3 SMMA ).
This is a day trading technique and I will...
