ETHBTC This has been a good short through most of August, down 20%+ from the 542 break level to 426 now. There was a second chance to short again from the lower green arrow as it broke the continuation pattern at 46 which has yielded close to 10% this week. But it's making a little double bottom here and the near term downside target has been touched...
ADABTC Cardano/Bitcoin Testing support at 141 but still not looking to buy it. Waiting for a break below 141 to short again back to 124 initially and then 903 and finally 60-57. No coin is too low to sell if the pattern is strong enough to do so. Best case scenario for this one is a counter-rally back to the dynamic above it before it falls away again. If so...
BTCUSD Bitcoin - Next Trade Points from here Bitcoin broke lower overnight but stopped just a few points above the 6226 line on Bitfinex and then rallied back above the 6312 line, dancing either side of it for a couple of hours as it made a small bull pennant before surging back to retest the upper boundary of the triangle again. A Groundhog day. Price has now...
ETHUSD ETH has been a fabulous short all the way dwon from 399 in a succession of trades over the summer. Left this one looking for a bounce from 252 and by chance happened to write on it last at exactly this point. At least shorts were closed out there but really should have reversed long there too. Easy to say that now of course.... It's afe agin whilst it's...
NEOUSD Update and Next Trade Points It's been a week since the last scan across the top 20 or so coins. A lot has happened in 7/8 days. Remember that no coin is too low to sell and likelwise in a bull market no coin is too high to buy. Remember also that we play a game of probability. Some play momentum and volatility and some play hunches and mistaken beliefs....
GBPUSD Sterling has spent all of August in free-fall. After breaking below the support line at 1.3029 it's finished the week right on the next line of support at 1.2766 after a low on Friday at 1.2723 . It should counter-rally some more from here, potentially as high as 1.2928-1.2957 at best before it comes off again back to current levels at least. On the...
EURUSD EUR broke important support at the 1.15088 line on Friday and then collapsed in a near straight line towards the next line of support at 1.13679, after making a low 19 pips above here so far. All these lines on DXY and Gold and here too are weeks old and none of these charts have had to be updated or amended....showing how slooooow most markets are...
BTCUSD: Bitcoin Update 2nd August 09:54 Bst 05:54 Est Bitcoin made the double bottom at 7465 after a little spike lower to 7453 on low volume overnight before reversing higher again. It's still a little weird that it stopped where it did. It may be manipulation and maybe not. It's not easy to say for sure. But it was a little strange and means we need to stay...
Bitcoin Chart Updates XBT A slow weekend of range trading has given way to an equally slow start come Monday. It's held up well through Saturday and Sunday but here is still no intererst above the 8298 line as yet. Spikes of desire off the 8070 line and rejection spikes above of equal dimensions from the 8298 line show equal indecision here at these levels. Unless...
Bought some NXT stoploss below blue line.
S&P 500 SPX500USD Of the 3 charts followed for S&P 500 index, this one has been the most reliable recently. We were looking for S&P strength as the last but one of the Fangs report earnings with Amazon on 26th after hours. Google has helped overnight. After triple bottoming at the 2790 support line the S&P has rallied higher, making a little spike off the next...
Currently and in the next few days, if Bitcoin is not stabilized within the 8230 range, it's possible to touch 6800 in next days. Expected Resistance: 8000 8230 8450
Bitcoin Bitmex Update Not much has changed overnight. It was still a buy on tests of the 7355 line but only for scalps... If you bought on the second test of this level overnight raise the stop to 7438 for now. The spikes above price suggest it's still not wanted much above 7500 so far. The rest stays the same for now, a repeat of yesterday as nothing has changed...
Last post: June 10th. See chart . Review:Price was approaching the area of resistance. Update: Price has hit the resistance level but has since started to head down. Conclusion: We need to stand aside and be patient until price can break through the resistance level. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you...
BTCUSD: Bitcoin Trade Points From Here After a surprisingly active weekend of over 750 points profit (from 7579 before getting stopped out at 6825, stop was too close by about 45 points or so here, sorry) Bitcoin has moved back into neutral in the nearterm. On the Bitmex chart Bitcoin is now moving in a 200 point range bounded by near term resistance at 6860...
This stock is featuring for the first time on our TradingView blogs. Current setup: Price is above the 200 simple moving average and about to contest with the resistance level. Conclusion: We need to see price break through the first resistance level then the second resistance level before looking for long trades. Any comments or questions, do not hesitate to...
Saturday Update Take Profits/Next Long Set-Up Ripple has had a nice break since busting the neck-line and is now testing the first line of reisistance at .6493 It really needs Bitcoin to break above 7735 for it to power ahead from here to the next resistance line at 6921. Can take profits here and get ready to go long again once .65 is taken back by the bulls...
BTCUSD: Bitcoin: Next Trade Points Bitcoin was expected to fall back to 7301 before bouncing away again. In the event it fell to an intra-day low at 7273 before the bounce came. Not great. Since then it's made a high at 7599 and extended to touch the upper end of the same (less acute) parallels that have been running inside the noise of the last 4 days or...