Bitcoin Update 24th July 09:42 Bst 04:42 Est The break higher duly came at the rather strange hour of 05:00 Bst and midnight Est. Volume has been quite high though not spectacular. Not much follow through in London though. It's the first time Bitcoin has made such a small surge following a break-out higher and it hasn't reached any clear resistance level...
hoosier craw daddy says that this may be a bull trap coming in the next couple months. we are at the peak of second stage bull market cycle, but price will revert back to mean. usually third quarter gets more mean reversions. no idea what arbitrage will bring, but watching. just identify cycle, decide best sectors, strategize
So here we are almost near the end of consensus 2018, and the situation is looking rather grim from my perspective. We've now had a run-up to 10k and denied, hit 9500 and denied, hit 9k and denied - now we're at 9200ish at the point of writing this and I cannot see a situation in which any of this is bullish. The market has taken multiple sustained hits and hasn't...
Be Aware Of THIS Scenario Should we actually break down, which is very possible, then do not panic! I see that in people who act emotionally, again and again. You are selling, Bitcoin is actually going down $400-300 and you are thinking that it will fall more. After a few hours you will see that the price is back above your selling price and that's how the...
Apple AAPL It took 18 months for Apple to double from the low at 91.5 to a highs at 180-183 before a 16% decine to 150 (WD Gann would have loved this stock as much as GE, probably;) Like FB, Apple has closed out the week sitting on top of the structure to its left. And in classical fashion, if the 165-164 levels fail to hold from here it's then likely Apple...
Coinbase Update Ripped through the lower parallel of the flag on Coinbase - now trapped in smaller parallels and finding scant support off the lower line - now an attempt for 9900-9917 line which was the last line of neartterm support here on Coinbase and 'limit-down' those with long memories back to last night may remember. This is more dying of dis-interest than...
please note: this is not a complete trading idea. This analysis is entirely based off historical data. Many of us know that Bitcoin has seen several major correction throughout its lifespan. The last major correction took place back in late 2013, which resulted in a 90% correction from the top. The chart above shows the percentages and ratios I collected from...
Bitcoin Bitfinex Chart Update 10:37gmt/05:37est Still Positive - Buy the Current Dip The big rising dynamic on Bitfinex was the best/most reliable of the 3 feeds we cover overnight and the early morning 7am gmt break out of the consolidation pattern was very precise and right down at the lower levels...so this is still giving good signals and will therefore be...
Gold and the Dollar XAUUSD and DXY The dollar's decline is close to finishing. Likely to be one two spots outlined below - so this is likely also to be a big week for gold, oil, and across US pairs too. Look for buy set-ups on dollar pairs and sell set-ups on gold, silver, copper and oil... As DXY tries to climb and hold above a little dynamic that underpins...
Gold Dollar XAUUSD and DXY The dollar's decline is close to finishing. Likely to be one two spots outlined below - so this is likely also to be a big week for gold, oil, and across US pairs too. Look for buy set-ups on dollar pairs and sell set-ups on gold, silver, copper and oil... As DXY tries to climb and hold above a little dynamic that underpins price...
Bitcoin BTCUSD Bitcoin rallied to meet the previous peak prior to news of the lastest hack on Thursday night, precisely on Bitfinex chart, before falling away again. Right now it's neutral as we await the next trading signal to trigger as Bitoin moves towards the apex of the triangle and hopefully reveals its hand so we can trade off that signal when it...
MYM Neutraceuticals making a bullish consolidation at 2.7 levels and is looking for the next big move. Notice increase volume at the bottom in an uptrend. Looking to break this resistance at 2.9. If it Gaps up and breaks pennant increased volume it could reach new all time highs.
Looks great & in obvious accumulation zone. Undervalued Chinese gem ;)
BCHUSD Two Way Bet this Weekend BCH hangs in the balance this weekend, and will flip as Bitcoin flips - it's caught within a near term range and setting itself up for the next trade from here... Cannot short unless/until 2241 gives way in which case it's a short to 2068 and close out there (unless market is fast and there are big reds showing up and it...
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...