BTCUSD: Bitcoin Friday Update and Trade Points Bitcoin was expected to push higher during a long, slow but overall positive day yesterday - it was certainly long and slow but it didn't push much higher though. Once it broke below 7480 it was meant to fall to 7401 at lowest before bouncing away again to the upside. In the event the subsequent low fell at 7415...
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...
Currently in a rising wedge pattern. No trade zone for me until confirmation of a breakout upwards or leg down. looking more bearish than bullish to me. Bullish divergence on the 4hr rsi was broken and we continue to trend below it. a nice green candle above the high of 7560 will invalidate my bearish call and possibly proceed past 7600 if we breakout with enough volume.
XLM has now broken out of its short term downtrend and has made its way back up above the overall uptrend and a 4 hr resistance. Currently retesting that support if it holds here we could see it continue up to retest a higher daily support and eventually the top of the mid term downtrend. Looking for a bullish engulfing candle off the support here for...
Monero testing 7 day (short-term) RSI undervalued. This line (20) hasn't been broken since November 2017 and current chart patterns look quite similar to the long decline that occured before November 2017 as well. Briefly tested in April but very quickly bounced back, it has tested this line 3 times in recent days and may break through but will very likely bounce...
Entry: 7800 Target: 6900 Stop: 8100 - Great Risk Reward - Hidden Divergence Forming - Stochastics turning down - RSI bounces off from the 60 level - Continuation of the downtrend
I am holding a long term long position, as mention on the chart, the elliott impulse wave has been completed 1-5, now on to the Elliott corrective wave A,B,C ill keep you guys posted with how the trade progresses. My entry point: 1.53931
Steap move up and with 1 hour left until the US stock market opens it's quite likely to see a break to the up or downside now. Break above 710, target towards 830. Break below 600, target towards 500
Break of the 7720 level can get us in the trade. Target area should be somewhere in the fib zone, difficulty with this setup is that the resistance is a quite wide zone as this is our target. Setup is off the table when it breaks below 7690.
XEM finding itself like many other coins at the moment pushed into a corner. XEM seems to have formed a double or even triple bottom. It has not yet broken out of its downtrend so entering now is a bit higher risk. Ideally wait for the break in trend and retest to enter. I'm taking a risk and entering now with a tight stop loss.
GBPUSD Sterling is unwinding its oversold condition by flipping within a near term range bordered by resistance at 1.3614 and support at 1.3462-1.3455. A break below 1.3450 will trigger the next short down to 1.3301. And on the upside a break above 1.3615 is required to arrest the downtrend and to start flipping more short stops for a 100 pip rally to 1.3715.
GBPUSD Update 31st May Month End Streling has fallen to the downside target at 1.3301 after a low at the old 1.3219 support line for a 150 pip or so profit. Eventually it should fall away further to the next support line at 1.3029 but in the near term the counter-rally is already pushing the upper dynamic at 1.3345. It should stop here really looking at this...
VIB has double bottomed and broken out of its downtrend. I've got a buy order set looking for the retest of the bottom support. Hopefully BTC behaves and we see a good push up from here.
AAPL nice long formation.
11:34 Gmt 06:34 Est Bitcoin Coinbase Update OK. So a little a break higher to bust out bear stops around 7166 - stop hunters and bots! But at least a little continuation pattern looks to be forming now giving us break points either side of the smallest parallels . Only gets interesting again once we see a break either up or down - which we can follow with...
WTI Crud oil Long Trade As we know that WTI Crud oil has a strong buy trend. After Pul back WTI Crud oil formed an inside bar signal on support level. so we can buy WTI Crud oil on 67.50 Level with stop loss of 65.60 with the target of 70.50 now.
31st May FTSE 100 Index Update UK100 FTSE bounced away nicely off the support zone at 7600-7580 and really we should have reversed back long off 7600 with stops below 7580. My bad here. But it's beginning to struggle and if you were slick enough to reverse long again without prompting the long stop needs raising to just under 7680 here. Any failure to hold...
Hello Friends, We all know that BTC has major support on 7000-7200. This support has been rejected twice since 2017. I personally open a long from 7100 and has plan to close it above on 7650. As per Elliot wave count there should be a correction wave ABC.