BTC has been looking quite strong for the past few days, breaking up into the 7k region and has continued up to the 7300 area where it faces some strong resistance.
As you can see on the daily chart there has been multiple pull backs to the 61.8 fib level after each impulse move. The 61.8 fib level for the most recent push lines up perfectly with the next daily...
Alot of trend work here.
with USD strength and brexit concerns we see GU selling.
Can see what appears to be a slight breakout and retest of the trendline its sitting on.
IPL: FY results out today, HEPS came in the middle of guidance. Dividend up, coming in at R7.10 so overall decent. Proposed unbundling has been approved by the board and will be concluded in Q4 2018.Share price is up 1.67% to R201.50 and think medium term is a buy opportunity. Will also benefit from any strength in the ZAR.
BHP Billiton: Results came out this...
EU Broke the support yesterday and went further down.
However its now starting to bounce off the trendline in the 4H time frame. If this bounces it will be significant so keep an eye on the chart.
TP1 - 1.147
If it breaks through the top then I will update with another TP
See comment for closer time frame.
EURUSD SHORT ANALYSIS
1D Chart:
*Seller breached significant structure on the 1D Chart
*Price held under structure at this level
4H Chart:
*4H chart had weak buyer re-test into structure
*Strong reaction from seller once it re-tested structure
*seller showing strong interest in this sell
1H Chart:
*precise entry and exit
*final re-test before entering...
GU looking to long here in the near future. nice down channel with opportunity.
Few levels that seem reliable, may even mirror the other side as show in chart.
Let us know what you think?
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...
FX_IDC:XAUUSD
Potential XAUUSD long set up. Both trend lines are beginning to squeeze. This began forming roughly 22 months ago. Long time i know. Once this breaks the triangle to the upside I believe it will fly. We also have the 800 EMA supporting us.
Bitcoin (Bitstamp) Update
Just flipping up and down inside the continuation pattern so far still.
What looks like 3 minor waves up so far - can be another one soon but still the pattern here is not worth trading unless
playing off the minor parallels for scalps right now. As before it has to break the 8468 line here for a rally to 8539
where there is quite a lot...
BTC after gradually moving up and testing the 10k level has had a pretty decent pullback and has found the long term overall up trend line and bounced. After retracing to between the 38.2 and 50% fibs it has now dropped quite sharply again.
I am hoping that it will create a higher low here and move back up to retest that short term down trend line and the next...
Got into powr last night as it was forming a symmetrical triangle with the trend line. Sure enough a breakout happened overnight but it did not quite reach my sell target. It has no retraced and touched the 50% on fibs. Hoping for a bounce here up to my take profit target of 6447.
After breaking out of the down trend recently, bitcoin has found a new trend line and started making its way back up. It has respected the new up trend line a few times and could potentially be forming wave 5 of an Elliot wave.
If we can get a close above 9400 then we should continue up to retest the next resistance at 9700 and hopefully move further up to...
The green trendline I've drawn extends all the way back through May 2017. It offers enormous support and will be tough to break. Once tagged you can expect a $5-10 bounce minimum. Easy quick cash for all interested in playing.
Peace and happy trades y'all!
Bitcoin Trade Points for Sunday Trades
Update: Bitfinex Feed 12:27gmt/07:27est
Bitcoin is really trying to break the downtrend here - a bear
engulfing green ...can buy or add once it's broken through to
upside if we see it.
It's tracking a narrow corridor/band of uncertainty right now,
trying to figure out he next move - cannot be trusted for sure
as a result...
FX:EURUSD
My weekly break down on EURUSD guys! I would not miss out on this one. Let me know which pair I should do next!!
I might do a BitCoin analysis for all my crypto fans. Follow me and stay tuned.
