BTGUSD Next Buy Points Well it got to 304, not as quickly as anticipated, taking a whole 20 hours or so to reach the upper parallel/target for a 34 point win in a tricky market, 2 points hy of the target, but the hit on the parallel was so good I'm claiming this one as a victory, imperfectly perfect, is all. So the next buy point here is around current...
ETHUSD Neutral but underlying still strong whilst working inside the flag Won't quit. It's spent the last few hours consolidating gains by hammering out another flag. Two strikes on the lower parallel shows this is still 'hot'. A buy of the lower parallel but close out at the upper parallel if day trading. A break above the upper parallel can be followed for...
Bitcoin: BTCUSD Update into the Weekend:Scenarios The battle continues and finally the bears have made an impression on the upper parallel, pushing price down to 7800, where pin bars from earlier show some demand (not shown on chart, but significant to the very near term now). There is no winner yet, though. It can move sideways from here, meeting demand off the...
Bitcoin: BTCUSD Blow-Off Top Thar she blows. The first top has been sliced away pretty much now and she should try to rally from the trend line around 6360 now and potentially from this line of support here at 6425...so be careful now not to give profits away. This thing could rally all the way back to 6943 again and then smash off once more... It would be...
Bitcoin Update Don't want this to turn over here now before China opens but it could do without some buying power from 7460 level to hold it up and then propel it through to a new high. Want to protect gains by raising stop to just under 7450 on at least half the position, if not all, according to risk profile. Ideally it will trade sideways between high and...
BITCOIN: BTCUSD Remember the man in the white hat who chased Butch and Sundance all over the outlaw trail? Chasing Bitcoin is the same - damn difficult to catch...but it has to be done. So, very unusually, Bitcoin is actually negative right now: bears are seeing that the recent, super-steep uptrend/line of support has been broken now...it put up a fight at the...
Update from my last post. So far so good - Have a nice weekend guys!
OBSERVATION: Since September 2016 price has been ranging within a wedge. The 1D view is showing that price has closed below the bottom trendline and bounced back up to a resistance zone and closed below it. All EMAs are bearish and the 20 is about to cross over the 50. We could see the start of a downtrend so I will be entering short targeting first 131.650.
This pair is currently heading upwards, I will keep my eyes on this pair to see if it breaks outside of the channel. Feel free to comment! Follow my Instagram @yc_forex
There is a lot to unpack here. First, we see that this pennant pattern is soon to break to the upside. Next, we see that there is divergence occurring with the RSI indicator and the Price action. We would say go long here right around 0.7176 once this price action breaks these levels or resistance. Let us know what you think!
DXY: Dollar index and Bitcoin: The Dollar has closed for the weekend on its lows and below critical supports and will get hit again hard on Monday. It should fall a further 1.7% from here over the coming week or two. But there is one potential way to hedge this situation: it depends on Bitcoin breaking above 2460. If it does it should be worth following this...
DXY: Dollar Index The Dollar closed on its lows for the weekend and will likely be sold off heavily if not in Tokyo, in London come Monday. it should fall a further 1.7% from here. But there could still be an opportunity this weekend to hedge - it depends on Bitcoin breaking above 2460. If it does, it should be worth following. Please see Bitcoin comment also.
BITCOIN: BTCUSD Third time lucky? Three chances left to land this fish
BITCOIN BTCUSD Still grinding away towards this weekend's target at 2137-2140. Looks so strong now it's back in the main parallel
Bitcoin: resistance from daily down-trend at 1716 so am closing out long for a 32 pip gain. Enough fortoday. Hope you did Ok with this.
Our strategy has three simple steps which are: Step 1- Apply Indicators to Chart: *20 Period SMA *40 Period SMA *80 Period SMA Step 2- Identify the Trend. Price Action needs to break Moving Averages Step 3- Wait for entire candle to close outside of Moving averages + Pull Back in Price Action + Continuation of Trend **Broke below the...
EURUSD: The Euro should gap up on Monday and surge to 1.143. So 4 EU upside Vs I EU downside