B33tcoin

B33tcoin

With this very pronounced strengthening of the dollar, none of the commodities are immune to that, from wheat to palladium. One of the main standard to look for is how gold is reacting, and it is going through some pretty tough times. The question is, what about Bitcoin? ==> Does the money go back into the box and leave speculative investments like Bitcoin is?

B33tcoin

If you look at the weekly chart (right) you can spot a major support. Finding a good spot to short under a support can be risky because you are sometimes exposed to a fake breakout, then the market can revert drastically against you. In that case we waited for 1) the breakout 2) did not panic by excepting a pullback (which it did). You should keep that sentence...

B33tcoin

A question ? Leave it in a comment. PS: the chikoun span (aka lagging span) has been voluntarily hidden for a better and clean viewing. PSS: small error: at the right--> Tenkan and Kijun well oriented (DOWN) and not UP.

B33tcoin

In a couple or dozen hours we will most likely have a market decision. Symmetrical triangle are known for beeing generally continuation pattern after a sharp drop like this. Otherwise it's a consolidation... for a range/upward move. If we apply the AB=CD on that last move. We are eyeing a new low post december bubble burst ($320) who could be a strong support...

B33tcoin

Traders sometime forget to have a great helicopter view of the asset they're trading. In most of the case, trend is always switching step by step. "V" reversal are quite scarce, or if it is, it's generally on a short(er) time frame. * Arrows are trend indicators with color codes. * I also gave 3 scenarios possible from "best" to "worst" cases. Market is...

B33tcoin

Any savvy investor would have seen those 3 domains in play. For the ones who are out of the market this controled slippery has been a game of patience to find an new strategic position on the market. On one hand, technically, the conjunction of 2 supports, the low of the channel + 2751 support could be a good entry for a bounce. On the other hand, we are far...

B33tcoin

From bullish to neutral by a pattern. Price trapped between 1 gap up and 1 gap down like this is called an ISLAND REVERSAL. However that pattern is one of the most underperforming pattern (see : thepatternsite.com ) so don't draw conclusion too fast. Stock can still be very bullish. I'd carefully wait to fall below the daily EMA(65) before calling a bearish...

B33tcoin

Both technical and macro-economical analyzes (China stats underperform) are predicting a spike on that currency pair. Trader waited to finally have a good signal on which way the price will drive. It looks we had, as i tought last week, a nice busted pattern in the making (see: thepatternsite.com ). Busted patterns are more powerfull than a regular breakout as it...

B33tcoin

On your left: Long term trend is in a downtrend channel. Beginning of the year, a rebound appears but it seems now that this is close to be over. Last week candle closed below trend line. On your right: You can see that a pullback failed to get back in the Mid Term uptrend and things headed south again. Market opened in red again this monday making new lower...

B33tcoin

Silver is not a buy right now because I expect the EMA(65) to do a 4th lower low before turning short/mid term bullish. This is purely speculation, I just wanted to share this find.

B33tcoin

Plain visual analyze. Not much needed to say.

B33tcoin

UK took a big hit today with GBP opening gaps -1% over almost all currencies, due to Scotland independence surveys. The short is quite easy and the risk reward very good. * resistance unbroken * GBP in freefall * Instability due to Scotland * And cherry on the cake, we may have a Wolfe Waves Pattern playing there, with Target Price around 6400 (5% Gain).

B33tcoin

USDCAD is developing strong bullish conditions. Not only that this Wolfe Waves (WW) pattern if fueling this upward move, but also * the round low which keep the price over the channel median --> //!\\ The channel is buggy displayed; see the right one here: * the last 3 days hammer where buyers were present. * a possible inverted complexe head and shoulders ...

B33tcoin

I have been watching the Wolfe-Wave Pattern recently (thanks to 4xForecaster www.tradingview.com). It Looks like we have a nice setup on Palladium for a correction (or a reversal ?) by -7.5%. * Entry short in the "sweet spot zone" circled in red, named like this because it's under the top of the channel (green) and over the top of the wedge (blue). * Stop loss...

B33tcoin

Idea: go into the birth of a new uptrend. Analysis: CZK fell sharply for years, only to limit the fall and then move into a flat 2-year range. Then a new fundamental appears on November 2013, the Central Bank will ensure support CZK when it will approach 20 vs USD. (27 vs EUR) so there was a "rock bottom" at 20 that appears. As the HKD or CHF eg. That helped to...

B33tcoin

I'd be inclined to trade long to play the channel. What I like is the potential behind. But on the other hand, I'm bit worried about the hidden bearish divergence. Set tight stop loss if you go long.

B33tcoin

Consolidate any pullback, this 3 year breakout should be a good long term position to new highs. Potential is 32% and more, set your stop loss according to. Get an eye on the RSI (1M), any value over 63 will be a good confirmation for a rally building up.

B33tcoin

Wanted to share my last 2 successful trades with ichimoku read on 1H TF. A) Long 493 to 530/519 (+6.4%) B) Short 519 to 516 (stop loss 0) or 470~ (+9% potential) Today's question is right now: bounce for higher continuing the short term bull trend. or pullback for lower as a consolidation or bet gack to bearish downtrend. Follow me on @beetcoin (Twitter...