douglasaa

douglasaa Updated 

SELL IT!

douglasaa

long

douglasaa

TP1 139.2 TP2 138.6

douglasaa Updated 

LTC tried to close below the EMA26 for two days in a row however got rejected and a tweezer bottom candlestick pattern formed, indicating a reversal of the short term bearish trend. It is has now closed above the EMA12 on the daily chart for two consecutive days in a row. This signals a continuation of the uptrend which coincides with the release of litepay....

douglasaa Updated 

BTC is currently sitting near 10k. If it breaks under 10k, this would validate the descending broadening wedge. Looking to short to 8.9k and then enter a long position to 11.2k Trade 1 - Short Entry - 9965.7 TP1 - 9603 TP2 - 9049.8 Stoploss - 10410 Trade 1 - Long Entry - 8963.7 TP1 - 9863.7 TP2 - 11129 Stoploss - 8285.5

douglasaa Updated 

Expecting a pullback to the EMA12 on the daily. Should be a fairly short trade. Reason for the trade is the formation of a pattern I have found very reliable over the last two months, that occurs on dumps. Two triangles, one finishing with a lower low and the next with a higher low than the last. It is accompanied by bullish divergence on the RSI. I am expecting a...

douglasaa Updated 

Trade validated if BCH manages to close above the EMA26 for the 2nd day in a row. A close above $1440 (17/02/18) is a bullish signal and in the past, a 2 day break and close above the EMA26 has usually been followed by a 25% run up. TARGET 1 - $1997 TARGET 2 - $2400 STOPLOSS - $1421 If the price closes below 1440, remain neutral.

douglasaa Updated 

Waiting to go long again from the 50% retracement of the move up (target price $197). 50% stoploss at $175 and 50% stoploss at $167. First TP is $268. Idea is invalidated if we have a break of $238 with a new volume spike and an hourly close above $238

douglasaa Updated 

A close above $155 (13/02/18) is a bullish sign as this would mean that we have closed above the EMA12 for two days in a row. This happened a few days ago however the price was pushed back down but not below $142, forming a double bottom. I believe that this signalled the reversal of the trend. This is further validated if BTC closes the day above 8700 (EMA12 for...

douglasaa Updated 

If it gets there. Bearish divergence forming on the higher timeframes, may see a bull trap before further downside. Will update with targets

douglasaa Updated 

I see evidence of distribution going on at current price levels

douglasaa Updated 

Back to the bottom for one last capitulation push. Shorting at 7.8k with take profit at 5.8-6k. Looking to go long after that

douglasaa Updated 

Should see a bounce from 5700-5900 to 7.8k

douglasaa Updated 

Reasoning: -Bearish divergence on the RSI. -Low volume, bulls were unable to break this resistance twice on higher volume. -Was unable to sustain the break above the top of the ascending triangle and price quickly crashed below 11400. -Overall bearish trend and strong resistance area. I am expecting the ascending triangle to break down and result in a retest of...

douglasaa Updated 

Bitcoin is currently in a rising wedge. Looking to close longs/short between 12500-13000 followed by another elliot wave cycle down to about 8.8-9.2k. A break above 13k could signal a break of the overall bearish trend and should be accompanied by an increase in volume for confirmation before buying.

douglasaa Updated 

GBPUSD SHORT POSSIBLE Leading up to the BoJ interest rate decision this month, the GBP rallied against the USD and the pair formed a top just above the level of $1.278 USD per pound sterling. This provides an opportunity for a reduced-risk shorting opportunity. The outlook on this pair is bearish as the dollar index (DXY) is in the progress of making a recovery...

douglasaa Updated 

Keep a very close eye on the UK political news over the next couple of weeks if you are looking to trade this pair. In the event of a tory leadership election to oust Theresa May, I have reason to believe that this would be short term bearish for the GBP due to the increased uncertainty. This happened last year during the post-Brexit Conservative party leadership...

douglasaa Updated 

Bullish pennant forming on GBPUSD. Strong resistance at 1.277, look for entries at around 1.278 and then set a trailing stop to break even. Initial SL @ 1.27400. If it breaks the resistance and holds, it should function as a strong support. TP could easily reach 1.28138 and above. Candle needs to close above the upper trendline for this setup to be valid. Happy Trading.