About meRetired but active private investor. I used to provide technical analysis to many of the largest trading houses in London and figured I might as well share ideas on this excellent website. One of the best websites out there for traders. Glad I found it!
Bitcoin XBTUSD Next Trade Points
The break above the upper parallel at 3740 was a good one when it finally arrived, propelling Bitcoin to the first target range at 4018-4152 within a few minutes of the break. Volume was pretty good too.
Since then it's made a little flag before pushing higher still, triggering the next long shot from 4152 looking for further...
S&P 500 Index SPX
Following the next long trigger on the break above 2701, this index hasn't quite made it to the next upside target at 2747-2755 range after a high at 2744.
Close but no cigar.
As with the other indices this one is also overextended in near term.
And as with the Nasdaq, both indices have 2 lines of resistance sitting just above closing...
Hang Seng Futures HSI1!
Next Long Set-Up
This index made a neat exit of the upper parallel - followed by a pip perfect retest of the same line before reversing higher again to test the first line of resistance at 26764, failing just below here after an intraday high at 26694 on futures.
The 26770 level is looking increasingly significant. A break above here...
After making a double bottom off the 11265 line the Dax has pushed higher with the aid of US markets to test the first resistance line at 11414 after a high today at 11420.
There's a second line of resistance just above here at 11447.
Either look to buy the dip if we see it back to the lower smaller rising parallel supporting the rally - or...
Nasdaq 100 NAS100
After an early session fail at the neckline Nasdaq duly found the support it needed but it arrived just above the 6698 line and then shot higher as Powell rode in to the rescue.
It's since powered straight to the next target at 6902-6919 after a high at 6917.
Thank you Jerry. Thanks to him that IHS completed in a few minutes flat :)
Global Dow GDOW
Same thing here.
Testing resistance, in fact it's now sitting just a couple of points above the next line at 2930.
It's going to push back up to 3000-3003 sooner or later, just over 2% on this chart.
Look to buy SPX or any major market either on any retest of the rising dynamic if we get to see it- or on further strength above 2935 on this chart...
MSCI World Futures Index USD FMWO1!
An excellent day for bulls all over the world.
Now most markets are testing important resistance levels (Hang Seng, Sensex, SPX and Nasdaq)
and are vulnerable to fairly light profit taking in the very near term.
The MSCI World Index is also very close to resistance at 5873.
Has to break above here to confirm further strength...
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...
Bitcoin: BTCUSD Next Trade Points Saturday
Yesterday's price action has created another bear flag,
smaller in scale than the one sitting above it, but so far quite
simailar. It looks to be better defined than the last one which
hopefully will create a signal worth trading off when it
The overall pattern is still bearish so the break, when it
Bitcoin Futures BTC1! CME Near Date
The futures chart is showing some of the clearest trend lines
at moment so is worth a look. Price action yesterday has not
helped the bull cause.
The chart shows Bitcoin is still in a very precarious state.
Yesterday's fencing battle with thrusts upwards and spikes
down was by turns dreary and stultifying and mixed with...
Last Update 01:20gmt/20:20est
Bitcoin is continuing to grind higher, still contrained by the
parallel above it.It's double topping in the near term - has to
find buyers enough to push above the high at 11490 on
Coinbase feed but will likely still get rejected by the parallel
above it even it can push higher now - but grinding upwards
Bitcoin. Clock-Work 05:53 est
another 01:00 gmt low, another at 06:00gmt. And high at
10:00 - right on the upper parallel where longs who bought at
6am have closed out for 450 points - day's work done.
Now has to climb above the upper paralle and hold there on
retest once broken to turn back to bullish again from here.
Unlikely in very nearterm but it's...
If stopped out on the break below the first support at 11385 it
means a small win of a couple of hundred points overnight.
This is the reason we use stops. But Bitcoin is back in the buy
zone and looks good to buy again ay 10600 and down to 10500
on any dips from here with a stop below 10450
there is 5000 to 9000 points of upside potential and...
DXY Dollar Index
DXY has rallied from lowest blue line (just out in fact, but
close, considering how far it has fallen now) and rallied to the
next line pretty much spot-on. So it's now vulnerable again at
this point....it has to push up through this next line right here
at 89.42 and hold above here for the dollar to go up any more
and therefore for EUR and...
Bitcoin Bitstamp Feed
Still making a pretty consolidation pattern so far - we can
only really buy again now once the upper parallel has been
broken on upside - but day traders are risking buying these
lows and helping to prop it up here with stops just below for
small loss if they are wrong...if they are it triggers a reverse
short for them back to 10879...
USD V Bitcoin Old Money v New: FIAT v LAMBO Speed of Change
This is a fractal of a crypto move that we see almost every
day in cryto-land. They see it in olde worlde FIAT time every
few...years ! Seriously. But it's exactly the same kind of thing
we see every day in the growing universe of 12 or so top coins
that many of us trade daily.
This is a good...
EURUSD Trading the Bull Flag Formation
A small bull flag looks to be in the early stages of formation.
With DXY still under pressure and expected to fall away a
further 2.5% to 88 over the coming weeks EUR has further
upside in store. Can buy the dip back to the lower parallel of
the flag - if EUR is to remain very positive there will only be 2
strikes on the...