Another
BTCUSD Bitcoin Another Potential IHS in formationBTCUSD Bitcoin Another Potential Inverse Head and Shoulders in Formation
Bitcoin has held up well overnight and is now making a lazy attempt to grind higher and potentially to complete an inverse H&S with a minimum upside target at 7400 - but the biggest test will come at the neck-line at 6615 on this feed.
It has to break above here on rising volume to trigger.
Would rather buy dips again at this point and see how it reacts at the neck line if touched later.
If it can make it to the neck-line and volume stays low it will more than likely reverse lower again from there...at least at first.
The last big IHS to left of chart was a massive fail to begin with on the first test of the neckine - it went on to make a deep right shoulder but still completed to the upside in the end if you remember.
The last little H&S yesterday was very true too (within 1 point anyway).
But the IHS before the one shown at left of the chart was a failure.
They are roughly 60%/40% successful in my experience (at least the ones mentioned here anyway)
Time will tell, as always.
Sorry for not updating much on Tv over the summer. However there are regular updates available for day-traders via links at top-left of main page.
RTRX new highslooks like RTRX is holding onto new highs! Another day another dollar! gains are being made on a daily!!! basis
SENSEX Index Another Topping Formation DevelopingSENSEX INDEX India
This is another index that looks like it's topping out for the summer.
The great bull campaign from the 2009 low at 8075 to a high at
36370 over 9 years is in its final stages. Echoes of the Dax here.
A break below 34291 will trigger a short opportunity here back to
32516 where it should attempt to bounce - but it won't get far
when it does. And once it breaks below here it should start to
fall away in stages to 31096 then 29169 where it should
bounce harder.
If at any point over the summer 29169 gives way to bears it
should fall harder still 25772 and when that breaks to 22577.
A series of potential short opportunities here all summer long. Be lucky.
EURUSD Another Counter-Rally prior to decline to 1.1915 TargetEURUSD: Another Counter-Rally prior to decline to 1.1915 Target
Having made the counter-rally back to the upper parallel EUR has continued its expected down-trend. It's now touching the next support line at 1.2027 and likley to make another small counter rally to 1.2067 and at highest to 1.2094 before it falls away again to the 1.1915 downside target towards mid May.
BTGUSD Reverse Head and Shoulders with minimum upside to 189BTGUSD
Yet another, smaller reverse head and shoulders pattern with
a minimum upside target at 189. Look to buy dips back to the
dynamic support line running under price with stops below the
same line and run to 188.
AUDUSD | Another Technical view | Bulls fighting for freedom!AUDUSD | Another Technical view | Bulls fighting for freedom!
Hello guys again!
Here is my technical analyse and price prediction about AUD/USD.
If you are looking for a Buy, you can check & get some information where is the best point for an open position.
Bitcoin: BTCUSD Just a another Manic Sunday/Next buy pointBitcoin: BTCUSD Wave and Price just keeps Growing
Life and Times: Just Another Manic Sunday - Bear Witness to the Fastest Market in History - Bar none.
Next Buy Point for last 500
Update/positions: Yesterday we got stopped out at 10900 for a 900 point win from 10008 and were looking to re-enter from
10638 in a perfect set-up - it was close but no cigar with the subsequent low being 20 points higher. See how it made that
base under the highs? Hardly bearish was it? If it was bearish it just would not have behaved like that. Remember this
behaviour! You're going to see a lot of it in this environment on other Alts at different points ...see how it behaves under
old highs: does it recoil hard, big red candles of rejection or it lazy, almost disinterested? Long term holders don't give a hoot
for whether price is 12 or 13 or 9 or 21. it's just a number. They ain't selling. No supply. Lots of demand, and - as humans
are wont to do - we are somehow much happier paying 11.5 now than 9.5 just 48 hours ago. Humans! Are we not, like
Bitcoin itself, a piece of work to behold ?
Traders' Update
Look at this wave now. It's tidal, tsunamic in size. It grows as fast as Alien and moves 100 times quicker.
If day trading, or holding long again from 10650 ish lows of later yesterday prepare to take profits as the upper parallel is
tested, spiking up into the top-most parallel at best before falling away again... looks likely to come back to 11385 at
some point and potentially to 11070 - note the two little pins at the top - a tiny tiny fractal flag is forming by the look of
things before the next surge to the upper parallel. it looks like it will consolidate close to the highs and at worst
dip to 11500 and perhaps spike to 11385 at lowest before it rallies again to hit the upper parallels. Next buy/add point if
we don't fall away further from here comes on the break of the tiny dynamic coming off the highs. But close out again at
the parallel for 400 to 550 gains. If we see this challenge above 12000 and into 12150 range it is possible that we then
see a large collapse start from there ...doesn't have to happen, but would be 'normal' behaviour in any other 'stock'.
The problem is Bitcoin is hardly 'normal'. Supports shown on the chart are the most likely spots to expect support to step
in later on today/tomorrow.
* Sorry once again: was banned for 24 hours for posting a text wall to chat room. Bad bad bad
Brent Crude Oil: UKOIL another 500 pips upsideBRENT CRUDE OIL UKOIL Stuff and Nonsene
Brent is expected to move up to 68.06-69.47 range over the
coming couple of weeks where it becomes a sell again with
stop above 70.00.
Buy dips to the lower parallel if seen at any point during this
rally, looking to sell again when the upper parallel meets
price in the 68-69.47 range in a couple of weeks' time.
WTI and Brent are set to surprise to the upside. Initial support
now established at 61.00. Whilst above here Brent remains
positive in medium term.
EURUSD 2nd approach on a short tradeHere's the first technical analysis .
I'm already running short on EURUSD ( +profits! ) so this chart is yet another analysis.
Because i enjoy doing so
As you can see, there's a nice harmonics pattern which copes with fibonacci levels.
I believe that this fall keeps going down a little more.
I would be pleased to hear your reviews.
Regards
EUR/USD CrabCrab with 2.24AB=CD (the 1.618 is way far behind to be at any importance) , 3.14BC projection and 1.618XA extension in the PRZ. SL @ 1.07. The RiskReward ratio is good standing at around 3.7. Since the RSI show such an oversold state I would personally execute the trade right after it touches the D point. Another important thing. Since the high volatility this friday we might have a huge gap which might invalidate the pattern but we will see how it plays out.
That's all, folks.