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Boeing about to take a dive. BABearish Gartley 222 on Boeing. I especially like the fact that there is a high degree of symmetry on the horizontal access, and the pivots at 0.886 level Carney talked about in his Harmonic trading material. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NYSE:BAShort
by Rykin_Capital
2
BTCUSD Bitcoin Clean Chart - BS Free for those who prefer it.Bitcoin Bitmex Chart Update 26th July Same copy as last chart but without text all over it. If you prefer this way please hit the agree button and will change - if you prefer the text (for twitter mostly) please hit the other one. Feedback and alternative views are appreciated too ; ) Bitcoin was a buy on a break above the 8160 line yesterday (though by time comment went live it had already broken higher, sorry- busy day yesterday all round) It was also a buy if missed the first break on a return to the 8160 line overnight, with the low being 8163 since then. But the rally is a little lame so far up 100 or so points.. Can raise the stop to 8240 for now. It's effectively back in neutral, yet again in the very near term whilst trading within the range forming overnight and today bounded by support at the 8160 line and resistance at 8298-8320. Has to break above 8320 to return to positive for rally back to 8478-8576 range. Any break above 8600 at any point on rising volume would be extremely positive and can follow long again from that point looking for 8863 initially and then once broken above to 9367. Until then the best we can do is raise the stop as above or close out as close to the 8300 line for 140 points or so profit (if you were around to buy the dip overnight) and be ready to go again on a break above 8320 on rising volume. Returning to the downside potential from here: has to break below the first support line at 8163-8155 range to trigger a 100 point scalp back to 8053. The next support lies at 7944. It must hold up here at lowest on any retests for the uptrend to remain in tact from here.
BITMEX:XBT
by sumastardon
10
Bitcoin: BTCUSD Clean Chart BS freeBitcoin: BTCUSD Clean Chart BS free The raging beast that is Bitcoin just never quits. It's either positive and rising fast or negative and falling fast. It's hardly ever neutral though. What more could a trader pray for? Just so long as she keeps moving we can make big returns whichever way she moves next. Had to leave this at around 1.30 am GMT whilst still in full flow. We'd shorted from 15810 with a stop 60 above - the high was 15858 so it came damn close but was never struck. Some will have closed out on the first test of the big parallel at 14300 for a 1500 point profit, others still awake for the play-out will have closed out at first target at 14040 for 1750 profit and then shorted again on break below here by 25 points for the fall to the next target at 13086 for another 900 points of profit. Below here the next support line lay at 12717 which was struck, but it was imprecise and the eventual low of this run was actually 12565. Hopefully most have made at least 1500 points of profit in a few hours trading and some will have 2650 stacked away from the two big shorts set up in yesterday's comment. We aim to mine at least 1000 points per week from the Bitcoin mine (as middlemen, efffectively) and hopefully 2000 per week. That way we buy Bitcoin outright at current values roughly once every couple of months. So far, so good. Just so long as Bitcoin keeps moving we have a genuine chance of achieving this, too. Right now Bitcoin has made a near 2000 point counter-rally and has now fallen out of the parallels that have guided this rally and is vulnerable again. We know Bitcoin really likes to double bottom at the end of a real consolidation period and so rather than buy the rally (too late by far but notice how often there is a change in trend at 5am-7am GMT and often at 12.30am GMT as China opens for business) so will stay flat for now looking for a sell from higher up or if we miss it, a buy from lower down if we see a double bottom being created at 12718-12558 range later on. More as the move develops.
BITSTAMP:BTCUSD
by sumastardon
10
BITCOIN: BTCUSD Less BS more chartBITCOIN: BTCUSD Less BS version More Chart What will be giving cheer to bulls right now is that fact that it's holding up so well around 1735 and down to the next listed fixed support at 7077-7065... no one really wants to sell... it's coming up to a speccy buy here when it retests 7077 or alternatively consider putting a buy order in around the 7015 level (with a stop about 50 points lower, though) and there is quite a good chance it will get struck by look of chart. Those pin bars at 7005 and 7000 off the lower parallel look good for the bulls, showing quite agressive buying power down at this level, so if we do see another sell off below 7077 - 7065 near term support range that 7010-6095 range is the next area of interst for those looking to get long (with stops). Alternatively wait for 7270 to be beaten and look to buy on the next minor pull-back from there. So far the notional fixed support lines drawn on the chart yesterday have proved quite helpful, so remain unchanged for now. Can't rest now until Bitcoin has been tagged, bagged and in the freezer. More as this move develops, football permitting, obviously. And if 6950 happens to give way whilst the football is on, we need to stand back for a while - it should then come back quite a lot further still. But right now, Bitcoin is coming up to a buy point again on retests of the upper parallel. So long as it uses that parallel for support this monster cannot run away to the downside... Those already long might consider increasing positions on a move back above the near term overhead congestion zone at 7262. So much BS needed in effort to keep less experienced, newer traders from blowing their hands off - sorry - to experienced traders . Long story short: it's more risky to buy here but reward is a little greater. Counter intuitively, It is way less risky to buy once 7262 has been beaten...it should then move back up to 7500 quickly - the next big test - it has to then show enough power and momentum to push through - some traders will close out here just in case there's a double top about to form...the question is how many??? More than want to buy??? Unlikely, but possible - only once 7500 is broken can we claim that Bitcoin is finally bagged and in the freezer. Until then it can still bite your bollocks off. Good hunting, gentlemen.
BITSTAMP:BTCUSD
by sumastardon