Buy-and-sell
XEM Price Targets and Stop LossXEM/USDT
Entry Range: $0.087 - 0.094
Price Target 1: $0.105
Price Target 2: $0.111
Price Target 3: $0.125
Stop Loss: $0.080
Chop Zone 10kIntroducing the Chop Zone 10k. This is an improved version of the Chop Zone 9000 and includes "RSI-like" lines but this is not RSI-- it's better than RSI. There are 5 lines and as the selling begins, 4 of the 5 split into positive and negative dualities, resulting in very hot "do not touch" look on the chart. If you do touch it while it's hot, you may get electrocuted! Real RSI at the bottom for comparison. This indicator would have gotten people out of the market as early as FEB 20th and back into the game on March 24th. I created this indicator to create trading as easy as possible. There are no special rules on how to use. It is also my belief that the tools made available to average traders are severely lacking because all of them require additional indicators to verify the signal. I am not sure if there is much else I can do with Chop Zone. This is pretty much as good as it gets.
NULS / Bitcoin | Buy and Sell StrategyPrice going in Sideways channel. We can follow up prices and buy near supports, which I will use as buy strategy
minor support 3900 (15% of position size)
major support 3500 (50% of position size)
Additive support levels at 3290 and 2970 (rest% of the position size)
Place stop loss orders exactly near supports to avoid loss.
For sell, I will follow resistance zones at
4700 (50% of position size) and 5100 (30% position size)
If more flow will come I will keep about 20% of initial position for next resistances at 6500 and 8100.
S&P 500 Index SPX Next Buy and Sell Points TodayS&P 500 Index SPX Next Buy and Sell Points Today
A poor call on this index yesterday led to the loss of some 12 -15 points as the buy point at 2627 was broken and the stop at
2614 triggered. It wiped out the 6 point win earlier but at least the 60 point win on the short on Moday and the next 60
points or so from the long on Tuesday means the point tally for the week is still positive, if a little depleted.
Yesterday's price action has driven the S&P to a new closing low, taking it back to fill the little gap that shows on this
chart at 2584. A 10% move from the top = 2585, the low yesterday was 2580. So long as this low holds out today on any
retest this corrrection remains a standard deviation - but the low at 2580 must stick now for the medium term trend to stay
positive from here - any fall below 2580 by more than 4 points will tip this index back into bear territory and force it lower
to 2543 (first short) and then if this level breaks to 2488 (second short).
On the upside, whilst stuck within the range and below 2619 it's not giving a strong enough signal to trigger a trade...it has
to break above here and hold there to trigger a rally to 2668 which should be worth following with stops just under 2600.
Alternatively can be bought at 2607 current levels with stops below 2600 and added to once 2619 is broken above.
This is higher risk but also higher reward. Others will prefer to wait for next signal to trigger before entering positions.
S&P 500 Index: SPX Next Buy and Sell Points TodayS&P 500 Index Update Next buy and Sell Points
Yesterday the S&P fell 5 points shy of the next target, busting
out the next long as support and stops just under the 2715
break line were hit and so turning a 12 point profit into a 2
or 3 point loss. Not so good.
It looks as if it will fall further now to retest 2669 and maybe
spike as low as 2661 level but should bounce from there at
lowest if it is to show stabilty today.
if wrong and this 2661 level fails to hold up later it will likely fall
away further to 2626-2600 range where it becomes a buy
again with stops below 2590.
So far this decline remains a standard correction or deviation
of 10% - 10% off the top = 2584, the low was 2592 - and it can
at worst fall 11% to 2555 but no lower if this is to remain a
'standard' correction. Should this level fail at any point this
week it will tip this index into serious bear territory - the
decline will then likely extend to 2584, then to 2545 and then
to 2488 where would look to buy once more if this kind of
price action unfolds from here. Don't think it will so far, but
we still need a plan B here, just in case.
Bitcoin: BTCUSD Next Buy and Sell Points todayBitcoin BTCUSD Update Next Buy and Sell Points
We left this overnight waiting for the 4th break lower to hopefully develop a double bottom to show loss of downside
momentum and looking for the rally to recommence from there. Interestingly - for some at least - the low was actually
also the tiniest of gaps which was created (green arrow) on exit of the last smaller continuation pattern from the night
before last - so small...but it got filled precisiely. So the tiniest of gaps was not 'forgotten' - Bitcoin came back and
painstakingly filled that gap, and then with the crack in the wall filled, it moved on up again. Where this kind of
behaviour is quite normal in a major market index like the Dow (which closes each day to create gaps) it is highly
unusual in Bitcoin (it never closes, so why should there ever be a gap?) But the gap is there, small but clearly. And
Bitcoin just had to fill it.
Since then it has rallied 800 points back to test 8332 resistance line and is once more consolidating. Price action is
quite subdued though - it did get bought in London again but not aggressively. So now it's coming back towards the dynamic
in a three or four-wave move most likely which can be bought again if not long again already on exit of the upper small
parallel for rally back to 8332-8350 and then, once passed, to 8550-8650 range. Bitcoin has to break above 8650 for the next
part of the rally to take shape and to follow for higher prices still ahead.
On the downside the dynamic running under the lows overnight must hold up to all challenges from here. Any
failure will be the first big hint today that upward momentum is waning here- not much buying intent so far...so this is not
not particularly strong yet, but also the decline overnight was not a collapse as it could have been - so it's pretty neutral
right now but still with an upward bias. However should the rising dynamic under price fail today at
any point look for the same type of pattern emerging as yesterday when it lost the parallel then...a rally back to
underside of the same line and then, eventually, failure. If we see this type of price action develop it can be shorted with
stops above the line. But until then we can look to buy this next next dip to the dynamic with stops under the line.
ETHEREUM: ETHUSD Next Buy and Sell Points TodayETHEREUM ETHUSD Update
So maybe you have 5% more ETH for your money than
yesterday...and if not ETH is back at the same levels again,
but this time challenging resistance from the underside of the
dynamic which until yesterday had been good support...so
we've seen this pattern countless times before...ETH is
vulnerable again here - must find buyers now to push above
848 and hold there for further near term strength today to
892 and then 990.
Nasdaq 100 Index: NAS100 Next Buy and Sell PointsNadaq 100 Index: NAS100 Next Buy and Sell Points
The last 3 declines on Nasadq were 339, 357 and 345 points.
This one is now 354 points, so far - par for the course.
Nasdaq is now flipping within the boundaries of the two fixed
lines of support at 6696 (spiking below here by 20
points to 6676) and resistance at 6786 (spiking above here by
19 points to 6807). It's therefore near term neutral whilst
within this range.
It has to fall below 6670 to trigger a short back to 6614. This
level must hold up throughout this week. Any failure here will
trigger a second short back to 6371 minimum and more likely
to the 6231-6192 range. On the upside a move and hold above
6810 is needed to trigger a long to 6876-6890 where will look
to close out if touched and then maybe reverse short with
stops above 6910.
So far this is a short, fast decline which matches the size of
the last 3 - but the shape of this one doesn't suggest
continuation as the others did. It's too sharp, suggesting it
may well have further downside to run. Breaking lower to
6614 will become the biggest decline for 2 years - and signal
that once broken the Nasdaq will test 6371 before it becomes
a buy again from here.
Bitcoin: BTCUSD Next Buy and Sell Points TodayBitcoin BTCUSD Next Buy and Sell Points Today
We left Bitcoin overnight to track the parallels lower to the
next downside target at 8300 on Coinbase chart. The low so
far is 8310. Close but no cigar.
Bitcoin is still under pressure whilst unable to break above the
dynamic which has clipped all rally attempts overnight -
cannot be bought unless it breaks above this dynamic and
regains 8610 and holds there - only if we see this price action
develop can we go long for 9093 and a test of the upper larger
parallel where will look to close and maybe reverse short
again at that point if touched.
But until we see that the selling pressure remains. It has to
hold now at 8300 or we have another poor day about to
unfold. Some day traders will buy here around 8310 but with
stops close under 8300 and ready to reverse for small loss if
wrong if 8300 is broken now. On the downside the next short
kicks in on a break below 8300 . There's minor support at 8150
which may create a little bounce but the next support any
significance below 8150 is at 7830 on Coinbase, then 7500 and
finally 5656.
A break below any of these levels by more than 30 points or
so should lead to a test of the next level