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BUY-POINT

NEOUSD: Still Positive - Next Buy Point ApproachingNEOUSD Still Positive - Next Buy Point Approaching The minimum upside target created by the RHS is 173 but it's taking its time to get there. Looks to be in process of completing another continuation pattern before firing higher again soon. Once it passes 128 and holds there it should advance to 148/150 where the upper dynamic will most likely reject it again on the next touch. But WD Gann tells us that 4 touches should be the maximum and on the 5th attempt it should push through the dynamic and complete to the target at 169-173 range. Can therefore split trade into two parts, from 128 to 148-150 and then from 151 to to 169-173 - or can buy and hold depending on trading profile. Support lies at 121.5 and whilst above here Neo is positive. Stops for longs just under 120.
BITFINEX:NEOUSDLong
by sumastardon
1
Bitcoin BTCUSD Next BUY PointBitcoin 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 with stops above the break line by 50 points or so points. Otherwise we wait for the break higher, and successful retest, as above comments. So far today we have traded about 500 points of longs if you follow the 'other' feed, (top of page for details) - but am hoping to keep this page regularly updated from now on too. Stay lucky.
BITSTAMP:BTCUSDLong
by sumastardon
Ripple: XRPUSD Ripple Effect - next buy pointsRipple XRPUSD Ripple continues to avoid the worst of the fall-out across most other Alts - still riding high. It's consolidating recent gains having doubled from 124 to 248, after near doubling again before that from 64. It's making a U shaped top formation and now struggling to bust above the old support line which has become resistance to the upside - and now the range is beginning to narrow. It has some more unwinding to do yet but can be bought on dips, though would really only look to day trade it for now though as this U -shape pattern has some way to play out yet - the range between 212 and 197 and dips to 185 could prove profitable in nearterm. Others looking to buy this rising star can place orders at 197 and even 186 which should get struck if patient enough.
KRAKEN:XRPUSDLong
by sumastardon
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
BITSTAMP:BTCUSDLong
by sumastardon
21
ETHUSD Next Buy Point: Flag Formation - againETHUSD Neutral but underlying still strong whilst working inside the flag Won't quit. It's spent the last few hours consolidating gains by hammering out another flag. Two strikes on the lower parallel shows this is still 'hot'. A buy of the lower parallel but close out at the upper parallel if day trading. A break above the upper parallel can be followed for next momentum break but be careful ...very whippy! (see last break of the last flag). IF at any point ETH loses the lower parallel of the flag it will start to unravel for a while. Don't buy rallies if this happens. Need to stand back awhile at that point if it happens. This shouldn't really revisit the lower parallel if it's to remain 'hot' from here
BITTREX:ETHUSD
by sumastardon
1
Brent Crude Oil: UKOIL Buy point with 19 pip risk and 500 rewardBRENT Crude Oil UKOIL Update A nasty failed break above the upper paralle lhas forced Brent back to the lower parallel, the entry point was hoping for, so am going long at 62.18 with stop under 61.90. And if this call goes wrong and Brent breaks below the lower little parallel of this flag forming now will reverse completely for fall to 61.12. If it's going to rally as expected, it should do it from here (see earlier comments for details)
FX:UKOILLong
by sumastardon
2
Brent Crude Oil Buy PointBRENT Crude Oil UKOIL Close-Up As per earlier medium term comment on Brent, believe that Brent has about another $5 upside from here. but in the very near term there is a fair chace it will get sold off first thing and offer a good chance to get long at the lows, or close to. Was hoping for a fast test of the lower parallel of this flag formation but won't get it. Oil is strong. Buy as it breaks above the upper parallel or on retest with stop 50 pips lower.
FX:UKOILLong
by sumastardon
2
BITCOIN: BTCUSD Next buy point and triple play in quiet marketBitcoin: BTCUSD One quiet Saturday playing Bitcoin V Mon-Fri 9-5 job. Do the math. Whilst above 7717 key near term support the bulls are still in charge here. The opening in China will likely drive price down but it should hold up off the lower parallel and down to 7717. Touches here are buying opportunities with stops under 7000 line and if they produce pin bars will show that Bitcoin is still quite strong at these levels - and so long as 7717 continues to hold all is good for Bitcoin. It's making a small continuation pattern prior to moving higher by look of current price action. A break above the small dynamic holding price back right now on chart is the next signal to go go long/increase longs.It should then continue to grind higher to 7980-8000 where it becomes a sell for day traders if 7970 is touched. The 250 points of profit (200 after spreads) can then be risked on two trades, depending on risk profile and whether day-trading. If there looks to be still no real volume as prices move up to 8000 consider reversing current long at 7990 with stop 40 points higher looking for 150 -200 points on the downside. But be ready to reverse and flip long again if we see 8030 broken at any point (blowing the short stop for 40 loss) and particularly if higher volumes accompany this break out attempt above the key 8000 barrier - (a big green candle tells you this, you don't need to see a volume indicator to know this, really) - look to get long with stop 110 points under 8000. If it then fails you end up breaking even. But if it wins and breaks 1000 points higher ...(last weekend we made 1450 points, but the market was more fluid then. This weekend, so far has been very quiet. so am only hoping for 250 to 7780 and (maybe 170 short from 7990) - but it still beats working Mon-Fri - even when it's quiet. Am moving stop to 7700 for 30 loss if wrong from here. You don't need to believe in Bitcoin. You don't even need to own Bitcoin for more than a few days at a time. You just need to trade Bitcoin when the chart tells you it's Ok to do so, using stops. We've taken over 3000 points out this thing in exactly 2 weeks that's 38% of the total value of Bitcoin - in 2 weeks. Without owning it. All calls are there to check.
BITSTAMP:BTCUSDLong
by sumastardon
Bitcoin BTCUSD Update next buy point Bitcoin: BTCUSD The new long is going quite well, so far...the measurement implication of the pennant formation is 8079. However 7890 is the absolute high and profits should be realised now. Look to go long again on break above 7900 for move to 8079. Stops 50 to 200 below Careful here right on the highs can take profits here if day trading or raise stop to 7870 in case we stall...up to you as per risk profile just now Trade active: and if you do take profits be ready to go long on a break above 7900 with stop 50 to 100 below at max. Measurement implication of the pennant is 8079 once 7900 is broken
BITSTAMP:BTCUSDLong
by sumastardon
Nasdaq Biotech: NBI A good low risk buy point coming up tomorrowNASDAQ BIOTECHNOLOGY INDEX: NBI A good low risk Buy Point Coming Up Range trading between the parallels continues as it has done since last year's election low. It' looks like it should fall back to 3267 where it becomes a buy again with stops just under 3250. It should make a strong rally from here back up to 3575 for about 300 points gain, with the first level of resistance at 3344 (close out first long here). A subsequent move above 3344 will be very positive for this index, taking up to 3435-3444 range before it falls away to 3380 at which point it should move higher to the 3575 target - at which point it becomes a short again If this long call from 3266 is wrong, it means that the lower parallel that has guided this up-wave from inception is also failing, an extremely bearish outcome should the stop at 3245 fail, signalling a move back to 3168-3148 range (and a complete reversal of positions into near-term shorts) where this index becomes a strong buy again.
NLong
by sumastardon