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CASH

BCCash's double bottom has triggered!As I had predicted in my previous bit coin cash idea on here we reached the neckline of the double bottom on BCash and have finally triggered the breakout...the price target I have listed here is a great palce to limit sell, although we may run into decent resistance at the 1 day 200ma(in blue). We may also start to wick down just before this target too so a pip ro 2 below it as a limit sell isnt a bad call either...of course there's also a chance that fomo could allow us to send a bull wick a couple pips above this target as well. Whether or not your limit sell triggers as long as you got into this trade near the neckline a market sell will still get you plenty profit. *not financial advice*
BLong
by DrDovetail
BCH on a bullish rampage should reach well above 1day 200ma… BCH on a bullish rampage should reach well above 1day 200ma before any sort of major correction. Even when we get there the correction could be quite mild before another leg up we will have to assess the overall confluence of indicators once we get there. However if one were to put a limit sell somewhere it would be at that target point, a pip or 2 below to ensure your tatget is met or even you're fomohunting a pip or 2 above for the riskier types. Of course this is just hypothetical though as this is not financial advice. Cheers!
Long
by DrDovetail
Bitcoin Cash Eyeing a potential Double Bottom breakout. Something has lit a fire under bcash's ass and sent it launching upwards....I was lucky to have gotten on right at the breakout but I took my profits slightly early at .0792 sats. Now I'm contemplating re entering but am expecting bch to have a slight retracement before it shoots for the enckline of the double bottom. It ay not though at this rate....I anticipate it breaching the neckline within the next 3 1 day candles and either doing a temporary fakeout or ust triggering the breakout right away...if it does trigger then BCH will be making its way all the way to the 1 day 200ma in blue. I ahve a feeling November 5th may be a bullish day.
BLong
by DrDovetail
MY Bitcoin Prediction, The Undeniable Truth...As we all know, Bitcoin is by far the best investment you could've made in 2009; That doesn't mean it still is in 2018. Trust me I'm not going perma-bear all of a sudden, but looking at the strength of the bulls at this position just makes someone think a bit harder about whats going on. So I've noticed that not a lot of people are posting about this HUGE Ascending Parallel channel we have going on, even though were running along it to the ticks, as you can see from the chart. Now carrying on about strength of the bulls, lets just say, its not looking good. The bulls have failed to break this huge descending triangle, (no that wick was not a break). And it seems they are accepting defeat as Bitcoin falls lower every day. I believe there is more blood to come, but this could be a bear trap for all I know, so I am watching this from the sidelines and not entering a position until a clear break is made. Wish you safe trading! -Trader A
BITFINEX:BTCUSD
by demoxbt
12
AUDUSD 6 to 1 returns Fundamentally this AUDUSD been down trending due to slowdown in growth in China. Some of the slowdown in China is due to confidence collapsing due to trade tensions with the US, but yet to see any hard evidence of tariffs impacting Chinese companies. Interestingly in Q3, tariffs have boosted Chinese manufacturing and exports as companies front run the effects of Tariffs. Suggesting that the slowdown in China is natural... when the tariffs start hurting Chinese companies could slow down growth even further. RBA recently opted to keep rates on hold and forward guidance neutral... Premise for this trade is that this market is over sold and to play a bounce to the upside when this trendline breaks... Technically, market is downtrending however oversold although the RSI reading isnt at the lows (arguably divergence here) so plan is to keep playing the downtrend until the trend line breaks. Too early to look for the long yet. Notice major support 7150 level, if price pushes agressivley above here and then breaks the trendline would play the market back up towards 7400-7450 as I think more downside for this market due to ongoing slowdown in China growth. Trade offers 6 to 1 returns
by AlexClarkFX
EPIC #GOLD RUSH IS COMING... BIG PROFITS Since April Gold -0.50% has sharply declined and is now horrendously over sold. In fact, the weekly RSI is the lowest in almost 12 months, right before the market rose back towards the highs. Short sellers have battered this market, and there hasn't even been any meaningful profit taking (intermediate retracement), which means the vast majority of the short sellers are still in this market. In fact, if you look at the latest CFTC Gold -0.50% COT report released 12OCT (which monitors all the futures contracts on the buy and sell side being processed at the exchange), the market is now NET short 38,000 contracts which is the 1st NET short position in Gold -0.50% for 18 years. You can be sure that after the price spike on Thursday that institutional players, heavily short in gold -0.50% , are nervous and watching for the next move... if Gold -0.50% continues to push on higher, short sellers will begin to compete among each other to get out and in turn will drive the price up sharply higher. What caused the big spike in the Gold -0.50% price on Thursday? Driven by fear and risk off sentiment in the global market place. With the S&P 0.79% dropping sharply investors panicked and moved their money out of equities and in to Safe Havens like gold -0.50% and bonds. There's so much value here in gold -0.50% as the price is so cheap relative to other asset classes. If risk off sentiment continues gold -0.50% will continue to attract buyers leaving more high risk assets. Technicals and risk After the decline the market started a congestion phase with the high at $1,214 and the market broke out and closed above this area on Thursday, also breaking above the long term channel line. $1,215 is the entry but for the bigger picture anywhere around here is good. Aggressive stoploss would be 10 points offering 5-6 to 1 returns and a conservative stoploss under the $1200 handle like $1,195 would yield 3-4 to 1 return. There is of course the possibility the trade doesnt work and the market continues lower. I like to take profits along the way T1= 1240, T2= 1260 T3= 1290 and highlighted in blue boxes are the horizontal resistance areas i expect price to react to. Also pay attention to the 200DMA which could offer some resistance. And pay attention to market sentiment if the trade works.
FX:XAUUSDLong
by AlexClarkFX