The only thing you can be sure of The only thing you can be sure of
is that I spend more time in front of computers than I spend sleeping.
When I find something which looks promising
it is my pleasure to show you. Please do your own research before doing anything
beyond human help.
Caution
Gold looks bullish with high volatility in AugustGold broke important 1420$ level on monthly chart. If XAU/USD can sustain the gains and even close above 1500$ in August, then we might have couple of months in 1530-1500 range with possible spikes to 1579$. We are literally sitting and that crucial 1495-1500$ zone on weekly, which I believe is bullish.
Failure to close above 1500$ on monthly would signal a re-test of 1420$ zone.
It's going to be VERY VOLATILE month UNTIL and IF we close above 1500$
Be cautious!
AUDCHF Continue BuyingBut remain cautious esp regarding volatility from US-China trade talks.
Weekly:
Back to the drawing ... square one We have been left with bare and naked
Price Action, here and now.
No indicator will tell us Anything,
whatever it does, it will not be true,
it will not be false, it just might be useless.
Having BTC visited
the shape of a Death Cross, we need to know
that we are on uncharted grounds.
We had never been here before. As the arabs say:
May Peace be with you, so do I. Be happy.
ADA descending wedgeNo confidence in too many bullish charts at the moment.
Janice on the checkout at the local supermarket isn't talking about crypto and until she does, you have to be cautious
Dollar sell opportunityIn given chart I'm showing you almost the same structure that happened before in this descending channel.
We might see one more re-test of 0.236 and then go much lower looking on daily. Good risk reward trade with TP at 0.618.
Trade with caution!
Hope you get something useful out of it.
FX:USDCAD
Bitcoin bullish leg up expected soonBitcoin already broke ascending triangle on a bit elevated volume. For a bigger move we would see more volume coming in.
I see WXY as a possibility.
Target @4040-4090.
*We have Daily 100EMA at 4040.
*Weekly fib resistance at 4090.
Also if you make a fib retracements 1.618 is my target based on recent behavior.
If you are LONG taking profits just above 4000 would be wise.
Shorting at @4050 (If given) is an option with TP 3764(for those not willing to wait)
Final TP - 3518.
Have a great day! BITSTAMP:BTCUSD
ETHEREUM (ETHUSD): avoid FOMO and being eaten alive. I present an alternative and perhaps unpopular perspective on ETHUSD. I'm saying that there is a risk that price on 2H and 4H time frames could spike down into the Daily trend before recovering.
The markets are there to make us feel stupid. If for example, the price rocks north now, everybody would say I am wrong. But I'm not here to be right about one position. I'm here to control my risks over several trades in the long term.
Before the fallBitcoin breached 4k- for 15 seconds.
Wow.
Now its falling. Sunday sell off to ensue I believe if it cannot maintain above 4k. Now at 3930. Midway through U.S. Saturday, make or break. Looks rocky to me. Look to other alts to be dragged along for the ride.
I am not a professional adviser.
Faaortis fortuna adiuvat.
Bitcoin sell off on SundayI am not a licensed financial adviser.
Now that that is out of the way, let's look at Bitcoin. It is currently trading below the Ema25 , Ema 50 , Ma 50 , 100 and 200. Rsi has fallen to 39.6, and it is a Thursday. Repeated rejections of 4k have caused BTC to be tightly range bound these past few days , but today, for now at least, it has a direction, and that direction is south. It is my belief that tomorrow and or Saturday it will enter a demand zone, and a rally will be attempted, but the repeated rejections of 4k have very likely left a psychological imprint on the emotional sector of the market , which sadly comprises maybe 65% of it. The rest of us know that it could rise if it were allowed to.
2018 was a brutal year for the crypto sector in general , and it has been only in the past few months that a sleeping bear has awakened and changed into a bull costume. The problem is, it is a costume.
Factor in the crypto press. Despite almost always being wrong, the emotional sector and the newbies haven't realized that yet. Many people seem to still take CCN , Nulltx etc. seriously. They will learn.
One big hope has been institutional commitment , yet in order for that to happen en masse , Bitcoin needs to show stability and or upward movement in a sustained fashion. Something it has failed to do time and time again. Despite this there have been tentative but timid moves by Fidelity and other big names , perhaps part of what led to this latest rally, there has been news from the sec , another positive - but the community is deeply scarred and full of F.U.D.
Weekends being what they usually are, I suspect that Sunday is going to be a bad day for bitcoin , and by proxy altcoins in general. I'm keeping my trades tight, small, and careful at this point.
Best of luck out there.
Fortis fortuna adiuvat
Caveat Emptor.
Patience, This Can Still Move Either WayCaution here!!! Bulls looking good on the daily but there is still a lake of volume. Bulls still need to break the reverse head and shoulders neckline before we can be confident of further bullish momentum up to 5k or 6k BTC levels. The long-term weekly trend still needs more strength before bulls take control of the weekly. Best of luck!!! @crypto8020
State of Mind October 18thNew day on the cryptos market!
What happened last night?
Overall, the market has remained stable, as can be seen from an analysis of total market capitalization, which has stagnated at $211 billion.
The Bitcoin is still evolving laterally for the moment staying around $6,740 still in its trading range with its support at $6,650 and its resistance at $6,800. Over a period of 1 hour, the evolution of the technical indicators is uncertain with a MACD and CCI that evolve in a neutral way and a WaveTrends that crossed with a downside risk.
However, over a 4-hour horizon, the indicators are negative with a WaveTrends and a MACD that evolve with a downward trend.
In conclusion, this sideways market could head in both direction, that's why you must use stop-loss if you try to profit from opportunities on the market !
More info on t.me
Possible XAUUSD Set UpA break of this rising-wedge to the downside would activate shorts. If we don't get a break to the downside shorts would not be active.
CAUTION - Bitcoin at a Cross-RoadsCAUTION - Bitcoin at a Cross-Roads
Looking at the daily chart there two significant elements to pay attention to:
(1) Support Zone ($7100 - $ 5800) - this price range has been tested a number of times and a clear break below this zone could see us drop to around $4200 (1.138 Fib extension) or even $2400 (1.272 Fib extension).
(2) Resistance Trendline - Also tested a number of times. A clear break may be the catalyst for a bullish rally to $10 000.
We really are at a cross-roads as I expect we will get a much clearer indication of medium term price direction depending on which breaks first - support or trendline.
Given that we are currently in a bear market, I believe that a downside break is more likely. Furthermore, on the shorter timeframes we are seeing reversal patterns repeatedly fail to reach target - a strong sign of prevailing weakness.
Conclusion - I would avoid buying Bitcoin at current levels. I would rather wait to buy after a clear break above trendline and a new bull trend looks likely. Should support break I will be looking for trend reversal patterns to build new long positions.
CAUTION - Bitcoin at a Cross-RoadsLooking at the daily chart there two significant elements to pay attention to:
(1) Support Zone ($7100 - $ 5800) - this price range has been tested a number of times and a clear break below this zone could see us drop to around $4200 (1.138 Fib extension) or even $2400 (1.272 Fib extension).
(2) Resistance Trendline - Also tested a number of times. A clear break may be the catalyst for a bullish rally to $10 000.
We really are at a cross-roads as I expect we will get a much clearer indication of medium term price direction depending on which breaks first - support or trendline.
Given that we are currently in a bear market, I believe that a downside break is more likely. Furthermore, on the hourly timeframe we are seeing reversal patterns repeatedly fail to reach target - a strong sign of prevailing weakness. See most recent head & shoulders failed to reach target (green box).
Conclusion - I would avoid buying Bitcoin at current levels. I would rather wait to buy after a clear break above trendline and a new bull trend looks likely. Should support break I will be looking for trend reversal patterns to build new long positions.
[GE] Is It Time For General Electric Bulls to Return?Noticed a Inverse Head and Shoulders pattern looking formation here.
The 50 and 200 MAs also looking to converge around the neckline on 4-hr chart.
The neckline at $15 seems to be important, it has held support after a sharp bounce from the lows in the '08-'09 crisis.
If it can't hold above the neckline, some serious selling could occur unless fundamentals change.
Don't have much fundamental basis for a bull view, though. We'll have to wait and see the next ER!
Evening Doji Star possible for tomorrow #AKERWe have conflicting signals here, as the RVI is near the sweet spot, the VI (-) is coming up again, VI (+) is stagnating, and the volume hasn't had more than 3 consecutive days of positive momentum for weeks.
BCH looks to defy a barrier, can it do it?Looking at the trends, RVI is about to push into the sweet spot, and somehow the price has been clmibing even though the V.I. (-) should be pulling the price down. Something strange is provoking a possible bear trap.
We have a moment of truth happening somewhere over the next 8-14 days. We either break the barrier, or we drop down to a very scary low.
Trade with caution, everything I say is speculation, always consult your own. This is just a hobby for me.
Litecoin Is Not Your Savior (Yet)Keep in mind LTCUSD currently sits at #5 and its market cap ($12.3B) is nearly half that of the next coin up (BCHUSD @$23.4B). It’s had a nice run the last few days, but is still very much susceptible to the ups and downs of the lead coins BTCUSD and ETHUSD
With that said, it’s still in a position of strength. RSI is not red-lining, volume is healthy and the tech roadmap looks good.
There are four possible paths in the near term:
1. Lead coins hold steady, break the bears soon, so Litecoin trades sideways until the others catch up.
2. Lead coins take longer to break their down trends, in which case we revisit the $185 support level before continuing on.
3. Lead coins are unable to break through their respective downward trend lines, thus dragging us down with it, to the $165–170 levels.
4. Unforeseen bearish headlines pull us under the previous down trend to the low $100’s
I’m personally leaning on #2 but I’m not confident enough to put my money where my mouth is. It’s a wait-and-see game for now.
NOTES: The grey dotted line is the previous downward trend line. The blue dotted line is the long term, hi-lo median trend line.
Club Moon is opening its doors?Looks like the bulls managed to skate by the bouncers at the 2017Q2 lower support trendline. Then the market rallied at the news of Goldman-backed startup Circle buying Poloniex . To my horror, I watched my shorts die a terrible death as the stampede of bulls rushed the market north $500USD in less than 30 minutes!
The BTC Yazuka didn't just open the doors, they gave the bulls a free pass to Club Moon! Or, did they? Looking at the limit orders on CEXIO exchange, I see a major sell wall at $11.4K with well over 500BTC waiting for the harvest. Are the bulls simply here to fatten up before the bears feast on their tasty steaks? Time will tell!
Of course, that sell-wall could easily evaporate or move the goal-posts north. But at this moment, that looks like the next barrier. The buyers appear far and few in between compared to such a sell off.
If the bulls manage escape the bear's teeth at the $11.4k sell-wall, then we could see enough rocket fuel to jet past the 61.8% fib onwards to just below $13K.
Good luck trading!
<<< For entertainment purposes only, this does NOT constitute financial advice. I'm not responsible for your losses and profits. Nor am I your investment advisor. >>>
Symmetrical triangle spotted. Elliot wave projection. we just had a parabolic upwards movement and we all know what that means, tricky business. alltough this triangle has truned out very clean we should trade with caution on this one. low volume could mean massive gains but the losses come just as quick. set stop-losses accordingly.
BTC 4-Hour Head and Shoulder???? Short TermPotential BTC Head and Shoulders setting up on the 4 hour chart that is worth watching. Increased Bear Volume and a potential Rising wedge
support around 9500 and 7800 respectively if we see a pull back
Also 4 hour MACD bear cross.
Short time consolidation on the 4 hour chart.. If we get a pull back to previous support mentioned above it would be a gift as i think BTC is going to have a massive run this year.
The institutional investors want a slice of the Crypto action and the whole space is still red hot. These level offer excellent long term opportunities in my opinion.
