Get started

GOOD

EOSBTC Fifth wave?EOSBTC Fifth wave? It seems that the EOS is not going to stop. He successfully achieved the first goal on our previous recommendation. We see a tapering triangle in the case of breaking through which the next wave of growth awaits us. Elliot agreed it could be the fifth wave and our next target will be 0.00090000. if we successfully overcome it, then the next target may be 0.00100000. After that, a good correction should follow. If the buyers now have enough strength, then a small correction may follow now, from the level of 0.00081000. Those who opened positions earlier, I advise you to move the stop loss into a break-even position. For those who are just going to open positions, it is better to wait for the triangle to break up, or wait for correction and buy a coin after that. We will continue to monitor this coin. All good trade and good luck!
Long
by DorisKat
Bitcoin: BTCUSD On Important Support Right nowBitcoin. Clock-Work 05:53 est another 01:00 gmt low, another at 06:00gmt. And high at 10:00 - right on the upper parallel where longs who bought at 6am have closed out for 450 points - day's work done. Now has to climb above the upper paralle and hold there on retest once broken to turn back to bullish again from here. Unlikely in very nearterm but it's trying hard here. We have had 4 waves down which is standard stuff for Bitcoin so this decline could be over but it still has some work to do to bust above the mass of resistance gathered above it from here...the old neck-line - can only get long from here once the upper parallel is busted and held - all it's done so far is a nice little counter rally to exactly where it should stop. We got some far Eastern interest at 01.00 and some European interest at 06:00 and now we'll need US interest to help it move higher from here - in meantime it needs to unwind a little. So far it's holding at 10100 but when this gives way it should fall back to support at 9965-9855 07:07est Last low on Bitstamp at 9935 with a nice spike under it on 15 minute - and now we have a break of the upper parallel and test of the first line of resistance at 10254 as early birds in US catch the worm - likely to push on up to the neckline by 14.45gmt, maybe in the 15 minute candle on US official open - if you got long on the last dip as above stay with it and raise stop to just under the low at 9930 for small loss if wrong from here. Look to close out in the 10300-10350 range where fixed and dynamic resistance begin to merge. But we 've broken the down-trend and need to be ready to get long again when and if that uppermost dynamic/old neck-line is broken above and held (now at 10345) - can follow the break with stops below 10300 when it happens. Bulls have 4 waves down which signals potential completion - but the bears have that Head and Shoulders on their side still - bulls gotta break that neck-line next big test - then we are off to the races with a relief rally - but not until...day traders are using the smallest dynamic here on 3 minute by look of it... 09:09est After moving sideways above the parallel for a while Bitcoin has come back to life as expected with US opening. Now testing the target at 10300-10350 with a spike high at 10372 on bitfinex....so closed out and looking to buy again lower , maybe only as low as 10300 ... 09:14 Had to get that uploaded quickly - so this is looking good again - has just poked above the dynamic/old neck-line on Bitstamp which is the big test now...buying across 3 continents - just neeed to beware a suck in here though...but if it can hold up here above 10350 and the dynamic this is going to rally very well now...
CME:BTC1!Long
by sumastardon
Bitcoins end or a big bounce in the right direction?Before reading this keep in mind I am new to the market and this theory will most likely be wrong. In my opinion I think that btc will drop down to the support at 11200Usd before it bounce up to new hights at around 23k Usd. I think this will happen since in the past bitcoin has done somewhat the same. The other thing that might happen is that bitcoin will break the 11200 support and drop down to the support at the 5500usd mark. in this case it will be overtaken by other alt coins. if this happens I believe that it will be a horrible time for the crypto market were most coins will be down for months.
BITSTAMP:BTCUSDShort
by Jack_Bimson
ADA/BTC trading couple is on the brink of awesomeness!ADA has been experiencing extreme bullishness in the past 2 months. And I do not think it is done yet... I think we are about to move into a Wave 5 Elliott's Cycle which will put us between 10,000 - 15,000 satoshis. The rectangle at Wave 5 indicates TO ME that there was sustained growth over a longer period of time and high confidence in the coin at that period of time. This dip is just reactionary to the 4th wave and I really believe that this coin can take off, stuffed my pockets @ $.95 before making this, already at $1.01... Good luck!
by hindog
6
BTGUSD Grinding higher and still looking goodBTGUSD Update BTG never made it to 188 entry point, which was calculated by it hitting the long term rising support at the bottom of the chart - unfortunately 1 day earlier than it did - close but no cigar. If you got the eventual low at 190 bang on by watching and waiting that extra day you have been well rewarded for that patience with BTG up 45% in 36 hours since then. Right now there's a battle raging between bears hitting down hard from 278-275 with a series of pins forming from above, and yet from below the bulls are meeting all sales and absorbing them ...pulling assistance from the strong speed line that 's supporting the move from the secondary low at 200. This still looks good whilst that support line holds (stops for longs under here, moving up under price) Likely to keep grinding higher - stay with it or pick some up...should reach 340-344 fairly soon where look to take profits again if touched.
BLong
by sumastardon
LITECOIN: LTCUSD All good still here: Buy on dipsLitecoin LTCUSD If you were smart enough to use a break of the smaller dynamic support as your exit point maybe you werre aso smart enough to buy back using the longer term dynamic as an entry point. It wasn't quite as perfect as the smaller dynamic was - it was 1 point out - close but no cigar. Just hope you managed to get long again there...at Litecoin we saw almost perfect order amongst a shit-load of chaos everywhere else. It's likely to encounter resistance off the underside of the smaller dynamic when it touches it and a goood place to close out if you did get back long from lower. it should then start to consolidate some more between the two dynamics but with an upward bias movong sideways within these boundaries for while before surging higher still. Buy dips, sell rallies into the overhead dynamic in very near term or look to accumulate on weak spots over the next day or two. Chaos only reigns here if the lonfger term dynamic fails at any point.
BITSTAMP:LTCUSDLong
by sumastardon
Bitcoin: BTCUSD Nice impulse wave for day traders to play withBitcoin Update Let the Force be with You The little parallel guiding this wave is working well on the upside, but not on the downside, so far. Still looking to get long off any touch to the lower parallel with a stop 50 lower and if this gets taken it means a retest of 6980-6890 range is likely underway. Good, ironically. It means risk /reward ratios are even better again with about 700 points upside from here and carry about 140 points of risk with an entry around 6980 if seen and a stop below 6890 by 50 points.
BITSTAMP:BTCUSDLong
by sumastardon
3
Brent Crude Oil: UKOIL Still not too late to short BrentBrent Crude Oil UKOIL Update Had to update this position via original comment whilst embargo was still on, repeated here (sic): Hva etaken a short position with tight stop at 64.72 but ready to reverse, as above. High so far 64.62 - close but not hit yet. That has proved to be the high so far as the Opec meeting gathered. Still don't think it's too late here to short. It should come off all the way down to the lower parallel at around the 60 mark for 370 pips from here, but the first downside target is 61.67, still good for 200 pips here, give or take. Am lowering the stop now to 64.30 to get out with about 15 pips profit if it goes wrong from here. But sell just before the meeting worked very well last time, so hope we see the same kind of result this time too.
FX:UKOILShort
by sumastardon
5
EURUSD: Short Going well. Good spot to increase positions hereEURUSD This swing trade on the short side from 1.1893 kiss on the parallel is going well, so far. A neat pattern here, with a head and shoulders at the very top with an exact 200 pip downside target at 1.169 (met) and then a much larger, and more threatening head and shoulders forming over the following weeks with a downside of 420 pips from the neckline down to 1.124 minimum target, though this will take time to play out to consclusion. Right now EUR is testing old support, new resistance at 1,158 and should reverse lower from here again (good spot to increase shorts) and ride it further down (stops for new shorts need placing just above 1.1590). It should come back to the lower parallel quite soon and then make a good bounce before failing again. More as move develops.
Short
by sumastardon
1