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GBP/USD---Daily AnalysisHello to all of you, My name is John Vasilopoulos I analyse currency pairs for individuals and companies If you interesting send me a message. Here we have some key facts that we have to take a closer look. Firstly, identify the key sell zone that I have drawn for you it is clear that the sellers would push the price lower. Also, this area work like resistance zone, the mainly fact is that from the price action analysis comes that the trend has not changed, we are on downtrend (the yellow circle in price action is the candle that gave to this pair the power to go where is now). Seconldy, I am looking for best entry, to pull the trigger and suggest looking for best risk management if you want to follow this trade. All in the chart, this is not the short term view, I expect this pair go little more higher and then back in hell. Thank you for the reading
Short
by UnknownUnicorn3549910
1
S&P 500 Index: SPX - Next Long Shot from HereS&P 500 Index SPX Following the next long trigger on the break above 2701, this index hasn't quite made it to the next upside target at 2747-2755 range after a high at 2744. Close but no cigar. As with the other indices this one is also overextended in near term. And as with the Nasdaq, both indices have 2 lines of resistance sitting just above closing values. In SPX case at 2747 and 2755. It should begin to struggle for further near term upside in this range and needs to consolidate today's gains for awhile. Look to buy the dip if we see one overnight - otherwise the next long shot has to wait for a break above 2755 (preferably after a consolidation of recent gains first) looking for 2794 initially, then 2814-5. As above, the break higher when it comes, should be worth a further 2 to 2.5%. Active Traders: For Global Market Updates in real-time please check the links at top left of main page.
SP:SPXLong
by sumastardon
Bitcoin: XBTUSD Next Trade Points from HereBitcoin XBTUSD Next Trade Points The break above the upper parallel at 3740 was a good one when it finally arrived, propelling Bitcoin to the first target range at 4018-4152 within a few minutes of the break. Volume was pretty good too. Since then it's made a little flag before pushing higher still, triggering the next long shot from 4152 looking for further upside to the 4723-4765 range (narrowed). It's pushing higher inside a pair of parallels once more. The higher the volatility the more patterns it tends to make. Now approaching near term resistance potential at 4379 and the upper parallel and likely to start consolidating again soon around here. Should find support off the lower parallel when it comes off though. Once it's consolidated a little more around here it should break above 4379 which should in turn attract more buyers still and take it to the next target range at 4723-4765. The next long trade or add is from 44770 up to 5158. Whilst Bitcoin stays inside the parallels this uptrend remains in tact and it can't really be shorted again until it breaks the lower parallel.
BITMEX:BTCUSD.PLong
by sumastardon
SHCOMP Shanghai Composite A Technically Perfect Bounce13th September 08:28 Bst Shanghai Composite Index SHCOMP A Technically Perfect Bounce This was meant to bounce from the the big double bottom set-up at the 2639 line. In the event it fell to 2647 before bouncing about 1% or so. However this index is so far still stuck below the upper parallel of the original downwave and is therefore not out of the woods quite yet - but it has at least bounced where it should have done from a technical perspective. Now has to push up through that same parallel to start running free to the upside and to challenge the next resistance zone at 2791-2803 range. Whilst this index holds up above 2639 trade worries should dissipate and help other world markets too. Shanghai Composite Index SHCOMP 12th September 00:59 Bst Now just 10 to 24 points away from major support potential at structure lows in the 2653-2639 range. This index must hold here and bounce overnight. Failure to do so will trigger further weakness back to 2444. That would affect other markets tomorrow. So long as it holds up as it should we should have a positive day tomorrow elsewhere too. *For global markets updates in real-time please see last link at top-left of main page.
S
by sumastardon
BTGUSD Next Short Set-Up from HereBTGUSD Next Short Set-Up from Here The wider spread compared to BCHUSD has seen volume shrink away on this pair and swell on BCH. But it's still a good shorting vehicle nevertheless. It halved from 26 to 13 in a matter of days for example. "No coin is ever too low to sell" - to update a W D Gann quote for the 21st century. The downtrend is still strong here and the last 3 rallies have all failed at the upper dynamic. BTG remains vulnerable whilst trapped below this dominant line. Once 17.5 breaks it should fall away to the 13.2-12.1 range. And once 12 breaks the next obvious downside target becomes 6.5-6.0 Will follow Bitcoin around as usual, just moves faster. Not ready to short again yet but worth setting an alert for maybe.
B
by sumastardon
ETHBTC Target Achieved - Next Short Set-Up from HereETHBTC This has been a good short through most of August, down 20%+ from the 542 break level to 426 now. There was a second chance to short again from the lower green arrow as it broke the continuation pattern at 46 which has yielded close to 10% this week. But it's making a little double bottom here and the near term downside target has been touched precisely so it's time to close out again if you haven't already done so. Next short opportunity comes on a break below 4165 looking for 3440 initially and then 2345
by sumastardon
XBT Bitcoin Next tRade Points from HereBTCUSD Bitcoin - Next Trade Points from here Bitcoin broke lower overnight but stopped just a few points above the 6226 line on Bitfinex and then rallied back above the 6312 line, dancing either side of it for a couple of hours as it made a small bull pennant before surging back to retest the upper boundary of the triangle again. A Groundhog day. Price has now come back inside the same triangle that formed over yesterday and is moving precisely inside it now as it approaches apex. No trade inside the old triangle as yet. But it looks to be coming to a head/decision point soon enough again now... It has to break above 6500 now to follow long for a scalp to 6616. If volume stays low look to close down a little below here . The 6616 line is the neck-line of the still smouldering IHS. Any break above here on rising volumes can be followed long again with stops under 6600 looking for 6892 initially, then 7144 and 7400 in 3 potential long trades or stages. On the downside the low overnight has created a larger bull flag which only stays good so long as it holds 6409-6400 and the lower dynamic that forms the triangle. Failure to hold 6400 should be worth shorting back to 6312 for a scalp and potentially back to the lower parallel of the bigger flag at 6226-6170 range. It then has to break below here to add or reopen fresh shorts from 6160 back to 5997-5898 range.
BITMEX:XBT
by sumastardon
ETHUSD Next Trade Points from HereETHUSD ETH has been a fabulous short all the way dwon from 399 in a succession of trades over the summer. Left this one looking for a bounce from 252 and by chance happened to write on it last at exactly this point. At least shorts were closed out there but really should have reversed long there too. Easy to say that now of course.... It's afe agin whilst it's moving inside the parallels of the little continuation pattern it's now forming with first resistance right here at 305-6. A break above here should trigger further strength up to 320-329 range- then once it cam break above 330 it should start to find more buyers still and run back up to the upper parallel where it should then fall away again. On the downside a break back below 278 is needed to trigger another near term short back to 252 at least. *For fastest ALT updates please see link at top left of main page.
BITFINEX:ETHUSD
by sumastardon
NEOUSD Next Short Set-Up From HereNEOUSD Update and Next Trade Points It's been a week since the last scan across the top 20 or so coins. A lot has happened in 7/8 days. Remember that no coin is too low to sell and likelwise in a bull market no coin is too high to buy. Remember also that we play a game of probability. Some play momentum and volatility and some play hunches and mistaken beliefs. Few are right. The majority are wrong - up to 95% of retail currency traders lose money. (If currency trading was easy, we'd be doing it here a lot more. It isn't. So we don't) So we know the odds are stacked against from the outset. With this is mind is it 'easier' to sell the dust and forget about the diamond - or are you so damn good you can find 'the one' ? If it's the latter please share ; ) Until that day arrives we are probably better to try nailing the losers. And there have been some good ones over the last week. Here are some: they will follow Bitcoin as usual. They will rally more than the great death-star itself and fall more when Bitcoin fails. Some offering fantastic gearing opportunities without the need to resort to excessive margin trading. NEOUSD This was a sell from 20.87 and weak whilst trapped below 21 with a downside target at 13. It fell to 13.64 before rallying. That's a big double bottom at 13.25 in fact. But the trend is still neagtive despite the 50% counter rally since. To break free of the relentless bear prssure here it will need Bitcoin's help to arrive soon now. In it's continuing absence NEO will break the the little dynamic under price now and retst the lows at 13.64-13.25. A decent short when it breaks . But not until. It's holding up with Bitcoin for now. An eventual break below 13 here will be another extremely bearish signal pointing to further sustained weakness back to the spike low at 3.79. Lesser potential support centered around 6 may serve to induce a counter rally of 50% as we are seeing now. Big moves in little numbers.
BITFINEX:NEOUSDShort
by sumastardon
BTCUSD Bitcoin Next Swing Trades From HereBitcoin Chart Updates XBT A slow weekend of range trading has given way to an equally slow start come Monday. It's held up well through Saturday and Sunday but here is still no intererst above the 8298 line as yet. Spikes of desire off the 8070 line and rejection spikes above of equal dimensions from the 8298 line show equal indecision here at these levels. Unless day trading within this range it means swing traders have to wait a while longer for a resolution to the on-going fight between the two battle-lines that have been laid down through the weekend. A break above 8300-8315 range is needed on the upside on rising volumes to follow long again looking for 8576 initially. Then has to break above 8600 from that point to trigger another long shot to 8884-9020 range. Next resistance levels above here lie at 9388 and then 9898. And on the downside Bitcoin has to break below 8080-8050 for the bears to win this long drawn-out battle and to follow short back to 7788 initially. There's a second support level at 7661. A break below here should be worth following back to 7347-7209 range. Then there's a bigger break on any fall below 7200 back to 6792. Wave Counts How many waves up have we had? 3 or 4 from the low. If it's the 4th for sure then this rally is already getting past its sell-by date. If it's the 3rd it means we could still yet see a 4th. Hence this only adds to uncertainty. However, if we've had 4 and it now breaks below the 8080-8050 range it's unlikely to just fall away to 7788 and then bounce away again. There will most likely be 3 or waves down - so swing traders can short from 8050 with stops above 8080 and let it run. Upside strength from here is not so certain. Look to scalp the break if it comes on the upside later. We need volume to come in behind us as usual to know the break is good.
BITMEX:XBT
by sumastardon
2
BTCUSD Bitcoin Trade Points and Stops from HereBitcoin Update 26th July 11:16Est 06:16Est Bitcoin was a buy on a break above the 8160 line yesterday (though by time comment went live it had already broken higher, sorry- busy day yesterday all round) It was also a buy if missed the first break on a return to the 8160 line overnight, with the low being 8163 since then. But the rally is a little lame so far up 100 or so points. Can raise the stop to 8240 for now. It's effectively back in neutral, yet again in the very near term whilst trading within the range forming overnight and today bounded by support at the 8160 line and resistance at 8298-8320. Has to break above 8320 to return to positive for rally back to 8478-8576 range. Any break above 8600 at any point on rising volume would be extremely positive and can follow long again from that point looking for 8863 initially and then once broken above to 9367. Until then the best we can do is raise the stop as above or close out as close to the 8300 line for 140 points or so profit (if you were around or had orders placed to buy the dip overnight) and be ready to go again on a break above 8320 on rising volume. Returning to the downside potential from here: has to break below the first support line at 8163-8155 range to trigger a 100 point scalp back to 8053. The next support lies at 7944. It must hold up here at lowest on any retests for the uptrend to remain in tact from here. 25th July 22:18 Bst 17:18 Est The bears are really struggling here. We've had 4 minor waves down with the last being a slightly higher low - there's no momentum building on the downside - there are no sellers . And if that;s the case it have to move up until there are some again. The support lines have been adjusted accordingly . This mofo is trying to break above 8170 as this is finished. It's not ready to go down yet. So it should push up instead. Which it's just damn well done. Resistance here at 8230 - must break above here on rising volume to follow long again - it looks ok though to buy the dip if it comes back to 8163 overnight if it sticks here at 8230 - otherwise will have to buy the break higher above 8230 and hope volume picks up behind quickly. If not look to close out again. July 24th Update Bitcoin Update 24th July 09:42 Bst 04:42 Est The break higher duly came at the rather strange hour of 05:00 Bst and midnight Est. Volume has been quite high though not spectacular. Not much follow through in London though. It's the first time Bitcoin has made such a small surge following a break-out higher and it hasn't reached any clear resistance level either. The rally is a little spooky so far, lacking real intent. The long shot from 7800 is going OK but not great so far. Raising the stop to 7924 for now and hoping it won't get taken before more buyers appear. * Active traders: For fastest up-dates in real time over the Summer hiatus please check link at top left of main page. You are very welcome to join.
by sumastardon
SPX: S&P 500 Next Trade Points from HereS&P 500 SPX500USD Of the 3 charts followed for S&P 500 index, this one has been the most reliable recently. We were looking for S&P strength as the last but one of the Fangs report earnings with Amazon on 26th after hours. Google has helped overnight. After triple bottoming at the 2790 support line the S&P has rallied higher, making a little spike off the next line at 2809 before pushing higher still. It should move on up to test 2836-2837 on this feed, then consolidate some, perhaps back to 2814 at lows before it rallies again. Has to beat 2837 to trigger further near term strength up to 2876 -2877 where it should top out and reverse if touched later in the week. No point in trying to fight this until earnings are almost done with. The turn may come on 26th. Let's see - time should tell us the next trade from there... 19th July Update Am counting on a 4th wave on the back of earnings in near term - It could use some great results from Microsoft tonight - merely 'good' numbers will be a bit of a let down - on the Dow also and Dax too. Looking at this index in isolation it still looks like it has more upside left and will eventually break higher above 2814 up to 2838 and then after consolidating some more here, it should push on to 2876 highs again. On the downside it has to break below 2798 to short back to 2788/7 where it must bounce again if the trend is to remain positive in the nearer term and for a retest of the highs to remain the likeliest outcome from here.
OANDA:SPX500USDLong
by sumastardon
BTCUSD: Scope for further Near Term Upside within Bear FlagBitcoin Continuation pattern forming after the failed break earlier. Just a bear flag so far. 6710 first support and if it's going to bounce it should be from the lower parallel of the nascent pattern - but there's no real interest A worry for any brave bulls at this point. In very near term we may get a bit of buying into US open - may regret it later but am not looking to follow it higher even so at this point. Looking to short again from higher up towards 6840-6860 if the current rally lacks any volume as it rises orif 6700 gives way first with a stop around 30 or so higher, which is risky, as below, if we see it happen. As yesterday, on the downside there are a series of closely positioned support levels beginning at 6660, then 6518-6481 and last gasp support at 6428 - which must hold up today for Bitcoin bulls to stand any chance from here. This might make trading the break lower trickier than usual so will need to take care if trading this part of the range. But any failure to hold 6420 from this point today will likely flip Bitcoin down to 5887 next. So 6425 is most likely the point that swings and day traders are likely to start to short more aggressively when broken with stops either quite tight above, and no higher than 6620.
BITMEX:XBT
by sumastardon
5
GBPUSD: Month-End Update and next Trade Points from HereGBPUSD Update 31st May Month End Streling has fallen to the downside target at 1.3301 after a low at the old 1.3219 support line for a 150 pip or so profit. Eventually it should fall away further to the next support line at 1.3029 but in the near term the counter-rally is already pushing the upper dynamic at 1.3345. It should stop here really looking at this chart in isolation. But DXY looks like it has more unwinding to do in near term and so this could push higher still from here. The difficult bit in the immediate near term is figuring whether the near term reversal point is right here at 1.3345 or at the next line above here at 1.3462 - but it's going to fall away again from one of these two lines most likely and then test 1.3029 in June.
Short
by sumastardon