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Gold Potential Double Demand Hit Gold has dropped to just above the $1300 threshold once again - This time in conjunction with the Daily 200 EMA. We could see a nice move up however it may be limited to the 38.2 where it would meet a potential Trend-line break (Retest) before continuing down, on the Flip side of that, the push from the EMA could push it through the Supply at the top for a Long Term Hold. Price Action is Mandatory as the USD is very strong right now and it could easily push below.
FX:XAUUSD
by PardoFX_Trading
XAGUSD Enters 2 x Demand AreaSilver has again reached its crucial lower range end and is in a serious demand area around the $16 area on top of a Daily Trendline and area of support. It also sits atop the 23.6 of the larger move, price tends not to drop below here in recent history look for a Long entry with your stoploss below the 23.6 Price is in a Weekly Wedge and very likely to break out soon, so beware of the drop through, Price action is mandatory. On the flip side of that, if it breaks above this could be a long term hold.
OANDA:XAGUSDLong
by PardoFX_Trading
Is Bitcoin crashing? Are we going to ZERO? Is it Panic Time?Daily BTC Upadte I don’t think we are crashing or Going to Zero. In my education piece yesterday, I said I thought there were a lot of people trapped in losing positions up higher, some of them I think I getting frustrated and getting out. I actually predicted this in my fist BTC post on TV “If we break the 200 ema and close above I would expect a pretty quick trip to, 10,000 (The pink line) and then a retest of the 200 ema , a bounce here would see $12,000( The Black Line) in play quickly and then I expect consolidation between the 200EMA and 12,000 for some time.” So while I am not a psychic, its pretty good and we are now consolidating or ranging between the 200EMA on the daily chart and 12,000 (This area is shaded for you) Importantly the break down on the 4 H Chart (attached) has reversed above 9300 support, closed above the important 9750 level and looks to be stable. While it doesn’t look like a panic sell to me it does require me to be BEARISH/NUETRAL. I am under the 200ema (on the 4H Chart) and my previous support trendline. I will move the support line when I get two bars above my new low on each side. (Potentially next bar) but this is a technical move and my Bias remains BEARISH/NUETRAL. For those looking to sell bounces off the 200 EMA (4H Chart), 10800 and the old Support trendlines all offer great chances to sell. I would scale out at 9750, and trail down from there. For those looking to buy, I would buy now or on the break and retest of old support trendline. Targets are 11,700. My expectation is next we will revisit the 200ema on the 4H chart and then we will be watching closely again. Follow us to get the most accurate BTC analysis FIRST, with trade details, Like us or join us. If you want to make more money something us.....
BITFINEX:BTCUSD
by DollarsAndSense
8
Tick Tock! Is it time to buy??? Hey Followers, Many are falling by the LTC sell off, I am not nor should you, if we have a look at the chart, we have hit the bottom of the range. Its a great place to look for a bounce. LTCBTC is in an extended range, with the top at 0.0238 and the base a tight area between 0.0186 and 0.188. This level is also the 50% Fib Retracement of the last move up. Price on the 4H chart has just hit the bottom of the range and this 50% Fibonacci Retracement and created a double bottom (Circled in Blue) and appears to now be putting in a first higher low. We are looking for a buying bar closing above 0.0190 on an Hourly or 4 Hourly chart. Its important we wait for the buyer bar as confirmation the market is watching this level. A close below 0.0186 would invalidate the trade and open up the possibility of looking for a Bearish entry. Entry High of the first bar to close above 0.0190 Slop loss is 0.0185 Target 1 is the first bar on the timeframe we trade to close above our entry Targets from there Just before the blue dotted lines on my chart at 0.0194 Target 1 0.0201 Target 2 0.0210 Target 3 0.0238 Target 4 - the black line I hope you all enjoy this trade, we hit some massive profits yesterday around 90% and if you can continue to follow we are going to see many more of these days ahead with the market repairing and improving new trades are jumping out.
Long
by DollarsAndSense
2
If we get the right pull back! Its Party Time.Hey followers, I have been watching ICN/BTC rally over the last couple of days but haven't been able to find a way into the party. We are now getting a pullback and have a quality support area in focus. Iconomi has been on a bit of a tear for the last few days, and is currently giving us out first pullback and potentially opportunity to join the party. We are looking for a pullback to the 0.000190 and 0.000186 support band. The support support band coincides with the 38.2% fib retrace. This band is support taken from the Daily chart. Once we get to our level we are looking for a decisive buying bar (closes by the top) on a Hourly or 4 Hourly bar, and we will buy when the high of that bar is taken out. Entry high of the buying bar bouncing from the support band. Stop loss below the bar and the band 0.000183 //////////////////////////////////////////////// Target 1 The first bar on my timeframe that closes above my entry bar Next Targets before the blue dotted lines 0.000205 Target 1 0.000219 Target 2 Enjoy guys lets get some profits in the bank!
ILong
by DollarsAndSense
1