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BTCbtc needs to stay above daily open and start closing above the swing low for longs to be considered
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%.
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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.
DAX Index - Next Trade Points from HereDAX GER30
After making a double bottom off the 11265 line the Dax has pushed higher with the aid of US markets to test the first resistance line at 11414 after a high today at 11420.
There's a second line of resistance just above here at 11447.
Either look to buy the dip if we see it back to the lower smaller rising parallel supporting the rally - or alternatively can buy the break above 11450 looking for 11655-11681 range, about 2%.
BTC / USD / XBT / NEXT MOVEBitcoin is now showing bullish symptoms next stop 5700-5800
notice how stoch Rsi has crossed
use sl and enjoy
Bitcoin destination = farty poopyHi dear followers :D !!
Here is another great TA analysis from me... shame I don't follow my own analysis and get into terribles losses...
Oh well, let's hope BTC will rebound, touch our yellow area (long term support line + log view) and shoots back up to the moon as that was the original flight plan written by our dreams... 8}
Have a great weekend, and don't foil your pants too much ;} !!
Please give a like or a comment !
Cheers
Bye
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BTCUSD: Bitcoin Next Significant Trade Points from HereBitcoin Next Trade Points from Here
Hard grind right now but hoping for a decent trade when we finally get a break of the bigger flat wedge formation - or larger triangle depending on the eye of each beholder.
Largely neutral inside the triangle though.
A break below 6529 on Bitfinex needed to flip short back to 6380-6337 range at least and more likely to 6122 again once 6337 is broken.
And on the upside initial resistance is at 6666 - once it moves above here it should rally to 6738 for a small 70 point scalp.
Depends on volume or lack of to make
the next decision from there, whether to stay long or close out....if volume starts to rise can risk staying long back to 6839.
The big break to the upside will trigger if this level can be retaken and held by the bulls later on today and into this week on rising volume.
It should then be worth following long again for 500 points or so to 7342 -7420 range.
But until we see the pattern broken we need to stay patient for now. It's been hard work the last few days. Hoping that patience will have its reward soon though and a decent trade will be triggered fairly soon as a result.
NEXTGEN energy crunchNEXT LNG GLNG SHI TELL
LNG prices not as hit by US-CH trade ware as thought as these are all take it or leave it 10 year contract energy deals.
If you can make it cheaper you make more. Floating refineries and floating transfer stations have cut out thousands of miles of pipeline and handling
costs. I'll let you figure that part out on own.
Fibretracement from 786 showing entry signal and quick 5 to 6.50 coming, or better above this 612 to 500 or above this. Strong volume and
potential here. Sorry for fib retrace values in crappy spot. Need to modify fond to bold, suggestions??
LNG gas expansion entryLNG gas prices becoming attractive and not at mercy of US-CH trade war 10% tax as first thought.
China leads the pack in LNG imports and has 10-yr contracts, wahahhaha.
LNG GLNG SHI TELL NEXT
Here shows a solid entry with strong legs from Fibretracement at 786 on love it the 1w chart and not as good on 1d chart, so more confident to hit higher highs from current $9.
LNG gas will do well provided ships run, weather good, but it's hurricane or monsoon season.
Target 1 over $12 and Target 2 more likely $15 up.
XBTUSD Bitcoin: Next Trade-Points Bitcoin Next Trade-Points
Bitcoin started to fall away as US markets opened yesterday - a risk-off day across most markets. It bottomed as markets closed. Perhaps Bitcoin is becoming so institutionalised that it will start to follow risk -on and off periods across major markets more closely as time wears on.
Too early to say yet, but worth watching to see how it correlates over time...
Anyway since the low around 21:00Bst 16:00Est Bitcopin has rallied in a little continuation pattern and looks worth buying on dips to around 6244 - but only for a scalp to 6300 - it looks like it's made 2 minor waves up inside the continuation pattern and should make 3 or 4 as the day the winds on. So would rather buy dips again rather looking for a sell right now.
But it will need some buying volume to force Bitcoin out of the the continuation pattern it's now tracking within. Will be interesting to see how it reacts when main US markets open. If it can manage to break the upper parallel of the pattern it should be worth following but volume has to start rising fast at that point to justify staying with it to 6373 initially and then 6547-6595 range.
Staying with upside potential from here, any break above 6600 at any point this week would be extremely bullish and trigger another long shot from here to 6790 to begin with and given more time back as high as the 7334-7400 range again.
That will all change if the 6238-6225 range and the lower parallel of this little continuation pattern gives way (stops below here).
Even then it looks only likely to fall to 6193-6170 - at least to begin with.
It should try to rally from here - unless a streak of red develops on rising volumes as it could well do - the pattern it's making so far is just a bear flag with 280-316 points of potential downside to 5918-5879 once 6195 gives way
The next minor support lies at 6114 and once this gives way it should then fall faster towards the lower end of the 5971-5880 range.
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.
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
ADABTC Cardano/Bitcoin Get ready to short the break lower againADABTC Cardano/Bitcoin
Testing support at 141 but still not looking to buy it.
Waiting for a break below 141 to short again back to 124
initially and then 903 and finally 60-57.
No coin is too low to sell if the pattern is strong enough to do so.
Best case scenario for this one is a counter-rally back to the
dynamic above it before it falls away again. If so will look to
short it from there instead.
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.
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.
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