Bitcoin: BTCUSD This should stay fluid for a while yet, giving day traders a great space to trade in... a break below 6000 for a move back to 5747 (can take 200 or so points on that long from 10 minutes ago now if you want...just trade from line to line shown on the chart...we're looking for a double bottom today to sjow loss of downward momentum and give a...
Bitcoin: BTCUSD Update Quiet: No Buyers/No sellers, yet So we got the rally from 6300 - the 6312 level has been constantly mentioned recently as a minimum downside target. And it so happens that 6301 is 20% exactly from the high, a text-book retracement. So am thinking that we need to pay it a little more respect next time we visit it, when this little counter...
Bitcoin: BTCUSD Still marvel in amazement at the classical way that this thing behaves...It is a text-book chart of the future for absolute sure. How long can it go on ? Time will tell..no stops at 7830 and above have been touched, so we're still riding this monster as she dives deep, and so far haven't been thrown off her back There is minor support at 6445,...
Bitcoin: BTCUSD So far only Corrective/Continuation Running on Empty Bitcoin has at least rallied from the double bottom fake-out low this morning in London but the rally has been feeble so far. Since the low it's formed another little parallel with a bearish upslope, though it does at least have a few pin bars forming off the lower parallel, showing some...
Bitcoin: BTCUSD Upload Limit keeps triggering so will try to cover next few hours here, not minutes, which is not exactly easy at best of times... So far so good: support at 7346-7350 has held up well and stops remain good, so far...It's likely to keep running into profit takers in the zone from 7500 up to the highs at 7590 so if you want to close out in...
S&P 500 SPX500 Short Position Update Lowering stop to 2588.7 on short to 2588.9 (to break even if this trade goes wrong from here), but still looking for 22-23 points downside to 2578-2576 from 2589 entry point if right.
Bitcoin: BTCUSD 3 minutes too late... The fall from the right hand shoulder peak at just below the next long trigger at 7425 has been greater than expected for sure. Any stops under buy orders at 7250 have been blown away. Not good. Any day-trading profits from upside earlier to 4725 neck line now reducedby the bad recent long if buy orders at 7300 were...
Bitcoin Update The reverse head and shoulders pattern is clearer now.. Right on the breaking point now and therefore vulerable to a failure here...but it looks good so far... Because the H and S pattern is clearer it also gives a clearer measurement target on the upside once 7425 is beaten: 77333 is the minimum measurement implication of this break, if and...
Bitcoin:BTCUSD Ride It now and let's see where it takes us next... So far, so good...low at 7332 so no stops should have been hit with the cavalry arriving just in time...so now for Bitcoin's next trick...pin bars from thenew high show there's some serious profit taking going on and it should come back to the break-out level yawn, in text-book fashion again?...
Bitcoin: BTCUSD Don't like this pattern very much. That bloody trend line just won't quit ... running out of near term momentum potential. Decision time: depending on what type of trader, day or swing or long-pull; Day-traders stick a stop right under it, around 7320...next stop at just under 7300 and final stop remains under 7250 for now...it really needs a...
Bitcoin: BTCUSD Half-Time NOW you're stalking Football half time and Bitcoin has just broken above that old trend line - and nw it's coming back to test it from above ...so cool, so far...it should dance between the line and fixed support potential at 7350 ....the old near term resistance becoming support...as you were writing a text book and the stock just...
GBPUSD Neutral now awaiting next signal Price action over last 12 hours has seen Sterling break below the lower parallel, thereby breaking the staggered uptrend that's been in play since the turn of the year. It doesn't look good for GBP but the game isn't up quite yet... Right now this pair is neutral: Need to see a break below that support line at 1.3021 to...
EURUSD The upside target for EUR has been hit at 1.1648-1.1665 after an intraday high in London at 1.1653 for a 140 pip win. Now it's time to reverse the position, as per comment.
My analysis founds the same patterns are happening again. People have the same orders in the market; they are looking at the same resistances and placing stop losses at the same target zones. Use this to your advantage. Don't forget that orders drive the market as well. The majority of traders don't have imagination, therefore they trade based on what happened in...
Opportunity on the 10th for up to 13% profit if it follows the floor resistance at $50.1 USD. Short at $57-$58 on the 13th.