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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
BTC New Rocket? Sub Daily I am neutral. Daily I am definitely leaning bullish. Analysis: In most of these downtrends with BTC you see several triangle consolidations, and they become more visible with the Heikin Ashi. Right now we are breaking up out of one. Moving Averages: On my 8HR Heikin Ashi I have translated 50+200 Daily SMAs as well as 50+200 4HR EMAs. All MAs are consolidating. The 50 EMA could create a nice rejection off the 200 EMA indicating bullish movement. The Daily 50 SMA was pressed, possibly indicating a reversal. Pivots/Fibs/Support/Resistance: Monthly Pivot was breached but only recently. Weekly S2 was tested and held well. Previous resistance zone 6850 and local Fib might be turned support now. TD Sequential: Daily had a fairly gentle decline, and 8 HR Heikin Ashi put out several bullish indicators recently.
BITFINEX:BTCUSD
by A1phaBoss
DJIA Dow Jones Industials - Beware the Head and Shoulders DJIA Dow Jones Industial Average Futures: DJIA1! This was a great short overnight on the break below 25257 line for a fall to the next line at 25094. It fell to this level exactly. Perfect, technically speaking. It should now make a rally attempt back as high as 25245-25257 range at best before it falls away again. This price action would also form a head and shoulders on this index with a 451 point downside target at 24643. Interestingly there is already fixed support waiting for it at the 24641 line. Look to short the counter rally and if this fails from lower than we ideally want it to will have to short on a break lower than 25080 with stops at least 30 above. *For fastest Updates on major markets in real-time through the Summer holidays please check link at top-left of main page. Be lucky !
OSE:DJIA1!Short
by sumastardon
1
ETHUSD Still Beating Bitcoin - Even on a Down DayETHUSD Still Outperforming Bitcoin ETH rallied just under 100% from the resurrection day lows at 360 to high at 713. In that time Bitcoin rallied 50% or so. Today Bitcoin is down 3.7% at moment and Eth is down 2.9%. That's impressive price action by ETH for sure. So far at least. It should be double that decline but it's less than like-for-like. Whatever the current ratio, it still moves with Bitcoin - which has hold up at 8800 for ETH to stay overall positive too. At the moment despite losing the lower parallel and tripping over its edge Eth is holding up off the first support line at 625 - it's ralled from just above the line towards the underside of the parallel and been rejected. But it looks unlikley to break lower still unless Bitcoin in turn breaks below 8800. And if so, Eth would be likely to fall to 576 and the lower parallel of a potential flag in the early stages of formation where it becomes a buy again if tested with stops below by 5 points or so. Returning to the upside any break above the upper parallel of the nascent flag formation at 693 now would be very bullish and signal further nearer term strength to 869- 89. Eth is still outperforming though, as today's price action confirms.
BITFINEX:ETHUSD
by sumastardon
NOW - Negative downward momentum short from $167.23 to $134.23NOW seems forming a negative downward momentum setup along with negative Twiggs money flow divergence. It also has Plenty of selling but mostly around 5-20%. We think it will decline from here. To Play this August $150 Puts don’t look bad. * Trade Criteria * Date First Found- March 23, 2018 Pattern/Why- Negative downward momentum short Entry Criteria- $167.23 (Hit March 23, 2018) Exit Criteria- $134.23 or 200 day moving average. Stop Loss Criteria- $178.23 Indicator Notes- Strong Twiggs money flow divergence Special Note- Plenty of selling but mostly around 5-20%. August $150 Puts don’t look bad here. Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:NOWShort
by AcornWealthCorp