GC - Gold...hmmmm...?!?Right side of the chart:
See how it broke the last time?
There was a retesting at the L-MLH (white) going on. Then in the middle it pierced the upsloping orange, dotted Pressure-Line.
Now, compare it to the actual situation...
One of my coaches in the earlier days always told me: "Before you cut meat, you must sharpen your knife".
In Trading the Grindstone is called "observation". Let's learn to earn...
P!
Observation
ARK Watch!!!!!!! 2018I am currently in a position to grow thy BTC digits. I chose ARK because the signal finder had all indications of potential "breakout" or at least a decent up trend. Thanks to BTC Trading Challenge for the tips.
ARK is a coin that does something and blockchain, blah, blah, blah.... Stuff. I am NOT fundamental on this (OMG is a different story). ARK is just a potential to increase BTC, for me.
On the 1D the 50 day MA seems to prop it up. Thought that was worth noting. The pitchfork has it in channel to gradually grow, testing fibs and levels but I will continue to watch that 50 day MA. If anyone has any tips on other indicators to watch on this pair, it is appreciated.
Neutral observation of BTC, based on previous BTC bearish chartThis chart is a republished chart of my previous btc analysis that was about shorting it. Due to the chaos, I decided not to predict the price, but just show the key resistance and support points so that you can decide for yourself.
Let me know in the comments what you think and if you want me to analyse a certain coin.
Happy trading!
Observations of VTCThe 50 EMA acts like support, plus the support trend lines. The 20 EMA needs to stay above the 50 EMA for VTC to stay bullish. There is a bullish divergence, which signals VTC will go up. I think it will hit the support line one more time before going to test resistance again. However, one indicator doesn't make the market, so the other options are: falling through support and acting out option 3. Option 2 is the bounce off the current support line. Option 1 is straight to the resistance line. Option 1 is also likely due to the double bottom it recently had. However, the last big red candle seems an indication that the bears hadn't had their fill yet.
How long will NEO continue sideways?Anyone observing NEO over the last week or two is aware that it is being artificially held in place at it's current level. But WHY?
A few minutes of watching the Bid ledger makes a few things obvious -
1. The bid of $813.600 is simply there as a bookend to help drive the bid up. It will move up and down with the current bid and will always reposition itself lower in the ledger before it's possible to sell against it.
2. There are multiple Bids of 1000+ NEO placed in the buy ledger to prevent a quick fall from occurring. Unlike the $813.600 bid, these amounts may be actual valid bids and sometimes DO satisfy Asks, but often are re-positioned lower if if there is sufficient downward market pressure.
3. There is a tremendous amount of activity going on in both ledgers even when there is ZERO volume. This is simply bots submitting and canceling bids to make it look like there is a lot going on. This isn't at all unique to NEO, however I've never seen a coin being controlled for such an extensive amount of time.
When will normal trading resume on NEOUSDT? I would love to hear some insight on WHY someone would be controlling NEO for this long, and who benefits from it? This isn't a typical whale accumulation since the price is usually driven UP before being held in place, and it's not a pump since there isn't strong upward force unless it drops below the average amount for the day.
Possible Short opportunity. Analysis for XAUUSD illustrates the zones of resistance needed to overcome; to eye 1296 per troylee ounce. As of 1.30am today 8/18 i am under the suspicion this bullish momentum may exhaust right here.
A break and close above 1289 would be a better look. but that may not happen. And if not. We may shed slowly to 1260 before another run at it. I am still observing this pair. So i have no trading coordinates at this time.
DXY Observation. Upon observing DXY i was able to notice, a descending wedge formation.
Within the wedge formation are smaller resistance and support zones.
As illustrated above, aggressive buyers are present at 99.-- range.
There is a lot of High impact USD news to come out Friday. 4/14/2017 Forecast predicting bad responses to Consumer Price Index.
I am suspecting 100.78 resistance. Price action may turn into bearish momentum once again, and drive the price down. I am expecting 99.99 or less under the next bearish momentum.
Fundamentals may go with or against this idea.
DXY Observation DXY Observation being done to help verify my XAUUSD Short Opportunity. DXY being the adjacent pair to gold. Makes for observing opportunities.
If DXY continues to show bullish activity and breaks the price the resistance structure of 100.65-.70. It will verify my short position in XAUUSD
I am not opening a trade on this Index.
EURUSD Continuation Trading set-up For today.Yesterday's close once again confirmed EUR weakness. Offcourse some of the traders are experiencing discomfort with not being in it :) As far as I can see, the price is showing us a 1H weak reversal signal (do not use it) which is giving us a possibility to sell by a better price.
Sell Levels:
1.0825
1.0900
SL > 1.0900 (maximum, in case of 1.0825 Bouncing - use >1.0875 area)
1TP - 1.0725
EURGBP M (Long-term) Key AreaThe Price is at the very strong support area. The bounce of this area is highly possible mid-long term .
In case on a "Bounce" Scenario - the 1st target will be at Weekly 0.7750 resistance area.
The break towards down is also possible, but have to be confirmed with a price action,