Get started

ON

DASH: DASHUSD Breakout looming - waiting on BitcoinDASHUSD Dash really wants to blast higher but Bitcoin is holding it back, still. Bitcoin has to break above its own last line of bear defense, the big parallel (see chart) to break free and run much higher. Dash's problem is the line of defense that has built at 1206 over the last 16 hours or so. Can keep buying dips here to 1160 and selling off 1200 again to get some points together for stops on next big trade here...which comes once 1206 is broken through looking for a retest of the highs with stops under 1150.
BITTREX:DASHUSDLong
by sumastardon
BCHUSD Flag Formation: Next long set-up on breakBCHUSD Update What a difference a week makes. Within hours of the last comment BCH had fallen away to a low at 1631, 7 points lower than the perfect entry point at 1638, before ripping 300% higher in 6 days flat. Facebook eat your heart out. Now it's in the process of making a flag formation which will stay good so long as the rising dynamic from the beginning of the move holds up price on all tests. A break above the upper parallel that's containing this downwave will be worth following for another retest of the highs... And on the flip side of this particular coin, if that dynamic from the 'lows' at 1766 gets broken at any point now it will then fall away further down the same parallel to 2420 where it should bounce once more.Although it looks more likely to break up rather than down from here, we don't really have to second guess this right now. The chart will tell us and we can follow.
BLong
by sumastardon
2
Litecoin: LTCUSD Raise stops nowLitecoin Update Well the buy point on the break of the parallel was OK but the rally has been disappointing. Pin bars scattered around 92 and under show interest but stops below 91 will have been hit unless you delayed for the second buy point. Very annoying. That pin bar showing off the high today is not good. Either raise stops to 95 or can take profits here for 5% win at 97.5. Would be ideal if it came back to 92 again to buy once more with stops
BITSTAMP:LTCUSDLong
by sumastardon
4
BTGUSD: Back in the next Buy Zone on next pull-backBTGUSD Update Buy on next Pull-Back Not a good last call here. BTG did bounce from that old parallel but it only reached 313, well short of target at 320 before failing - badly. Stops were tight here so small loss, thankfully. Imagine if no stop...how bad would you be feeling now? With a stop we have at least avoided the pain that goes with a position that's sliding away from you, stops you from playing other Alts and wastes emotional energy and drains the spirit. Bad call, but it could have been REALLY bad. Look at that failure - once it loses the parallel it does that thing...comes back looking for support at the top of the nearest structure to its left. If cannot find it, it then comes back to the bottom of that same structure. Which brings us back to now...BTG is now a speccy buy at 254-248 range - better if it stops at 254 but could spike to 248. Stops on buys at 254 need to stay either very tight under 252 or under 248. Initial resistance lies at 269...needs to clamber back above here and hold for a move back to 282..it's bouncing now as this is written...and is already back at 269 (up 15 points or 5% in 10 minutes! Damn...watch to see if it holds up off 261 now on the next pull-back and then go long here - stops below 254 for move to 281where it becomes a sell again
BLong
by sumastardon
1
BITCOIN: BTCUSD Approaching highs - raise stops nowBITCOIN: BTCUSD A fantastic day for bulls of Bitcoin has seen it rally back towards the highs. No stops we hit on longs and after problems gettting long here on Thursday and staying with it before stops got hit. Friday was kinder, steadier. We are many hundreds of points to the good here and need to protect profits now...See those 3 fantastic continuation patterns it hammered out during yesterday? Two strikes = 'hot' . All three times. These are the signals we need to familiarise ourselves with for the future..if you can spot these you have a key to the future...For day traders the nearest support is close at hand, at 11050 - failure here will mean a quick fall to 10970 - and should that fail it will comeback to 10638 where it becomes a buy again. And if Bitcoin can hold up here at first support/11050 it will then go on to test the high at 11390 - look to close out longs here and only re-enter long on a break of the highs by 90 points looking to buy again on successful retest with stops below 11200. Swing traders who got long from much lower (9400-9500) are showing about 1600 points of profit now in 25 hours ...use 11000 as a stop, just under and buy back at 10640 if stopped out now. Day tarders can use the upper paraallel of the top flag on the chart ...just UNDER 11000
BITSTAMP:BTCUSDLong
by sumastardon
4
BCHUSD Buy points on weakness coming upBCHUSD This looked crocked yesterday. What happened? Don't need a weatherman to know which way the wind blows. A chart will do that for us. Should come back to 1180, maybe spike to 1124. This is what we've really been waiting for isn't it (you were not long, were you anyway) So sling an order in at 1180 and leave the stop below 1124 or put one in at 1126 with stop below 1124 by at least 10 points. Maybe it will come all the way to you, and no further. It needs a full flush. Maybe we'll get one.
B
by sumastardon
Bitcoin Update TeeteringBitcoin Update Respect: The approach to 10,000 Just 45 points away from a historic landmark. Surely Bitcoin is respectable now. Is it a raging, obvious sell just below, like right here? There's bound to be selling here - the question is will it all be mopped up or will the big number naturally spook the market? It's Bitcoin. who can tell? So, as usual we follow what the chart is saying...it's been flirting with the parallel all day, now moving into the lower extreme in the narrowest of ranges and pretty much sitting there: trick or treat? It needs a very daring buyer at these levels: who will step forward? No one. Who will sell? No one. IT cannot remain stale mate forever. It sticks to the parallel and grinds higher but we need a plan B in case it loses it's nerve under 10 and falls away for lack of buyers. If this happens it presents a chance to buy Bitcoin from lower down again. So here, as best as can be laid out in the circumstances are the most obvious buy points (with stops) if we do see a decline from close to here: So long as Bitcoin hugs the parallel it is impervious to attack, it cannot be attacked by bears, and when it does the first support lies at 9700. This is quite a good place to put a stop, just under, for long -pull traders and swing traders who bought much lower down towards the start of this month when this chase really began in earnest. If at any point 9700 gives way it should fall to 9365 at least (a good short with stop above 9710 if we see it) and quite likely to 9035-8966 range - a buy with stops below 8940. The next major support below here lies at 8345 - another buy point if ever touched with stops 50 points lower. That would be the perfect entry long, all in! Will we see it? 20% chance maybe. Worth putting an order in. We may never see it. But 20% is still worth putting an order in, just in case...
BITSTAMP:BTCUSD
by sumastardon
5
BCHUSD Underlying very strong consolidating above old structure BCHUSD BCH Dollar Risk and Reward Approaches Consolidating gains above old structure - really strong looking and likely to turn up again soon. Ideally it will come back to 1516 and maybe 1461 but looks so far like 1516 will be the lowest it will go. Stick an order in with a stop below 1440. Or stick one in at 1446 - less chance of getting struck but also lower risk with a stop below 1440. And it may even turn from here around 1548 as there is a little support here too...up to you...if you can handle the pain of potential drop to lower levels and are prepared to leave the stop below 1440 it's coming so close to grabbing some, a small position. It can also travel all the way to the lower parallel by moving sideways to mildly down (ideal situation) but we may not see that. Either way this coming very close to buying. Different options depending whether you are an old bull prepared to wait or a younger bull who will sometimes be spot on and sometimes will jump the gun a little. Whatever, it's close to the lows now with 150 max downside and 450 upside, probably more longer term.
B
by sumastardon
1
BITCOIN: BTCUSD ON the brink of the next abyssBITCOIN: BTCUSD On the Brink Right Now Testing the first support 6425 range. Day-traders will be closing out again here, looking to see if selling power wanes ...don't think so but it could create a little counter rally from 6425-6400 , with 6400 being the exact point where the medium term trend line stands right now - and if it does, it should get stopped by the parallels above it which look to be controlling this descent now (couldn't get a grip on those yesterday, because the all-time high was screwing up any symmetry in the chart)...it's breaking now right on to the long term trend line at 6400 now...it's really thinking about it here, looking down and trying to hold up...but no one's buying are they? It's just selling has stopped here, understandably - itFailure here will seal the next stage in Bitcoin's descent - It should fall away to 6312 at least, make a feeble bounce maybe and then fall away further to at least 6165, and then 5997...last gasp support here at 6000 so it should try to pull back from the precipice for a while, and make some kind of getaway here...if this then fails Bitcoin will start to fall in a near straight line back to 5121-4973 range. It's extremely weak whilst trapped within the parallels that are bossing this wave now. Any return to the upper parallel should be viewed as another selling opportunity for now until downside targets are achieved. More as this move develops.
BITSTAMP:BTCUSDShort
by sumastardon
3
Bitcoin:BTCUSD Raise stops nowBitcoin: 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 this range it's not a bad idea, looking to buy from lower down again or alternatively increase once 7600 (TYPO IN TEXT ON CHART, not 7900 repeat not, breakout is 7600) is broken on the upside (whenever that comes). or use a stop under 7430 to trap in nearly 300 points profit so far) Near term support at 7430 for day-traders, a break below here should see further declines to 7347 to begin with...so suggest a stops as above looking to buy back at 7350 area if tested...but with a stop under 7350 by at least 10 points, because if this level is broken on downside the it will hit 7270 most likely, if not the next listed support at 7137 before bouncing again. Swing traders who didn't catch the break above 7137 last night are advised to sit tight for now, awaiting a break above 7600 to go long with stop 60 points below to begin with.
BITSTAMP:BTCUSDLong
by sumastardon
Bitcoin: BTCUSD One Chart of most excellent parabola in historyBITCOIN:BTCUSD One Chart of the Parabolic Baby At the moment it's found support just above the supports shown on left hand chart and trying to fly higher - it needs to take out 7500 now to stay positive... if we see it falter and fail just above or just below 7500 then we have the first sign that a turn might be approaching fast...next sign would be a breaking below 7061 and a fall below the rising support line shown on left hand chart. Only at that point will the near term picture start to turn negative for Bitcoin. It should then fall back to the old highs around 6165 - to the rising support line shown on right hand chart at around this level - that would be the perfect entry point for those wishing to ride this tiger...time will tell.
BITSTAMP:BTCUSDLong
by sumastardon
1
Spanish Index 7 to 1 shot: IBEX Break above 10470 =11180 targetIBEX Index: Woes over Catalonia haven't really damaged this index at all. Because it ain't going to happen. They have no currency. End of. Anyway, whatever happens there, charts don't lie (more than politicians anyway). This index has been making a classic 6 month continuation pattern before it bursts higher again. Don't want to get sucked in too early but that's the way it's looking so far...if pattern completes as it should, get ready (set alert) to go long on a break above 10470 for a 700 point rally to 11180, using a stop placed about 50 points under the upper parallel, or as per comment
TVC:IBEX35Long
by sumastardon
Bearish Outlook on BondsHey viewers. Just did a quick analysis on bonds and figured I'd publish it. Let me know if you think these are good info. I might make a habit of publishing my analyses in the future. There's a chance of a breakout from the range I drew, but in such a case I wouldn't personally buy because the stock would be overextended. I would only play this on the short side if I see a red candle at resistance. Then, any close above the resistance would be a stop for me and would be only a small loss on my portfolio. Cheers!
NASDAQ:TLTShort
by ruli-92
BITCOIN BTCUSD Update: Still more to comeBITCOIN BTCUSD: Update Although it's just hit the next upside target at 1947, exceeding it with an intra-day high at 1955, there is still more to come. Price action over the last week (which we were a part of on the short side at the time, see comments) has shown that Bears don't really stand a chance here. We really had a go last week - and all we succeeded in doing was to knock it back to 1615 target...the old high! A sign of a very strong stock. Case closed. No more bear attacks until 2137-2140 upside target is met now. Bulls are pushing on an open door. There are no more bears out there...for now - they're all licking their wounds and won't be out again anytime soon. Look to pick up more longs or re-enter the market as per comment. One of two entry points: The second may not get hit though, so watch how it behaves as it hits the parallel...
BITSTAMP:BTCUSDLong
by sumastardon
DXY: Dollar Index: testing critical support at 97.43DXY: Dollar Index has come back down to retest the recent lows at 97.43 - support extends down to 97.33 - so some kind of a fight should be expected in this range. The pattern is bearish, still (so only a speccy buy for contrarians with a stop just below 97.30) but be aware that a fall below 97.30 will tip DXY into full-on bearish territory again, signalling the next phase of dollar weakness back to 95.93, then, once this fails, to 95.02 (about another 2.5% - same as the last decline). Minor support at 96.90 could trigger a weak rally attempt back up to 97.3 during the early stages of this decline. London's waiting to see if NY steps in here to defend $...if it doesn't ride to the rescue around the open it will show that right now the Dollar hasn't got a friend left in the world...it should start to fall away as quickly as it did on the last decline at that point (barring possibility of a minor bounce at 96.90, as above). Go long Euro on the other side if/when this trade gets triggered (see Euro comment)
TVC:DXYShort
by sumastardon