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Bitcoin: BTCUSD Key levels today -7717 the likely pivot for dayBitcoin: BTCUSD Update Range trading for now but overall positive above 7717 A good space for day traders, trading between the lines of support and resistance, which continue to work quite well, so far, just as they have done over the last couple of weeks now. But for swing traders Bitcoin gave the first unreliable technical signal for quite a while - that break below 7531 was the first heart-breaker, the first time this beautiful creature has let us down, technically speaking, for a long time...and it's looking more and more false as each minute ticks away now. Day traders at least had the next support line at 7426 to close out shorts, but swing traders looking to short off the next rally back to 7531 (with stops 50 points above) - a technically sound trade - will have been swept away. Apologies. Even more annoying, with all this price action overnight there was no guidance to get long again and buys at 7531 had already likely been stopped out - so many have missed a large part of this move up from 7531 now, me too, and it's extremely frustrating and annoying. Occasionally Bitcoin can mess with the best laid plans for the weekend. We are where we are. Back on the trail. Looks like it will grind away to the top at 7990-8000 again. Thankfully it's trading back above 7717, the freezer lid level which will continue to play an important role this weekend. Whilst above here Bitcoin is still wanted, but under that line not so much. As bears won the day in the end yesterday and China did indeed drive the price lower through the first couple of hours of their session, but that break below 7531 screwed up a perfect entry for this next challenge on the highs. Damn. Move on. Play the range on low volumes or await a possible break above 8000, which will need high volume to make it happen. Probably only Chinese buying power can achieve this over a weekend, so the first couple of hours of their seession could pay dividends, maybe... Bitcoin is positive above 7717 and whilst above here will try to grind towards the highs where it becomes a sell again for day traders playing the range. And if at some point we see 8000 broken, it should be followed, as per weekend breakout (last comment). The space between 7717 and 8000 belongs to day traders. As is the space below 7717 down to 7531. So 7717 is now the likely pivot for the day - should this fail at any point later it turns negative again in near term back to 7531 - where it becomes a buy again with stops 50 points below. Because of that signal break below 7531 it makes 7717 even more important for Bitcoin from here. It really is the freezer lid today by look of things. All good above, potentially turning over into bad below.
BITSTAMP:BTCUSDLong
by sumastardon
8
NAS100: NASDAQ 100 Looking positive for week aheadNasdaq 100 Index NAS100 Nasdaq throws a lot of similar shapes to Bitcoin whose consolidation periods tend to last a few hours and no longer than 2 days maximum, but here the continuation patterns last a minimum of 2 days (last one) and more usually 8 days and up to a month. But the shapes are almost identical. Fast, sharp declines over 2 days, followed by an immediate rally into new high ground are a sign of a very strong market, usually a confirmation signal of further strength ahead. In addition, the pattern carved out on the chart over the past week is a clear flag formation with a minimum upside measurement target at 6472, and could easily extend further to 6515. Look to get long for the early part of this week at least: Initial support begins at the recent high at 6282-0. Whilst it can hold up here this index is extremely positive...so long as this level holds tomorrow Nasdaq is expected to have a stellar week ahead. It's a buy with stops under 6275 for a 20 point loss if wrong. Or wait for the open on Monday to see that 6275 holds up first...but it may have gapped up by then. If so follow it, though with stops still below 6275. And if this trade goes wrong and 6275 fails to hold at any point between now and the open it's likely to drift further and then perhaps come off on the open to 6246 (at lowest a spike to the upper parallel just below here) before rallying strongly again. That looks to be worst case scenario, which looks less likely than a gap up as things stand right now. One other way to enter the trade is to put a buy order in at 6283 and hope it gets struck overnight with a tight stop 11-15 points under for small loss if wrong but 200 to 300 - points upside if right. If it gets stopped out look to re- enter again around the open on any further weakness in the first 5 to 30 minutes, ideally towards 6246 and a tad lower - but this is only likely if 6282-6275 gives way. Don't think it will for what it's worth...let's see For more on Positive 16 Year Cycle: Dow-and-S-P-500-DOWI-SPX500-Super-long-term-Chart-and- analysis/
FX:NAS100Long
by sumastardon
Something has to die in order for something new to be born...BTC"And the fact that bitcoin is consistently growing in its use and its value has to say something — Sure it will rise and fall as all new technologies are. But at the same time, it is certainly not a fraud." – John McAfee "Guys like Dimon believe they own the system — They are the great intermediaries. The masters of the monetary universe. No one gets in the system or out of the system without their knowledge and permission. So it has been for thousands of years — Bitcoin changes all that." - Jeffrey Tucker "The bank CEO (Jamie Dimon) who had to pay $13 billion for causing the housing crisis just called Bitcoin a fraud I've literally seen it all" twitter.com
BITFINEX:BTCUSD
by berkgeorg
$ADSK trend continuationhigher time frame is in defined uptrend with healthy pullback mid time frame is showing a rising ma after minor accumulation and weakening downtrend breaking out of downtrend line with positive momentum and volume pressure lower time frame is showing positive strength after price was overextended and pullback to intermediate moving average and working it way back up looking for price to break through the 106.1x resistance area and first target to 106.7x for a break of that resistance higher
NASDAQ:ADSKLong
by inco1
rai inverse head and shoulder breakouthigher timeframe showing strong uptrend and excellent trend strength intermediate timeframe showing trend alignment and showed the breakout of resistance area 67.0x area after completing inverse h and s pattern with strong positive volume pressure measured move from head of pattern to neckline is a .55 move which should give projected target of 67.55 and extension level .618 at 67.8x area consolidation in this previous range should provide enough momentum and relative strength has room to run setting stop underneath breakout candle in case of a false breakout move
RLong
by inco1
$vod breakout lookout-long term trend- uptrend and showing strength -intermediate timeframe shows trend is in an uptrend but slightly flattening -volatility is contracting.. pressing up on resistance area of 29.9x -not paying too much attention to rsi here because of stock showing strong trend strength. -positive volume pressure being applied -shorter timeframe is showing price action in a symmetrical triangle with a .20 measured move- which would lead to the break of resistance area up to 30.0x -cautious to the possibility of a false breakout- entry at 30.05 and setting stop at 29.71 gap low -once resistance is broken extension level/profit target set at the .618 level of 31.67
NASDAQ:VODLong
by inco1
crm looking for retest of 91 area support--daily time frame is strong..rising MA's and adx is showing strength in uptrend -intermediate timeframe showing strong uptrend with bulls in control on the steep impulse move and rising MA's -looking for a shallow pullback to retest 91 support area and entry -stop loss set at the intermediate term moving average -reaching support on trendline for rsi in upward trend -volume showing positive pressure and showing strength -looking for a nice pullback and bounce and break out resistance area of 91.82 -riding trend but paying attention to what the price action is telling me
NYSE:CRMLong
by inco1