I see almost everyone going short on Litecoin. I've decided to become the contrarian voice crying in the wilderness yet again. I've just picked up a boat load of Litecoin at $50 even. I expect Litecoin to continue to trend up this month (more analysis on that at a later date). My guess right now is that Litecoin will hit $60-75 by the end of the month. But for now...
Check this out! After breaking through our $2420 support, I became a bit nervous. We only had one more stop before the floor fell completely out and that was at the $2330 area. Fortunately, there was plenty of support to hold us today. We had the bottom of our channel, the 50 day MA, and the bottom of the Bollinger Band all holding us up at the same area. We held...
CHARTDESCRIPTION If the (ETF) AEX will break this level i only prefer to go long if the RSI, MACDI,(Slow) Stochastic and Bollinger Bands will give me a positive signal. I'm on this moment concernd about the level we have reached, because there are many signs that the current stockmarkets are overvalued (for example the new ticker SNAPCHAT wich is to much...
While GBP/USD swiftly bounced from it’s brief foray below $1.20, price has once again been capped by the range that you can clearly see in the daily chart The upper level of the range is definitely acting as resistance and the way it held again back in the first week of February puts Cable in play for shorts. Just keep in mind that it’s a 700 pip range and we’re...
If we look at the figure we are seeing some high correlation between the Forex Gold and Diamond versus the Futures S&P500 and Nasdaq. Prediction: this month Gold, Diamonds, S&P500 are going down Prediction: this year Gold, Diamonds, S&P500 and NASDAQ are going up How is it possible that there is some correlation between them? (my opinion) You mostly find gold and...
Price has been bouncing off the 0.9880 area for the last couple of weeks now. Finally, it has broken through. Also present is some divergence which can be seen using the MACD indicator and also the "rounding" of price. I have entered at the 0.9888 and am looking for a nice move downwards. My stop loss is just above the previous S/R area. If price pushes above...
Looking at the 4hr XAU/USD chart, I saw a nice bearish outside bar (BEOB) right at the longer term descending trend line. We had a small false breakout and a strong close below. To me, this indicates a move lower with the overall trend. I entered on a retrace to around the 50% Fibonacci retrace which is something I don't usually incorporate. I'm hoping we break...
Short term targets on the downside, however key levels based on the Monthly chart 1.2000 looks ideal. I believe price would reach 1.100 levels. If the trend line is breached then we can see further downside targets 1.0500 then lower. However, once my short term target of 1.10500 is met I would be then waiting for PA confirmation for the long set up to 1.200.
Ladies and gentlemen, it's about time i come clean here and share with you my secrets of success in trading the stock market. It is no secret that many expert traders make outrageous claims about the market not being perfect and that it can't be predicted, and that it will always be 50/50 percent chance of success and failure. Well rest assured that their claims...