Regression-trend-channel
The Game of Charts- The best time to go long #BTCUSDLONGSBITFINEX:BTCUSDLONGS
"The chart speaks louder than words"
Time frame: Daily
Sentiment: Bullish (long)
Daily bitcoin technical analysis with fewer words and more information so that you can have maximum information just with a glance without wasting any time.
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This is purely a technical analysis and it is to be used for educational, entertainment purposes only. This is not a financial advise to buy or sell Bitcoin and I am not a financial advisor. Do your own research before investing.
The SPX Maintaining a Consistent Trend: More Upside?Looking back to 2016, the SPX has maintained a consistent trend. Thanks to the bounce on Friday we are now targeting a move back towards the highs.
2,800 is the first key target then the top of the channel is 2,900.
A strong showing on Friday has helped save us from a short-term sell-off.
AUDUSD - Respecting Rgresion Trend Channel - Long Opp As highlighted in the chart , the Aussie has been trending in a nice bullish channel on the weekly timeframe since Q3 2015 and we are currently seeing a test of trendline support which was last tested in December 2016 and preceeded a bounce from 0.71 to 0.76
Looking forward from today it would not be unrealistic to expect rates to cross the centre line which would take us to 0.786 as an interim target with max target currently 0.82-3 based on the grad,if we project forward using the angle of the last wave up we could expect to reach the target in 12 bars (84 days)
If we see a breakdown below the sloping support line then the author suggests stops to be placed just under the May 2017 dip (0.73285) which will give a risk reward of just above 3:1 on the trade , in the event of a drop below the trendline we'd like to see to see a strong bullish engulfing candle (see the Jan 2016 dip) to retain conviction in the trend dynamic.
Summary
Buy at Support on the regression trendline, initial stop at 0.73285, target 0.82-3, trail stop on close above centre line
BITCOIN: dump over??? close at 8500 and target at 8800ok dear crypto community.. was a rough week!
After this almost crash dump we see a bit light here. We closed at almost 8500 and now we are looking at the next target of 8800k BTC. This of course is only a short term trend analysis. We could also have a set back to 8100 levels before taking a new upwards trend to 8800 and 9k.
This crash was initiated cause of further mt. gox trustee movements of btc and bch. Few 1000 bitcoins moved out of the cold wallets released again panic on the weak part of the crypto traders.
Also pay attention to RSI movements. As you see, before the crash we had an upward regression trend but a downward RSI movement which indicated that a negative breakout would be more likely than positive breakout.
Well lets see where this is going. Maybe too soon to determine something here, the manipulation is insane tho, couldn't blame anyone for staying away from this market. Only a 2 to 5 trillion total mcap could prevent this kind of manipulation.
BITCOIN: expected retrace from the 10k lineAs many predicted.. if we dont break the 10k line we will have a possible retrace down to 9.4 - 9.6k.
Im glad the support there did hold for now. If the regresseion trend patterns will repeat, we will observe a 10 to 15° uptrend for the next 3 to 5 days.
That means we will break the 10k (psychological barrier) in the coming days. I expect a small retrace down to maybe 9.8 - 9.9k BTC after we saw 10.2 to 10.3k.
My target of 10.4k - 10.6k still remains valid for the coming consensus 2018 conference mid may. Check out my other published ideas for this.
Im bullish on btc and the crypto market as a whole. I think.. the moment we break 10k and can hold it, will be the signal to go pass 11.6k and close this massive double top (20. february and 05. march ) for sure!
YNDX long ideaI think YNDX presents an attractive entry at its current price. The stock has been trending upward since late 2016 (see regression channel). Yesterday, amid broader weakness in Russian names following the US-Russian dispute over alleged gas attacks by the Syrian army, YNDX dropped from the middle of its regression channel all the way out. Today that weakness continued and the stock is now at a 61.80% retracement level of the runup during its almost 18-month bull run.
Besides the Fibonacci level, there's past support in the horizontal rectangle stemming from its 4 months consolidation in the current price range, late last year.
My idea would be to go long YNDX around today's closing price, with a stop around 32.50 and a target of around 37.00. My rationale would be this: Given the strength and duration of the past momentum in YNDX, I would be surprised to see the stock roll over without an attempt to recapture the bottom end of its regression channel. If the stock would remain in the horizontal rectangle for more than past the end of next week, I would close the trade, as momentum would likely have dissipated by that time.
Now should I jump on the bandwagon or still tood late?Nike has been a sensational investment because it is phenomenal brand with high-quality products led by a skilled management team. However, it is not a moat-wide company, being under pressure and up against competition like ADIDAS. However, despite declining growth rates and margin prospects the stock has jumped from 52USD to 66USD.
Based on the concept of relative strength according to Levy the stock is not ranked in the S&P 500 amongst the top 100 securities (with a RSL value of 1.01). You can see that the stock has lately left the trend channel, but at once reversed back, meaning that a new chart pattern is supposed to be built
The most tangible problem for NIKE would be Trump's trade war offensive if Chinese suppliers in close relation to America brands were affected by import tariffs. Chinese manufactures are part of the global supply chain sourcing clothes for retailers, and so Nike will indeed face ripple effects.
Nike is a very solid investment, which accounts for the high stock price reflecting the company goodwill.
Company value: B
Growth/'EPS' surprise: C
Momentum: B
Risk: B
Overall: B
Looks great, yes. Be aware that current choppy market sentiment is driving stocks up and down on weekly basis. I am going to wait for a clearer signal and crossings for all my indicators.
*Investments can go up as well as down and involve the risk of loss. Past performance will not necessarily be repeated in the future."
S&P 500 Trend Continuation UpwardsA important bullish turning point for the US stock market occured on Friday, February 23, 2018.
Instead of increasing the growing downtrend of the previous days the "S&P 500" ended the week with a bullish push higher, thereby adding to the chance that the market continues the strong move up of the week before towards the all-time high.
Due to the reason that the recovery after the decline has run quite far already though, I recommend to use a stop loss below the recent lows. Here is a recommendation with a good risk/reward of 2 (using instead a tighter stop loss at 2703 offers a better risk/reward ratio of 3).
Entry: 2734
Target: 2828
Stop loss: 2687
Risk/Reward Ratio: 2
GBPAUD- Get ready to short or may be you can buy it in the dips.GBPAUD- Get Ready to Buy on the retracement:
GBPAUD- Get Ready to Buy on the retracement:
To Consider a week of strong data release, by both Countries of the pair. Aussie will have a
RBA minutes of the Reserve Bank will two weeks after the interest rate decision.
The Pound will have Inflation Report as well GDP follow up and public borrowing.
I expect strong volatility and though most probably Pound will be in pressure, which justify the retrace on this pair.