Bitcoin Coinbase Feed Break Out with upside target at 14234 Very remiss - left the post yet again to attend to 'other' feed. (If you are a serious aficionado of Bitcoin and want pretty much round the clock updates please check for details at top left of sumastardon page.) We did buy again at 13417, right on the line, if anyone would like to check and then...
XRP up with Support XABCD Pattern Pending order : 6800 - 7100 TARGET 1 : 7900- 8400 - 9200 - 10200 STOP LOSS : 5400
ETHUSD Over tthe last 24 hours or so ETH has, like Bitcoin itself, made a reverse head and shoulders formation with a neckine at 690 and a minimum upside target at 886. Can buy on that breakout which should lead to a rally to 721 where it can come off again back to the neckline at 690 which must then hold up on the retest if we see one. Then once 722 is...
Tesla has recently been in the news with there new trucks. A lot of traders are taking there profits and are closing there positions. Right now I see a clear reverse cup and handel. This means there will be a buying opportunity. The Macd and stochastic do confirm this already, however in a light version.
Along with upcoming events the head and shoulders shows a high potential for a secure long sell position against the Yen. I would sell upon the confirmation of the right shoulder. I will post a clear signal once the shoulder fully forms and continue on the reverse of the trend.
It seems we're ready to profit thanks to the reverse...Now it's struggling in the lower flip zone...look for reverse signals!!!
IOTA IOTUSD The rally yesterday fizzled out from the upper parallel of a newly forming continuation pattern. Using a trailing stop under the day's little dynamic that had underpinned the rally from inception at least meant escaping the worst of the ensuing decline by triggering an exit at around 4500 but it was a poor call nonetheless. If you reversed short on...
ETHUSD Reevrse Long here If you got long as ETH came back to the support at 418 it's a nice trade. But close out now and think about shorting here with stops above 434...it's still vulnerable right now to another big sell off back 410 and if this fails back to 385 where we should be looking to buy again with stops under 380 for rally to 410 where we sell...
Brent Crude Oil UKOIL Last long shot with tight stops ready to reverse here if wrong Right on key support at 62.18 with a low at 62.14. If this fails here the entire wave from the lows is exhausted. At this point, if seen, we switch from buying dips to selling rallies - it will fall away to 61.15, bounce some and then likely fall away to 59.44 and potentially...
BRENT CRUDE: UKOIL Have closed out the long position finally as Brent touched the upper parallel. It's the fourth strike and should come back from here. Closed at 64.33 for 1833 pips profit on a trade that carried 30 pips of risk from the outset, taking under 6 weeks to achieve. Best win of year (apart from Bitcoin, obviously) Wondering about shorting here,...
Bitcoin Update The reverse head and shoulders pattern is clearer now.. Right on the breaking point now and therefore vulerable to a failure here...but it looks good so far... Because the H and S pattern is clearer it also gives a clearer measurement target on the upside once 7425 is beaten: 77333 is the minimum measurement implication of this break, if and...
GBPUSD Tuesday Update Sterling has rallied to the centre of the near term upside target which was 10 pips either side of 1.327 after an intraday high in London at 1.3222 for a 140 pip win. Longs should have been closed out and the entire position reversed into EUR shorts with stops just 15 pips above today's high for a small loss if wrong, as per comment below.
EURUSD The upside target for EUR has been hit at 1.1648-1.1665 after an intraday high in London at 1.1653 for a 140 pip win. Now it's time to reverse the position, as per comment.
This is an update to my GBPUSD analysis I talked about last week. GBPUSD has hit top of daily channel with excessive volume(See daily chart). This likely suggests that buyers could have cashed out since price has not moved up for the past 2 days. I see this formation as being weak and I will be looking for short opportunities above 1.3570. What I will look...
Our alert on this pair went off today and presents a nice short opportunity! We always want to first make sure that the position we are taking is not highly correlated with our other positions. Once all of that checks out, we should be good to execute. In this case we have a nice 4 to 1 risk reward setup. We want to set a limit order near resistance and wait for...
eur shorts across and with the double top showing reverse