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Santa

USDJPY wedge breakoutDollar Yen has broken out of wedge consolidation in quiet post-Christmas trade and looks set to continue higher. Pair has been trending up at an average of 250 pips per week for the past 7 weeks, but has been stuck in consolidation since setting a new 10 month high on the 15th of December. Today's break above the wedge top opens the path to 118.66, with further gains above there likely. Initial resistance is a zone stretching from 118.35 to 118.66, with a break above there targeting round figure / 78.6 fib confluence at 120/120.10. Initial support is a zone stretching from 117.10 to 116.65, with a return to this zone neutralizing our bullish bias.
Long
by MFXSCharts
Waiting for Santa...This market has been god awful boring (for Bitcoin that is) for quite a while. Quite frankly I have not been charting it as much during these past few months. I think my brain has just drained all the TA information as I picked up such terms as float, degree of operating leverage, days sales outstanding, covenant et. al. In any case, Bitcoin seems to be just about as active as I am in charting. Sure a little volatility here and a price spike there, but there is no definitive trend to be seen in sight for the near term. Now, what I really want this Christmas is for Santa to come down the chimney, hack onto people's laptops; phones and desktops and start buying up some Bitcoin. Lol, like that will ever happen... one can only dream right? The more realistic scenario is giving through the tunnel of tranquility. I think Bitcoin wants us all to take some time off away from the charts. Then while we are not looking... BAM, it roars back to life. Indicators * PSAR - for now it says SELL, but I think it will turn around here soon if we keep on cruising at the same speed down this highway. * RSI - As I said on the chart it seems it has never quite hit Overbought for very long. Seems to be that we have acquired some unsure badgers. * Stoch - Does what it wants and says it wants to go down again. Likely will but it already is below 50 with moves that are hardly budging that I do not expect any more movement down that is significant. I guess the targets are on the chart. IDK I sort of half @$$ them. On the very short term I see 347 being a target or at least the body of a candle. I also got a little bored and decided to draw Santa in a sleigh. Merry Christmas (or Happy whatever you celebrate) and Happy New Year. I'll be going over some TA again as I think it dissolved from my brain while I was away.
BITSTAMP:BTCUSD
by ItisCalvin