Bitcoin Saturday Trade Set-Ups for the Aficionado BTCUSDT BTCUSD: Bitcoin Saturday Trades for Die-Hards A slow overnight session has given way to a slow start to Saturday trading. Bitcoin has held up though and if still long here is about 80 points up on the last entry at 7375. Looks like we're stuck with scalping still for now looking at the lack of interest...
Bitcoin Bitmex Chart Update XBT After 36 hours of consolidation Bitcoin has held above the key 7265 level after a spike low at 7243 on this feed and since then has survived a couple more retests. It's not ready to fall away yet therefore. Looks as if it will make another attempt to touch 7615 and maybe spike into the uppermost parallel again as yesterday - this...
31st May FTSE 100 Index Update UK100 FTSE bounced away nicely off the support zone at 7600-7580 and really we should have reversed back long off 7600 with stops below 7580. My bad here. But it's beginning to struggle and if you were slick enough to reverse long again without prompting the long stop needs raising to just under 7680 here. Any failure to hold...
FTSE 100 Index UK100 Since making a seasonal high on 22nd May FTSE has fallen away down a narrow impulse wave and chanelled down the smaller falling pair of parallels from the new high. Whist constrained within the channel FTSE remains vulnerable to further selling pressure back to the first minor support line at 7691. Failure to hold here will trigger a...
Dax Index DAX Topping Formation Short Set-Ups If you trade Bitcoin you will be familiar with this pattern for sure. Having broken below the longer term lower parallel the Dax has fallen away to structure lows to left of price, dropped a little lower to take out the last swing long stops - and then promptly swung back higher again. In doing so it's tracking...
BTCUSD: Bitcoin Trade Set-Ups from Here The pattern Bitcoin is currently making is treacherous and too unclear to contemplate a trade at this point. It looks and feels more manipulated right now than ever - as if price is being left to run a little higher to stop hunt weak bears before it gets reeled back in again. It should only get as far as the upper...
BTCUSD: Bitcoin Trade Set-Ups for Today After breaking below the lower parallel of the continuation pattern which had been created over the weekend Bitcoin began to fall away - but the fall when it came overnight was grudging and lacked fluidity or downside momentum. It's therefore hard to trust at the moment and until we get better clarity am forced to close...
Bitcoin Weekend Trade Set-Ups It looks like we should get an interesting trade coming up here quite soon. Failure to hold on to 8300 will most likely force it back to the lower parallel of the continuation pattern shown at the bottom of this decline. On the downside we need to see a break below the lower small rising parallel and the support line 8230 to...
Bitcoin Sunday Trade Set-Ups A fairly active overnight session has seen Bitcoin move up to highs around midnight gmt, then down for 6 hours to 06:00gmt and 01:00est and then back up again, forming a fairly sketchy triangle as it moves through time. The last move down (green arrow) was corrective in pattern with 4 small waves down before it hit the lower...
Apple AAPL Another triangle another opportunity - a break of the lower dynamic should mean a fall back to 165 if not 155-150. Stops above the same dynamic when broken. Upside it has to break above the upper falling dynamic and then above 175 .10 line to trigger a long to 184 .
ETHEREUM/DOLLAR: ETHUSD Next Trade Points from Here Three waves down and a bear flag/pennant sitting above a potential bull flag at the bottom of the run. The low was off the longer term dynamic support line too. Eth is trying to turn here but is depending on Bitcoin to help it break free of the downtrend from here. As things stand it's a speculative buy on...
FTSE 100 UK 100GBP Key Levels and Trade set-ups today This chart shows FTSE's great 9 year rally from start point at the lows of 2009 to the end point on 11.01.18. This cycle forms part a longer 9 year year cycle that was described and shown in last FTSE comment. The lines of support and resistance are clear and should be helpful in coming trades... FTSE has...
FTSE 100 Index: UKX Long Term Time Cycles in FTSE Index After rising 10% at the start of the 2018 FTSE has fallen all the way back its start point for the year. Up 10% and back down 10% in 6 short weeks. The action looks unlikely to stop now. In fact it could be just beginning. Probably the greatest trader who ever lived, WD 0.61% Gann , told us to measure...
GBPUSD Sterling pinged off the next blue line at 1.4317 and leaving pins on the daily chart - like a crypto in super-slow-mo - this is moving at one frame per second compared to crypto-world rate of speed at 240 frames per second - same fractal/ratio. Although GBP is sitting back on the nearest support it doesn't look likely to create much of a rally, just a...
BCHUSD Next Buy Points BCH is coming back into a buy zone at current levels and down to 2485 - look to accumulate on dips now with stops below the dynamic support, looking for 283-2910 area to begin with and up through 3177-3255 to 4100 further out in time.
ETHUSD Potential Trade Set-Ups Pretty dull still here. It's not giving up without a fight but not a range we need to be involved in right now. Maybe if it breaks the upper dynamic holding back all rallies so far, but it looks like running into overhead supply at 477 so if you follow this break, should we see it, look to close out here and only enter long...
BCHUSD BCH Dollar Risk and Reward Approaches Consolidating gains above old structure - really strong looking and likely to turn up again soon. Ideally it will come back to 1516 and maybe 1461 but looks so far like 1516 will be the lowest it will go. Stick an order in with a stop below 1440. Or stick one in at 1446 - less chance of getting struck but also...