Technicals
CAD employment & NFPTonight, we have the CAD employment data. No significant change expected in the data.
However, if we get a positive NFP data, we could see the USD strengthen further.
Giving the USDCAD a solid base to bounce off support of 1.2750. However, a buy trade should be triggered only if 1.28 is breached.
Preferring to shift my attention to the RBA Decision and StatemeThe cash rate is not expected to change, and the accompanying statement could indicate continual growth for the economy in 2018. Overall, it is likely to be positive news.
But with less global risks now, we could see a short uptick in the AUDUSD, before it turns back down to test the recent lows.
ARK - Daily Analysis Ark has broken out of our previous down trend line and we could be headed to 3.28 which is a weekly resistance level.
Price could hit that level and stagnate for a bit as its an area of major confluence of the parallel downtrending channel too.
A 30% upside is what Ark is in process of completing.
"Target :- 3.2844"
DASH - MAJOR BEAR MARKET DOWNTRENDLINE DASH has been in a major bear market all through out the start of 2018.I have a bear market trendline in place which has acted as major resistance.
At the moment the price is entering the support zones of major 2016 PRE - BULL MARKET levels.
Remember a straight line fall is always coupled with a straight line increase most of the time in a faster way on the way up.
Join my channel to keep getting regular updates to my trades and my analysis.
STAY STRONG
GU LONG - 4H, 1D, W Technicals holding - BREAKOUT TRADEOn the weekly, the retracement of price has formed a bullish flag pattern, giving upward bias on the weekly.
On the daily, price has formed a triangle formation and is preparing for a breakout. It has also found support at both the 0.36 Fib retracement and established trendline.
SL: 1.37
Price: 1.38492
TP: 1.415
Hoping to hold between 10-14 days
Should be good.
Hey BTC! I found volume! He's over here!
Well, that escalated quickly! And, surprise-surprise, we have found our long lost brother, volume!
Not long after I hit the "POST" button on my last idea this morning, (), we started heading quickly to the target range I had predicted. We are still not there yet so hang tight. Here's what I see as possible scenarios:
- One, a sideways day or two before hitting our target this weekend sometime.
- Two, it's possible we have another big RED candle tomorrow as well.
- Three, I could be wrong and today was all the capitulation you're going to get in which case:
-- We won't reach our target area
-- BTC won't get a second chance to kiss his mother (200 day MA) goodbye.
- Four, we take one of the first three choices, bounce, head north and then get stopped a second time by the top of my BLUE channel before heading lower again.
- Five (least likely), we simply blow right through the 200 day moving avg. and continue south with little to no hesitation. This is very unlikely with the capitulation volume we observed today, however, BTC has surprised me numerous times this past year or two and thus, I would be remiss not to make mention of this option.
I'll leave it up to you all to place your bets on which of these scenarios plays out. For now, I am still hoping to hit our target.
Still too early to tell if 4 will be a valid option. If we head north from here and hit the top of my channel again, the probability increases that we hit our heads and continue south. I think we need the springboard of the 200MA to give these bulls enough momentum to push through resistance, form the right shoulder correctly, break the last RED neckline, and continue north. IF (BIG IF) the bulls can actually do that.
BOTTOM LINE: We have our volume! But will we get our trampoline bounce from the 200MA as well? We kinda need that right now.
ONE MORE NOTE: Just a theory, but I had noted in the past that BTC likes 60 day cycles. First 45 UP. Last 15 DOWN (ish). Because, of the futures trading announcement pumping the market abnormally last Nov-Dec, the last cycle got all jacked up. It was all down and ended up extended by 25 days. That shortened this 60 day cycle by 25 days, making it 35 days in length. We have been in and UPTREND for 28 days of this cycle. If my timing is correct, the last 7 days should indicate a downward trend. So far, so good. 3 more days to go! That puts us right at the weekend. Perfect! This aligns magnificently with my charts and is nothing but good news for the bulls should we hit our target.
Happy trading friends!
AUDUSD - SHORT - 4H/Daily - Price respecting technicalsOn the weekly period, price has been ranging between parallel Support and Resistance, it appears to be going back down to test the lower level.
Price is approaching a previous horizontal support + the 38% fibonacci level which provides significant resistance.
$BYOC The Beast from the East Continues With Ascending WedgeBeyond Commerce has fully established significant support between the .09-.10 levels reminiscing back to the .02-.03 levels that traded sideways for a few months before breaking out. It is anticipated however that things will begin moving much faster now at these higher levels as the company progresses forward at a much faster pace in implementing the goals it had set forward since Summer of last year. The company has potentially 4 more acquisitions each one much larger than the next and potentially significantly pushing the PPS past the $1.50+ level and into $OWCP territory, if you've been following me on iHub and Twitter you know how well we did last year and the year before with that one, from subs .00 level to $3.50
I am very long here and will continue updating on the further progress of the company.
$BTC Continues to find support as $DIME gets accumulated.Dimecoin a crypto on the move and still majorly under the radar has been getting accumulated as Bitcoin continues to consolidate and find support at these levels.
$DIME now has a new management team and CEO and has made major moves forward in progress over the last month. Here are a few of the things they've accomplished already in this short time.
Completed the Windows wallet 6 days ago
Currently Working on the Android Wallet
Partnered with 5 sponsors of the coin who have agreed to use it as payment.
Listed to 3 more exchanges
Twitter following has gone from 1,200 to over 5,800
Telegram chat has gone from 230 to over 2,600 all this within a month.
DimeCoin online Store
Future goals:
Linux and iOS Wallets
CoinBurn
Listed to major exchanges
More Sponsors for the Coin
Branching and Advertising
So far I've found the best exchange to buy $DIME is #Livecoin and the best pairing is the DIME/USD Pair
Don't forget the Super Bowl ad also for Coinbase. That should help BTC find support down here.
BTC PRICE target HiT The swing trade turned out pretty amazing which I mentioned in my last chart for BTC and before that as well.
It hits the 61.8% fibo and gives a reversal. No we can see some upside to 10,500 Target Area to reach towards the Median
line of the fork and also the trend line. For time being we can see BTCUSD on the up side but it will be a struggle for it to
break that level as over all it is still in a down trend. But for now we can take short term profit and see how the market
reacts once it reaches that level.
Support Bounce Up Entry for WEED tomorrow on Jan 26, 2018Short term:
Price closed right at $31.69 Fibonacci support area today on Jan 25 2018.
Potential support bounce up entry tomorrow on two supports: Fibonacci as well as 30 DMA.
If price breaks below support, next support $27.91.
Long term:
Strong up trend with a pennant pattern forming recently.
Litecoin/USD chart - PA within bull-flag; upcoming breakoutLTCUSD currently trading within a Bull Flag technical analysis pattern with likely breakout by 1/25/18.
Expect consolidation / corrective PA until breakout at end of squeeze.
Value buy is anywhere between $160-175.
Likely target is $500 after squeeze & break.
$GRDO Regains Prominece As Company Finally Reveals Plans$GRDO has been on an absolute tear lately, and no wonder why. The company finally revealed its plans for major expansion into the #Bitcoin cloud mining market which has expanded rapidly accumulating close to 30% of the Bitcoin investing community.
The company which first revealed its initial plans near the beginning of fall last year, took the time and effort to reorganize and establish itself back after a long tenure of arduous battles back and forth with its former CEO. Now that a CEO has come onboard and one that is arguably the best one the company has had yet in its 13 years, the company can finally move forward, and it has with quick speed.
The new website and whitepaper plan looks to be setting the company up for major expansion into the new year possibly making it a forerunner in a niche market that can sometimes be rife with illegitimate foreign companies that many people would not trust their money with in order to mine cryptocurrenices. Fortunately $GRDO is established here in the great USA which will bring a lot of those customers to it.
Stay tuned as we keep an eye on the company as it makes its way to .01 - .10+
QSP forecast QSP Is currently in Descending Regression mode, Completely range bound. A break above 0.00004480 is very bullish
for QSP for further gains. In case it does not pick buying momentum than we can easily see the price going back towards
the 50%-61.2% correction before it goes back up. If you are not in the trade already than I would recommend to wait and see
which direction is it headed too. A break down can give you a good entry point to hold and go long and a break above can
give you the sign that it has picked momentum and you can expect good short to medium term gains ahead. but taking a position while its range bound can sometimes get your investment stuck if it starts to go side ways.
I am medium to long term bullish for QSP and expect to get at least 2x-3x gains in the coming quarters.
EurNzd - Bears In ControlLast week price broke down below key support at 1.69560 hinting further declines is on the cards. A pullback and re-test of broken support turning resistance will provide a great place to start to look for Bearish set ups for shorts down towards the target and next key area of support to the downside at 1.66413.