Get started

Today

WTI A STRONG CASE FOR BULL PHASE TO 55 Well for sometime I been waiting for a final washout in wti into my two targets 1st was 49.58 we saw that and rallied to 54.5 in a 3 wave rally then we formed a triangle for a 4 wave or a alt is that todays low at 47.26 is a wave B low both wave counts now point to a sharp rally as the alt downside was in a window of 47 60 to 45.98 therefore I am long today at 47.55 fill and missed a fill at 47.26 look for the rally to take a 5 wave up to 55 to confirm we must break above 48.65 todays dsi is 5
FX:USOILLong
by wavetimer
NZDUSD: Long Opened TodayHey guys, here we go again. Im thinking of publishing every trade i take here for a time from now, what do you think about it ? Leave a comment. Today in US Market Session we entered a buy on NZDUSD. Above you can see our analysis on this pair on the 4h timeframe. Price formed a support zone (marked in the grey box) - even on the daily. The lowest low is a fake out with a divergence indicating a trend change. Trend already had 2 correction waves (marked in yellow boxes) and we are looking to buy the next wave up to the last high. Honestly, as i mentioned before, the daily looks good for a buy also, so maybe the take profit will be much more pips. Will keep you updated as always. Stay safe.
Long
by darian_fx
SPX: S&P 500 Index Trade Points Today S&P 500 Index SPX500USD Was looking for a selling climax around yesterday's open, leading to a counter rally which would last into Friday's US open before falling away again. Well we got the counter rally just after the open in US, leaving a spike off the low at 2708 and 9 points from the next support line at 2699. Not much good, really. Then the S&P had to regain 2763 to have a decent chance of ralling further overnight. It managed to do this and went on to reach a high at 2781 before falling away to retest the 2763 line yet again before bouncing. Nasdaq has had a good overnight too, rallying to resistance and Goog is called up around 1100 again on the open. So far so good. The next big question is how markets will react on the open, obviously. Will they top out here with Goog at 1100 and fall away again - or can they break the highs of yesteday and spark a bigger counter-rally as the day wears on and more near term confidence starts to return as price builds? Downside Trades Today Ideally it will be the former - if so the first clue should be a break back below 2763-2760 range. That should be worth shorting back to 2744-3 range It should try to bounce again here, trying to form a right shoulder to lean on. A break below 2740 would suggest that attempt has failed and it should then start to fall away to 2699 and 2674 support lines. Upside Trades 2763-2760 must hold up around the open if this counter rally is hold up a while longer, tempting more longs as well as some bear closing back up towards the 2784-2794 range where it should become vulnerable again. Hoping that Google will again help to clarify price action from here. It has to hold up above 1100 today for markets in general to remain positive, imo. A break above 2794 on SPX should ideally be accompanied by GOOG pushing higher above 1100 too. That should then trigger a decent relief rally back to 2834 on S&P at least and potentially as high as 2865 before collapsing again. Again we need to be prepared for this if it materialises and to follow long to 2834 (and suspend disbelief for a while :) Markets are still super volatile still and still trying to make up their minds whether to stabilse for a while or break lower still. This volatility is similar to Bitcoin of old. This is where the skill sets you learned trading the crypto markets should be useful. Once again there's likely to be plenty of whipsaw around the open. Once more it will be a close-run game of cat and mouse - with a break above 2794 needed for the counter rally to turn into a relief rally higher as above. The overall picture is still negative looking into next week. That will remain the case unless and until a double bottom materialises when the next decline sets in. Often a poor October leads to a counter rally around mid month leading to another sell off in November. A volatile couple of months are in store with a series of great trading opportunities still to come. Like Bitcoin of yore. Be lucky. Follow the chart and not blind hunches or dogma and you will be ;) * For major market updates in real time today please see links at top-left of main page
OANDA:SPX500USD
by sumastardon
Bitshares on sale today!There's a lesson to be learned every day! For me the lesson is: always "cost average" into a position. I was too lazy to ladder in, so I bought at the .618 retracement, and unfortunately we dipped deeper. Putting it more correctly: unfortunately for me, because for those who didn't buy Bitshares is on sale today! We've briefly dipped below the long-term support trendline, most likely to go to the .886 retracement. Given the low low low RSI's we're seeing on multiple timeframes today. I think you need to be blind not to scale into BTSBTC at the moment so if you ask me: start accumulating, and set your stop loss right at the 100% retracement, then move up the stop loss as soon as price goes up for a free trade.
BLong
by thomasvandenabeele
Bitcoin Today: only 7000 mattersPrice The bullish tendency remains, yesterday BTCUSD overcame 6600 level and now trading on the 6700 level. 6800 level is the resistance, which sent the price down on July 8th, a breakthrough above this level will add more to the bullish view. Nonetheless, much more important resistance, for now, is 7000 level. As long as the price holds below 7000 level - either lateral movement or fall will be prevailing forecasts. Important levels for today: 6600 must hold on to support bullish scenario, piercing of 6800 will send the price to test the most important 7000. Still, the chances to see a breakthrough of 7000 and sustained movement upwards are low until the 16 August, the date when SEC should answer on the Bitcoin ETF regulation inquiry. Today forecast Trading in the 6600 – 6800 zone. Latest news Blackrock Examining Crypto Market Blackrock, considered to be the world’s largest asset manager with over $6 trillion in assets under management, is probing the crypto market. Reports have popped up yesterday that the NYSE-listed company has created a ‘working group’ to explore how it can take advantage of the hot new alternative investment instruments. Larry Fink, chairman and CEO, subsequently denied in an interview that the company is setting up any crypto trading capabilities or that Blackrock received demand for it from its clients. However, he did confirm that the company is studying the performance of cryptocurrencies to be prepared for the eventuality in the future. “When it becomes more legitimatized, when it has a true open nature of it that you can identify who the players are on both sides, that’s when we’ll probably look at it,” Fink said. Coinbase Approved to List Securities Popular US-based cryptocurrency exchange Coinbase Inc. has been given approval by the U.S. Securities and Exchange Commission to acquire three companies, allowing it to list securities tokens and provide a broader range of financial services. There has recently been a race among crypto companies to acquire licenses to offer securities in the US, with firms such as Coinbase, Circle and Uphold buying up regulated assets. Now the former says that the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have approved its takeover of Keystone Capital, Venovate Marketplace and Digital Wealth, the three entities that Coinbase sought for their licenses. The next step for the company is integrating its own technology into the new subsidiaries, and training up its staff to comply with American securities brokering regulations.
BITFINEX:BTCUSD
by DestinationMoonCrypto
BTCUSD Sunday Chart Update and Key Trade-Points TodayBitcoin Sunday Chart Update and Key Trade Points So far this looks like a good Reverse/Inverse Head and Shoulders in classic formation with a perfect retest of the neck-line yesterday at 7600 (even more so because no one seems to have really mentioned it - the low today here is 7600 precisely). It carries with it a minimum implied upside target at 8163 on Bitfinex. But in the near term Bitcoin has made an 07:30gmt break higher from the 7644 line as it did yesterday too -before spending 24 hours moving sideways again. The new normal. Sheesh. Every break higher is getting faded now for hours and hours after the intial impulse. £0 minutes of action followed by 24 hours of continuation. Just like fishing on a slow day :( But this break today is still potentially significant. We now have a technical battle emerging between the power of the RHS on upside and the power of the upper dynamic of a loosely defined rising wedge-like formation on the downside, both in opposition to each-other, one a positive force and the other negative. So we can spend quite some time today in yet another continuation pattern with support at 7700 and extending to the lower parallel of the newly forming pattern from the intra-day high. Both these opposing patterns are powerful. Which pattern will prove stronger ? Well, so long as the dynamic which forms the lows of the right shoulder holds up on retests today the likelihood is that eventually the break will be higher and not lower. If so other than buying the dip to 7700 and below to 7768 and maybe to the 7644 line the only other option is to buy the break above the upper small falling dynamic from the intra-day high when and if it comes later on - need a volume spurt to follow it to know it's good - but the pattern is still overall positive at this point and the uppermost risng dynamic which capped the high today so far, is beginning to lose its power and on the 5th strike it should break too. That will open the way for a RHS to take control and begin to drive price towards the upside target at 8163. Returning to the downside Bitcoin has to break below the risng dynamic underpinning the lows of the right shoulder of the RHS to start flipping longs out back to 7644 and if this then fails to the neck-line itself again at 7600. This level must hold up throughout the day from here. Any failure by more than 15 points will flip Bitcoin back into bear hands, signalling ultimate failure of the RHS and trigger a short from this point with stops 50 points or so higher if struck later.
BITFINEX:BTCUSDLong
by sumastardon
BTCUSD: Bitcoin Reverse Head and Shoulders Trying to Complete 10:00 gmt 05:00est Saturday Bitcoin Bitmex Chart Update After holding up overnight Bitcoin began to break higher above 7450 at 06:00 am in Europe triggering the next long to the 7624-7735 range with a high so far at 7681 on Bitmex. In doing so Bitcoin is defying the bears as it tries to complete the RHS pattern we've been watching develop over the last few days of trading. To do this Bitcoin has to find buyers enough to break above the 7735 level on Bitmex and the other feeds we cover to trigger the next long or add from here to 7948 initially and then to the minimum upside target created by the RHS at 8157. Returning to the downside, although this RHS pattern looks 'real' it hasn't completed yet and can't do without fresh buying power to push it through the 7735 level. It can stooge around for some time here making up its mind. Despite renewed optimism for the weekend ahead it can still fail and end in disappointment if we don't see that break above 7735 materialise later today. It's Ok for price to come back to the 7641 and then retest the 7600 main neck-line again but it should hold up from here if it's to stay positive from here. Any subsequent failure to hold 7600 during the course of today would be the first clue that the RHS is failing due to lack of interest - it should then start to fall away further to 7500-7448 range again at first and attempt to rally again from there. More as the day develops...
BITMEX:XBT
by sumastardon
12
BTCUSD Bitcoin: Next Trade Points TodayBTCUSD: Bitcoin: Next Trade Points Bitcoin was expected to fall back to 7301 before bouncing away again. In the event it fell to an intra-day low at 7273 before the bounce came. Not great. Since then it's made a high at 7599 and extended to touch the upper end of the same (less acute) parallels that have been running inside the noise of the last 4 days or so. The near term picture is still more positive than negative at this point and Bitcoin should push higher still towards the next upside target at 7760-7817 as the day wears on. But in the near term it's a little over-extended and needs to consolidate again. Initial support lies at 7480- any failure here will likely create a fast retest of the 7401 line at lowest today. It must hold here off the lower rising parallel for the counter-rally to stay good from this point. If wrong at this point any eventual failure here at 7400 will turn the tables yet again and trigger another near term short back to 7166.
COINBASE:BTCUSDLong
by sumastardon
2