Another strong bullish impulse move from btc over the past 24 hours. It has cracked the 8k daily resistance level and has continued pushing up through a 4 hour resistance at around 8160 wicking all the way up to around 8340 before pulling back and closing below 8339 resistance. From here we could see the retrace begin to test the recently broken resistance...
S&P 500 SPX500USD Of the 3 charts followed for S&P 500 index, this one has been the most reliable recently. We were looking for S&P strength as the last but one of the Fangs report earnings with Amazon on 26th after hours. Google has helped overnight. After triple bottoming at the 2790 support line the S&P has rallied higher, making a little spike off the next...
Bitcoin Update 24th July 09:42 Bst 04:42 Est The break higher duly came at the rather strange hour of 05:00 Bst and midnight Est. Volume has been quite high though not spectacular. Not much follow through in London though. It's the first time Bitcoin has made such a small surge following a break-out higher and it hasn't reached any clear resistance level...
Upside breakout on Honeywell (HON) Technical event: falling wedge, trend channel, money flow index and increased volume Target at 7.5% with a tight stop-loss set at 3.25%.
EURCAD 5-day MA (Yellow) crossed and closed above 10-day MA (Red). Going long, good R/R
BINANCE:MDABTC A small accumulation zone. The bulls are trying to go up but seems that have not much power now. Must watch for the trend. For the moment it's playing on the 7852 support line. If we want to be early, we must watch a reversal candle for our entry. Possible trades on chart. Buy: 7950 - 8120 TP1: 8518 TP2: 8997 Risky ones or mid/long term TP3:...
After the preview trade idea failed I have been looking for a decent opportunity to try this one again. After two bounces on this long term Horizontal support, I think this is the next opportunity. Risk is low as stops can be fairly tight. We are in the buy zone (411-540). I also have some crazy low buys just in case of another wick down. Below is a volume gap...
WE HAVE LIFTOFF! BTC broke up and out of the consolidation box it had been floating in for the past couple of days. It has pushed up to the first major resistance at around 7780. If it gets rejected at this resistance level, we will head back down to retest the recently broken 7500 level. If the bulls have enough force and we break through this level we may...
BTC is still moving sideways in a bit of a consolidation box right now between the 7330 and 7500 support and resistance. We should continue to see this type of movement until we can get a solid close outside the box when btc decides whether if it is going up or down. Running tight stop losses you could easily trade this channel for 2-2.5% gains bottom to top. ...
Daily trend is still bullish and that TK cross above the kumo with price above on the 4hr we likely have more upside on BTC, but there is a good chance it will drop to retest 7170, 7000, and maybe even 6800 Opening a small short position up to 7430. 65% of desired position filled so far. Stop and target marked. This is a hedge. Long position from 6500 still...
If you were going to attempt to enter something, ADA is the only one of two coin in the top 8 on CoinMarketCap that is in a bullish trend against BTC and the market as a whole. 5/20 MA cross occurred and price has continued to bounce off the 5MA as it climes. VPVR shows we bounced from an area of strong volume interest again. Possible Double-Bottom pattern...
I wish I had a really good reason, but I don't. Yes, buying XRP contracts. Starting to buy XRP for a long position here. Averaging down to the lower red support. I will stop out if we break below that convincingly. Horizontal and Volume support level here. Bullish divergence on RSI, and CMF (slight) I am pyramiding these buys and keeping this to a small...
Bitcoin Bitmex Update Not much has changed overnight. It was still a buy on tests of the 7355 line but only for scalps... If you bought on the second test of this level overnight raise the stop to 7438 for now. The spikes above price suggest it's still not wanted much above 7500 so far. The rest stays the same for now, a repeat of yesterday as nothing has changed...
After the strong bullish move, BTC retraced to the 23.6 fib level and is now consolidating, moving in a channel between the 7330 ad 7500 areas. We may see some more sideways movement here as it approaches a potential new trend line. If the channel is broken either up or down we will most likely see an impulse move in the direction of the break. Watching closely...
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If you were going to attempt to enter something, XLM is the only coin in the top 6 on CoinMarketCap that is in a bullish trend against BTC and the market as a whole. 5/20 MA cross occurred and price has continued to bounce off the 5MA as it climes. Price action is now of the poc on the VPVR. Highest volume area coincides with an OB that offered no resistance on...
Double top with a pull back into the 618 looking for a rollover and possible downward trend continuation Lots of support structure at this level as well which in a bearish trend should become resistence Plan your trade trade your plan!