Dow Jones Futures DJIA1! 10:15bst/05:15est 20th July Despite the counter rally this index still looks weak technically. It should start to come off from around here and from the upper falling dynamic from the recent highs at 25035 at best. It should come back to the overnight low at 24902-24850 range later today. It must hold and bounce here to avoid...
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...
The correction continues. China Downgraded our Credit on January 25th and we finally saw the first correction of the year. The trade war is just starting to heat. Expecting SPY to touch 248.21 in the near future with a year end target around 308.00 Buckle up bulls or come back near 248.21
There's a few different scenarios that I can see with BTC right now. It has found support and had a bit of a bounce off the 23.6 fib level and is heading back up to retest resistance at around 7500. Here we could either get rejected again forming a double top and would head back down to find buyer support. Another scenario that I can see is a possible Elliot...
Possible head and shoulders pattern forming on the ethusdt pair on bittrex. I will be watching closely for confirmation of this pattern and a potential short position. If it gets stopped by resistance at around 480 daily resistance level it will be a strong indication we are heading down. If it pushes up to retest the 4 hour resistance at 492 it could potentially...
I have already started filling buy orders at this level and have marked the area I am targeting for largest entry. If BNB breaks below the Daily Kumo and/or has a bearish TK cross on the daily I will stop out of this trade. Rounding of price decline likely at this level - oscillators and volume show declining selling pressure and increasing buying at this...
BTC has had a really strong run, breaking through 4 resistance levels before beginning to retrace from the 7500 resistance level. I missed my opportunity to open a short position at the top so am holding now to see which support will hold. Once we see a bounce i will be watching closely again around the 7500 level for a potential short or hopefully it can...
BTC pushed through resistance at 6800-6900 with volume support. Next major resistance is the downtrend slope from January 2018. The bearish trend resistance coincides with a Horizontal Resistance in the 7700-7800 range. If price can close above and consolidate above the bearish trend, we could see an attempt to make the first higher high this year. Bulls would...
Previous position has been brought to breakeven. This set-up is actually based on the 5M chart so I will be active in managing this, but it is in line with all of my thoughts and provides a great reward:risk.
4H AO has not crossed yet so this is a shorter term trade...here we can see a three wave correction with divergence and a double top on the last wave. My first target is the previous low. I will update at breakeven and when close to the target.
4H AO cross has not happened yet and there is bar divergence on that time frame so this must be kept in mind. I will be looking to move to breakeven quickly and perhaps even take profit at the target but that has not been decided yet. The overall trend is bearish but this may be a short term trade before the larger correction and final 4H continuation trade. Stay patient.
Head and shoulders ni cely forming on the 4H chart.
With proper setup short trade is a great reversal trade, and if it drops to under 108.000 but holds it is possible price is being either supported for or as a retracement downtrend (Can try use Fibonacci as recommended by me), otherwise will rise to downtrendline resistance. The way I see the market is now ranging in the top, to fall either as a retracement for a...
Price is in a descending channel, price should be going down soon! Trade Active NOW! We have SL and 2 TP on this trade! Please see the chart. Lets make some profit guys!
I still believe we are bullish, rising channel with strong supports below at least until we hit 1.1830 trade with care watch the price action, mange your risk and reward correctly.
ADA has recently broken out of a long down trend after declining all the way to a weekly up trend line. After bouncing off it and going on a short term bullish run, ADA has retraced down and respected the weekly trend line another 2 times. It is now forming an ascending triangle between the trend and a 4 hr resistance. Watching closely here for a break and...
OMG rejected the previous double bottom at the weekly support around 114585. Now has dropped with btc to a 4 hr support and formed another double bottom on the 4 hr time frame. a nice bounce off support has now happened although there is a weekly trend line just above which may act as resistance. I will be waiting for it to make a move either up or down from...