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AGAINST the feelings of sell - nearest broken trendin nearest time (1-2 weeks- maybe first day of oct.) we may to see a another trend- market falling by 30% or go to the 8000$ in long term to the dec if GREEN lines will be broken - that may be a sign for buy = end of long term Bear trend BLUE lines is a resistance and support lines RED line is a strong support line , when red line will be broken we falling to the other support lines STAR and CAMERA - is a shoting time of action (22-25sept- 5 okt) 70 to 30 for Bear to the my previous predict- 4.8$ for BTC in shirt time predict(to the end of sept- first days of oct)- we will to see slow bull run to the ~6,5$
BITFINEX:BTCUSD
by Bombr
LTCUSD: Litecoin Trader's Choice Litecoin LTCUSD Trader's Choice Continuation pattern off the next support line so far. But this is also set to deliver a decent each way bet over the coming 24 to 48 hours or so, depending on which way it breaks from here. Any break above 62.3 and the upper parallel would be a very bullish signal for a short term spurt to 72.42 where it should fall away again. A nice trade if we see it (depends on Bitcoin, sigh) And on the downside any break below 55 will trigger a short back to 49.42 at least and should this fail back to 44.54. For fastest ALT updates please check link at top-left of main page
BITSTAMP:LTCUSD
by sumastardon
DASHUSD Day Traders' Paradise HereDashUSD Last comment was waiting for a flag to develop and looking to buy at 655 which wasn't great considering it spiked to 614. There was no stop advised here as it's so spikey so if you kept your nerve here, hats off. It was hairy. That flag earlier on Dash, now lost in the noise, was a day trader's paradise. This thing moves so far so fast and in such a big range, 10% to 20% in every 24 hour period. Now back towards the top iof its range and likely to unwind between the top two parallels in near term. A good range for day traders to play within. Take profits if still long and pick up some more around 725
BITTREX:DASHUSD
by sumastardon
DOW JONES INDUSTRIALS: DOWI A Faithful Friend to TradersDow Jones Industrials: Easier than Nasdaq to Trade It looks like a lazy continuation pattern is forming back to 22393 before a good rally sets in again. This pattern will only change on any successful breach of either of the small parallels - to upside follow on successul break of upper parallel for another test of the larger parallel above.And if the lower small lower parallel is sucessfully breached on the downside it will seek support off the blue support line at 22995 - just much quicker than if it tracks within the flag. The 22995 level is important to the medium term for the Dow. And we can see that the entire rally between the two blue supports at 22995 and 22393 is, so far, uncontested. It would be easy pickings for bears should 22995 fail at any point. It would fall quickly 600 points (a fabulous short if we see it at any point, worth setting an alert for) to 22393 at least and quite likely to test the lower large parallel before the next rally could begin in earnest. But until we see a break of those small parallels that form the flag top, this space belongs to day-traders. The 'perfect' pattern will hold the flag fromation, zig-zagging down to 22995 on about 6th December before the great Christmas rally kicks in. Only in the event that the two parallels that form the flag are broken in the interim will volumes pick up. The three blue support lines then become the next obvious points to short from once broken. MEDIUM TERM The 22995 level is important to the medium term for the Dow. And we can see that the entire rally between the two blue supports at 22995 and 22393 is, so far, uncontested. It would be easy pickings for the bears should 22995 fail at any point. It would fall quickly 600 points (a fabulous short if we see it at any point, worth setting an alert for) to 22393 at least and quite likely to test the lower large parallel before the next rally could begin in earnest. But until we see a break of those small parallels that form the flag top, this space belongs to day-traders. LONG TERM Long term, for what it's worth, this index should rally at least 4 X from the February 2106 low and quite easily 6 times. America has never had it so good since Ronald Reagan rode into the sunset. Happy thanksgiving to the USA. Long Term Cycle Analysis: Dow and S&P 500: DOWI SPX500: Super-long-term Chart and analysis LONG TERM Over the longer term the Dow is still expected to rally at least 4 X and quite likely 6 x from the February 20016 low at 15513 over the coming 15 years.https://www.tradingview.com/chart/DJI/t9MH9rbb-Dow-and-S-P-500-DOWI-SPX500-Super-long-term-Chart-and-analysis/ Last Point: One other thing, this market is one of the best to trade, making conventional patterns, especially in continuation mode - making it muuch easier to 'read' than, say Nasdaq. Look atthe patterns - they're friendly, familiar. Are Nasdaq's? Find a friend you can trust. That would be the Dow.
DJ:DJI
by sumastardon
3
CRB Index: TRJEFFCRB Useful Back-up for Gold and Oil tradersCRB Index Commodities Index: TRJEFFCRB The CRB index - Back-up Confirmation for Gold and Oil Trades. It's useful to know which way the greater wind blows before setting sail. This wind is with the bulls and has been off and on since June. It's making a nice trend of its own, grinding away each bear in its path until 195.62 is reached - up about 2.5% from here. Do not consider shorting gold, oil, silver or copper aggressively until 195.62 is reached on this index, except near term scalping raids which will carry wiith them all the risks associated with trading against a trend. Even the deftest of scalpers will need their A game to make much from shorting, and will likely have to move fast to bag any profits. Any bears with a medium term view are going to get crushed. Can therefore only turn aggressively bearish of Oil once the lower parallel channelling this impulse wave is broken on downside. Then you know the greater wind is turning and it's finally time to change tack and start selling rallies again. This index has a look of latent strength behind it - 195.62 will not hold it back for long. Once passed it will rally another 5 points or a firther 2.5% to 203.6. Then look for the wind to change and at least a 2.5% fall back to 195.6 again. Get this medium to longer term idea of push and pull and you can make some very good returns. Good trading to the 3 wise men who bother to read such arcane research. You will do well. Never so sure about the rest though...
TVC:TRJEFFCRBLong
by sumastardon
Bitcoin BTCUSD Next support approaches for day-tradersBitcoin Update Although it's now testing the next line of support at 6312, unless a day trader would advise to stay short lloking for a test of the lower parallel. Some day traders will close out here looking for a decent counter rally back to the last support/new resistance at 6425, though the old trend line, now at 6390 may now prove so toxic that any rally is stopped dead here, on the underside of the old dynamic medium term support line. For others, stay short for test of the lower parallel...if we don't see a rally from 6312 it should happen around 1pm est, but if we get a rally first that will be delayed some. If it does rally from 6312, others looking to short this who have missed part of the ride can look to get on at 6420 if seen.
BITSTAMP:BTCUSDShort
by sumastardon
Gold price action this week. And next week ???Here I tried to recall the events affecting gold prices since 25th of August. What is surprising to me are "the breakout of 1300 psychological resistance" and "the unexpected price action of today". Beginning of next week might be another surprise. Today US data was quite terrible, but USD index and and US bonds appreciated contrary to expectations. I figure out two reasons: (1) Technically gold is over-bought and traders do not have appetite to buy further at this level. (2) Yesterday was the last day of the month , we saw that the price of gold increased 25$ in a very short time. If this is due to the long positioning of commercial traders, then we might say that the speculative traders driving the market have taken short positions for the month of September. And if so, this explains that the big traders with short positions did not buy today but instead continued to sell, which would mean a major retracement of prices or a new downward rally is on the way. We will see this in the CoT report to be published Friday next week. I still can not find a driving reason for the breakout of 1300 level suddenly on Monday???
FX_IDC:XAUUSD
by CitRoN_RouGe
8
Stratis crossroads within rectangular pricemovementSix weeks ago Stratis broke a downward resistance line only to get caught in horizontal price movement. Current boundaries are around 0.001225 at the bottom and 0.0025 at the top. Still a very nice playingfield for traders! Currently Stratis price is at a resistanceline within this rectangular box (around 0.00166). A break of this intermediate line would see Stratis move up towards the upper horizontal line, otherwise the bottem of the rectangular box looms again! Be aware there are buzzes of news coming out for Stratis in the near future.. this might be the reason behind the last 3 green candles.. No way of knowing how the possible news will play out: break or disappointment.. be careful!
S
by yuri72
TRIANGLE ON THE GREAT BRITAIN Vs US DOLLAR SETUP FOR LONGTRIANGLE ON THE GBPUSD pair identified at 22-Aug-0630. A good setup for going long. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 141.29 within the next 14 hours. Supported by RSI above 50% Remember use good risk management. Avoid greed at all costs. NB: iMoneyCorp ideas are merely presentations of his analysis of the markets and not presentation of any actual position of the market at the present time. Copy them at your volition. Your capital is at risk.
by Capital75official