Get started

Turnaround

Are you stuck?Since the beginning of today's trading session, the pair is slowly rising. We still believe that the pair will fall below the 1.15 mark. However, at the moment, the price has turned around. The price began to rise not reaching the lower border of the corridor. On Thursday, amid fears of investors about the trade war and Friday's completion of the week, investors tried to record profits. Therefore, our pair stayed in the existing corridor 1.17-1.15 and this means that the 4th wave continued its operation. An alternative option would be a breaking of the upper boundary of the corridor and the price movement to the level of 1.1850. At the moment, we recommend waiting for the exit from the corridor and only then take positions.
Short
by SuperForex
Bounce againWe observe that our forecast worked and the pair reached the level of 7.100. Now we see on the chart that the most likely price movement will be reaching the level of 7.900 at the level of which reverse reversal is possible. If previously at previous levels the pair has already found local resistance levels, but in the current corridor (7.500-7.900) we have not yet seen such levels. A delay of only 7.6450 level is possible. Therefore, we advise you to occupy long positions with a target mark of 7.900.
BITFINEX:BTCUSDLong
by SuperForex
SPX Turnaround?Yesterday’s session was interesting for multiple reasons. Firstly the S&P configuration: Opening above the previous historic high but slowly eroding intraday from that new top, to end below the previous close in above average volume. Secondly, the technicals on the index suggest a reversal could be at play from a very high RSI above 80 (overbought). Thirdly, the VIX was up more than 21% intraday and 15% at the close. And finally, it seems options on major indexes saw a significant surge in traded volume yesterday (2x average). Could it be that fear is gripping the market ahead of a potential US budget shutdown? Or will there be a continuation in the current trend after the usual one-day breather? We will need confirmation over the next couple of sessions before we can definitively conclude, but Futures suggest a rebound today. The main trend remains upwards, and I remain long the market but mindful of a potential correction to come.
SP:SPXLong
by HAL9000
BTCUSD Bottoming outThe past two bearish pullbacks (after making a new ATH) have bottomed on the weekly Kijun, and the last three bearish pullbacks have bottomed on the weekly 20 MA of the Bollinger Bands. Due to recent FUD: all chinese exchanges forced to close (www.yicaiglobal.com -> take this with a grain of salt, anonymous source), BTCChina announcing themselves that they have been forced to shutdown (twitter.com -> which leads me to believe the latter statement to be true, they wouldn't close one exchange and let the rest keep operating) and wise-guy Jamie Dimon's rash statements about firing employees of J.P Morgan for trading cryptocurrencies due to it being a "tulip bubble" and a "fraud" (www.cnbc.com), I believe the selling is not over yet. Furthermore, as I write this it is currently pumping as the first move of this new daily (09/15/2017) without yet having a wick downwards to support this upward movement. Candlesticks tend, in 99.9% of situations, to have a wick in the opposite direction first to support a bounce back in the direction of the close. This would lead me to believe all these longs stacking up in the 3300/3400's right now heading up into the 0.5 fib are going to get wiped out and push this daily down to its final bottom ~3k at the previously mentioned supports which also coincide with the previous major ATH at the 0.618 fib. Idea on the 4H: Idea on the 1D: (furthermore price is just touching previous intraday resistance at $3483)
BITFINEX:BTCUSDLong
by FenixCapital