Get started

UPS

Bitcoin: BTCUSD Update Short set-ups from higher up Bitcoin:BTCUSD It's made a break above the small parallel and run into the first line of profit takers and sellers and so far holding up above that frustrating old dynamic. If you've gone long on the break above the parallel please raise the stop to right under the old dynamic - say just under 6575 - for maybe break even if this gets slapped back hard again. So long as the dynamic holds it at 6590 now it should push higher to 6700-6710 where look to take profits. Use these, if realised, as stops for the next trade. See the next dynamic waiting above? That's the short term upside target. The next hurdlle for bulls will be beating that line, turning it into support after a potentially lengthy battle and then from there Bitcoin should move up to 6940 at which point it becomes a sell again. The longer Bitcoin labours like this, even though it should grind upwards to touch 6700, the more it looks doomed, ultimately, to another big sell off. We have to catch it, but it really has to happen when we're awake, because it's so volatile. It's more a question of where the ideal spot will be to short it from...well it could turn out to be 6700, which is why we need to close out longs there on first strike (or set limit order). And if it's not from 6700, and this can be fought and won by the bulls, turning the near term dynamic (new on chart) into support after an inevitable battle, only then would the coast be clear for a tradeable long up to 6940 with stop under the new dynamic line by 50 points or so. And then its a short again at 6940-6950 with a stop 50 points above . This is complex still, not trending, and full of deceit and whip. It can only be free of it for a fleeting few minutes if it can bust through that line above it...why wait and wonder? close out. Go long again only if the new dynamic becomes real support on a retest from above, once broken through on upside. So we're looking for one more failure, from either 6700 or at best from 6940. The new dynamic will decide that - and our next move, as above. Be careful of getting carried away on the long side now. It's getting time for another retest of 5747 at least, if not of 5653. And potentially lower still to 5382.There's more downside than upside. Look for a potential top at 6700 and if that gets broken through, at 6940. If you short here use a stop 50 points above for 100 total risk. If the first position gets taken be ready to again at 6940.It should come back 250 points quickly. Take them if seen. That older medium term dynamic has to hold here at 6600 now for long to stay good..stops on longs right under by 25 -35 points for break-even if it fails now.
BITSTAMP:BTCUSD
by sumastardon
Bitcoin: BTCUSD Approaching key resistance - next trade set-up Bitcoin is now approoaching important resistance again at the break level/original shorting point from yesterday, at 6445- 6510, with the additional problem of the old dynamic support line that propped up the rallies from the summer lows hanging above it 6515. So it's a near term short for day traders from 6510 with a stop 50 points above but only back to 6300, maybe 6165. We need to look for next long potential for all traders if 6550 is breached on the upside, looking to get long on the first retest of the old dynamic (which we can see waiting just above current price on the chart) so looking to get long if Bitcoin penetrates the dynamic and then comes back down to test it from above and holds, looking for an upside target at 6940 before closing out and going short again. Yesterday into this Morning UK time Bitcoin hit the downside target centred around 5645 for a closed out 800 point gain (yesterday' 3 early trades yielded 200 points on the sell from 6300 to 6050, another 200 to 450 points on the buy from 6050 and then 800 points on the short from 6445 down to the first target cetred at 5645 - so a total return of 1200 to 1450 points yesterday) - before it all went wrong. We were looking to short Bitcoin again as it came up to test the upper parallel (with a stop 50 points above the parallel when touched) which was triggered. But Bitcoin never stopped at the parallel, it's power to contain the wave now spent, and telling us that downward pressure is waning, at least in the near term. So 50 points was lost here. We needed that plan B: watch for breaking of the parallel, then on next pull-back, the parallel must turn from resistance into support, holding up the first decline after breaking above it, showing the trend-change is occurring with this confirming signal, and giving day traders only a chance to go long on the retest (with stops 50 points under the parallel on first touch/first retest from above), looking for a rally back up to 6445 where any longs need closing out.
BITSTAMP:BTCUSD
by sumastardon
Bitcoin: BTCUSD New trade set-ups with clean chartBITCOIN: BTCUSD Update on Positions Not a bad day, so far but need to keep an eye on this short still...day-traders have made 250 points from the short from 6300 early in UK morning, then another 200 to 450 points from the long at 6050 just an hour later, depending on where you took profits and now we're short once more from the highs of the day at 6450 with a tight stop above 6515 which was never hit - and is now about 300 points in profit, so 750 - 1000 points profit today in a market that is down 200. This is what a chart that is so technically perfect can produce in the way of fast profits. If you can stay alert and act quickly this space is made for traders - there has never been anything better so far, in the history of speculation. It may not last forever (not Bitcoin, which is just beginning) but the perfection of the chart - but whilst it does we have to trade it. Also longer- term readers will know that catching this monster has been the long term aim of this quest since the chase began - we really want it tagged, bagged and thrown in the freezer, the ultimate trophy catch for any serious speculator (or investor if you fell better with that). So maybe we'll get a chance for that later...maybe. But like Ahab on the quest to catch Moby Dick, you gotta stay in the boat to have that chance. Time will tell, as always. Right now we're still short...think we can move the stop down to protect some profits...the central parallel is still bossing this impulse wave as we can clearly see from the chart - whilst it stays in control of the move down we can stay short, hoping for another massive bear raid to come out of China which ideally will drive price down hard to at least make a double bottom at 5637 and potentially to then fall further still to 5113-4973 range where it will become a buy again if we see it hit. LONG Story Short Yeah, right. Difficult to try cover all scenarios: Stay short, using the central parallel as exit (break above here, followed by successful retest from above: newbies please beware: ideally you should just follow for a while and check back over older Bitcoin posts on Sumastardon pages on Tradingview.com to get a better understanding of trading break-outs etc). If the call goes to plan and the central parallel continues to control this move, repelling every encounter the short stays on down to 5747-5637 first target. Then we close out. It will probably try to make a double bottom in this range (which could well extend right down to the low in China last night again, at 5561 at the extreme). Still don't think that this range will likely be the final bottom, but it should create some kind of stall at least and really should trigger a bounce if touched (doesn't have to though, those Chinese can get pretty scared at times) so cannot recommend a quick counter rally long here because the stop is too vague right now - for the first time since Bitcoin began to unravel it didn't bounce exactly off a given fixed support line (blue lines) but exceeded it by fully 80 points - so am less sure about exact level to expect a bounce, making a sensible stop impossible to figure right now...but if Bitcoin does come all the way down to the exact low at 5561 within 10 points either side it might be worth day traders getting long with a stop 50 points lower for small loss if wrong. But we need to be ready to turn entire position round on any fall below 5510, shorting down to 5113-4973 range (with stop placed at 5610 if this trade is triggered) and ready to buy back and go long in this important range with a stop 100 points below 4973 - if this range is tested later it's the ideal place to consider a longer term 'investment' in Bitcoin (ie Slinging it in the freezer) as it looks the perfect range to get long again. But if wrong we need a plan B, worked out in advance: to go wrong, firstly the central parallel needs breaking to tell us the pressure is finally lifted, then it needs to use the
BITSTAMP:BTCUSDShort
by sumastardon
2
Bitcoin: BTCUSD Update on Shorts, next trade set-upsBITCOIN: BTCUSD Update on Positions Not a bad day, so far but need to keep an eye on this short still...day-traders have made 250 points from the short from 6300 early in UK morning, then another 200 to 450 points from the long at 6050 just an hour later, depending on where you took profits and now we're short once more from the highs of the day at 6450 with a tight stop above 6515 which was never hit - and is now about 300 points in profit, so 750 - 1000 points profit today in a market that is down 200. This is what a chart that is so technically perfect can produce in the way of fast profits. If you can stay alert and act quickly this space is made for traders - there has never been anything better so far, in the history of speculation. It may not last forever (not Bitcoin, which is just beginning) but the perfection of the chart - but whilst it does we have to trade it. Also longer- term readers will know that catching this monster has been the long term aim of this quest since the chase began - we really want it tagged, bagged and thrown in the freezer, the ultimate trophy catch for any serious speculator (or investor if you fell better with that). So maybe we'll get a chance for that later...maybe. But like Ahab on the quest to catch Moby Dick, you gotta stay in the boat to have that chance. Time will tell, as always. Right now we're still short...think we can move the stop down to protect some profits...the central parallel is still bossing this impulse wave as we can clearly see from the chart - whilst it stays in control of the move down we can stay short, hoping for another massive bear raid to come out of China which ideally will drive price down hard to at least make a double bottom at 5637 and potentially to then fall further still to 5113-4973 range where it will become a buy again if we see it hit. LONG Story Short Yeah, right. Difficult to try cover all scenarios: Stay short, using the central parallel as exit (break above here, followed by successful retest from above: newbies please beware: ideally you should just follow for a while and check back over older Bitcoin posts on Sumastardon pages on Tradingview.com to get a better understanding of trading break-outs etc). If the call goes to plan and the central parallel continues to control this move, repelling every encounter the short stays on down to 5747-5637 first target. Then we close out. It will probably try to make a double bottom in this range (which could well extend right down to the low in China last night again, at 5561 at the extreme). Still don't think that this range will likely be the final bottom, but it should create some kind of stall at least and really should trigger a bounce if touched (doesn't have to though, those Chinese can get pretty scared at times) so cannot recommend a quick counter rally long here because the stop is too vague right now - for the first time since Bitcoin began to unravel it didn't bounce exactly off a given fixed support line (blue lines) but exceeded it by fully 80 points - so am less sure about exact level to expect a bounce, making a sensible stop impossible to figure right now...but if Bitcoin does come all the way down to the exact low at 5561 within 10 points either side it might be worth day traders getting long with a stop 50 points lower for small loss if wrong. But we need to be ready to turn entire position round on any fall below 5510, shorting down to 5113-4973 range (with stop placed at 5610 if this trade is triggered) and ready to buy back and go long in this important range with a stop 100 points below 4973 - if this range is tested later it's the ideal place to consider a longer term 'investment' in Bitcoin (ie Slinging it in the freezer) as it looks the perfect range to get long again. But if wrong we need a plan B, worked out in advance: to go wrong, firstly the central parallel needs breaking to tell us the pressure is finally lifted, then it needs to use the
BITSTAMP:BTCUSDShort
by sumastardon
1
BICOIN:BTCUSD Next swing trade set-upsBitcoin BTCUSD Update Too Whippy Got stopped out around even at 7060 this time. Still unconvinced by the rally attempt and looking at that pattern it should fall much further still. Yet, we've seen how tricky it is selling now, with two pin bars on the 2 hour chart, so although bearish this area here between 7137 resistance and support at 6935 is too full of whipsaw so am staying on sidelines having blown 40 pips on bad trades here today. Prefer to wait for one of two signals for next swing trade and leave this range we're in now to day traders to fight over until one side wins the near term: Any break below 6910 will trigger next short, as well as completing the head and shoulders formation above it - with a minimum downside target at 6312, bouncing off the lower parallel as it descends. It could actually spike as low as 6165 at the nadir but should then bounce again powerfully from here, if not from 6312. This scenario looks more likely - but will not necessarily prevail, so still need a plan B in case the upper parallel is broken on the upside at any point (with a successful retest as described in earlier posts) - Bitcoin will have to move above 7135 and then hold up here on the next minor pull-back which will force it above the parallel and away from the clutches of this downwave. Don't think this will happen, but it's Bitcoin. Anything could happen!
BITSTAMP:BTCUSD
by sumastardon
BIITCOIN: BTCUSD testing upper parallel and still vulnerableBitcoin: BTCUSD Got to sleep sometime unfortunately. Sure enough Bitcoin made its low at 6928 after making an initial low off the lower large parallel and bouncing it then came back to make a double bottom low at 6928 before doing what it was meant to...bouncing up to test the upper contolling parallel. Annoyingly, after trying to avoid getting stopped out of a good trade, exactly that happened, the first time for a while that Bitcoin has created a false trigger on that first break above 7135. Shit does happen, even with Bitcoin, sometimes. Anyway the levels given have been spot on pretty much all through this run up and back down (to the point on downside) so please don't be too pissed...we have to accept the occasional false break: no chart gives out perfect signals every time though Bitcoin comes close most of the time. Accept. Move on to next trade: we're pretty much at the next stage forecast in last comment, now: testing the upper parallel. Day traders will have bought off the predicted low at 6928 with stops below but will be taking profits here, forcing Bitcoin sideways towards the upper parallel where it should fall away from again when it gets touched (short with stop above for day traders' next play). Bitcoin will struggle here and it will become vulnerable to another sell off once it's touched the parallel at 7232. It could develop into another large down-wave from here, but doesn't exactly have to...still prefer to be short from the parallel with stop above when it gets touched soon now.This is still a space for day traders right now. For that to change from here that upper parallel needs taking out on upside, then on a retest it has to hold up as Bitcoin comes back down on next minor pull back (might not see it if a large green candle starts to form so this entry will need watching over if and when it arrives)...but if and when that upper parallel gets broken on the upside will be the time to think about going long again or increasing positions (ideal will be a break aove the upper parallel followed by retest which takes Bitcoin back down a little lower as it tracks the parallel downwards for a while before rallying powerfully). Until we see that happen this is still day-trading territory.
BITSTAMP:BTCUSDShort
by sumastardon
USDJPY Trade set-ups for this week's Fed outcomeUSDJPY A battle royale is raging between these two heavyweights, caught between the lines of near term support and resistance shown on the chart. The fight could go on until Thursday at this rate when one of those two lines should finally give way... It's OK to buy at 113 (with a stop no more than 20 pips away) but would still go flat again at 114.30-114.50 as it's now become such a big level, where fixed resistance frrom a triple top meets the dynamic resistance line falling from the highs. Not looking to short again from 114.3 because DXY is saying the break, when it comes, should be in favour of the Dollar, not the Yen. Therefore unless daytrading this pair needs watching over, awaiting the break (whichever way it comes) for the next worthwhile swing trade... Upside break for USD: USD needs to break above 114.3-114.5 to rout the bears and trigger a flurry buy stops and fresh buy orders just above here - a very bullish outcome - breaking through tough converging lines of overhead resistance in the process. This would create a medium term upside target at 118.1-118.6 for swing traders and a nearer term upside target at 115.3-115.6 for day traders. USD will be likely to fall away again from here, coming back to test 114.5-114.3 range one last time before rallying towards 118. Downside Break for USD: A break below 112.85 (first trade) should result in a fast test of 111.73 - then, only when 111.50 gives way can a more a prolonged period of dollar weakness be expected back to 108-107 range (second short trade) - ideal for swing traders, if we see it. Either way, there should be some good trades emerging over next 48 hours on this pair. Consider setting alerts for either eventuality...
by sumastardon
Slight Drop Ahead For UPSOn May 2, 2017, the UPS 100 day moving average (DMA) crossed below its 200 day moving average (DMA). Historically this has occurred 12 times and the stock drops a minimum of 0.531%. The median drop is 2.948% and maximum drop is 7.001% over the next 17 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 52.3348. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is relatively neutral and may not have major sudden price swings. The true strength index (TSI) is currently -2.4060. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is trending up. The positive vortex indicator (VI) is at 0.9788 and the negative is at 0.8750. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock has been slowly cycling with crest to trough occurring in less than 14 days. With both indicators below 1, anything can happen. The stochastic oscillator K value is 66.0265 and D value is 77.6110. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock exited overbought territory and should continue to decline. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be pointing down. Based on historical movement compared to current levels and the current position, the stock could drop at least 1.91% over the next 17 trading days.
NYSE:UPSShort
by StockSignaler
Ups Stock To ShortUps is looking good as moving in downtrend and if it breaches the Lower Trend line Then there will be a good opportunity to short this stock up with take profits @ flag UPS. United Parcel Service, Inc. (NYSE:UPS) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a research report issued on Monday. They currently have a $119.82 price objective on the stock. Vetr‘s price target points to a potential upside of 3.83% from the stock’s current price.
NYSE:UPSShort
by 2Smart2Trade
DOW Transports To Retest Recent Lows(Note: DOWT is no longer in a bear market after rallying the last two weeks) 2015 was suppose to be just another year of the epic bull market created by reckless central banking policies. Some Wall Street estimates for the S&P 500 were as high as 2,300. Me? I projected a contraction to 1,810 in mid-January. Whether or not the SPX will reach my target within the next 10 weeks, or so, is uncertain; but what has been quite clear is the scaffolding holding with risk assets around the global has been crumbling for sometime. In " Is A Storm Brewing? How History is Repeating Itself ," I was clear and concise in what 2015 had in store (posted Jan. 13, 2015): I support the idea that we are on the precipitous of something disastrous. Those who constantly look at underlying factors and notice the shifts in the FX, commodity and economic data are witnessing that the latest boom cycle is on its last leg. In essence, the post was a summery of the marco trends few wrote about because everybody indulged in the feel-good of rising stock prices. The post ended quite ominously: "2015 is going to be mercurial…" On March 26, I indicated that the DOW transports looked technically weak. Price action had been consolidating early in the year, much like the SPX. The index made several lower highs, higher lows and finally broke support at 8600. Nobody was even looking at the transports as a potential catalyst to drag the broader markets lower, even though that is historically the case. For instance, Cowen Group's Head of Sales, David Seaburg, said, as late as June 25 (after the the transports already began weakening underneath consolidation), "Everyone is up in arms about the transports, but the underperformance has very little to do with a weak economy and has more to do with the structural issues within the sector." Seaburg also said that "I DEFINITELY don't see any downside (broader markets) necessarily." Almost a month-to-the-day, not only did the DOW and SPX hit their first 10 percent correction in four years, the DOW transports fell into bear market territory. Awkward. Those that live by subjectivity, die by subjectivity. The broader markets did receive a massive bounce following the largest NYSE short-interest since the Lehman Brothers collapse, but the transports has been rejected twice from 8,250, or the 23.6% Fib. retracement from the 2012-lows. It's important to note that central bank credibility is fading fast, and traders will become more wary as the year winds down. Structurally, the index looks weak as earnings have been lackluster to not good at all. EMAs are showing bullishness on the daily, as they are sloping upward. However, a close above 8,250 will be needed to garner any significant technical buying in my opinion. Price action is within a large symmetrical triangle with price support of 7,970 cutting through the middle. This key, near-term support level could determine whether the index will test triangle support, which is supported by price support of 7,790. A confirmed close below the triangle support will cause transports to retest the 2012 ascending trend line. I expect fundamentals to continue to deteriorate into 4Q, and the transports to challege 2011's trend (between 7,200 and 7,300). Conversely, a close above triangle resistance could cause a rally to 8,500. Please follow me on Twitter @Lemieux_26 Check my posts out at: bullion.directory www.investing.com www.teachingcurrencytrading.com oilpro.com
DJ:DJT
by CommoditiesTrader
6