BTCMarket

BTCMarket Updated 

Daily, Weekly and Monthly Pivot support levels + positive divergence. Possible to wait for breakout before entering or buy on dips at the 1.618.

BTCMarket Updated 

The Dax found support right where you would expect and gifted us with a higher low at the daily and weekly S1 pivots. I have entered at 10405 with stops below 10315 and expecting a move to at least 10540 leaving the RR at about 1.5 which is ok for a scalp play. There is also a longer term play which could be considered and is visible in the chart with self...

BTCMarket Updated 

GBPNZD Scalp to the 0.618 opened stops very clear in chart. Low risk scalp either at the break above or now. Regards

BTCMarket

With nothing on the economic calendar for either of these currencies today it opens the door for a technical move lower. We spent a considerable amount of time hovering below the 50% fib pullback (0.85756) and didn't find any buyers to bring us higher so with nothing notable today we could see some selling push us lower. We have an upward slopping trendline that...

BTCMarket Updated 

AUDUSD beginning to offer a good shorting opportunity. Most but not all of my trades I prefer to wait for confirmation which is less reward but less risky imo so here is one such possibility. AUDUSD is wedged in a position where it will soon move to the downside but I will only be opening a position after the break and retest of the lower band or on "a move...

BTCMarket Updated 

Shorted USDCAD stops above the last high will only allow myself to be stopped out on an hourly bar close above the prior last high, this is to avoid any sudden spikes or fake outs. A lot of room to run lower here with plenty of downside targets to choose. Regards

BTCMarket Updated 

A picture is beginning to develop for this pair that is only now becoming clear. I updated my followers with my last position for this pair which you can see in the chart below. I have now exited that short position and have begun exploring to the long side. We can clearly see a rising trend-line being respected as buyers stepped in to defend these levels,...

BTCMarket

Not trading this only publishing to come back to it in a few months time. Just food for thought in case anyone had any strong bias either way.

BTCMarket Updated 

Going long here for a move back into the 580's. Decent R/R for this scalp, Bitcoin showing signs of basing with a good potential for a short term corrective bounce. Looking to get in and out of this trade with minimal risk.

BTCMarket

ETH remains stuck in a range offering "buy the dips, sell the rips" opportunities for traders with very defined RR entries. I'm not a huge fan of MA's but ceding ground here to others that follow it we can see the daily looks set for a move down as both the 100 and 200 offer resistance above. Fairly straight forward trading here, buy low, sell high and if either...

BTCMarket Updated 

ETC/BTC starting to look like a "potential" continuation pattern. Three situations are we break higher which is looking under threat at the moment, we form a type of double bottom seen in the chart or it's a large continuation pattern with a target of the 161.8% extension target. Since things are looking 50/50 for me I have reduced my risk by half taking profit...

BTCMarket Updated 

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BTCMarket

This plan will be put into action at the first instance of bankruptcy proceedings against Bitfinex. I will use the 10W MA as my stop loss level and look to open a short position on the next move higher which I suspect will coincide with Bitfinex relaunching their website and or any functionality involving the withdraws of alt coins and or USD. I believe there...

BTCMarket Updated 

The last 2 summers have seen the same exact thing, we run up in May/June consolidate in July then selloff in August. I'm staying short as history shows August is a bad month for Bitcoin.

BTCMarket Updated 

Looking to go long at the 50% + 200Dsma + channel support. Will be watching into next week for signs of weakness and a potential test of the 200dsma where I will be looking to enter. The daily has positive rsi divergence but it still leaves room for the bears to test this lower level while still maintaining a bullish structure of higher highs and higher lows....

BTCMarket Updated 

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BTCMarket Updated 

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BTCMarket Updated 

I'm bearish the Dax which might be going a little against the grain here but I think this consolidation is now coming to an end and see a good RR reward here if price breaks to the downside. At this level the risk is minimal and I've now entered at 10070 with a stop at 10160. If price does break up and makes a new high above consolidation I can then have my eyes...