ZDRuX

ZDRuX

I don't think any institution with any meaningful amount of capital (pensions funds, hedge funds, governments, etc..) will dedicate any of that capital to an asset that's already up 200% from it's last lows. This will likely be a very obvious sell-the-news events after the fact. Even if you're a forever-hodler, JUST BE PREPARED!

ZDRuX

Don't let emotions control your trading. Be patient, and you'll be rewarded. Don't expect any bullish rallies anytime soon. Wait and hunt for the trade when the time is right.

ZDRuX

Price has broken it's down-trend. Massive volume is coming in, and the coin provides serious value at this price! Just look at that price action!

ZDRuX

Looks like $DGBBTC (DigiByte) has built a nice descending wedge and has already broken the upper trend-line with some volume coming in. Might move much higher considering founder will be presenting their DiguSign product in front of CitiBank, FB, MSFT, and others during June 9th competition.

ZDRuX

As per my prior post regarding the gold miners I linked (which are usually the first to show their hand), gold has hit a double-top to retest the highs of the .618 retracement from the prior high. I believe you have a great opportunity to enter at a great risk/reward level here. Dollar is bouncing off a major support now, and this is where I see gold going. Best...

ZDRuX

Miners have had an amazing run for most of 2016, but now it's time to get back to reality. The over-all monthly trend is still DOWN, and markets don't turn around on just one bounce like we've had at the beginning of 2016. This retest is the bears trying to continue the bear market, will they succeed? I don't know; I'm here to make money, but I know they will...

ZDRuX

Completed .618 flag retracement. Will move lower now. It has a nice double-top big bearish candle rejection if you zoom into the daily that confirms start of down move.

ZDRuX

Another fairly easy and simple short. Don't complicate your trading, just look at the chart. Best of luck to all.

ZDRuX

Tightening wedge, ready to give any day now. Expect sharp move lower after multiple failed upside attempts in an overall bearish trend.

ZDRuX

NZDUSD is in a corrective pattern. Currently kissed previous support from underneath, with a double-top that failed to break to new highs. Expect this pair to start a long and harsh journey MUCH lower.

ZDRuX

As markets have a tendency to do exactly opposite of what most think, there is nothing left for the euro to do but rally back to prior major resistance for another retest. Everybody and their dog were bearish on the euro, which is probably correct; just not at this time.

ZDRuX

The NZDUSD has started a new multi-month down leg. The channel has been formed as pictured. You can use this bounce to get a 2nd chance at shorting near the highs on its way down all the way to 0.4980.

ZDRuX

EURAUD is in a pullback/consolidation pattern. It is building a quite nice and tight bullish flag, so put this on your watch liist and monitor for breakout. If you're an aggressive trader, you can buy the bottom of this channel. There is a interest rate decision on September 6th, which I think will be the catalyst that sends higher out of this flag, so you may...

ZDRuX Updated 

I see some people trying to buy up this recent drop after Brexit. I've seen charts showing there is an inverted H&S on the 60 min... guys, this is why retail traders lose money. This is nothing but a continuation of the drop. It's a dead-cat-bounce, the move down is NOT YET COMPLETE. It doesn't even have anything close to a double bottom or a reverse head and shoulders.

ZDRuX

Doji at top of wedge with a bearing candle afterwards. With the $DXY at major support, any sharp snap to the highs may send oil lower. Just FYI - something to monitor.

ZDRuX

Offered with no comment.

ZDRuX

This wedge is building strength and coming to an end. Lots of buying at the lows. Not sure if it will get another rotation inside the wedge, but it looks pretty ripe for a move up.

ZDRuX

Not much to say here, a very strong push upwards on this last retracement inside the channel. Price did not even make it to the lower band before exploding, telling me this is the one. Good trading everyone!