dchua1969

dchua1969

I don't know about you, but this has happened to me one time or another before I learnt a few things about trading. 1. This is a probability and NOT a certainty game. Whatever indicators used, are at best a guide and cannot be the holy grail (else wouldn't the creator be multi-millionaires by now?) 2. Patterns - While some said there is a preceding patterns to...

dchua1969 Updated 

I see two camps emerging from the chart patterns. 1. The late buyers who were chasing it at 15,000 to 18,000 price zone and suffered losses when it collapsed to 10,000 level. Now that price is coming back to 12,000 - 13,000, some might be eagerly awaiting to unload some. 2. The spate of negative news circling round the media about how each country's central...

dchua1969 Updated 

It is approaching the first resistance level at 50% FIB level, it may or may not retrace. If it does not, it would continue to go upward to 618 FIB level and retrace before moving higher up.

dchua1969 Updated 

Price action rejected by the 618 FIB level, expect a pullback . Day chart is bullish, with price closing above 21 EMA, once this pull back is completed, we will review again.

dchua1969 Updated 

A Cup and handle pattern is identified on the Day chart with the right handle forming in process (see double yellow line) Short term selling opportunities, go to lower time frame to see better price entry

dchua1969 Updated 

Read Jeffrey's interview here

dchua1969 Updated 

www.marketwatch.com

dchua1969 Updated 

When the world goes on a frenzy with Cryptocurrencies and you read or know of someone mortaging their homes or swiping their credit cards to buy bitcoins, it is in some way a warning signs for us. Yet a member asked me but each time they say it is going to fall, the price miraculously goes up higher. I don't want to miss the action. This is a lifetime opportunity...

dchua1969 Updated 

Awaiting for the last bit of selling to complete before the rebound begins. Trade safely

dchua1969 Updated 

See chart for explanation

dchua1969 Updated 

Coming down to 618 FIB level, see chart for explanation

dchua1969 Updated 

When faced with crossroads like this, what do you do? It can be a 50/50 chance that it goes either way, up or down. Sounds like a no-brainer, huh? Trying to pre-empt the move and getting it right may be ego-satisfying but in the game of trading, I have learnt to put ego at home and not mess with Mr Market. Let him decide and follow his direction. That means,...

dchua1969 Updated 

www.zerohedge.com I sometimes wonder the countries that ban cryptocurrencies. Don't they hire scholars from all those famous Universities that only the commoners can admire to go to? Policies, plans and what have you are carefully designed, discussed till the face turns blue and endorsed by the higher authorities. How can they possibly not see where the future of...

dchua1969 Updated 

www.bloomberg.com A Twitter user with the name of Victor M. said "im seriously considering suing kraken. anyone interested as well?" The Tweet got more than 300 likes. A user with the name North Canton Cab Com tweeted to Kraken saying "due to the length of down time can you at least assure us that our coins and accounts are safe and havent been hacked or stolen...

dchua1969 Updated 

See chart for explanation

dchua1969 Updated 

Retesting the price zone of 1.62 and hope it would breakout of the 382 FIB Level after 2 failed attempt. Goto smaller time frame to enter your position.

dchua1969 Updated 

It appears several pairs of cryptocurrencies are falling now.........

dchua1969 Updated 

The coming down to the 618 FIB level coincides with the peak of 1st August 2017. I am expecting a rebound from here.