Bitmex, Kraken, Bitfinex, etc. are following the CME futures moves. When margin trading btc, use low leverage and never bother looking below the Daily chart. This entry strategy has been working all year, i'll continue to use it until it becomes unsuccessful.
Something to look out for in the following weeks. Expect the gap down Monday morning. Or you can wait for the media to tell you that the Chinese yo-yo of trade talks are now "stalling the market". Because thats what drives the US Market? SMH More on the evening star pattern. www.investopedia.com www.chart-formations.com
There may be some short term manipulation/fake breakout to the upside but overall, this is headed down. Take a look at both the EXY and DXY
We should all expect the Chinese exchange to lead the charge in the next Alt run, BNB will move quickly.
Trading plan based off of Chinas bullish cryptocurrency views. Using fibs and support/resistance to find TP targets.
The 1-2-3 Trend Change is still in play. Expect a quick and clean break and retest of the 50 cent region to end the year. The next leg up will be just as strong and i'm expecting a dip back to the fibonacci golden pocket (61.8 - 65%) which should coincidentally line up with the 50 EMA at that point in time. I'm expecting this chart to unfold like bitcoins bull run...
GPH has been consistent with trading towards support/resistance levels. Nothing fancy here, just looking for breakouts from these levels. Hard to say where the bottom is, looking for a higher low.
Chart explains it all See below for explanation of fib targets and feel free to back test for yourself.
If we see Alts pump this quarter, keep an eye on these areas to take profit.
Fibs/ Support Resistance/ EMA's Wait for the break of both EMA's
Yearly Reminder: Bitcoin has a well established love for the 61.8 - 65% fib zone. Both in a Bear market and Bull market. Are we ready for another leg up?
Breakaway gap almost filled. Support will be found here before falling further
Long term trend line approaching. A breakout would lead to a re-test of the trend line or an immediate test of the 50 EMA. These will both serve as support when broken
Inching closer to a recession but there's still room to the upside in the S&P 500. The end of this year should see some rejection in the gray box highlighted above. Targeted this area using fib extensions and the theory of breaking the 3000 psychological trading level as a form of a bull trap.
Daily 200 Still holding strong, once we break and close below. We will start seeing lower highs, the death cross, and mass media popping the bubble. Watch bitcoin and gold prices during Q4
I don't care for Charlie Lee or LTC but I will ride the waves when they present themselves. The monthly chart looks good and September is lining up to be a green month. Nobody is sure how Bakkt will affect the market, but when CME launched, that kicked off the bear market. Just waiting for the long term trend line bounce thats also lining up with fibs and...