BTGUSD Next Short Set-Up from Here The wider spread compared to BCHUSD has seen volume shrink away on this pair and swell on BCH. But it's still a good shorting vehicle nevertheless. It halved from 26 to 13 in a matter of days for example. "No coin is ever too low to sell" - to update a W D Gann quote for the 21st century. The downtrend is still strong here...
ETHBTC This has been a good short through most of August, down 20%+ from the 542 break level to 426 now. There was a second chance to short again from the lower green arrow as it broke the continuation pattern at 46 which has yielded close to 10% this week. But it's making a little double bottom here and the near term downside target has been touched...
XEMBTC NEM BITCOIN Dead Man Walking NEM is another coin being marched down a slow road to oblivion. Once 15 is broken it should fall away to 12 and then 9. Continue to sell rallies back to the upper dynamic and/or the break below 15 when it comes. 48/7 36/5 25/4 18 15 12 9
ADABTC Cardano/Bitcoin Testing support at 141 but still not looking to buy it. Waiting for a break below 141 to short again back to 124 initially and then 903 and finally 60-57. No coin is too low to sell if the pattern is strong enough to do so. Best case scenario for this one is a counter-rally back to the dynamic above it before it falls away again. If so...
The Dow began its history with 12 constituents and grew over time to become the Dow 30 that we know today. There's those numbers again. The old lady is now 122 years old and still as beautiful as the day she was born. But beauty is in the eye of the beholder. Maybe she doesn't do it for you... Dow Futures Update DJIA1! This index had to stay above the 25702...
BTCUSD Bitcoin - Next Trade Points from here Bitcoin broke lower overnight but stopped just a few points above the 6226 line on Bitfinex and then rallied back above the 6312 line, dancing either side of it for a couple of hours as it made a small bull pennant before surging back to retest the upper boundary of the triangle again. A Groundhog day. Price has now...
AlphaBet GOOG Defining Day Ahead This turned a little tricky on Friday. A mean/invisible gap on the 15 minute chart and not even there on the 60 minute completely arrested the decline fully 8 bucks above the 1180.85 target line. The stop was then lowered to 1201 to protect what was left of the profit from any shorts from the 1206.28 line - the original gap...
ETHUSD ETH has been a fabulous short all the way dwon from 399 in a succession of trades over the summer. Left this one looking for a bounce from 252 and by chance happened to write on it last at exactly this point. At least shorts were closed out there but really should have reversed long there too. Easy to say that now of course.... It's afe agin whilst it's...
Litecoin LTCUSD Trader's Choice Continuation pattern off the next support line so far. But this is also set to deliver a decent each way bet over the coming 24 to 48 hours or so, depending on which way it breaks from here. Any break above 62.3 and the upper parallel would be a very bullish signal for a short term spurt to 72.42 where it should fall away...
Stellar XLMBTC This is moving nicely inside a 10% range in the centre of a larger triangle. Any break above the 3733 line will mean a 10% rally to the upper limits of the larger triangle where it should fall away again. For fastest ALT updates please see link at top-left of main page
NEOUSD Update and Next Trade Points It's been a week since the last scan across the top 20 or so coins. A lot has happened in 7/8 days. Remember that no coin is too low to sell and likelwise in a bull market no coin is too high to buy. Remember also that we play a game of probability. Some play momentum and volatility and some play hunches and mistaken beliefs....
BTCUSD Bitcoin Another Potential Inverse Head and Shoulders in Formation Bitcoin has held up well overnight and is now making a lazy attempt to grind higher and potentially to complete an inverse H&S with a minimum upside target at 7400 - but the biggest test will come at the neck-line at 6615 on this feed. It has to break above here on rising volume to...
NAS100: Nasdaq 100 Index - An Important Week Ahead Nasdaq never made it to 7518, failing badly at 7495 and then breaking the first support at 7479 and then falling another 100 points to 7380 before bear closing in the last couple of hours on Friday took the index back to the 7414 line and a newly forming dynamic resistance line just above price now. It should...
GBPUSD Sterling has spent all of August in free-fall. After breaking below the support line at 1.3029 it's finished the week right on the next line of support at 1.2766 after a low on Friday at 1.2723 . It should counter-rally some more from here, potentially as high as 1.2928-1.2957 at best before it comes off again back to current levels at least. On the...
DXY Dollar Index The dollar broke above the 95.53 line on Friday on DXY chart and surged to within 4 pips of the next line at 96.49 by the end of the day before halting. It's a little overbought and should come off from here back to retest the 95.53 line before rallying once again. At some point fairly soon it should go on to break above the 96.49 line and move...
EURUSD EUR broke important support at the 1.15088 line on Friday and then collapsed in a near straight line towards the next line of support at 1.13679, after making a low 19 pips above here so far. All these lines on DXY and Gold and here too are weeks old and none of these charts have had to be updated or amended....showing how slooooow most markets are...
Bitcoin Saturday Trade Set-Ups for the Aficionado BTCUSDT BTCUSD: Bitcoin Saturday Trades for Die-Hards A slow overnight session has given way to a slow start to Saturday trading. Bitcoin has held up though and if still long here is about 80 points up on the last entry at 7375. Looks like we're stuck with scalping still for now looking at the lack of interest...
Nasdaq 100 Index This went OK yesterday but could still have been better - the long from 7220 went well up to 7297-7310 and then there was a second long from 7310 which is currently up 75 odd points. As with the S&P this is making a small flag centred around the 7377 line. Might as well stay with it for now, raising the stop to 7367. It has to break back below...