Recent stock markets rallies are on the heels tariff optimism. Looking at the market increase and simply the low volume rally in stocks I cannot help but think to think and anticipate some stock market weakness. I'll take a short on USD/JPY to capitalize on this. Yen will strengthen if stocks start seeing declines. I like the USD/JPY short here at these levels...
This is a perfect setup of for chart patterns! Left shoulder, head and right shoulder has formed price has dropped to the neckline. Price may break through neckline or bounce off as a correction then break through. Resistance is found @0.71750 whereas Support is located @0.70179 which is also found at the 50.0 fib level. This validates the neckline of the head...
Chart says it all. I don't care about capitulation candles. There are only two things that matter when measuring markets. Momentum + Psychology. To do this accurate we need to measure capitulation phases not candles. The more we grind to the NE direction the more confident we will become the bottom is in. Still too early to tell, but the weekly and monthly...
Follow me on twitter for more constant updates. I'm very active on there for intraday updates. Smash the Like + Follow if you found some value. Also drop a comment and tell me where you think Alt Coin's + Bitcoin are headed in the short-term. Also are you bullish or bearish on the market fundamentals and why? Thanks, Bobby PS - Always feel free to...
Hi all, Ripple (XRP) has seen a technical bounce off the oversold RSI with a 12% surge at time of writing. This successful turn of events has led XRP to be the #2 largest cryptocurrency by market cap...AGAIN. Is this just a technical short term bounce or is there some larger at play here fundamentally? Let's see what the chart says: -First you can see XRP...
1HR Double top break of NL Fib 61.8 % rejection Using an ATR for an SL
Trade based on Elliot waves. Recommneded levarage 5x
Daily -Tendency upwards -Price close above 200ema -Potential trend changing/ Ma's crossover -Pullback and close on dynamic support
Seems to all I've been calling recently (particularly for BTC), but it seems to be the gift that keeps on giving. BTCUSD 4 hour is showing a head and shoulders which would imply a proceeding bearish reversal. To compliment this we can also see our 9 MA is about to fall past the 26 MA which means current price is breaking down. I would expect BTC to hit the pink...
The price jus rejected resistance in 1.1677 - 1.16580 area on H4 chart. There is also 0.5 fibonaci retracement. For me this is enough confluence and I'm going short. R/r = 1:2 Entry:1.16332 SL:1.17 TP:1.15
Having a look at the dollar index. We are within a bullish channel for a few weeks now, after breaking out of the inverse head and shoulder pattern. Looks to be last week DXY started loosing traction. and fell to a near strong support zone as a parallel bullish channel trend. I am under the suspicion that fundamentals will be the driving reason behind dollars...
AS noted in my previous post, this MONSTER consolidation pattern, aka descending triangle, has been ranging for 10 days now, since that insane run from 300 to 800 in 3 days. This monster looks primed to break out again. And this is an easy one if it gets going with some good volume. Breakout: Around 630/650, breaking out of downtrend line of consolidation...