zec is often a menacing coin but it actually looks like it has relatively good upside over the next few months. buy n hold. invalidation under somewhere
10:00 gmt 05:00est Saturday Bitcoin Bitmex Chart Update
After holding up overnight Bitcoin began to break higher above
7450 at 06:00 am in Europe triggering the next long to the
7624-7735 range with a high so far at 7681 on Bitmex.
In doing so Bitcoin is defying the bears as it tries to complete
the RHS pattern we've been watching develop over the last
few...
EURUSD Trying For Break-Out Counter-Rally now
Using DXY as the confirming signal (please see DXY updates)
we've been short EURUSD for some time now, looking for a
test of 94.20 on DXY as the likely medium term top for Dollar
strength across the pairs. That came yesterday (too busy
shorting Bitcoin to notice, sorry for that).
But EUR didn't quite make it to...
EURUSD Update
After rallying from the downside target off the 1.1721 line
EUR has made it to the near term upside target centred
around the 1.1821 line and been met with a barrage of
persistant selling from there over the last 6 hours creating a
series of rejection spikes above the line.
If you shorted from here again lower the stop to 1.1787.
It's been sold...
Bitcoin BTCUSD Trying Hard to Change Trend
Bitcoin broke above the 9537 line here and then moved up to
testthe upper parallel, making an 02:15gmt/21:15est high
within the first hour of far East opening before falling away
\again to an 08:15gmt/03:15est low right on the blue support
line at 9373 before bouncing again on European interest at the
lower levels....
Bitcoin BTCUSD Next Buy and Sell Points
The weekend rally ran out of impetus by Sunday night with no impetus still from far East. Since then Bitcoin has zig-zagged
back down in a continuation pattern, finding support from just above fixed and dynamic support junction at 10772 on
Bitstamp chart and bouncing back up to test the parallel above it before...
DXY Dollar Index
The Dollar Index has fallen to the next blue line of support
91.76 after an intra-day low at 91.75. It's trying to hold here.
It's still trapped in a near term downwave and struggling to
escape. It's already made one attempt to escape the down-trend
and is trying again now. There are pins forming below the low
and above it too on the 2 hour...
IOTA IOTUSD
The rally yesterday fizzled out from the upper parallel of a newly forming continuation pattern. Using a trailing stop under the
day's little dynamic that had underpinned the rally from inception at least meant escaping the worst of the ensuing
decline by triggering an exit at around 4500 but it was a poor call nonetheless. If you reversed short on...
IOTA IOTUSD Update Trying to base here - Buy points
Within minutes of publication the little dynamic support line that had held upyesterday's rally was broken, flipping IOTA
from positive back to negative on a dime. Stops for longs were running up under the parallel as price moved north. Well it
was good whilst it lasted but once that little dynamic was lost...
DXY Dollar Index Update Near Term Neutral but Dollar Trying to Base
DXY did come off from where it was meant to last week but
has put up more than just a fight so far in the 92.74-92.50
range. The fight back was to be expected, but it's doing
better than envisaged so far here - and these conclicting
signals urge caution now ...no interest in getting involved...
Bitcoin: BTCUSD Update
Over the last 12 hours or so Bitcoin has formed a continuation
channel , dropping out of the lower parallel as London opened
and falling away, making a bounce from support line centred
around 7150 and then rallying up to the next listed old
support/new resistance line at 7250-7274 where it fell away
again under the heavy weight of...
