Even though AUD/USD is "above" the VWAP, it goes bearish and is about to break the VWAP.
There's not yet strong signal which indicates you can sell but in my opinion you will have to sell today.
AUD/USD to keep watching closely.
This can be a consolidation period, we will see till Thursday.
Anyway, at H1 the price is under RIS 50 levels, and on a D chart, MA200 remains as a reliable support level. The future price movements, going under RSI 50, braking MA200, or staying above should be a trigger for the next play
Bitcoin Good Friday?
Some spectacular price action overnight with a massive
counter rally from lows at 6630.
No obvious reason for this rally either. No imaginary Fibo, no
It looks untrustworthy and has rallied to the spot where it
should stop and fall away again at 7316.
If still short can stay that way with stops above 7316 for...
We are officially above the neckline on the 4hr chart!! And with only 4 minutes left to go before this 4 hour candle closes...we may actually close this candle above the neckline! Very exciting time to be invested in btc! Now remember folks we still even if it closes above the neckline on the 4 hr chart are going to need the next 4 hr candle to close above it as...
Bitcoin Coinbase Chart Next Buy Point
Bitcoin has spent the last 24 hours or so hammering out a
continuation pattern not too far from the recent highs. It
hasn't collapsed from here, though, which has to be a positive
signal, so far. It's now probing the upper parallel at 10600 and
trying to break higher. To stay positive from here it has to
Latest Update 11:00est:
Bitcoin is still positive and a near term buy on retests of the
smaller dynamic underpinning the day's rally towards the blue
support line at 9960-9940 with stops below 9900.
Also raising the stop here to just under 9900 on current longs
on Bitfinex to trap in 100 + points if it gets struck (day
trading). The other choice for swing...
So far today Bitcoin has rallied to the next restistance line at
16447 after a high at 16487 but has since fallen away again,
coming back close to important support at at 15574-15485
(amended to cover yesterday's price action better). It's a buy
in this range with stops below 15450. Above here the trend is
still positive but any break below...
ETHUSD Reevrse Long here
If you got long as ETH came back to the support at 418 it's a
nice trade. But close out now and think about shorting here
with stops above 434...it's still vulnerable right now to
another big sell off back 410 and if this fails back to 385
where we should be looking to buy again with stops under 380
for rally to 410 where we sell...
Bitcoin: BTCUSD Update Range trading for now but overall positive above 7717
A good space for day traders, trading between the lines of support and resistance, which continue to work quite well, so
far, just as they have done over the last couple of weeks now. But for swing traders Bitcoin gave the first unreliable
technical signal for quite a while - that...
Nasdaq 100 Index NAS100
Nasdaq throws a lot of similar shapes to Bitcoin whose
consolidation periods tend to last a few hours and no
longer than 2 days maximum, but here the continuation
patterns last a minimum of 2 days (last one) and more
usually 8 days and up to a month. But the shapes are almost identical.
Fast, sharp declines over 2 days, followed by an...
DOWG: Dow Global This index is extremely useful as confirmation/back-up for all other major market trades as it's so free of false signals compared to Nasdaq for example. It's just tested and bounced from near term support at 2950 today. Whilst above here major markets across the world will remain positive. It's that simple on this index. That's why it's so damn...
This is a simple XRPUSD & XRPBTC scalp based on the "above the stomach" two-candlestick pattern visible on the 4-hour time-frame...
Above The Stomach:
# of periods (candles) = 2
price trend (going into the pattern) = downward
first candle = black
second candle = white candle opening and closing at or above the midpoint of the prior black candle's body...
BITCOIN: BTCUSD Each of the declines in this run up has been 90 - 100 points. This one is too. So long as it now continues to hold 2248 Bitcoin remains positive. Stops for longs should be moved to around 2242