Hey cryptomaniacs, it`s time to recall the past and take a look of that sweet "crash" we had. Bitcoin is slowly waking up from unconsciousness and starts to pratice for the next marathon. He obviously had a mental breakdown caused by the fame and need of society. Yea.. I know we can`t really understand this. But every celebrity has to deal with this and...
Bitcoin BTCUSD If stopped out on the break below the first support at 11385 it means a small win of a couple of hundred points overnight. This is the reason we use stops. But Bitcoin is back in the buy zone and looks good to buy again ay 10600 and down to 10500 on any dips from here with a stop below 10450 there is 5000 to 9000 points of upside potential and...
ETHUSD. Update Bitcoin is breaking down and is likely to retest the lows - this will bring down every Alt in its wake. Close out any longs and consider getting short for retest of 551-546 at leat and more likely 488-481 and possibly 447. Get liquid or short and be ready to buy again when it's down on its lows again Suggest selling ALL Alts ready to buy back...
BTGUSD BTG took over from BCH at around 11pm est - as BCH topped out BTG took on the baton and ran higher and higer for the next 5 hours as BCH headed back south. The patterns are similar on both charts, both tracking within a series of parallels, a sell off the top pair and and a buy off the lower pair. It's ahving a problem at 305 and looks like it has to...
BTC Pushing the top -> Reaching for the high's prior to the futures trading I anticipate futures trading launching December 5th 2017 to create a third dimension of the market. It will create a flotation device for armature traders. You will be able to know what the market will do based on another indicator. This will also introduce an institutional outlook to...
BCHUSD This short back to 1178-1123 range was going OK until that horrible spike around 19.30 GMT which stopped us out for rather sad 110 to 160 point profit when there was so much more downside left here. Still, we went long again at 1178-1123 range with a low at 1125 so no stops were hit in the final flush we were looking for. Sadly, have been so caught up in...
Bitcoin Update Can buy this when it breaks out of the upper parallel ....14594 is holding...can buy off here with stop below by 20 points for small loss if wrong or when it breaks the upper parallel ...try on 5 minut chart..will not upload less than 15 minute chart
ETHUSD Eth has popped the upper parallel and has now come back to support at 410 offering a place to get long with a stop just under 409 for small loss if wrong from here
BTGUSD Back in buy zone at 306-300 Longs should have closed out at the 320 target and now BTG is back in the buy zone at 306-300 range -it can potentially spike down to the lower parallel at worst before the rally resumes. Look to accumulate on weakness with stops placed below the parallel or can try at 306 with very tight stop at 303 for small loss if wrong from...
Brent Crude Oil UKOIL Back in the Buy zone Well the stop on the short from 63.77 never got hit and Brent duly came off back to the first target at 63.10 for a small 65 pip win - but should have held it longer as it then went on to test the lower parallel of the flag, bang on 62.17 support at the same point in time, and has since rallied much more strongly...
BTGUSD Was banned for 24 hours for posting a text wall yesterday so was unable to update this - which was a pity because that little continuation pattern running down the parallel when we left it was so well defined, just backing and filling - it needed a new line over the highs as it ran down the parallel to redefine the perfect trigger for beakout... and when...
BCHUSD Buy dips again but keep an eye on Bitcoin This produced one of those perfect breaks today that all traders love...the trigger was a break above the smaller continuation pattern back down towards the lows at 1400 - the minimum target was 240-258 points higher at 1620-1638. The high of the day was 1638. How many managed that? Top trader today if you did!...
ETHUSD ETHis back in the buy zone - look to buy on dips or put an order in and go fishing - how deep to lay the bait? 413 with stops below 409. And then a long shot at 392. Old bull/young bull - again...to chase or to wait and let the cow come to you (in this tale of mixed metaphors, it's late) - old bull will sling an order in at 392 and if it gets hit...
BITCOIN: BTCUSD BITCOIN: BTCUSD First, if you got long on the eventual break above 10000 the target was 10436 so we should be flat again. If you bought the double bottom we were hoping for - at 9472 - well done. The real price action on 30 minute chart shows that 9400 and just under is where the real action is centred but it was imperfect and so difficult to...
BTGUSD Update This has been a good reliable short once the dynamic support gave way, as per comment from Monday. Now it's back in the buy zone so shorts get closed out and reversed long with stops under 318. Short term target is the falling dynamic around 350 where some day traders will reverse once more for another short with stops above the dynamic. Pin...
BCHUSD Back in the buy zone now A little burst of Dollar strength on back of DXY touching near term support at 92.62 has seen all the alts v USD weaken. BCH is now coming back into the buy zone, either from 1539 if touched or alternatively on a break above the dynamic from the highs.There have been two minor spikes through this line but both have failed. We...
GOLD/DOLLAR Switch-Play Gold has crashed back into the perfect buy-zone again whilst the dollar DXY is at the very top of it's inverted flag and about to come off again. Perfect time to go long gold again with stop under 1274. This looks perfect right now.