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.
Dollar Index DXY Update The dollar is still in a medium term downtrend and currently making a small continuation pattern inside an inverted flag before falling away again. It should halt here at 93.78 and at very best as it reaches 93.99 and spikes into the upper parallel controlling this little consolidation period for the dollar. Gold becomes a buy at...
GOLD : XAUUSD Update Continues to grind higher on a weakening dollar. It's a nice trade if you get the push and pull here...loads of bears who haven't looked at the dollar (muppets), they are the guys going to keep buying us dinner. The dollar is just completing a another failed counter-rally and this has pulled gold back into the buy zone again around the...
Having totally blown most players clean out of the water with the biggest fake out in history, it's getting ready to go again - if you are. .. it's come back to exactly the same levels that the Chinese were buying at last night...7077... put a buy order in at 7090 with stop about 50 points lower and it may get filled later on if it comes back to make a double...
USDJPY after the quick movements from bottom edge of range to top edge, backed to bottom edge and again moved upward to top, finally went upper but it stopped at last local high appointed in 6 october 2017. Price has backed from this level to the range. We are expecting that price could back to the bottom of range so we have opened short inside the range. Target...
Using a Wyckoff view the EURUSD has completed the jumped of the creek and we are now looking for a back up to the creek in phase D. A volume climax is seen and the uptrend stride has been broken. A low volume pullback to the creek is anticipated before the start of the mark up in phase . Distribution is seen on the daily time frame also confirming the pullback.
Recently listed tokens can make good trading candidates. Everything you need to know is printing on the daily charts. A low was formed and two previous days were counted backwards to enable green line to be drawn to the right hand side. This is count back line analysis being used to identify a buy signal. A buy signal is a close of the daily candle above the...
USDEUR: Having given up all its gains USD is back on support and is a buy as per update to last comment with stops beneath the lows, ready to reverse if broken
BITCOIN: BTCUSD Conflicting signals right now but looking like the continuation pattern will win out against the rolling top formation at present
Bitcoin: BTCUST Update - Must continue to hold the lower parallel - in buy zone with stops below 2500
BITCOIN: BTCUSD Back in the buy zone at 2500
Bitcoin: BTCUSD Each decline has ben about 80 points which means Bitcoin is back in buy zone at 2000 with a stop at least 10 points below here....just below parallel... Only if it breaks below here will the trend turn down temporarily.
DXY: Having wriggled free of the impulse wave the Dollar Index The Dollar has slipped into short term neutral - but it looks like a continuation pattern so far and will stay that way whilst 97.75-6 cannot be breached on the upside.
WTI Spot: USOIL Finally WTI has come back to test the old support shown on chart - it should rally from here - but with a fairly tight stop because if it breaks below today's low by more than 5 pips it will necessitate reversing postion for quick fall to 48.01. It's a good either way bet for the cold calculating trader..."Good traders close positions when wrong....