09:20gmt 04:20est Saturday Buy Points and Updates
If you went long again off the retest of the lower parallel it's
held good overnight but has reached the underside of the
neck-line of the small head and shoulders created yesterday
and could have been closed out for 300 or so gain by now.
If still long the nearest support is close by at 9077 so no point...
Facebook:FB Life And Times
This chart shows Facebook from it's IPO to the present. In less
than 6 years FB has risen from an all-time low just under 18 to
an all-time high at 195.
Once or twice per year it usually makes a rough 20-24%
correction - but, as with so many stocks, has not corrected
properly for over 18 months now, ever since the election...
Bitcoin BTCUSD Near Term Neutral but buy the Break higher when it comes...
Overnight Bitcoin did eventually break down out of the continuation pattern it was tracking and began to fall away again. It came right back down to retest the lows again but it held up, creating another intermediate double bottom, showing loss of downside momentum and that it was safe to...
Bitcoin Monday Update Next Buy Points on Monday
Those that ran a trailing stop 50 or so points under the little
dynamic supporting the lows of the day yesterday will have
been stopped out around 11500 for 400 or so points profit. 4%
returns on a slow Sunday is not bad but it was a hard grind
battling against the bots. Bitcoin has encountered upside
NEOUSD Still Positive - Next Buy Point Approaching
The minimum upside target created by the RHS is 173 but it's
taking its time to get there. Looks to be in process of
completing another continuation pattern before firing higher
again soon. Once it passes 128 and holds there it should
advance to 148/150 where the upper dynamic will most likely
reject it again...
Bitcoin BTCUSD Saturday Update/Buy Points
After another 15 hour period of dreary consolidation lasting
through the European session and right through the US session
to the close Bitcoin finally bottomed right on the low point
forecast for the day before the rally we spent all day waiting
for finally kicked in. Patience was finally rewarded as Bitcoin
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...
Bitcoin BTCUSD Next But Points for Sunday
We got another attempted breakout around 17:00 est which
was enough to trigger a long shot as Bitcoin moved above the
central parallel (it was the upper line at this point in time) at
around the 8380 level on Bitstamp. It then moved up to the
test the first line of resistance at 8545 and a just above
before it once...
Bitcoin BTCUSD Weekend Next Buy Points
An excellent 1300 or 16% rally on Coinbase with an early break-out at 6.30 gmt at 7950 level yesterday (compared to
Bitfinex) has taken Bitcoin to the 9061 line overnight before topping out 24 hours later (at 6.30gmt this morning) as profit
takers moved in. The lower parallel was broken soon after at 8885 and all longs...
Bitcoin: BTCUSD Looking Up - Next Buy Points Today
Having spent the overnight session in far East with no buyers or real interest Bitcoin drifted as a consequence. But the good
news was it didn't crash ...that is a massive positive sign that whilst it was getting tired overnight, it wasn't getting rejected
and sold off - just neglected more than rejected. Good...
S&P 500 Index - Update Next Buy Points
A fantastic clean break gave an entry at 2635 and showing
about a 60 point profit so far to add to the massive short on
this index right down to the lows on Monday. So far this has
been the most profitable week for shorts and then longs on
the major indexes for over 2 years. We've had the easy part,
now it gets a little...
Bitcoin BTCUSD Sunday
After breaking lower early on in London on Saturday morning Bitcoin fell to a low at 10800 on Bitfinex feed - was meant to
fall to 10750 at least once the break came, so not too good. Even worse, no buy orders were placed anywhere near the
lowest levels...on the upside Bitcoin had to break above 11230 to trigger the next long, looking for...
Bitcoin Weekend Update - Bitcoin and Klondike Compared - Next Buy Points
After the selling climax reached post S Korean news Bitcoin, if it was to continue acting like text-book version of how a coin
should move, was expected to rally back to the very start point of the rout and then consolidate. Overnight Bitcoin
played by the book. Actually the high on...
The long from the retest of the lows at 12810 on Bitstamp chart has gone quite well overnight as far Eastern buying
helped to drive price back up towards the start of the rout that began 24 hours earlier out of S Korea. We had a likely
upside limit to his trade in the near term at yesterday's high point around 14200 for a rough 1300 point win but...
The flag formation stayed good up to the point when the Far East session took over, with no further visits to the lower
parallel - 2 strikes = 'hot' - and Bitcoin then duly broke higher as the flag had warned it would. But the rally only got as high
as 13462, some 18 points shy of the target before falling away again. So was 22 points out on the...
The big lower parallel came to Bitcoin's rescue and gave as good reason as any to close out shorts from here...but it
didn't quite hit the line perfectly, which was then lying at 12028 - the low of the day was in fact 12050 - so quite close,
22 out, but no cigar. If you managed to get out and switch long close to the lows you therefore did really...
Ripple continues to avoid the worst of the fall-out across most
other Alts - still riding high. It's consolidating recent gains
having doubled from 124 to 248, after near doubling again
before that from 64. It's making a U shaped top formation and
now struggling to bust above the old support line which has
become resistance to the upside - and...