With oil rallying, and China soon to be accepted by the IMF, to include the Yuan in the SDR currency basket, the technicals in this chart suddenly look very good to me. You could go short here, with stops above yesterday's high to begin with. The currencies not affected by today's fear spike due to Deutsche Bank's shock were: the Euro (surprisingly!), XAU, XAG,...
They got the pump, looks like $STR is ready for the pump too.
3870 has built support at this key level, and with such a long-term trendline broken, this is the first strong, clear move up. Get out of shorts, and at least buy, but I am long. In the unlikely event that price dips below 3780, then look for signs of this being a fakeout. The USD prices for these levels are around $580 now and $565 at next lowest support.
OK, here's daily chart of Lisk at poloniex. I noticed that we had 1 big green candle + 6 mostly neutral smaller candles and again 1 big green. Now we have another 6 after big green. Size of Big Green candles is very similar. So if this is kind of pattern and it is not ending yet, we should see now another big green candle with similar size like others. Well, to be...
Appealing 7 months accumulation in the Shanghai Index, many opportunities ahead if it breaks above 3100. Especially watching out for underrated nano and micro companies (under $300 million market cap).
Looks like the correction is still in good form of a drawn out triangle. Wave E overthrow is valid. Breakout confirm above B - Invalidation below C.
Still following same count for now. Price has been unable to penetrate trend support so far - will re-evaluate if red line is broken.
Corrective 61.8% Fib Retrace + Hidden Bull on both RSI and StochRSI. Watch for break out confirmation above previous local high.
Possible count for trend continuation pattern. Confirmation above (B). (See Linked Chart - Meant to post w/ sooner) *Note: - It is possible the triangle has further yet and could be wider than pictured.
After a bullish signal on BTC the short downtrend was broken and build a base for an uptrend. At the moment we can see the BTC moving in a triangle so we can wait for a breakout next 2 days.
it was a fantastic ride up....don't get stuck in high altitude though
Global stocks bounced as expected. Higher highs on their way. SPX - 2150 / 2160 DAX - 10380 / 1399
Looks like China could paint a flat correction here. Watching for a wave 5 push into C to complete the move beyond wave A. Should see oversold divergence to confirm. So boring.
This is for those of you who are trading USDCNY. It's hard to trade something as protected as USDCNY, but know that given a long enough time period, nothing escapes triangular geometry.
Full analysis here: www.bitcoinerrorlog.com