LTCUSD Litecoin Local resistance at 165/6 - can come back to the smaller dynamic and to 156/5 likely lowest before it rallies again. Once it breaks above 166 it should move up to 174/5 in near term and to 194/5 over more medium term. Needs Bitcoin to break higher for this do the same, most likely.
NEOUSD Bitfinex Feed NEO is still positive whilst it holds up off the support lines underneath it and should rally to to 94/95 again soon. A buy between 84 and 82 with stops below 81.
Bitcoin Bitstamp Update After the break higher Bitcoin has spent the night consolidating recent gains. It's a buy again once the dynamic from the overhight high has been broken above with stops below the 9224 line when the dynamic is broken above. Until then Bitcoin is still in consolidating mode and moving sideways to unwind using the 9175 line as support as...
BTCUSD Bitcoin Bitfinex Update: Next Trade Points from Here Finally a break - so quick it's over - justa quick 100 points. But these trades can happen so quickly because other traders have trigger levels and limits pre-set in the market - often on both sides - They hit and trigger or they don't. This has to break 7810-7800 range to add or open a new short...
The rocket will take off from here
Bitcoin BItfinex Weekend Trade Points From Here The low overnight was 7820 on Bitstamp, some 30 points away from target range. To add to the poor call the stop was lowered to 7917 and the high about 10 minutes later was 7922 - that 5 points was just enough to destroy the short for 80 or so points profit when it might have been more. It also prevented a potential...
Apple AAPL Another triangle another opportunity - a break of the lower dynamic should mean a fall back to 165 if not 155-150. Stops above the same dynamic when broken. Upside it has to break above the upper falling dynamic and then above 175 .10 line to trigger a long to 184 .
Bitcoin Overnight Bitcoin is still stuck within a larger continuation pattern it's been cranking out since the lows 24 hours ago. There's a useful dynamic underpinning the rally so far which has just been tested and held. Day traders are using it as the final stop/reversal short for longs by look of it. If long here it's not a bad idea to adopt the same...
ETHEREUM/DOLLAR: ETHUSD Next Trade Points from Here Three waves down and a bear flag/pennant sitting above a potential bull flag at the bottom of the run. The low was off the longer term dynamic support line too. Eth is trying to turn here but is depending on Bitcoin to help it break free of the downtrend from here. As things stand it's a speculative buy on...
NEO NEOUSD Pattern du Jour Neo is yet another chart making the same familiar pattern at the moment. Although it's already up 20 points since the break-out there's still 40 points or so to go to the upside target here at 181. Look to buy dips back towards 127 with stops under 124. Can add once the flag is broken to upside.
S&P 500 Potential Buy Set-Ups Clear continuation pattern as it rinses out every stale bull who jumped in at the first big impulse wave upwards and on the wrong side of this now...should make a sweet double bottom or close to - the first long is a speccy buy with stop either under today'slow at 2615 or at lowest under that last low to left of chart at...
Nasdaq 100 Index Update The minimum upside target at 6694 was met and the next, at '6787 at best before it falls away again' fell 12 points short with the high of the day at 6675. Since then Nasdaq has fallen away in a little continuation pattern that signals further upside in store. It's just exiting the pattern and can be bought again with stops below...
S&P 500 Index: SPX Same problem as as the Dow - risen to fill the gap and now retesting near term lows at 27330 - The first real support lies at 27130 and it looks likely it will be tested soon. Failure to hold here will signal further near term weakness back to 26687 and potentially, if this level fails, back to 26007
Bitcoin. BTCUSD After spending an hour or so dancing between the two bigger parallels Bitcoin finally broke higher when China opened, and buyers drove it in a straight line 600 points higher in 15 minutes of frenetic buying, seen in the strong green candles on chart - and rising up through 4 blue lines of resistance before peaking and now falling back to where...
GBPUSD Two Ways to Trade this pair right now Testing imprtant resistance from the upper parallel of the flag formation. Can be shorted with stops above the upper parallel for small loss if wrong and can also be shorted from lower down by using a break of he little speed line running under recent the lows as a trigger - looking to short on a retest of this...
GBPUSD Another Dog that hasn't Barked Today's price action shows big spikes either side of current price, denoting uncertainty on both sides of this fight. But GBP has stood strong as the Dollar surges...what is it likely to do when the Dollar stops? Sterling has spent all year defying the bears. By the look of the flag now forming that situation looks unlikely...
Silver: XAGUSD Look to Buy Dips It's just about bearish enough to go long here. But no one seems very interested. It's likely to need the dollar to break below it's lower parallel (see DXY comment for back-up to this trade) before interest picks up here. One thing it has in its favour is those pin bars forming off the dynamic support shown on the chart. It's...