Keep in mind before reading this I am new to the market, and what I say will most likely be wrong. From the looks of the chart xbt will drop down to the support at 10750 before it makes a bounce up to the 11750 mark.
We are at strong support and Stoch RSI is oversold
Bitcoin. Clock-Work 05:53 est another 01:00 gmt low, another at 06:00gmt. And high at 10:00 - right on the upper parallel where longs who bought at 6am have closed out for 450 points - day's work done. Now has to climb above the upper paralle and hold there on retest once broken to turn back to bullish again from here. Unlikely in very nearterm but it's...
Before reading this keep in mind I am new to the market and this theory will most likely be wrong. In my opinion I think that btc will drop down to the support at 11200Usd before it bounce up to new hights at around 23k Usd. I think this will happen since in the past bitcoin has done somewhat the same. The other thing that might happen is that bitcoin will break...
ADA has been experiencing extreme bullishness in the past 2 months. And I do not think it is done yet... I think we are about to move into a Wave 5 Elliott's Cycle which will put us between 10,000 - 15,000 satoshis. The rectangle at Wave 5 indicates TO ME that there was sustained growth over a longer period of time and high confidence in the coin at that...
Litecoin Update Still good above the dynamic support line - needs to clear 286 to add for rally to 309 initially, and higher once 310 has been broken. A buy off the rising dynamic with stops under the line - only turns short term negative if broken, for fall to 263 and, should this level fail, to 245 where it becomes a buy again with stops below 238.
BTGUSD Update BTG never made it to 188 entry point, which was calculated by it hitting the long term rising support at the bottom of the chart - unfortunately 1 day earlier than it did - close but no cigar. If you got the eventual low at 190 bang on by watching and waiting that extra day you have been well rewarded for that patience with BTG up 45% in 36 hours...
Litecoin LTCUSD If you were smart enough to use a break of the smaller dynamic support as your exit point maybe you werre aso smart enough to buy back using the longer term dynamic as an entry point. It wasn't quite as perfect as the smaller dynamic was - it was 1 point out - close but no cigar. Just hope you managed to get long again there...at Litecoin we...
Coin has reached its support on the 1 day and now making its way up. Long term this coin at 20 and ride it for 6 months. Stop loss at 10, target 260 by March peak around 330 which would give you a 1300% increase. Good luck! Please comment and let me know what you think + dont forget to give me a like pr a add me for more gems like these ;)
Bitcoin Update Let the Force be with You The little parallel guiding this wave is working well on the upside, but not on the downside, so far. Still looking to get long off any touch to the lower parallel with a stop 50 lower and if this gets taken it means a retest of 6980-6890 range is likely underway. Good, ironically. It means risk /reward ratios are...
Brent Crude Oil UKOIL Update Had to update this position via original comment whilst embargo was still on, repeated here (sic): Hva etaken a short position with tight stop at 64.72 but ready to reverse, as above. High so far 64.62 - close but not hit yet. That has proved to be the high so far as the Opec meeting gathered. Still don't think it's too late here...
EURUSD This swing trade on the short side from 1.1893 kiss on the parallel is going well, so far. A neat pattern here, with a head and shoulders at the very top with an exact 200 pip downside target at 1.169 (met) and then a much larger, and more threatening head and shoulders forming over the following weeks with a downside of 420 pips from the neckline down...
Daily and weekly 123 in play no r4ds nor candlestix i will not be trading live because does not suit my trade criteria but it seems to have a nice bounce off 50ema with also small channel and 1hour candlestix and green r4ds
- - - - - GDP/USD POSSIBLE LONG OR SHORT. DEPENDS ON THE SEVERITY OF UK GDP YEAR ON YEAR DATA - - - - - Keeping a tight stop loss would be a good idea, But on the other hand, there will most likely be a high volume fuelling the outcome - Instrument Price will be volatile - meaning stoploss spikes may possibly occur. Be very careful if you are trading...
We have here a building Gartley Pattern. Keep waiting for Point C & D. If it is valid, we have a risk reward 4,3!