Hello to all of you,
My name is John Vasilopoulos I analyse currency pairs for individuals and companies If you interesting send me a message.
Here we have some key facts that we have to take a closer look. Firstly, identify the key sell zone that I have drawn for you
it is clear that the sellers would push the price lower. Also, this area work like resistance...
I see more and more similarities between
2008's crisis and today. The narrative is nearly the same.
On a smaller time frame we can see an ascending wedge almost breaking out.
I'm short at 2590, expecting 2400, then
I hope for a retracement to 2700 in 2-3months, and then full short :)
What are your thoughts ?
13th September 08:28 Bst
Shanghai Composite Index SHCOMP
A Technically Perfect Bounce
This was meant to bounce from the the big double bottom
set-up at the 2639 line. In the event it fell to 2647 before
bouncing about 1% or so.
However this index is so far still stuck below the upper
parallel of the original downwave and is therefore not out of
BTGUSD Next Short Set-Up from Here
The wider spread compared to BCHUSD has seen
volume shrink away on this pair and swell on BCH.
But it's still a good shorting vehicle nevertheless. It halved
from 26 to 13 in a matter of days for example.
"No coin is ever too low to sell" - to update a W D Gann quote
for the 21st century.
The downtrend is still strong here...
This has been a good short through most of August, down 20%+
from the 542 break level to 426 now.
There was a second chance to short again from the lower
green arrow as it broke the continuation pattern at 46 which
has yielded close to 10% this week.
But it's making a little double bottom here and the near term
downside target has been touched...
BTCUSD Bitcoin - Next Trade Points from here
Bitcoin broke lower overnight but stopped just a few points above the 6226 line on Bitfinex and then rallied back above the 6312 line, dancing either side of it for a couple of hours as it made a small bull pennant before surging back to retest the upper boundary of the triangle again.
A Groundhog day.
Price has now...
ETH has been a fabulous short all the way dwon from 399 in a succession of trades over the summer. Left this one looking for a bounce from 252 and by chance happened to write on it last at exactly this point.
At least shorts were closed out there but really should have reversed long there too.
Easy to say that now of course....
It's afe agin whilst it's...
NEOUSD Update and Next Trade Points
It's been a week since the last scan across the top 20 or so coins.
A lot has happened in 7/8 days.
Remember that no coin is too low to sell and likelwise in a bull market no coin is too high to buy.
Remember also that we play a game of probability. Some play momentum and volatility and some play hunches and mistaken beliefs....
Bitcoin Chart Updates
A slow weekend of range trading has given way to an equally slow start come Monday.
It's held up well through Saturday and Sunday but here is still no intererst above the 8298 line as yet.
Spikes of desire off the 8070 line and rejection spikes above of equal dimensions from the 8298 line show equal indecision here at these levels.
Bitcoin Update 26th July 11:16Est 06:16Est
Bitcoin was a buy on a break above the 8160 line yesterday (though by time comment went live it had already broken
higher, sorry- busy day yesterday all round)
It was also a buy if missed the first break on a return to the 8160 line overnight, with the low being 8163 since then.
But the rally is a little lame so far...
S&P 500 SPX500USD
Of the 3 charts followed for S&P 500 index, this one has been the most reliable recently.
We were looking for S&P strength as the last but one of the Fangs report earnings with
Amazon on 26th after hours. Google has helped overnight.
After triple bottoming at the 2790 support line the S&P has rallied higher, making a little
spike off the next...
Continuation pattern forming after the failed break earlier.
Just a bear flag so far. 6710 first support and if it's going to
bounce it should be from the lower parallel of the nascent
pattern - but there's no real interest A worry for any brave
bulls at this point.
In very near term we may get a bit of buying into US open -
may regret it later but...
GBPUSD Update 31st May Month End
Streling has fallen to the downside target at 1.3301 after a
low at the old 1.3219 support line for a 150 pip or so profit.
Eventually it should fall away further to the next support line
at 1.3029 but in the near term the counter-rally is already
pushing the upper dynamic at 1.3345. It should stop here
really looking at this...
31st May FTSE 100 Index Update UK100
FTSE bounced away nicely off the support zone at 7600-7580
and really we should have reversed back long off 7600 with
stops below 7580. My bad here.
But it's beginning to struggle and if you were slick enough to
reverse long again without prompting the long stop needs
raising to just under 7680 here.
Any failure to hold...
BTCUSD: Bitcoin Trade Set-Ups from Here
The pattern Bitcoin is currently making is treacherous and too
unclear to contemplate a trade at this point.
It looks and feels more manipulated right now than ever - as if
price is being left to run a little higher to stop hunt weak
bears before it gets reeled back in again. It should only get as
far as the upper...