Bitcoin: BTCUSD For what it's worth right now, and looking at the bigger picture and pattern developing in first moment of calm since rising from bed, believe that Bitcoin is most likely to bottom at 5098 - a long way down from here - that view will only change if Bitcoin continues to hold up around current values and then turns up and breaks through parallel as...
S&P 500 Index SPX500 The last short got stopped out at even - right idea, wrong double top. Now it's fallen below the parallel that's been guiding this impulse wave since summer lows...it's trying to make a feeble counter-rally back to kiss the underside of the lower parallel before it falls away again to 2566-2564 range where it should make a rally attempt...
Bitcoin: BTCUSD Update Over the last 12 hours or so Bitcoin has formed a continuation channel , dropping out of the lower parallel as London opened and falling away, making a bounce from support line centred around 7150 and then rallying up to the next listed old support/new resistance line at 7250-7274 where it fell away again under the heavy weight of...
S&P Index SPX500 Short term double top/loss of upward momentum and now struggling below reistance at 2588-2590. A short term sell back to 2576 with stop above 2590 for 20 point win or 4 point loss
Bitcoin Update The Shape this is Throwing So far, the parabolic shape Bitcoin is making remains very encouraging for the future. If it can now hold up today between the old high area at 7450 and the new parallel , now at 7425 between now and Tokyo and China opening we could see some spectacular gains...it just has to hold up now... Stops for day-traders...
USDEUR: A good rally for USD has reached the first resistance - take profits here, looking to re-enter from lower down
Nasdaq 100 Index: Now probing the main conrolling parallel that's been guiding this rally ever since Election day and likely to find it hard-going to penetrate. Caution required here with the possibility of shorts on any failure of nearest support at 5759.
UKOIL: Brent Cude Caught up in a fascinating firefight right now between bulls and bears with good trades opening up
FACEBOOK: This stock is still vulnerable to further near term selling pressure whilst unable to trade back above 151.55 and hold there.
We are in a delicate area for this pair, from here you can start a big raise - related to the NZDUSD in which we expect further falls
NZDUSD seems like we can have a reversal patern here...