ETHUSD update: New lows made at 452 as this market gets punished by the possibilities of securities regulation by the SEC. There is only one level left where there is a chance of a bullish reversal, but until some significant bullish structure materializes, I would stay away from this market as far as initiating new positions both long or short. The SEC...
BTCUSD update: Price has made a dramatic lower low at 7665 and is now right in the middle of the 8171 to 7239 minor support zone. Even though the short term momentum is now clearly bearish, it is very important to not lose sight of the location of this price action. In my previous BTC reports, I wrote about quiet markets being a sign of possible strength, and...
CURRENCY PAIR: USDCAD ; Time Frame: 1D - 4H - 1H; Potential new lows Reject on Daily chart fibs zone 61.8 and 50 Shooting star on CRITICAL ZONE for selling wait for broke trendline on 4h-1h
BTCUSD update: New low of 6K reached as these markets go into the Senate hearings today. From a technical perspective, price is in the middle of the largest support zone of this market without any supportive structure in sight. In this report I will review what this market has to show in order to confirm stability and more importantly how to manage emotions during...
USDCHF has been in a range between support (0.9450) and resistance (1.0300) for over 2 years which price has respected multiple times. There is a huge opportunity to if price action presents itself for a confirmed break lower and retrace to previous support, now resistance for a move lower with a first target area of 0.91 of approximately 450 pips. USD is showing...
BITTREX:QTUMBTC has reached a a new low and is a good position to make some upwards moves as it appears to be completing the 5th wave of the downward trend and is a good position for reversal. This is a good point for entry in a long term trade and considering the strength of the QTUM project, this should be an easy long term hold with 25%+ gains Entry: <12300-12500
BITTREX:QTUMBTC Has made yet another new low but volume is picking up as price is gearing up for a recover bounce. Anytime price continues to create new lows in a market like crypto, I scoop 'em up. For the moment however, I am switching this trade from a long term to short/midterm trade.
We see Ripple at the end of correction in wave 5 of C after triangle in wave 4 with support arround 0.11. It's also a nice psychological support which could be achieved before the correction is completed.
BCHUSD Update: Lower highs and lower lows signal further weakness. This market has no bullish structure in place at the moment and no support levels to speak of. In a situation like this I would look at purely psychological levels like 250 or 200 for any potential signs of reversal. I have not been reading up on the forums about what is going on fundamentally...
short-term trade s.l - 1.05324 t.p - 1.04705
Hi traders, Posted few minutes ago with the daily graph showing that 1985 is very important level and if we break we can see SPX slide and probably fast. If this really happens, I will look into 1897 area to get long again for maybe a new high. Lets wait and see what happens, but keep in mind 1985 and 1897. Good Luck! Thiago...