EURUSD EURUSD and DXY EUR is tracking an inverse set of parallels to DXY. When EUR breaks lower it's a second sell/add shorts signal which must be confirmed by DXY breaking above the upper parallel containing this impulse wave from inception. DXY has to break and hold above that parallel before the bears will back off - but it's fighting here, where it should...
Bitcoin BTCUSD Update Next Buy and Sell Points We have a low here on Bitstamp at 5920, on Bitfinex at exactly 6000 and on Coinbase at 5873 - so far. Earlier in London Bitcoin has been driven up through the upper parallel that has been controlling this sell-wave from yesterday. It's the first early sign that this is getting close to the bottom now. It's...
Gold: XAUUSD This is interesting - it isn't a crypto - it's gold but it's making a familiar pattern with just 25 minutes to go to FOMC data release...it can go to the upper parallel and fail which mean dollar strength and it can can do what seems to be predicting...a bull flag with 2 strikes on the lower parallel = hot, still even at these levels - which in...
I see AUDUSD falling from the sky. Lets keep an eye out for this one. As usual very tight stop loss not risking more than 2% with a 30 pip stop loss
I will either be going long or short on this pair just depending on the break of the candle. I will wait for a retest then go on either side. I have a buy stop and a sell stop ready with my stop losses
Most people's ALT's took a hit over the last week. But GBYTE has been particularly resilient to FUD, as well as the BTC correction. If the trend GBYTE has been on since the start of December continues, we would see 1GBYTE = 0.2BTC by end of March, when a favourite BTC hawk of mine, @CARPENOCTUM aka #33kMoku, predicts another major correction. I'm considering...
First I determine the gradient most important in the currency. I then look for parallels to this. I will enter when I get two touches on the line . I wait for the close price, to make sure that price does not spike down through the sloping line. (No Entry) Depending upon market activity I adjust my stop when price moves up to the next parallel. The closer the...
Ethereum Classic to Bitcoin seems to have found its bottom at the .0014 level. Now there is only one way for it to go, and that is up. Long term I think that ethereum classic will easily retest .0031 level and if it breaks that (which there are high chances) we will probably see a retest of .0048. I hope this post helps some people make money :) Happy...
this pattern is so good on cryptos, this is a long term invest.
OmiseGO is currently undervalued. The ATH is 0.00329400 BTC. The current price (0.00148600 BTC) is at 45.1 % of this, so we are still very much undervalued! Current performance is very much bullish on the daily chart. Right now things are slightly overbought, could see a very brief correction at this level, but I expect the price to continue rising soon (this...
GE Will 2018 be the year GE starts to get better? Who can say and who can be believed anyway? The chart. It walks while CEO's talk. GE has pretty much turned dead since the traumas of the Fall. It's been moving in a very controilled trader-friendly way with 4 perfect hits on the 18.04 line and three on the 17.59 line before it gave way, falling to new low at...
I always believed that you learn the most when you get hurt. I dove into the market with the fear of missing out on the tremendous upside and potential of this platform. I have long been programmed by the mainstream institutional investors that getting 10-15 gains are the best. I have risked a lot in the stock market before and have been fairly successful so...
Bitcoin Update Spent most of yesterday buying dips from around 14050 and higher, looking to increase on a break of the neckline of what has turned out to be an imaginary reverse head and shoulders - and again on the break above another imaginary flag formation which was then sitting at 15500 with a stop at least 100 points below the line. So we blew 150 or so...
ETHUSD. Update Bitcoin is breaking down and is likely to retest the lows - this will bring down every Alt in its wake. Close out any longs and consider getting short for retest of 551-546 at leat and more likely 488-481 and possibly 447. Get liquid or short and be ready to buy again when it's down on its lows again Suggest selling ALL Alts ready to buy back...
GOLD XAUUSD Bingo! Game Over The perfect high was meant to be at 1268.76 line on 21st December, a minor cycle high. The high was actually 1268.82 on the due date. Gold has a look of completion about it now and looks about ready to roll over again from here. Any rallies are likely to get knocked back from 1268.76 now but will pick up support at...
ETHUSD At the top of its tree in near term Although ETH has struggled for a large part of the last 30 days, it has now doubled from a low at 313 to today's high at 626. Not bad for a straggler. But it's probably at its upside limits in the near term here and needs to consolidate some more below the upper parallel before it can go again. May well hammer out a...
Bitcoin Update Full Marks for Bitcoin More gymnastics overnight as Bitcoin tore across our screens. It's as if it's putting on a display for us all, going through a gymnast's routine across the mat and parallels, showing us a selectionn of moves and continuation patterns, all different over the last 24 hour display. Look and learn from this extraordinary...
GOLD XAUUSD Strategies for both sides of market Gold is now delicately poised - to say the least. Am closing out the long at 1274.75 for just under 4 points as it looks like it can come back again to the lineof last support at 1270. This entire pattern all month looks like a continuation pattern, prior to gold crashing back to 1203 level. But gold has been...