BCHUSD Update What a difference a week makes. Within hours of the last comment BCH had fallen away to a low at 1631, 7 points lower than the perfect entry point at 1638, before ripping 300% higher in 6 days flat. Facebook eat your heart out. Now it's in the process of making a flag formation which will stay good so long as the rising dynamic from the beginning...
ETHUSD A fantastic run by ETH - was up 100% in 30 days. Correction now needed: up nearly 150% in 31 days. Could be running out of gas in near term though. Raise stops on longs to 720 to trap most of run if it falls away to consolidate from here
Litecoin Update Well the buy point on the break of the parallel was OK but the rally has been disappointing. Pin bars scattered around 92 and under show interest but stops below 91 will have been hit unless you delayed for the second buy point. Very annoying. That pin bar showing off the high today is not good. Either raise stops to 95 or can take profits...
BTGUSD Update Buy on next Pull-Back Not a good last call here. BTG did bounce from that old parallel but it only reached 313, well short of target at 320 before failing - badly. Stops were tight here so small loss, thankfully. Imagine if no stop...how bad would you be feeling now? With a stop we have at least avoided the pain that goes with a position...
BITCOIN: BTCUSD A fantastic day for bulls of Bitcoin has seen it rally back towards the highs. No stops we hit on longs and after problems gettting long here on Thursday and staying with it before stops got hit. Friday was kinder, steadier. We are many hundreds of points to the good here and need to protect profits now...See those 3 fantastic continuation...
BCHUSD This looked crocked yesterday. What happened? Don't need a weatherman to know which way the wind blows. A chart will do that for us. Should come back to 1180, maybe spike to 1124. This is what we've really been waiting for isn't it (you were not long, were you anyway) So sling an order in at 1180 and leave the stop below 1124 or put one in at 1126 with...
Bitcoin Update Respect: The approach to 10,000 Just 45 points away from a historic landmark. Surely Bitcoin is respectable now. Is it a raging, obvious sell just below, like right here? There's bound to be selling here - the question is will it all be mopped up or will the big number naturally spook the market? It's Bitcoin. who can tell? So, as usual we...
LTCUSD Litecoin Dollar Still pushing higher but there is a danger here of loss of upside momentum here without more buying power arriving soon. Key near term support has been established at 89. Any fall below 88 will likely mean a fall back to 82 at least. Raise stops on any longs here to 88.
BCHUSD BCH Dollar Risk and Reward Approaches Consolidating gains above old structure - really strong looking and likely to turn up again soon. Ideally it will come back to 1516 and maybe 1461 but looks so far like 1516 will be the lowest it will go. Stick an order in with a stop below 1440. Or stick one in at 1446 - less chance of getting struck but also...
BITCOIN: BTCUSD On the Brink Right Now Testing the first support 6425 range. Day-traders will be closing out again here, looking to see if selling power wanes ...don't think so but it could create a little counter rally from 6425-6400 , with 6400 being the exact point where the medium term trend line stands right now - and if it does, it should get stopped by...
Bitcoin: BTCUSD Upload Limit keeps triggering so will try to cover next few hours here, not minutes, which is not exactly easy at best of times... So far so good: support at 7346-7350 has held up well and stops remain good, so far...It's likely to keep running into profit takers in the zone from 7500 up to the highs at 7590 so if you want to close out in...
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BITCOIN:BTCUSD One Chart of the Parabolic Baby At the moment it's found support just above the supports shown on left hand chart and trying to fly higher - it needs to take out 7500 now to stay positive... if we see it falter and fail just above or just below 7500 then we have the first sign that a turn might be approaching fast...next sign would be a breaking...
IBEX Index: Woes over Catalonia haven't really damaged this index at all. Because it ain't going to happen. They have no currency. End of. Anyway, whatever happens there, charts don't lie (more than politicians anyway). This index has been making a classic 6 month continuation pattern before it bursts higher again. Don't want to get sucked in too early but that's...
Hey viewers. Just did a quick analysis on bonds and figured I'd publish it. Let me know if you think these are good info. I might make a habit of publishing my analyses in the future. There's a chance of a breakout from the range I drew, but in such a case I wouldn't personally buy because the stock would be overextended. I would only play this on the short side...
DXY: Dollar Index Fabulous firefight between bulls and bears going on around the parallel. The winners here will win the rest of the day.
DXY: Dollar Index just touching perfect support at 97.42 - it's abuy with stops under 97.39. - USDEUR looks a good trade from here, next comment