Something to keep in mind: We are right up against the longest-term trend line (going back to 2011), which has never broken. If history is to repeat itself then this bear market will be over within two months and BTC will start making higher lows.
However, my gut feeling is still bearish in the short- & mid-term. Events that have never happened before should...
Global Dow: GDOW Limit Down Across the World
The pattern here is similar to GOOG (without the double tops)
and shows how all major market indices have fallen under the
spell of the high-tech mantra. What's good for Google is good
for the world, well, world markets anyway.
Critical support for this index lies at 2967. The low so far is
2276 today. Come what...
DXY Dollar Index
The DXY counter-rally (far left arrow) shows a 12 day
continuation pattern from 1st December to 12th before DXY
falls out of the parallels as the decline continues. The right-
hand arrow also shows a 12 day continuation pattern from 1st
February to 12th before DXY once again loses the parallel and
begins to fall away again. Having broken down...
Dollar Index DXY
The dollar remains under medium term pressure and evntually
it should fall away in stages through the blue lines of near
term support potential to 88.31, and likely touching the
longer term trend line at the extremity of the fall before
bouncing away strongly again.
In the very near term DXY is making a little continuation
pattern below the...
Another spawn from the Bitcoin stable that has behaved technically perfectly - could be fresh from the latest chart
book showing what a 'stock' can do under perfect conditions - but this time looking at downsides, not upsides...
It's fallen below it's dynamic support line and then come back up to retest it from the underside....and repeatedly...
Iota is testing important support at 3.229 with a low at 3.20.
this latter level must continue to hold (and will do so long as
Bitcoin holds up, which will not be for much longer now, it's
just completing its own counter-rally now). Any failure to hold
3.20 will force Iota lower still to 3.03 and then should this
level fail to 2.73 at least if...
Longs should have been out as the dynamic support failed at
around the 276 level - see how often there will then be a
challenge of the same support from the underside, which
works for an hour or so before it falls away...not always, but
maybe 50% of breaks are like this and the other half are
clean, hard and fast.
Last comment suggested looking...
Bitcoin Last shot
Well that long didn't do too well - stopped out for about 200 profit unless you were smart and trailed a tight stop under it -
500 points profit lost by bad stop management. If it was going to halt the last high was a pretty obvious place - too busy
updating other calls. Just plain dumb. Late. 16 hours playing with Bitcoin. Last shot for...
A fabulous weekend has developed into a terrible week for
the Alts. This should create another fabulous buy opportunity
over the coming 12 to 24 hours...and potentially lead into
another good weekend ahead...if we can pick this up at lower
levels without getting stopped out in the process.
First support is nearby at 630 which if broken now should lead...
BITCOIN: BTCUSD This thing moves like lightning.
Shifting shapes: Head and Shoulder Top
Still don't think this has finished its rinse out yet.
Evenn more worrying, after dealing with the failed reverse
HandS this morning there looks like there's a massive head and
shoulders TOP formation appearing on the chart...stay away
for now unless short...it's still...
Facebook: even if results are already baked in this is a case of sell on the news this stock shouldn't fall below 147 tomorrow. It would take a fall below 146 to trigger any further weakness back to 143.8 which would be viewed as another fantastic buying opportunity
The whole Defense industry is extremely overbought in all time frames, even in monthly. Stocks are reaching important long term Fibo projections.
NOC is making no exception, showing RSI bearish divergence and declining volume in parabolic rise.
Excellent risk/reward on the short side, target near $167, even $135 possibly.
In the last usdjpy chart, ive posted this
Because i entered too early (something to work on) i missed the trade, and even take a small loss.
Now it should be a good idea to buy if price breaks out this corrective structure ( I didnt move or edit the chart posted here from the one in the pic, just change from candles to...