BTCUSD: Bitcoin Next Trades from Here 19:41gmt 12:41est This still looks corrective at this point. No big green impulse wave starting yet which would be the first signal that this is a real bottom here. It's the weekend coming up and still no sign of buyers in any numbers. But there is a chance so we need to cover it in case - it is holding here still at...
Bitcoin Trade Points Today Bitcoin was left looking at a counter-rally 'towards 9700 before it comes off again'. It took another 7 hours or so of whipsaw and confusion to get there but by 01:00 gmt/20:00est Bitcoin made a high at 9671, taking out more stops placed just below here in the mind-numbing game of Pacman/hunt the stop that lasted right through the...
Bitcoin Weekend Trade Points We waited patiently all day Friday for the buy signal on the exit of the continuation pattern (recent buy-points, top-most green arrow) which finally arrived at the 9670 level on Bitfinex. Since then Bitcoin has rallied back towards the 9850 line after an overnight high at 9889 before consolidating. So far the consolidation has...
LTCUSD Litecoin Local resistance at 165/6 - can come back to the smaller dynamic and to 156/5 likely lowest before it rallies again. Once it breaks above 166 it should move up to 174/5 in near term and to 194/5 over more medium term. Needs Bitcoin to break higher for this do the same, most likely.
Bitcoin Bitfinex Update 14: 24gmt 09:24est Having hit the near term target Bitcoin is unwinding off the underside of the upper parallel of what is still a large continuation pattern - it should spend some more time moving sideways to downwards as it consolidates the recent break higher and day traders take their profits and some reverse short too. It can come...
NEOUSD Bitfinex Feed NEO is still positive whilst it holds up off the support lines underneath it and should rally to to 94/95 again soon. A buy between 84 and 82 with stops below 81.
09:20gmt 04:20est Saturday Buy Points and Updates If you went long again off the retest of the lower parallel it's held good overnight but has reached the underside of the neck-line of the small head and shoulders created yesterday and could have been closed out for 300 or so gain by now. If still long the nearest support is close by at 9077 so no point...
Bitcoin Bitstamp Update After the break higher Bitcoin has spent the night consolidating recent gains. It's a buy again once the dynamic from the overhight high has been broken above with stops below the 9224 line when the dynamic is broken above. Until then Bitcoin is still in consolidating mode and moving sideways to unwind using the 9175 line as support as...
BTCUSD Bitcoin Bitfinex Update: Next Trade Points from Here Finally a break - so quick it's over - justa quick 100 points. But these trades can happen so quickly because other traders have trigger levels and limits pre-set in the market - often on both sides - They hit and trigger or they don't. This has to break 7810-7800 range to add or open a new short...
Bitcoin BItfinex Weekend Trade Points From Here The low overnight was 7820 on Bitstamp, some 30 points away from target range. To add to the poor call the stop was lowered to 7917 and the high about 10 minutes later was 7922 - that 5 points was just enough to destroy the short for 80 or so points profit when it might have been more. It also prevented a potential...
Bitcoin Overnight Bitcoin is still stuck within a larger continuation pattern it's been cranking out since the lows 24 hours ago. There's a useful dynamic underpinning the rally so far which has just been tested and held. Day traders are using it as the final stop/reversal short for longs by look of it. If long here it's not a bad idea to adopt the same...
Bitcoin Sunday Trade Points Well, the long triggered from 7005 was a bad trade- but the stop was just under 7000 so at least the loss was small - sorry for that. Bitcoin hasn't done much though overnight, staying largely neutral. It still looks capable of flipping either way from here so we need to be prepared for both eventualities. It has not fallen away...
Bitcoin Saturday Update and Next Trade Points Bitcoin went into the weekend looking like it was just a matter time before it broke lower still. All that consolidation below structure to the left of price was saying that no-one wanted Bitcoin above 6666. By 22:00 gmt this level really had taken on major significance. The number of the beast or no, it was also now...
Bitcoin Coinbase Update A wild night of opportunities has unfolded. Once Bitcoin broke the little channel it was left tracking at around 01:00gmt/20:00est it came back to testthe underside of the same minor parallel at 6800 before falling away ...right back down tothe bigger parallel which was forecast to halt all declines yesterday. It did exactly that in...
Bitcoin Update Monday Trade Points Still messing with heads as it makes a 4th and likely final wave up before it falls away again. Once it breaks below the lower parallel of the continuation pattern it's now tracking within it should begin to fall away faster and can be shorted again from there with stops above the line when broken. Unlikely to trade much...
Bitcoin Bitcoin Sunday Update Sunday Trade Points 16:40gmt/11:40est Since breaking higher on US opening interest Bitcoin has surged above the small dynamic and triggered a quick 140 win up to 8600 in the process - but the rally has been short-lived and was quickly sold above 8600, bringing Bitcoin back down towards the first support line at 8450 again. It's a...
Facebook:FB Life And Times This chart shows Facebook from it's IPO to the present. In less than 6 years FB has risen from an all-time low just under 18 to an all-time high at 195. Once or twice per year it usually makes a rough 20-24% correction - but, as with so many stocks, has not corrected properly for over 18 months now, ever since the election...
Bitcoin BTCUSD Tuesday Trade Points Price action since Sunday's break out has been listless and lacking any real direction. However there is still bull evidence mounting - firstly it has not broken down completely after losing the supporting dynamic yesterday, but has instead formed a continuation pattern on top of yesterday's flag, using the same lower...