Bitcoin BTCUSD Update Next Buy and Sell Points We left this overnight waiting for the 4th break lower to hopefully develop a double bottom to show loss of downside momentum and looking for the rally to recommence from there. Interestingly - for some at least - the low was actually also the tiniest of gaps which was created (green arrow) on exit of the last...
ETHEREUM ETHUSD Update So maybe you have 5% more ETH for your money than yesterday...and if not ETH is back at the same levels again, but this time challenging resistance from the underside of the dynamic which until yesterday had been good support...so we've seen this pattern countless times before...ETH is vulnerable again here - must find buyers now to...
S&P 500 Index - Update Next Buy Points A fantastic clean break gave an entry at 2635 and showing about a 60 point profit so far to add to the massive short on this index right down to the lows on Monday. So far this has been the most profitable week for shorts and then longs on the major indexes for over 2 years. We've had the easy part, now it gets a little...
Nasdaq 100 Index Update The minimum upside target at 6694 was met and the next, at '6787 at best before it falls away again' fell 12 points short with the high of the day at 6675. Since then Nasdaq has fallen away in a little continuation pattern that signals further upside in store. It's just exiting the pattern and can be bought again with stops below...
Nadaq 100 Index: NAS100 Next Buy and Sell Points The last 3 declines on Nasadq were 339, 357 and 345 points. This one is now 354 points, so far - par for the course. Nasdaq is now flipping within the boundaries of the two fixed lines of support at 6696 (spiking below here by 20 points to 6676) and resistance at 6786 (spiking above here by 19 points to...
Bitcoin BTCUSD Update Next Buy and Sell Points The overall technical picture has not changed for the better as yet. Bitcoin is now on the brink, staring at a large 2000 point abyss. Even at these lower levels where it found willing buyers late last week, today it finds none. Dead cat bounce. It's still a speculative buy at 7700 and close but only with a...
Bitcoin BTCUSD Next Buy and Sell Points Today We left Bitcoin overnight to track the parallels lower to the next downside target at 8300 on Coinbase chart. The low so far is 8310. Close but no cigar. Bitcoin is still under pressure whilst unable to break above the dynamic which has clipped all rally attempts overnight - cannot be bought unless it breaks...
Bitcoin BTCUSD Next key Buy and Sell Points Bitcoin is again trying to build a base from a new near term low established at 9515 on Bitstamp feed. It's made a right shoulder at 9912 support line since then and is trying hard to rally but finding resistance from the old parallel above it which had acted as support earlier on in this decline. It fell 2500...
Bitcoin BTCUSD Next Buy and Sell Points The weekend rally ran out of impetus by Sunday night with no impetus still from far East. Since then Bitcoin has zig-zagged back down in a continuation pattern, finding support from just above fixed and dynamic support junction at 10772 on Bitstamp chart and bouncing back up to test the parallel above it before...
Bitcoin BTCUSD Sunday After breaking lower early on in London on Saturday morning Bitcoin fell to a low at 10800 on Bitfinex feed - was meant to fall to 10750 at least once the break came, so not too good. Even worse, no buy orders were placed anywhere near the lowest levels...on the upside Bitcoin had to break above 11230 to trigger the next long, looking for...
Currently in a consolidating channel. The yellow lines display points of breakout from the consolidation pattern. The lines are just one of many other signals that go into entering the trader. The breakout trend lines can also act as a pivot point for trend reversal. Be aware of support and resistance in those areas. breakoui trend lines = yellow lines, also...
Bitcoin Weekend Update - Bitcoin and Klondike Compared - Next Buy Points After the selling climax reached post S Korean news Bitcoin, if it was to continue acting like text-book version of how a coin should move, was expected to rally back to the very start point of the rout and then consolidate. Overnight Bitcoin played by the book. Actually the high on...
Bitcoin Update The long from the retest of the lows at 12810 on Bitstamp chart has gone quite well overnight as far Eastern buying helped to drive price back up towards the start of the rout that began 24 hours earlier out of S Korea. We had a likely upside limit to his trade in the near term at yesterday's high point around 14200 for a rough 1300 point win but...
Bitcoin: BTCUSD The flag formation stayed good up to the point when the Far East session took over, with no further visits to the lower parallel - 2 strikes = 'hot' - and Bitcoin then duly broke higher as the flag had warned it would. But the rally only got as high as 13462, some 18 points shy of the target before falling away again. So was 22 points out on the...
Bitcoin: BTCUSD The big lower parallel came to Bitcoin's rescue and gave as good reason as any to close out shorts from here...but it didn't quite hit the line perfectly, which was then lying at 12028 - the low of the day was in fact 12050 - so quite close, 22 out, but no cigar. If you managed to get out and switch long close to the lows you therefore did really...
Bitcoin. BTCUSD After spending an hour or so dancing between the two bigger parallels Bitcoin finally broke higher when China opened, and buyers drove it in a straight line 600 points higher in 15 minutes of frenetic buying, seen in the strong green candles on chart - and rising up through 4 blue lines of resistance before peaking and now falling back to where...
Bitcoin: BTCUSD Trading The Breakdown The massive head and shoulders top formation that has been building since the weekend highs has been completed today. Though quite loosely defined and with two potential neck-lines lying 300 points apart at 15814 and 15509 the pattern is undeniably bearish for the next 24 to 48 hours by look of the chart. But in very near...