Bitcoin: BTCUSD Over Thanksgiving Entry Points for some potentially big trades ahead: neutral in near term ahead of the action
Hoping you'll have got out of longs when that pin bar mentioned in last update coudn't be beaten. It was likely a serious player in a low volume market who knew what he was doing at an inflection point with good timing - on a holiday, but...
Silver: XAGUSD Look to Buy Dips
It's just about bearish enough to go long here. But no one
seems very interested. It's likely to need the dollar to break
below it's lower parallel (see DXY comment for back-up to this
trade) before interest picks up here. One thing it has in its
favour is those pin bars forming off the dynamic support shown
on the chart. It's...
Brent Crude OIL UKOIL Trade Set-Ups for this Week
Position: Flat - Just didn't trust this short after it bounced at 61.70 first target and then started to build a near term low
at 61.33 so closed out the short for just over 100 pips after spreads, as per updates to last comment. Disappointed at the
time to close out a trade that had stopped behaving according...
Brent Crude OIL UKOIL Trade Set-Ups for this Week
Position: Flat - Just didn't trust this short after it bounced at 61.70 first target and then started to build a near term low
at 61.33 so closed out the short for just over 100 pips after spreads, as per updates to last comment. Disappointed at the
time to close out a trade that had stopped behaving according...
Bitcoin:BTCUSD
It's made a break above the small parallel and run into the first line of profit takers and sellers and so far holding up
above that frustrating old dynamic. If you've gone long on the break above the parallel please raise the stop to right under
the old dynamic - say just under 6575 - for maybe break even if this gets slapped back hard again. So...
Bitcoin is now approoaching important resistance again at the break level/original shorting point from yesterday, at 6445-
6510, with the additional problem of the old dynamic support line that propped up the rallies from the summer lows hanging
above it 6515. So it's a near term short for day traders from 6510 with a stop 50 points above but only back to 6300,...
BITCOIN: BTCUSD Update on Positions
Not a bad day, so far but need to keep an eye on this short still...day-traders have made 250 points from the short from
6300 early in UK morning, then another 200 to 450 points from the long at 6050 just an hour later, depending on where you
took profits and now we're short once more from the highs of the day at 6450 with...
BITCOIN: BTCUSD Update on Positions
Not a bad day, so far but need to keep an eye on this short still...day-traders have made 250 points from the short from
6300 early in UK morning, then another 200 to 450 points from the long at 6050 just an hour later, depending on where you
took profits and now we're short once more from the highs of the day at 6450 with...
Bitcoin BTCUSD Update Too Whippy
Got stopped out around even at 7060 this time. Still
unconvinced by the rally attempt and looking at that pattern
it should fall much further still. Yet, we've seen how tricky it
is selling now, with two pin bars on the 2 hour chart, so
although bearish this area here between 7137 resistance and
support at 6935 is too full...
Bitcoin: BTCUSD
Got to sleep sometime unfortunately. Sure enough Bitcoin made its low at 6928 after making an initial low off the lower
large parallel and bouncing it then came back to make a double bottom low at 6928 before doing what it was meant
to...bouncing up to test the upper contolling parallel. Annoyingly, after trying to avoid getting stopped out of a...
USDJPY
A battle royale is raging between these two heavyweights,
caught between the lines of near term support and resistance
shown on the chart. The fight could go on until Thursday at
this rate when one of those two lines should finally give way...
It's OK to buy at 113 (with a stop no more than 20 pips away)
but would still go flat again at 114.30-114.50 as...
BITCOIN: Bears can't win yet until they can break 2225-2215 and then 2180 below there. But neither can the bulls unless they can take 2350 out. One way or another, if you're patient enough, this is going to break and if it happens to be to the upside it should be worth following
