Bitcoin Coinbase Chart Breaking Higher Again 10:42gmt/05:42est It's popped the upper parallel and is now in process of trickling back down the same parallel - so now we need to see a higher low set on this decline - maybe at 10333-10300 and if not off the lower dynamic support line...that is the signal we need to get long again from here. So far this looks...
IOTA IOTUSD Yet another reverse head and shoulders pattern with a minimum upside target at 2992 once triggered by a break above the neck-line which is now closeby at 2.222 - with stops a little way below the neck-line once broken to upside.
Have indicatios and a bias to believe that there are opportunities for the GBPUSD to go long for the Mo/W/D timeframes as trend momentum downwards has been broken, and overall Mo is up. Using the trading methodology from my mentor we can utilize a set and forget type of trade of the order flow method, since upward monthly trend is currently upward.
FTSE 100 UK 100GBP Key Levels and Trade set-ups today This chart shows FTSE's great 9 year rally from start point at the lows of 2009 to the end point on 11.01.18. This cycle forms part a longer 9 year year cycle that was described and shown in last FTSE comment. The lines of support and resistance are clear and should be helpful in coming trades... FTSE has...
FTSE 100 Index: UKX Long Term Time Cycles in FTSE Index After rising 10% at the start of the 2018 FTSE has fallen all the way back its start point for the year. Up 10% and back down 10% in 6 short weeks. The action looks unlikely to stop now. In fact it could be just beginning. Probably the greatest trader who ever lived, WD 0.61% Gann , told us to measure...
S&P 500 Potential Buy Set-Ups Clear continuation pattern as it rinses out every stale bull who jumped in at the first big impulse wave upwards and on the wrong side of this now...should make a sweet double bottom or close to - the first long is a speccy buy with stop either under today'slow at 2615 or at lowest under that last low to left of chart at...
NETFLIX NFLX Buy Neflix and Chill - but where? Volatility returning to the market is throwing up some interesting short term trading opportunites, with Netflix being a prime example... The nearest support lies at 261. If this fails today it should open up a shorting opportunity back to 228-245 range. The 245 level is important, being the start of the...
GBPUSD Sterling pinged off the next blue line at 1.4317 and leaving pins on the daily chart - like a crypto in super-slow-mo - this is moving at one frame per second compared to crypto-world rate of speed at 240 frames per second - same fractal/ratio. Although GBP is sitting back on the nearest support it doesn't look likely to create much of a rally, just a...
MONERO XRMUSD Short Set-Up Tessting major reistance at 213 and becoming vulnerable to the next decline. Once it breaks below the small dynamic support line running under price it should fall away to 150 again and potentially lower still.
Ripple Next Short set-up Ripple XRPUSD Approaching a major resistance point and on verge of next collapse. See what happens on each previous rally collapse. Can wait for this to fall below the small dynamic support line underpinning this rally. Once it breaks it should come back to test the structure to its left at 0.558, a fall of 30% or so and worth...
Lately GBPNZD breached the lower Elliott wave channel line around the 1.9205 region, which can suggest a bearish continuation to be in progress. Notice that rally from 1.8614 level is in three waves, which is also a sign of a temporary correction, so more weakness may follow. All said, a further break below the 1.9004 level will confirm more weakness.
EURUSD Trading the Bull Flag Formation A small bull flag looks to be in the early stages of formation. With DXY still under pressure and expected to fall away a further 2.5% to 88 over the coming weeks EUR has further upside in store. Can buy the dip back to the lower parallel of the flag - if EUR is to remain very positive there will only be 2 strikes on the...
BCHUSD Next Buy Points BCH is coming back into a buy zone at current levels and down to 2485 - look to accumulate on dips now with stops below the dynamic support, looking for 283-2910 area to begin with and up through 3177-3255 to 4100 further out in time.
Litecoin: LTCUSD 2 buy points: 1. On test of 240 with stops at least 5 lower, under the dynamic support line. 2. Add On a break of the dynamic above - need to see some volume pick up with the latter and a decent rally in first hour after it happens...if we see this it should pick up momentum as it rises and should then hit 283-285 before it meets profit...
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...
GBPUSD Another Dog that hasn't Barked Today's price action shows big spikes either side of current price, denoting uncertainty on both sides of this fight. But GBP has stood strong as the Dollar surges...what is it likely to do when the Dollar stops? Sterling has spent all year defying the bears. By the look of the flag now forming that situation looks unlikely...
GOLD and DXY Gold and Dollar Index Update DXY did come off from where it was meant to last week but has put up more than just a fight so far in the 92.74-92.50 range. The fight back was to be expected, but it's doing better than envisaged so far here - and these conclicting signals urge caution now ...no interest in getting involved in a battle of whipsaw...