BTGUSD Next Short Set-Up from Here
The wider spread compared to BCHUSD has seen
volume shrink away on this pair and swell on BCH.
But it's still a good shorting vehicle nevertheless. It halved
from 26 to 13 in a matter of days for example.
"No coin is ever too low to sell" - to update a W D Gann quote
for the 21st century.
The downtrend is still strong here ...
This has been a good short through most of August, down 20%+
from the 542 break level to 426 now.
There was a second chance to short again from the lower
green arrow as it broke the continuation pattern at 46 which
has yielded close to 10% this week.
But it's making a little double bottom here and the near term
downside target has been touched ...
NEOUSD Update and Next Trade Points
It's been a week since the last scan across the top 20 or so coins.
A lot has happened in 7/8 days.
Remember that no coin is too low to sell and likelwise in a bull market no coin is too high to buy.
Remember also that we play a game of probability. Some play momentum and volatility and some play hunches and mistaken beliefs. ...
Sterling has spent all of August in free-fall.
After breaking below the support line at 1.3029 it's finished the week right on the next line of support at 1.2766 after a low on Friday at 1.2723 .
It should counter-rally some more from here, potentially as high as 1.2928-1.2957 at best before it comes off again back to current levels at least.
On the ...
Patiently waited for the bull (R.Angle) ascending triangle to complete on 4h chart, with MACD convergence made the trade simple.
Strong bull candles on previous days recommend to break through and move forward,
Loaded up @ 1.7187 with RR=1:5.
Will evaluate the trade during and after.
Bitcoin Saturday Trade Set-Ups for the Aficionado
BTCUSD: Bitcoin Saturday Trades for Die-Hards
A slow overnight session has given way to a slow start to Saturday trading.
Bitcoin has held up though and if still long here is about 80 points up on the last entry at 7375.
Looks like we're stuck with scalping still for now looking at the lack of interest ...
Bitcoin Bitmex Chart Update XBT
After 36 hours of consolidation Bitcoin has held above the key 7265 level after a spike low at 7243 on this feed and since
then has survived a couple more retests. It's not ready to fall away yet therefore.
Looks as if it will make another attempt to touch 7615 and maybe spike into the uppermost parallel again as yesterday -
We've seen situations where it wedges up and it PUMPS or the classic break & retrace. I'd be more bullish on a downward wedge but, it LOOKS like we're gonna retrace a bit. Anything could happen and the market will do what it does. This is just one perspective of MANY possible outcomes. My level for entry is 6430~ but, ladder your stops and be sure to choose proper ...
WTI USOIL: June 3rd Trade Points for Week Ahead
Good call/bad call last week here. Was looking to close out the short as the week began at around the 66.48 line and then
reversed long from here looking for 69.48. A forlorn hope.The rally got as high as 68.63 before failing away to end the week
1 pip below the next key support at 65.55 - and busted out ...
Saturday Update Take Profits/Next Long Set-Up
Ripple has had a nice break since busting the neck-line and is
now testing the first line of reisistance at .6493
It really needs Bitcoin to break above 7735 for it to power
ahead from here to the next resistance line at 6921.
Can take profits here and get ready to go long again once .65
is taken back by the bulls ...
31st May FTSE 100 Index Update UK100
FTSE bounced away nicely off the support zone at 7600-7580
and really we should have reversed back long off 7600 with
stops below 7580. My bad here.
But it's beginning to struggle and if you were slick enough to
reverse long again without prompting the long stop needs
raising to just under 7680 here.
Any failure to hold ...
Dax Index DAX Topping Formation Short Set-Ups
If you trade Bitcoin you will be familiar with this pattern for sure.
Having broken below the longer term lower parallel the Dax has fallen away to structure lows to left of price, dropped a
little lower to take out the last swing long stops - and then promptly swung back higher again. In doing so it's tracking ...
FTSE 100 Index UK100
Since making a seasonal high on 22nd May FTSE has fallen away down a narrow impulse
wave and chanelled down the smaller falling pair of parallels from the new high.
Whist constrained within the channel FTSE remains vulnerable to further selling pressure
back to the first minor support line at 7691. Failure to hold here will trigger a ...
BTCUSD: Bitcoin Trade Set-Ups from Here
The pattern Bitcoin is currently making is treacherous and too
unclear to contemplate a trade at this point.
It looks and feels more manipulated right now than ever - as if
price is being left to run a little higher to stop hunt weak
bears before it gets reeled back in again. It should only get as
far as the upper ...