Bitcoin BTCUSD Still Long, Still Strong So, for the first time in a while no selling pressure into 01:00est/06:00gmt. Was looking for a test of the upper parallel on Bitstamp which was scheduled for overnight or into today at 10900 and which still looks on the cards so far for later - once agin the direction of the callis OK but the stop left something to be...
Bitcoin Bitfinex Chart Update 10:37gmt/05:37est Still Positive - Buy the Current Dip The big rising dynamic on Bitfinex was the best/most reliable of the 3 feeds we cover overnight and the early morning 7am gmt break out of the consolidation pattern was very precise and right down at the lower levels...so this is still giving good signals and will therefore be...
Latest Update 11:00est: Bitcoin is still positive and a near term buy on retests of the smaller dynamic underpinning the day's rally towards the blue support line at 9960-9940 with stops below 9900. Also raising the stop here to just under 9900 on current longs on Bitfinex to trap in 100 + points if it gets struck (day trading). The other choice for swing...
Bitcoin BTCUSD Weekend Next Buy Points An excellent 1300 or 16% rally on Coinbase with an early break-out at 6.30 gmt at 7950 level yesterday (compared to Bitfinex) has taken Bitcoin to the 9061 line overnight before topping out 24 hours later (at 6.30gmt this morning) as profit takers moved in. The lower parallel was broken soon after at 8885 and all longs...
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...
Bitcoin Update So far today Bitcoin has rallied to the next restistance line at 16447 after a high at 16487 but has since fallen away again, coming back close to important support at at 15574-15485 (amended to cover yesterday's price action better). It's a buy in this range with stops below 15450. Above here the trend is still positive but any break below...
EURUSD Don't get Spiked in FOMC aftermath Eur stays under pressure whilst trapped within the parallels - a break above the upper parallel means trend change back to positive for EUR - not a spike above the parallel (FOMC) - a successful break and hold on retest to know that trend is changing back to positive for EUR. Update: A fantastic break that we usually...
BTGUSD Update BTG never made it to 188 entry point, which was calculated by it hitting the long term rising support at the bottom of the chart - unfortunately 1 day earlier than it did - close but no cigar. If you got the eventual low at 190 bang on by watching and waiting that extra day you have been well rewarded for that patience with BTG up 45% in 36 hours...
Brent Crude Oil UKOIL Brent recently broke the long term parallels that had carried it faithfully within its force ever since the lows at 44. Now it's almost exactly 50% higher, with a new high set at 65.70. We were short on the break below the parallel and then closed out around 61.15 for around 90 pips profit. Good thing we did. Bad thing we didn't go...
Bitcoin Update Still strong whilst within the new Parallels Having left the building (contraints of the last paralllel) last night Bitcoin went on a tear, nothing to hold it back now. After bottoming a second time at 13083, just under the 13210 next buy point and under the old parallel by 130 points...this would have stopped out the long from 13210 (in all...
ETHUSD ETH is breaking down and extremely vulnerable whilst below the resistance line falling from the highs. It's a sell off that line, with stops above it. It looks like this will fall away in stages, with each fixed line of support offering a chance for day traders to close shorts and then sell again as it rises to test the line above it. There are some nice,...
BCHUSD Still Negative despite bounce BCH duly had the full-flush out we were looking for, hoping to get long around 1180 and at 1126 with a stop 'at least 10 points lower than 1124'. The pin bar extends just below the last buy point by 23 points. If you got that low without being stopped out then you win trader of the day award...close to perfect, but marred...
BTGUSD BITCOIN GOLD DOLLAR The rally today is thin and grindingly dull, but it's steady. Better to be long with a stop under the little uptrend for the day than flat. But if at any point the day's supporting line is broken it will likely force price down 25 to 30 points to 340-330 range where it becomes a buy once more. This thing has already lost the...
Bitcoin Dollar BTCUSD Steadily grinding higher within the parallels Lost the track of this yesterday, getting precise angle of the parallels out by a critical couple of degrees. It meant the break of the parallel yesterday was out and so far no bears have dared to challenge this ascent. Very bad and it means that wins here on the day were severely eroded by...
Overall dull right now but with a positive undertone, still, at these levels. We look to buy from lower, closer to 7531 if touched or, if very lucky, on any sharp fast test of the lower parallel which would also be viewed as an excellent buying opportunity, should we be lucky enough to see it later in China/London on Monday. Unlikely, but it's Bitcoin. If...
UPSIDE from here Stuck in Neutral Still - Shock...since when was Bitcoin neutral? Bitcoin is doing its best to defy the bears and is technically sound above 6440. It's still a buy on dips to the pivot at 6470-6440 with stops just under 6420 for small loss if wrong But trade is slow and whilst below that old dynamic support at 6585 now it's still twitchy and...
Brent Crude Oil UKOIL Update Had to update this position via original comment whilst embargo was still on, repeated here (sic): Hva etaken a short position with tight stop at 64.72 but ready to reverse, as above. High so far 64.62 - close but not hit yet. That has proved to be the high so far as the Opec meeting gathered. Still don't think it's too late here...
Bitcoin Pressure says on whilst trapped within the impulse wave. Should hit 6928 soon and make a bounce...if short great - stay that way until Bitcoin can escape the parallel on the upside, whenever that comes (track it on 15 minute) and close out and go long for quick bounce to old support... That's Ok for day-traders, maybe, but swing traders are still...