The general alt context is the one of a very strong correction. Some major cryptos broke (yet) historical support levels, LTCBTC -4.43% just broke the 0.010 line that supported the price since may. It confirms the Triple top pattern. The trade has, seen the context and the major break, an high probability of success. We well use the maximal amount of money...
buy@1,1809 stop-loss 1,1779.
BITFINEX:BTCUSD Over the past week BTC seems to have been developing a few interesting trends and based on the current chart with a one day time-frame I want to discuss one of the most evident patterns that will be familiar to most and probably new to some. In this case, we'll be talking about the triangle breakout which I believe to be in play at the moment,...
The reason I am shorting the EURGBP are listed below: 1) There has been a very strong resistance line dating back to June with 5 attempts to the upside and only breaking it twice but it has been a zone that is not easy to break. 2) The pair has been in a strong downtrend since early September and I believe it is now in an area of consolidation. 3) Taking the...
I'd set my stop somewhere in this range. The previous low was do to a panic in the market and I'd much rather be stopped out then be holding at that point.
The Japanese yen is currently at a multiple tested support range at 0.00900. Here you have to look more closely and there are several possibilities: 1. Direct long positioning and stop loss under the support area 2. Wait for a stronger counter-move (for example higher closing price than the opening price yesterday) and then long positioning. Stop loss put under...
Litecoin failed to hold our lines (see last post on Litecoin). We have one more critical support at $42. We break that and I am out and bearish on Litecoin again. Good luck Litecoin longs!
FX_IDC:GBPUSD shaped the bearish wolfewave which appears to be a good opportunity for sell entry with high profit/loss risk ratio even at conservative TP1. RSI divergence and rising volume at point 5 are confirming the peak formation. Opened 4 shorts at 1.305x/6x with SL 1.3141 and TP1 at 2-4 line crossing / TP2 at 1.2643 Tomorrow will be an interesting day as...
TPs Displayed on the chart STOPS above X *Trade at your own discretion
CoinBase:ETHUSD charts are now forever messed up because of the CoinBase/GDAX feed and the ETH "liquidity" / processing delays of today, June 21, that led to this event. I wonder how many ETH panic sellers CoinBase/GDAX screwed-over as Bids dried up or were pulled, and who was the genius who left a Good-til-Cancel Limit Buy Order at US$13 on GDAX, for what...
I am look for key short points on NZDUSD. This pair is now oversold in higher time frames so short term buy will work on trading... but I hope it gets back into trend soon.
This looks like a pennant formation as there were 2 wicks that were acting as support and momentum of the current movement is decreasing as well. Place stop loss below nearest support line and price will be taken at the next resistance.
Disney recently announced positive news surrounding it's executives chain and has held a strong uptrend over the course of the last few months. If the stock breaks and closes above $112.86 there's a good opportunity to go long and follow the uptrend. If it breaks downward though, and closes below $111.12, then an opportunity for a credit spread or put position...
On my previous post I stated that there could be a downside movement for this pair. However, there was a large amount of upside movement which looked like it was due to noise or news which has been released. As seen yesterday there was some news released for AUD which may have sparked the current increase in buyers. I feel that the noise period is over and a...