Bitcoin Update 26th July 11:16Est 06:16Est Bitcoin was a buy on a break above the 8160 line yesterday (though by time comment went live it had already broken higher, sorry- busy day yesterday all round) It was also a buy if missed the first break on a return to the 8160 line overnight, with the low being 8163 since then. But the rally is a little lame so far...
Bitcoin Bitmex Update Not much has changed overnight. It was still a buy on tests of the 7355 line but only for scalps... If you bought on the second test of this level overnight raise the stop to 7438 for now. The spikes above price suggest it's still not wanted much above 7500 so far. The rest stays the same for now, a repeat of yesterday as nothing has changed...
Dow Jones Futures DJIA1! 10:15bst/05:15est 20th July Despite the counter rally this index still looks weak technically. It should start to come off from around here and from the upper falling dynamic from the recent highs at 25035 at best. It should come back to the overnight low at 24902-24850 range later today. It must hold and bounce here to avoid...
EURGBP has been in a tight range for some time, with stops growing on both sides of the range. Given today's behaviour thus far, a break lower is possible. Any positive news on the Brexit front could push this through the stops and accelerate towards 8720s.
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...
I am observing this beautiful bull flag whole night but I would already want to go to sleep :-D So I decided I to put a buy stop loss order to automate the process. The bull flag trade is usualy traded at the breaking poit at the top of the flag (see e.g. www.youtube.com) - which would be 5719 EUR for the current candle. I wanted to place stop loss at 5730 EUR,...
Lot of SL involve at the levels below and as we all know BTC loves to trigger them all :) If we break down we are probably going to dip. Targets are the bleu boxes.
For now, my idea still stands. Short term short trades are in the play. My 7100-ish short trade still ON. Targeting first 6600, then looking for 6000 and below with major momentum when the stops get triggered (red square). Liquidity gap can make the price spike very low, who knows how low. At that point, I will be a buyer with a short to medium term reversal in...
Flat now, some gain and some loss taken. No more charts. Happy trading.
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Bitcoin: BTCUST Last Update 01:20gmt/20:20est Bitcoin is continuing to grind higher, still contrained by the parallel above it.It's double topping in the near term - has to find buyers enough to push above the high at 11490 on Coinbase feed but will likely still get rejected by the parallel above it even it can push higher now - but grinding upwards towards...
1st target reached. Second target set (11300) and stop adjusted (10500). Highly tentative Fibonacci proposed. Overnight profits taken (20% of investment) and reinvested at pull back (10700) The 56 and 61% RSI S&Rs still not broached Overall Profit target: ~10% Caveat : I am not a professional trader or adviser. Do your own research before making any trade....
Howdy Yall! I know its been several days! I finally was able (with some help) to get back onto the recording video train. There for awhile The Trend was shut down because I couldn't get videos to load. Once I had shot them, clicking on the publish bar would make them disappear into the great beyond. We're over that now, and we're back to work! Today we...
Welcome back yall! Today on The Trend we talk about the unknown direction of BTC. It's a challenge to call a move upward, or downward with long term trends crashing one another. What usually gives it away? VOLUME . There is no volume in sight. We have to wait untill we see some volume to have conviction in the next move. Later today - or possibly tomorrow...
Do you sometimes get pushed out of a profitable position? Do you see the market coming back to your breakeven stop, only to then continue going in "your" direction? The market is doing this constantly, so be aware of this. I will show you two areas where this has happened yesterday. Traders often do get no "free lunch", which means a riskless profit. After...