Just putting my 2 cents about the Litecoin market after watching it for most of the day. Using trendlines, support/resistance levels, and some Fibonacci lines. Got some of the price movements correct for a quick swing trade I did not execute(A lot of fear due to the long term charts, I believe signalling a up swing rather soon). Practicing for the larger swings...
Global Dow: GDOW Limit Down Across the World The pattern here is similar to GOOG (without the double tops) and shows how all major market indices have fallen under the spell of the high-tech mantra. What's good for Google is good for the world, well, world markets anyway. Critical support for this index lies at 2967. The low so far is 2276 today. Come what...
Alphabet: Goog Google aptly re-named itself, becoming the world's biggest Alpha Bet in the process. So goes Google, so go world markets. It was expected to hold up at 987 line but in the event the low fell at 982. If you went fishing down there it's now just approaching key resistance at the 1024 line. Close out here and only get long again once 1025 is broken...
ALPHABET: GOOG Alphabet has two habits: it makes significant double tops quite often (3 times in this 2 year bull run so far) and when it creates a gap at earnings season it usually comes back to fill that same gap around 4-5 months later - and when does this it tends to do it twice, creating double bottoms as well as double tops. This is the one stock amonst...
If we look at the ETHXBT chart from Kraken (okay volume, lots of history), we can see that that the ETH BTC ratio has been forming a triangle on the daily/weekly charts. I have drawn two triangles, the smaller one connects the 6 hour closes, the longer one connects the daily highs and lows. The analysis of ETHBTC bittrex charts also has the same timeframe on the...
Bitcoin Friday Update Next Buy Point Today Bitcoin duly broke higher from 10600 and we followed that break. Overnight Bitcoin has made a high at 11189, climbing three rungs higher on this particular ladder to reach 3 points below the the next line of resistance at 11192. Day traders are closing out here and looking to get long again from lower down towards...
Hey, this is my first idea ever published. Please note that I might be completely wrong, and that It's made just to add some idea on where the price might go. I will be really glad for any comment reagrding anything wrongly interpreted in my idea since it's my first idea since I started learning TA. Right now there are two scenarios that I can see happening in...
ETCBTC Ethereum Classic Bitcoin First important resistance lies at 3378-3385 - once it can clear this range it should start to attract more buyers and begin to fly higher still spiking into the 3530-3597 range - maybe not a bad area to hang some limit orders
Building on last idea and cleaned up chart . Same information as previous (linked) except a few extra confirmed pivots. Stop moved up from 0.0368 to 0.0398, assuming a 1-2 is in and another 1-2 (small) is being put in, stop under the 0.786 of the smallest, most recent 1-2. As with all alts, upside movement is most often associated to non "crashing" of the big 2,...
Bitcoin had a pullback yesterday where it lost around 7%. The market can't decide where they want to go so til we got some TA conformation or some good/bad news I'm keeping my fingers out of the game til my idea of a retracement to 8900 does it's thing in the next couple days. (I'm keeping you updated, so leave a sub to stay informed)
please note: this is not a complete trading idea. This analysis is entirely based off historical data. Many of us know that Bitcoin has seen several major correction throughout its lifespan. The last major correction took place back in late 2013, which resulted in a 90% correction from the top. The chart above shows the percentages and ratios I collected from...
West Texas Intermediate WTI USOIL WTI fell exactly 50c short of the upside maximum target before topping out and falling below the the lower parallel, thereby flipping WTI from still positive to negative - on a dime. Since then it's fallen away seeking support from nearest structure to left - and found it at 58.14 - the top of the structure to left. It's...
Dow Jones Industrial Average DJI Back to buying the dips Yesterday the Dow completed a 10% drop from the high (10% off the top is 23956, the low was 23923.8, just 0.5 of one point from the support line at 23924. An 11% drop would be 23690 - there is another fixed support line at 23613, just 77 points lower. This line line should be the limit of any further...
Bitcoin BTCUSD Update Next Buy and Sell Points The overall technical picture has not changed for the better as yet. Bitcoin is now on the brink, staring at a large 2000 point abyss. Even at these lower levels where it found willing buyers late last week, today it finds none. Dead cat bounce. It's still a speculative buy at 7700 and close but only with a...
It's two weeks since Charlie sold his coins..... 2 days ago (6-JAN-18) it looked like LTC decided to wake up with a flurry of tweets from @SatoshiLite highlighting the coins growth in usuage... transaction volume ...network security ...mining stats "reduce the relay fees from 0.001 LTC/kb ($0.30/kb) to 0.00001 LTC ($0.003/kb). We hope to have that out next week....
As we can see 0.00044891 level is a good support backed by the 23.6 fib. Volume is good, MACD is showing signs of upward movement. Our Target here are 1 and 2 as shown in the chart, risk here is very low due to the massive support at 23.6 fib. I am new to trading and TA. Trying to learn, may be I am wrong so, feel free to point out the mistakes. Thanks XD