Bitcoin Weekend Update Lost the plot overnight with Bitcoin. It lost trck of the parallels but hasn't fallen away again to the lows but instead has made a good right shoulder at 13700 and has bounced . That is really positive overnight price action. In the process Bitcoinn has formed a reverse head and shoulders with the neckline at 14874 and a minimum upside...
BTGUSD Full Rinse Out Ready to go again Back in the buy zone ahead of weekend- it's been to the lows at 193 where it was an outstanding buy and may present another opportunity either from lower down again towards 193 or alternatively once 212 has been regained and holds for a few minutes. The 191 level must hold up today to avoid further significant...
BTGUSD BTG took over from BCH at around 11pm est - as BCH topped out BTG took on the baton and ran higher and higer for the next 5 hours as BCH headed back south. The patterns are similar on both charts, both tracking within a series of parallels, a sell off the top pair and and a buy off the lower pair. It's ahving a problem at 305 and looks like it has to...
ETHUSD Update Neutral in near term but still bearish whilst trapped under 440 Very interesting price action here: having sold at 468/9 we were waiting to see if ETH could hold up above the lower parallel...it tried so hard for a few hours but eventually it succumbed...failed breaks: remember the pyschology gone over in past posts...day traders are out almost...
Bitcoin BTCUSD need to be carefulnow to watch htis isn't turning here by making a right shoulder off support at 6300... Earlier, it was noted that 6300 marks 20% from the top, standard text-book stuff. It's Ok to fall 21% intraday, but not fall more than this (19% to 21% is standard stuff, right?) - well, spookily, 21% off the top is 6240 - and the low so far is...
Ethereum/Bitcoin ETHBTC Toxic Who is buying this? Why? It's still in a massive down-trend that shows no sign of waning soon. It's a short every time it touches the falling trend line from the high and will only ever become a buy if and when that downtrend is broken. As it stands now, it looks like it should fall further back to 0.0361 and then try to bounce...
Trend line did not complete third touch, but uptrend is strong. Recent USD news gave temporary fall but with FOMC and overall uptrend factors looking for 40-90 pips to the upside
Head and shoulder pattern emerging on the 4 HR chart for USD/PLD. The pair moved back up to the neckline and waiting to bounce or break through resistance. Follows, Comments, and Likes are appreciated!
Could be a strong buy signal for Daytrader, if its a Breakout. Good material to learn from.
Nerdyness on a new level. ETH enterprise is ready for takeoff . Destination far far up and away. The only thing we know is that Vitalik have saved you a seat. Remember to hold on to your Eth...We are going very far and its going much faster then we thought .Cause this thing runs on Ethereum . -Disclaimer , my first chart ,made from what I have learnt reading on...
EURUSD: The Euro should gap up on Monday and surge to 1.143. So 4 EU upside Vs I EU downside
This one is all about watching the price action. The RSI isn't really telling us anything useful, but we have an interesting structure forming here. Traditionally, I'd be looking for a break of this resistance, but something tells me that if it breaks, it wouldn't be a violent move down. Instead, I'm looking for a bounce candle so I can ride this trade back up...
Here we see weak RSI, along with a strong break of a long term price level. I'm going to be watching the price action on this one, and if i see buyers thwarted, I will be selling short. Watch this one guys.
With the Monthly Chart on the AUDCHF undergoing a retracement to the 50% area (at least, it means lots of buying opportunities for the lower timeframes! Of course, I'm not going to hold a trade for the next 3 months, but I am going to be entering and exiting multiple times! Here is the first entry I found using Fib Inversions! Free to go aggressive on this one,...
what this chart says and why closing is being shown as 8525.75 intead of 8296
MRF IS CRACKING SLOWLY WHO TRADES INDIAN SCRIPTS SHORT THIS AND ENJOY PROFITS