Bitcoin Update If you've managed to stay with this overnight from the entry point at 13418 just 10 hours ago now you've done well. We bought again on the retest from above of the neck-line of the smaller reverse head and shoulders, now obscured on the chart by a larger one in formation, but shown at the green arrow point of entry. The minimum upside target...
Bitcoin Coinbase Feed Break Out with upside target at 14234 Very remiss - left the post yet again to attend to 'other' feed. (If you are a serious aficionado of Bitcoin and want pretty much round the clock updates please check for details at top left of sumastardon page.) We did buy again at 13417, right on the line, if anyone would like to check and then...
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
the head and shoulders PATTERN shown a downtrend to 7.300 the simetrical triangle has an amplitude line wich indicates the same objetive The same is indicated by Fibbonacci ext. 7.300 Besides, the elliot waves indicates that we just are starting the C wave (the longest corrective wave) Besides, we can see, the a to b channel is just a flag
DXY Dollar Index The Dollar Index has fallen to the next blue line of support 91.76 after an intra-day low at 91.75. It's trying to hold here. It's still trapped in a near term downwave and struggling to escape. It's already made one attempt to escape the down-trend and is trying again now. There are pins forming below the low and above it too on the 2 hour...
Bitcoin BTCUSD 2018 Well the last day of trading Bitcoin in 2107 was a difficult one. We managed to bag 450 or points from 13000 to 13460 early on (and day traders another 300-450 trading the range from 13000 to 13150, also earlier in London session) but then lost the plot as the day wore on with two poor trades centered around the 14000 level which lost...
GBPUSD Two Ways to Trade this pair right now Testing imprtant resistance from the upper parallel of the flag formation. Can be shorted with stops above the upper parallel for small loss if wrong and can also be shorted from lower down by using a break of he little speed line running under recent the lows as a trigger - looking to short on a retest of this...
BTGUSD Last comment was 6 days ago, back in the mists of time now. In the ensuing 6 days BTG has knocked out some patterns other 'stocks' take 6 months to achieve. Cryptoland is another planet, a whole 'nother world. We were buying this at 212 6 days ago and locking in last profits at 250ish before the decline gathered momentum, only because the chart told us...
Bitcoin BTCUSD. Christmas Day What kind of sad tw@t would be writing on Bitcoin today? Hi there. So how's Bitcoin behaving over Christmas? It rallies all morning in Europe and then at 12.45 GMT as everyone goes to lunch and buyers dry up it falls 1200 points to the lower line of what is now a developing continuation pattern, and, as usual tracking...
Litecoin. LTCUSD Bitcoin's failure has washed over into all the Alts but Litecoin has not suffered as badly as others, so far...if that's to remain the case then support at 245 must continue to hold here during the course of today (stops for longs need to be only 3 points or so under here) for any failure to hold will tip Litecoin into the hands of the bears...
I believe iota will finally take off again. I have the roughest time of all of them reading iota. Doesn't ever seem to believe it has ever made bottom after its explosion. Maybe its ready now but look at it sputter. I need to learn eliot wave to go with what I know. Seems like it will be weak if it takes off.
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 Still running within the same sets of rising parallels, BTG took 10 days to more than double from its lows. A laggard. It's still unwinding, making a similar continuation pattern to the one that has just preceeded it...it may try to rally one more time to 348/9 but once 321 gives way it should fall to 299-289 range, worth shorting. Whilst trapped within...
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...
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...
IOTA IOTUSD The rally yesterday fizzled out from the upper parallel of a newly forming continuation pattern. Using a trailing stop under the day's little dynamic that had underpinned the rally from inception at least meant escaping the worst of the ensuing decline by triggering an exit at around 4500 but it was a poor call nonetheless. If you reversed short on...
BTGUSD After losing the dynamic support yesterday BTG fell away to probe structure to its left and leaving pin bars of buying intent at 240 but never quite struck the support at 235 before bouncing away again - creating a new dynamic support line under the day's lows, like yesterday. Still grinding higher but meeting quite heavy selling and now pin bars of...
BCHUSD This short back to 1178-1123 range was going OK until that horrible spike around 19.30 GMT which stopped us out for rather sad 110 to 160 point profit when there was so much more downside left here. Still, we went long again at 1178-1123 range with a low at 1125 so no stops were hit in the final flush we were looking for. Sadly, have been so caught up in...