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...
ETHUSD Eth has popped the upper parallel and has now come back to support at 410 offering a place to get long with a stop just under 409 for small loss if wrong from here
IOTA IOTUSD Update Trying to base here - Buy points Within minutes of publication the little dynamic support line that had held upyesterday's rally was broken, flipping IOTA from positive back to negative on a dime. Stops for longs were running up under the parallel as price moved north. Well it was good whilst it lasted but once that little dynamic was lost...
Brent Crude Oil UKOIL Last long shot with tight stops ready to reverse here if wrong Right on key support at 62.18 with a low at 62.14. If this fails here the entire wave from the lows is exhausted. At this point, if seen, we switch from buying dips to selling rallies - it will fall away to 61.15, bounce some and then likely fall away to 59.44 and potentially...
DXY Dollar Index Update Near Term Neutral but Dollar Trying to Base DXY did come off from where it was meant to last week but has put up more than just a fight so far in the 92.74-92.50 range. The fight back was to be expected, but it's doing better than envisaged so far here - and these conclicting signals urge caution now ...no interest in getting involved...
BCHUSD Buy dips again but keep an eye on Bitcoin This produced one of those perfect breaks today that all traders love...the trigger was a break above the smaller continuation pattern back down towards the lows at 1400 - the minimum target was 240-258 points higher at 1620-1638. The high of the day was 1638. How many managed that? Top trader today if you did!...
BCHUSD A Nice pin bar left on chart at 1540 support line - steady above here...ready to rally again from here with stop under the blue line at 1530
BTGUSD Update Neutral to bearish near term Left this awaiting a successful break of the parallel to the upside having bought again around 290-288 - but the break was dud at 303 first resistance with a couple of tiny pin bars (like BCH, too) showing rejection....over about 3 hours so giving loads of time to see the top/resistance forming and therefore...
BCHUSD Back in Neutral but with bearish undertone whilst 1539 cannot be beaten This has been a minefield to trade over the last few hours. Longs bought at 1461 got blown away with stops at 1450 and shorts from the same point have also been whipsawed out for another 10 point or so loss. A complete mess. The big green bear engulfing candle shows a lot of interest...
DXY Dollar Index Close to collapse once more The last rally was 77 pips. this one at 93.27 high is the same. DXY will either fail here, the most likely spot, or at 93.49, just 22 pips higher. It should fall away by 2.4% to 91.05. Good for EUR gold, silver, copper longs and baby Alts who need a break and maybe oil too for the next few days. Asusual about 3 wise...
LTCUSD Litecoin Dollar Still pushing higher but there is a danger here of loss of upside momentum here without more buying power arriving soon. Key near term support has been established at 89. Any fall below 88 will likely mean a fall back to 82 at least. Raise stops on any longs here to 88.
To Infinity and beyond. BK all day!!!!! Thank you. I got a 1 on 1 on with you @ Wednesday 3pm. Cant wait... Strangely enough, that happens to be exactly the same time that Indahash starts phase 2 of their ICO .. (Hmmmm...synchronicity?>>>> "The charts make the news"-BK I'm pretty new to charting but its awe-inspiring how strong their effect really is. These are...
Bitcoin: BTCUSD Do the Math another way Whilst Bitcoin gyrates around and waiting for a clear pattern to emerge - no hurry - old bull mode, not young one - waiting for dust to settle - here's a review of yesterday's tough-won 2% gains. Today ETHUSD has been clearer, so wrote on that in interim. It's just a prettier chart right now, and more profitable too today,...
Dollar Index DXY Update The dollar is still in a medium term downtrend and currently making a small continuation pattern inside an inverted flag before falling away again. It should halt here at 93.78 and at very best as it reaches 93.99 and spikes into the upper parallel controlling this little consolidation period for the dollar. Gold becomes a buy at...
EURUSD The sell off from the neckline of the large Head and Shoulders top formation above it hasn't been particularly aggressive so far, but the littlle rally attempt today has been severely knocked back. DXY hasn't quite finished unwinding the recent overbought condition after a recent near 2% spurt (see comment) and will likely move sideways to mildly down...
Bitcoin: BTCUSD Update Over the last 12 hours or so Bitcoin has formed a continuation channel , dropping out of the lower parallel as London opened and falling away, making a bounce from support line centred around 7150 and then rallying up to the next listed old support/new resistance line at 7250-7274 where it fell away again under the heavy weight of...
Having totally blown most players clean out of the water with the biggest fake out in history, it's getting ready to go again - if you are. .. it's come back to exactly the same levels that the Chinese were buying at last night...7077... put a buy order in at 7090 with stop about 50 points lower and it may get filled later on if it comes back to make a double...
EURUSD This swing trade on the short side from 1.1893 kiss on the parallel is going well, so far. A neat pattern here, with a head and shoulders at the very top with an exact 200 pip downside target at 1.169 (met) and then a much larger, and more threatening head and shoulders forming over the following weeks with a downside of 420 pips from the neckline down...