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Upside

Dash/Dollar DASHUSD Reverse head and Shoulders with more upside DASH/DOLLAR DASHUSD Reverse head and shoulders with minimum upside target at 464. It's then morphed into what looks like a continuation pattern from September through early November, with a beautiful pin bar from the right shoulder ...which is itself the head of a tiny final reverse H&S - before Dash explodes northwards on aggressive buying interest. And on today's daily chart the low comes back to test the upper parallel for one last fleeting kiss. That's some classic price action. Lots of excellent patterns hiding in the noise. Should push on to 400 and later to 464. Very near term it may form a little flag - whatever it does will likely be pretty! - before it goes again. Time, as always, will tell
BITTREX:DASHUSDLong
by sumastardon
Bitcoin; BTCUSD Breaking to upside . worth following nowHaving 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 bottom first before it kicks higher again. If it does and 7077 holds up the first upside target is 7415, so about 300 points upside and 50 down, if struck and not stopped out. Otherwise, the safer strategy is to wait until key resistance for the near term at 7430 -7340 has been overcome and then look to go long on next pull back towards 7430 with a stop justunder 7390 for a 40 point loss before spreads if wrong, but 400 points potential upside. In nearer term Bitcoin is trying to rally from the start of today's structure at 7077 and then flipping down again at the 50% mark half way of the day's range. So it's now stuck in the weak half of the day's range, and, interestingly, is flipping within the same support/resistance lines drawn only notionally about 6 days ago now and yet still exerting some real power over short term swings if you've been watching this. Only once it can get above 7430-7440 should it calm down some and start to regain it's equilbrium and be worth following, as above - otherwise we need to see a double bottom forming off 7077 on the next retest to risk going long, as outlined above.The support lines have worked well so far, with a fall below any listed level leading to a test of the next listed level pretty much wiithout a miss so far, which is plain weird, but untilthey they stop working... as above, 7077 is the important support for the near term and into early tomorrow - if broken it falls to 6928-6920 which is absolutely critical support forthe more medium term (in Bitcoin time short/near term is 1 to 4 hours, medium term is 1 to 2 days - it's a parallel universe, forgive pun) and so if last-gasp support at 6920-6900 gives way at any point all long bets are off the table fast - it should lead to a collapse back to 6312 at least and quite possibly back to 6165 on a spike at which point althe structure shown on the chart will have been blown away and we can start to build again. But that only happens if 6900 fails, at which point it becomes a compelling short.it's been a hell of a day and it ain't done yet. There's 3 more hours to go- and Bitcoin's still up 190 points on the day so far. Thought we had this thing in the freezer and every time it gets back out wielding a chainsaw: Jaws on crack with Scarface's personality traits. That was Bitcoin today. And other days she can be so sweet natured. Back on the hunt.
BITSTAMP:BTCUSDLong
by sumastardon
2
BITCOIN: BTCUSD Way more potential upside in storeBitcoin Update The Shape this is Throwing So far, the parabolic shape Bitcoin is making remains very encouraging for the future. If it can now hold up today between the old high area at 7450 and the new parallel , now at 7425 between now and Tokyo and China opening we could see some spectacular gains...it just has to hold up now... Stops for day-traders remain under the parallel by 20 points or so for now and under 7330 for longer term holders for now. The last massive surge from 6000 to 7350 came from the East. They like break-outs - if we hold up today as above Bitcoin could begin to fly higher, substantially higher. $15,000 looks like the next big number: 2, 3, 5, 7.5, 15 - let's see. But we still need to get through today: depends how involved you want to get from here...it's still in corrective mode just trading between the high and a recent low at 7474...but WOW the shape here, if the highs get taken out later on here and early in China. Suggest increasing holdings if and when (hopefully) the high is broken again aat 7577 - whether that happens soon or later. Use a stop under 7450 and it won't get hit. Good Hunting, once more, with way more potential upside once we see a break above the highs than yesterday. Be Lucky.
BITSTAMP:BTCUSDLong
by sumastardon
Brent Crude: UK OIL More upside still once 60.60 is breachedUK OIL: Brent Crude: The medium term trend remains positive whilst within the parallels shown on chart, so whilst above 58 Brent looks to have more upside still, and should go on to test the upper parallel at 63.30 once minor resistance at 60.60 is breached. Will be looking to close down longs at 63.25ish and then wait to see price action develop at 63.30-63.50 range - if we don't see an aggressive red candle emerge it means hedge funds are still greedy for contracts and that upper parallel could yet get broken on the upside. Don't think it will, but need plan B in case - only if 63.60 gets breached on upside and then Brent comes back to test the upper parallel from above and then bounces back up through 63.60 will look to get long again for further strength up to 67.30 minimum. The next resistance above here lies at 69.73. Any test of this latter level is likely to mark the ultimate high of this run and if struck should present a good selling opportunity over the coming couple of weeks. More as this move develops...
FX:UKOILLong
by sumastardon
NZDUSD: Complex Correction With Potential! NZDUSD is also on our radar screen this week as we think that rally from Aug 31 can be corrective. Reason is of-course slow and overlaping price action which is personality of a corrective movement. That said, upside can be limited, but after seven legs as correction is going complex. It's a double zigzag with final wave c in play within wave Y that may look for a reversal at 0.7350-0.7380. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
6
Long on NZDUSD (KIWI)False head and shoulders. Caught it from a mile away. Im in from the entries as shown on the chart. I am very long on this pair. DXY(USD) is melting. NZDUSD only way right now is to go long on this pair. I am extremely Long and heavily invested in this pair. I believe we can hit the targets shown in time and break the previous high and go even higher. I had a previous post on Kiwi. Bias has not changed!! the Lower it went the more I bought in and added onto my positions. All those dips and false moves to the downside were done to shake away buyers. Be aware and on ur feet. It is time to go up . Safe Trading and Best Regards. Risk Reward Target 1: 1: 1.3 Target 2: 1: 3 Target 3: 1: 10
Long
by Pjorge89
False BreakoutAs we can see, Gold performed so well in the last day trading. The price went down to below the Major Support @1256, but in the end it closed above the Major Support which is also a 23.6% Fibonacci Retracement. Right now, the price is moving to the upper ground of the Bridge Area @1264 and also maintain to moving above this area. The Geopolitical situation is getting more intense, the North Korean started to threaten Guam and give a power for Gold to push to higher ground. From now we can see another opportunity to set Long Position in Gold. Right now I initiate a Long Position with Stop Loss under the 1250 area, and target around 1296. Good luck and happy trading. Please click " Like " if you find this analysis helpful. Thanks!!
FX:XAUUSDLong
by Kevin_Sailly
2
Long on NZDUSD (KIWI) I am currently long on NZDUSD. I've been long on this pair for a very long time, and now that we have broken monthly resistance(now turned to support) I don't think the bull run is over. I am hoping for a retest of previous resistance turned to support to hold on monthly level .7300. I believe that the USD DXY is going to continue to crash and we are going to continue the bull run on NZDUSD (KIWI). :). Scenario two is possible but thats as far as I think KIWI would even go. Good Luck and Safe Trading Risk/Reward: 1:3
Long
by Pjorge89
1