Bitcoin Coinbase Chart Update
Bitcoin was hanging in the balance by 19:00 est/midnight gmt just before far Eastern markets opened and although it was
looking in a bad way with the threat of an H&S top formation beginning to loom large above it we can never forget that this
is Bitcoin. It's capable of amazing escape acts that make 'Prison Break' look lame and...
Still good above the dynamic support line -
needs to clear 286 to add for rally to 309 initially, and higher
once 310 has been broken. A buy off the rising dynamic with
stops under the line - only turns short term negative if
broken, for fall to 263 and, should this level fail, to 245 where
it becomes a buy again with stops below 238.
BCHUSD Next Trade Set-ups ahead of Weekend
This was left as a short backk to 1180-1100 range and with a subsequent low at 1152 it did ok. Obviously the slick trader
will not just close out if the last trade has gone to plan, he (and increasingly frequently, she) will naturally seek to
reverse, with stops underneath and see what comes. If you managed this here...
Bitcoin Dollar BTCUSD Steadily grinding higher within the parallels
Lost the track of this yesterday, getting precise angle of the
parallels out by a critical couple of degrees. It meant the
break of the parallel yesterday was out and so far no bears
have dared to challenge this ascent. Very bad and it means
that wins here on the day were severely eroded by...
ETHUSD Range trading whilst DXY rallies
Dollar strength today is forcing Alts onto a back foot. See DXY
charts and comments to get a better handle on when to trade
these, needing DXY weakness to really thrive with the tail-
wind behind them. But when this littel dollar counter-rally
ends DXY should fall back to 91, over 2% from here and give
the Alts a big...
DOWG: Dow Global This index is extremely useful as confirmation/back-up for all other major market trades as it's so free of false signals compared to Nasdaq for example. It's just tested and bounced from near term support at 2950 today. Whilst above here major markets across the world will remain positive. It's that simple on this index. That's why it's so damn...
Bitcoin: BTCUSD Slowly rolling over. Recommend curbing bullish instincts unless 2760 can be beaten. But that's not looking too likely in the near term. Need to wait for better technicals if looking to buy this at any point today.
Nasdaq 100: Has held up really well due to Dollar stabilising - please check DXY comments also as this is the lead indicator right now, if there is one. Need to manage these stops now as per comment and keep an eye on all shorts to see how they hold up...Still believe dollar has further to fall, despite this attempt to rally...but it could be enough to derail the...
BITCOIN: BTCUSD The bulls are back in control of this stock today whilst it holds above the upper parallel. This little consolidation is likely a continuation pattern pointing to the upside - that continues to be the case whilst it holds up above that parallel.