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EVERYONES VIEW ON BITCOIN IS BULLISH, SO IS MINE FOR NOWWWWWelcome to DailyCryptoWatch! Where we share our thoughts & ideas of the market to the public for FREE in hope of making those who FOLLOW us real Money. BITCOIN is finally coming up to a nice setup... Waiting for the break of structure (Red Zone) to the upside with a retest to jump in. Hopefully this shoots up to the moon *Biased* But then again, I just trade what the market gives me - bullish or bearish - Using proper risk management & trying to catch PROFITS. Strictly technical analysis here. As always, use proper Risk Management. @DailyCryptoWatchlist ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** Happy Trading!
COINBASE:BTCUSDLong
by dailycryptowatch
ETHEREUM's DOWNFALL IS COMING TO AN ENDWelcome to DailyCryptoWatch! Where we share our thoughts & ideas of the market to the public for FREE in hope of making those who FOLLOW us real Money. ETH/USD Trade Wait for a break of structure, then a market retracement to the trendline/support zone - to complete a HH (Higher High) indicating an trend reversal. Strictly technical analysis here. As always, use proper Risk Management. @DailyCryptoWatchlist ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** Happy Trading!
BITFINEX:ETHUSDLong
by dailycryptowatch
The long-awaited SPY correction is hereThe SPY finally had its long-awaited correction with a 2.12 percent drop last Friday (see www.reuters.com). In this graph, both the yolk and white are based on short and mid term support and resistance levels. I'm expecting the price to travel along the yolk, breaking out through A , and finally breaking through B . In both scenarios I'm expecting a sideways/bearish movement for the next days. --- "Letting losses run is the most serious mistake made by most investors." - William O’Neil
AMEX:SPY
by adelriosantiago
EUR/USD SHORT! & probably LONG in near future.After false breakout at 04.01.2018 in D1 - that was a second try at 1,2090 to go up! - but at last instrument can't breakup level 1,21 ...I think we have now correction. If quotation will break down EMA 20 depreciation could be faster. EURUSD could fall down to "red circle" regio. Ther is 100% trend based fibo extension & DZ from D1 & TL (bull channel bottom range) & from that moment we should consider 2 scenarios: 1. If EURUSD will break this level down - this will be not a simple correction & we've got here probably a new bearish trend. But of course check up next DZ's on the way down. 2. If EURUSD will bounce up in this regio it could be time to next attack on 1,21 ( but for now this is less possible IMO)... and check next SZ on the way up.
Short
by siZ
USD/JPY On the MoveLast week we saw it was very bullish for UJ. The first week in about a month where we saw good trending price action. Previous weeks were filled with a lot of consolidation and ranging price action. On Friday price broke a major level around 113.500 and the last time we saw price rise above these levels was in July. This week we could see a continuation of this uptrend after some consolidation or a slight pullback as we have already had a lot of consolidation over the past month now is the time where a trend can continue. The most logical upside target would be about 100 standard pips away at 114.500. What will happen at this level is uncertain whether we keep going up or make what would look to be a triple top at this level. However if we do continue up 115 would be next. Fundamentals/News this week looks light, some high impact news but nothing out of the ordinary for USD. More importantly the focus would be on the geopolitical issues (Trump & NK could change the outlook for USD/GOLD fast.) and also Trump's new tax reform plan and the replacement for Fed Chair Janet Yellen.
by nick.trader4
USD/JPY OCT NFP WEEK Last week USD/JPY continued its uptrend with some strong momentum. Price has made its way all the way up to major resistance zones. After some slight rejections we could see a retest and then some consolidation between a support zone. It doesn't seem likely for a breakout just yet as we have been trending strongly and need some time for accumulation of orders before further price movements. We could see a directional breakout due to the many fundamental events on the calendar for this week including NFP Friday Oct 6. Regardless of these fundamental events our zones are plotted and most importantly we have a plan.
by nick.trader4
(XAUUSD) GOLD- Post FOMCLast week we saw Gold continue its move lower, FOMC held rates the same but had a very hawkish tone in their statements calling for more future rate hikes. This pushed gold back under the 1300 level. This week its possible to see some further downside into an area where price can find some support, around the 1280 zone. The current price momentum should take us a bit lower but right now we have started a small rally in a downtrend so we should wait until price reaches some resistance possibly between 1300-1310. Longer term, gold is still in an uptrend and increasing geopolitical issues have been weighing on USD so of course be on the lookout to buy gold if the price action suggests a bounce off the major zone or creating Higher highs.
OANDA:XAUUSD
by nick.trader4
1
XAU/USD (GOLD) - Trend Analysis Gold has been very bullish over the past few weeks making new highs in 2017, however this past week we have seen some (not all) of this bullish momentum slow down as we bounced off a major resistance past 1350 late last week. Since this happened, this weeks price action has actually been bearish and right now we can see that we are in a descending channel approaching a support that was tapped last week. With sufficient bearish momentum we should break this level around 1315 and head back to 1300. The other possibility is the 1315 level holds and we move out of the channel and maybe make a series of higher highs and higher lows, restarting the uptrend to new highs. A catalyst for one of these moves could be the FOMC meeting this Wednesday.
OANDA:XAUUSD
by nick.trader4