B33tcoin

B33tcoin Updated 

Falling Wedge is by definition a bullish pattern and mostly ends to a reverse strong move. There are 2 interesting WW (Wolve Wave) patterns on the falling wedge. Both are annoted, red one is the most obvious. We are now in the "5" areas where it's very interesting to set some long orders. Ressources: WW Pattern: www.investopedia.com Falling wedge:...

B33tcoin Updated 

We see price doing lower lows and stays afloat on a bottom while weekly RSI (30 periods) is grinding higher lows. Bullish divergence is brewing. Coupled with a false breakout, we might see a medium-term rock bottom. The false breakout is giving a nice 3 bars pattern "kangoroo tail" discovered by Alexander Elder which uses also MACD or RSI divergence to select...

B33tcoin Updated 

I made this weekly chart of the GOLD / SP500 ratio. I often need to argue with people that pretends that the equities bull market is at the edge of a crash. And now for years... Just have a look at Google "most hated bull market" , headlines are countless and even since 2011! Lot of noise, lot of bodies in the graveyard. So I often tell them to just stick to...

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Shorted yesterday AUDNZD at the top of the channel. Good R/R Now with Break-even stop. Partial Target: mid line of the channel (dotted blue line) 1.104 Full Target: Low of the channel 1.092

B33tcoin

A clean setup is the best to see where we stand. As you can see, a dotted trenline (blue) + a cup and handle pattern (purple) drive us to a ceiling around 1900CNY. A breakout at that level could be a confirmation of a new bullish trend.

B33tcoin

I didn't know much about this (chinese) website, it peaked my curiosity. By the way nice timing of JP Morgan rating.

B33tcoin

For once, I come with a review on a trade I didn't published but somehow I kept the original chart link. The goal is to show you, how with very few indicator and high level chart we can set a great profitable trade. Early April (the 2nd) I've been long on the stock with this simple chart drawed. Needless to say, it doesn't need a lot of explanation. In...

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Chart speaks for itself. Play the breakout and price confirmation above $34-35 to reach new high if we consider the recent analyst upgrades and concensus.

B33tcoin

WW Pattern is a very reliable chart pattern, many of my previous ideas are based on it The falling wedge is a bullish pattern that in case of breakout would lead to target along 1-4 line. More details: thepatternsite.com 3 and 4 are not very well defined, that's why I made 3' and 4' scenario. $LC received an analyst upgrade the 20th May by Morgan and Stanley...

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Long Setup on IMNP. Recently large players showed interest in the stock and are currently buying in stealth mode and should predict an upward breakout. (Property Method) A daily close over $2.15 level should initiate a breakout. Confirmed over 2.23.

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No more Struggling with oblique resistance and SMA20, SMA50 (plotted on the chart). We can reach higher fibo levels like the one at $18 (BMO CAPITAL Target). Bonus: We have a SMA20 & SMA50 Cross.

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A (very) hot biotech stock having report in 8 days. I've long the breakout under $10, profits locked in stop limit. I suggest to have look at that stock if it's clearing highs on the way up.

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Activision Blizzard on 6th May had both - Earning surprise : 0.03 0.13 +333% (!) - Sales surprise: 656.71 703.00 +7.05% All good to break previous ATH. We had a sane pullback the following session at 24.18 level and then the weekly close finished over 25. Def. a stock to watch for and fundamentally, because they released a year old Free2Play game called...

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Only A-B is draw with "Disjoint Angle Tool" and it gives that perfect 6 months long symetrical triangle. Some notable key levels have been added by the blue lines and the red/green area. Let see how things will unfold.

B33tcoin

Out of interest I made this chart for further purpose. left hand: XAGUSD 5y chart (Silver) right hand: XAUUSD 5y chart (Gold) Silver has a nice rendezvous in June 2015 - interesting to watch for. HOWEVER As gold is the driver, it could be a non-event tho'. Indeed XAUUSD has not this kind of convergences on the chart.

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When only looking at multiple ribbon daily EMAs. Bitcoin is entering in a significant and historical zone: the green lime one... It's just food for thought and plain fact. PS: for more details about the dynamic my wedge scenario posted 2 months ago is still in play and is ridiculously efficient, have a look too:

B33tcoin

I've spot an interesting risk/reward trade based on Wolfe Wave pattern Limit: 1.0449 and beyond Long: 1.0348 Stop: 1.033 More info about the WW: ii.mypivots.com thepatternsite.com

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I've been looking to this chart for a long time now, and we may find a good risk/reward short entry on that currency. On the right ---------------- SEK is now very close to bounce at least on monthly support. On the left -------------- Between EUR/SEK and USD/SEK, I prefer USD/SEK where we can find a good short entry in the following days. *** Short from...