The pound is back on the bull trend, after it broke all major resistance apart from the 1.267 one, after it filled its 1.5% gap. Not breaking that resistance, being overbought, with declining volume and with big gap from the Moving average, my only potentially good trade would be to go long around 1.256 with a 2:1 R/R. Good news came out of the UK this week, but...
This might be a great time to short the SPX. Despite being on a crazy bull trend, this point looks great for some shorts. Low volume - Volume divergence. RSI overbought - RSI divergence. R3 Fib pivot broken by a lot (overbought signal). 2300 Psychological resistance Resistance that goes back to April 2016. Reward to Risk Ratio : 2.8 to 1.
From the chart we can see that the US downtrend will probably end around the 3rd of Feb. A bounce around 12200 and break from the red line, would clearly indicate the end of the pullback after the strong USD rally. Many important news are coming at the end of this week and during next week, which could really speed things up depending on how good or bad they are...
www.litecoinpool.org So far most pools look like they are going to adopt segwit. If they get 75% after the 28th of January, segwit will activate and that has the potential to create a big speculative bubble in litecoin. If they don't manage to get it through, then Litecoin will probably continue its tumble... I believe that miners that have invested in Scrypt...
72,339,809 tokens were issued and 35,712,790 are left. Probably quite a few of them have been converted into equity or RRT via Bank to the future. 0.7$ per token seems a lot to me and we are in overbought territory, but things are somehow looking good for BitFinex (which is quite weird). The Bitfinex team is very incompetent and it is a surprise to me that so...
Volume is going down, while the price is going up. The RSI hasn't been able to even touch oversold and is stuck in a range, while the price is going up. Clear divergence on both and it is bearish. To me this Euro price action has been a healthy pullback and I am expecting this wedge to break to the downside. When it completes with good volume, I'd be shorting the...
RSI hit oversold and broken from its downtrend. That means that there is some room to the upside, but... Zcash's inflation rate is really high. It has also broken most support lines and the downside seems more probable. I can't see how 1 ZEC could be worth 0.05BTC with such high inflation and no real use cases. Nobody is really using its anonimity feature,...
The USD looks ready to reverse against most pairs, hence I expect some downside for Gold. In my opinion, Gold is still coming out of its decade long bubble and it should deflate down to 900-1000$. I expect it to have a big bull run in the next few years, but it's not time yet. In the short term I see that breaking below 1190$ as a good short opportunity. So far...
I think that getting down to the previous highs, before the big pump, XEM is a good buying opportunity. Even if I am not a fan of Proof of Stake coins, the NEM team has done some pretty nice developments which could potentially boost the project. It has broken the RSI down trend and has had some nice upside divergence over the last few months. Within the next...
Great head and shoulders pattern, with a double top, two equal shoulders and a basis. I would go short when we touch the green line again with tp around the blue line (around the 0.72 level). For me, the pattern will be fully valid and complete when and if we break the horizontal at that level, which is strong support.
I just found it funny that EURUSD has formed many triangles and it seems like its going to take a while until they resolve...