This one got me out of bed, had to share it. Seems to me like this is a bull flag formation with 3,1$ as a potential target. I see no special fundamental reasons why it should jump so high at this point, this is purely a pattern noticed on the chart (and the fact that we have two gaps we could fill up to 3,1$).
NatGas has been trading indecisively for few days now, it formed this channel which shows the potential breakout will bring a movement of 15c in the direction it breaks out to.
Note that if it breaks to lower levels, and breaches a major support line which sits around 2,88$ now, we may see another major drop, possibly reaching 2,5$.
Let's see how it unfolds.
As you can see, BTC has been trading within a triangle (some say it could be a bull flag, so I would say it has 70% chance of breaking above), although it still is a triangle so there are chances it may break below.
I'm planning to play this move once it occurs and exit near the projected targets.
So this is the deal, our triangle is still holding the price. Closed the longs which were opened at projected bottoms (e.g. LTC @ $50) and I'm ready to open shorts in alts once the BTC comes closer to the top of the channel (thick orange line).
Current price behaviour is fairly dodgy, one might even say we are about to go down, but the amount of shorts, which...
Hi guys, just a quick update, hope your short positions are well in the green. LTC is falling quite quickly and when you look at historic prices it doesn't have much resistance until $50 so it may breach this channel downwards.
Sell off has been massive, RSI on BTC (which dictates the market) is 30, at the moment, and it usually stop at 27, so we may see some...
Litecoin is almost at the point of breaking down. It has tis major support at 72.5 and when it breaks it, we are in for a drop to $50-ish levels.
We may not see the continuation today as we have 7 red days behind us (in BTC) so we may play around for few days but in the next BTC drop, I think LTC may go to near $50.
Just wanted to share this quick update, let's...
Apologies for not posting much lately, I have been travelling around the globe trying to catch some sun.
We have DGAZ in portfolio right now, went in at around $25 level, and will hold until $30 where my sell orders are now. This should go in line with projections my friends here on TV share with me - and that is the NG1! is going to enter 2,5xx area, hopefully...
I've recently entered a long position in this gem of a company. It has good fundamentals, fine earnings, and keeps an ear out on new trends in it industry: Retail of arts&crafts stuff. Great online store, 3rd in it's category worldwide according to similarweb stats. Lots of opened new job positions and stable income.
Expecting 27-28$ levels soon, and I'm not kidding :)