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Here we can see bitcoin has now retraced all the way back inside the green support box. Daily moving averages are really bullish and i'm looking to buy bitcoin somewhere here but where?
Well if we take a look at the hourly charts at the moment
we can see a long legged doji reversal candle bouncing right of support. This...
Wow what a day, it must of felt like hell for those overleveraged longs caught in a huge sell off.
A great day for bargain hunters though. Here we can see a divergence on the zoomed in charts at this support level
We may get some slight messing about here at the lows but if it holds realtively speaking then wow we have a...
Nice opportunity here to re-enter gold longs again.
I doubt this head and shoulders break will be sustained while the hourly and 4 hourly moving averages remain so bullish. See below how the moving averages are all above the hourly (green 200ma)
Falling wedge as well on the 5 min...
Big MACDH divergence here on the hourly dow futures chart, in a uptrend...
Expecting the bull flag here to be tested, then first red resistance line above. Dow still has not reached its ATH yet (Nasdaq and S+P have). I expect this divergence with strong manufacturing data today will be the catalyst for a possible 1000 point move here.
Stop at the hourly divergence low.
Here we can see a nasty bearish engulfing candle on a Friday with extreme divergence as well.
We can expect a drop to at least the first support zone here from entry 11500. Stop at the ATH
If the stop goes then great, what a great opportunity to go long
Nice opportunity to buy gold now with divergences on the hourly charts of lower prices with higher MACDH, stochastic and RSI.
We are still trading above the long term trend line inside a wedge pattern and I expect us to test into the red resistance boxes and if we get above them and they become support the upper pennant trend line will act as a potential break...
Expecting a breakout here on DXY up to 94.7 at least. Very oversold and some extreme divergence.
FOMC minutes yesterday also missed whether there would be further QE. Should help the dollar regain a little ground until the next FOMC meeting.
Divergence here on the S+P at all time highs, right at the top of the rising wedge.
We also have an bearish engulfing candle on the hourly
Looks good to short down to the break of the rising wedge, stop at ATH
As per the charts, 15 min divergence with a nice candle straight of the trend line. Again take profits on the way up towards $44.
Hourly moving averages are still very bullish within this long term rising wedge / channel
Here we can see Bitcoin put in a pretty nasty divergence on the RSI and MACDH indicators as it made a higher high. These types of divergences are often followed by big moves. I actually sold all my Bitcoin once the daily confirmed this signal. We can also see a similar chart pattern on Ripple. All this is also within a rising wedge reversal pattern which could...
Here we are again with another chance to buy into gold with the fake break of the rising wedge in oversold conditions on the hourly charts. Nice 3 candle reversal play. We can expect it to test up to $2008 again
Gold is still trading above its long term trend line though and I expect it to take out its highs fairly soon as long as this trend line remains...
Nice place to add to oil longs, falling wedge onto trend line. Hourly moving averages are still very bullish here and price is trading some way below the 200 MA. Stop loss below the previous hourly swing low in case the wedge continues to slide a little.
Falling daily 200MA is the...
Here is another potential fakeout of the rising wedge reversal pattern, a good place to enter longs on gold.
Even though the hourly moving averages are bearish, 15 min moving averages are way too bullish.
Gold is still trading above its long term trend line and we can expect it to go higher whilst this trend line remains...
Expecting a breakout fakeout here on the dow, 5 min moving averages are very bearish still.
These moving averages in no way support a breakout here and daily is very overbought.
There is a gap fill still not filled from 3 days ago down at 27690, let see if we can get a 300 point move out of this to the downside.
Nice bounce here from gold right off the major trend line. Expect it to retest the daily highs above 2060 at some point soon, stop at 1850.
Little bull flag to on the hourly charts
Nice support in the flag between 1908 and 1950
DXY currently looking extremely oversold here and looks ready for a nice bounce possible $1-$2 profit target.
Nice 3 bar candle in play on the back of much stronger than expected employment data this week. RSI divergence on the daily validates long entry against the trend for a short term swing trade long. Several...