Nasdaq appears to be in parabolic move, if we draw a channel we can see there is still plenty of upside. NQ just keeps bouncing off every support it finds and all moving averages are extremely bullish. I would say we could go at least to 11500 and higher. The only exception to considering shorts would be extreme divergences on the charts as we go along.
Looking to add shorts here at 40.15 to see a potential $35 dollar target for USoil. Scale out profits on way down stop at 41.17 Hourly is overbought, and at time of print there are nice 5 min divergences on RSI and MACDH. Weekly and daily Moving averages are very bearish
Interesting that bitcoin has pumped just as DXY (dollar basket) goes and makes a deathcross Could btc become a safe haven if the dollar falls heavily? www.forexlive.com One thing to note is that weekly moving averages are very bullish on DXY, so this may end up just another Bitcoin pump and dump. However i’m happy to be long in this bull flag now while...
Here we have the hourly 200 rising moving average (green line) within a support zone. 100MA is about to cross over it to the bullish side. Now it's safer to enter the bull flag and see how far we can go with a stop at the low of the bull flag. We should note though that there is a big resistance zone above so we should be prepared to take smaller profits and...
Active watchers of Bitcoin will have seen various formations of this pattern over the past few weeks, so where are we at now and how can we trade it without losing money? Background. First we had the incredible run from just under 4k to 10.4k, wow. Thats the flag pole. Then the flagpole appeared to form a rising flag which was a reversal pattern and all those...
Tech stocks look really strong today, nasdaq has been a great buy and I'm of the opinion these days that what tech does BTC may follow. We could see a strong rally in Tech this week. Here we can see BTC has formed a new flag with a target of 16k. We now have a lovely cross over of the 100 above the 200 DMA. Weekly charts are a little bearish though. I would err...
Here we can see an awful two bar reversal pattern on the daily with strong divergence on the MACDH. It seems that no sooner did oil fill the long term gap to 41.5 that it immediately sold off. I've been day trading it short since 41, here we can see the full horrible daily picture now. Looks like a lot more bearishness to come, even more so perhaps once the 4 and...
Nice opportunity to buy DXY and hold long term, or trade short term to first resistance box. Nice 3 bar candle reversal pattern of the weekly 200 moving averages with other moving averages above it.
Here on the nasdaq 100 chart (including overnight data), we can see lots of divergences on the indicators, an hourly engulfing pattern and a strong bounce off major support (from the daily charts). We also have a probable breakout fakeout back inside the huge wedge on the daily chart. I expect tech to go much higher than this. If its doesn't and the stop at the...
Here we can see that BTC has put in a pretty horrible wick down 1100 points from the lower daily high at 10,400 (compared to last daily high at 10,520). This was entirely to be expected as we are still in a three year bear market and 10,400 is still just another lower high. Personally I didn't take the short as the 200 day moving average is pointing upwards and we...
Dow really overbought and with all the talk of trump being way behind in the polls a bit of a retracement is due to the first green support zone and probably lower.
Nice bounce of support. Should see some buy pressure around here. We still need to fill the breakaway gap from a few months ago to around 41.
I've decided to redraw my flag now after a few more days data. We can now clearly see a falling wedge pattern coming from the top of the flag. I'm getting happier and happier with this long trade the more I see the 100 DMA and 200DMA curl up. If this falling wedge pattern continues to play out and these moving averages cross it will be the first time in a long...
In my earlier post of BTC on 02/06 you will see that I suggested not taking major BTC shorts recently due to the rising 200 DMA and sticking to short term longs with the best longer term buy signal being between the 50 and 200 day moving averages. This is exactly what happened, please like and follow if you would like updates as I post them. So now yesterday we...
Yet another divergence, short opp. This time matched on the Dax, and tech 100 stocks. Same play as all the rest, go short, take layered profits at support. Reverse and go long if high gets taken out and shows momentum. Like and follow if you agree and want to see more
Here we now have a RSI and MACDH on the dow with a nice candle to show a potential reversal. This lines up now with the German DAX. Prices are quite overextended from a decent support box so we may see some profit thing / selling here. We have to be careful though with 5 min moving averages still not bearish and several rising trend lines. If stops get taken out...
Nice Divergence on the houly Dax. Couple of hundred point + move to the downside possible. Stop just above the high at 12917.
So here we have a nice trade set up. Some big divergences on the 1 hr dow chart just above the falling 200 DMA. We should get some nice selling coming in to take us down to a least the first support box which is around 350-400 points away. Stop at the high of 26393- 150 points away. We are in a rising wedge though so if that support fails we may even get a more...