BTC's body is ready. I'm long and expecting to maintain this gann channel until the historical trend line is breached, then I would expect this to surge up into the next channel.
Conversely if it fails at it's current level, (at time of writing $238.55 on finex) I would expect a despair drop up to five dollars, with a heavy trigger of margin calls at $230. BTC is...
That title was pretty corny, wasn't it? heh
Again with the unconventional time-frames. :)
Indicators lining up. Looks over due for a shake-out anyways. Markets have cycles and this one needs to exhale from what I can see*. I like android anyways. Hi, I'm Shorty McShorterson.
*Notes on Chart
Pretty self explanatory. Geometry and trend lines. Simple. ^_^
Points of interest:
RSI want to bounce
Green ma on TDI looking to cross up through yellow ma, however, we are in a receding wave (red ma) and could struggle
Abiding by some historical levels and trend lines
Remember kids, Greece is a virus that has potentially sickened EUR - TRADE WITH...
This can totally keep going up (I'm estimating that in, actually), especially with the land of hockey's main export in the dumps, OIL. CAD is weakened and ain't gonna stand up to a good one two from USD at present. Though since we are here to chart and separate ourselves a bit from the economic perspective, I present you USDCAD 1 day. Looking pretty dumpy...
I like unconventional time-frames every now and yen. (har har)
In this scenario I'm lining up for a long. Trade needs to meet following criteria.
Stay close within bullish right wing
Pierce .236 level
hold .5 level
all with no more than one/two red bar(s) in this time-frame.
exit on early sideways.
In & Out. Easy peasy Japanesey
The marsupium is the kangaroos pouch, btw. In other words, the support zone. While news surrounding the Aussie dollar is currently mixed, we don't have bad metrics coming out of Australia and news surrounding Greece looks like it's having a positive impact.
I don't usually hold a trade in forex longer than a couple days, sometimes even just a few hours. This trade will be no different. USDJPY teetering on the .382 fibonacci level for this shock-wave on the 4h. I do expect it to gain it's confidence at the .236 fib zone and a creep up to break the wedge upwards. Will be watching this one close.
The wave structure on the 1d appears ready for a push up and the wedge looks like it'll be breaking sometime before the end of the month. I can only speculate, (duh) as to the direction precious metals are headed in the near-term, but with countries around the world increasing their stake in gold and silver I can surmise they're ready for a push up, with silver...
Using point of control and the next two highest price-action levels to determine the .618 and zero placement for the Fibonacci retracement tool I can see that a double top has formed at a critical level. The Heikin-Ashi candles tell me we have temporarily lost steam and a small dip to the next critical fib level is likely (.328).
Beyond the next two days I see...
I shop here for a reason. I've seen the whole foods market operate in real-time and I'm confident that this company will churn out positive financials. The trend will likely turn around within six months. Good buy opportunities on the horizon.
Churn was a pun; they have a broad selection of high quality yogurts. :P
Remember that head and shoulders commercial with the guy with terrible dandruff? Yea.
Short for now. Finishing up the head formation. Expecting a hard bounce once this geometry hits 1.10 - also a psychological level.
Nothing to get too excited about here. Trading textbooks will state rising wedges in up-trends or even down-trends usually end up breaking downward. However I'm not going to discount the elliot wave oscillator and Chris Moody's multi-time-frame rsi as they're both trending up. I'm expecting a pop upward when this wedge breaks formation. It will be mediocre at...
Recent waves show us Oil will likely follow it's direction for 48 hours. With the last heavy bear candle on the 4h I feel as though Oil will likely clear 59 by this evening and settle in the low 58's. A clean break below 58 and I will readjust stops to break-even and watch 57.
Head and shoulders forming. Expecting right shoulder to take us into 57 and below. FA...