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IOTA has been following the ichi trend lines almost religiously until it had the most recent breakout where it broke through the 4hr ichi resistance before pulling back at the EMA200. It is now riding down the trend line which it broke. Given the current network freeze and no ability to deposit/withdraw from exchanges I suspect this will go down more. If not, 38 ...
After plumbing the depths down at 36-38c this last 4hr bar has broken above descending trend line. It has tried this before and failed so need confirmation of breakout..
Not looking good, downtrend line and new low formed, going to be capped by down trend line. 27c is initial support, 15-20c is next range.
Against USD Gold has broken up from his daily trend line some time ago. The channel top would be ~$1500.
Looks like IOTA has broken down on it's first ascending trend line. This level needs to be held or we are looking at 20-30c range. Got some rebound on this second trend line but indicators are all looking bearish.
IOT appears to have one of the most unique implementations within the crypto space with a completely different approach to chain management (the Tangle). From a technical standpoint I can see long term success in this along with the removal of "mining" requirement (mining is done on submission to the chain, each client does 2 computations for 1 instruction). This ...
Just a quick post on current view...
Same chart as my 4hr chart but the 30 looks to have marked a glass ceiling that will be difficult to push through with ichi bearing down.
I should stress, this is not a trade I'm executing!
Now that I've said that, after a precipitous decline Bitcoin finally experienced a dead cat bounce of note. After all the technical damage done it seems unlikely it will suddenly rally hard from here and volumes on this bounce seem to support this.
As I said before, I'm not opening this trade but rather waiting ...
Descending wedge still appears to be in play. Silver attempted to break out from it today but didn't manage to do so with conviction.
Rising wedge appeared after the election of Trump, technically has a bit more to complete but just it the peak ~2193 then promptly did a 100% engulfing candle on the 30min chart. Short now.
I think after a healthy rally we have now hit the EMA200 on the Weekly and are due for a retrace. If we blast through this resistance next stop is in the 20s.
After Brexit we saw a solid jump along with #XAGUSD. The aftermath has resulted in what looks like a bullish flag for continuation. I longed this heavily just a few hours prior to Brexit becoming a reality (was privileged with a suitable timezone as early results came in) with an entry around 17.5 but for now I'm holding my trade open (and a similar one on ...
Looks like Bitcoin is in an ascending wedge which will top out just above $800. Correction after this will bring it down to support which is currently hovering between 680-700. Long through to $800 then looking to rebuy at 700.
Not a perfect form but not far off. Risk reward is sitting @ +3. Entering trade in stages between 16.8 -> 17.1, initial target at 19.5.
Reposting without HullMA.
Nice little run up, rode some of it but got skittish at $17, pin bar being printed on the 4hr, suspect we do a healthy retrace here to continue the run up
Pretty incredible run but not without precedent. Last time we got to USD$9 (we're now at USD$7.5) Litecoin spiked to $50. Many are calling for a retrace, maybe they are right, especially since Bitcoin appears to be hobbled by various political issues in the Dev team combined with a maturity of market that controls the bubble side (ie. it's much more capitalised). ...
Gold took a hammering in the 1250s and seems to have held so far, long from here, stop @ 1253