ETHUSD Long Term/Short Term Price Forecast Per Adua ad Astra Long Term That low at 360 was as big and meaningful as Bitcoin's at 6000. Perfect Gann numbers too. Like, reeaally PERFECT. Those lows are equivalent of the lows reached in the first internet cycle when Nasdaq Composite fell from 5136 to 1118, a decline of 78% in magnitude, playing out in 4 large...
Bitcoin Weekend Trade Points We waited patiently all day Friday for the buy signal on the exit of the continuation pattern (recent buy-points, top-most green arrow) which finally arrived at the 9670 level on Bitfinex. Since then Bitcoin has rallied back towards the 9850 line after an overnight high at 9889 before consolidating. So far the consolidation has...
EURUSD After another rally back to the upper parallel precisely EUR has fallen to the target at 1.1915 after an intra-day low at 1.1910. It should now attempt a feeble rally back to 1.1946 and the upper parallel at best before it falls away again. And unless it can find a double bottom at 1.1910 when it next comes off the likelihood remains that it will decline...
LTCUSD Litecoin Local resistance at 165/6 - can come back to the smaller dynamic and to 156/5 likely lowest before it rallies again. Once it breaks above 166 it should move up to 174/5 in near term and to 194/5 over more medium term. Needs Bitcoin to break higher for this do the same, most likely.
Bitcoin Bitfinex Update 14: 24gmt 09:24est Having hit the near term target Bitcoin is unwinding off the underside of the upper parallel of what is still a large continuation pattern - it should spend some more time moving sideways to downwards as it consolidates the recent break higher and day traders take their profits and some reverse short too. It can come...
XLMUSD Lumen A small reverse head and shoulders with about 15% of upside to a minimum target at 508 once 445 is re-taken and held with stops below the neck-line when broken. It should then rally to the upper parallel where can look to take profits once this triggers. Until then this is still vulnerable to further sell offs - but slowly resistance looks to be...
AlphaBet GOOG Nature of the Beast This has been a disappointment since rallying from the 987 line. It's a similar pattern to the one shown at the green arrow at close to the same point in time as last year - a double top followed by a decline to the top of the last earnings gap, then followed by a 50% retracement of the previous rally and multiple...
NEOUSD Bitfinex Feed NEO is still positive whilst it holds up off the support lines underneath it and should rally to to 94/95 again soon. A buy between 84 and 82 with stops below 81.
WTI Crude Oil Minimum Medium Term Upside Target at 86.33 The Saudis are reported to need oil at $84 to balance their budget. By happy coincidence for them the minimum upside target created by the reverse head and shoulders is 86.33. In the nearer term WTI is flipping in a 300 pip range with support off the last highs at 66.48 and resistance at 69.48. It has...
ETHUSD Still Outperforming Bitcoin ETH rallied just under 100% from the resurrection day lows at 360 to high at 713. In that time Bitcoin rallied 50% or so. Today Bitcoin is down 3.7% at moment and Eth is down 2.9%. That's impressive price action by ETH for sure. So far at least. It should be double that decline but it's less than like-for-like. Whatever the...
EURUSD: Another Counter-Rally prior to decline to 1.1915 Target Having made the counter-rally back to the upper parallel EUR has continued its expected down-trend. It's now touching the next support line at 1.2027 and likley to make another small counter rally to 1.2067 and at highest to 1.2094 before it falls away again to the 1.1915 downside target towards mid May.
DXY Dollar Index Update After consolidating back to the lower parallel at 91.49 the Dollar has pushed higher towards the near term upside target at 92-55-92.64 range where it should consolidate again back to the lower parallel one last time before moving higher to the next upside target at 94.03. The overall trend remains positive whilst DXY stays within the...
09:20gmt 04:20est Saturday Buy Points and Updates If you went long again off the retest of the lower parallel it's held good overnight but has reached the underside of the neck-line of the small head and shoulders created yesterday and could have been closed out for 300 or so gain by now. If still long the nearest support is close by at 9077 so no point...
ETHUSD Still looks in good shape for a test of 741 and then 768 this weekend and further out in time looks likely to test the 896 level too. Right now it's waiting on Bitcoin to break higher - which it should do later on today. The overall trend remains positive and retests of the lower parallel are still buying opportunities as the rally moves higher.
EURUSD As DXY goes up so this pair falls, sliding down a pair of competing parallels towards the 1.2027 line and probably to the 1.1915 line by mid May. But in very near term it's already touching the lower parallels and is likely to push back as high as the upper parallels at very best on the attempted counter rally from here. Continue to sell rallies until...
DXY Dollar Index The dollar has been been on a tearaway move ever since breaking its longer term downtrend at the 90.42 level. By 'tearaway' in DXY terms that means 2%. Huge ! Over 11 calendar days or so. The same as Bitcoin moves in 45 minutes. This is as exciting as DXY gets. And people seriously trade this for a living. Some have to but in a world of...
Bitcoin Bitstamp Update After the break higher Bitcoin has spent the night consolidating recent gains. It's a buy again once the dynamic from the overhight high has been broken above with stops below the 9224 line when the dynamic is broken above. Until then Bitcoin is still in consolidating mode and moving sideways to unwind using the 9175 line as support as...
Bitcoin Coinbase Update 12:52gmt 07:52est Although it's rallied above the 8768 line and held the the little retest the rally from there has been very lame so far. Looks to be waiting for more buyers going into US open. They need to be there or this long shot will get stopped ...raising stop to 8810 as if it gets hit it will come back to the 8768 line...