Bitcoin Futures had a huge positive correlation for its entry point and now the correlation seems negative. This is due to an after entry crash. Also people, aren't sure about this adaptation of $BTC. However, given the recent correlations in prices, there will be some small demand for Bitcoin Futures and it is expected to go up in value the next few weeks....
Hey Everyone, As major platforms such as Dash, NEM, Bitshares and Neo are quietly taking steps designed to bring them into the mainstream and growing rapidly which these platforms are similar to Ethereum in that they offer smart contracts and the ability to create custom tokens, as NEM adoption and development continues to grow and also as the NEM.io Foundation...
Price recovers with a big bullish candle, due to Bitcoin futures start trading on CBOE exchange. www.reuters.com
The bulls spoke loudly last night as we ran over $1,000 at the start of futures trading. The trading we saw last night was different than usual, it was contained accumulation, keeping 5 min and 15 min RSI from getting overbought. It was 10-15 min of bull moves, higher low on the 5 min, rinse and repeat for a couple hours. I have seen this before with stock...
DAX 30 German Index breaking all time highs. Pausing on the weekly timeframe before a breaks out to create a potential weekly demand level on the way up if the second leg is created New weekly demand zones created on the way up. Longs at weekly demand zones
It is always worth a look at the gold-silver ratio. Currently, gold is 76 times more expensive than silver (per ounce). In the past, it has been shown that the area above 78 is an extreme area and can be used for trades. In this case, you would sell gold and buy silver.
It has broken out the huge down trend nicely, I am going to sit my position on long side now. However, by have low risk (cuts) I will be cusious on potential side way market. Have a great day people~!
Starting for the new up trend people. I am taking my long position.
You can see that price is now outside balance area #13 and hit the low of #12 then rejected. The time spent in #13 was significant and i'll be watching to see where the new balance area/trend starts. It's also worth noting that we sit above the 100sma and 200sma
With CTF crossovers oocuring and strong rally upward, we are looking at a great potential buy setup here if we can get a break through the cloud as well. Watch Closely! --------------------------------------------- CTF - USOIL Chart timeframe - 4hr Area of interest - 44.55 , 48 Potential target 1 - 46.45 Potential target 2 - 47.50 Potential extended target -...
Corn has been decelerating for quite a few months now and is currently rejecting key resistance (monthly 200ema/200ma + monthly fibs) with a high-test. Price action seems to be hinting at a turn from here in the near future down to $302.00, the September '09 low that sent us into an enormous rally to form the '12 highest high. I'm watching for a rejection of...
The foundation is in place for a potential inverse head and shoulder pattern. Ideally price penetrates the neckline/.5 yearly fib to take out that June 2016 high (89.90) before selling off to close below this area with some sort of deceleration/reversal candle. This would form a higher high that could then send us down to form a right shoulder near that major...
In my continuing quest of using price action and TA to find opportunities in the futures markets, I search through each futures product each day to see what the weekly charts look like. When I stumbled upon Wheat Futures, I realized that Wheat was forming a perfect cup and handle pattern on the chart. This was honestly pretty sweet because it was the first time...
The chart is somewhat messy so I will try and be as specific with my call as possible. I have added expected candle stick ranges for the next 3 trading days, 4/21, 4/24,and 4/25. After those days I just drew using arrow lines rather than daily sticks. Expectation for each of the 3 specific days identified: 4/21: I expect a trading range of 2348.50-2364 with a...
Copper Futures are flirting with their support level at 2.5775, so today I'm watching to see if they break that support line, and more importantly, I will look to see what happens Thursday to see if there is confirmation of the trend. We could just as easily see Copper fall below the support line, just to bounce right back up on a false breakdown. That's why I...
Looking at the charts for Lumber Futures, I was originally upset that I missed the absolutely insane rally in Lumber going back to the start of 2016. However, no use in getting pissed about the past, let's focus on the present. Lumber just formed a double top with price around 400 going back to 2013. I am waiting for confirmation of a bearish reaction to the...
Please see annotated chart for details.
Rising wedge break down. Short Entry: 300 SL 307 TGT 285-276