Beakout
BTC broke the neckline.I’m sorry for the people who lost much of their money.
But what to expect now? there is a possibility that we will now see a small rally back to the neckline, we will then test that point (≈33500$) to see if it serves as resistance. Yesterday we did this same process with the SPX, and it's not looking very good yet. Of course I'm not a fortune teller either, but please beware. For some suggestions on what's important not to forget, take a look at the 'related ideas'. I wish you the best! This is not financial advice.
Please leave a comment if you have any questions.
BITSTAMP:BTCUSD
BEAM me up ScottySymmetrical triangle 6 days long... well it has a chance to be a nice move... Indicators look ok, we need that SRSI to turn back up... Until that, we could see a drop from the triangle and retest of our marked support level... Set alarms and catch it wherever it goes... Good luck traders
OKE, ONEOK Inc. - Breakout on Cup & HandleNYSE:OKE
Double confirmation of the breakout of the resistance. The Risk Reward is also very good because statistically a trade of this kind is good 4 times out of 10, and when it is good we can statistically have at least 3 times the profit when we lose on the capital allocated.
finance.yahoo.com
www.oneok.com
We officially have gone above the neckline!We are officially above the neckline on the 4hr chart!! And with only 4 minutes left to go before this 4 hour candle closes...we may actually close this candle above the neckline! Very exciting time to be invested in btc! Now remember folks we still even if it closes above the neckline on the 4 hr chart are going to need the next 4 hr candle to close above it as well...we also want to see a huge swell in bullish volume to help confirm it. Also always good to double check indicators such as mac d and rsi to be safe....the biggest confirmation won't be until we have closed to 1day candles above the neckline...however 2 4hr candles closing above is a really good sign...I would even tread lightly and wait for a 3rd 4 hr candle if I was being super conservative. We may very well see the price dip back udner the neckline as a false breakout initially though so be prepared if that happens I imagine it will only take another day or 2 max before we get a legitimate breakout. Of course, this could be the legitimate breakout and we might not even ahve to worry about any fake outs. Best to be patient and see just to be safe though.
MGM Resorts Buy IdeaW1 - Double cycle, price respecting 61%. We might see a range.
If there are no buys from the zone where the price currently is, we will be looking for buys in the next zone.
D1 - We have a range, price is at the bottom, we might expect it to reach the top.
H4 - Intraday cycle, bullish divergence, price reaches the magnet zone.
Aggressive - Wait for breakout above the high marked in the chart and then look for correction and buy.
Conservative - If you want to be more conservative then wait for breakout above the high marked in the chart and then look for correction and buy.
EURAUD Buy IdeaD1 - Bearish cycle seems to be near its end. Potential divergence is also present.
H4 - We find a smaller cycle on the H4 chart which seems to be also completing itself.
It all seems valid and correct to start looking for buys.
H1 - What we are looking for on the H1 chart is to see a clear breakout above 1.4565 level. Once that happens we can start looking for buys.
DAX Index: On verge of breakout move to upside, waiting on FOMC The Dax index is looking very positive whilst it holds up above critical support at 12400-12370. Waiting on FOMC meeting to end, this index is expecting the news to be positive. There's over 1000 points upside if the news from FOMC is received as well as the pattern on this chart suggests it will be. Only if it breaks below 12370 on bad news will this index present a shorting opportunity from here.
GBPAUD: The Uptrend ContinuesHi trader,
GBPAUD has been in a strong uptrend for the last two weeks. The breakout of 1.9450 suggests to me that this pair is likely to continue higher into next week. Trend following traders may already be long on the break (if so, well done, now just hold on!). If you have missed it, a more conservative play is to wait for a pullback to the breakout point of 1.9450 and look for buying opportunities.
If you don't regularly trade Pound Aussie be aware that it is a rather volatile crosspair and can easily move 100 pips in a short period of time (like it did 5 minutes ago with RBA rate statement release).
Good trading and have a great weekend,
Luke