JDST Day Trade Potential Long term it is also looking like it's about to reverse back up 20% over the few days.
My short has been closed and I am now looking for the most opportune time to enter a BTC position. 1st - I had market bought in to make sure I have skin in the game incase whales push. 2nd - I have 2 positions I am looking to fill & accumulate at which are shown in the chart. I will be trading a large Falling Wedge pattern. The bottom support has only hit 2...
Litecoin/Dollar LTCUSD Litecoin Dollar LTCUSD Testing important resistance at the old highs and so far standing up well. Once again it needs buyers here to push it out of the reach of bears at current levels. Litecoin found buyers exactly where it needed them and has since pushed 5% or so higher. The longer term chart (left) shows price straining against the...
Bitcoin Update Grinding higher still. Day-traders can raise stops to just under 8230-8320, under the small dynamic underpinning today's rally. If this line fails Bitcoin should fall back to 8005 where it becomes a buy again with stop under 7970. Swing traders and long term holders stay long, as below.
FTSE 100 UK100 FTSE's made fine double top spread out over 5 months, quite a big one therefore. Since then it's got itself into a well defined impulse wave which day traders are clearly loving, sending a series of point perfect buy and sell signals all the way down, pretty much. This index remains in the grip of the bears until it can break free of the upper...
Bitcoin BTCUSD Decision to make here for day traders and others if running a decent profit today Trying to hold up off a tiny line of support that once broken should lead to an acceleration to downside and help achive the minimum downside target at 6312....so tricky here with spreads...if short and day trading from th sell point at 6943 we should be oK, but...
Bitcoin Update Still grinding higher. Stops under 7430 have stil not been hit, with a low since at 7434. Now it's entered the area around the highs it's meeting that profit taking we were looking for from 7500 through to the highs at 7590, but absorbing all sales very well, so far... It's tracking within a new impulse wave from the break-out around 7pm est...
CTSO is set to report earnings early next week, given that this was a requested chart, I have not had time to dig in to the company's fundamental financials and create a good estimate of what to expect from its earnings. GIVEN THE TECHNICAL ANALYSIS ALONE: WE are currently hovering a buy zone, and have broken in to it once. At its current level, we are ready to...
DXY: Today's downtrend is clear as a bell on 15 minute DXY chart - really useful exit confirmation for shorts and for day-traders shorting dollar pairs
Bitcoin: BTCUSD Looks to be unwinding here so should be a good space for nimble day traders today - neutral to ultimately bullish, but some unwinding to go through first.
AUDJPY may or may not revisit 84-85 area before becoming bullish once again. But a break of previous high 87.53 will suggest that trend is up again.
Still waiting for EURUSD to break away from its bearish channel (red) to confirm bullish move targeting 1.1375 - 1.1495.
As we've stated in our previous analysis, we expected AUDUSD to continue rising towards its 61.8% retracement level. But price declined to as low as 0.7330. We still anticipate aussie to rally to 0.7570 before trending down. A break from its bearish channel (red) would give us a clue.
Unlike Gold, Silver may still move one step high reaching 17.55 before turning bearish.
As mentioned in our previous analysis, Gold's movement is limited, and it almost did reach the 1290 area. As for now, we are on a wait and see status, whether price would still move up to 1290. A break below 1275 suggests that bears are back.
We adjusted our view with AUDUSD, believing that a bottom has been placed already last 24th of May. Hence, current price may retrace up towards 0.7490 - 0.7570.
Silver is still correcting, targeting 15.35 - 15.25 both relevant in its fibonacci retracement levels.