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ETHUSD treading water?Not a professional and just getting back into trading. However, after studying ETH, I have found that the trendlines I drew are pointing to an intersection, the late three days have stayed within a sine wave oscillation, and the stock will need to break out of this cycle before I feel comfortable buying. The top of the sine wave is where I would want the next support level to be. I would watch for that support level to be tested twice before going all in. I'm a long trader, and right now there is so little volume that I don't see a break out anytime soon.
BITFINEX:ETHUSDLong
by GaiaDaughter
SENSEX Index Another Topping Formation DevelopingSENSEX INDEX India This is another index that looks like it's topping out for the summer. The great bull campaign from the 2009 low at 8075 to a high at 36370 over 9 years is in its final stages. Echoes of the Dax here. A break below 34291 will trigger a short opportunity here back to 32516 where it should attempt to bounce - but it won't get far when it does. And once it breaks below here it should start to fall away in stages to 31096 then 29169 where it should bounce harder. If at any point over the summer 29169 gives way to bears it should fall harder still 25772 and when that breaks to 22577. A series of potential short opportunities here all summer long. Be lucky.
BSE:SENSEXShort
by sumastardon
Bitcoin: BTCUSD Next Buy Point: Folllow the ChartBitcoin Update Next Buy Point Follow the Chart A reverse head and shoulders is forming with neckline at the upper parallel. Next buy point comes only when neckline is crossed on upside with stop 50 points lower - upside measurement implied target is 8390 on any sustained break. The whole thing fails if 7717 - 7660 range also fails, for fall back to 7530, which must hold today at all costs for bull case to stay good in near term. So far this battle for the new high ground continues, the bulls trying to grind down the bears at high altitude, and so far they're....winning. The way this pattern develops determines the day from here. It will likely take a while to play out yet - we don't even need to second guess it here, really. It's tough up here - that selling out of London first thing...was that heavy weiight Goldman clients closing out longs from lower down at the exact spot Jafari tagged at 8000 as the next high? It was a big bad red candle, first for a long while...it's tough up here.. .so we ait and simply react to the next signal. If it's a break above the neckline we buy, as above. If it's a break below 7660 we get stopped out for 130 points profit before spreads. Not great, but...it's tough up here. If 7660 breaks it means a test of 7530 - and if that should break it means the damn thing has flipped right out of the freeezer again and we're going to have to strart the chase all over again. Please no. But it's Bitcoin. Anything can happen. (And If it does, we switch back to shorting rallies back up the blue lines. Please no. Like in Alien (new theme) we're watching a new life-form develop on our screens in front of us. Intersting stuff, no? Please comment ffs! Let the chart decide for us. And let the force be with you, guide you, Luke. Trust the force!
BITSTAMP:BTCUSD
by sumastardon