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Litecoin: LTCUSD Update and stops for remaining longsLitecoin: LTC Longs should have been out as the dynamic support failed at around the 276 level - see how often there will then be a challenge of the same support from the underside, which works for an hour or so before it falls away...not always, but maybe 50% of breaks are like this and the other half are clean, hard and fast. Last comment suggested looking to buy again at 245 with stops below 238 - well it wasn't very helpful, with a spike low at 235 so some will have been carried out with the rest of them...if you set your stop under 234, well done. But LTC must continue to hold up here at lowest - and that depends on Bitcoin holding up too, which is unlikely looking at that chart in isolation...so if still long here be careful. Any break below 234 by more than 5 points is unlikely to be a fake- out...it will then likely fall to 219-210 minimum and more probably to 188-172 range where we can look to pick up some more.
BITSTAMP:LTCUSD
by sumastardon
1
GE: An issue of Trust - is it safe yet?GE Will 2018 be the year GE starts to get better? Who can say and who can be believed anyway? The chart. It walks while CEO's talk. GE has pretty much turned dead since the traumas of the Fall. It's been moving in a very controilled trader-friendly way with 4 perfect hits on the 18.04 line and three on the 17.59 line before it gave way, falling to new low at 17.36 but finding buyers since and now trying to break above a fairly minor trend line from the most recent peak at 17.52 now. It's likely to get a few buy recommendations for potential recovery from a few brokers in their New Year's tips sheets but will need to find enough to push it back above 17.59 and then hold above here on retests. That would be the first bullish sign from GE for many a moon - and should be encouragement enough for other buyers to join in and push price back up to 18.04 - where it becomes ... a sell again most likely. All this price action we see on the chart over a two month period is the equivalent (or fractal) of two hours' price action on Bitcoin.
NYSE:GE
by sumastardon
WTI: USOIL Very Bullish - Buy dips up to 62WTI: USOIL See that Wave? Use it. It's free power. The impulse wave on WTI is not quite so perfect as that on Brent (which is creating one of the most perfect trader- friendly waves ever seen right now, check it out). But the wave is beginning to take shape here nicely now too and looks full of intent and stored energy, ready to power it higher over the next week or two ahead. As with the Brent impulse wave, use any further tests on the lower parallel as a buying opportunity (with stops 30 pips below) and any test on the upper parallel as a near term selling opportunity with stops 50 pips above if day trading this complex. The upper parallel here on WTI is sensational, really trustworthy, as good as Brent's - and now the lower parallel is forming nicely too on WTI. We can use that for the next couple of weeks. If WTI comes off from here and back to 55.00-54.60 it's a buy with stops 30 pips under the parallel. Although it's clear that the entire area betwween 57.20 and those highs at 61.62 on left of chart is a real battleground, and that we are quite likely to see a repeat of that whipsaw at the same levels and will need to take profits quickly (before someone else does and price drops away again fast) ...but the trade has to be buying all dips as WTI grinds higher and higher , right up to 61.57 - 62.55 upside target - at which point, with bears squeezed tight, it will likely fall away again. (or if day trading sell off the upper parallel and buy back from lower up to 62). We are still long here on a long-pull swing trade from 43.74 and unlike the similar Brent trade this was never closed out just before the last Opec non-event - this didn't look 'spent' but Brent did (so shorted it and left this long open, see older comments if interested). It has a 61.47 limit order on it. One day...At any rate, last week's price action was super bullish for WTI, turning old and powerful resistance at 55.06-54.60 into support and catching the market on the wrong foot by Friday. This has more upside now. Use any weakness from here back towards the parallel as a gift of a buying opportunity until the upside target is achieved, ideally as WTI hits the upper parallel at 62.40. Time, and trend-lines, as always, will tell. So WTI is 'surprisingly' bullish. Solid bull move last week. This wave has more to run. It woukld have to close below 54.60 for the bears to have even the remotest chance of getting a grip from here. Ain't gonna happen anytime soon. Last week told us that.
TVC:USOILLong
by sumastardon
AUDUSD Source based analysis M15price tells us all it knows about source. Look to short at completion of correction into continuation low immediate expectation is new structure high however expectation has severely weakened. price has spoken. watch how price approaches 8020 for signs of expectation failure, order flow will translate through price. medium term expectation of a break of 7986 structure and down to retest of lows. Price will tell us everything it can along every step of the way
by wigtrade
Eth Enterprise .Ready to boldly go where no man has gone beforeNerdyness on a new level. ETH enterprise is ready for takeoff . Destination far far up and away. The only thing we know is that Vitalik have saved you a seat. Remember to hold on to your Eth...We are going very far and its going much faster then we thought .Cause this thing runs on Ethereum . -Disclaimer , my first chart ,made from what I have learnt reading on tradingview. But really , lets be honest.. Sell your house kids and car, buy Eth cause this is the future. -If you have comments or constructive criticism please let me know. Always interested in learning more. -There is a few things in the world of currencies I am looking forward to. Ethereum in the next two months is one of them. Ethereum in the future, even more. "This will be fun to look back on in the future!" _____________________________ Ethereum News and upcoming events. V-ENS launch Ethereum Name Service offers a secure and decentralised way to address resources both on and off the blockchain using simple, human-readable names. Live stats can be viewed here once it goes live. V-EEA adds 86 new members V-Huobi will list the CNY/ETH pair for trading V-Huobi is one of China's top 3 crypto exchange. V-OKcoin will list the CNY/ETH and USD/ETH pair for trading V-Okcoin is one of China's top 3 crypto exchange. V-BAT ICO. From the creator of JavaScript and the co-founder of Mozilla and Firefox, BAT is targeting to raise USD24 million for their blockchain based digital advertising solution. not confirmedRaiden Lightning network on Ethereum . Ca:23 june - Metropolis launch (---This gonna be big---) Metropolis is a milestone hard fork that upgrades Ethereum . Visit here for the EIPs involved. Proof of stake PoS -1.66% is the replacement of PoW to verify transactions. Stage 1 is 75% complete. If you like my idea or mean that I am in lack of chartingskills , you can always donate some Eth : 0x7354cb10be5e994dbc801388f9de4460c083bc24 Money will be spent on actually getting some chartingskills. "Dont mind me, I`m not selling I´m just along for the ride"
KRAKEN:ETHUSD
by BiT73x
10
NASDAQ Update: Not too bad so far: stops for shortsNasdaq 100: Has held up really well due to Dollar stabilising - please check DXY comments also as this is the lead indicator right now, if there is one. Need to manage these stops now as per comment and keep an eye on all shorts to see how they hold up...Still believe dollar has further to fall, despite this attempt to rally...but it could be enough to derail the Nasdaq short in meantime if not careful...do not want to see Nasdaq above 5610 if a bear, that's for sure.
FX:NAS100Short
by sumastardon