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>>USDCAD<< >>January Week 3<< Short SetupUSDCAD just spiked back up from Weekly Key Level at 1.245, we possibly gonna see a drop back to my Level, bearish price action was very strong in the last couple of weeks. Broke short-term uptrend to the downside, our stops are at previous highs, our tp Level is at our actual low. This will be a quick one, so trade with care and watch out for fundamental news. Entry: 1.2505 Sl: 1.2600 Tp: 1.2385 Have a good one, I'm always happy about feedback :)
Short
by DACapitalTrading
2
BITCOIN - JAN. 08.2018 FINAL UPDATE UNLESS NECESSARY. Bitcoin continues in an ABC zigzag structure as first discussed on Dec. 22, 2017 where a low of 11159.63 set and is expected to be re-tested as wave "C" bottoms. Expect a bottom of at least 11159.63 to be tested prior to this structure completing upon which look for BTC to again advance in 3 wave pattern. A likely re-test of the former 11159.63 low will likely occur on futures expiration on Jan. 18th or in the proceeding 3 days. Therefore, Expect Volatility to be at highest during the week of the 18th - beginning 3 days before and continuing through futures expiration. All futures prices are to used based on Gemini exchange price, therefore futures closing price for Bitcoin could see other potential issue from extreme volumes on the website. Therefore, capacity could become an additional factor in determining price extremes through closing day. Good luck and watch for opportunities which doubtlessly will be presented for trading or longer term holds of Bitcoin.
BITSTAMP:BTCUSD
by bshgeo
YIKES!!! LTC is seeking a NEW Temporary LOW!!!Looks like LTC is struggling to stay above $300 price range! If this trend continues into the evening hours, we may see LTC his a NEW Price floor of $260 Price Range!!! No Worries for HODL ers ... wait and there will be a correction Very soon as LTC bounces from the NEW LOW of $260 range and rockets back up to the $500 price range?! Don't believe?! Make a Christmas Wish!! LoL (Look at the "Monthly" CHARTS for LTC) ...YOU may change your mind and believe in Christmas Miracles?!?! ; )
COINBASE:LTCUSDLong
by iknoxred2012
2
Bitcoin: BTCUSD This could be the low,take some profits at leastBitcoin BTCUSD need to be carefulnow to watch htis isn't turning here by making a right shoulder off support at 6300... Earlier, it was noted that 6300 marks 20% from the top, standard text-book stuff. It's Ok to fall 21% intraday, but not fall more than this (19% to 21% is standard stuff, right?) - well, spookily, 21% off the top is 6240 - and the low so far is 6218. So it could be here...lower stops to just above 6530, they may get hit so swing traders make about 400 points, maybe more if it swings lower from here, but am thinking more that this really could be the low for now...doesn't look quite over yet, and want that hit on the lower parallel at 5997 in ideal world before closing out and going long with a stop under 5990 - ready to short again if this level gives way (small loss but for spreads if wrong on the long...) That's the ideal, a complete flush out right back to the base of the stucture...but we might nor see it. Bitcoin likes to do things by the text book so far, so maybe 21% extreme could be the limit...so at this point you can close out at 6340 ish and take 600 points plus profit and take a break, or can set stops as suggestedif a swing trader, or you can stay with it, but risk reward is diminishing now. Maybe close out half and run the rest, ready to close out at 6000 if tested and play it from there as above. And if 6000-5990 gives way it's another short...Stay Lucky. On upside, when eventually the upper parallel is broken on upside and if it then survives the first retest,from above, start building long positions for rally to 6943 and short again from there with stop above.
BITSTAMP:BTCUSDShort
by sumastardon
Bitcoin; BTCUSD Last valiant chance to go long with stop closeBitcoin A fantastic point perfect test of the parabola has held up Bitcoin so far. It's rallied to 7150 and stopped, coming back down to give a buying opportunity close to 7080, so look to buy as close as possible witha stop under 7050. If this ends up failing, we've had a valiant try and a faily small loss compared to potential gains if this is the to be the low. And if it isn't please refer to earlier comment for shorting strategies.
BITSTAMP:BTCUSDLong
by sumastardon
Nasdaq Biotech: NBI A good low risk buy point coming up tomorrowNASDAQ BIOTECHNOLOGY INDEX: NBI A good low risk Buy Point Coming Up Range trading between the parallels continues as it has done since last year's election low. It' looks like it should fall back to 3267 where it becomes a buy again with stops just under 3250. It should make a strong rally from here back up to 3575 for about 300 points gain, with the first level of resistance at 3344 (close out first long here). A subsequent move above 3344 will be very positive for this index, taking up to 3435-3444 range before it falls away to 3380 at which point it should move higher to the 3575 target - at which point it becomes a short again If this long call from 3266 is wrong, it means that the lower parallel that has guided this up-wave from inception is also failing, an extremely bearish outcome should the stop at 3245 fail, signalling a move back to 3168-3148 range (and a complete reversal of positions into near-term shorts) where this index becomes a strong buy again.
NASDAQ:NBILong
by sumastardon
Bitcoin: BTCUSD Last chance for low risk entry approachingBitcoin: BTCUSD Last chance for low risk entry coming up See how the old (now dead) rising support line is still trying to kill anything that comes near it? It's still toxic... You can see why day traders are wary of it, especially as it coincides with fixed overhead supply at the same 7350 level. (This stuff takes too long to write and too damn often what I think is about happen, HAS hapened by time it's finished ...very trying, especially as Bitcoin moves between 10 times and 1000 times faster than any other instrument on the planet. It was already on crack. Now it's doing steroids too. It's Jaws on crack and steroids and we've got it on the hook...maybe If you were slick enough to get long lower maybe you were slick enough to exit too??? If not, it's OK. We need to move away from that old toxic rotting line of rising support/new resistance, the left-overs from an old trail, to stay in outlaw-chasing mode....well there's not much selling going on from 7350 so far...ideally Bitcoin will trade sideways to down for a while and start to build support off 7260-7245 range and from there start to rise again. Look to buy/add from this range if tested. Will still be using a tight stop though just below 7220 just in case that old resistance line proves to be so strong it''s unsurmountable. If it gets struck, the risk is about 50 points. The potential reward is incalculable at present. It's the only financial instrument in the world you can say that about. Everything else has it's value, pretty much. Good luck!
BITSTAMP:BTCUSDLong
by sumastardon
3
CADJPY Updates and Follow UpH1 - We got the breakout below the 86.75. Price testing the resistance zone. We can look for shorts using the double TL principle as long as this high is holding. M15 - We have two trend lines on M15. Aggressive entry would be with the break of the TL (M15). Conservative entry would be with the break of most recent low + trend line(M15) NOTE - Keep in mind that based on the intraday cycles, we might see a test of the 87.70 zone Invalidation - if price breaks above the resistance zone.
Short
by VladimirRibakov
ANOTHER BUYER FOR $WFM ???FOR THE LAST WEEK WFM HAS BEEN TRADING ABOVE THE $42 ALL CASH OFFER FOR WHOLE FOODS. I AM TAKING THE VIEW THAT WHEN A STOCK IS CONSISTENTLY ABOVE THE OFFER PRICE (ESPECIALLY IN AN ALL CASH BID) THAT THERE ARE OTHERS INTERESTED IN THE COMPANY. THE STORY HAS GOTTEN A LOT OF ATTENTION AND THERE ARE SEVERAL OTHER COMPANIES WHO COULD USE THIS (NOW THAT IT HAS RECEIVED ALL THIS ATTENTION) COMPANY AS A STEPPING STONE OR EVEN JUST TO GAIN A FOOTHOLD IN THE GROCERY MARKET. THOSE RUN FROM WMT, TGT, OR ANY OF THE "REAL GROCERY CHAINS" LIKE KR. BOTTOM LINE IS THAT THIS IS A LOW RISK TRADE WITH THIS ONE SELLING FOR ONLY $ .50 OVER THE CASH BID. LAST, BUT NOT LEAST, THIS IS A PRETTY LOW BID BASED ON WHERE THE STOCK HAS BEEN ($57 IN EARLY 2015) AND IT MAKES THIS LOOK LIKE A VERY LOW-COST SPECULATION OF A HIGHER BID. I'M BUYING BOTH THE STOCK AND THE WFM 8/43 CALLS ($ .41)...OZ
WLong
by GreatWizeOz
1