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S&P 500 Index: SPX - Next Long Shot from HereS&P 500 Index SPX Following the next long trigger on the break above 2701, this index hasn't quite made it to the next upside target at 2747-2755 range after a high at 2744. Close but no cigar. As with the other indices this one is also overextended in near term. And as with the Nasdaq, both indices have 2 lines of resistance sitting just above closing values. In SPX case at 2747 and 2755. It should begin to struggle for further near term upside in this range and needs to consolidate today's gains for awhile. Look to buy the dip if we see one overnight - otherwise the next long shot has to wait for a break above 2755 (preferably after a consolidation of recent gains first) looking for 2794 initially, then 2814-5. As above, the break higher when it comes, should be worth a further 2 to 2.5%. Active Traders: For Global Market Updates in real-time please check the links at top left of main page.
SP:SPXLong
by sumastardon
Bitcoin: XBTUSD Next Trade Points from HereBitcoin XBTUSD Next Trade Points The break above the upper parallel at 3740 was a good one when it finally arrived, propelling Bitcoin to the first target range at 4018-4152 within a few minutes of the break. Volume was pretty good too. Since then it's made a little flag before pushing higher still, triggering the next long shot from 4152 looking for further upside to the 4723-4765 range (narrowed). It's pushing higher inside a pair of parallels once more. The higher the volatility the more patterns it tends to make. Now approaching near term resistance potential at 4379 and the upper parallel and likely to start consolidating again soon around here. Should find support off the lower parallel when it comes off though. Once it's consolidated a little more around here it should break above 4379 which should in turn attract more buyers still and take it to the next target range at 4723-4765. The next long trade or add is from 44770 up to 5158. Whilst Bitcoin stays inside the parallels this uptrend remains in tact and it can't really be shorted again until it breaks the lower parallel.
BITMEX:BTCUSD.PLong
by sumastardon
BTCUSD: Bitcoin Next Significant Trade Points from HereBitcoin Next Trade Points from Here Hard grind right now but hoping for a decent trade when we finally get a break of the bigger flat wedge formation - or larger triangle depending on the eye of each beholder. Largely neutral inside the triangle though. A break below 6529 on Bitfinex needed to flip short back to 6380-6337 range at least and more likely to 6122 again once 6337 is broken. And on the upside initial resistance is at 6666 - once it moves above here it should rally to 6738 for a small 70 point scalp. Depends on volume or lack of to make the next decision from there, whether to stay long or close out....if volume starts to rise can risk staying long back to 6839. The big break to the upside will trigger if this level can be retaken and held by the bulls later on today and into this week on rising volume. It should then be worth following long again for 500 points or so to 7342 -7420 range. But until we see the pattern broken we need to stay patient for now. It's been hard work the last few days. Hoping that patience will have its reward soon though and a decent trade will be triggered fairly soon as a result.
BITFINEX:BTCUSD
by sumastardon
NEXTGEN energy crunchNEXT LNG GLNG SHI TELL LNG prices not as hit by US-CH trade ware as thought as these are all take it or leave it 10 year contract energy deals. If you can make it cheaper you make more. Floating refineries and floating transfer stations have cut out thousands of miles of pipeline and handling costs. I'll let you figure that part out on own. Fibretracement from 786 showing entry signal and quick 5 to 6.50 coming, or better above this 612 to 500 or above this. Strong volume and potential here. Sorry for fib retrace values in crappy spot. Need to modify fond to bold, suggestions??
NASDAQ:NEXT
by Pokethebear
LNG gas expansion entryLNG gas prices becoming attractive and not at mercy of US-CH trade war 10% tax as first thought. China leads the pack in LNG imports and has 10-yr contracts, wahahhaha. LNG GLNG SHI TELL NEXT Here shows a solid entry with strong legs from Fibretracement at 786 on love it the 1w chart and not as good on 1d chart, so more confident to hit higher highs from current $9. LNG gas will do well provided ships run, weather good, but it's hurricane or monsoon season. Target 1 over $12 and Target 2 more likely $15 up.
TLong
by Pokethebear
1
XBTUSD Bitcoin: Next Trade-Points Bitcoin Next Trade-Points Bitcoin started to fall away as US markets opened yesterday - a risk-off day across most markets. It bottomed as markets closed. Perhaps Bitcoin is becoming so institutionalised that it will start to follow risk -on and off periods across major markets more closely as time wears on. Too early to say yet, but worth watching to see how it correlates over time... Anyway since the low around 21:00Bst 16:00Est Bitcopin has rallied in a little continuation pattern and looks worth buying on dips to around 6244 - but only for a scalp to 6300 - it looks like it's made 2 minor waves up inside the continuation pattern and should make 3 or 4 as the day the winds on. So would rather buy dips again rather looking for a sell right now. But it will need some buying volume to force Bitcoin out of the the continuation pattern it's now tracking within. Will be interesting to see how it reacts when main US markets open. If it can manage to break the upper parallel of the pattern it should be worth following but volume has to start rising fast at that point to justify staying with it to 6373 initially and then 6547-6595 range. Staying with upside potential from here, any break above 6600 at any point this week would be extremely bullish and trigger another long shot from here to 6790 to begin with and given more time back as high as the 7334-7400 range again. That will all change if the 6238-6225 range and the lower parallel of this little continuation pattern gives way (stops below here). Even then it looks only likely to fall to 6193-6170 - at least to begin with. It should try to rally from here - unless a streak of red develops on rising volumes as it could well do - the pattern it's making so far is just a bear flag with 280-316 points of potential downside to 5918-5879 once 6195 gives way The next minor support lies at 6114 and once this gives way it should then fall faster towards the lower end of the 5971-5880 range.
BITMEX:BTCUSD.P
by sumastardon
4
BTGUSD Next Short Set-Up from HereBTGUSD Next Short Set-Up from Here The wider spread compared to BCHUSD has seen volume shrink away on this pair and swell on BCH. But it's still a good shorting vehicle nevertheless. It halved from 26 to 13 in a matter of days for example. "No coin is ever too low to sell" - to update a W D Gann quote for the 21st century. The downtrend is still strong here and the last 3 rallies have all failed at the upper dynamic. BTG remains vulnerable whilst trapped below this dominant line. Once 17.5 breaks it should fall away to the 13.2-12.1 range. And once 12 breaks the next obvious downside target becomes 6.5-6.0 Will follow Bitcoin around as usual, just moves faster. Not ready to short again yet but worth setting an alert for maybe.
B
by sumastardon
ETHBTC Target Achieved - Next Short Set-Up from HereETHBTC This has been a good short through most of August, down 20%+ from the 542 break level to 426 now. There was a second chance to short again from the lower green arrow as it broke the continuation pattern at 46 which has yielded close to 10% this week. But it's making a little double bottom here and the near term downside target has been touched precisely so it's time to close out again if you haven't already done so. Next short opportunity comes on a break below 4165 looking for 3440 initially and then 2345
by sumastardon
XBT Bitcoin Next tRade Points from HereBTCUSD Bitcoin - Next Trade Points from here Bitcoin broke lower overnight but stopped just a few points above the 6226 line on Bitfinex and then rallied back above the 6312 line, dancing either side of it for a couple of hours as it made a small bull pennant before surging back to retest the upper boundary of the triangle again. A Groundhog day. Price has now come back inside the same triangle that formed over yesterday and is moving precisely inside it now as it approaches apex. No trade inside the old triangle as yet. But it looks to be coming to a head/decision point soon enough again now... It has to break above 6500 now to follow long for a scalp to 6616. If volume stays low look to close down a little below here . The 6616 line is the neck-line of the still smouldering IHS. Any break above here on rising volumes can be followed long again with stops under 6600 looking for 6892 initially, then 7144 and 7400 in 3 potential long trades or stages. On the downside the low overnight has created a larger bull flag which only stays good so long as it holds 6409-6400 and the lower dynamic that forms the triangle. Failure to hold 6400 should be worth shorting back to 6312 for a scalp and potentially back to the lower parallel of the bigger flag at 6226-6170 range. It then has to break below here to add or reopen fresh shorts from 6160 back to 5997-5898 range.
BITMEX:XBT
by sumastardon
ETHUSD Next Trade Points from HereETHUSD ETH has been a fabulous short all the way dwon from 399 in a succession of trades over the summer. Left this one looking for a bounce from 252 and by chance happened to write on it last at exactly this point. At least shorts were closed out there but really should have reversed long there too. Easy to say that now of course.... It's afe agin whilst it's moving inside the parallels of the little continuation pattern it's now forming with first resistance right here at 305-6. A break above here should trigger further strength up to 320-329 range- then once it cam break above 330 it should start to find more buyers still and run back up to the upper parallel where it should then fall away again. On the downside a break back below 278 is needed to trigger another near term short back to 252 at least. *For fastest ALT updates please see link at top left of main page.
BITFINEX:ETHUSD
by sumastardon
NEOUSD Next Short Set-Up From HereNEOUSD Update and Next Trade Points It's been a week since the last scan across the top 20 or so coins. A lot has happened in 7/8 days. Remember that no coin is too low to sell and likelwise in a bull market no coin is too high to buy. Remember also that we play a game of probability. Some play momentum and volatility and some play hunches and mistaken beliefs. Few are right. The majority are wrong - up to 95% of retail currency traders lose money. (If currency trading was easy, we'd be doing it here a lot more. It isn't. So we don't) So we know the odds are stacked against from the outset. With this is mind is it 'easier' to sell the dust and forget about the diamond - or are you so damn good you can find 'the one' ? If it's the latter please share ; ) Until that day arrives we are probably better to try nailing the losers. And there have been some good ones over the last week. Here are some: they will follow Bitcoin as usual. They will rally more than the great death-star itself and fall more when Bitcoin fails. Some offering fantastic gearing opportunities without the need to resort to excessive margin trading. NEOUSD This was a sell from 20.87 and weak whilst trapped below 21 with a downside target at 13. It fell to 13.64 before rallying. That's a big double bottom at 13.25 in fact. But the trend is still neagtive despite the 50% counter rally since. To break free of the relentless bear prssure here it will need Bitcoin's help to arrive soon now. In it's continuing absence NEO will break the the little dynamic under price now and retst the lows at 13.64-13.25. A decent short when it breaks . But not until. It's holding up with Bitcoin for now. An eventual break below 13 here will be another extremely bearish signal pointing to further sustained weakness back to the spike low at 3.79. Lesser potential support centered around 6 may serve to induce a counter rally of 50% as we are seeing now. Big moves in little numbers.
BITFINEX:NEOUSDShort
by sumastardon