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NOW - Negative downward momentum short from $167.23 to $134.23NOW seems forming a negative downward momentum setup along with negative Twiggs money flow divergence. It also has Plenty of selling but mostly around 5-20%. We think it will decline from here. To Play this August $150 Puts don’t look bad. * Trade Criteria * Date First Found- March 23, 2018 Pattern/Why- Negative downward momentum short Entry Criteria- $167.23 (Hit March 23, 2018) Exit Criteria- $134.23 or 200 day moving average. Stop Loss Criteria- $178.23 Indicator Notes- Strong Twiggs money flow divergence Special Note- Plenty of selling but mostly around 5-20%. August $150 Puts don’t look bad here. Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:NOWShort
by AcornWealthCorp
BTC Analysis 4/8/18 Undeniable Buying Opportunity NEW TRENDSBTC has broken its resistance levels and continues to wow investors with the growing sentiment of buyers in the market. Within the past few weeks the price has finally flirted with the sub 6k resistances prior to the beginning of the initial volume uptrend of the crash. The bandwagon bears may have finally sold every last penny of profit since BTC became mainstream. When looking at the exponentially decreasing selloffs since the maximum price, the trends are steadily fighting and pushing through 7k resistance levels with every passing day. These pushes are defying any previous pattern seen in the market, and we could truly be seeing the development of entirely new positive trends. Hopefully this new sentiment truly signals the reversal of a bearish market that has overstayed its visit.
Long
by rolflocher
NOW - Negative downward momentum short from Now seems forming a negative downward omentum setup along with negative Twiggs money flow divergence. It also has Plenty of selling but mostly around 5-20%. We think it will decline from here. * Trade Criteria * Date First Found- March 23, 2018 Pattern/Why- Upward channel breakdown, smart money short setup. Entry Criteria- $52.46 Exit Criteria- $45.57 Stop Loss Criteria- $55.88 Indicator Notes- Twiggs money flow deep into the negative side. Special Note- BIG selling - over 750 million dollars. Could consider $60 September Puts (currently $5.30) Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:NOWShort
by AcornWealthCorp
Bitcoin: BTCUSD Grinding Higher - But Raise Stops Bitcoin: BTCUST Last Update 01:20gmt/20:20est Bitcoin is continuing to grind higher, still contrained by the parallel above it.It's double topping in the near term - has to find buyers enough to push above the high at 11490 on Coinbase feed but will likely still get rejected by the parallel above it even it can push higher now - but grinding upwards towards 11765 completion target perhaps sometime around 14:30 est tomorrow. A small speed line is forming under the lows of this break so far and bulls will be looking for it to hold firm to avoid the risk of Bitcoin topping out in near term and moving into a dull energy sapping sideways to downwards movement due to lack of follow through come far east opening. So It's Ok for swings to stay long for now in hope of 11765 later but consider raising stops to under the little dynamic by 50 points or so to trap in 300 plus points profit for the day even it does wrong from here. It's been hard work all day. It would be a shame not to let it run, but also a shame to risk it slipping away. These choices are ultimately down to profile, as usual. Any move and hold above 11765 (could only be due to far East volume buying) would be extremely bullish - but unlikely in the near term. Nevertheless if wrong and we see it happen at any point over the next 24 hours we follow long once more.
BITFINEX:BTCUSDLong
by sumastardon
Bitcoin BTCUSD Trying Hard to Change Trends Today Bitcoin BTCUSD Trying Hard to Change Trend Bitcoin broke above the 9537 line here and then moved up to testthe upper parallel, making an 02:15gmt/21:15est high within the first hour of far East opening before falling away \again to an 08:15gmt/03:15est low right on the blue support line at 9373 before bouncing again on European interest at the lower levels. Now it's bounced to touch the first line of resistance at 9537 once more and day traders are taking a fast 200 point win and cashing back out again many of whom have shorted at the usual 06:00gmt traditional short time and made 200 down and now 200 up again. At the moment Bitcoin is still in day-traders' and scalpers' territory with no killer swings to trade as yet. It's still trapped in a downtrend but is at least trying to form a higher low so far today and therefore showing first signs that this downwave is running out of downside momentum. In very near term it's gone into a small continuation pattern and is trying to break above the 9537 line where fixed and dynamics converge - tiny pins below and above price forming on 15 minute chart meaninga big battle is raging below the surface here. Things only begin to turn positive again now when the 9537 line is retaken and held by the bulls - that will likely lead to a test of the upper parallel again at 9682-9715 - and then the big test...Bitcoin has to break and hold above the 9715 level before the last bear will back off. It would be yet another brilliant escape act by Bitcoin if it can manage this at any point today, attracting every bull still left in town back to the game and should be followed higher if we see this price action develop. But until then Bitcoin is effectively trapped at these lower levels and the downtrend remains in force - but it's not super- bearish here, just mildly so - and so we need to watch it here to see if it tries to break above the smallest parallel of the continuation pattern - if so can follow with stops below 9480. Otherwise we wait for lower values still.
BITSTAMP:BTCUSD
by sumastardon
10
Bitcoin: BTCUSD On Important Support Right nowBitcoin. Clock-Work 05:53 est another 01:00 gmt low, another at 06:00gmt. And high at 10:00 - right on the upper parallel where longs who bought at 6am have closed out for 450 points - day's work done. Now has to climb above the upper paralle and hold there on retest once broken to turn back to bullish again from here. Unlikely in very nearterm but it's trying hard here. We have had 4 waves down which is standard stuff for Bitcoin so this decline could be over but it still has some work to do to bust above the mass of resistance gathered above it from here...the old neck-line - can only get long from here once the upper parallel is busted and held - all it's done so far is a nice little counter rally to exactly where it should stop. We got some far Eastern interest at 01.00 and some European interest at 06:00 and now we'll need US interest to help it move higher from here - in meantime it needs to unwind a little. So far it's holding at 10100 but when this gives way it should fall back to support at 9965-9855 07:07est Last low on Bitstamp at 9935 with a nice spike under it on 15 minute - and now we have a break of the upper parallel and test of the first line of resistance at 10254 as early birds in US catch the worm - likely to push on up to the neckline by 14.45gmt, maybe in the 15 minute candle on US official open - if you got long on the last dip as above stay with it and raise stop to just under the low at 9930 for small loss if wrong from here. Look to close out in the 10300-10350 range where fixed and dynamic resistance begin to merge. But we 've broken the down-trend and need to be ready to get long again when and if that uppermost dynamic/old neck-line is broken above and held (now at 10345) - can follow the break with stops below 10300 when it happens. Bulls have 4 waves down which signals potential completion - but the bears have that Head and Shoulders on their side still - bulls gotta break that neck-line next big test - then we are off to the races with a relief rally - but not until...day traders are using the smallest dynamic here on 3 minute by look of it... 09:09est After moving sideways above the parallel for a while Bitcoin has come back to life as expected with US opening. Now testing the target at 10300-10350 with a spike high at 10372 on bitfinex....so closed out and looking to buy again lower , maybe only as low as 10300 ... 09:14 Had to get that uploaded quickly - so this is looking good again - has just poked above the dynamic/old neck-line on Bitstamp which is the big test now...buying across 3 continents - just neeed to beware a suck in here though...but if it can hold up here above 10350 and the dynamic this is going to rally very well now...
CME:BTC1!Long
by sumastardon