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BTCUSD Saturday Buy-Points and Updates09:20gmt 04:20est Saturday Buy Points and Updates If you went long again off the retest of the lower parallel it's held good overnight but has reached the underside of the neck-line of the small head and shoulders created yesterday and could have been closed out for 300 or so gain by now. If still long the nearest support is close by at 9077 so no point in closing out now. But it must hold up from here to avoid further weakness back to 8899 line again. Failure to do so will trigger another short with stops above 9100. The overall pattern is still delictely poised with bulls holding sway above the 9077 line and bears still roaming the zone underneath 9077. Bullish above the line still and flipping into bearish territory below it. More as the move develops... Bitcoin Bitstamp Update 09:52gmt 04:52est Bitcoin has rallied from the 9077 line precisely and shot higher - local resistance at 9389 which should cap the rally in near term where day traders will likely close out but the pattern is looking positive - as before- bulls hold sway above the 9077 dividing line and bears below. If you bought off the lower parallel for the swing higher and are still long can stay that way though expect some downwards movement to arrive soon if so. Bitcoin Bitstamp Update 12:43gmt 07:43est Coming back to the 9175 support line and the lower parallel. A buy here with stops below the line - or can wait for small dynamic above price to be broken above and the 9224 line reatken again by the bulls to add or for a safer buy anew. Has to break below 9175 line by over 15 points to flip back to negative again back to 9077 13:23gmt 08:23est Can raise the stop on this long to just under 9200 now and let it run towards the upper parallel for day traders and to uppermost larger parallel for swings. *For Bitcoin updates in real time over the weekend please see link at top left of main page
BITSTAMP:BTCUSDLong
by sumastardon
4
Southern To Drop And Then RiseOn March 31, 2017 The Southern Company ( NYSE:SO ) crossed above its 150 day for the second time in 26 trading days. Historically this has occurred 222 times and the stock does not always rise. It has a median gain of 2.717 % and maximum gain of 14.698 % over the next 15 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 47.3590. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slightly heading down, but not in a strong manner. The true strength index (TSI) is currently 10.2015. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is up, however, it is begun to retreat from higher levels. Both vortex indicators (VI) are below 1 with the positive value slightly on top of the negative. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is relatively neutral and could begin to climb within a week. The stochastic oscillator K value is 19.2587 and D value is 27.6028. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is trending down with narrowing divergence between the K and D values which means the drop is almost over. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall near-term stock direction appears to be downward for a few days before heading up. Based on historical movement compared to current levels and the current position, the stock could drop another 1% over the next five days and gain 2.5% from that point which is roughly 1.59% from its current level. The stock has crossed below the 150 day MA three times over the past three weeks for a drop of at least 1%. The median drop when this occurs is 1.869%. The last cross below was only two days ago and has not completed its 1% drop yet. I believe the stock will fall near the 49.30 level before moving up toward 50.57.
NYSE:SOLong
by StockSignaler
UKOIL - Right Shoulders ?UKOIL - Right Shoulders ? The question is simple - what we see on the graph of the Brent oil? The answer is simple - we see a change quotes, changes in the derivatives of the functions of the quotes - the indicators, we see invented and drawn by us trend lines and channels, invented and drawn by us figures of Paterns - Head and shoulders such as here. You can draw a lot more - like a wave, "... finish 5-th in C" ... and so on. The question is simple - what all it gives us, as all it helps to determine the future movement of the price function in time? The answer is simple - nohow! This answer is simple and complex at the same time, it is beautiful and terrible! After all, we hope and believe, and yet know that indicators follow the quotation, it is a second-order derivatives of the price function, the wave theory of Elliott - very controversial, because it does not give the same interpretation of the function movement for two different subjects using it, and therefore unscientific. So, what about ...? Where goes the price ...? Who knows this ...? What we can expect, "when we going out on the track, in front of the locomotive rapid quotes" flying forward? At the will of the gods? On the resistance and support levels, so the same - they are, they will stop it, deployed, rotated to the right, reflect! The answer is - no matter nohow, almost ... ALMOST! This is a magical, almost miraculous! What is it that controls the price and what we expect? How to manage it ALMOST? Manage The ALMOST, is simultaneously simple and complex. Almost - it is the psychology of each individual and mass psychology folded together. Almost a discipline and risk management, this is your Stop Loss and Take Profit. Almost our common integrated view to the level of prices. What's The measure of The Almost? Parameters of the Almost is so much, we can be measured each individually, but it is very difficult to integrate the results. Well, so - we simplify. What is important in the ALMOST? We take only important, and discard the rest, ... at least for now put aside. Probability, math-expectations - these are the words that make the almost a reality. The feelings of the Price movement for the masses who will buy and sell at the same time. Whom do more - sellers or buyers? They are - equally. Their numbers is always the same. Not equally, changes only the intensity, the intensity of purchases and sales. And so at any given point of time, movement of quotes. So this intensity considered in the time and determine the price movement. A probability - will help us to identify where. I will not be here to write a treatise, "On the principles of enhancing math expectations, increasing the likelihood of profitable trade ..." - they have a lot of it is written. I'm not going to predict the future price movement - there are many, analysts, elliotschikis, trade-actcionschikis etc. Let's just say, probably the price will go lower in this particular field. And so - and probably I'll go out on the track and stand in front of the locomotive prices. I go small by little, step by step. To make it not hurt, in case of failure! And then, ... Then, success and upgrading of the, or trimmed with light injuries, jumped off the rails! Successful traiding and Happiness foe all! MikleKey
FX:UKOIL
by MikleKey
3