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Surge

Bitcoin, 3 possibilities.Well the inverse head & shoulders has played out perfectly. My entry at $6,860, and then stop-loss at $7,795 netted me a 13% gain in 5-days. So now where?! Option #1 - We surge, today (tomorrow at the latest), to $9,000+, break out of the 6-month downward channel and go on a new bull rally. Option #2 - We break down to somewhere between $7,000-$7,700 and hold there and wait for rebound out of 6-month channel, sending us into bully rally. Option #3 - We plunge below $7,000 and head probably into sub $6K range, with my target near $5,800. I got stopped out at $7,795, but then got pulled back in @ $7,870 due to the bullish engulfing candle on the 15 min chart. I may be over-trading this play, but I want to keep profits but also don't want to miss a rally above $8,000. Time will tell. The "options" are in the order that I see most probable. Reminder, don't trade emotions, trade the charts and your strategy.
BITFINEX:BTCUSDLong
by GunMoney
Gold daily overviewGold prices have reached new high levels during the second half of Monday’s trading session. During the surge the rate reached above the 1,210.00 mark. However, the surge was stopped by the upper trend line of a long term ascending channel pattern. The pattern with it received another confirmation of its borders. On Tuesday morning the commodity price was consolidating its gains near the 1,210.00 mark by trading sideways. Meanwhile, the rate had no close by resistance or support level. Although, note that the 55-hour simple moving averages was approaching the metal’s price. The SMA most likely will push the metal higher.
FX_IDC:XAUUSD
by UnknownUnicorn890690
VERGE: HUGE POTENTIAL IN A FEW DAYS (45-80% GAIN)Disclaimer : Anything that I say is my own opinion. I have been doing my own personal research and believe that XVG is an excellent investment. After following it for a few weeks I made a small investment. Any money that you invest is your responsibility. Do some research and learn about the currency yourself before putting your hard earned money into it. This is not a "pump and dump" , it is just a friendly investor sharing his insights. I've been charting XVG for a while now and I believe that a new surge in on its way! It looks as if it created its new support line and is showing upward trends. I am currently thinking that Verge will take a few days to break through the new resistance line (Purple line) So lets get started! ***I personally use Ethereum to do my transactions/transfers to altcoins. If you use BTC then your graph may look slightly different. Keep that in mind when purchasing. Firstly, as marked in my graph, I put an orange line at the bottom. This is where, I believe, is Verge's new support line . If you look back a few days Verge actually fell back on this line as well. The solid purple line will become the new resistance line . Once Verge breaks through this line we will start seeing tremendous gains! So the best time to buy Verge is in my little blue box. This range is between 0.00021550-0.00019500 ***Now of course before doing any major investments, we must make sure we have a stop-limit. I always believe that a stop limit should be around 5% give or take. Some people like to do stop orders around 7% so whatever you believe I think you should do. *** The first milestone is the blue dotted line . (0.00024104) (Realistic) (Sell 10%) This is where I will take my first cut out of Verge. Take a little money for yourself just for insurance sake. The second milestone is marked at the green dotted line (0.00027825) (Realistic) (Sell 10%) If you look a few days back you can see where this dotted line hits. This is a very realistic number to hit, and I believe it can be done in a few days. The third milestone is marked at the orange dotted line (0.00032624) (Realistic) (Sell 40%) This milestone may take a few days. After Verge surges in the next few days we can see the third milestone be hit. The fourth milestone is marked with the red dotted line. (0.00037690) (At least a week) (SELL REST) This is the final push and will at least take a week. If verge reaches this milestone, which it will, this is where I would cash my remaining shares. Thank you for reading my post and I hope you enjoy. Make sure, once again, you do your own charting and research and let me know if you find anything that I missed. Happy trading! -von braun
Long
by von-braun
2
RIPPLE: BUY BUY BUY NOW (NEW SUPPORT LINE)Disclaimer: Anything that I say is my own opinion. I have been doing my own personal research and believe that Ripple is an excellent investment. After following it for a few weeks I made a small investment. Any money that you invest is your responsibility. Do some research and learn about the currency yourself before putting your hard earned money into it. This is not a "pump and dump", it is a just friendly investor sharing his insights. My thoughts of Ripple I have mixed feelings about Ripple. I have been following the project for around two months now and everything about it seems pretty amazing. To start off, Ripple is always in the top four largest cryptocurrencies. But why? Ripple is essentially is becoming the "Venmo" of the crypto world, and rightfully so, has large banks such as Santander on their side. If Santander, a world-wide bank, doesn't impress you then I really don't know what will. Ripple has proven that they are a crypto that can actually make it in this volatile world. I've been watching Ripple since it was around 10 cents a share and was too skeptical about it. I never really liked the idea that Ripple was essentially helping what most people started to use cryptocurrencies, the banks. Since this I've lost out on tremendous losses. Now I see the real world application of Ripple , and so should you . THE CHART Listed in the chart I have an orange line, or Ripple's new support line. The Purple line is Ripple's new resistance I believe that right now is a perfect time to buy Ripple. Therefore, the blue box is the sweet spot in my opinion. I would buy anywhere in that range. I will just let you know, a Ripple investment is a long term investment . Keep that in mind while you place your hard earned money in it. As always, thanks for reading my graphs. If I missed something let me know, I love to hear feedback. - von braun
Long
by von-braun
2
USD/CAD returns to weekly R1 Daily outlook - USD/CAD returns to weekly R1 As it was expected, the USD/CAD currency rate bounced off from the 100-hour SMA near 1.2677 and once again surged to the weekly R1 at 1.2738, and even managed to bypass it for couple of hours. Fortunately for the Loonie, an announcement of information on the US CPI led to 33-pips depreciation of the Greenback. For the reason, the pair has two main options. Either it will find a support already at the above-mentioned 1.2677 level, or it will slip to a combination of the 200-hour SMA and the monthly PP at 1.2636 and only then make a rebound. The first scenario seems more likely, as it is supported by multiple technical indicators, which send a signal that the rate is oversold. On the other hand, the second option represents a more sizable barrier for the given currency pair.
by UnknownUnicorn890690
1
Copper outlook for the coming months and 2017Copper at the moment is going through high levels of supply and prices have plummeted to weekly lows. Demand may be weakening in China, the world's largest consumer, as stocks of metal flow out of the country to warehouses elsewhere in Asia. Therefore, we have a supply glut and copper price in the future doesn't look very promising. Stocks of Copper on the LME are now at their highest levels since October2015. There is also possibility for the copper market to tighten due to reduction in investments in new mines. Momentum in China is starting to stall and people are starting to off load the metal in other markets.
FX:COPPERShort
by OSEA7
9