Litecoin - Know your levels$51.21
$46.65
$46.01-.21
$44.71
$41.50
$37.30
I don't anticipate too much more downside for Litecoin (LTCUSD) before we head back up, but if we do head lower, we'll go all the way down to $41.50. Below that $37.30. If per chance, we somehow find ourselves down in these areas, we will find further support from our 50 MA, the Lower Bollinger, and the bottom of our channel (lower green trendline) which should be intersecting with our flat line supports in the next two weeks.
I do not think we'll get this low and I'm 90% certain Litecoin will not break out of/lower than our green channel.
I'm swinging this to an upside target of at least $60, maybe more, depending on price/time/pattern points at that time.
Happy trading folks!
TIME
Litecoin LTCUSD to test $45 support - Should bounce hereAs I stated in my last post, I may have jumped the gun a bit on my Litecoin purchase. I knew this. But because I am a swing trader, I did not want to miss out on opportunity at that $50 level which provided fairly strong support. The next support level I see is even bigger. Why? 3 reasons:
1) I have redrawn my Fib retracement from the lows on 3-30 to the high on 07-05. This now provides .236 retracement support at approx. $45.
2) The low of our 07-04 candle sits at around $45
3) The middle Bollinger Band and 20 MA should intersect the first two supports at this level.
If you have not already picked up some Litecoin, I would advise doing so at $45. You could always DCA down from there, should we go lower. I happen to believe we'll bounce at $45.
Happy trading friends.
Still $2600In yesterday's post, I indicated that $2600 was the level to beat. We bumped our heads twice at or near that level. Now we also can see the middle of our Bollinger Band coming into play to help act as resistance at this level. $2600 is still our level to beat. After that, another big resistance at $2760. Until then, I advise a fair amount of caution to be exercised here. If we don't beat these levels, it could turn bad quick. However, as long as we remain inside my green channel, I'll remain optimistic and long.
Happy trading.
WTI: USOIL: Close to target so closing down shortsWTI: USOIL It's not quite reached the target yet by about 11 pips but if it touches that perfect level it will likely only be a spike, so am closing out here and thinking about a counter rally long for 100 pips - still overall bearish though so still looking to short again, but hopefully from higher up - or on a break below first target as per comment.
Inside bar without any resistanceAs we all know, inside bars suggests a continuation of the trend or a reversal of it when forming on notable resistances/supports,
USTEC has continued its journey to the moon after the recent huge decline. Buying a stock after reaching an all-time high, after retracements, is alright. I've been holding two long positions for the past weeks with an open TP, and I will hold so.
//Jim Cramer is one of CNBC’s top stocks analysts and a former hedge fund manager. In an edition of Mad Money, Cramer explained that he is often inclined to buy stocks that have reached fresh all-time highs, providing they have been rising consistently, and have pulled back since reaching their latest high point: "When I'm ready to establish a position, I wait for a pullback to come that's at least 5 percent down," Cramer said. //
Lifestyle Delivery Systems (medical cannabis sector) ripe !Dear fellow traders, it is time to act with a big BUY on Lifestyle Delivery Systems (LDSYF).
LIFESTYLE DELIVERY SYSTEMS (Cannabis sector)
Potential; Massive (starting from this spring). Read Future Money Trends article on the Company,Equity trading for millenials and madmen, Seeking Alpha and the webpage for LDSYF.
Cathalyst now; resent interwiew with CEO, good news in general for Product, production, collaboration with others (Clinical tests, marketing and retail strategy) finance in order, management experienced and succesfull trackhistory) technical analysis and "timing factors" for a longtime succsess story.
Feedback, pro and cons in this play ?
S&P500 - Long term analisys based on time-cycle theoryWe got confirmation of closing a L-T (long term) cycle (about 7 yrs) in feb2016 by the closing of first yearly cycle that is happening in these weeks.
This idea could be enforced by inverse analysis which confirm the start of a 7y L-T cycle (inverse) in the second part of 2015.
Time At Mode Methodology in $SPY Daily & WeeklyFrom the low in November in the 5% "lock-limit-down" move after the US Presidential Election, we begin a new UPTREND.
I updated the trading chat room "Key Hidden Levels" with this analysis as the rally unfolded out of the December-January trading range that is shown where there are 20-days at one price. There were also 7-weeks at one price, which implies that the market would advance for both 20-days and for 7-weeks once it "disconnected" from that price. Disconnected means to "range expand away from" the mode and to trade with an entire range above the mode. You can see both did that where I have yellow and red arrows marking Day-1 and Week-1.
The rally time has exhausted, and typically that means you have an amount of time equal to the rally to congest and test the mode. If the mode holds, then assume a larger uptrend. You can trade short for the next few days or the next few weeks, but keep in mind that I didn't analyze the monthly trend on this chart.
Either way, I just wanted to show you how mechanically and mathematically we analyze trends in the "Key Hidden Levels Chat Room." Sidenote: We do use emotions too, but that's for another chart on another day.
Cheers,
Tim
USDCHF Two Sells in my radarThere are 2 sells I am looking forward to.
My time projection suggests the moves to happen around the orange dotted vertical lines but thats not a must.
First trade is selling the 0.618 retracement.
Second trade is waiting for more confirmation (break of trendline, then flag, then break of flag > sell)
Reward to risk in both cases it 1:1 the way I plotted it on the chart but I will only take half position profit there and move stopps of rest to breakeven.
This is not a trade call, unless you are with the big banks you are responsible for your trading and your decisions. You are with the big banks? Hire me and get my signals for free Hahahaha
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