Bitcoin 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...
DAX GER30 After making a double bottom off the 11265 line the Dax has pushed higher with the aid of US markets to test the first resistance line at 11414 after a high today at 11420. There's a second line of resistance just above here at 11447. Either look to buy the dip if we see it back to the lower smaller rising parallel supporting the rally - or...
S&P 500 Index SPX500USD Was looking for a selling climax around yesterday's open, leading to a counter rally which would last into Friday's US open before falling away again. Well we got the counter rally just after the open in US, leaving a spike off the low at 2708 and 9 points from the next support line at 2699. Not much good, really. Then the S&P had to...
Bitcoin 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...
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...
S&P 500 Update SPX500USD The long was triggered right on the highs yesterday and was stopped out for 2 points loss. A short was was then triggered from 2903 to the 2894.4 line but the low is 2895 and it's sticking. Not great all in all. Have closed out as it looks to be sticking for now. There's a little head and shoulders forming right now with a minimum...
BTCUSD 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...
ETHUSD 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...
BTCUSD: Bitcoin Update 2nd August 09:54 Bst 05:54 Est Bitcoin made the double bottom at 7465 after a little spike lower to 7453 on low volume overnight before reversing higher again. It's still a little weird that it stopped where it did. It may be manipulation and maybe not. It's not easy to say for sure. But it was a little strange and means we need to stay...
Bitcoin Update 26th July 11:16Est 06:16Est Bitcoin was a buy on a break above the 8160 line yesterday (though by time comment went live it had already broken higher, sorry- busy day yesterday all round) It was also a buy if missed the first break on a return to the 8160 line overnight, with the low being 8163 since then. But the rally is a little lame so far...
S&P 500 SPX500USD Of the 3 charts followed for S&P 500 index, this one has been the most reliable recently. We were looking for S&P strength as the last but one of the Fangs report earnings with Amazon on 26th after hours. Google has helped overnight. After triple bottoming at the 2790 support line the S&P has rallied higher, making a little spike off the next...
Bitcoin Update 24th July 09:42 Bst 04:42 Est The break higher duly came at the rather strange hour of 05:00 Bst and midnight Est. Volume has been quite high though not spectacular. Not much follow through in London though. It's the first time Bitcoin has made such a small surge following a break-out higher and it hasn't reached any clear resistance level...
Dow Jones Futures DJIA1! 10:15bst/05:15est 20th July Despite the counter rally this index still looks weak technically. It should start to come off from around here and from the upper falling dynamic from the recent highs at 25035 at best. It should come back to the overnight low at 24902-24850 range later today. It must hold and bounce here to avoid...
Saturday 14:11 gmt 11:11est Bitcoin Bitmex Chart Update: Key Levels Saturday Back to Black - cannot see wicks as clearly on white background :( Yesterday's price action was tricky to say the least. Lost 5 points on the first short and then another 15 on a long above 6545 before at last capturing 140 or so points on the final short from 6535 to 6395 overnight....
BTCUSD: Bitcoin Trade Points From Here After a surprisingly active weekend of over 750 points profit (from 7579 before getting stopped out at 6825, stop was too close by about 45 points or so here, sorry) Bitcoin has moved back into neutral in the nearterm. On the Bitmex chart Bitcoin is now moving in a 200 point range bounded by near term resistance at 6860...
Bitcoin Sunday Update and Trade-Points The counter-rally high early yesterday morning reached 7678, just 5 points under the 7683 stop line as Bitcoin spent 24 hours moving sideways before plunging at midnight Gmt/19:00 Est as Japanese markets opened. US trading volumes have hit new lows, falling from 50% last year to 35% in April and now under 15% of trades...
Bitcoin Sunday Chart Update and Key Trade Points So far this looks like a good Reverse/Inverse Head and Shoulders in classic formation with a perfect retest of the neck-line yesterday at 7600 (even more so because no one seems to have really mentioned it - the low today here is 7600 precisely). It carries with it a minimum implied upside target at 8163 on...
BTCUSD: Bitcoin Friday Update and Trade Points Bitcoin was expected to push higher during a long, slow but overall positive day yesterday - it was certainly long and slow but it didn't push much higher though. Once it broke below 7480 it was meant to fall to 7401 at lowest before bouncing away again to the upside. In the event the subsequent low fell at 7415...