Erland

Erland

Bitcoin has stopped on 30k support and did not go to 10-16k price denying excellent buying opportunity. Either way - for me Bitcoin is a buy on every drop.

Erland Updated 

RSI divergence says that the rise is over unless there is another spill of money and RSI may rise. Otherwise it is set to drop.

Erland Updated 

There is still room for a rise but a pullback is needed for it to continue growing

Erland

We should see inverted head & shoulders coming into Bitcoin in the coming 3 years. The last good chance to buy Bitcoin at a decent price will be provided after it retraces 78-88% of the last 2 years rise. There is no point of selling bitcoin. Buy and hold on every dip indicated is the best strategy for me.

Erland Updated 

It looks like the price has touched the top line of the trend and should be due for a short term correction towards 3400 which is expected to start within a couple of weeks. After that buying should continue towards 3730 and longer term - 4150.Look for deep dips as a buying opportunity as stocks still have enough room to go up.

Erland

There is still room for S&P500 to grow before it makes a correction. It may take several bounces and 3 months before it goes back to 3300 level but currently we are looking for the last buy to 3530 and then sell down from there to 3415 D1 is coming into overbought area and soon it will start showing divergence in RSI. Look for it in H4 first. Overshooting over...

09:17

Erland Updated 

There is no RSI divergence on D1 chart really and this indicates the strength of the uptrend. Higher high on D1 was made and RSI did make it higher. The price is above all moving averages and has left strong support belt at 1.14-1.15. There is a slim chance of a pullback down to that level but a more realistic target is 1.1575 If prices does reach 1.14 on...

Erland Updated 

The price move up is decelerating and it is showing signs of weakness. DXY made lower low but eur/USD did not move up much and just barely made a higher high. It is a good spot to buy eur/usd now at 1.175 or near it and target 1.183 (or very close to it). SL should be just below 1.175 but if you tolerate more - 1.169 should be a definite stop and below 1.1675 - is...

Erland Updated 

We have seen a rise in Eur/USD based on my previous idea where breakout levels were indicated. It broke to the upside and based on the previous retracement calculation we went above 1.618 Fibonacci level and are aiming at 2.618 Fibonacci level as this can be seen on the chart. And that point should be around 1.1831 This move could be initiated by either FED...

Erland Updated 

We have had a 4th straight rejection at 1.135 resistance but it does not mean it will certainly hold. RSI divergence is showing uptrend and we have not gone below MA50 on H4 chart which makes me believe that we will visit 1.1385 resistance which if broken 1.142 comes next. Tomorrow we should see after jobless claims report if we go below MA50 on H4 and finally...

Erland Updated 

Since we are so close to my last selling point mentioned on another idea - I have engaged in my first buy position at 1.08556. Although there is a drop potential to 1.0815 - my remaining selling position will close at 1.0844 or SL 1.0873 either way staying in profit. We have gone down on Eur/USD a lot and there is RSI divergence on H4 and H1 charts. It has not...

Erland Updated 

Everything is pointing down on this pair and price opened below the previous day open and is only making a retracement now to previously broken support at 1.09. We may see a retracement up to 1.0915 just to continue from a higher selling point. 1.0844 is anticipated target with intermediary TP at 1.085. If SL is met at 1.0927 we may be heading for a bigger...

Erland Updated 

There is a clear bullish pattern on H4 and H1 timeframes and buying dips between 1.108 and 1.111 SL is at 1.1065 as going below it will takes us much lower with possible 1.099 touchdown. 1.11 is a strong support with MA200 supporting it. Anticipated targets TP1 -1.117, TP2 1.1199 and TP3 1.1215

Erland Updated 

RSI is in overbought conditions and H4 is showing RSI divergence when price made a higher high. An immediate target is 1.10750 with extension to 1.10420. This is a short term target as another rise to 1.1180 may occur afterwards where we can consider selling towards 1.09 (which is a long term target). FX:EURUSD

Erland Updated 

EUR/USD has been flirting with 1.099 support for 2 days and I have just bought a position at 1.09915 with TP 1.12. I see two bullish candles on W1 chart and I do not see any reason not to buy. SL is below 1.092 and target should be reached fairly soon as we have been consolidating above 1.092 for 3 weeks already and it was not broken. The other reason for buying...

Erland Updated 

There is a nice bullish butterfly pattern on W1 and I have been watching it for 2 weeks already. After today's ECB decision EUR gathered some strength and is going up. H4 is having some RSI divergence as well. A good entry would be a small pullback on H1 chart (Stoch should get near bottom) and the price around 119.1, leaving H4 support intact. Once we see the...

Erland Updated 

Eur/USD has made 61.8% retracement from 1.108 tops and 1.0985 was the early entry point. This point has also matched AB=CD pattern 1.1085,1.1015, 1.10680,1.0985 on H4 chart. This is a safe entry point for a small position while larger entry can be made at around 1.096 where 76.4% retracement support is awaiting. A safe SL should be put just below the previous low...

Erland Updated 

CAD/CHF will continue selling after a healthy pullback on oversold levels. It has already done 38.2% pullback and is near 50% levels. Selling pressure will resume at 0.743-0.745 levels as 50% pullback also matches the bearish pattern seen on H4. Keep in mind that there is a bullish ABCD pattern on weekly chart which indicates a buying opportunity just below 0.722....