Simple_Renko

Simple_Renko

See callout bubbles. Price is climbing to new highs, yet volume is waning. BTC futures trading opens up in December and we're not quite sure how BTC will respond. My opinion is that BTC will not like the presence of Wall St. and regulators, but who I am to say what will happen? I'm just one man trying to play the game just as good as the next ; ) I hope that this...

Simple_Renko Updated 

See callout bubbles. The Bullish divergence on the RSI looks pretty solid here with this one. Price is just playing with a trend line that can be quite easily on the W chart.

Simple_Renko

If you're a contrarian, you might not agree here. The crowd is Bullish on Gold, but in this case, I believe that the crowd is correct (and sometimes they are!) Gold has some demand below current price, Gold is holding a W trendline (see chart), and there don't seem to be any really big sellers until price gets much higher. The ride will most certainly be choppy,...

Simple_Renko

See callout bubbles. Price has quite a bit of room to run before hitting the Brexit bear level. For now, the uptrend seems to be the path of least resistance. Use intraday charts to determine your entry and stick in it for the ride up. Because of the clean move down from Brexit, there aren't any big sellers until we go much higher. There may some turbulence on the...

Simple_Renko

I want to respect the trend that is intact, but I don't want to become blinded by the hype. BTC is looking very strong, but let's not lose sight of the fact that BTC futures are opening up later in December. With BTC futures trading come some very big Wall St. players who are *trained* to sniff-out and sell bubbles. Also, with Wall St. in the BTC game, come...

Simple_Renko

I own coins at $38 and $55, so right now, I'm just following to maximizing profits. Keeping a close eye on the D and intraday charts and closely monitoring price action. I'm Long and will be Long for a while. When the BTC bubble pops, I would like to see capital flow into LTC as the crowd will still be looking for cryptos that can offer a decent return. BTC...

Simple_Renko Updated 

See callout bubbles. Just want to grab a few pips. My overall bias is Long for this pair. CAD event risk tomorrow. GBP has seen a nice run up. Expecting it to cool off and let the CAD have some attention within highlighted range. ; )

Simple_Renko Updated 

USOIL and UKOIL seem to be coming into some resistance, so I'm expecting the CAD (despite recent good news) to find some weakness here... This trade may take some time to play out, but we'll see. I'm going Short.

Simple_Renko

The sentiment index has most people thinking short for the EUR, however, the crowd is usually not correct. The market is really tight right with sellers at around 1.1950 - 1.2000 and buyers in demand at around 1.1850. With the USD looking weak overall and NFP's on Friday, I'm expecting the EUR to take off upwards. Manage your risk. Don't bet the farm and live to...

Simple_Renko

XRP is a pioneer of its own as one of the first, if not *the* first centralized crypto-currency. Here we have a classic flag pattern here and it looks like XRP is likely to breakout shortly. BTC futures opening in mid-late December, so we'll have to see what kind of impact that has on the crypto market. I would like to see capital flow from a popping BTC bubble...

Simple_Renko

Price is in an uptrend. Price came into demand where I expect more buyers than sellers. Let's see if we can those targets up above!

Simple_Renko

See callout bubbles. I'm on the sidelines with BTC currently. Want to see how things play out when BTC futures trading opens up in December. Will it continue higher, or will see a correction once Wall Street gets in on it...

Simple_Renko

See callout bubbles. Don't sell the farm. There's demand for ETH and a possible area to add to your collection. Price made an all-time high. BTC futures opening up in a few weeks. No surprise that we're taking a little off the top and going to cash. If you're bullish ETH, here are some things I'm looking at.

Simple_Renko

See callout bubbles. Let's see if $75-$65 will be the next place buyers will be looking to hold this market up. I don't want to see price even get into that range, but if it does, I want to see this level hold up.

Simple_Renko

See callout bubbles

Simple_Renko

The Cryptos tend to move in tandem most of the time. XRP is small, yet very mighty. It is a centralized crypto next to its older siblings (LTC, ETH, BTC) who don't have any centralization. Tailored for use by banks and institutions, the future for XRP sounds pretty promising. With rising lows, nice areas of demand forming on the way up, and little in the way of...

Simple_Renko

Price is just testing resistance. Big sellers up ahead, yes, but with Oil weakness, could this drag the CAD a bit and give EUR bulls the ability to push through resistance? Let's get Long ad see...

Simple_Renko

Former Resitance becomes Future Support (ETHUSD)