Log scale seems another chart isnt it? We bounced from the ascending support. I'm expecting BTC to try again it's ath AND break it with some hope on 1300-1400. If we break this channel on the upper side we could see a new Mega Bullish cycle (Expecting 2500 USD) Happy trading!
A friend shared with me one sheet of reliable TA figures. So I'm going to test this one with this trade. Chance of go up is 33% (If triple top is broken on candle close) Chance of go down and breakdown is 67% + triple top if isnt confirmed = 90% After a breakdown we can expect a pullback to the old flat support with a nearly 60% chance (So we would close the...
Taking this short based on mid term resistance and long term potential resistance. In fact. SPX is approaching to its long term support. Regards and Happy Trading!
We have NVIDIA broken resistances and making ATH everytime, but I'm just wondering how much time will hold this price action. Drawing this curvature we can see rally about to finish as an stock cant just go vertical for ever. Regards. NOTE: Every NVIDIA weekly fall is from -30% to -50%
Catching some short at european index. Happy trading
H&S figure didnt work but we are close to some strong resistances, I would short this ones.
Wave pattern at xauusd + huge oversold. We could see a nice rally from here.
Si se da la condición de formarse esta figura (Cabeza y hombros), podríamos ver descensos serios a principios de 2017. Un saludo y feliz trading!
I would buy this support and increase the position if reached that range of price. If we make a new low I would close those longs and open a short on confirmation.
I would keep an eye on today's support as seems a clear bearish channel and a clear pullback to the last long term support. Taking a small long with caution.
VIX is facing an strong resistance. I would short VXX soon and long SPX for a possible bounce and post-election bounce.
Taking this trade. Also long on EURUSD. I would set a stop below the low made after brexit. Expecting it to go 1% up short term. This pair remembers me someway to EURUSD when Draghi started the QE. Regards!
Gold is consolidating last run on a bearish channel and holding the resistance (1308) (now support). I would long at those levels with a target to 1390. Regards!
Stay close to this index, if we break the bearish channel we could start a new bullish cycle, if we dont, we will se a total madness on the economy.
Must admit, I had looses last week with SPX. But just want to remember that a new high doesnt always mean a new uptrend. Look 2008. My opinion, based on just speculation, is that this MAY be a bulltrap. I may be wrong and crash just wont happen this year BUT there are some FA to believe it will: Banks Fixed rent / bond market bubble Recession No more...
I've been trading this setup almost a year. We have a perfect 0.618 fib retrace. This could be a bulltrap. Regards.
Bitcoin block halving in 2h after that there will be no news to keep this speculative currency going up. Sell breakout.