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XAGUSD Enters 2 x Demand AreaSilver has again reached its crucial lower range end and is in a serious demand area around the $16 area on top of a Daily Trendline and area of support. It also sits atop the 23.6 of the larger move, price tends not to drop below here in recent history look for a Long entry with your stoploss below the 23.6 Price is in a Weekly Wedge and very likely to break out soon, so beware of the drop through, Price action is mandatory. On the flip side of that, if it breaks above this could be a long term hold.
OANDA:XAGUSDLong
by PardoFX_Trading
Is Bitcoin crashing? Are we going to ZERO? Is it Panic Time?Daily BTC Upadte I don’t think we are crashing or Going to Zero. In my education piece yesterday, I said I thought there were a lot of people trapped in losing positions up higher, some of them I think I getting frustrated and getting out. I actually predicted this in my fist BTC post on TV “If we break the 200 ema and close above I would expect a pretty quick trip to, 10,000 (The pink line) and then a retest of the 200 ema , a bounce here would see $12,000( The Black Line) in play quickly and then I expect consolidation between the 200EMA and 12,000 for some time.” So while I am not a psychic, its pretty good and we are now consolidating or ranging between the 200EMA on the daily chart and 12,000 (This area is shaded for you) Importantly the break down on the 4 H Chart (attached) has reversed above 9300 support, closed above the important 9750 level and looks to be stable. While it doesn’t look like a panic sell to me it does require me to be BEARISH/NUETRAL. I am under the 200ema (on the 4H Chart) and my previous support trendline. I will move the support line when I get two bars above my new low on each side. (Potentially next bar) but this is a technical move and my Bias remains BEARISH/NUETRAL. For those looking to sell bounces off the 200 EMA (4H Chart), 10800 and the old Support trendlines all offer great chances to sell. I would scale out at 9750, and trail down from there. For those looking to buy, I would buy now or on the break and retest of old support trendline. Targets are 11,700. My expectation is next we will revisit the 200ema on the 4H chart and then we will be watching closely again. Follow us to get the most accurate BTC analysis FIRST, with trade details, Like us or join us. If you want to make more money something us.....
BITFINEX:BTCUSD
by DollarsAndSense
8
Tick Tock! Is it time to buy??? Hey Followers, Many are falling by the LTC sell off, I am not nor should you, if we have a look at the chart, we have hit the bottom of the range. Its a great place to look for a bounce. LTCBTC is in an extended range, with the top at 0.0238 and the base a tight area between 0.0186 and 0.188. This level is also the 50% Fib Retracement of the last move up. Price on the 4H chart has just hit the bottom of the range and this 50% Fibonacci Retracement and created a double bottom (Circled in Blue) and appears to now be putting in a first higher low. We are looking for a buying bar closing above 0.0190 on an Hourly or 4 Hourly chart. Its important we wait for the buyer bar as confirmation the market is watching this level. A close below 0.0186 would invalidate the trade and open up the possibility of looking for a Bearish entry. Entry High of the first bar to close above 0.0190 Slop loss is 0.0185 Target 1 is the first bar on the timeframe we trade to close above our entry Targets from there Just before the blue dotted lines on my chart at 0.0194 Target 1 0.0201 Target 2 0.0210 Target 3 0.0238 Target 4 - the black line I hope you all enjoy this trade, we hit some massive profits yesterday around 90% and if you can continue to follow we are going to see many more of these days ahead with the market repairing and improving new trades are jumping out.
Long
by DollarsAndSense
2
If we get the right pull back! Its Party Time.Hey followers, I have been watching ICN/BTC rally over the last couple of days but haven't been able to find a way into the party. We are now getting a pullback and have a quality support area in focus. Iconomi has been on a bit of a tear for the last few days, and is currently giving us out first pullback and potentially opportunity to join the party. We are looking for a pullback to the 0.000190 and 0.000186 support band. The support support band coincides with the 38.2% fib retrace. This band is support taken from the Daily chart. Once we get to our level we are looking for a decisive buying bar (closes by the top) on a Hourly or 4 Hourly bar, and we will buy when the high of that bar is taken out. Entry high of the buying bar bouncing from the support band. Stop loss below the bar and the band 0.000183 //////////////////////////////////////////////// Target 1 The first bar on my timeframe that closes above my entry bar Next Targets before the blue dotted lines 0.000205 Target 1 0.000219 Target 2 Enjoy guys lets get some profits in the bank!
ILong
by DollarsAndSense
1
Lest catch the Break out on BTC, and bank some ProfitsBTCUSD D BITFINEX Wow, could this look any better for the BULLS??? What a text book couple of days for BTC on the daily chart. I will mainly talk about my Trendline (Black line) , but have left the other on the chart (Pink line) as its clearly in play to some degree as well. So yesterday was a pullback day, How is that good for the bulls you may ask? Well for two reasons, with our new low having formed we have stayed above our support trendline (BULLISH). But its our Resistance Line that is key, having broken our resistance line we have come back and not only tested it but closed on it yesterday, and today not only are we building away, but we pulled back a little so we could bounce of it exactly today. The market has Advanced through this line, next day pulled Back and closed on, and next day Continued in the original direction based off it. Its technically perfect ABC pattern and a very strong bullish sign. The aggressive can enter anytime now we have the bounce with a stop below the broken line. Its more conservative to wait until the top of yesterdays bar is broken and trade up to resistance around 11800. Conservative Entry BUY 11066 Stop 10200 Target 1: Take profit the first time a Daily bar closes above your Entry Targets 2-3 Please bank Profits before the blue doted lines at 11174 and 11835
BITFINEX:BTCUSDLong
by DollarsAndSense
7
BTC Daily analysis: Volatility ahead as we decide directionBTCUSD D Analysis Hello followers, Lets take a couple of minutes and have a look at the king of them all the BTC, and see where it stands on a Daily Chart, and what the potential moves are coming up. I hope you enjoy the analysis i hope to update it daily as a road map for BTC trading. You can see clearly on our Daily BTC chart that we have once again closed below the Trend line (Black line) that dominates our BTc chart. We have yet to have a daily chart close above the line and must remain BEARISH until we get a close above on a 4H and eventually D Chart. WE can see the two previous touches on the line (Circled) have been followed by two aggressive selling days and this is such a key level we do need to see a break or we can expect to see more aggressive selling bringing support in at 9750, then the 200 ema, and potentially the pink dotted line at $8,000. Technically this chart desperately needs a new low, we have the seen the low at $6,000 and since then haven’t had a new low formed to give us a base to build off. For me a new low should have the 2 bars on each sode of it be above it. So yesterday’s bar could potentially be that bar. We would need the low of tomorrows bar to stay above the low of todays for me to be convinced. Once we have a new low formed we can start and build upwards with a lot more confidence. Price going below yesterday’s low would mean we are still in search of a new low, and we could well be going down a bit more. If we can get a close on a 4h Chart above the trend line, we can start and be cautiously Bullish, with a daily close above required for confirmation. Ideally we would like a Daily close above and then a retest on say a 4H Chart to get us in and long. If we get Bullish again targets are $10,780, $11,835, $12,762 and $14,937. Once this trend line breaks and eventually it will, I would expect an accelerated move up (especially if we have a new low forming). In summary I expect a bit of action in the next few days with the break or bounce of the trend-line on a 4H chart being a catalyst for some volume and volatility to come flying back in. I will have some more trades for followers later today.
BITFINEX:BTCUSD
by DollarsAndSense
23
ETH Your Update, 2 things will happen.Short update as in a hurry, we can break resistance here or break low. Sorry for use of fib it was easier to display targets and channels it made it easier to read. If break low red arrows sell and rebuy at support on the bounce. If we break resistance blue arrows hold until target 1 (Green Line) be aggressive in taking profits in the market as it is. I will update after target 1 on 2 and 3. I am going to start an educational course thats free on the basics of technical analysis . Videos and charts will be provided. Follow for further details course will start once we have a few more in as this is free so I will only be doing it once. Below you will see volume needs to break first
BITTREX:ETHUSD
by RealCashCannon