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Stop the panic Litecoin longs! It's days like today I find that I am having to remind people what to overall long term trend looks like. Litecoin is still bullish as it remains in my GREEN BULL CHANNEL. This BULL CHANNEL is nothing to sneeze at. It has remained intact since early March and has never been broken to the downside. Until it does, I will remain a bull. Although I was stopped out of my previous trade, I will continue to re-position myself back into the market until the bottom of my GREEN CHANNEL is broken ...if that ever happens. It did not today. The CHANNEL BOTTOM held firm. And I'm still a bull. Stay rational my trading partners. The trend is still your friend.
COINBASE:LTCUSDLong
by stewdamus
29
Dow and S&P 500: DOWI SPX500: Super-long-term Chart and analysisDOW S&P 500 ALL World Markets (except Commodities) Super-long Term Analysis: Dow Stripped Bare - How Long Can This Keep Going On? Back To The Future or Forward to the Past: What the Past can tell us about the future... People talking about stretched valuations need to start stretching their own imaginations a little by looking back into the past for a guide to the future. Working on the simple principle that basic human nature has never changed and that investors still feel fear and greed in exactly the same way investors experienced those same emotions 100 and 200 and 2000 years ago, we can see that in the past 110 years from 1907 the Dow goes through 4 prolonged 14 to 20 year periods of sideways movement - followed by 3 explosive moves upward lasting a minimum of 8 years, then 16 years steadily upwards and the 3rd golden-age lasting for 18 years. The minimum return over those periods was 610% and the maximum 1500% in the last great bull campaign up to the last day of 1999. So if you think this is crazy now, you just haven't really lived yet, that's all! If we's been living in 1925/6 we'd be saying exactly the same things then as now...'Wooo, this index is up 3 times from the low at 64, it's ridiculous.' Kind of like now. The Dow went on to double again, up over 6 times from that point before collapsing again. So 666 x 6 = 3996 on S and P and 6 times the Dow low at 6349 = 38,094. These are minimum upside targets. We could go up 15 times from the lows FYI: 666x15 = 9990 for S&P. For the Dow the number is 95,235. These are the facts of the matter. What you do with them is up to you. Strangely the commodity cycle works the other way - more on that next week.
DJ:DJILong
by sumastardon
1
$FB Rinse and Repeat?$FB is currently in a post earnings dip (a good thing). This is what is needed in order to reset the stock to afford us another buying opportunity. As you can see, the stock has made a habit of dipping around 10% for around 70 days before the breakout occurs. If this holds true, the best buying opportunity comes in around day 50-55. This would set the stock in the current $120 range, but we have to make sure there is no breakout for 5 weeks, or it doesn't meet the buying requirements. Be patient and maybe good things will come. www.trendyprofits.com
NASDAQ:METALong
by trendyprofits
Riding the bullish momentum of the USDCAD - daytrade/intradayThroughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily. I'm basing this trade based off of that momentum and on a simple trend-contination setup. As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im expecting this to go higher with a target of around 1.2800 - around 80 pip profit
Long
by ppp7