this is a follow up to my ethusd post on feb 20th where i said to sell $980 and rebuy $400. chart explains where to enter and exit. I also applied one of my self developed trading bots to the chart as well, showing the back test results. Cheers!
reason why i think this will play out: 1)institutional smart $ is long on btc futures according to CFTC COT data 2) the current 2017/2018 btc fractal is still playing out to be very similar to the 2014 btc fractal. I'll be looking to buy back near the green zone and selling near 11.7k then look for shorts after confirmation of a top.
short on the us 10 year bond. mortgage rates increase when the us 10 year sells off so now is a good time to lock your rate if you're trying to refinance or buy a home.
top is in for eth it's getting rejected at the red zone, down she goes.
sell ven like chart says . re-buy it around .00019
chart explains my views on where btcusd will go from my 6k target that was hit today. im holding from 6k to 10-11k target, i'll short from there.
bull run is over for now. 6k inc.
SPX making lower lows entering optimal trade entry short zone here. short sell entry 2020-2050 stop loss 2081 take profit if 1800 breaks = 1230-1580 if 1800 fails to break = 1890
the spx looks like its forming a nice short sell or at least take profits on longs here @ 2100 area.
looks to me like usdcad is about to rip up to run stops @ 1.32-1.321 then sell off a few hundred pips or more. im looking to short 1.32-1.321 with a stop at 1.3229. great set up. if i can get a good enough entry near 1.306 or better with a tight stop ill trade the long entry up to 1.32 target.
usdcad blew out old highs from 2009, hit 200% ext im shorting 1.312-1.316 with a stop @ 1.319 looking to catch a home run on this trade.
bounced off the .21 fib. the long term trendline looks like its about to be tested. if it breaks i wouldnt be surprised. im long from 218 okcoin
usdcad is at the top of a buy model. price is ranging while market makers are unloading the longs they bought much lower and are opening up shorts. i am short and ill be shorting bounces. looking for first take profit long term targets between the 2 red lines illustrated below.
looking to long oil 42.5 to 44.3 long term target $87