Even bigger buy opportunity incoming than we had on Monday. Eventually I'm looking for a breakout of 1.1060 to head up to 1.1210. Once we get there I will re analyze. It could dip as far as 1.09 today but I think there will be HUGE demand in the lows 1.09s. Currently RBNZ press conference. I'm not listening but I'm willing to bet they are discussing forward...
Chart speaks for itself. These setups are significant for multi year tops and bottoms. Its that simple, look at any stock or currency. But wait for a bearish monthly close to confirm.
Please see the monthly logarithmic chart as well. This can cloud the potential buy zones as its showing very bearish signals. I will link it here in a moment. Also the "2009" style price would actually be around the $20-25 range. Not $41-$48 but that is still a potentially great zone. It's funny, the market players use "rumors" and "signals" to shake players out...
Great buy zone for tight stop loss entry. Who cares if I get stopped out 3 or 4 times As long as I catch the bottom I will profit 20 times what I risked (add to winners)
Putting a lot of capital towards this bottom. AUD will appreciate vs NZD by 4-5% at least in early 2014. Good luck.
Finally back to my roots. Feels fantastic. I've increased my account over 500% playing silver long and short since 2011. This doesn't include other trades. I literally will downsize my life if silver reaches $14.50 to $12.75. Half of the wealth increase from my downsize in lifestyle will go into physical metal and half will go into a tight stop loss...
HH RR Entry (1 to 10 or even 1 to 20) Most people have no clue how to do this stuff. Even those who consider themselves seasoned in divergence trading... It is rare I come across those who know what the hell this chart means. If you do, congrats, you probably make a killing in the markets.
Approaching my "dump truck" zone.
Two "No Brainer" Buy Zones Incoming. Commodities are by far the most confident investments I believe one can have. Even more so than currency's, commodities cannot go to zero. Stocks can go to zero easiest. Then currencie, then commodities. Commodities have never gone to zero in history. Every currency ever created has gone to zero given enough time. Many...
Been long since low 20s I think the decade of consolidation is about to end. We need to clear this crucial 37.50 and we have another 50% gain in store, at least.
Strong Price Support and Momentum Support Between the Aqua Lines
This is one hell of a bubble. It will come down soon to form a trend. Right now there is no trend, just hyperbolic panic buying. By its very nature, a bubble is panic buying. Wave 5 of the quick move is almost complete. Wave 2 of the big move will begin shortly. I'm not saying don't hold your Bitcoin for long term.. I'm saying you may want to consider taking...
Long term this is going to the freaking moon. Short term it should correct within a day or two. Short from 471, might add one at 490 To be short means you are betting that the price of BTC will go lower by selling BTC and buying USD... You can't short it in the traditional sense, so always hold a core position of BTC on dips. Then "short it" by simply buying...
Too much bubble. Great technical setup for a short. Short 471 Stop Above 500 Might add another short at 490/495
Nobody can actually do this with 100% accuracy. It's more just to keep my mind on the big picture. I'd say the rally up to $35 is a 95% chance of success though, once we bottom between $18.25 and $14.50. From $35, I'm not really sure. I'll have to see how the momentum plays out, but my guess is that it will GRIND higher through the major resistance levels up in...
Technical rebound only. Longer term I think bearish trend is starting. Call it voodoo I guess I don't know what to call it. Market will either go up or drop sharp to major support and then up.
I smell a bubble be careful of a bearish close as it can bring some nasty selling after this kind of a move. However it seems we have a huge amount of liquidity being pumped into bitcoin. Its actually almost like a real market now, and it's becoming more and more tempting to trade. GL and be careful.