This looks like a classic SELL strategy. we have high stochastic, and the channel seems well defined as well. Sell at current and stop above $ 240 and profit near $ 220.00
The BTCUSD seems looking tired represented by the topping patterns on the weekly chart. The key is $58k support area for the decline towards 36k regression channel support. the NEW MOON phase also indicates we may see lower in the weeks to come. Strategy is sell current 62K with a stop-loss at 66k. If it moves above 65.5k it will drift likely higher. The top...
Pfizer decline may be overdone, and we are below the regression channel support. If we view the RSI lows in the past (see red arrow), and you compare this to current, it might be a buy opportunity. DARK MOON phase also indicates we may see a move upwards once again. Buy current with stop-loss 5% of share price, and take profit when a profit objective of 10% is...
Elon Mask is doing a poll on twitter, whether he should sell his 10% stock in TSLA for tax purposes. Seems good timing for him, RSI 85.0 above and similarly on weekly charts. The Stochastic is negative, and we have NEW MOON phase, suggesting SELLING at current $ 1,222 or lower, is the way to go. I feel we move lower by 25% in coming month towards $800.00 and...
We declined nicely from the previous sell strategy suggestion above 1.3800. Now we are on the other side of the fence. The regression channel has support 1.3378, and further the momentum and stochastics are showing we are near the end of the decline. Buy current 1.3430 area with stop 1.3350.
Unchanged view SELL strategy. Remain sell into rally strategy in small increments. However, stop has moved to above $ 4,855. We are in NEW MOON Phase and this is a warning for a future decline. Further, we are within a nice up-trending regression channel, and it's top is $ 4,855. Profit area is the bottom of the channel currently slightly below $ 3,000.
Looking at the Money Flow Index and STOCHS, one starts getting the feel that we may see a decline in the near future. The suggested strategy is sell current price 4,613 and take profit 4,448. this is the lower boundary of the fIB Fan channel. The RSI is overbought, but not extreme as a note.
I am changing my view point. The previously noted inverted SHS does not look at healthy as I would wish for. Further, measuring the weekly BB width , it feels we have reached the maximum width for it at current market levels. The candle sticks are forming TOP signals, and for that reasons I am not keen buyer anymore. Strategy is SELL below $ 65 k for a profit...
The USDCAD still my favorite BUY strategy. We got a regression channel with support 1.2314, and a BB support under 1.2260. RSI neutral and MACD positive. It is my suggestion to buy USDCAD between 1.2327 - 1.2376 (current) and take profit at the mid-level of the regression channel 1.2657. OIL is overbought, and any correction there would make USDCAD move...
The ETHUSD is interesting chart. The negative divergence seems clear on the chart. We have lower RSI and higher price action then previous period of high RSI and price. The regression channel has shown that ETHUSD move well within this channel. The strategy is suggested: sell between $ 4,300 - $ 4,500 with stop above $ 4,800 and take profit at lower channel boundary.
As mentioned before on a two occasions, room to the upside existed. My preferred view and still is, the stock is way over done. The Daily RSI 93.0 and weekly one is 83.0. The last time we had such levels, the correction was 50%. The current state is not an exception to that rule. We will see a large decline to correct this strong upward move, as it's to steep and...
The USDZAR always one of my favorites. It behaves well within boundary. Current short-term strategy is a SELL at 15.45-15.50 area. This would show a slightly higher RSI at that point in time. The objective of the trade will be 15.03 and 14.46. Best is to take profit 15.03 and re-sell in rally for the move towards the lower channel. Set stop-loss at 15.89, but...
AUDCAD is a nice cross to trade. The current price 0.9328 is slightly above a well-defined upward's sloping channel. It also is above the BB or into the top of it. Further, from a historic perspective, the RSI is high, and based on past price behavior, the corrections were usually around 150 points. it is my personal view, we may therefore see a decline back...
USDTRY is an interesting currency pair. It had a long run upwards and for good investor reasons. The thing is, it can really be a profitable SELL when it has reached a maximum overbought situation. My personal view, is the current very overbought RSI, and the move above the BB TOP, provides a strong basis for being short at the current level of 9.6200. The top...
The GBPCAD is developing a nice inverse Shoulder Head Shoulder pattern. The neck-line break is around 1.7055. MACD is positive, and we have ample room on the Ichimoku for upside potential. The strategy is to buy current and place stop let's say 1.6957 for an objective 1.7330.
I am still maintaining the view that we may see a move towards BTCUSD 77K. Buy current levels with stop below 58,235 and re-buy above the next stop level below. The overall potential up move calculated on the breakout inverse SHS at around 50k (rounded) remains valid. Medium-term sellers should sell into rally between 63k and 79k for a move back towards 25k.
My mind has not changed for the medium-term direction for TSLA. The current price 1025.00/share is way above the BB and it is kind of a break away GAP. The RSI is extremely high 80.9 (even though we had higher). We further have a case of negative divergence whereby the previous high is much lower than current, whilst the RSI was higher previously compared to now....
Some days back I have been suggesting a sell of GBPUSD. This is a further update on the SHORT sell strategy GBPUSD. we are in a small uptrend channel, and the current support is 1.3736. The Stochs and MACD are still in positive territory, and we have wide BOLL band. The latter suggest sell into rally. The 5-Day MA and 14-Day MA are still positive as well....