Update on my SECULAR EUROUSD Short. After having clearly failed to break the secular downtrend channel at 1.2500 I continue to stress that EURUSD is overbought, both technically and by the record number of long option contracts. Please do not get caught long EURO and continue to sell on bounces. I trade it daily and been trading it for ages, obviously I rely on...
Well,has been tough these last two days. After I have been shorting Euro like crazy it rose more than one figure. That hurts!!!! But I still stick to the fact that we have a major top and remain short. I post the weekly chart and that blue line you see comes from the Monthly chart and I pulled it from the very top. It is the secular downtrend line. My point is...
Hi all. Back again with my idea that BiTCOiN is living a classic BUBBLE burst and I maintain target minimum to 3000 (unfortunately even lower, or fortunately for those who sell). Previous comment from other users point out that the daily chart shows that the downtrend is still intact. I insist on saying that Bitcoin must be sold on any pullback. While 8000 remains...
If you have seen my Friday post on Bitcoin my next target is 3000. Continue to short Bitcoin. and don t Buy. The Bubble is unfolding and break of major support 8000 (need daily closure confirmed) will sparkle the first sign of panic, another LEG DOWN this week
I have been asked to specify with price levels the next targets of the all mighty Bitcoin. I would not say it is easy but given the formidable rise in the past and since technical analysis is all about studying historical prices, well there are very few interesting levels to analyses. So I picked the daily chart (Weekly chart is the typical Bubble chart which was...
Want to see a scholar BEAR FLAG? EURCHF has a beautiful one on the daily chart. And it broke last week, so I would look for the pullback to initiate a short because the target is quite far as it coincides with the start of the said flag. I delimited the flag with the 2 blue trendline. This is also the first serious support below spot level....Is a new trend...
Just sold EURUSD and the target is rather close. 1.2388 which is Asia LOW. But It looks like Europe will challenge it so went short FULL CAPACITY as after that there is a nice drop potential of 60 pips. The EUROUSD is ridicolously high from a MACRO perspective and my WEEKLY chart is heavilo short with a huge divergence building up on the RSI, this is without...
BiTCOiN ?!? Well.... well..hummm...not so well in fact for the all mighty King BiTCOiN . The closure of Friday suggests another wave of sales...with a little 50% down target (these are performances normal for cryptos and not only towards the upside). While pushing the forecast for a drop of 70% in 1 month. So I would definitely continue to sell the Futures on...
