Bitcoin BTCUSD A potentially positive pattern forming with clear moves up from the c wave. We are currently looking for confirmation of an a/b or c, which would then suggest a decent thrust up. Using Fibonacci, 19936 is the first level to watch. Ethereum ETUSD A very similar situation on this chart. Looking positive with… Continue reading Trader Update 1st November 2022
Category: Multiple
Trader Update 25th October 2022
Bitcoin BTCUSD Dithering and nothing happening. Odds of it being successful are reduced. A much sharper move taking out the high would improve the likelihood of success, true 3rd wave stuff. Ethereum ETUSD Looking more promising than the Bitcoin Chart, but only slightly. Looking like a possible 4th wave. Gold Pretty much unchanged. Could be… Continue reading Trader Update 25th October 2022
Trader Update 17th June 2021
Bitcoin Analysis 30996 There are 5 waves up in an ABC formation. Having seen this a week ago, maybe less I said that we should be worried about the level around 41318 where a C wave would equal A. So if where I indicated an ABC at 0:44 in the video. This would mean (what… Continue reading Trader Update 17th June 2021
Trading Update 3rd June 2021
Bitcoin BTCUSD Looks like we have a triangle on Bitcoin, and we could have a breakout on the upper trend line which is encouraging to an extent. However, there is more resistance ahead. There is a peak around 42990, but there is a possible impulsive pattern forming. I explain the the wave count at 1.12… Continue reading Trading Update 3rd June 2021
Trading Update 2nd June 2021
Bitcoin analysis ABCD waves in place, target for E-wave trading around 39 -39200. There is a possible wave five shown at 0.38, however it appears a bit flakey around (where marked) at points 1 & 2. Still looking for confirmation and looking pretty negative. Ethereum (ETHUSD)We have wave 5 in place, so on this one… Continue reading Trading Update 2nd June 2021
Opening Report – 20 September 2012
More fairly quiet expiry action yesterday with expiry now due tomorrow. 1. UK FTSE 100 FTSE closed yesterday at 5888 up 20 points with the spread betters now (05h00) quoting it at 5868 (-20). FTSE continues to flirt with triangular resistance and still nothing to question the uptrend. We remain 50% short via the ETF… Continue reading Opening Report – 20 September 2012
Opening Report – 18 September 2012
1. Introduction A quite day on the markets yesterday with Krautgap logging a small profit. The sideways action is actually forming a re-test of those key triangles on the DAX and FTSE and with the trend still clearly up, I intend to buy either a buying spike or a break to new highs (via Xtreme… Continue reading Opening Report – 18 September 2012
Elliot Wave Theory – 13 September 2012
When I first started out in the “trading” business I used to swap newsletters with Robert Prechter who writes the ‘Elliott Wave Theorist’. I then managed to upset him, I believe by calling him a lucky monkey, and he then used the lucky monkey piece in his promo without giving me due credit which did… Continue reading Elliot Wave Theory – 13 September 2012
Opening Report – 11 September 2012
I am staying in Hua Hin at the moment. I think it is fair to say this is Thailand’s premier beach resort as the Royal Family have a palace here – I’m certainly impressed with the place even though I got thrashed on the Go Kart course yesterday. Anyway I was having dinner with a… Continue reading Opening Report – 11 September 2012
Opening Report – 19 July 2012
Expiry action continues and markets moved up yesterday. If we look at FTSE it closed on Friday at 5659. It then spent Monday and Tuesday going down around 40 points and has now rallied to take it up around 40 points from Friday’s level. However other markets have been far more positive with the DAX… Continue reading Opening Report – 19 July 2012