Bitcoin USD: rebounded after hitting downside targets!

Bitcoin USD: rebounded after hitting downside targets! Bitcoin made a key P&F chart reversal, and the next new upside target is 19050.

Bitcoin USD: Hitting downside P&F chart targets!

Bitcoin USD: Hitting downside P&F chart targets!

Bitcoin USD hit the 14700, then 13800, then 12600 downside point and figure chart targets!
Consolidation well underway! Need to see support to identify next targets!

Looking at the daily P&F chart, the next downside target is 11500!

Bitcoin consolidating after meeting targets!

Bitcoin consilidating after meeting targets!

Now its range bound in trade after meeting the upside targets of 19650 zones.
There are a few downside targets to keep in mind on the P&F  60 min chart.

Downside risk remain to next P&F chart target of 14700.

Keeping an eye on key P&F chart reversals to signal new trend.

Big Picture Market Review

Good morning Investors.

I have done a few updates on the Dow, S&P , FTSE and Dax on twitter today!

https://twitter.com/MullerRichard

Happy trading

Regards
Richard

BTCUSD Bitcoin consolidating after P&F chart reversal!

BTCUSD Bitcoin consolidating after P&F chart reversal!

After a strong rally, BTC make a key P&F chart reversal, dropped 2100 after the P&F chart sell signal, and is now fighting for support at 16750 support zone, and old high from the previous rally. Looking very closely for the next P&F chart signal at these levels!

FTSE Futures: FFIc1 trading between a range with the top end cloud resistance!

FTSE Futures: FFIc1 trading between a range with the top end cloud resistance at 7484, and bottom cloud support zones of 7427/7418. Last week it lost the battle to find support at top end of the cloud! This zone at 7484 is a key resistance zone! The index has been trending higher since the MACD buy signal last week. 

Xetra DAX futures gapped up to cloud resistance zone!

Xetra DAX futures (FDXc1)gapped up to cloud resistance zone!

Dax futures close to top end cloud chart resistance zone at 13257. Need a breakout past this level!
Reversal risks remain!

The DAX rebounded from cloud support, and is now at a key resistance zone! Looking for either a breakout here, or a consolidation at this resistance zone!

Bitcoin USD hit both upside P&F chart targets!

Bitcoin USD hit both upside P&F chart targets of 19350/19650 recently. Next target is 20100, but a key P&F chart reversal remains a risk.

FTSE Futures: FFIc1 lost the fight for support at top end of the cloud!

FTSE Futures: FFIc1 lost the fight for support at top end of the cloud!

Top end cloud level is new resistance zone! Downside risk towards 7395, and possible the bottom end cloud level of 7365!

DAX Futures lost the fight at key resistance zones!

DAX Futures lost the fight at key cloud chart  resistance zones of 13184/13257!

Now fighting for support at bottom end cloud chart support levels of 13018. with downside risk to 12897!
Watching for potential rebound at key support levels if support comes back in!

Bitcoin BTC: Updated point and figure chart price targets!

Bitcoin BTC: Updated point and figure chart price targets!

• Here are the updated P&F chart targets on the 60min P&F chart.
• Upside targets are: 19350/19650/20100.
• Downside targets are: 13800/12600.
• Watching closely for either a breakout towards the upside, or a breakdown of support, then we heading to the downside targets.
• Looking out for the P&F chart trade signals next to trade these targets.
• Current P&F chart trend is up.

Bitcoin USD Price Targets Webinar on 14th

Dear Traders

I will be discussing the updated P&F chart price targets on the 14th at the:
Round the Clock Trader - Crypto Currency Special Event.

Register at this link: Crypto Currency Special Event

Hope to see you all online.

Regards

Richard

http://www.metastock.com/alphaharvest

Bitcoin BTCUSD: 20100 Next point&figure chart target!

Bitcoin BTCUSD: 20100 Next point&figure chart target!

• Bitcoin grinding higher, with a cluster of upside P&F chart targets, 19350/ 19650/ and 20100!!! A Key long term target! 
• Steady grind higher, but beware P&F chart reversal risks at 450 to the downside, could mean a consolidation in trend. 

Bitcoin BTCUSD: Fighting hard to get past 16666!

Bitcoin BTCUSD: Fighting hard to get past  old high of 16666! Need a sustained breakout past this level!

• Front cloud support is at 13250. Consolidation risks remain high at these elevated levels!
• Critical this week for a sustained rally beyond the 16666 old high resistance zone!
• MACD signal remain positive despite BTC being extended from the cloud!

FTSE 100: On its way to fight resistance at top cloud levels.

FTSE 100: On its way to fight resistance at top cloud levels 7469/7520!

Bottom of cloud level is new support zone!

Xetra Dax 30 Index: On its way to fight cloud chart resistance!

Xetra Dax 30 Index: On its way to fight cloud chart resistance!

After rebounding from key cloud chart support levels at bottom end of the cloud, cloud span B, its now heading towards the top end cloud chart resistance zone of : 13285!

Bitcoin BTCUSD: On its way to test resistance at 16666

Bitcoin BTCUSD: On its way to test resistance at old high of 16666. Need to see a breakout past these levels! consolidation risks remain close to this old high resistance!

Bitcoin BTCUSD: Reversed higher after a key consolidation!

Bitcoin BTCUSD: Reversed higher after a key consolidation when it met the 15500 P&F chart target. Next target is 16750 in the current rally.

BTC is up by more than 1500 since the P&F chart buy signal after the most recent consolidation!

Bitcoin BTCUSD: Mush needed consolidation taking place!

Bitcoin BTCUSD: Mush needed consolidation taking place!

Much needed consolidation taking place after a strong rally. Front end of the cloud is a key support level in this consolidation at 12613 support zone! Rebound potential at these cloud levels!

Bitcoin USD: BANG! It hit the 15500 P&F chart target!

BTC Bitcoin USD: BANG! It hit the 15500 P&F chart target!

Big day today for Bitcoin, it just hit the 15500 point and figure chart target activated at the breakout /P&F chart buy signal back at the 7500 buy signal level! Bitcoin is up 8000 since then!
Consolidation risk remain high at these levels now that its met the target!

Trend remain up for now until we get a P&F chart reversal! Short-term consolidation risks remain very high!

Bitcoin marching ahead to 15500 point&figure chart target!

Bitcoin marching ahead to 15500 point&figure chart target!

The next long-term point and figure chart target is 15500 on the (250X3) point and figure chart. But beware reversals of 750. Should see consolidations on its way up towards that target.
This market has now met two recent other long-term targets.

Looking at the 60 min Ichimoku cloud chart, the front end of the cloud at 12000 zone is the new support level for now.

S&P 500: Need to see a follow-through of upside momentum here!

S&P 500: Need to see a follow-through of upside momentum here! Front end of the cloud is a key support zone at 2613, and the old highs of 2597 is another key support zone!
Market could test these levels and then rebound, expect a slow grind higher towards the year end.
Strategy: Swing trade from support zones!

Dow Jones 30 Index: Need a follow-through after this breakout!

Dow Jones 30 Index: Need a follow-through after this breakout!

So far so good, but now need to see a follow-through of this breakout. Front cloud level of 23814 is a key support zone to watch!

Critical week ahead for the Dow to maintain upside momentum. If not, then the index is expected to dip back towards old highs to test for support!

Xetra Dax 30 Index fighting for support in the cloud!

Xetra Dax 30 Index fighting for support in the cloud!

Bottom of cloud, (cloud span B) is a key support level that it tested. Potential swing trade rebound from cloud support levels!

Downside risk remain towards the 12700 zone, but watching the 12798 support level very closely this week!

FTSE 100: In trouble, trading below the cloud!

FTSE 100: In trouble, trading below the cloud. Bottom of cloud at 7380 is key resistance zone!
Currently fighting for support at old cloud support levels of 7295. with downside risk towards next key cloud support level: 7215! Watching closely for a short term rebound at support levels.

GBPUSD: Rally getting closer to major resistance!

GBPUSD: Rally getting closer to major resistance at old highs of between 1.3615/1.3660 resistance zones! (360 points in this rally since macd buy signal)
Profit taking at resistance zone!

Xetra Dax: Fighting hard for support at top end of cloud!

Xetra Dax: Fighting hard for support at top end of cloud 12900 zone! If support holds, should see a rebound here.
Downside risk towards the bottom cloud support zone of 12800!

FTSE100: In trouble, lost support at key cloud level!

FTSE100: In trouble, lost support at key cloud chart support level of 7380, at the bottom end of the cloud! Next level of support is at 7295. Price action below the cloud, and that is overall negative for the market from a cloud chart perspective.