douglasaa

douglasaa Updated  Nov 20, 2019

SELL IT!

douglasaa Nov 12, 2019

long

douglasaa Nov 4, 2019

TP1 139.2 TP2 138.6

douglasaa Updated  Feb 25, 2018

LTC tried to close below the EMA26 for two days in a row however got rejected and a tweezer bottom candlestick pattern formed, indicating a reversal of the short term bearish trend. It is has now closed above the EMA12 on the daily chart for two consecutive days in a row. This signals a continuation of the uptrend which coincides with the release of litepay....

douglasaa Updated  Feb 23, 2018

BTC is currently sitting near 10k. If it breaks under 10k, this would validate the descending broadening wedge. Looking to short to 8.9k and then enter a long position to 11.2k Trade 1 - Short Entry - 9965.7 TP1 - 9603 TP2 - 9049.8 Stoploss - 10410 Trade 1 - Long Entry - 8963.7 TP1 - 9863.7 TP2 - 11129 Stoploss - 8285.5

douglasaa Updated  Feb 23, 2018

Expecting a pullback to the EMA12 on the daily. Should be a fairly short trade. Reason for the trade is the formation of a pattern I have found very reliable over the last two months, that occurs on dumps. Two triangles, one finishing with a lower low and the next with a higher low than the last. It is accompanied by bullish divergence on the RSI. I am expecting a...

douglasaa Updated  Feb 17, 2018

Trade validated if BCH manages to close above the EMA26 for the 2nd day in a row. A close above $1440 (17/02/18) is a bullish signal and in the past, a 2 day break and close above the EMA26 has usually been followed by a 25% run up. TARGET 1 - $1997 TARGET 2 - $2400 STOPLOSS - $1421 If the price closes below 1440, remain neutral.

douglasaa Updated  Feb 16, 2018

Waiting to go long again from the 50% retracement of the move up (target price $197). 50% stoploss at $175 and 50% stoploss at $167. First TP is $268. Idea is invalidated if we have a break of $238 with a new volume spike and an hourly close above $238

douglasaa Updated  Feb 14, 2018

A close above $155 (13/02/18) is a bullish sign as this would mean that we have closed above the EMA12 for two days in a row. This happened a few days ago however the price was pushed back down but not below $142, forming a double bottom. I believe that this signalled the reversal of the trend. This is further validated if BTC closes the day above 8700 (EMA12 for...

douglasaa Updated  Feb 9, 2018

If it gets there. Bearish divergence forming on the higher timeframes, may see a bull trap before further downside. Will update with targets

douglasaa Updated  Feb 8, 2018

I see evidence of distribution going on at current price levels

douglasaa Updated  Feb 6, 2018

Back to the bottom for one last capitulation push. Shorting at 7.8k with take profit at 5.8-6k. Looking to go long after that

douglasaa Updated  Feb 6, 2018

Should see a bounce from 5700-5900 to 7.8k

douglasaa Updated  Jan 26, 2018

Reasoning: -Bearish divergence on the RSI. -Low volume, bulls were unable to break this resistance twice on higher volume. -Was unable to sustain the break above the top of the ascending triangle and price quickly crashed below 11400. -Overall bearish trend and strong resistance area. I am expecting the ascending triangle to break down and result in a retest of...

douglasaa Updated  Jan 18, 2018

Bitcoin is currently in a rising wedge. Looking to close longs/short between 12500-13000 followed by another elliot wave cycle down to about 8.8-9.2k. A break above 13k could signal a break of the overall bearish trend and should be accompanied by an increase in volume for confirmation before buying.

douglasaa Updated  Jun 16, 2017

GBPUSD SHORT POSSIBLE Leading up to the BoJ interest rate decision this month, the GBP rallied against the USD and the pair formed a top just above the level of $1.278 USD per pound sterling. This provides an opportunity for a reduced-risk shorting opportunity. The outlook on this pair is bearish as the dollar index (DXY) is in the progress of making a recovery...

douglasaa Updated  Jun 16, 2017

Keep a very close eye on the UK political news over the next couple of weeks if you are looking to trade this pair. In the event of a tory leadership election to oust Theresa May, I have reason to believe that this would be short term bearish for the GBP due to the increased uncertainty. This happened last year during the post-Brexit Conservative party leadership...

douglasaa Updated  Jun 15, 2017

Bullish pennant forming on GBPUSD. Strong resistance at 1.277, look for entries at around 1.278 and then set a trailing stop to break even. Initial SL @ 1.27400. If it breaks the resistance and holds, it should function as a strong support. TP could easily reach 1.28138 and above. Candle needs to close above the upper trendline for this setup to be valid. Happy Trading.