Bikko_Koiwai

Bikko_Koiwai

BITSTAMP:BTCUSD Looks to be completing a bull trap and will likely drop to a $10,000 or $7,500 target before rebounding at all. Many technical indicators back this pattern up and make for a very convincing short. Bitcoin is possibly a good buy around these two targets, but definitely not before. Stay away if US GOV starts pushing for more crypto regulations. If...

Bikko_Koiwai Updated 

NATGAS has has both a strong local and general double bottom and is looking to retest 3.0-3.1 and higher before it sees 2.5 again. Strong gap up over weekend was very predictable as is evidenced from my idea last week. With both strong fundamentals (bullish report) and strong technicals (respected double bottoms) shorts would be wise to wait and watch for a...

Bikko_Koiwai

Looking at bitcoin technically with fib retracement, bitcoin began its most recent correction when it broke down from the 15k support chamber. After some panic selling broke it down through the 12k resistance it broke back up to test 15k once more. After its 15k rejection and retest of 12k there still seems to be solid pressure downwards from where it currently...

Bikko_Koiwai

2.552 Seems to be a very strong resistance point that NATGAS is refusing to push below. Despite bearish patterns this week this point has not yet been broken. With local and longer-term double bottoms NATGAS seems as though it is going to at the very least 3.0 before it retests 2.552 again. Holding UGAZ over the weekend should make for an easy chunk of change on a...

Bikko_Koiwai

Short term downtrend broken. If this avoids a double top at 59 then long oil for the next few weeks becomes a safe play. Top of this fib chamber is ~73 Bullish oil and bearish natgas in December are making this a very interesting year to trade indeed.

Bikko_Koiwai

NATGASUSD Double top testing green fib chamber rejected and dropping to bottom of yellow fib chamber. While 2.5 or below is possible it looks as though a double bottom may form at around 2.583 or so matching up with the price in February. Looking for confirmation of a bounce before riding AMEX:UGAZ all the way back up to an almost guaranteed 3.0 or so. Be...