JacobButlerTrading

JacobButlerTrading Dec 4, 2015

Overall oil looks to be headed down but there is a possible buy opportunity. There is divergence in the MACD indicator and a ending diagonal. This could be the start of an upward trend for oil but it's too early to say. Upside potential between 500-800 pips depending on how long the breakout takes.

JacobButlerTrading Dec 3, 2015

Looking the trade the upward impulse of the current correction. Buy the breakout of the trendline. Potential impulse up to 128

JacobButlerTrading Updated  Nov 26, 2015

The bitcoin consolidation is reaching its end. I'm looking to sell the impulse down. TP is 1750. SL is 2120.

JacobButlerTrading Updated  Nov 5, 2015

GLD looks to be entering an uptend. Currently at a buy point with the final sell price of 116. Stop Loss 107.50. R/R Ration of 6.9.

JacobButlerTrading Updated  Nov 3, 2015

BTCUSD is pushing upward. 400 seems like a reasonable correction point.

JacobButlerTrading Nov 2, 2015

SPY seems to be reaching the top of its channel with a probable pullback in order. Expect a wave 4 down to at least 199.55, possibly 196.

JacobButlerTrading Updated  Nov 2, 2015

We seem to be in a corrective pattern on BTCUSD. Possible short entry at 334-335 with profit at 303-304. Stop Loss/Reverse at 340. We should also, buy the breakout. Could go to 400.

JacobButlerTrading Oct 31, 2015

Triangle Pattern is likely to break up to continue bull push. Will watch test of support around 321-323 closely. Could start retracement down to 295 or more.

JacobButlerTrading Oct 22, 2015

I see a lot of hopeful analysis that predicts bullish behavior in the coming months but I don't see that playing out. The RSI has never risen above 60 (except to clip 61 for two days) which indicates the downtrend may be continuing. Also, a loose, but still viable, bearish Gartley seems to have appeared. Upward momentum seems to be dried up and the test of the...

JacobButlerTrading Oct 22, 2015

Price seems to have hit a wall at 15.60 after the bullish cross of the blue 7-month long resistance trendline. Momentum is waning at the moment but OBV is increasing and MFI and RSI are both extremely bullish at the moment. I expect a retracement to the support line and then a punch through to 16.60.