Spot-on market analysis and insights from the trading desk

Latest Forex & Crypto Trades Updates: ETH, NEO, AUD – All in the Money!

In my last workshop, during the live market analysis segment, I picked out a handful of trading opportunities, which I later shared in my FREE FB Group as well.

 

 

 

 

Here are some other trade calls made by me and my trainer inside the forum on Cryptocurrencies.

We hope that last week was an excellent week of profits for you too, and let’s get ready to hustle this week as well! 😀

How this Simple Chart Predicted the Bitcoin Crash – When Is a Good Time to Buy Again?

Last week, we spotted a few major warning signs on the chart that Bitcoin was going to have a large correction, and I also shared them in this free FB discussion group. This group is one of the fastest growing communities on Cryptocurrencies, and we are planning to use it to provide free education and trade signals.

 

Looking at the current chart, we have seen a rough 25% correction, and I think there might be another leg of correction before the major trend resumes upwards. For those who managed to close their long positions to avoid this correction, as well as those who are waiting on the sidelines, this could be an excellent chance to get in once the correction is over.

My new trainer (the crypto expert) and I will be sharing more this Tuesday at the last workshop of 2017, and do some live analysis on the various cryptocurrencies.

See you there! 😀

[New Video] How to Profit from the Upcoming Segwit2x in Bitcoin

In mid November, there is a major event called Segwit2x for Bitcoin which will present a rare once-off opportunity to profit from the cryptocurrency market, especially if you are still on the sidelines and have missed out on the big run in cryptocurrencies in the past few months.

In this video, our crypto trainer, Jun Hao, has done a detailed analysis on past major events to identify which coins have the biggest potential for the largest gains, and where you should be putting your money before this major event.

In addition, we are in the midst of building one of the largest communities on forex and cryptocurrencies, and we would like to invite you to join our free FB discussion group for more daily updates and trading opportunities: https://www.facebook.com/groups/livetradingnetwork/

Market Analysis & Follow-up: Gold, USD/CHF, Bitcoin, S&P 500, etc

Recently, there has been quite some movement in the markets on various asset classes, and we have been following them closely.

In my last “Trading Foundation Workshop”, I gave 2 live calls, namely to go long on the USD/CHF, and short on Gold. Here are some charts:

A nice double-bottom breakout pullback shows good odds of a reversal

Turning down after hitting strong resistance

 

In my workshop last night for my TMP graduates, our analysis revealed that there was much strength in EUR & GBP, while there was weakness in CAD, CHF, JPY, and especially AUD and NZD. This means that if you follow the trend, the odds are good for going long on most EUR and GBP crosses.

Break of trendline followed by break of resistance levels

 

Last Saturday, during my talk at the “ShowFX Asia Conference” at MBS, I also shared some analysis on Bitcoin and its direction, and why I think it will continue to head up.

Glad to share the stage with fellow speaker Stuart McPhee, who is a famous Australian trainer who used to train for OANDA. #showfxasia

A post shared by Spencer Li 🇸🇬 Synapse Trading (@iamrecneps) on

Lastly, for the S&P 500, many people have been calling for a big crash based on the “10-year October cycle”, but the price has continued to defy gravity and kept on drifting up. However, based on chart, I think it will take one of these 2 possible paths. Either way, the reward vs. risk is not ideal for taking long-term long positions now.

Note: the red bar denotes the month of October

I hope you have managed to catch some of these exciting moves in the market, and till we meet again, trade safe, and remember to follow all the cardinal rules of trading.

Cheers!

Bitcoin Hits New High Above $5000 – There Will Be Another Buying Opportunity Very Soon!

Just yesterday, Bitcoin hit a new high again, breaking above the $5000 barrier, and bringing double digit gains to all those vested.

While there has been much speculation on this fundamentals of this cryptocurrency, it was actually a pretty familiar pattern for those used to reading the charts. I will explain more in the chart below, and show why there is going to be a good buying opportunity really soon.

Trade call and chart posted on our official Synapse Trading FB page – before the breakout!

 

If you look at this chart of Bitcoin, you will see that the majority of the price bars are green in colour, meaning the buyers have always been in control of this counter.

In addition, the counter has been moving up in a series of higher highs and higher lows, which is a classic sign up an uptrend.

Which means that all you need to do is to enter on dips in the price, as explained in my previous article.

 

The next question of course is how far can it go, and for this we can use the breakout projection technique, which would give a projection of about $6500.

But here is the exciting part: In such a breakout, especially at a key number, there is a very good chance (not 100%, but high), that the price will pull back to test the $5000 region again.

Yes, you heard right. If you had missed the previous move, hopefully there is another chance. I will be waiting to add on to my positions.

If it goes from $5000 to $6500, that is a gain of 30%, which is way better returns than buying any stock or REIT. And it could happen in weeks/months.

I will continue to monitor this counter. In the meantime, trade safe, and win big! 😀