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Long position BRAZILIAN REAL !

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A double bottom is formed following a single rounding bottom pattern which can also be the first sign of a potential reversal. Rounding bottom patterns will typically occur at the end of an extended bearish trend. The double bottom formation constructed from two consecutive rounding bottoms can also infer that investors are following the security to capitalize on...

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₿ottom Line : Searching for a low. Outlook : Until ₿itcoin can recover above $41294.95 , it continues at risk of new lows for wave (4) . Analysis The decline to $28915.01 earlier in the last week was in line with the idea the fourth wave correction from the all-time high had not ended. While the low of June 22 tagged earlier cited support in the ...

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ACCUMULATION > Fase D

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Analysis Bitcoin is currently trading at its best highs since January 2018. Allowing for temporary setbacks, the trend should be pointing higher, ultimately towards a challenge of the December 2017 bull market peak of 19764. For additional reading on the subject, the article is the purpose for which we wish to share it with you all here www.wsj.com

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Wyckoff’s Schematics The Accumulation and Distribution Schematics are likely the most popular part of Wyckoff’s work - at least within the cryptocurrency community. These models break down the Accumulation and Distribution phases into smaller sections. The sections are divided into five Phases (A to E), along with multiple Wyckoff Events , which are...

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Phase D The Phase D represents the transition between the Cause and Effect. It stands between the Accumulation zone (Phase C) and the breakout of the trading range (Phase E) . Typically, the Phase D shows a significant increase in trading volume and volatility. It usually has a Last Point Support (LPS) , making a higher low before the market moves higher....

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USDJPY (long-term) $ vs ¥ The market has been moving sideways since a bullish impulse in wave ((A)) finished. It seems like a wave ((B)) is taking the form of a triangle . So wave C of (D) is finished. If correct, the market should continue to decrease towards the pattern’s lower side to a wave (E) , in the coming months.

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USDJPY (long-term) $ vs ¥ The market has been moving sideways since a bullish impulse in wave ((A)) finished. It seems like a wave ((B)) is taking the form of a triangle. So wave C of (D) is likely underway. If correct, the market should continue to increase towards the pattern’s higher side in the coming weeks.

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GBPUSD (long-term) $vs£ As you can see on the chart above, it seems like there’s an ongoing extension in wave (3). Wave 4 might have been in place, so wave 5 of (3) is likely underway. If correct, the market should break the high of wave 3 soon. The main critical level for this scenario is £1.3484 . Broadly, the market should continue unfolding a bullish...

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EURUSD (long-term) €vs$ There’s a downward double zigzag, which is supposed to be wave (2). Previously, we have a massive advance in wave (1). In this case, we might be at the early stages of wave (3) of ((C)), as shown on the weekly chart above.

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Dollar Index A third-wave decline might be at the early stages It seems like a wave (2) might have been in place, so we could be at the beginning of wave (3). If correct, the market should break the low of wave (1) in the weeks to come. At the same time, we can’t rule out that wave (2) might be a little bit longer, possible as a flat pattern. We will...

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WAVE 5 in progress! The best time to buy is now! I'm LONG / BULLISH position. I expect that $XRPUSD will rise up. This would mean that RIPPLE will gain more value against USD. What is the right way? Looking for relevant timeframes, with patience and planning, NO DESPERATION. No one goes into the market thinking they should buy at the high and sell at the...

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Bottom Line: Bullish against 310.95. Key Levels: Below 370.83, 310.95, 315.36 Above  488.12 Outlook: Expecting ETH to recapture its 488.12 high and beyond. Analysis: The break above 460.02 signals the fourth wave triangle consolidation discussed yesterday is complete, and the further move above 468.42 today puts Ether back on track to challenge the next...

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Bottom Line: A third wave rally is in its early stages. Key Levels: Above 280.33, 324.90, 337.64 Below 133.74, 204.46, 231.43 Outlook: Higher in a developing third wave advance against 204.46. Analysis: We continue watching for evidence a small second wave correction is at or near an end. Key support for our outlook is 245.59, with critical support at 231.43.

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Bottom Line: Higher against 60.40 in a developing third wave at larger degree. Key Levels: Below 60.40, 74.01, 86.59, 116.55  Above   135.08, 162.42 Outlook: Against 74.01, Monero should continue higher within a larger degree third wave advance. Analysis: Yesterday's comments still apply: "Monero is little changed, although the 109.69 low has stayed...

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Stellar - Daily Bottom Line: Higher against 0.1192 ; in a developing (iii) wave at larger degree. Outlook: Against 0.0667, the focus is on higher in a developing advance, wave (iii) of ((iii)) . Analysis: We're watching for evidence a $XLM ended its wave ii correction at 0.0726 . A break above 0.1008 would bolster that outlook and setup a...

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LITECOIN - Intraday Update - 12/11/20 (Short-term) Outlook : Expecting LITECOIN to recapture its $93.159 high and beyond. Breaking above $86.970 ; is the next upside objective for the bulls. (Fist a Bullish Evidence) Analysis : The break above $93.159 signals the second wave consolidation is complete, and the move puts LITECOIN back on track to...