Hey all, I have been pretty busy lately and found the time to give you all an update! After visiting $445 we revisited the bottom of the triangle at $400-405 which strongly held as no sellers were to be found to take us to $320. Bears failed and Bulls won that last round. Which leads us to a big potential for the megabull cycle to occur on March 25-27th as we make...
Reasons for action: 1) Pitchfork lines commonly act as support/resistance. 2) Above 10 114 begins a selling zone. 3) Price has yet to re-test the middle line of the down-sloping pitchfork. 4) We are still inside of a working down-sloping pitchfork and as the price rises, so does the probability of bearish mood.
Seems to me that bulls were a bit hasty first time we tested the buying zone and not everybody had a chance to get in. This can of course be viewed as a presence of strong bullish mood by those who are willing to long below 5 990.
Full credit initially for this chart goes to JoeBu on Trading View. He was kind enough to share his initial chart with me. This is an updated chart following my last chart on the failure of the megabull that occurred after January 15th. This chart is my predictive forecast on the occurrence of the next Megabull cycle after our latest failure at the double top...
GOLD down to 1180-90 Area again - Swing Trade - Febr. March 2016 For any questions, please don't hesitate to leave a message. Thank you.
I believe that DAX will hit critical buyers somewhere between 6 and 5 k, so there is a good way left. However we are now extending past the latest swing low, this movement cannot continue forever and should be exhausted by the time we reach 8 200s. In other words we may expect a surge back to 10 100s, where DAX should find more powerful sellers before it gets...
That is where I think we are now. We`re in a quite similar fractal of the "small" rally of 2012. As you might remember, that rally took place a few months before the halving, after a long bearmarket, a situation strangely similar to where we are now. My prediction: I think we´ll slowly rise back to 450, build a plateau at 450-500 and stay there stable for a few...
After a false breakout, followed by an acceleration to the downside, we briefly found ourselves visiting the red area (50 %) of the fib retracement. Essentially I took it as a clear sign of a dying bullish trend, but just like in every classic case we now made it back to the yellow area (23,6 %) before continuing to fall. The fall itself I expect will begin shortly.
Could fit a ABCD pattern (maybe XABCD). And reacts well on the fib. I am short until it breaks out of the pitchfork. In my opinion it seems next year to be very bearish, if all the fundamental aspects are against us. Like a lower price on oil. If the market have a bad respond on next week news, it can get disastrous. Give me your comment on how you see 2016 :)
List multiple possibilities. Of which the most likely marked in blue. I also have another "extremely" simplistic chart about the BTC market in 2016, which has a slightly differend opinion. (related idea)
I couldn't find an easier and more simple way to chart than this.
A simple look into the next moves that could be coming for the AUDUSD pair. The holidays are keeping the fundamental aspects away so I dont expect to see much movement until after the New Year Celebrations. Then we could be looking at a downwards move towards .72000 and perhaps even further towards .7100.
follow the violet arrows which indicate the trend. the purple and red arrows are corrections or short term trends. the end 2016 price level is just a guess which may also be 800 or 4000. A target prize level far below that is unlikely due to the reasons below .. as before it is clear that the market cap is a result of the global Bitcoin activity or number of...