Bitcoin will take 2017 with storm. The fundamentals is definitely there, and we have a perfect cup & handle in the making. Final Target - 11,000 CNY. Fundamentals: Europe Big political and economic uncertantity in Europe after events like Brexit and the Italian referendum. There's a populist anti-establishment wave going on in Europe and that's really bad...
Despite the volatility, It probably won't do exactly as I have drawn, but for the mid-long term my direction bet is up. Segwit implementation incoming and brand new dev has taken control, Romano.
On the long run the Dollar probable will reach the 105-106 zone before the real downside comes up . But it will take time and spikes there to be admitted. main support up 101 , down 100 up 104 and than it goes ugly .
A solid support that goes back to 2000-2001 was broken in 2016. Current price action is consolidation before what I think is lucrative short opportunity targeting 0.85 eventually. Entry: 1.0700 - 1.0850 Risk (SL): Above 1.1100 Targets: TP1: 1.0340 TP2: 1.0000 (parity - strong psychological level) TP3: 0.09608 TP4: 0.08530-00
I think gold will back to the blue zone in a month or more
My Happy New Year prediction. A possible bullish scenario for Bitcoin until the summer of 2017 based off Gann lines. Gann lines got a lot of respect in 2016, acting as support and resistance at pivotal(!) moments. (8 I extrapolated the rally of June 2016 (the halvening - dum dum duuuum!) and applied that for the first semester of next year. Using Gann and...
After reaching the target and surpassing it with great force, NEM / XEM is demonstrating its power and protagonism. I even encourage to say that it will be one of the main cryptos this year. Of a healthy, gradual and progressive behavior, it is an ideal long-term investment. It is very probable that with the fall of the BTC (orange line) successfully exited the...
After seeing so many patterns, charts, own mistakes in the counts, the only thing I really realized is that the whole life of the BTC formed a Cup & Handle pattern, perfect.Seldom seen. In the middle of consolidation, we now turn to C (corrective wave) and last within the handle. And this is where almost all traders have the doubt about the time and value that...
Hello, folks! After monitoring the whole situation since 9 hours, it seems like Mondays are blessed days! EU shorts are forming right now and there is plenty of room for everyone to GO SHORT! Yes, EURUSD is going short for the next 200 pips! Updates will follow! prntscr.com
After a 61% retracement, GU retests high for reversal pattern downing to past the 61% retracement level w/ a retest of prior support turning to resistance around the same area. Possible reversal at the 78% or at the 100% confluence level. Off either retracement level: TP 1 = 61.8% / TP 2= 38%/ TP 3= 23.6%. Going past TP1, move SL in profit off a new found support...
EU attempts to retest supply zone around 1.0811. Reversal pattern in the zone with break and retest out of supply zone may confirm a downtrend to around 1.657. Potential Short swing for 150 pips. LETS SEE HOW THIS GOES!!!!
Time will put my theory to the test.
This is a zoom of the handle and its possible and total consolidation phase before the breakout. At this point we are on the way to forming B. Once formed, the trend will become bearish to reach the corrective wave C. If we have the knowledge or the luck of knowing that is definitely and finally marked the C, there will be a change of trend and will be the ideal...
By forming an ascending triangle pattern and through the Elliott's waves and retracements levels within it, if it breaks now it is very likely that it will fall on being overbought and not be a good deal. If you perform a retraction to the E wave, prepare for a breakout of magnitude. Thanks for likes and follow! Nice trading
Talking Points: CrudeOil Technical Strategy: Buy on dip Elliottwave Count: Breakout confirmed. W-X-Y or sequence of impulse wave on reversal Analysis CrudeOil (CL) is able to break corrective cycle yesterday at 52.64. After breakout, it showed a five wave move towards 53.45 where it met monthly pivot resistance. We were expecting short term set back from...
Talking Points: DXY Technical Strategy: Keeping bullish outlook but temporary correction due Elliottwave Count: Nested impulsive count, wave 4 correction is due Analysis DXY (Dollar Index) is trading impulsive in post election session and able to break channel resistance. As per our last analysis, we were suspecting corrective count towards 100 level as...