Hello Crypto lovers!
Today we will talk about Bitcoin BITSTAMP:BTCUSD !!
Bitcoin is in a strong uptrend since the beginning of 2019, but current intraday rise seems to be out of a triangle. What do you know about triangles?! Yes, triangles are corrective and continuation patterns, but they usually occur in wave "iv", so after a break out into a wave "v", we...
Hello everybody!
Today we will talk about Ripple (XRPUSD)!
As many cryptocurrencies, even Ripple made a strong five-wave rally in 2017, but in EW theory, after every five waves, a three-wave pullback follows!
Well, seems like Ripple is trading now in that big and deep (A)-(B)-(C) correction for 2018 and probably even for 2019, ideally back to around previous...
Hello traders!
We want to share with you a pretty clear bearish pattern on EURAUD.
Looking at the daily chart, we have seen a huge spike up to 1.6550 level at the beginning of 2019, which we think was the top of wave 5/C, especially due to the decline that followed later and which can be already as part of a bearish reversal!
Looking at the 4-hour chart, after...
Hello traders!
Today we will talk about an interesting pattern on EURCAD.
Looking at the daily chart, we have seen sharp and impulsive decline in 2018, which looks like a leading diagonal in wave 1, so it's the first leg away from top that can be a signal of a bearish reversal! The most important thing for us is that we have seen only a three-wave a-b-c...
Hello traders! Today we will talk about USDJPY!
After a big three-wave A-B-C corrective decline in March, USDJPY made a nice five-wave recovery that can be a signal of a completed correction within ongoin uptrend, especially after that possible inverted H&S pattern and intraday W-X-Y corrective pullback. So, if continues higher back above 111.60 region, then we...
Hello traders, let's talk about EURNZD!
EURNZD is looking good here with a nice bullish setup after a completed big corrective decline at 1.6290 level. There's also a clear inverted H&S pattern, which indicates a bullish reversal! So, EURNZD can be now consolidating within wave (ii), where ideal support would be around 61,8% Fibo. retracement, 1.6500 level and at...
Hello traders! Today we will talk about EURCAD!
Well, looking at the 4-hour chart, it's trading impulsively bearish, but in the last couple of weeks price has slowed down, which gave us an idea of a completed five-wave drop, where fifth wave was an ending diagonal. regardin EW, when ending diagonals fully complete, usually sharp and impulsive reversals occur and...
Hello traders!
Today we will talk about Basic Attention Token against the BTC. (BATBTC)
Well, cryptocurrencies look more and more interesting in 2019 after that long and big correction in 2018. So, one of those cryptocurrencies which can be showing a clear pattern and some nice bullish evidences is BATBTC.
What we see is a completed big (A)-(B)-(C) correction...
Hello Crypto traders!
Let's talk about Bitcoin Cash!
Bitcoin Cash was one of the first in which a rise occurred at the end of December in 2018. And now, it could be the first one that can complete a correction since we see both, BCHUSD and BCHBTC at important support area between 61,8% and 78,6% Fibonacci retracement!
But, the most important from EW perspective...
FX:NZDUSD The Kiwi formed a clear five-wave rally from 0.6425 lows, which in EW theory suggest more upside after a correction. As you can see, pullback was deep, but complex with overlapped wave structure and also nicely within channel range, so we assume that this was just a double zig-zag W-X-Y corrective decline. And yes, The Kiwi bounced idealy around 61,8%...
Hello traders!
We see quite clear and interesting pattern on GBPCAD.
Looking at the daily chart, we can see a clear A-B-C corrective structure with a triangle in wave B, especially after that sharp and impulsive decline and this is the first reason why we are bearish.
Looking at the hourly chart, we can see a five-wave drop away from that C at 1.7500 level,...
Hello Crypto lovers!
BITSTAMP:BTCUSD turned sharply and impulsively up away from around 3100 level with five waves into wave A/1. We have actually expected a reversal around 3000 area, but we wanted to be sure. So, five waves up suggest a bullish reversal, but in EW theory, after every five waves, a three-wave pullback follows, which may occur in January of...
Hello traders!
We think that the Crypto market didn't find the bottom yet.
BITSTAMP:ETHUSD Ethereum is bearish just like Bitcoin because we see them in a perfect correlation. As expected, it has perfectly hit our projected resistance area around 120 area for wave 4, from where we may see another decline towards new lows for wave 5. If we are right, then ETH has...
Hello everyone,
EURGBP is trading sideways for the last two years within a very big contracting range. We see that path as a five A-B-C-D-E move where each leg has a characteristic of a correction. It’s a triangle that can be coming to an end of wave B. So, despite very strong leg up in the last few days, this can be still just an early start of a much bigger...
Hello traders!
Today we will talk about pretty clear Russian Ruble. From a technical perspective, we see very interesting price action and wave structure based on Elliott Wave theory.
Let's start with Weekly chart:
In EW theory, after every five waves, a three-wave correction follows and as you can see, USDRUB is turning down after five waves up. So, we can...
Hello traders!
As you know, we remain bearish on Bitcoin and friends! (Watch Related Ideas)
So, in a quick analysis we want to show you some evidences of a bearish continuation!
On the 1st picture we can see a falling wedge pattern, which means that BTC can be approaching the end of a correction once it hit new lows and completes the pattern.
2nd picture is...
Hello traders. Today we will talk about XXX/JPY crosses, specifically GBPJPY and AUDJPY.
We have seen a nice turn down on XXX/JPY crosses, where we can count five waves of decline, so pullback may occur soon, especially if stocks bounce from support areas (S&P500 and DAX), since we know they are correlated.
We took a look on AUDJPY, which can be unfolding five...
Hello Crypto lovers!
It's time for update, right?
BITFINEX:BTCUSD turned up in an impulsive manner, where it can be unfolding five waves up away from lows, which would confirm a bullish reversal.
At the end of June BTC started to rise pretty sharply, so it's an idea that bottom can be place. As you can see on the chart, BTC already broke above trendline, but...
