After rising around the bottom at 6,400 USD in Dec, 2019 and passing the resistance areas at 7,800 USD, 8,200 USD, $ 9,200 USD, and $ 9,500 USD and reached to around 10,500 USD BTC looks like entering the correction phase rather than a short correction time like we saw recently when BTC increased because the volume recovered weakly and the price broke the support...
If structure is respected, price should swing lower.
This is a long term prediction of the USDCAD monthly chart. I am expecting the price to finish the horizontal cycle to the downside and retrace 50% of the impulse wave using the Fibonacci tool. This is my probability for the USDCAD pair on the LONG TERM!
Zclassic recently bounced off the 112k satoshis and went sharply up, reaching 145k level, where it has rejected the 50 Moving Average. Since then price was bouncing off the uptrend trendline and today broke above the downtrend trendline as well as the 50 Moving Average once again. ZCL/BTC reached the resistance at 135k satoshia and went down bouncing of the...
Folks, I came to the realization last night and this morning of two things. Firstly we have formed the predicted head and shoulders and we now have a 1000 point potential drop from the neck line which is around 9k ... so 8k for this next wave. Second is, the waves from 9.99k down to 8.98k and the back up to 9.4k just confused me. I don't want to bore you with...
Expanse formed a bullish divergence on the RSI oscillator, while it found the bottom at $1.18. Price then broke above the descending channel, but stuck around the $2 mark. The RSI is in the overbought zone, which could result in a small corrective wave down. Nevertheless the bullish momentum seem to be gaining the power and the price could shoot up any time. The...
Bitcoin now going to $12000, and bad corection is on $10000
Fords been trading within a range for some time now. This is a basic ABC FLAT/ a more complex 5 wave pattern. The C wave doesn't have to break the low before going for the next impulse. Lets see if we breakout or take a for the channel lows!
we are now in a corrective wave after break this corrective wave we can looking for a good point to buy eurusd . look at the short term at eurusd
Traders! What's up? Lookin' like a textbook flat forming here on GU. I'll be looking to go long next week! I will watch for a break to the downside for an expanded flat, but as of right now it appears to be respecting the lower structure! Setting up for impulse 5! :D Thumbs up if you agree, and comment some feedback! I appreciate you ;) Thanks for checking it...
In my opinion gold is moving up temporarily AB = CD however, BC = DE. It means price of gold will soon be pushed down to ~1000$/oz.
If the correction is over looks like a good move up. Will wait and try and buy on a pull back if price retraces!
AUDUSD finally gave up, making this impulsive incline from wave 2 lows to wave 3 highs completed, as we now see a reversal unfolding in wave 4. That said, we expect to see more upside after this a-b-c pullback is completed in wave 4, ideally around 0.73392-0.73924 area, where previous wave fours, can act as a support, thus a reversal towards higher levels....