Bitcoin just hit 8000 and is at -42% of the cycle high. I believe this is the end of the correction and the cycle bottom is in. This correction is following a similar pattern to the June-August 2016 correction.
1. Bitcoin reaches a peak, consolidates, goes sideways, and then crashes at the end of the correction on high volume.
2. Daily RSI during both correction...
Plenty of activity in the markets to start the week! AUDNZD moved nicely.
There was an opportunity for a short on the second touch of the outer trend line (reversal high test followed by bearish engulfing candle on the 4HR chart)
D - Still a couple of hours away from the close but price is in an overall valuable area as it is just after the third touch within a...
We can see, 4th wave correction ABC, expanded flat at 4th wave which is a common thing to see of course with a desanding volume!
we can see a bullish divergence in the RSI as well, so all the dotes point uptrend right now.
Hit me up with questions, here at the comments and I'll do the I can to answer as fast and good as I could ;)
In today's #marketinsights video recording I analyse #USDCAD and #USDCHF
#CAD Supported by:
- By Drone Attack and #WTI surge
- Weaker Dollar
#CHF Supported by:
- Weaker Dollar
- Safe-haven flows on tradewar headlines
*Should be weaker following #SNB's downward inflation outlook revision
Head of Investment Research
This analysis is...
SPX500 is currently now in the ABC that compounds the 4th wawe.
Probably it will go at least till the Fibonaccio 38.2%, that in this case is around the last relevant low.
After completing this C leg and the correction that completes the 4th leg, SPX500 will try to develop the 5th wave of this impulse. Let´s see if they can reach the histocal highs again, and...
Gold still more downside to go. I am looking for a bottom in the July trading range. The Fib 61.8, 50, 31.8 all come in those ranges and there is a lot of strong support there. Whats probably going to happen is Gold will continue to go down until the FED resumes its rate cuts, which it will. Then I October there is also potential for Negative news with trade...
According to my elliott wave count we have completed 5 wave cycle and we have entered a correction phase since btc met 14k. Because of that as wave 2 WE CAN NOT FORM A TRIANGLE and it is not a triangle. Everyone calling it a triangle, may be it's not!
So what now?
Now we started a wave up and then a retrace to golden ratio and from there a brief appreciation to...
Hello friends! Today I want to describe about my thought about Money and (Dollar) and Bitcoin!
I am neither a economist or 10+ years experienced trader, but just I AM BITCOIN ENTHUSIAST!
#1 What is money?
In a capitalist world, you can't live a moment without money. We love money sometimes. Would love of money be to blame? Or is it foolish to ignore money? Or is...
Last week I presented two options " The first is that the S&P500 has completed classic symmetrical triangle. It is a continuation pattern, meaning that the move going into the triangle will continue. In this case it was the move from 3029 DOWN to 2822 that was the initiation move. Assuming SPX2939 was the top of the b-wave, then simple symmetry targets: 2939 -...
Welcome fellow Tradingviewers,
This analyses is only showing you guys my vision on LTC and should not be considered as financial advice. If you agree or find this analyses usefull, dont forget to leave a Like!
We have taken a close look at the LTC/USD and LTC/BTC graph. We have seen huge gains in the beginning of this year due to the block halving that LTC went...
Hmmmmmm! So, I was charting and thinking... Is it possible - considering the difficult time the S&P is having breaking through the long term up trend - that it simply stays in an ascending channel underneath the trend until it reaches the all time highs, and then DROPS like a ROCK? I think it's entirely possible. Until (or IF) the up trend is broken through, I'm...