EURJPY has managed to break below the channel correction impulsively now.
We see price pullback and potential forming another continuation structure.
This is a good indication for further bearish price action to come in
I would be patient here and wait for a continuation correction to develop and complete to look for the next bearish...
Eyeing USDCAD for the bullish price action to come into the market.
We see the latest price is currently forming a corrective structure near the bottom of the HTF swing lows.
Currently price is still in the correction, so dont jump into yet. What we want to wait for is a clear breakout from this correction, and look for continuations.
Looking at AUDCHF now for the sell setups.
WE know price has rejected this HTF double tops, and formed this ascending channel.
LTF has shown us a strong pushed down out of the structure, which is a good indication for further downside if we get the right price action.
Look for continuation correction now for sell entry.
Looking at EURAUD now on the lower time frame to wait for bullish price action.
We see the latest price has fall into a potential reversal correction after a move down.
This is a good indication that the bearish move may not resume, and we can get some short term bullish move to come into the market.
Now the price has managed to break above...
Looking at AMZN now for further upside potential.
We see that strong bullish impulse up, and price being to form the larger deeper correction.
This is a good sign for continuation for the price, as we see the structure develops into a triangle/pennant after seeing a bullish push up.
I see 2 scenarios for the buy, either price can break out now...
If we take a look a monthly timeframe we can see the same Candle Stick Pattern on 2018, the big correction begins the next month... remain 7 days to close January Candle Stick, wait for confirmation and get short 🤑🤑🤑🤑🤑🤑
Elliott Wave analysis on DXY resulted in following targets:
+ 16/12/2020 23:00: reached TP3 1.768fib retrace (90.128)
+ 06/01/2021 03:00 Ranged a bit lower to 1.8943fib (89.209)
+ Only higher lows & higher highs since 06/01 !
-> EW TP4 1fib retrace (95.716) on track
-> EW TP5 2.272fib retrace (86.461) on track
hows relation between bitcoin price and usdt dominance ? everytime usdtd goes down btc go up , usdt dominance go up btc goes down
theres a strong support for usdt dominance that if price react to it it will be hard and crypto may dump more than 20%
im gonna watch 2.37 level to see how it reacts .if it breaks we wont stop soon
Historically the weekly EMA 20 has proven itself to be a good place to buy bitcoin in bullruns. Will the WEEKLY EMA 20 serve us again in revealing the bottom?
Find out in the next episode of Bitcoin to the moon.
(Note: W EMA 20 will be around a price point of 20-25k)
The wild growth of AAVE has finally come to an end. Whether this is a temporary halt or the beginning of a global correction is still unknown. However, the purpose of this idea is short-term speculation . So let's look at an interesting scenario in which we can catch 20% of the price movement.
As you can see in the chart, the AAVE price is now breaking the...
Facebook is preparing for wave C and Price has formed Expanding Triangle at point B,
wave E has started Breaking Expanding Triangle,
we will expect wave E to Break Triangle. ABC correction will be "Flat".
Parallel channel is also giving confirmation about wave C
Looking at NEO on the bullish opportunities for the buy.
We can see price has already formed a LTF correction, and we have a confirmed breakout from the LTF.
This is a good indication that we are resuming the bullish trend after the correction.
I would now wait for some sort of continuation correction that will develop on the LTF to look for...
Focusing on BTC's lower time frame price action for the next buy entry.
We have seen price made a massive bullish push to the upside, clearly we are in the bullish trend now.
Recent price action had a strong pullback, taking out many traders in between.
However, the latest price is once again giving us bullish price action...
Similar like AUDJPY sell, we are seeing the similar bearish price action on NZDJPY.
Price correctively move up to the double tops area, and form an ascending channel correction.
Good indication that we are about to see a bearish reversal price action form the market.
Understanding price can still correct within the channel,
so the best entry...
GBPJPY for the last few weeks were not on my watch list due to the previous swingy price action on the LTF.
But now what we are getting from the market is shaping up for the bearish sell setup.
We see price correctively move up within ascending channel, and hitting the top of the LTF channel structure. This is good indication we may see some...