Good morning Traders! On H4 chart, the pair triggered a beautiful rally by developing a bullish impulsive structure (12345), having said that, our analysis says that the structure could be completed and therefore it should be logical that some corrective structure appears (ABC, for example) in the short term. With this in mind, it might be interesting to try...
I am back with updates. Bitcoin once again is within a quite important range (between Monthly and weekly PivotPoint, yellow and red), and also already once failed a breakout attempt. Tendency from here would be simply more down then up, knowing that this is not really tradable right now, due to the fact we all know Bitcoin has alot of surprising potential....
Hello Traders, GBPUSD fell into complex corrective pattern. This week Pound find support @ 1.2655 level and could not brake the previous week high. I am looking wave C of B downside upto the support level of 1.2605.
Hello Traders, USDCAD stuck in between 1.3250 to 1.3550 region almost 3 months. AS per my point view this is corrective structure for this year starting free fall. Short term downtrend will continue to 1.3200 to 1.3155 levels. In this ABC corrective structure wave B gng to complete @ 1.3200 to 1.3155 region, And then we can expect impulse wave C upside.
BINANCE:BTCUSDT BTC meets key resistance at $7630, as mentioned in lastest analysis, from now a small retrace is expected. This retracement, is also called as a 'dead cat bounce', might push BTC to $8100 area to finished fourth wave, will following by a massive sell off that might end up at $6700 (Fibonacci 38.2% level) or $6000 (Fibonacci 50% level) in panic...
As stated in the previous post, bitcoin is, in fact, bouncing back and will likely see $8100 and even a wick to $8200. If it does go above that I would be surprised but anything is possible. A 4-hour candle closed below the uptrend parallel channel but the daily candle closed well inside of it. I still believe that the uptrend CAN resume within this channel but...
Just a quick look at COINBASE:BTCUSD on the 3DAY and the normal consistent corrections in a BTC bullish run, the pullbacks allow for the advance on to the next level. Also, they shakeout the weak-hands. Profit both ways. You can be bullish and be in a bull market and short.
Hey everyone, Details in the chart. Look up the Money Flow Index indicator if you're not familiar with it. It's a very effective indicator on the daily chart - basically combines RSI and Volume. Expected Price action of this ~35% correction is outlined roughly in magenta color, along with the expected MFI movement. Target of correction is around the $6,000...
After the bearish opportunity confirmed due to the intersection of Tenkan-Sen with Kijun-Sen which heading the price downward under Ichimoku cloud at 109.471 , while the Stochastic index recording an overselling which is predictable a profits gain can occur in form of a bullish corrective wave.
"Those Who Do Not Learn History Are Doomed To Repeat It." Qualcomm is mimicking the Chart Pattern it took during 1999-2000. QCOM just spiked over 45%, similar to the meteoric rise it experienced during the Dotcom bubble. The correction that Qualcomm is experiencing will reverse quickly after Chinese impose their retaliatory tariffs. (June 1st) So...
Is Apple in for a big downward move? If the current wave is an ABC from 12345 up (End 2018 to start May 2019), then we are probably in B of ABC down. Crossing Red line around blue arrow would make this analysis doubtful and at 200 level it would be improbable. If it is correct we will see Apple at around 165 before meaningful bounce back. On an even larger scale...
Buy after this small corrective wave is broken or a sharp downside is possible then buy..
It all comes down to this correction here. How deep we go will be able to tell us if we will find new lows once more. If we Correct no lower than a 0.382 of "3rd" wave, and particularly hang around the 0.236 before moving higher, then IMO this is without a doubt an impulse and we have likely seen the bottom. IF we break lower and find our continuation of trend...
Hello Friends, Slight adjustments were made to this chart that I had previously published. However the point remains the same and thus nothing changes but a few minor adjustments were made as explained below. I noticed after the fact that I was missing the first wave correction fib. Also noticed that my fibs moved slightly, must of bumped clicked and they...
FX:GBPJPY Monthly Analysis Bearish Shark Pattern Target 0.886 Corrective Wave (ABC) Potential Bullish Gartley Advanced Pattern AC 0.618-0.886 BD 1.272 Potential Bearish Gartley Advanced Pattern AC 0.618-0.886 BD 1.272 Potential Bullish Shark Pattern 0.886 (unconvincing a-c?) Potential Hidden Bearish BAT Pattern 0.886 (Weekly Timeframe) Support and...
BITFINEX:ETHUSD Weekly Analysis - 1 Hour Time frame Potential Bullish Shark Pattern 0.886 Potential Bullish Butterfly Advanced Pattern 1.272 Expanded Flat Corrective Wave (ABC) Support and Resistance Levels Moving Averages Fibonnaci Retracement Levels Hope for the Best and prepare for the Worst This is an update from previous weekly chart...
BITFINEX:BTCUSD Weekly Analysis - 1 Hour Time frame Potential Bullish Shark Pattern 0.886 Potential Bullish Shark Pattern AC 1.13-1.618 XD 0.886 Expanded Flat Corrective Wave (ABC) Support and Resistance Levels Moving Averages Fibonnaci Retracement Levels Hope for the Best and prepare for the Worst This is an update from previous weekly chart...