EURUSD (EURO) 042418 7:50 pm. Hi trader friends, since this chart picture should replace a million words... Either the EURUSD topped or it is in a lower degree 4th Wave triangle with only one more pop up to a top, then down for 4-18 months once the top is confirmed. Whether its a triangle with one more high or the 5th Wave already top, is likely to be...
I have updated my superposition charts to reflect the channel break that we had recently. I believe that this chart is even more realistic than my previous ones as the 2014 ghost pattern (in blue) is only compressed by 25% on time frame. I think this is also reasonable as we have in a slightly faster moving market today than in 2014. So as you can see the top...
DJI have begin a 20 year cicle bull market at 2010! We will pass for two or three corrections before 2030 crash: the first at 2018 with touch at MMA50 or MMA100 (18k and 14k points). The other one maybe at 2025 and if there are two each one at 2024 and other at 2028 small correction announcing the crash. It is funny that it i very close that 30s decade. All will...
Instead of completing the potential Cup and Handle formation yesterday, the price of Bitcoin decreased further and is now resting upon the neckline of a Double Top. There have been large spikes of selling volume at a couple of key levels which have ended in pennants before the trend continued downward. These pennants may also be interpreted as miniature Double...
Head and Shoulders has formed on the 1hr chart n BTCUSD Bitfinex exchange, if we measure the high of the head to the low and then place that length straight down, we will end up with a drop to around $9200. If the bulls can't sop this slide soon we may be looking at an even lower estimate by tomorrow. ( Currently 8:30p, Australian EST or UTC +10) As always...
please note: this is not a complete trading idea. This analysis is entirely based off historical data. Many of us know that Bitcoin has seen several major correction throughout its lifespan. The last major correction took place back in late 2013, which resulted in a 90% correction from the top. The chart above shows the percentages and ratios I collected from...
As I was analyzing the price history of BTCUSD pair, I come across the Weekly chart of 2014-2015 time table. As you can see in the chart presented, when the MACD crossed, all hell broke loose! FOR A YEAR! It took a WHOLE YEAR before it recovered and then went parabolic AGAIN in 2017. Now, we're here HOPING that the uptrend continues! But truth be told, we are...
Beware of fakeout bull momentum. It is VERY LIKELY that it will correct again and provide a good entry
Looking at Channels and fib time lines it appears that we have a bearish trend on BTC before correcting and going to even higher levels. Due to FOMO, too many investors jumped into bitcoin after the steep rise from $2000->10,000 making it then double. Early bulls now have an opportunity to take their profits before years end (great for industrial money as...
ou can see in any broker that the price of NEO is falling at a dizzying speed. This is due to next factors: - This climbing cycle is ending. - Some people say it's due to a new ICO (Red Pulse) that has come out, and a lot of NEO has been sold. - Others say it is caused by China (I did not see any news about it). - ETH is coming down (the most platform vs...
Switching up from #crypto, this is the S&P 500 since 1980. Would you buy this?
If we apply Elliott Waves over SPX historical data, we are due to another crash. The reverse zone should be around SM300 if it follows previous tendencies. US Government Debt to GDP ratio confirms the problem. The first two crashes are similar because Govt Debt/GDP was similar. Now Govt Debt/GDP is 80% bigger. BTC and USD should increase value during this crash.
I am taking example of up move from 1987 to 2000. High made at end of 2007 was near 1.27% of base impulse move. Fibonacci extension of 1.27% or 1.23% is extremely important. Currently high made by price is at exact 1.27% extension of up move from 2009 bottom to 2015 top. That means we are at important price point in long term trend as we are analyzing the...
Salut readers/followers, As seen in the chart, DASH has had a fantastic run breaking amazing new all-time highs in a very short period of time. The growth has been beyond most expectations- showing exponential movement on the upside. As noted; the crash cycle is absolutely perfect. A double top resulting in a drop, with a denial yet to come. Be aware! Trade...