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Elliot Wave analysis usually works in 3–3-5 meaning ABC-ABC-1-2-3-4-5 movements.
This method is used to accurately predict trend continuation and reversals.
The chart above shows the replicated move for Elliot wave...
We have a clear recognizable pattern of bearish flags, if BTC shoots up higher I will have stop loss @$39,500 using reverse grid bot with leverage.
Overall if we see the continuation of bear market below EMAs and RSI divergences, I foresee this playing out as bull trap after bull trap. Ultimate target for take profit is $28.5K while catching the Fibonacci swings...
We have hit the “bottom” according to Bloomberg, however to reclaim above $40K our beloved Bitcoin will need to see some massive volume, and the long-overdue healthy retracement to complete the Elliot Wave cycle. Beware of the bull trap that is this cliffhanger right now!!
I’ve been analyzing the trends of BTC and have been using leveraged reverse grid bots to make money while she goes down. Target price is $34k-$36k if we pass by the $38k minor support. As my peers have mentioned the volume and support around $34-$36k is healthy and will support further uptrend. If we can break $47,000 that will signify bullish pattern. Currently...
Safe-haven currencies rose up in the currency markets as trade doubts dominated the market. The uncertainty came after reports suggested China was becoming hesitant to strike a deal with the US.
The Japanese yen, which is a safe-haven asset, gained 0.1% to 106.79 per dollar.
The Chinese yuan, suffering from trade war tensions, lost more than 0.3% to 7.1356 per...
With all the GBP strength over the last several days it probably seems crazy to think/talk about shorting GBP I'm going to do it and you can't stop me. I've already made some good cash buying EURGBP this morning, GBPUSD is next on the chopping block. I want to see this move 100'ish pips higher then i'll be looking for some short term trend line breaks to sell. ...
