Wave Cycles for MT4
Identifies cycles derived from every major high and low and automatically paints them on the chart for you.
The ANGLE of the cycle gives you a roadmap into the future as to what type of move one can expect.
The steeper the angle the greater the tendency for a market to rally/decline rapidly.
Hey there again,
This time i wanted to share a more clear #fractal analysis. This time with easyJet stocks. Analysis based on Fibonacci and time Cycles.
This is the first image, based on a 1 month time frame. Ill try to keep the track in less time frame and keep you guys up to date.
Just a reminder, fractals are similar among time but not equals so is just a...
Let's take a look at a bigger picture of BTC moves.
It appears that a long run up must end with a bit of a 'rest'.
Normally, it is roughly a 40% (of the size of the run up) reduction or so the past dictates. The past year's events of this nature were circled on the chart.
It appears that last year it was also around June.
Interestingly this price reduction would...
The trading setup is coming on the third propagation swing.
There was no dagger formation at the bottom of today's fall (1.330) that could inform for entrance into the long. That's why I'm waiting for getting the price back to 1.3290 on the inside wave and buy after the formation of the dagger and RSI confirmation.
If I missed the entrance on 1.330, then the...
Beginning of last year everybody was talking about ADA and that it will be next ethereum. I remember how everybody was talking about it, although it was just released and had absolutely no fundamentals besides Hope.
Enough to move a market this high. Now look where we are at. Nothing was backed by this optimism besides the hype it didn't deserve at that time....
It is possibly very optimistic, but Bitcoin having bottomed is more likely than Bitcoin seeing new lows.
If Bitcoin settles below 0.5 it becomes very dangerous.
If Bitcoin settles below 0.618 it is a very serious sell signal in my opinion.
This is what I foresee in BTC/USD in terms of long-term market cycle trends between now, the next halving (currently projected to be on May 27, 2020), and the halving after that (currently projected to be between March 2024 and June 2024).
The dotted lines mark past halving dates as well as the projected 2020 and 2024 halving dates.
Bitcoin market cycles have...
FOllowing on from last week's short position on EURAUD, after the new that came out yesterday, I am expecting continued AUD strength (same as my other trade for AUDUSD)
I do expect this to fall in the coming days and add to my existing open position.
Thanks for looking
Duncanforex.com coming in 2 weeks.