Check the chart for the long term target. Should hopefully see some solid movement with this pair come London. EURNZD won't be too far behind.
Hey Everyone, BSV has been running at snails pace over the last few days while BTC have been having a small wave party... where we all got an invite. It was fun as now we can buy more BSV as it is just about to take off. So breaking down the chart, BSV moved in triangle patterns, each and every chart develops it's own pattern and forms a pattern memory from...
Hi Traders, The AUDUSD seems to be completing a large three-wave ABC zigzag pattern labeled blue. . This pair reversed from a resistance level and broke out of ascending trendline that lined up with a key support level labeled wave (i). . Currently, the price has broken out of sub-wave (ii) corrective chart pattern (dotted channel) after retesting the swing...
Fast move to top of current range. Stochastics turning up and the parabolic indicator implies the start of a move higher. For Elliott Wave,, could be a wave 5 of 3 of 1. Any EW experts here? If follow through on heavy volume comes in, some gaps above 15 and 16 need to be filled
Here's another macro look at Bitcoin. - We have dropped to the 4200 level on Coinbase as predicted in one of the scenarios of the previous macro analysis. - We also had a spike fakeout upwards on CME expiration day due to Tether FUD - described as a possible violent move in the previous analysis. A Recap of key recent events: - Tether FUD (dropped to 0.85$)...
5 waves completed. Target fib 0.5 (Price: .7745) Stoploss just above the .2 fibonacci.
We just had our pump as expected. 300 brave whale HODLers lead by King Leonidas himself are defending the narrow 6K passage to prevent Bitcoin from spilling. Sadly, they will all die for nothing in the end. Project Phoenix has been initiated to revive the up trend once again. Let's review further options for Bitcoin. Key Dates: - Friday or July 27th - expiration...
Not advice literally just my thoughts to see when I am right or wrong Please do not use this as advice.
Good day traders, For the record I’m bullish on this market based on my other ideas. There are too many bullish indicators both fundamentally and technically for me to be bearish. However, we know there are bears among us so let’s take a look at the possibilities from a bearish point of view. Based on Elliott waves, we know we may have already completed the...
If you are not in the trade right now, don't worry wait for a flag then enter the trade. Only enter the trade when there s a flag and it passes 85.7 point.
After a weak death cross of ichimoku MAs Bitcoin has fallen through the thin ozone layer of the ichimoku cloud support on H4. Now we are trying to climb back but the cloud's resistance has a flat bottom which means that we're likely to bounce down. We can move a bit further inside the cloud to 9450 (50% retracement) and get rejected by the ichimoku trend MA. If...
Some reasons why I am long: On the RSI we have made 3 new lower lows while the price has made higher lows which are bullish signs I have a count that we are in wave 2 of the major wave The MACD is upticking on the histogram and is bouncing on a support Not advice I am just using this for my own benefit to see how bad I do :) Target $11500...... ish
As you all may know in my previous TVC:DXY analysis I shared a bearish trap in the weekly analysis , right now TVC:DXY is in a Bearish flag consolidation at our 4H chart and a Bearish Butterfly Pattern. Also you can see that TVC:DXY is losing strength in MACD and RSI indicators divergence indicated in chart, therefore is a good time to go selling short...
After hitting bottom of 2146 stat in March that signaled the completion of the Primary Wave 2 (white). If Elliot wave count holds we should be on our way heading up for Primary Wave 3. Within Primary Wave 3 we will have many smaller Elliot Waves. I believe that we are currently in a smaller sub wave (yellow) and just hit the bottom of wave 4 after hitting...
Storm saw a very bullish runup and is in correction phase right now. In the chart you see a clear ABC corrective wave, after which a new impulse wave failed, describing the whole as a double elliot combo wave. After that it failed another impulse, now regarding the structure as a triple elliot combo. For a buy i would wait for the retracement to the 0.236...
Since the misfire with the conference of cryptocurrencies LISK, where the main event was to show a new logo, the price is slowly but surely overcoming successive levels of support. The last important level was $ 12.00, which was also stamped. Currently, the price is closer to the level of $ 10.00, which falls already in the demand zone. This zone extends between...
I'm watching tomorrow for an early break below today's low of 270.19 by SPY. If so, the pattern above should be confirmed and we could see the SPY at 266 to 267 range fairly soon. I may purchase SDS shares (2x short fund) if this happens (and we don't just open tomorrow substantially lower/near the target) and ride them till SPY hits 267 for a quick 2%+ gain. ...
The price of BTCUSD has hit the projected target zone and now the scenario is really simple: either we will impulsively rally towards the new highs or we are going down to $5,920.