Hey guys , im checking xrp today and it seems like the bear market could have been over on that last push , i see a wedge forming on lower timeframes with good divergence. I'm buying some with invalidation point at red line and see what comes up. Cheers!
The moves look pretty messy but i believe eurusd will fall for another leg down to finish the current sequence Divergence is present on lower timeframes and the wave count suggests another leg down before a bullish breakout The bearish leg can be bigger but im setting usual targets for a normal C wave. Cheers!
Decent options flow in this name. Would look at OCT / NOV. 150-160. $EW
hey guys , i am counting GBPJPY today and i see it has another leg downwards to complete a bearish cycle sequence. There is decent divergence already on this last push which i believe to form a wedge soon (cant really tell) The rest is up on the chart , cheers!
Hey guys , i was checking usd index for the latest move and this move up doesnt really seem complete to me , despite the bearish sentiment i see on tradingview around it i believe it has a little bit more room left on the upside. Please note the break of yearly resistance from the which this move down would be seen as retest as support then uptrend...
Hi guys , i had to review my wave count after this strong bull run we had , it has impulsive look and it didnt break the low yet showing divergences. I believe thats the first leg of bull market , invalidation level is the red line , any ticker below the last low around 5.800 zone would invalidate this count. Possible however remains the triangle X (green)...
Hey guys , i was counting this move downwards as fifth but it just looks too small , im bearish today for FOMC event on EURUSD , lets see how it plays out! Cheers!
hey guys , i was reviewing my count on gold lately since the failed triangle idea i posted earlier , i was expecting a bullish impulse C wave but it didnt look right. After some time i found out what's going on , we got a consolidation Wave B in triangle Formation on Intermediate Degree , with one swing left inside. I expect a bullish move to complete the last...
Hi guys , i checked this stock and the upwards movement is structured as corrective waves. Using fibs i see it reached 138.2% of preceding corrective wave therefore i believe it falls soon. Watch the price action on the green lines , price may struggle to penetrate them in such a strong uptrend momentum. If the black trendline breaks there will be more room on the...
Per my previous post on Bitcoin below, Ethereum is also getting close to a bottom as a wave 4 of larger super cycle wave 1. Wave (3) hit the 1.382 log fibonacci level of wave (1) almost to the tee around $1400, a frequent level for 3rd waves when wave 2 is shallow. i.e. doesn't hit the 61.8% retracement of wave 1, as was the case with ETH. My current...
Today I bring you somber news crypto nation, Bitcoin 0.33% has officially completed a 5 wave elliot cycle and now must, much like the prodigal son, return home for a needed rest and by rest I mean an ABC elliot wave correction. According to what I was able to find on stockcharts.com typically an ABC terminates around the end of previous wave 4, note this is...
Hey guys , i see a possible short opportunity short-term on EURUSD. I will be looking to long it if this support holds , otherwise will keep my short for any bearish trend.
Bitcoin is looking for a support right now, and I think this one might be very strong here as we have a few ideas that converge there, between 7444 and 7474 - Fibs from the last rallys, my lovely 42MA and even a cute trendline that many people is looking at. I would love to add more indicators on TV, but I have to deal with BitMEX's which is a bit worse for some...
-triangle invalid if break c -triangle valid after break d -TP normally use the lenght of triangle
Dear all, Here is what I am following on BTC currently. Two bullish patterns are in formation: - The famous Inverted Head & Shoulders - An Elliot Wave ascending triangle Both patterns are bullish are I'm confident that we now have a healthy setup to break the Bear Market. My Target profit on this setup would be the $7,700 mark. All the best from the Crypto...