Fundamental Elliot Wave on BTC at the moment. - Wave 2 did not retrace more than 100% of Wave 1 - Wave 3 is not the shortest of the three waves - Wave 4 did not overlap Wave 1 I think shorting BTC would be a good choice here due to the fact that Elliot wave principle shows a downtrend, and additionally to the Gann Fan the trend failed to breakout of 2/1...
Looking at the daily chart, LTC/EUR is currently testing a resistance level, shown both by the Fibonacci retracement drawn using the top on Sep. 1st and the bottom on Sep. 15 (it would be the 71.14%) AND by the Fibonacci fan extending from the Sep, 15 minimum to the local maximum of Oct. 15. If the price manages to break past the 72€ resistance level, LTC could...
H&S- one of many patterns playing out in the short-term. Volume movements seem to confirm pattern.
As Bitcoin is about to go parabolic, the day of the fork almost exactly pinpoints a very important desicion in time on the direction of the market.
Thoughts on potential up-move in the EURUSD. Please let me know your agreements/disagreements to this analysis. Happy trading!
What's up Guys and Gals, this is a short sale idea for Ethereum based on 3 prior sharp sell-offs over the last few months. The idea for this trade is based on the market meeting resistance at the 38.2% Fibonacci level (the entry on our potential short trade), and re-testing the 61.8% Fibonacci level (which is our profit target AND potential entry into a long...
I do not trade this but there where some rumors on the box so the thought came, lets throw some Fib Arcs and Gann Angles at it and see what happens....I should have done that sooner as it looks so beautiful. XRP for now looks like a ripple from a skedaddle from a pebble and it could come down again to go more up...R2R Enjoy (Circular Geometry) Om Sri Satoshi...
ETCBTC rally unstoppable? ETC the original Ethereum .(for more info on ETC/ETH @spacetrader ) (Circular Geometry) shows the way. Unveiling the underlying architecture or structure of the Price/Time continuum. The Golden Means Ratio is the loom on which manifested reality is woven. It is the base (Circular Geometry) which rules everything within manifested...
Target 1: intersection of 38.2 bull and 50 bear fib rays. Target 2: intersection of the 50 bull and 50 bear fib rays.
I think soon gold must to go little bit down... Becouse if we trust this levels, here is good momment for (min) correction. Let's wait few hours for that! (y) Good luck Gold traders
While I could potentially see a bounce to the upside right now in the next couple hours, it would be a very aggressive move considering the strong move to the downside over the last couple days. I think I'll be better off waiting patiently for a new short signal.
I don't think Gold will do much more this week in gains, unless it breaks out for another runaway profit run. Otherwise I would expect retracement down to at least 1266.
AUDJPY short term bounce, looking for another shorting opportunity. The AUDJPY -1.24% is within multiple downward wedges on the Daily and H4 timeframes, giving power to a suspected longer downward move. I consider it continuing downward as long as it stays closed below the .0902 fib speed resistance line. I use the same lines on smaller timeframes to establish...
We reached a very long term downward channel and tested it a couple of days ago and rejected. It is also at the 0,25 angle of the fan. I believe this is worth the risk. I give credit on this to @patelbg2001 who first spotted it.
Hey. So, pretty much Brainard (FOMC guy) drove EURUSD lower for short-term, and this is the right time to open a huge sell for a few hours. Beware of the fan I drew and RSI, they're lining up for a re-tracement soon. I'll explain and update this post as time goes by.
Long gold,approaching support ,enter when it will hit the buy zone,according with your strategy.If goes beyond that,watch closely 61.8 Fibo