The second idea I had around Oil was that we're in a flat in Wave-2. This would mean a very long correction is still to come, but we will see some upside soon.
See the links below for the other ideas.
Not trading advice.
Very hard to say anything mid term or even short term with whales market manipulation and the very uncertain bitcoin future at the moment. BTC gain in popularity but not so much on customer, much more on guys who want to make money.
I think maybe we will need to master nuclear fusion before any crowd movement for BTC but BTC could die before, who know the impact...
As I stated Sept. 27, Bitcoin very much is in a clear downward trend on the USD weekly chart. Tellingly the recent massive breakout above the $10,000 range didn't hold on the weekly. The two scenarios are still intact. So either BTC will breakout of the triangle and downward trend or it will be stuck in winter mode and the bears will go hibernate BTC into and...
This is what I love about this graphics, we can see
how far below its lowest initial price this crypto has fallen.
Now, just for fun and to have something to think about
I place those green flags only to imagine as something possible to
turn around this massive mountain into a real 40 X + recovery.
A break below 156-ish is bearish in my opinion, and increases the likelihood that IWM will retest the bottom of its descending channel. In addition to that, the RSI is showing overbought conditions. If it breaks below the 156-ish level, I will short it via puts and look for a risk/reward somewhere in that area I noted.
Fundamentally, it all hinges on the Fed...
Bought and got stopped.
I am now looking for a retest of the lows to get in. Am seeing it make a double bottom and rallying.
I think the shorts covered. Sellers are out. Those that shorted previous support turned resistance around 65$. Time for buyers to step in.
Especially if the price goes to test the lows slowly. But the right way, not like trending...
- We see that oil in currently in a sideways market at the moment hitting a resistance line
- We should expect for oil to be bearish due to the hitting of a resistance line, however the moment while fading is not yet as strong as we might have hopped for.
- Depending on the OIL reserve news to come out on Wednesday should give us a better picture of whether or...
This is a technical analysis based on Elliott wave that maintains the initial count of a possible bullish reversal with higher lows since June 29.
As trend-based fib-extensions shows, bitcoin price have been bouncing on 0.382 range for the last 3 bullish rally's and this shall be tested once again near 6780, zone.
So, where are we right now? Everyone is acting like Bitcoin is doing unpredictable things and are getting liquidated. In this market context, which is a bubble burst, we have to keep in mind a couple of things before entering trades:
What drives a bubble burst is market-psychology and an alternance between hope and fear: an alternance between FUD and FOMO.
Long-term I am extremely bullish on BTC. However there is no denying we are in a crash pattern. Until we get some bullish signals on the daily chart I would be very careful injecting any more fiat into the market. Also,the macro movements of BTC are difficult to predict, so the important thing to note in this chart are the price levels and their significance, not...
IT's long term analyse.I think we are in the last steps of completing 2nd wave of a big Elliot Wave.After second wave complete near 6500-7500 we starting a 3rd wave to $32000.HOPE
IT just a NOVICE IDEA.