WELL HE IS SURE KEEPING EYES OFF OF TESLA STOCK, WHILE ALL ACTION IN BITCOIN AND DOGE AS YOU CAN SEE PREVIOUS CORRECTION HELD SUPPORTING RISING TRENDLINE AND BOUNCED UP WHILE CURRENT CORRECTION BROKE ITS TRENDLINE & NOW GOING FIRST TO $506 THEN POSSIBLY LOWER TO 430
The next big trade is and will be rising ETH vs BTC, where it can easily double in value to reach previous 2017 highs and easily surpass it now w the whole BTC being an energy hog narrative starting to surface, as more and more companies will start making the switch themselves. What if they become equal in value at some point? from 07 to 1 think about that !
WAVE A - 11 DAYS TO COMPLETE WAVE C - ONLY 3 DAYS SO FAR THUS TIME CORRECTION WISE IT IS STILL NOT COMPLETE WILL LIKELY FOLLOW SIMILAR PATH TO WAVE A WITH CONSOLIDATION IN THE MIDDLE OF THE WAVE BEFORE MORE DOWNSIDE
NZD MOVING NICELY INSIDE THE CHANNEL IT PRODUCED MANY TRADING OPPORTUNITIES VIA TREND LIKE BREAKOUTS WE ARE FORMING YET ANOTHER ONE RIGHT NOW IF TREND PERSISTS UP AND WE TAKE OUT THE TRENDLINE THEN WE WILL GO LONG
USDRUB finishing up the triangle formation, with more impulsive wave to follow.
Bullish flag targeting 1890 is forming, a little more consolidation inside before breakout
GOLD - Intraday Short Idea - sell pullback and rejection from the trendline resistance.
200 MOVING AVERAGE PROVIDING SUPPORT TODAY BUT SHOULD BE SHORT LIVED UNLESS DAILY CLOSES ABOVE THE TRENDLINE WAVE C IS STILL ON GOING AND LOWER LEVELS ARE EXPECTED
AMD trade idea - once we see a close below neckline we can sell to ride the daily H&S pattern to 48$
As price approaching small support level we can produce a little bounce pullback which will allow us to get into the short position to target major support area
Whether we do one more leg up to complete B or we put the top in for B in place we still have to go down in wave C - the trend line will be key to catching that move!
price needs to break trendline and close below it on 4H basis to confirm this scenariofor a scalp short trade to 47000
USDCAD finally entering YEARLY support zone which should at least produce a temporarily bounce
WE ARE HAVING ANOTHER BULLISH/IMPULSIVE WAVE UP FIRST STOP 133 THEN 134.
- WXY correction has completed at 1.17 - New bullish momentum is strong w/ Fridays break of 1.2150 & daily close above - We now target 1.2270-1.23 area should not get below 1.2050
THIS IS A TUTORIAL VIDEO WHERE WE EXPLAIN PRICE MOVEMENTS USING WAVE ANALYSIS AND FUTURE PRICE PREDICTIONS BASED ON FIBONACCI AND WAVES. WE TALK ABOUT WHY PRICE DID WHAT IT DID, AND WHATS GOING TO HAPPEN NEXT INCLUDING WHEN AND HOW WE ARE GOING TO GET INTO ANOTHER LONG POSITION. CHECK SIGNATURE ON THE BOTTOM FOR MORE INFO.
Weekly Elliott Wave count points to a completion of a major wave around resistance, which points to some weakness to come before more upside in weeks to come.
Bitcoin major impulsive wave ended in ending diagonal (as indicative in 3 wave structure in the overlapping 1-2-3-4-5 diagonal) and needs to complete its ABC zigzag correction.