BTCUSD seems to be in a pullback phase of its second setup bull leg. The first bullish impulse leg got retraced around 85%, same retracement level applied to the current bullish leg lands us around $3200. Judging from the previous behaviour of this pair, if its historical dynamics are repeated, the ultimate demand area can be expected around $3500-$4500. If the...
GBPJPY is currently recovering, however in corrective fashion from the lows, which points to the fact that more weakness may be in store for the pair. We are observing a w-x-y correction in progress, with possible resistance, and reversal zone near the Fibbonacci ratio of 0.382/0.50 (129.96/131.02 area)
A drop in impulsive fashion, and below the lower channel...
I've put together three ideas for BTC on the larger TF now that I have been made aware of the BLX historical BTC data and can get a count that makes sense. In fact, I can get three counts that make sense... all with relatively the same outcomes until the end, where they will drastically differ.
First idea, BTC as a regular impulsive series for all of...
Ethereum as already started its C wave down with a clear 5 waves down. In the short term it should bottom here and do a wave 2 retracement.
I think its front running a btc decline thats setting up around the end of the month (see my btc post). Crypto mkt is setting up for a final washout C wave.
Stay nimble and frosty !
The price is at 1st support zone and there is a accumulation zone for next Impulse. If the price breaks the lower trend line and 1st support, then you can accumulate more LTC for cheaper price at its 2nd support zone.
Don't buy 100% at once, Invest by 3:3:2:2 laddering strategy.
Accumulate as much as you can before BITCOIN halving. But make sure the price reach the support zone and then BUY. Don't BUY when the price at resistance zone. Every time after BTC halving the price goes up and create new All time High. Next Bitcoin halving is on MAY 2020. Expected price at least 52000 analyzing with fibonacci extension of 1ST Impulse after...
The Resistance level and triangle pattern have been broken and as wave ABC, the C wave is currently going on. Small correction is expected before final impulse.
'BUY' after the 4th wave, please make sure 4th wave is the correction (BULLISH FLAG)pattern. Once the bullish flag's upper trend line broken, go for LONG and catch the full 5th Impulsive Wave.
GBPUSD turned nicely to the upside from the 1.238 level, where a bigger, bearish cycle may have ended. Current rally can be evidence that a low can be in place, and that more upside may follow. At the moment we are observing a five-wave rally as part of wave A in the making, with possible resistance near the 1.257/1.259 region.
Once wave A fully...
Just an alternative idea to the diametric idea - as I was going through this, I realized it isn't clear at all which case makes more sense, as both seem to fit very well.
We could be in Wave-2 of a larger impulsive series, currently on Wave-A of Wave-2. I would expect Wave-C of Wave-A to end at $7100 before we head into Wave-B, and hazarding a guess...
I've put together another two possibilities for BTC based on what we've seen in the past little while - one bullish and one bearish case, but both extremely dependent upon what we are currently doing.
This looks like BTC is forming a triangle at the moment (so far we've seen 3 and 3 monowaves for A and B, wave-C currently looks like it will follow...
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Tendency Overall Bearish.