Welcome to EBall's trader's thread. Where I analyze Bitcoin's wave count with alternatives and ultimately don't give a damn about what news causes the price action. This is a place of many updates, long threads, and the goal of making money. Opinions change quite often here. Investors beware, this is not the place for you. I still think we are downtrending. Can...
Hello traders! At this moment USDJPY had a strong rejection from the bottom of the daily channel - 106 level. You need to remember that USDJPY is in a corrective structure right now. The correction is not over yet. Short term target will be inside the channel. We need to see how the price will behave inside this structure . If the price will not rise...
The pair is forming a flag pattern (and hopefully not a falling knife) after a strong impulse, so we could be getting one more impulse to the upside. On top of that we may have gotten a nice inverse head and shoulders should the pair not break down from the flag pattern. Looking at a retest of the 1.7825 level which is a key structure level too. My personal...
Reasons to buy: 1) Inverse H&S 2) Inverted hammer on a key structure level (have to wait for Friday close to confirm that) 3) Daily Stochastic oversold My personal details: Long @ Entry: 16.35, SL: 15.80, TP: 18.50 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent...
Reasons to buy: 1) Inverse H&S at the bottom of a downtrend 2) Bullish 1H Divergence 3) Forming a descending wedge after a strong push up My personal details: Long @ Entry: 1.1547, SL: 1.1500, TP: 1.1685 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25...
This post will cover the short-term aspect of Bitcoin, as what appears to be impulse waves. I will update shortly on the very short-term scale to show validity in the wave count. This is appears to be the end of the Bitcoin Correction. Many more short-term updates to come along with new targets. Follow for updates :).
Textbook inverse head and shoulders so we could be seeing a retest of the 118.00 levels as a first longer term target. With the DXY having reached 3 year lows we could potentially start seeing it correcting, or even reversing to the upside which in terms mean a rise for this pair. We can also see a nice flag formation which could be towards its end. My personal...
I surmise Bitcoin developed a new channel after the huge growth in price when we initially hit the 4k mark, nearly doubling. At that point Bitcoin became truly relevant to a larger audience. This created a new channel which is shown in the chart. Bitcoin broke that channel in the euphoria phase. The resistance of the channel slowed Bitcoins progression and that...
Reasons to buy: 1) Inverse H&S complete 2) Bullish divergence on the D Timeframe 3) Showing weakness on the 61.8% but could potential push down to the 78.6% before the upside move My personal details: Long @ Entry: 1.5220, SL: 1.5140, TP: 1.5700, RR: 6 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a...
The pair has been correcting since September of last year, into what appears to be a rather complex structure, but there is evidence making me believe that it could be over, or that we could at least see some upside for the time being. Reasons to buy: 1) Shooting star on the Daily timeframe 2) At a key price level (look to the left) 3) Daily Stochastic...
The price is currently retesting a pretty strong level @ 2.54-2.65. There is a lot of evidence making me believe we could be seeing a strong move back up to the 3.38 level. 1) Weekly Stochastic Oversold 2) Shooting star candle on the Weekly 3) Price has completed leg B of a potential Flat correction of the most recent impulse down. 4) Double bottom My personal...
Is it time for the US Dollar to start regaining its strength? Strictly judging by my own technicals I'm seeing a potential reversal point around the 87.62-87.78 range where we see a strong confluence of a the 50.0% Fib retracement and 161.8% Fib extension.
Hey guys, last night XRPUSD made his Wave Low, in my view we gonna see now a big rise in value and XRP pushed back to 4,5 $, this drop happened by fundamentals and Political news in korea, in my view it was a big fake to kill Bitcoin and Crypto prices for the big players in the next few days. A lot of negative news were caused by this drop taking out a lot of...
Not much to say other than we could be looking at the pair to go back up to the 1.7475 level. Reasons to Buy: 1) Hammer candle on the Weekly TF 2) Double bottom at the retest of the broken structure level 3) Weekly RSI oversold 4) Daily Bullish RSI Divergence 5) D + 3D Bullish Engulfing Wait for a pullback in the shorter TFs such as the 1H before buying in...
The pair is seeing some strong bullish momentum, and with Gold -0.31% showing a lot of strength lately it has keep this specific pair quite active. As of now I expect one more push to the 0.7695 level and we could get that whole push today even. Note the ABC labeled on the chart is an Exp -0.36% . Flat from the previous impulse. Now we can see an Inverted H&S...
I will definitely update with another picture here of what's happening now, but I see an opportunity that we may be able to take advantage of. There is not much risk in terms of a stop loss, but there is risk in terms of the target never being met. The next update will show you why this is so. Another analyst brought to my attention this cup and handle, and I...
Hey, you guys want a quick return? Let's play this correction, wait for bullish divergence on RSI and target $26.32 for a quick 46% gain. Remember, DONT enter until a bullish divergence is COMPLETED on the 30 minute scale.