In the next few days, bitcoin will have a correction, by technical analysis, I can admit that bitcoin is hitting a peak of wave 5 in the elliot wave. So coming when bitcoin goes wave B the altcoin market will bullrun. Then the whole market will enter a big correction wave
Here we go... Pop corn ready !? HAPPY TRADING! MORE TO COME.
“You are a child of the Universe, no less than the trees and the stars; you have a right to be here. And whether or not it is clear to you, no doubt the Universe is unfolding as it should”. ---- Max Ehrmann First of all, from an actuarial background (as conservative as it goes in finance), I’ve never thought one day I would be giving a bullish bias on such a...
On Balance Volume breaks above Resistance to confirm the Symmetrical Triangle breakout was not a Bull Trap! The longer the contraction, the more explosive the expansion...
Enter for a sell on AUDNZD when price correct the around the 50% fib level. Then you can be for sure that the sell is coming. If it corrects a little shorter then you can enter for the sell in that area.
I am positioning to buy CADJPY because of > Potential bullishness in Oil price which is a plus for CAD > Global improvement in containing COVID-19 which implies more economies will be opened and investors will start to dump safe haven like JPY. I am not ruling out the weak legdown due to Hongkong Riots and Minneapolis Riots which will likely worry investors and...
With improvement of risk there might be fund flow out from Gold to other risk assets. This might pull back the advancement in the price of gold in the medium term. I see huge opportunity to sell gold at the current level with taking profit at 1700, 1690 and 1680.
With improvement in risk environment, we expect the DXY to weaken which will imply the Dollar might experience a sell-off against majors (EUR, GBP, AUD, NZD and emerging markets (MXN and ZAR)
Attention to the rhythm of the wave for bitcoin. --------------------------------------- Kinnari + Elliott's wave theory 5 + 3 = Waves --------------------------------------- The price is under Wave A, B, and C. ABCDE, Triangle leading by 2-wave. The "Parallel Channel" is respected wave 2 and waves 4 and parallel towards 3-wave. You have figured out...
It’s bullish from the support , I assume the peak of it will be 9009.83 then will turn into a bearish approach.
✨ New charts every day ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- Expectations of Q2 earnings are low for ON Semiconductor, and last quarter performance was underwhelming as well. There is likely a short setup here, and with earning only a few days away on May 14th, it makes sense to find our short now. Resource: www.earningswhispers.com ---...
Weekly candlestick is ugly, but I am keeping an eye on this semiconductor name. As growth slows, I'd expect share price to pull back significantly. Capex Margin is attractive relative to its peers. Expecting first profitable fiscal year since 2016.
Sharp decline of all stocks across this sector, AAPL selling off from $328 down to $256. As previously charted, we considered this a temporary sell off or profit taking, a smaller correction. Once price hit $256, it triggered quite a bit of purchases. Volume rose quickly on Friday, and the day ended at $273. Aftermarket saw some increase in price, current...
I drew trend lines connecting a LARGER overall Uptrend, then it broke out to the upside so I thought it was over. BUT It just came back down in and touched that spot like it never left that channel at all. Touched and now is heading up so it looked impresive, Like you could buy it for days. But I'm kinda new so check it out yourself. Happy ZEN Trading!
We could see the formation of a larger triangle formation into the New Year. Let's see how it plays out. It seems like the beginning of 2020 will determine the price action for the year. ARE YOU BEARISH OR BULLISH FOR 2020? Be courageous! State your pick. I say bullish! Who knows. Good luck.