USDJPY is showing us a bigger complex contracting correction in the making within red wave (B), which is also known as a Elliott wave triangle correction. We know that triangles appear prior to the final wave, which means more gains can come in play, once finished. Specifically we see price trading within wave E that can search for support near the lower triangle...
Based on the existing trend I think bitcoin has bottomed out and is heading higher soon, but maybe not at the same pace as previously during the run from 3k to 20k. The thick line is resistance now and was previously very hard to breach. The slope is positive though so there is no need to pass this resistance to keep going up. The FUD has been immense but bitcoin...
History usally tell us more then we might think.
Most of us have heared the saying "History repeat itself" and this might just happen with Bitcoin.
Looking back 3 years of Bitcoins valuehistroy you could se that after every time it reached its lowest point in January
it then recoved and became stronger then ever. We havent seen any strong trendchanging indicators...
I'm still very new to analysis and not yet actively trading. Just getting practice making calls to see if I'm right. Feedback welcome! I'd love to hear some tips and tricks from more seasoned traders and what you think of my analysis.
Yesterday I talked about a falling wedge forming (see related ideas), which turned out to not be as strong as I thought and I...
The Dow Jones industrial average is trading bullish, and can be trading at the end of a bigger impulsive wave. We are observing higher degree blue wave V, that can be searching for resistance and for a top around the 2550/2700 region, where the middle and upper Elliott wave channel line can offer resistance and turn price lower. Red sub-wave five of V is also...
The 16000-22500 sat run was a pump from a facebook group, and unnatural. We're back in the healthy growth chasm and it loooks like ENG should get another organic pump shortly.
Looks like LTC is recovering nicely from a WATERFALL movement, last night...(12-21-2017) phew! Almost back up to $300 price range, things are gearing up again for a POP to the UP Side! (Finally)! Buying in on LTC at prices below $260 was difficult due to excessive trade volumes bottlenecking the Crypto-Exchanges. For example many already know that "CoinBase," was...
We see USDJPY ticking higher as expected into wave C, which can be final leg of a corrective bounce from 112.00. In fact, recovery can be wave 2), therefore a strong turn lower may occur in sessions ahead. There is a nice resistance coming in around 113.00 from where a potential sell-off may show up below 112.50 which would be first evidence of bearish...
