As I described, we see a ullish market that is continiously setting new higher points, even on the low. You can step in right now, or wait till it bounces again. Your decision, best of trading!
BTCUSD HAS BROKEN OUT OF THE TOP OF ITS 28 DAY CONSOLIDATION AND HIT ITS FIRST RESISTANCE LEVEL AT $389.97. **LEVELS FROM BTCE:BTCUSD** HERE IS A LIKELY PRICE SCENARIO FOR THE NEXT 3 WEEKS: 1. PRICE FINISHES CONSOLIDATION AT FIRST LEVEL AND BREAKS UP TO 400.84 2. CONSOLIDATES QUICKLY BETWEEN $389.97-400.00 AND MOVES INTO $420.00-430.00 RANGE 3. FALLS DOWN TO 400...
Dont see much upside in the fundamentals, the only worry is that everything including the longterm is already counted in. Im really concerned of the spread of ISIS which might influence my view. I think news will decide direction, short or sideways with bias to the medium term trend which is bearish.
Seems like DOGE is trying to make a blow off top. I am not saying it is going to do another full wave up like last time, it could do 2 or 3, point is that this first 4step wave is going for a nice run.
4H is at the tip of a wedge and price is at the ceiling of an upper resistance sloping trendline. This start of the trading week should see some really nice price action. I am waiting for the wedge to break before taking a position.
THE CLASSIC PSYCHOLOGY OF A MARKET CYCLE. WE SEE THESE EMOTIONS THROUGH RETAIL INVESTORS WORLDWIDE. MAKE SURE YOU HAVE 20/20 HINDSIGHT ON GOLD BEFORE YOU GET CAUGHT IN THE HERD. REMEMBER, NO BIAS. @YUNGFINANCE
ALL CURRENCY PAIRS IN WHICH THE USD IS THE DENOMINATOR HAVE BEEN FOLLOWING A SIMILAR ARC SHAPE SINCE THE 2009 RECESSION. AS WE CAN SEE HERE, JPYUSD, CADUSD HAVE REACHED THEIR PREVIOUS SUPPORT AREAS. ONE CURRENCY PAIR THAT HASNT REACHED ITS PREVIOUS LOW IS THE AUDUSD. ALL MARKETS WORK TOGETHER, THEREFORE I BELIEVE THIS PAIR IS LAGGING COMPARED TO IS RELATIVES....
AUDUSD HAS BEEN FORMING A MONTH-LONG WEDGE, AS WELL AS A DOWNWARD PITCHFORK. AUDUSD IS ABOUT TO INTERACT WITH THE BOTTOM SUPPORT OF THE WEDGE, BOTTOM SUPPORT OF THE PITCHFORK, AS WELL AS HITTING A FIB LINE. IF BOUNCES, LONG, IF BREAKS ALL THREE SUPPORTS, MAJOR WEAKNESS SIGN. CREDIT TO: ICETRADING FOR THE ORIGINAL PITCHFORK CONCEPT.
"WHY YOU SHOULDNT BE WORRIED ABOUT ANOTHER RECESSION, AND WHY YOU SHOULD BE DUMPING YOUR MONEY INTO THE STOCK MARKET RIGHT NOW" "INVEST IN AMERICAN INDICIES, SLEEP FOR 20 YEARS, AND WAKE UP RICH" @YUNGFINANCE
UPCOMING SUPPORT LEVELS FOR EURUSD: 1.07689 1.02866 1.01068 1.00 (PSYCHOLOGICAL BARRIER) 0.96072 ETC. ETC, NEXT FIB SUPPORT AT 1.00, NOT MUCH UPCOMING SUPPORT, EURUSD WILL MOST LIKELY BREAK PARITY (1.00)
USDCAD is currently forming a descending wedge, stalling at a relative double top from 2009's high, hovering around fib resistance, as well as a stalling supertrend (for now). Next moon cycle (March 5th, 2015), might bring forward some volatility to see if the trend continues or reverses. As well, Canada's economy seems to be heating up again, (Rates not changed...
Murphy Oil is in a consolidation pattern at the high of a very bullish run Bullish Scenario: MUR clears 67.07 heading for target area at 73 and extends the move Bearish Scenario: a failure of 65.70 would indicate the possibility of further selling as it pulls back towards support in the 60 area
Using EW(elliott wave) theory trading system, this is the result I have received. Not that we used elliott wave levels AND candlestick color from Heiken Ashi. Example: Price is bullish and goes to a EW zone. We want to short it there, BUT if there is no 2 bearish candlesticks on the Heiken Ashi chart at that zone...we do NOT enter!!