Simple ideas into March 2020 based off the price action zones BTC has/is creating.
I can see a future to 15-18k zone...peak being a spike and probably a very heavy denial. There will be a lot of people trying to recover investment losses of 2018. We are hitting those numbers again. I see the people looking through the hope cycle and pushing numbers to the north...
My chart is kind of a mess, but i did over 4 hour of TA so i thought i might as well give you guys a peek, here's the rundown of my analysis.
First pitchfork its based off the monthly candles, in return they don't correspond to areas that intersect with candles, based on the daily chart.
Second Pitchfork Corresponds to the bottom of the first PF, as well as (0)...
I've counted wave at SPX and I suppose that now Intermediate wave E inside 4 primary wave has started to forming itself in this month
I calculate proportions between 1 and 3 Primary waves (Green color) and let's see what I got:
1 Primary wave:
Begin 666.8$ ending 1363.6$
1363.6 - 666.8 = 696.8$ Total
696.8 / 666.8 = 104.4% Total
Check out my previous idea about gold that developing impulse wave i believe that this is a Triangle and the breakout doesn't count as direction for larger trend as R.N.Elliott Described E wave in "Wave Principle' that wave e is often will be Below or Above his destination
Based on the price data available on Monthly chart (see below), the USDMXN is in longer term Bullish trend.
It formed a major spike high in Jan 2017 and since then it has been in a consolidation, forming higher lows, suggesting strong based being built.
The extreme bullish sentiment for MXN might be fostered by the fact that the uncertainties...
Bearish Bitcoin Analysis based on Elliott Wave Count, Fib Time zones and Fib Wedge tools.
The prediction is based on the fact that Bitcoin is still in ABC-Correction of greater degree and the last bottom hasn't been validated yet.
Imo, Wave-A of Grater ABC-Correction is finished and Wave-B is just formed. In more detail, this Wave-B is made up of corrective...
Hello everyone. Following the Elliott wave count, I am still expecting one more drop (sub-wave 5 of wave C, the capitulation wave). This could also be considered the spring test in Wickhoff Theory (I'm not an expert, but communicate with one that is).
It's clear, there are plenty that are expecting a new bottom, and it is also clear the market has gone (bullish)...
GVT (Genesis Vision) inside a bearish pitchfork and a huge triangle, playing now this bear flag until bottom of bigger triangle or little further down...
Meanwhile there's profit to be made on a bear flag :) Leg D > E, short E or 0.618 fib and long bottom (rectangular box).
Short opportunity in the works, indicated by bearish elliot triangle wave coupled with a bearish divergence in the 9-day fisher transform. May remain relatively flat on low volume until earnings reported on January 31st, or perhaps drop before then with the broader market on "trade tensions" and "fear of global economic slowdown".
Long-term view: Amazon has a lot...