Bitcoin 4H time frame chart showing a test at on the key price level of a support at $9011 and this must be a taken as a key point for Bitcoin. If it closes below this key price level we will heading to test the next support area at $8724. In general there 2 main scenario's to occur at the current trend.
Scenario 1 : Break out for a correction...
Pair : #REP / #BTC
RSI : 38.9
Note : AUGUR was also one of the alt coins that have been in a downward trend without that much reversal bullish move since Mid April. It seems we are no going to witness a good reversal upward move. It already formed a falling wedge pattern and broken out from the formed triangle by yesterday's bullish...
This is a most perfect wolfewave pattern and the reason why I am trading it. Today's volume was moot point but the wave structure is absolute perfect and so is timing.
I am predicting >15% slide in the coming few days... it could be blood bath on the wallstreet.
Weekly (pink): We are currently in wave 4 of the weekly structure. I expect wave 4 to complete to the top of the structure before we will see whether there will be a break of the structure to the upside on this wave or whether there will be a 5th wave to the downside first.
Daily (blue): We are in wave 3 of the daily...
There’s a small possibility that we have already seen the low at 5,758 $, but I do not believe in that. The actual impulse downwards is not completed yet, I suppose, so there’s a good chance to come down deeper.
Where does the journey take us?
The most expected movement in my view you can see in the chart above. I think that it ends between 5,561 $ and...
Price currently at an high activity zone. If it beats the upper trend line tendencies of going higher his a go. Long position to be considered at that zone.
Fib levels from the swing also show a retracement to the .382 level signifying a strong buy momentum for the dollar against the swiss franc
Caution is needed with the Wave Counts below as the Dollar Index could "pull" its last available "joker" in its sleeve and extend the Corrective Structure towards a Triple Three, thus resulting in a temporary Bullish outcome before the expected fall.
Members already took profits on the previous BIG RED BEAR knocking on your door! Part 2 - DXY 2H...
Hi everyone, I've been following this pair from last couple weeks & waiting for the right moment! And I think that moment is almost arrived. If you guys take a look at this pair! Its in correction on W timeframe! So its good opportunity to trade on lower timeframe using this correction! If the price breaks the upper trendline & close above the trendline (dotted...
Here wave 4 has completed and we are looking to enter SHORT for the wave 5
We see a nice wedge breakout that confirms a sell
We will enter at the 50% or 61.8% of the first move of the wave 5
A bat pattern that confirms the sell and the completion of wave 4...