Greetings, Bitcoin traders!
I`m here to present you my lastest technical analysis of the daily BTCUSD chart and a promising trading idea based on the price patterns and technical indicators!
After taking a look at the latest pattern breakouts, like "Flag" pattern in Q418 - Q119 and TrIangle in the end of March, I have come to a conclusion that the traders pay...
On the daily chart of EURCAD, in my opinion, we have finished the corrective movement after recent bearish impulse, as there was a strong ABC filter in the form of 3 daily fractals. In addition, we can see the AO indicator cross, which is my trading signal to go short.
My trading levels are marked on the chart.
For Bill Williams` strategy followers - best...
On the daily chart of Apple shares, there was a bearish divergent squat bar with angulation and AO divergence. In addition, we can see that the additional sell signal has just been formed - Super AO. If the price breaks the lows of yesterday`s bar we can expect downtrend to start relatively soon.
After completing my analysis of Amazon shares, I expect the price to start the ABC corrective zigzag after 1-5 Elliott wave cycle on the hourly chart, as there is a strong indication of completed 5th wave - multiple AO divergence. Now is the time to look for short opportunities.
On the daily chart of WAVESBTC, the instrument is currently in the corrective wave C of ABC zigzag, which could be over as a Price Action reversal pattern has been formed - "Outside Day". Breakout of the high level of the signal bar could be an optimal price to open long with using trading levels that are marked on the chart.
After looking at the latest Ripple price movement, I have come to the conclusion that the instrument is about to continue its bullish trend as:
- the price has broken the narrowing price channel on April the 2d and then retraced to the previous zone of support of the previous price highs;
- the instrument is currently moving above the blue Alligator line (Jaws)...
After completing my analysis of BNBUSD, I have come to the conclusion that the instrument is close to finishing its bullish rally. The key point here is that we are currently moving in a minor 4th wave in the more global 5th wave. Reaching the levels of 22.11 - 23.81 target zone, could be the turning point as the end of 1-5 bullish cycle and the beginning of ABC zigzag.
I think the stock has finished the 5th Elliott wave on the daily chart as there is an AO indicator divergence and Bill Williams` trading signal "Two peaks" for sell. Going short using levels that are marked on the chart.
On the hourly chart, the price has formed and broken a bullish fractal after completing an ABC corrective move. The price structure gives me an indication that we are starting the 3d Elliott wave on this timeframe. Going long using level marked on the chart.
The stock has been moving in a relatively long correction since November when the bearish impulse ended. Now, it seems the correction has come to an end as the price has formed a bearish fractal below the Alligator indicator with AO below the zero line. If we break the latest fractal, it would be an optimal level to go short using levels marked on the chart.
On the daily timeframe of IOTABTC, it seems that the instrument is starting the C wave in a corrective ABC zigzag, as there was an AO indicator cross above the zero line. If the price breaks the latest daily fractal, it would massively increase the chances of this forecast.
On the hourly chart of FB shares, the price has started a new down trend. In my opinion, we have completed the 5 Elliott wave cycle with AO divergence in the wave 5, and currently starting the ABC zigzag. Going short using trading levels marked on the chart.
On the hourly chart of USDZAR, the price has formed a bullish divergent bar signal within an approximate end of the 4th corrective wave with ABC structure. Going long with the target in the 5th wave. My trading levels are marked on the chart
On the daily chart of SBUX, the price has formed a Two Peaks sell signal. According to my Elliott wave structure, the price has finished the 5th wave and now I expect the instrument to start the ABC zigzag, which is my profit zone. SL, TP and entry levels are marked on the chart.
On the H4 chart of EURGBP, a bullish divergent squat bar has been formed. This signal is supported by the fact that there is the AO indicator divergence and, with high probability, the price has finished the 5th Elliott wave in a down cycle. Going long with the expectancy of the ABC zigzag using trading levels marked on the chart.
On the daily chart of XAUUSD, the price has formed a bearish divergent bar. I consider it as a strong signals because of additional filters: double AO divergence and complete 5 wave movement in the lastest bullish wave. Going short using levels marked on the chart.