Price action is pretty clear on this one. Despite, today's harsh decline in price, I am expecting one more push to the upside, as first - the bullish structure hasn't been violated and is still valid, and second - there is an insane confluence around 1.1475-1.1485 level.
Bears got stopped out yesterday during FOMC and today yesterday's bulls, who jumped late into...
The overall corrective structure can be divided in three major legs, with the first being the start of the bearish impulse in December, which has been labeled as wave A with five subwaves.
The second leg, starting at February 2018 (wave B) has been a correction of previous wave A. After having reached the peak of subwave 4 of A, price has been rejected to the...
as you can see EOS is playing out in a very clear textbook structure. I do expect price to start a bullish impulse very soon, as we have already or almost completed the fifth wave of (iv) or (e). In the bigger picture we're currently in a larger wave 4, which should be followed by a final bullish impulse taking out the ATH.
On lower timeframes we can...
in my previous BTC post I've pointed out the strong similarities between this years market drop and the one of 2014. Assuming that structure will behave almost the same as in 2014, $3000 is the level to keep an eye out for a major reversal.
It is still possible that price will reach this level, however I like to prepare myself for different scenarios,...
Chart says it all - History repeats itself.
If you can't properly recognize the details on the right chart, zoom in. I had to zoom out when analyzing, as otherwise all the details wouldn't have fit on the window.
I've also tried to find some similarities on the time axis, but there are none. The only thing that stands out is that things are moving way quicker...
Aussie is currently trading within a wedge and has recently completed wave e of (iv). We also closed both on the daily and weekly slightly below the 0.76 mark and are now seeing a retest of this area. I am both short-term and long-term quite bearish on this pair. The short-term target for this setup is 0.7350
as you can see price has been unfolding in a clear identifiable five wave structure to the downside. However, price failed to violate the psychological level of 145.00 on the weekly timeframe and closed recently with a pin bar on the weekly. This has been followed by a minor five wave impulse which can be considered to be a wave (a) retracement of the...
same as with other cryptos, I am expecting a move to the upside on Tron soon. Price is currently trading within a falling wedge and I do expect it to find its trough of wave 4 soon, in order to start its final impulse do the upside.
Regarding the buy zone - the zone with the highest confluence lies around $0.055 and $0.05. As written on the chart, if...
Strong confluence around the current area. I'll be looking for a bottom to build at the current area and the break of a reversal pattern before going long.
We might see an even bigger upmove up to the daily -27.20% Fib, but for now I'm just focusing on the two targets marked on the chart.
as you can see we have a strong confluence around three zones.
1) The buy zone in the orange box
2) The area around $11.5k, at which price already made a double top few months ago. It is marked as the 1st TP
3) The area between $12k-13k, especially between $12k and $12.2k
For a potential AB=CD pattern to complete, we need to see price hitting the zone...
Hey guys, as you can see we saw a sharp impulse on Populous which has been followed by a clear identifiable three wave correction. I consider the current price area to be the bottom of a potential wave (2) or B.
I do expect that we will see the start of a further bullish impulse soon, which will take out the previous high of wave (1) or A. The targets are shown on...
First of all - this is neither a call for a potential Armageddon scenario, nor a shill for BTC hitting its ATH soon. I've just noticed that the current drop has strong similarities with the one of 2014 - so this is a view on a scenario which could play out when history would repeat itself.
Before diving in, keep in mind this quote from Sir John Templeton.