We've been tracking this pair for 2 weeks now and looks like it's finally Breaking out of this choppy correction! If price goes above 1.3310, the odds of a continuation higher would increase. If we see a reversal and price goes below invalidation level, then the count is negated. A move below 1.3210 would be a first indication that we could see new lows!
We are at a first resistance zone from where we could see price go lower one more time to around 7500 as first support. Next level of resistance is around 8700. Check previous Bitcoin posts for longer term view.
Since december 2018 Roku has been in a clear impulsive wave that topped at 175 and made a sharp reversal. This correction has more the caracteristics of an impulsive wave than a correction, so, I suspect this to be only the first leg, wave A, of the overall correction. For now we can count 3 waves which means we should see a small pullback for wave (iv)...
Don't freak out, let other do that !!! Set money aside and get ready to buy because we'll see a huge rise once this correction ends !!! We're in the last moments of this correction I've been talking about for quiet some time now (see previous posts) Key levels here will be : 8120 which is the 100% projection of C vs A. ...
We got a clear impulsive wave that ended at 1.0850. Now should have started a down move that depending if previous impulse is wave A of Y or just a wave C will see different targets. If it's a wave C then we should see an immpulsive wave making a new low. If it's wave A then we'll see at least a 3 waves correction that should stop ideally at the 61.8%...
We're already in with my premium subscribers but you can still get in on pullbacks. 6255 can be used as stop or 6237 as a more conservative one.
We got a somewhat impulsive wave down as potential wave A/1 and stayed in this range since last Week. I think this correction is not yet over and we should see one more push higher first before considering to short this. Resistance can be found around 1530.
We got a 5 waves rise followed now by a 3 waves correction. This means we should go higher here as long as the 78.6% retracement level holds. I suspect this rise to be only temporary though with resistance around 11.200.
We are in an impulsive wave higher here, currently in wave red wave '((iv)). Ideally I'd like the 38.2% retracement level touched by this move down. Right now the move is a bit too sharp to be all of wave 4 which means we could go down a bit more or stay sideways in a triangle pattern. But the bias remains bullish nonetheless. For this count to remain valid,...
We're in a impulsive rally highern currently started wave 5. There are no signs of exhaustion for now so, bullish bias remains intact. Once 5 waves are in, we can expect a pullback that ideally should be around half of this current rise.
I am considering two options here for now. One of which is this leading diagonal that might have topped at 1.3310. A deep pullback should then follow ideally going down to the 61.8% retracement level and bouncing. If price goes below and touches the invalidation level, we need then to reasses the situation.
Made a spike down but retraced it just as fast and is now going up, for the last time hopefully. Ideal retracement zone is the 61.8% level but we could see it turn a bit sooner, around 9.039. As you can see, the 38.2% retracement level has been hit, which is the minimum required. So, if we see price go down right away, the count still remains a valid one. If...
Oil is somewhat of a pain in the a** right now as there are 2 big possibilities … Either big move up right now or a big drop that will kill positions of all those who bought at highest possible price after the Saudi Attack this weekend. For today, as shared with my members 2days ago, we should see at least a 3 waves rise, stopping around the 61.8% retracement...
We should have finished an ending diagonal wave ((c)) of B and are going lower now for wave C which could take us down to 96 and lower. If price makes a new high, we need to make a new count but it shouldn't be much different than current one.
Price should continue higher but the question is : Is this only a 3 waves correction or are we going to see a complete new rally that could take us up to 1.18-1.20 in the not so long futur… ? Because I suspect the dollar will see some strength once more I remain with the 3 waves count for now. But Chrisitine Lagarde, the new head of the ECB, could have some...
We have a clear impulsive wave here and are currently in wave 4. Ideally wave 4 should retrace 38.2% of the previous move but we can never be sure. Wave 4 is very hard to trade so wait for it to end then buy wave 5. If we go below invalidation, the count gets negated.
We have a nice 5 wave rise from 6270 and now we're nearing the end of a 3 wave correction. Support is around previous wave 4 and the 50% Fib retracement level. Ideally we could go a bit lower to the 61.8% level or even the 78.6% which would then give even better R/R. But in any case, as long as we remain above the invalidation level, we should go higher !
Because we got out of a triangle wave B, we know that this rise is limited and that we'll see a reversal pretty soon here. On the 1hour chart we can see that we have only 3 out of 5 waves up, so, we could see 1.96-1.97 before we start going lower. If for any reasons we go above the invalidation level, the count gets negated and we need to get back to the drawing bord.