Bitcoin is ready for a second correction to 5000$ which will be wave C of the ABC correction. On daily Bitcoin finished wave 5 of the Elliot Wave principles last week with a top around $7900.
5000$ will be support from the old top.
If we see a reversal candle around 1,32, I will short GBP/USD. It will find resistance here from confluence zones from fibonacci.
The target will be the daily uptrend line. This trade offers a great risk/reward.
EUR/USD ras room to rally rill 1,18250. Around that zone we will have big resistance from fibonaccci levels.
I marked it with the green box.
In the green box I will take profit and look for short opportunities.
Bitcoin has broken the uptrend. I calculated some targets to the downside. First support will be around $5100.
I expect bitcoin to go lower.. till $4590.
Why do I expect this fall and how will it go? This was wave 5 of the daily uptrend.
Now we will see an abc correction. So one wave down, then one up, and one final wave down.
We see a falling wedge on the eur/usd chart.
This is a bullish pattern and breaks upwards most of the time.
In the chart you see some arrows of possibilities. Anyhow, we have to wait for the break out before we will know what will happen.
Scenario 1: EUR/USD breaks out today. 1.185 will be the target.
Scenario 2: EUR/USD goes down a little bit again first...
NEO is still in an uptrend. From this point we can expect a new rally till the resistance on 39.
If NEO manage to break above 39 the next target will be around 53$.
If you have position you can hold. If you don't, you can buy now with 10% risk and a nice reward of about 70%.
NEO reached the fibo target and head and shoulder target around 34,00.
We see a little correction now. If it breaks the resistance around 34,00 I expect NEO to rise till 43,00 and later 52.
In my dreams I saw NEO on 60$.. sooo ;)