The BTC are showing to my eyes a Ending Diagonal, this could be the beginning of a correction in the crypto world. The diagonal are compose for 5 wave and internal correction waves. So, the ending diagonal normally was generate at the ending of 5 wave or C wave to change the market direction. If I'm wrong the invalidate point are 38600 at this chart.
Very impressive rally, the long was a very good trade. Now we have an interesting price on the SPY, the previous support is now a resistance and the bearish trend line since July is at the same level. I see a bearish impulsive wave 5 and I suspect that this rally was a correction, very strong correction, but this week could show us the true face of the market. In...
This asset shows a triangle at Fibo 1.61 and in the last bearish impulsive wave of, so I think this could be the beginning of a correction wave ABC. This level is a historic moment, because the volatility is extremely higher for TLT. I am bullish on TLT, selling puts at the 81 level.
The yield curve has begun its process of change, making lows higher and highs higher....
Possible reversion into the price of US20Y, the MACD show a divergency and the stoch and sensible RSI are overbought. Maybe the 5% is the top, maybe I'm wrong but there is a good time to buy TLT for long run
I think that the correction was accomplished at the lows of August, this is the ABC in yellow, so the wave 5 is in process, the last wave is the 5 of 5 and this wave could fill the GAP or extend to the 4700. The people is very bearish, and the market is a contrarian, I speculate that the price goes up and then correct with a ABC to the 4100 by the end of the...
At the monthly chart we are in front of a hard resistance, could be a retracement to the 9 BTC/Gold or maybe more deeper to the 6 BTC/Gold. In the other hand, we are in a possible corrective monthly ABC wave direct to the 24 BTC/Gold (48k/2k maybe), with fib, very frequently if the price don't cross the 0.61 means that want to go up!! I try to draw the best and...
The index has completed an impulsive wave including a 5 wave extension to reach the 4300 resistance zone, it could correct and I could go on but I prefer to watch and then trade at this point .... If I'm wrong please give me a feedback.