We just bounced of the 200 weekly MA. Therefore we will likely see a bounce to the upside. Question is how high we will go?
I have 4900 BTC/USD in sight over the next couple of weeks. There will most likely be a retest of the 200 weekly MA once we have had the counter rally, so don't chase it if you entry isn't good.
The 200 Weekly MA holds and we can expect a small bull rally for crypto. Please note that crypto in my opinion is not out of the woods yet and we will likely continue to range until the later part of the year... just as in 2015.
If would seem to be a good time to accumulate BTC/altcoins for the next 6 months!
GOMspace seems due for a another breakout. We just hit an extended FIB move to 1.2, stochastic seems ready to cross.... I am expecting a breakout (unconfirmed)! Keep your stop loss tight and remember to take profit.
Hmm must admit that I was expecting to have a FIBretrace on the S&P 500 already.
The levels, to look for a FIB retracement, are now 2490 and around 2390 area (both previous tops).
We just had a bounce of 2490 level, if we close below this level during the week, then I will expect a new drop to 2390.
Shallow retracement (FIB 0,3-0,5) the bear market...
Santa just hit pause on the "bear" and we are likely to have yet another counter rally.
Remember that Santa can only brings so many presents and that we in my opinion are gonna resume the bear when:
1: If we have a shallow retrace, we stop at zone 1 (Fib 0.3-0.5) and the hit "play" on the "bear" immediately.
2-3: If we are going above Fib:0.5 into...
Only time will tell, but I'm expecting 0,3 /0,5 / 0,6 Fib retracements with shallow FIB 0,3 Counter rallys.
Scenario could be that SP500 will hit FIB 0,3 in Q1-2019 (Target 1) then turn around with a shallow (Fib 0,3) summer counter rally to A and ... on and on until we hit target 3 at Fib 0,6 in 2020-21.
This is of course a highly sterilized scenario and will...
We are currently in the longest bull market in recorded history, by mid 2019 it will be the longest business expansion in recorded history! Over any "short" time frame prices are a function of liquidity rather fundamentals, QT is opening at full throttle now, don't get caught on the wrong side of the market!....happy trading out there
Shortterm target area for OMXC20 is around the 800 level. AB=CD harmonics, weekly closeline GAP from 09/02-15, weekly tail from 7/11-16 are all pointing at the same target area at around 800. Expecting a bounce afterwards.
AB=CD harmonics, a closeline gap on a Weekly chart (13. Nov 2017) and 100 SMA (weekly chart,grey line) are all pointing into same target area of around 2578 for SPX500. I expect a short term bottom and bounce from there… where after we resume into bear mode.