Paraman666

Paraman666 Updated 

Current price action is very slow, confusing, BUT finally I spotted it - ugly, but very valid triangle. If I consider huge amount of longs on bitmex, bearish triangle (4 wave from current top) is IMHO more probable. On the other hand, if triangle break upwards, we would probably see FOMO at 9000, BUT this should be final target of bullish triangle (as a wave B in...

Paraman666 Updated 

Walton has very probably started uptrend - we can see nice 5 implusive uptrend waves with good buying volume and now we are in ABC correction, where "B" wave is nice triangle - now we have very specific zone, where Walton should finish it´s ABC correction - then I expect another 5 waves up and this move should be stronger, because it should be also wave 3 in...

Paraman666 Updated 

Eliott wave count from the current top at 9170 is pretty predictable - now we have two scenarios: 1) We have finished 4th wave and we will see drop towards 8270 -8170 zone very soon. 2) Price will go up now, above 8750, we will finish ABC correction and then we will drop to 8270-8170. Both scenarios have same outcomes - once last drop to finish 5th wave.

Paraman666 Updated 

Price create triangle on the top - bulls and bears are even at the moment and there are two scenarios - bearish triangle would mean ABC correction from the top, and then we would continue upside above previous top. Bullish triangle would mean, that price will push upside, to 92xx levels, but then big correction will come. If I consider again huge amount of bitmex...

Paraman666 Updated 

This is current situation - the most people is out of their LONG position - we are under strong resistance, we are very close from MA 200 on daily chart. Almost everybody is waiting for bigger correction - amount of longs on bitmex isn´t that high - so what is the BEST thing for whales to do ? Strong push upside, which NOBODY expect. On the chart, we can see small...

Paraman666 Updated 

Well, bitcoin broke down from triangle, so that means, that this is only temporary correction, before another move up. I expect correction to approximately 8450 (height of the triangle), then leg up above previous swing high. My personal set-up : limit order - 8460 ; stop loss - 8340; take profit - above 9k

Paraman666 Updated 

LTCUSD is good guide for his older brother bitcoin - LTC is currently in 4th wave and if we go up from triangle, we will be finishing last 5th wave (also btc should finish this current rallye). Then 3-wave correction (at least) MUST COME (to set targets for this correction is pretty unreal at this moment, we need to wait for more price action). One way or another...

Paraman666 Updated 

Despite we are below very strong resistance, we can still see only corrections made of 3 waves -> that means, that current trend (uptrend) will very likely continue. Also people are closing their longs, because EVERYBODY sees that strong resistance. Huge RRR. Stop loss is fixed, but I am not planning closing this long on strict price level, first I want to see...

Paraman666 Updated 

Two scenarios - 1) bearish triangle - break to 8350, then another leg up above 8600 2) bullish triangle (more likely) - break upwards to 8680, then big correction On bitmex, most people are longing now, I expect bigger correction soon.

Paraman666

BTC should be in 3rd correction wave and it should be finished in 7,5 - 7,6 then move up above 8500.

Paraman666

Well, I think these two fractals are worth sharing. First of all, it would make totally sense, if we put it together with chart of bitcoin, which IMHO needs healthy correction. Current greed and billions of bullish news are usually before nice dump. My guess is, that bitcoin will have correction to 6400 and most of the money will transfer to altcoins.

Paraman666 Updated 

First of all, I want to clarify, that I am not owner of any stock and I don´t plan invest in any stock right now. However I would like to point out very nice price action, suggesting me, that this stock could sky rocket, from whatever unknown reason. First of all, we are at the strongest support area, where is no volume and price usually bounce of those areas with...

Paraman666

Gold, silver an copper are highly correlated commodities and both gold and silver had decent rallye in past weeks, however copper was going down in downtrend channel. This channel is broken now, we are creating higher highs and higher lows and uptrend should begin.

Paraman666

Feeder cattle had quite steep downtrend, however this chart on daily time frame seems very bullish, it´s typical P - profile (strong uptrend in 2017, then consolidation in 2018-2019). Support is very strong, but quite big, but price shouldn´t drop below 130. COT is very bullish and there is big divergence at commodities spreads ( demand for FC is rising, but price...

Paraman666 Updated 

There are so many factors, that are telling me, that currect uptrend will be over very soon. Firts of all, if we look at the weekly chart, we can clearly see, that we are in big downtrend and from July 2011 we are in upwards correction. At the moment, price is testing very strong ressistence. I am also big fan COT report (it shows open positions from biggest...

Paraman666 Updated 

Situation about brexit in GB is moving with british pound strongly and on the other hand, canadian dollar depends on price of crude oil and crude oil is very bullish. From the chart, we can clearly see weak uptrend, with an overlapping and it seems like more bear flag. We are also below very strong ressistence. I am already in short position and I think it´s just...

Paraman666

Crude oil went through whole support area and I can´t see any ressistance from bulls. Next support is at 44. COT is very bearish, these red candles are big and impulsive, so downtrend is in progress.

Paraman666

Sugar had a massive bear run during September 2016 - September 2018. Now the movements are low volatile and everything seems like sugar is preparing for bull run. COT (Commitments of traders) is also very, very bullish. Price already broke trendline on smaller time frames, creating higher highs. Trade for couple months, IMHO.