Oil price is in Bear territory and despite manipulation of war acts we can expect it to fall in the upcoming years. I am a little concerned of what will they come up with, after bears are finished, to turn the trend around. Military actions are likely.
As of now I am looking to progress in B wave down and then C wave up that will complete 2nd...
Its been a while since I have posted anything. I am very interested in Major correction in stock indexes since I believe that the blockchain is here to change the game. Current chart in my opinion is representing the final 5th wave of the bull market. I am using fibs and Elliot rules to navigate in the price action.
1. I find we have 4th wave in the making...
As traders we are getting constantly new data and we have to reset our analysis.
As far as I see we have reached almost the bottom but have possibility of going bit lower to finish C move of that year long correction. I think we are in the 4th wave of this five wave move. Since the 2nd wave was more complex ABCDE pattern then I am expecting 4th to be...
I have identified potential trend continuation pattern. It looks like market has completed ABCD with 1.27 extension to complete 38.2 pullback. We have also edge for stop loss and if market gives second test without higher close on 1h its planned to short and take on risk reward ratio 1/5.
Not an investment advice!
All the best!
I used my fib skills and measured bitcoin form zero to ATH. Now we have levels and 78.6% has nice confluence with 1.13 extension of first leg of pullback. This is also where the 4th wave of the big impulse up is located and it is very likely that we shall see that 4200 level approached. I believe thats gonna be the bottom.
All the best!
I find that most of the crypto charts are in second wave correction and we are on a half way. So there might be another sell coming before the bull ride can begin.
Thats my current view on ETH
Its been hell of a ride and pretty sure most people who hold are in deep recession. Some say bitcoin will hit 100 before 100K. Many took already loss and some are buying back in. So who knows? I think Pros read the chart. If you trade or invest you should always have a edge for something you have a chance to loose almost all your investment. So we...
I just wanted to make sure I don't stick to one view and gave myself opportunity to have a alt count if market presses lower and we face new reality.
It is likely that five waves up for the 1st wave are done and we are currently in the 2nd wave. Second waves tend to complete at 50% level and if we are looking at the structure and tge ratios of it, we can get...
Just made some measurements and fib projections. Thats one possibility how it might play out but does not have to. Nobody really knows but if there is a edge and the risk is right then its possible to capitalize on it.
Best of luck!
As we know Elliot wave theory there is A, B and C. So if A is an impulse and B is a corretcion then the C is our trade as another impulse. On the chart We can see that potentsial C is on the Horizon and targets may extend a lot lower as bigger picture 38.2 is usually minimum to hit. So expect price to test at least that level or lower. I also think that one ABC is...
I am looking one more up since previous targets were hit. If this is now 5th wave Then I am assuming it will be as long as 1st wave. ( compare red verticals!)
After that its Dollar turn to shine once again but not for very long tho.
Hi. I have idea to use 365 daily moving average to indicate yearly average price, because cryptomarket is trading 7 days a week. So its interesting to see if that is actually the case. Lets wait and see :)
Hi, I am trying to short this Market in the resistance zone assuming it is finishing flat B wave and I have stop above high. Risk/reward is positive and stop is defined as well as target. Also have channel tested previously. This is solid setup. Lets wait and see!
Looks like EURUSD has some more upside still but before we continue its likely to have some correction on the way. I have marked two structure zones and I am expecting firs level to be the one. IF that is 4th wave of the 5th wave Then usually 4th waves correct 38% and so we can see that lines up with the trend line as well. After that we could have rally up...