ETH has shown weakness compared to BTC, but this relationship may change now. Take a look at the completing ABC pattern in ETHBTC. Nevertheless, both ETH and BTC likely have more downside against the USD - if the current Elliott count is correct. As ETH rises against BTC, we may see choppy action on the USD chart. One idea is to stay out of ETH for the moment,...
Gold has retraced towards the 50-60% retracement area (blue box), where it currently finds support at the Gann level of 1747. The question is if the bearish wave (B or 2) is complete. Wave (a) and (c) have reached equality, fulfilling the requirement for a completion. The DXY has met resistance perfectly at the 93.437 Gann level and, should it reverse, then a...
Apple has topped out right at the Gann level of 157 USD. This level is a 315 degree rotation on the square of 9, measured from the low of March 8. It is 7 times the 45-degree rotation, and 7 is usually associated with the completion of a cycle. As the Elliott count showed a completion of 5 waves up, this gave us confidence for a short trading idea. We may look...
DXY has met resistance perfectly at the 93.437 Gann level. As we can count 5 waves to the upside (green count) we can assume that wave (c) is complete. That means the entire wave B or 2 (yellow count) might have come to an end. An idea could be to prepare long EURUSD exposure for example, if you don’t trade a DXY derivative directly. What’s next? We need to...
As expected, Bitcoin has retraced into the 50-60% retracement area (blue box), giving us a very nice trade. Currently price finds resistance at Gann level 48608. In the Elliott wave count, wave (b) is potentially complete right at the Gann level. We should observe if sellers step in from here and push BTC below the red trend line. In that case an idea could be...
The DXY has found support on the 20 week MA (in red), but one more move down may be ahead of us if DXY gets rejected at the 50-60% retracement level (blue box). The Gann level at 92.950 can provide orientation for an end of the current move. Bearish: Wave C needs to be completed. Gann level at 91.510 may provide support. Afterwards we may look for a volatile move...
Gold currently finds support on the 1789 Gann level but was rejected by the 21 Day MA earlier. Still looking for wave B (bearish) or 2 (bullish) to unfold into the 50-60% retracement area (blue box), possibly towards the 1726 Gann level. Venus square natal Jupiter on 17 September may provide downside volatility and a local low. DXY trending higher is in alignment...
Looking for wave B to the upside towards the 48200 Gann level, where we get confluence with the 21 Day MA as resistance. The upcoming planetary aspect on 14 September might give us bearish volatility or, alternatively, cause a breakdown if BTC drops from here. In that case it may form a local low as the constellation passes. _________ In my analyses I combine...
In my analyses I combine Gann theory, Elliott waves and planetary constellations to identify turning points in the markets & derive high-probability trading ideas. The goal is to build leveraged positions when markets are likely to develop momentum, and to use options premium decay for consistent income when markets range. Please follow if you like this content:...
In my analyses I combine Gann theory, Elliott waves and planetary constellations to identify turning points in the markets & derive high-probability trading ideas. The goal is to build leveraged positions when markets are likely to develop momentum, and to use options premium decay for consistent income when markets range. Please follow if you like this...
After yesterday's selloff we are looking for a potential bounce. On-chain metrics and BTC supply on exchanges give us a rather positive sentiment, however price action is very weak.
Hi traders! This is an analysis for ETH with two ideas for a long trade, and why Ethereum might continue to go higher. Happy trading!
Hi traders, BTC is potentially at a critical level. This is a brief analysis what we might expect next! Happy trading!
Hi traders! I believe that Baidu is at a critical level here. Watch the analysis to see what we can expect next. Happy trading!
Hi traders! My analysis for the upcoming week. Happy trading!
Hi traders! Tesla has arrived at a critical level today. We have two possible counts: Bullish: TSLA is in a smaller wave (iii) (green). This wave has to break the channel to be valid. We can expect some manipulation in this zone, so the breakout has to be significant and with volume. If that happens, we have completed the larger consolidation and can look...
Hi traders! After yesterday's crash Cardano has bounced back nicely. But when we look at the waves in smaller timeframes we can see that these are not impulse waves. This should give us a warning sign that we are not out of the woods. Looking at the bigger picture, a 5th and final wave down is possible! Levels The VPVR indicates resistance volume at $1.47 and...
Hi traders! Square has completed a 5-ways impulse move up, and we have shorted it at the end of wave 5 to capture a potential breakdown in case the Nasdaq falls. If that does not happen, we will take profit and invert the position into a long. The green box is our long entry (LE) where price may reverse with high probability, however the other fib levels are...