Actually BITCOIN in wave 5 motive movement and sub wave (i) is was finished. Perhaps the price will going up to reach retracement 61.8% - 78.6% and I predicting from there, price will turning down !
I've just get new perspective !! Oil , it can be in movement wave 5 right now. and I assume that wave 4 was done long weeks ago ( it formed as expanded flat )
It is good to see when your prediction get true,right?? And that is what I feel right now :) However, please only open buy position if the price is upper of orange line Enjoy my free idea. And hope you give me your like. I appreciate it if you do that. Thank you
Hello traders, A couple days ago, I already posted my analyze about bitcoin and...today April 16,2020, I am very excited to see the movement of bitcoin, which it truly go down :D From my experience , diagonal pattern always a sign of dramatic reversal that is why ,as you can see, Bitcoin get more down in this day. Well, if price get more lower from orange...
Before I give explanation, I hope you follow me and give me your thumb,so then you can know every posting trading idea of me. Ok here we go , WHY YOU MUST SELL BITCOIN ???? Because there are 2 reasons : 1) Ending diagonal of subwave (c) of Y 2) Y is 61.8% extension of W to X However , if price is drop below the orange line, so then we can open sell position
I see USDCAD is already in subwave c as part of wave y. If sell is too risky, because it is almost oversold . I assume the distance of Y is 61.8% extension from W to X
If price hit C then there is reversal candle bullish overlap the orange line, then I will buying this oil. No need hurry!! Be safety. And always come late to the party is better choice :D
in my opinion, oil will do last bullish motive in correction wave
I've another opinion of bitcoin, which it can going up ONE MORE TIME until hit extension 161.8%,and after then..bitcoin will turning down ! **From my experience, that Wave C is maximum 161.8% extension from Wave A to Wave B. It can also extension 100% or 123.6%. ** In ending diagonal ( wave 5 or wave C ) , that sub wave 4 can retracement more than 38.2% , so...
In fact is there was a triangle ( wave X ) as complicated consolidation which seller more powerful than buyer. X is connector between W and Y And in Y , price already made sub wave (a) and (b). So it means, from April 13-17, 2020..USDCAD getting deep down to finishing sub wave (c)
I assume ending diagonal as wave v was finished on yesterday !! Bitcoin willing go down to make 5th wave
Yesterday, I predicted that Oil will get down one more time, and it became true !!! Now price in wave (b) , I assume oil will going up
On monthly timeframe, I've just found this Gold can going up to 2028.46 !!!!
Gold on daily timeframe look hit 88.6% May this time will turning down . If price keep go up until breakout invalidation level 1707 , so I am wrong
Bitcoin is want to climbing one more time .
Oil in wave IV movement. Wave (a) was done, and oil look like to finishing wave (b). If price down until get into zone wave (b) between retracement 61.8% - 78.6%, and there is candlestick confirmation like hammer / morning star, then it is valid to open LONG position .
I did mistake when labeled wave 1 as leading diagonal , so I repeated count the wave of Gold and sell zone seems on 1664 point
Gold seems complicated !! It still making the complex consolidation. Better just be neutral in this time !