Bitcoin weekly chart. Last major price move on bitcoin saw a fib retracement between swing high and swing low of 786 retracement. We can expect a swing of similar proportions this time around. A 786 retracement of swing high to swing low of this major trend puts the bitcoin price bottom at just above $1000.00. We have just completed a major impulse leg and...
Ethereum will continue its downwards correction towards the lower range of this channel. Target key pivot area around $160. Place your stop above current swing high to manage risk on this trade. A second target would be the bottom of the range.
Ethereum is set for a drive down the road of pain. Ethereum has has left the swing high of a bearish trading channel. Two positions targeting key resistance levels here is good trading. A stop loss around the top of the channel is ideal if your risk allows and offers sufficient trade protection at the top trend line of the range.
Bitcoin has left the swing high of a bearish trading channel. Two positions targeting key resistance levels here is good trading. T1 at s1 around $2361 and t2 around s2 at $2220. A stop loss around $2550 is ideal if your risk allows and offers sufficient trade protection at the top trend line of the range.
Bitcoin is heading south from the top of a bearish channel and a pivot point and will drop in coming days. Targeting s1 around $2360 would be a great 1st target with the greedy money targeting s2 around $2220.
Ethereum is trending bearishly inside this channel and has just made a swing high. I expect a fairly dramatic devaluation of price here as the price moves to the lower end of the channel. A reasonable target if the bearish retreat ifs confirmed with bearish price action would be near s2 around the $190 region.
A Triple bottom is a strong and reliable reversal signal. eurusd has significantly bounced of the 105.300 region twice this year already both times producing a bullish push of over 800 pips. Sokyu Homna the famous Japanese rice trader who was made an honorable samurai due to his trading ability taught buy a triple bottom sell a triple top. A complex corrective...
A triple bottom has formed on the eurusd close to the 106 region. A large complex corrective pattern has held price to a sideways movement since mid 2015 and has now likely started a bullish impulse. I feel 2017 will offer a bull market on this pair.
2017 will be a sell off for the usdjpy as correction wave b completes on the daily cycle introducing the worst of the bear market in wave c. Usdjpy has had a long bullish push from early 2012 and 2017 will complete the correction.