BTC seems to have tendency on falling to certain levels that can be aproximatelly presumed by fib levels. I found that this tendency seems to repeat and now it should make last drop down to somewhere between 3000 - 2700 CNY. There will be great buy.
As we crossed fib level on 61.8% of last wave with no quick reverse to up, it is most likely going to hit fib level @61.8% of whole last pattern. Slow decline points on possibility of contracting pattern to develop. If we really hit the level (around 1.112) its good buy signal that has to be handled carefully. Turning point wont be much higher than last top....
Based on previous analysis , i expect this correction to end soon. There is high probability that next small wave will establish declining and will pull a little more down to reach fib level @61.8% of previous advancing wave. This will be turning point, so wave doesnt have to get the shape i expect, it might raise, correct weakly and fib level will be reached just...
My ROC analyzis points on pattern repetition that is currently developing in this pair. I expect a little more advance before possible contraction pattern and declining. Now the price should not get too high, therefore sell oppourtunities are expected and i think there will be many of them, breakout of contracting pattern and weak retracement after first decline...
If price holds on current platform and doesnt fall back, breaking of line will be buy signal. There is a slight chance to fall back, which - if would be stable and wont get back up, will mean decline continuation
Due to elliott wave theory , EUR/USD pair appears to be in 12345 impulse uptrend. Now it looks like correction ABC begun. Im not experienced so i could miss something or put the waves wrong. MACD seems to support my forecast, in near future it should get a green tip as the price will get on B wave of correction. With some analysis and breakout points, it could be...
My tech analysis points on two fundametral trendlines being touched several times. Green lines are walls that are closing in by the time , red lines are to show that breakout happened and it wont correct back .After EMA 200 penetrates green line , im short or long. Circled area shows how smaller trend may continue. Breakout up could bring us up to 700$ price or...
Its funny that i really cannot say anything specific about this, just what you can see. Downtrend is remarkable and continuous, waves dont lie. End of period comes and as i mentioned few times in past, about 70 in bottom peak is expected. Yet we have some time to see this comming, big fall might come sooner . Until then, few waves are left. Not exactly but still...
This is a reversal signal that brought me back to reconsidering where it will go. In my first expectations i didnt count with this usual market symptom, so now the correction. Price might peak up to 240 but wont last for a long. All this is happening for rapid price drop and recovering ability loss. Funny thing is that it causes opposite effect, ability comes back...
