About mehttp://www.ew-forecast.com helps new traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our view and bias as simple as possible with educational goal, because knowledge itself is power!
Hello traders, today we will talk about Bitcoin!
Bitcoin is trading sideways since the end of June, which more and more looks like a corrective bullish triangle pattern in wave 4. One of the main reasons for this view is GBTC - Grayscale Bitcoin Investment Trust in which we also see a bullish triangle formation, so don't be surprised if BTC bounces again...
Hello fellow traders, hope you're doing great!
Let's dig into some crude oil, if you will..
On Crude oil we are observing a minimum three-wave recovery in progress, up from 50.53 area, with latest rally from the 53.52 level being part of a five-wave move within the third leg (wave C or 3). We anticipate to see a temporary resistance, and a turn near the...
Hello traders, today we will talk about cryptocurrencies!
Well, Cryptos made a nice and significant recovery in 2019, which can be considered as a bullish trend reversal, especially Bitcoin, who has been the strongest and the sharpest!
At the end of June we have seen a bigger decline that has lasted till the mid of July, but as you can see in the Crypto Total...
Based on past data on USD Index since 2015, we can assume that August will be another bearish month for the currency. In fact, there is also an Ellliott Wave formation that suggests the same... Question for some of you is, if this is positive for btc? I think yes...
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S&P500 made a nice drop recently, which we labelled it as a wave 4) pullback with possible support near the 2976/2965 region, where former swing lows can react as turning points. A new rally in impulsive fashion would confirm a completed wave 4, and ideally new highs for a wave 5!
Today we will talk about stocks, specifically Nikkei and why USDJPY can see higher prices.
Well, as you may already know, in EW theory after a three-wave corrective decline, the trend should remain to the upside. This is what we see in the stock market all the time. However, Nikkei got our attention, because we can see a nice five-wave rally after...
GBPUSD turned nicely to the upside from the 1.238 level, where a bigger, bearish cycle may have ended. Current rally can be evidence that a low can be in place, and that more upside may follow. At the moment we are observing a five-wave rally as part of wave A in the making, with possible resistance near the 1.257/1.259 region.
Once wave A fully...
Good day fellow traders!
Daily time frame: Gold can be unfolding a higher degree wave C), as part of a bigger A)-B)-C) structure, out of a previous triangle correction. Wave C) is an impulse and may unfold five-waves to the upside, before resistance for wave C) may be seen, and a change in trend may follow. At the moment sub-wave IV of C) can be unfolding, and...
Hello Crypto lovers!
Today we will talk about Bitcoin BITSTAMP:BTCUSD !!
Bitcoin is in a strong uptrend since the beginning of 2019, but current intraday rise seems to be out of a triangle. What do you know about triangles?! Yes, triangles are corrective and continuation patterns, but they usually occur in wave "iv", so after a break out into a wave "v", we...
Today we will talk about Ripple (XRPUSD)!
As many cryptocurrencies, even Ripple made a strong five-wave rally in 2017, but in EW theory, after every five waves, a three-wave pullback follows!
Well, seems like Ripple is trading now in that big and deep (A)-(B)-(C) correction for 2018 and probably even for 2019, ideally back to around previous...
USD Index is in a bullish impulse up from 2018 lows; now with final wave 5) in play. Wave 5) that is unfolding out of a triangle correction can be underway to around 98.50/99.00 region, where bulls may slow down if we consider that legs out of a triangle are final in the sequence, so a higher degree retracement may occur during summer time.
We want to share with you a pretty clear bearish pattern on EURAUD.
Looking at the daily chart, we have seen a huge spike up to 1.6550 level at the beginning of 2019, which we think was the top of wave 5/C, especially due to the decline that followed later and which can be already as part of a bearish reversal!
Looking at the 4-hour chart, after...
Guys, I hope you have a great day,
After a long time here is a new free video update on bitcoin cash.
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AUDUSD has been trading bearish in 2018; it unfolded a five-wave impulsive movement which is now being retraced. We are tracking a three-wave pullback which can be headed up into 0.739/0.745 region (area of former swing highs) before bulls may slow down. So at the moment we see room for more upside, but after red wave B) is finished; ideally near...
Today we will talk about an interesting pattern on EURCAD.
Looking at the daily chart, we have seen sharp and impulsive decline in 2018, which looks like a leading diagonal in wave 1, so it's the first leg away from top that can be a signal of a bearish reversal! The most important thing for us is that we have seen only a three-wave a-b-c...
Hello traders! Let's talk about Bitcoin.
Everyone is already turning bearish, but no one noticed a potential running triangle pattern.
Well, Bitcoin is trading sideways for the last couple of days, which more and more looks like a correction in wave (iv) that can be either a running triangle pattern or maybe even a deeper three-wave setback down to 4650 support...
Hello traders! Today we will talk about USDJPY!
After a big three-wave A-B-C corrective decline in March, USDJPY made a nice five-wave recovery that can be a signal of a completed correction within ongoin uptrend, especially after that possible inverted H&S pattern and intraday W-X-Y corrective pullback. So, if continues higher back above 111.60 region, then we...