Hello traders and investors! Today we will talk about cryptocurrencies, specifically NEOUSD, its price action from technical standpoint and wave strcuture from Elliott Wave theory. Well, we all know the king BTCUSD is in a massive rally, but this si mainly because of BTC.Dominance, while other weaker ALTcoins remains slow, sideways and under bearish pressure....
Low interest rates and QE from central banks caused strong bullish trend across different assets. But what we see for the last few months is pullback on gold and US bonds, while stocks are printing new highs due to covid-19 vaccine that brings back optimism for move” back to normal life and economy” in 2021. However, stocks are very high and they may face a...
Hello traders and investors! DXY – USD Index is in an impulsive decline and seems like there's room for more weakness to complete a five-wave cycle from November highs, ideally once a wave (4) fully unfolds. While we are approaching the end of the year, we may see a slow down in wave (4) during holidays due to end of the year flows, position/portfolio...
Hello traders and investors! Today we will talk about cryptocurrencies, specifically the strongest Bitcoin and its price action from a technical point of view and wave structure from Elliott Wave perspective. Cryptocurrencies are up yes, but ALTcoins not so much, so strong rally on BTCUSD is mainly because of BTC.Dominance, which we see it still dominating in...
Hello traders and investors! As we all know the stock market has recovered very sharply and fast since March when we saw a strong drop following coronavirus lockdowns. The monetary policy has quickly changed and caused a rebound on financial assets after QE, stimulus packages, and lower rates. Stock indexes are higher, some even beyond March levels even though...
Hi traders! USDCAD has at the beginning of November of 2020 broke out of a triangle correction, which was located in wave 4, and started trading impulsively lower into a wave 5 of a bigger, bearish trend. At the moment we are observing a five-wave move to be underway within a sub-wave iii of 5, which can extend its weakness towards the Fib. ratio of 1.618 (1.257...
Hello traders! Despite the fact that BTC made strong and impulsive rally, it was mainly because of BTC.Dominance, but most of ALTcoins remain quite weak. As expected already 2 months ago, DigiByte is coming nicely lower within wave "c", which should be made by a five-wave cycle and it seems to be unfiished. So, keep an eye on projceted support in the 0.015 -...
“Shock-Reversal-1-2-3-4” is a model or cycle that occurred on VIX a few times since 2018. What is important is to recognize in which stage of that cycle the VIX is currently positioned. We see fear dropping as stocks are recovering since March as investors are less concerned about the potential risk-off because of QE and vaccine solution to coronavirus. But we...
Hello traders! Today we will talk about OmiseGO (OMGUSD) and its price action + wave structure from Elliott Wave perspective. Some cryptocurrencies were in a massive and impulsive rise since March and one of them is also OMGUSD, in which we clearly see a five-wave bullish cycle into wave A/1 on the weekly chart. We know that after every five waves, a three-wave...
Hello traders! DAX made nice and impulsive bounce from projected support after we noticed a three-wave A-B-C corrective decline, so it's turning back to a bullish mode, mainly because of recent break above trendline. However, watch out for a temporary short-term pullback to fill that open GAP, which can actually retest that daily trendline with potential support...
Hello traders! AUDNZD and S&P500 are in positive correlation, not tick by tick, but mostly they are moving together. Even when we see a deviation, they sooner or later somehow catch up each other. Well, after recent mess up and down on S&P500, seems like it remains bullish, it's just in consolidation mode before the uptrend resumes and it can be easily...
Hello traders! Today we will talk about 10Y US Notes and USDJPY, their price action from technical point of view and wave structure from Elliott Wave perspective. As you may already know, 10Y US Notes(treasury bonds) and USDJPY are in negative correlation. So, after recent big sideways price action and corrective consolidation, the pattern is becoming clearer...
During my regular weekend charting I was looking at the SP500 and compared current development to 2016 US elections when stocks turned up aggressively higher. But before market resumed higher we saw a top in August then retracement followed by a bounce after three leg correction. This time, I see very similar development, which can be the case if Trump wins. In...
Hello traders! Gold is very interesting asset that will always be on investors watchlist, especially during unstable period like we are facing now, and with QE in full force, I think metals has plenty of room to rise. From a technical point of view we see Gold moving to the downside since August, but the price action is very slow and choppy with overlapping wave...
Hello traders! Today we will talk about Ethereum (ETHUSD), its price action from technical point of view and wave structure from Elliott Wave perspective. Well, BTC is in a massive rise but this is mainly because of BTC.Dominance, which is after a long time, finally back in the game and it can be just the beginning of a new cycle. That's why ALTcoins, such as ETH...
Hello traders! Today we will talk about crypocurrencies, specifically DigiByte (DGBUSD) and it's price action from Elliott Wave perspective. Cryptocurrencies are turning to the downside together with stocks after that strong and impulsive rally from March lows. Why cryptocurrecies follow the stock market is because they are not generally in use yet and they are...
Hi traders, Intel corporation can be trading in a bullish impulse, up from 2008. We can see completed legs (1), (2) and (3), meaning price activity since the beginning of 2020 can belong a a corrective wave (4). We see sub-wave C of (4) underway, which can look for support at former swing lows, and at Fib. ratio of 50.0 (43.7/42.4 level). trade well, the...
Hello traders! Today we will talk about Ripple (XRPUSD), its price action from technical point of view and wave strcuture from Elliott Wave perspective. Ripple is moving to the downside since August with a five-wave drop from the 0.3295 highs. So, this appears to be wave A, as part of ongoing bearish reversal. In fact, current recovery looks very slow and choppy...