Hello traders, and welcome to our new update regarding the GBPNZD, where we will focus on the intra-day structure. Let’s dig in! GBPNZD looks to be trading in a bullish impulse since end of February, which means we expect a five-wave movement to unfolded to the upside. As we look closely, we can see four of the five needed sub-waves unfolded, which can mean that...
Hello traders! What a perfect bounce on Cryptos and also BITFINEX:LTCUSD ! As you know we were expected a three-wave A-B-C correction down to ideal 61,8% Fibo. retracement, which seems to be completed after perfectly reached our support projections. It's very important to look at correlations between cryptocurrencies and we talked a lot about that in past...
Traders, welcome back to our new video analysis!! Its been more than a month now since I posted latest video, but simply I will not update every tick by tick and tried to call any new leg if I do not have a clear view or enough price data for next prediction. Remembers, market has to breath. However, we still posted a lot of chart updates and showed the right...
Hello traders, After spike down on Cryptos we took a look on some ALTcoins and saw interesting pattern on BITFINEX:XMRUSD . As you can see on daily logarithmic scale chart, Monero still looks bullish despite big correction since December 2017, so seems like five-wave rally is not completed yet. On 4hour chart we are tracking wave IV correction, which seems to...
When we look for reversals, it's very important to wait for confirmations, which in our case would be five-wave rally. If we take a look on 4hour chart, we can see a potential “Double Bottom” pattern, from where we clearly see a five-wave cycle in forming towards 250-260 levels, which would confirm that bottom can be in place. But if from any reason sharply drops...
10 year US notes can be trading at the end of a higher degree wave III. Specifically we see price unfolding an overlapping price movement within sub-wave 5 of three, that looks more and more like a EW ending diagonal. The speciality of this pattern is that it can cause a sharp a strong turn into the opposite direction, in our case into corrective wave IV, which...
Here is EURUSD... 3-3-5, we know the pattern? Yes, can be a flat here, a bullish one, and if we consider that big trend is still up since start of 2017 why to fight it, right? Normally when new traders joins the trading filed they will track and trade the one market only. Firstly only BITCOIN, then they move to ETH, then XRP and after year or two they will...
BITTREX:ETHBTC looks pretty clear with five waves up from lows and regular 3-3-5 three-wave A-B-C correction. ETHBTC currently trading in wave (4) of C from where we expect another decline into wave (5) of C towards 0.070 psychological strong support level, where ETHBTC may come to the end of correction. Just keep in mind that we need impulsive five waves up from...
Aussie is seen bearish if we consider that five wave fall through January and down to feb 09 low. More importantly, a bounce from there was slow and overlapping in seven waves; clear corrective recovery which stopped at 61.8% Fib level. Also there is a chance for a H&S top formation if neckline si broken which can cause a drop down to 0.78
After many requests and very nice price structure on BTC and ETH I decided to make a new video update. It looks like cryptos are turning, but to make sure we go higher it would be nice to see NASDAQ100 turning up as well. Check out video for more details. If you see value in video please like this video or leave me a comment below. thank you. Grega Oh, and...
Hello traders! We got a lot of requests about our view on BITTREX:ETCUSDT due to upcoming rebranding. So, from technical perspective ETC looks bullish after we saw a big three-wave A-B-C corrective decline from highs. Even if ETC lost more than 60%, still looks corrective within uptrend. So, as you can see ETC has already broke channel resistance line and it's...
Hello traders, we are here for you even on Saturday! Having a cup of coffee we are going through some Cryptos to see what's going on and we saw something interesting. Well, as you can see BTC went sharply higher while some ALTcoins stayed sideways and many traders started to speculate, that correction can be completed at this stage, but we are talking all the time...
BITFINEX:BCHUSD lost around 80%, but decline looks like correction within uptrend. Why? Well, there are many factors. If you take a look on weekly chart, you can clearly count five waves up from lows, which means we are in a bullish trend. When BCH hit 4000 at the end of December into wave (V), there was a sharp drop and correction has barely started, because...
On BITFINEX:LTCUSD we can see sharp decline into wave (a) and then slow sideways corrective move into wave (b) back to ideal 61,8% Fibonacci retracement. Current drop from wave (b) resistance looks like motive wave, which should be completed within five waves into wave (c) and as you can see, there is still room for more weakness towards 95-80 support zone,...
Gold is turning lower, now trading beneath channel support line so we see metal in a new corrective wave. It's wave B that can be looking for a support at 1330 or maybe even at 1307-1316 area if we consider that B wave normally retrace at least 38.2%. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice....
We went through some XXX/BTC crosses and saw interesting pattern on BITTREX:VTRBTC (vTorrent). Well, since we saw a potential bottom on cryptocurrencies, there's some new opportunities on ALTcoins and one of them is vTorrent, which has clear five waves up into black wave A and three-wave correction into black wave B. Currently you can see it's already bounced...
GBPNZD is trading lower, after a three-wave rally unfolded from 1.8617 level as part of wave 2. Current decline can now be part of a new bearish cycle, that may take days or weeks to fully unfolded, with sub-wave 1) leading the way. A closer look even suggest that sharp decline can be part of sub-wave 1), and can take price towards the 1.880 region, where...
Good day to all of you! After so many request I had to make a new video update here on Bitcoin and also ETH. Decline in the last few days is quite dramatic, with BTC finally hitting our 8k region, but again, its too early to call a reversal with current price structure. If you like video please support me and give me a thumps up, or leave any question you may...