BTCUSD is trading in a big impulse since August of 22. We know that impulses have five-waves, meaning more upside can still follow on BTCUSD. Ideally current bullish activity is part of blue wave 3, that can reach area near the Fibonacci ratio of 2.618, before a new three-wave temporary correction into the following blue wave 4 follows. Disclosure: Please be...
Bticoin did not move much in the last 24 hours, so our view remains unchanged. We are still looking up and expecting a break to new all-time high this week as recent set-back to 4150 unfolded in three waves. Its a contra-trend move which suggests that bullish trend is still here, for 4500, maybe even 5000.
BTCUSD is trading nicely bullish, now breaching well above the channel line. We see current price activity as blue wave 3 with projection target of 2.618. That said we may see price reach levels near the 5000 region.
Litecoin is following our prevoius count really nice. It hit our projected target a 62! But be aware of fifth wave out of triangle. We could see a big decline with bigger correction soon.
Bitcoin is following our predictions very nicely for the last few days if not weeks. In the last 24 hours price made a nice spike and turn up from 3600 area where we see evidences of a completed wave IV correction. Reason for a bullish view is a five wave rise in wave 1, so more upside can be in the cards after wave 2 set-back to 3900/4000 level. Disclosure:...
Bitcoin made a nice pullback down into wave c of four in the last few days about we talked already last week. We see a flat that can be near completion with a 3-3-5 formation. If that is correct then bitcoin should recover above 4k soon which would be confirmation for further upside into wave five that will be targeting new highs.
We see Ripple at the end of correction in wave 5 of C after triangle in wave 4 with support arround 0.11. It's also a nice psychological support which could be achieved before the correction is completed.
AUDUSD has finally turned up after very deep, slow and overlapping price action, that we see it as wave 4). This leg now appears completed after recent break out of a downward channel that we see it as start of a new leg up; wave 5) back above 0.8070. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment...
Dash broke to new highs from an alternate wave 4 as we also showed on chart as one possibility in our past updates. As such we are going with this bullish count now since we see DASH in strong bullish movement wave 3 of 5 with first target @300, because of psychological level right at 261,8% extension of wave 2.
Bitcoin can be in a corrective downward move of wave four, currently in sub-wave B so upward reaction can be limited as wave C is expected to cause another dip to 3700 area before set-back can be finished. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
Bitcoin remains bullish after recent pullback down into blue wave 4-circled which found a support at the area of a former wave four. Normally that's an ideal zone for a new leg higher so wave 5 of III can be underway up to 3800.
Litecoin is less popular crypto currency but still with a lot of volatility that can represent investment opportunities. From a technical perspective we are still bullish for a fifth wave up, but not just yet as current correction since July appears incomplete. Corrections are three wave patterns , so expect another leg down; wave C drop to 33.00 support area...
Finally BTCUSD is at a new all time high which was expected to happen after we recognized end of a corrective set-back in middle of July. So far we can see a nice trend up confirmed by higher swing highs and higher swing lows; ideally that's an impulsive trend in progress, currently sill in red wave 3 which can see extension up to 3600/3800 area while market is...
AUDUSD is unfolding a bigger bullish leg, with three bigger sub-waves already completed. We now see price making a three wave pullback into the wave four position of that bullish structure, with potential support coming in with Fib. supports at 0.7880-0.7900 area. Disclosure: Please be informed that information we provide is NOT a trading recommendation or...
We see AUDNZD completing a potential flat correction within a bigger wave 2 with recently touched resistance zone, which can push prices lower. A flat correction is an elliott wave pattern, which consists out of three waves, with a formation of a 3-3-5. This means wave a and b have both three legs and wave c has five. Thats said, hopefully this pattern is now...
Good day traders! German Dax 1.22% and S&P500 0.07% are in negative correction for the last few weeks; with US market trading at all-time high while DAX 1.22% lost nearly 7% since June 20th high. Technically we see US markets entering into bullish mania phase with DJIA 0.28% breaking above the upper trendline of an EW channel. We may see fifth wave rally to...
Good day traders! German Dax and S&P500 are in negative correction for the last few weeks; with US market trading at all-time high while DAX lost nearly 7% since June 20th high. Technically we see US markets entering into bullish mania phase with DJIA breaking above the upper trendline of an EW channel. We may see fifth wave rally to continue up to 24000-25000....
Intraday chart on USDCAD is nicely pointing to the downside into a final push of a bigger bearish impulse. As we look closely, we can see current triangle correction trading near completion, which means hopefully more weakness will follow on the pair. A confirmation for a completed triangle correction is a five wave minor fall and a breach below the former swing...