Looks like gold is on the cusp of what might bee a significant slide. I called the first selloff too early, but this one looks like the one.
Ether looks to be going to test the current £248 ceiling for a 3rd time. I think it goes and we proceed upwards.
I think we have just come off a 3rd wave completion and are now at the beginning of a 4th-wave consolidation. The $166-$180 range presents a reasonable buy area for the final 5th wave.
I think we are to see one more dip to the downside, If you had traded this you are certainly sitting pretty, but this final wave will be volatile so exercise caution and allow for reasonable stops. Here is were we came from.
Bitcoin looks unstoppable so far. We have had some consolidation off the $3806 handle, which was followed by pretty significant buying. As a result I'm looking for $4700 before we see any more significant consolidations. However, this looks like a last wave up before a significant correction so it may be really complex on the way up.
NEO keeps looking more and more interesting with the potential to break into either direction. The price range to keep an eye out for is $50-$52, where I think the proceeding development will determine direction.
I think we are still longterm bullish based on the longterm view shown below, however when we look closer, we see that the current decline has two scenarios. Interesting enough Tesla -2.50% looks this way just before Q2 earnings report so my guess is the report should surely serve as a catalyst.
Netflix through the roof, but I would be careful as we go higher. We have been bullish for a very long time with minor consolidations so once people decide to exit except a substantial correction. We have had better than estimate earnings for almost whole year until today, so a lot is driving this play. This is the first below 'expected' in a year so it could...
The Euro is currently having a really strong bullish run, but we are reaching some interesting levels as indicated by Elliot wave as well as pattern analysis. LONGTERM CYCLE
Finally we see a sell-off in gold, I was too early on my previous call, but my last call finally came through. I think we continue on a bearish trajectory, however, there is a case for this being a minor consolidation.
NEO looks to be consolidating for a 4th-wave which could take us to $30, however, I think we get a bull-move out of there to about $50
Looks like we may be at the start of a longterm bear move, Ive been waiting really long for this play but I think now might be the time. Ill update as we get more price action.
Its a little too early to call a short , but I think we could be at the beginning of a dip. We have the market teetering off at the 61.8% retracement level of the first bearish impulse, and volume has dried up as we have continued to rise. Definitely one to watch and I will be updating this as we get further developments.
I think we get some bullish momentum coming into BTC, but there some interesting levels to keep an eye out for as it looks as though we are completing a cycle.
The bottom posted at about £100 seems to be holding on quite firmly and I think we may see a break for the upside. two levels I'm watching for are £228 and £281 for a potential pullback, but I think the trend should be up longterm. If we do see a decline now, I think we chase the £133 handle and then begin a bullish run.
Gold looks to be forming a relatively balanced week. I think we come up to test the 1265-1267 area before falling into a substantial bear move. Im looking out for good short-side entry. Longerterm analysis
Bitcoin looks as though its bottomed out, but lets exercise caution.