We had a lot of fun riding this explosive short squeeze. But this may be the perfect bull trap. The sentiment among short term traders is very bullish. Also, recognize the perfect shoulder head shoulder formation, this is too good to be true. We may go a litte higher, but according to our wave scenario, there is one more massive downwave missing. This selling...
As assumed in the last analysis, Bitcoin had already terminated the correction (dashed blue) and initiated the continuation of the trend upwards. The break above 4365 confirmed this assumption and led to the expected test of 4449. 4365 was also the latest time to close remaining short positions of the corretive down wave (dashed blue). Thats why we said...
The last analysis took place on 11.04.2017. We waited for the start of a major correction wave. It was noted that the air would become thinner for the bulls. But the defined trigger marks for the short signal were neutralized since 12500 was exceeded. This also meant that our correction scenario was no longer relevant. The Dax has started the big...
After the last analysis from September 7, the Eurostoxx did not fall below 3363 and thus continued its forecasted upward trend. We were right in our expectation that the index didn't touch 3400 anymore. You can read the old forecast here
This develops to a perfect trade. Now we...
The following chart shows Ethereum compared to Bitcoin on a weekly basis. It is impossible to classify the movement since 02.11.2015 as impulsive wave. It is much more likely that a complex correction movement will take place here. This structure still has the potential for higher prices. Especially if the support 0.063 remains untouched, a dynamic upward wave to...
As we forecasted in our last analysis, Bitcoin moved towards 4100.
Is the corrective wave over? The blue dashed wave (Diagonal) is finished, but chances are high that we see another (blue dashed) downwave towards 4100-4000.
A break of 4167 would trigger this down-wave towards 4100-4000.
At 4100-4000 there is a high chance for a bottom and another upwave towards...
Bitcoin ended the upwave starting from 3490.
The question is, how far will the corrective wave go now? And after this corrective wave, will there be another upwave?
A break of 4200 will likely cause a move to 4100.
At 4100 there is a high probability for another upwave towards 4555-4600.
A break of 4380 would confirm the expectation for a move towards...
Our last signals for Bitcoin were quite ok.
There should be one more shorting opportunity.
If 3960 remains untouched, a break of 3692 would be a signal for more weakness.
A break of 3650 will likely cause a move to 3480
Traders who love risk and early entries can open the short position at 3840
Stop Loss 3960
Bitcoin broke the stop loss for the long trade at 3810.
In the last Bitcoin analysis we forecasted, that a break of 3810 would trigger a move to 3700 and 3500.
there is even more selling potential.
3300 is the next big support .
a break of 3760 would trigger a move to 4110
As we said in the last analysis, 3800 would be the optimal point to buy more longs.
This price region wasnt fully reached, looks like the bulls are in a hurry.
Anyway, the long position from entry 3500 is still acitve.
Stop loss for the rest of the position is now at 3810.
We expect a dynamic upwave, next target is 4120.
A break of 4120 generates further...
The upwave behaved exactly as forecasted. 4000$ was a good resistance to take some profits.
At 3800 traders may find a good opportunity to increase the long position again.
But be careful
A break of 3700 will likely end the uptend and trigger a new selling wave heading to 3460.
A break of 3460 will cause more selling pressure. In this case expect 3000 to be...