About meI've been trading for 4 years, currently enrolled in Economics degree.
My predictions are based with numbers and other cooperative components that have a larger influence in markets wavelenghts.
Lets cocreate abundance.
BTCUSD is moving inside an ascending triangle, after it has broken a strong bearish trend. Look for possible retracements to enter in a long position. Beware of false breakouts due to this compression phase, if breaks the trend, that will be our invalidation zone and stop loss.
Eventhough we have a weekly bearish signal, price action is indicating more bullish pressure. Hence why the targeted locations for better risk reward setups. Always wait for pullback to enter after confirmations.
This is a continuation of the US500 trade idea posted a while ago. I applied Elliott wave theory and fibonacci extensions in market geometry to predict key zones in price fluctuations. As I found Elliott studies so poetic and inspiring, I decided to do a twist with the name :) We are going for the bullish 5th wave. Look for signs of support around 3131 and enter...
We are witnessing some exhaustion in the uptrend movement, we are going to test the green trend line. after we touch the green trendline, check if price bounces or breaks it, even though we believe there's more chance to break it. its gravity... powerful law.
We are forming an Elliot triangle correction pattern. At the moment price is consolidating at the tip of the wedge, expect a contraction in volume as we consolidate and gain momentum go up. When we do, it means BTC also broke the 2years old trend line, and we will be having a nice bullish season. Be aware if we break the base of the triangle, it will invalidate...
This is an update idea regarding the other post. We've witnessed a big gap that brought the the price artificially above all resistances levels , but it bleed all the way down. Technically it's forecasting a red report for US tomorrow if keeps following #Elliott principles.