wolfewave

wolfewave Updated 

If bulls have upper hand at preserving 66k then we are very much likely to keep the move up to 85k in coming days.

wolfewave Updated 

Everything on chart but basically a very strong Wolfewave after a short consolidation and triple top. Here are driving force behind this explosive move * Options expiry, weekly, monthly, quarterly * Triple top in Hourly * H&S in 4HR * Wolfewave in daily * Distribution above 70k the bounce back from under 60 shall be quick, so I have my Profit taking near 60k and...

wolfewave Updated 

BTC going to trade under 50k BEFORE the halving. Pick any halving event, it drops near lows before resuming the uptrend. 4HR appear to be making up the right shoulder and lower high at 71k.. as long as 71k is not broken we will see 61-60 broken on sell side and eventually complete the H&S near 48-50k

wolfewave

Touch and go? #BULLTRAP #btcusd Is it happening? Failed to penetrate back into channel

wolfewave

Everything is in the chart but lets review my take. Leaving wolfewave pattern aside, we were in an ascending triangle which broke down, uncommon but not rare sighting. Bulls were hoping it to break out but if I have learned anything from Bitcoin, it works against all odds. So we broke down and now bulls are trying really hard to get back inside it, which will...

wolfewave Updated 

66k is such important mark that it could make or break the complete trend of Bitcoin. This trend line has been tested 3 times in past and price have risen 24%, 45%, 18% respectively. This time even if its to rise 18% from now, it will bring the price back to ATH. I am tracking a Bearish WW pattern also in 4HR/Daily charts which points to touching near 55-58k on...

wolfewave Updated 

I think this price action was very ridiculous. Not enough volume for me to believe this was a true bear move. It feel more like a bull trap was setup around 71k few days back, and bulls taking revenge by setting bear trap by closing under 66k Extending the bottom / stop to 65k and going long at 65500 now

wolfewave

Similar to few days back, we are back onto a asymmetrical triangle pattern and last time the break out did not lasted long, so maybe the bears will get it this time given that 66k has become new 69k I am opening shorts as risk reward is great. Short at 66, Stop at 69, TP at 60

wolfewave

usdjpy just broken a big support line, shy of a major resistance. I entered shorts around 110.65. I recommend ride it till we close above 111.5 targets 109.5 - 106.5 - we have a Gap up in 4H chart that needs to be filled around 106.5

wolfewave

With major resistance above, I went short USDJPY again around 110.65 with just a single lot. Let's see what the coming weeks has to unfold. NEWS ALERT - Japan hit by 7.5 Earthquake and followed by tsunami warning. May god help them and my prayers with them... on fundamentals Yen will attract safe haven money back. so expecting a quick hit on it.

wolfewave

Pitforked by Wolfes. Quick trade idea for nifty gain

wolfewave

USDJPY is at crucial point of make or break it. Already touching 0.382 retracement from June 2015 highs. I think we are done for this year but its worth waiting before taking any action. Aggressive traders may open a sell order with stop around 111 for a target of 103.5 or a buy order with a stop around 107.5 and target of 111-115

wolfewave

I am SHORT !!! Multiple signs of weakness in all USD charts - I will try and post all charts with major pairs

wolfewave

Short USDJPY at Market all the way to 106.5 with a STOP @ 107.5 Target is around 100.5 or even 99... if 99 cannot be saved then you will see 96 in long term. Estimated time of completion is 1-3 months.. could be very quick trade and within a week as well

wolfewave Updated 

DISCLAIMER: I am short since 103.75 and adding more (averaging) at every pivot high / false breakouts (zero volume/no news) I see 100 in mid term and below 95 in long term and will remain short.. for a quick trade (2-4 days). Here is an idea... sell NOW - Stop at recent pivot high 104.90 and Close at 103.50

wolfewave Updated 

I see multiple bearish waves forming in the various time frames. The easiest and smallest one is for 100-150 pips and can take the pair back to 103.25-103.15 levels. The next wave upon breach of 103 level can take us down to 102.75 and below that we may see 101.35 again