Traderfriends

Traderfriends

The Yen pairs have been dominated for quite some while now. The last impulse wave on the Daily has not corrected a 38 FIB or more yet. We can expect downside because of that. Momentum is slowing down and the shift might happen this week. It will all come down to the USD news. The news might be the potential trigger to push price down for a healthy correction.

Traderfriends

CME gap closures are a strong indicator for BTC behaviour because the formed gaps have a chance of over 90% to be closed. We should therefore always consider CME futures gaps to be closed with a very high chance. Current situation: We are approaching the 20K-21K gap which is close to major support around 16,5K-17,5K area. Expect price to dip down before we might...

Traderfriends

CME gap closures are a strong indicator for BTC behaviour because the formed gaps have a chance of over 90% to be closed. We should therefore always consider CME futures gaps to be closed with a very high chance. Current situation: We are approaching the 18K-19K gap which is close to major support around 16,5K-17,5K area. Expect price to spike down before we...

Traderfriends

Our bearish H&S pattern prediction from Oct 12th is still valid and has room for price going to lower levels. Reasons for more downside: - H&S price target is not hit yet and is aligning with a support zone from winter 2020 - we could approach a capitulation phase making it attractive for big investors and institutions to position themselves - CME futures gap...

Traderfriends

CME gap closures are a strong indicator for BTC behaviour because the formed gaps have a chance of 93.9% to be closed. The last gap was filled to the dollar accuracy - check out the related video idea. Some math for understanding: We have a total number of 82 trading weeks on the CME futures. Every week a gap is formed. The total amount of gaps not being...

03:28

Traderfriends

Greetings Traderfriends, in this video I present you another idea that might be considered for everyone who wants to hit that sweet spot and buy in cheap for Bitcoin. The Bitcoin CME future gaps are most likely to be filled with a high probability. We are heading downards to the 32-33K gap opening which might be a potential area for a trend reversal and the bulls...

08:58

Traderfriends

Looks like the 4th wave is complete and we can most likely expect the 5th wave starting very soon! According to Elliott Wave theory we are following these rules: When Wave 3 is less than 1.62, the 5th Wave overextends itself. From research, the ratio of Wave 5 will be based on the entire length from the beginning of Wave 1 to the top of Wave 3. Now we have 3...

Traderfriends

Looks like the 4th wave is complete and we are taking off with the 5th wave starting! According to Elliott Wave theory we are following these rules: When Wave 3 is less than 1.62, the 5th Wave overextends itself. From research, the ratio of Wave 5 will be based on the entire length from the beginning of Wave 1 to the top of Wave 3. Now we have 3 possible...

Traderfriends Updated 

As of now we most probably are in the 4th elliot wave and can expect another wave up before a ABC correction. It is not unlikely that we might see the current 4th wave to be longer since we only reached a 23 Fib of the 3rd wave - usually the 4th wave goes in 38 - 50 Fib areas. The 5th wave has targets around 83K or when extended even very close to the 100K...

Traderfriends

With BTC hitting 57K+ as of right now (12th october) the crypto market seems to prepare for the next huge bullrun. BTC broke almost all resistances and is close to the ATH. But you can also feel lot of nervosity and FOMO. People are euphorically buying, feeling safe and want to stack up on their BTC and altcoins. Here is why we see possible downside before we lift...

Traderfriends

Hi Traderfriends! A short introduction about me: Trading for 5 years now. Love to keep it short and simple. Verified track record trading Forex, CFDs, Gold. My overall outlook: Markets are still driving small investors crazy trading inside the range after the crash. Our crash high zone 41-43K and our crash low zone is at 28K-30K. Simply buying in at the...