Hello traders!
Today we will talk about OmiseGO (OMGUSD) and its price action + wave structure from Elliott Wave perspective.
Some cryptocurrencies were in a massive and impulsive rise since March and one of them is also OMGUSD, in which we clearly see a five-wave bullish cycle into wave A/1 on the weekly chart. We know that after every five waves, a three-wave...
Hello traders!
Today we will talk about crypocurrencies, specifically DigiByte (DGBUSD) and it's price action from Elliott Wave perspective.
Cryptocurrencies are turning to the downside together with stocks after that strong and impulsive rally from March lows. Why cryptocurrecies follow the stock market is because they are not generally in use yet and they are...
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GBPAUD is clearly bearish, as we see a sharp fall in impulsive price activity down from 2.085 high. We are tracking a so-called impulse, a move that is structured by five waves, where two of them are corrections. Now, we are tracking a wave 4 correction which started at 1.768 level, and it can climb a little higher as corrections are made by three...
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Today we will talk about BNBBTC and its price action from Elliott Wave perspective.
BNBBTC is clearly bearish, but it's obvious that is slowing down. However, we still see room for more weakness, especially because of the recent three-wave intraday corrective recovey only. So, it's ideally unfolding a bigger ending diagonal (wedge pattern) into...
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Today we will talk about Silver and its price action from Elliott Wave perspective.
Metals are in an impulsive rally, especially Gold, but since March, Silver is doing much better if we take a look at the GOLD/SILVER ratio, which is now turning bearish and there's actually room for more weakness after recent corrective slow down. So, it means that...
Hello traders and investors!
Today we will talk about Bitcoin Dominance and its wave structure from Elliott Wave perspective. We will also show you how it can be useful in analyzing XXX/BTC cross pairs with the help of EW.
If we take a look on BTC.D daily chart, we can see a sideways consolidation for almost a year which usually suggests a corrective movement,...
Hello traders!
Today we will talk about stocks, specifically SPY (S&P500 ETF) and its price action from Elliott Wave perspective.
At the beginning of June SPY turned sharply and impulsively down, clearly with five waves, which in EW theory actually indicates a bearish reversal at least in three waves A-B-C.
Currently we can see it finishing a corrective wave B,...
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Today we will talk about XMRBTC and its price action from Elliott Wave perspective.
XMRBTC is sideways since 2019 and it's ideally forming a big bearish triangle pattern in wave "iv", which means that we should see even more weakness and sooner or later we may see new 2020 lows that can send the price down to 0.0060 - 0.0050 area, if not even...
Hello traders!
Today we will talk about US Dollar - $DXY - USD Index.
DXY was in a big sideways consolidation since March, ideally within a bearish triangle in wave B. Currently, we can see it finally breaking into new lows for wave C that can stop in the 97.50 - 96.50 support zone around important 61,8% - 78,6% Fibonacci retracement and from where we may see a...
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We want to update GBPJPY chart, which is moving nicely higher as expected and there's more upside potential at least towards 141 level for wave "c", if not even higher as part of wave "iii".
Anyway, we are always looking for minimum expectations and seems like GBPJPY can see at least one more leg up to complete a five-wave cycle within wave "c" or...
Hello traders!
Today we will talk about GBTC - Grayscale Bitcoin Investment Trust from Elliott Wave perspective, which is telling us where Crypto investors are hiding.
As you can see, in the recent rise, GBTC came to the upper triangle line in three waves A-B-C only, so recovery looks corrective, ideally for wave (d), especially if we consider a triangle in wave...
Hello traders.
Today we will talk about Bitcoin from the Elliott Wave perspective.
After that strong and impulsive rise in the first half of 2019, BTCUSD has slowed down in the second part of 2019, but clearly with slow and complex W-X-Y corrective structure that can be also finished with an ending diagonal (wedge pattern) in wave Y, which is actually a powerful...
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Today we will talk about Bitcoin and its dominance!
Well, as you know BTC Dominance is in the sharp rise and looking at the current wave structure, it doesn't look like it's already topped yet!
A potential continuation triangle formation can be also seen in the ETHBTC chart, which means that BTC is still leading!
So, in our opinion, based on many...
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Today we will talk about US Dollar and Bitcoin!
We have noticed very interesting patterns and correlation between US Dollar and Bitcoin.
In the first chart we can clearly see bearish setup on US Dollar after that sharp and impulsive decline followed by a three-wave a-b-c expanded flat correction back to ideal 61,8% Fibo. retracement. At the same...
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Today we will talk about stocks, specifically Nikkei and why USDJPY can see higher prices.
Well, as you may already know, in EW theory after a three-wave corrective decline, the trend should remain to the upside. This is what we see in the stock market all the time. However, Nikkei got our attention, because we can see a nice five-wave rally after...
Hello traders! Today we will talk about positive correlation between stocks and xxx/jpy cross pairs, while we are in RISK ON sentiment.
Well, as you know, stocks are in uptrend and there can be room for more upside once a bigger correction fully unfolds. At the same time, xxx/jpy pairs are usually in positive correlation with stocks that can be clearly seen in...
Hello traders!
Today we will talk about Kiwi (NZDUSD) and we will show you how EW works in details if you have the right approach!
Well, Kiwi made a nice five-wave rally with extended wave (v) into a wave "i" last week, which in EW usually suggests a bullish reversal! So, after every five waves, a three-wave pullback follows in wave "ii", and as you can see, at...
Hello traders!
Today we will talk about treasuries (10year US Notes) and stocks (S&P500).
Well, as you may already know, treasuries and stocks are more or less in negative correlation and what we have noticed that 10y US Notes can be forming a big bullish triangle, while S&P500 can be finally finishing a five-wave rally from lows.
In EW theory, triangles are...
