Finally a completion of a 3 level moves for USDCHF! Last week, the analysis point us towards a drop in USDCHF for week 52, and fortunately it did end up a lot lower with a new level 3 zone. This three level downward moves did throw me off a little with the high of level 2 zone getting to same level as zone 1, it triggered my paranoia of a high/low rest. Currently...
This chart projects possible SPX price ranges into 2019 and 2020. I encourage you to draw your own conclusions, but would suggest that, at the close of 2018, the risk/reward profile of the index looks increasingly unattractive. -PG
There is a possibility of an inverse H&S that might complete its formation close to the downward channel. This might be another catalyst for the reversal, especially since good news are expected for ETH in January! What do you think?
You can see there is no volume, despite the sharp drop... You see the "Smart Money" cropping their profits.. I believe they will be followed by others until we meet serious support on 1800. That may be the bottom of the bear market. Generally I see 2019 as the needed recession..
Late phase of bearish after january.
Gold 2019 position trade setup for good investment next year.
There is a symmetrical triangle within a falling wedge inside a larger weekly descending triangle. Based on this analysis EUR/USD will break it's current pattern of consolidation and fall to 1.1170 - 1.1190 level before the end of the year. (2018). Price is expected to shoot up to the upper trendline (1.1600) afterwards. If price breaks that level, expect up more...
Right now, ETH is reaching some historical price levels that acted as support and resistance from 2017. What I'm seeing is kind of an upside-down fractal from the start of the bull run, about where the price is now. The rapid increase in dollar price during the months of May and June is comparable to the rapid decrease in the last couple of months, notably the...
No major price action until a year from now.
Breaking out of the falling wedge I'm expecting sidewards movement for the next couple of days as the bears and bulls take their positions for the next big movement. If the support is broken, I see ~2500 for Christmas, if resistance is broken, I expect a run up to 5500. Using the Elliot wave is think this latest fall was Wave 5 : The Final leg in the direction of...
If history repeats itself, then it is imminent that GLDBTC touching its recent High at 0.000035 BTC around January 2019 as analyzed in the chart. RSI values also stand as a confirmation for the above projected movement. Nevertheless there is a lot potential for the price to decline by almost 10x to 0.0000035 following the touch at 0.000035 BTC if price conforms...
Bitcoin has hit its ATL of 2018 around $3300 as this article is being written. In the previous analysis which was done in relation to 2013 - 2015 price effect, it predicted that BTCUSD was to reach $3300 key support in 2019 but the price has already met that level in December 2018. However the price seems to be consolidating between the key levels of $6000...
Aprox. levels: BS: 1.33; SL: 1.30; TP: 1.36 (1) 1.43 (2) (2.26%) (-2.26%) = 0
Aprox. levels: BS: 6.61; SL: 6.47; TP: 6.78 (1) 7 (2) (2.57%) (-2.12%) = 0.45
Aprox. levels: BS: 1.375; SL: 1.3685; TP: 1.395 (1) 1.42 (2) (1.46%) (-0.47%) = 0.99
Aprox. levels: 1.857; SL: 1.918; TP: 1.74 (1) 1.74 (2) (6.32%) (-3.18%) = 3.14