Ethereum appears to have found a floor exactly where it found a roof before a break to 367 earlier on in the year. Heikin Ashi candle patterns would indicate we have set a trend reversal, in line with a break of this falling wedge, a crossover on the weekly Stoch RSI and the 3D Ichimoku having flipped green, still need to see volume increase, but I would be long...
2019 Cryptocurrency (Elliott Wave): Inflection Point
From the 2018 bear market low set on 15-DEC-2018, the Bitcoin bull market has gained 340% into the high of 26-JUN-2019. Since then, the largest pullback of the 2019 bull market has been underway, thus far a 35% decline heading into...
A bit ludicrous to think a bitcoin might be worth 420, 000 dollars some day, but would make sense if you take the average circulating supply, ~17M, and the market cap of Gold, and divide them through, also 20.618 fib levels on previous bull runs have been met, if another bull run is in play and we hit 20.618 fib level again, approximate same price...
AUDCAD has approached this weekly resistance level and shown rejection multiple times, looking like a simple and clear trade. Over 1:3 risk to reward ratio. Drop your telegram names in the comments to be added to our free channel.
Price has approached this daily resistance and shown strong rejection multiple times on lower time-frames. Over 1:8 risk-reward ratio. Comment your telegram name to join our free telegram trial- only 3 days left and special offer currently active.
Price has approached this daily level and started showing rejection, overall price is in a heavy downtrend right now so I will be entering a small sell position. I am holding a free telegram channel so drop your username or message me to be added.
On the daily chart: Gold has formed a double top pattern and could possibly form a head and shoulders pattern.
On the weekly chart: Gold has a shooting star. Indicating trend reversal. This week has tested the resistance level and followed through with the trend reversal.
We should be seeing a break of 1500 and 1490.
TP 1: 1500
TP 2: 1490
TP 3: 1480
INTERESTING SET UP FOR UPCOMING WEEK
- PRICE CURRENTLY AT A NICE ROUND NUMBER 1.93700
- PRICE BROKE THROUGH BEFORE, RETESTED AND THEN SOLD OFF
- CURRENTLY AT A SECOND RETEST
- SYMETRICAL TRIANGLE FORMED ON THIS LEVEL A,B,C,D,E PATTERN
- HAD A CONSOLIDATION PHASE JUST BEFORE THE TRIANGLE, SHOWING SIGNS OF WEAKNESS IN THE UPTREND
- 3 WICKED REJECTION CANDLES ON DAILY CHART
- PRICE REJECTING OFF A KEY LEVEL (1.06610)
- PREVIOUSLY BEEN REJECTED
- THIRD TEST OF THIS LEVEL
- ASCENDING CHANNEL TOPPED OUT ON LEVEL 1.06610)
- NICE REJECTION CANDLE PRINTED
- CANDLESTICKS GRADUALLY GOT SMALLER AS PRICE REACHED 1.06610 LEVEL