The long-term trendline is in sight (thin blue line at the bottom), but we still haven't seen any major panic yet. I think this will happen when we reach the trendline. The dotted orange line is the bottom of the descending wedge we've been in since last year. Also of note is that today is a full moon, so this may be the day we see things reverse. The effect...
On the 1W chart we have a complete 8 wave cycle about to finish off. Elliot wave ABC correction is in full swing at this moment. Based on the fact that C should be lower than A, we will see prices around 25-30 USD per barrel before going back up again. Note that wave B consisted of a rising wedge, which once it breaks down should have the same length as the...
Bitcoin price have been traded within a symmetrical triangle for the past 3 days and it seems that it is finally on the verge of a break to the downside after an unsuccessful strugglish rally hours ago met with an unusually high amount of sellers.. If successful, it will open up access to $356 USD/2207 CNY or even lower. Stop loss/short area: 2427 CNY/ 391 USD...