This is definitely some wishful thinking but I believe BTC and EOS are turning the corner. We have seen two waves of Higher LOWS after many Lower LOWS. The Wild Card is definitely the breakdown of ETH. With $20B of ETH in the market plus all the ICOs who knows what will happen. Meanwhile, I can draw charts that let me see what I want to see :)
Hello friends! At the moment, on the timeframe DAILY, the figure "head and shoulders" is quite clear. The target point is at the level of 6000-6050 $. Let me remind you that "H&S" is a figure from the number of reversals and after working out this figure it is quite possible that we (BTC) can go further Up. P.S. However, if we look at the next of our forecast,...
After a period of corrections it looks like Gulden is ready for new highs. The traded volumes where allmost flat-out, so it looks like the correction is done. We build energy to make new highs. We reached on the downside an older support/résistance area, so this could be a good turning point
Inverted Head and Shoulders had formed at 9am eastern time 12/19/17 Changed analysis for a long based on previous Daily close. (Flow with the market not with you bias news can change the course)
Is it time now? If it closes above this trendline by the end of the week, well worth watching and keeping an eye out for entries intraday and daily.
Down until hits the bottom at about 4.6 euros, then uptrends at least to summer of 2018.
Hello traders, Today we want to share with you our TVC:SPX perspective as it starts to flirt with a very decisive zone at around 2400-2450. Currently market seems to be a very decisive level for the market weather bearish sentiment will kick in soon or not. Current fundamental important facts to consider: FED rate hike (rate odds jumped in previous days...
Note: AUD/JPY didn't follow what we plan last week, so we didn't trade this pair. Now, we are bearish on this pair. There are 3 trading plans for this trade: 1. Wait for price correction near the resistance zone near 86.2x level, followed by a bearish signal to short. We can short with right risk amount. But the chance of the price correction to this level...
Note: -Recently, NZD/USD breaks the upward Trendline -Besides, there is a formation of Lower High- Lower Low-Lower High formation. There are 2 ways to trade this pair: 1. Currently the price goes up and touched the upward Trendline and followed by a bearish bar. It might be a signal to short with high R/R of 1:2. Can enter this trade but only small risk...
Hi Traders, Happy Thanksgiving to all of you. Trade with care. Got into a few positions but market is not moving much. Have a early rest then. seeya
All USD Pairs to me right now suggest at least a pause (or close to one). Here is my updated EW count on the USD CHF. Can never be positive about a turn but that 1-hour candle has a long wick to it.
As We all know nothing goes up/down in a straight line, and with all the bearish sentiment for Oil and CAD we are sure that the turning point is near. Of course, one of the most important rules is not to try to catch the turning point (TP) "do not catch a falling knife" *****So we are not saying to short USDCAD now****** In the monthly chart it is clear that...
Both #GOLD and #SILVER are in correction phase for exactly 4 years now which looks like ending very soon. Bullish Divergence on both metals is already giving strong signal of Bulls getting ready for longer term... Keep eyes on it !!
Hi Traders, The end of the line of the downtrend of Natural Gas (now at 3601) is very much in sight. This sputtering downtrend is to be followed soon by a significant reversal that would mark the beginning of a major uptrend. The attached 1-hour chart displays the sub-minuette waves 1 and 2 (in green, bottom right) as part of a group of a 5 waves down that...
EURUSD is at a very important level. Based on historical price patterns, the 1.3450 area is a major point in terms of this pair continuing it's bearish momentum or not. The major support zone between 1,3512 and 1.3450 area has been compromised BUT price is just hanging onto the lower part of the zone. If price can stabilize, meaning it spends the next day or so in...