As you can see USDCNH might have the last up wave to create a M-top , and I think Chinese government won't allow it pass 7.0, and if the up trend line break, we will first touch around 6.75
This chart will be fail if: 1. BTC go through $2800 in next month 2. Cycle wave IV go below $1166 Good luck. Maybe easier to see with this one:
Gold is repeating the trend from 2017/2/27 to 2017/4/17, same fake right shoulder, new high will be made.
The blue line is price trend of futures on BTC(OKCOIN:BTCUSD3M), the candle is the price difference between futures and spot(OKCOIN:BTCUSD3M*USDCNY-OKCOIN:BTCCNY), as you can see, some guy is buying BTC on spot market and open short position on futures market since May/10th, and this big guy has do it with serious for 3 days, I think this motherfxxker definitely...
Same bubble. Wait the chance for short with your patient.
This is a thought in my head, it will be really funny if gold repeat the history. If upper track suppress the price under $1281 in next two week, this will have Great possibility
For me LTC is not reaching top yet, but what's left is not worth trading for long, right now we are in sideways like last time, after that we will see what will happen with the structure of the technical indicators. Good luck.
The blue candle at the bottom is from BTCCNY 4H chart between SEP/2016 and JAN/2017, price from RMB4000 to 8800, I think you can find something familiar, I'm not suggesting you to short, just need to be careful.
There are two similar structure in this chart, have you found it? Good luck.
This is my first analysis on USOIL, I believe it will reach $77 in the next half year, but be careful with the first positions. Still need to watch short-term structure.
For now I'm thinking whether we are in wave ABC or we are in wave 4 and 5. Basically I prefer we are at wave 4 and 5. For the global view please check:
The pound will receive strong resistance around the red circle: 1. Suppress from the upper track 2. MA 90 of 3Days 3 23.6% of Fib retracement 4. Stoch RSI at overbought Not matter how far the rebound of pound will go, how strong it will be in the future, we need to be careful with the first retracement in next 2 weeks.
The market seems bully right now, but in my opinion, $1300 is not easy to pass, and even if we are in a uptrend the market needs to find support at $1260 first, or, if there is some breaking news make the price reach $1320, it still will come back to the support area later.
See chart, we will have a good chance for long.
As you can see, the market didn't make new highs, and there comes bearish signal, in next week if the uptrend line not hold, what's come next would be really ugly.If this uptrend not break, we might still inside an ascending triangle.