petermoo

petermoo

4/2/20_BTCUSD_Short

petermoo

FX:EURNZD starting to violate downward channel. Turning into range

petermoo

Retrace and buy

petermoo

...

petermoo

tell me what do you think.

petermoo

if price breaks below purple trendline and form H&S and even breaks below it = BEARISH SIGN Abandon trade if PX bounces away from trendline and move HIGHER All eyes on trade war news between US & China

petermoo

Set a tight stop. Low probability trade. high risk reward ratio. eventually it'll go down, the question is when.

petermoo Updated 

This for my own recording and analysis. Trading 4h. looking to short Price is approaching range resistance ( black line ) Expecting a retracement but not beyond the V formation Upward movement after the V is slowing (2 large green bar followed by 2 smaller green bar followed by 4 weak green bar just to return to previous high) Macd cross over soon

petermoo

Support line holding after numerous touches Strong rebound, Nice V formation wait for a test and get ready to BUY strong buying momentum is likely to continue in the coming week. However do take note of major news releases (esp ISM on friday) in the longer term perspective, px is in sellers area. downward trend. descending triangle if break below the triangle...

petermoo

I am convinced that it'll go lower soon. Economic data is bad huge companies lowering earnings forecast market sentiment is bad market confidence is bad Gov shutdown will hurt numbers trump tweets driving stock market up

petermoo

Like if it helps

petermoo

Usually Bch/Usd's rise and fall follows Btc/Usd but with a greater magnitude. Now Bch/Btc shows that it'll be the opposite for the last leg

petermoo

Major support since 2007 Although theres some piecing of the trend line, but prices always comes back up soon enough Heres a possible scenario until the end of the year : Happy trading!

petermoo

Last leg of Bear Flag before possible reversal

petermoo

FX:EURAUD is currently @ wave 4 of Elliot wave after break out of triangle as seen here: Price broke the triangle decisively and so we start counting waves. Wave 1,2,3 falls in place perfectly and now we can see px attempting to reach back up to the triangle which forms wave 4. Since wave 4 can’t enter the zone of wave 2, I have drawn the black horizontal...

petermoo

bullish bat

petermoo

LS and RS took EXACTLY the same time to complete Neckline forms the lower channel while the top of the left and right shoulder forms the upper channel projected price movement should be drawn 90 degrees from the neckline, but I have slanted it to give a more conservative measurement If BTCUSD exceeds neckline decisively and retrace to retest the neckline, i think...

petermoo

many analysts are getting bearish but could recent movement play out perfectly in an elliot wave counting? If yes, we'll see BTCUSD go up higher and faster on wave 3 I don't see this as impossible as every count has been obeying rules and fibs Currently price is finding support at 200MA and Fib extension target of 123% And for BTCUSD to prove itself, it has...