Price has been correcting in the last candlesticks after a big bullish impulse.As we see, 38.2% fibo retracement has been rejected. Also, price is above MA50. We should wait for a bullish breakout to open a long position.
FX:AUDNZD is making a nice flag under the bigger trendline, which it has recently broken through. Now I'm waiting for it to either breaking the flag or a good short set up in the top for the channel.
After WXY correction expecting C wave down, after today's news event entry at 50-61.8(blue line) w stop above(orange line). Target 61.8-100 ext from A wave. Safer entry is on break of channel and correction.
Hi, Haven't posten in a while. Been looking at some other coins :) This one i really like, It's slow but when it spikes, its for 15% - 30%. I will trade the spikes until the master push comes "red line" at 350%. Currently got 4 trades for about 40% each. Share your toughts ;) ** Look at 15min timeframes for the smaller spikes, They are super fast so don't...
We have had a abcd corrective wave complete. I'm seeing a possible change to catch wave 3 to the downside. USDCAD has been very bearish that mixed the downward movement on the DXY means I still have a very bearish bias
YES is my answer looking at the bigger picture in relation to Elliot waves and Fibonacci here is my prediction for this coin possible we gunna see 300 or more Happy trading
MY REASONING BELOW: 1. MAIN TREND LINE SUPPORT -DXY IS BEARISH UNTIL WE GET A CLEAR BREAK & CLOSE ON A SIGNIFICANT TIME FRAME ABOVE RESISTANCE TREND LINE 2. FIBONACCI 61.8 -PRICE FAILED OFF OF 61.8 FIB AFTER STRONG ATTEMPTS TO TRY AND BREAK THROUGH -61.8 WAS ALSO CONFLUENT WITH THE RESISTANCE TREND LINE 3. ELLIOT WAVE THEORY - *WAVE THEORY EXPRESSED ON...
Bitcoin is currently correcting in wave 4. My preferred count for wave 4 is, that a running triangle is developing. Wave C is currently unfolding and should see support near 3,300 for a rally in wave D closer to 4,378 or slightly above. Before turning lower in wave E to complete wave 4 and setting the stage for a strong rally in wave 5. The ongoing decline in...
New iteration. After a new high price drops to the previous high to start over. Every new high is ~5x the previous one.