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LTCUSD THANKS AROON FOR THE NEXT BULLISH MOVEHi guys, I really want to share with you a complementary analysis with my previous update "UPDATE - THE BRIGHT FUTURE FOR LITECOIN". Aroon indicator could help us predict some trends to get better profits when you trade. As you can see on the chart, when the AroonUp curve is red and AroonDown curve is green, we have a bullish move. On the contrary, you may understand, AroonUp green and AroonDown red indicates a bearish move. Now you can see that our AroonUp is green and it seems to go down. Our AroonDown doesn't move yet. Eventually we could hope Aroon curves to exchange their positions, to leave room for a BUY signal and a LTCUSD bullish move. Sell now is a high risk for me, and hold is the better solution until we have new indicators to think differently ! If you agree, like, comment whatever you think about that analysis and follow to see my future analysis on LTCUSD ;) My ideas aren't the absolute truth, so go take a look to other analysis and analyze by your own to take your own decisions ! Have a carefully trade ahead guys !
BITFINEX:LTCUSD
by HatrekoS
1
UPDATE - THE BRIGHT FUTURE FOR LITECOINHi guys, I bring you some light in that bearish day. I made a day-chart analysis for the long-term on LTCUSD and now I share with you an update to understand what's happening. Bears are here and that's completely normal, if we trust in the completion of the ABCDE Elliot wave forming since December. However, there is also another possibility, as we had an impulsive during the uptrend of December, it could simply be an ABC correction wave. If LTCUSD breaks the $142 support of the symmetrical triangle and reaches $135 easily, ABC correction wave could be more credible. Otherwise, if we don't break that triangle support, but the $155-$160 wedge upper support within next days, $180 could be reached for the early of April. Be patient and trade carefully ! Agree, comment and follow, Have a great week ahead ;)
BITFINEX:LTCUSD
by HatrekoS
11
ELLIOT WILL DECIDE FOR LITECOINHi guys, Some update from my previous analysis "THE BRIGHT FUTURE FOR LITECOIN". First of all, you can see that I've changed the huge symmetrical triangle's outline to expose the final possible triangle support that is located around $128. Yes, there's a clear bearish flag forming today. That's why I think the bearish trend is not ended. If the symmetrical triangle Elliot wave ABCDE is truth, the wave C will be completed within next days and we would see a nice bullish correction that could form the wave D. If we break the falling wedge with that move, this would happen. According to the falling wedge pattern, $215 is the potential. However, I don't believe that would happen because we have strong supports and Fibonacci middle curve (in red) to break. So the maximum to reach could be $180 in April, but for the end of March, $150 is the most credible. Sales volume is increased a lot during our bearish day. So we could have a bullish correction soon after the bearish flag. Otherwise, ABC correction is always possible, until we really break that triangle support to confirm that hypothesis. If that happens, we could reach $110 again like in the early of February. That's my analysis, if you agree, like this idea, comment whatever you think and do not hesitate to follow me to see my next analysis. Have a good day !
BITFINEX:LTCUSD
by HatrekoS
GBPNZD continuation pattern?I see GBPNZD to have made the 5 wave elliott structure. It appears to be making an ABCDE flag pattern (correct me if I am wrong or you see different). I am not fully convinced that the E wave has finished and it may continue down for a short period of time to create a 'throw-over' before resuming the upwards trend. I would wait for consolidation just below/just above the top trendline for the flag to confirm the trend is resuming. The arrow finishes at the 23.6% extension and it could continue well past there. Any advice or feeback is appreciated. Thanks.
Long
by EamesAnalysis
DAX Rising wedgeA rising wedge is forming after a longer downtrend. The rising wedge are functioning as a consolidation pattern. Take in minde that a rising wedge is a poor performer, historically. __ Entry will be when the support is brokken. if so we could se the price go to 11.800 and 11.700 If not, and the price breaks the resistance line. we could se price go to 12.190. before further downside. ___ The index is very correlated with EUR/USD i se the price of the euro slide a bit further befor gaining again, and therefore the price of dax, have a good chance for further gains. before the 2 mentioned is making a u-turn. ____ 1. Rising wedge 2. Lower prices in EUR/USD 3. bullish regular divergence ( see in the RSI and Chart)
XETR:DAXShort
by Fx-AlphaStrats
THE BRIGHT FUTURE FOR LITECOINHi guys, I made a LTCUSD analysis on day-chart for long-term perspective. We can clearly see that LTCUSD formed a symmetrical triangle and the breakout could occur within two weeks. The ABCDE Elliot wave triangle pattern brings us to say that the breakout would be a great bullish move until $450. On the OBV chart, we can also notice a symmetrical triangle that indicates a change in volume soon. In the same way as the OBV breakout in December, I think we could have an increase of the volume. Otherwise, if the breakout fails and results from an increasing volume with sell dominance, we could test $120 support. Only the future will tell us ! Thank you for reading, comment below to share your point of view ;)
BITFINEX:LTCUSDLong
by HatrekoS
A Closer view of BTCUSD - BEAR FLAG ALERT !!!I zoomed in so that you can see a closeup of the Triangle I have been studying for the past few days. Below is the last entry from my previous chart posting. "Yet another Bear Flag is on deck! The last flag break was good for over 1,000 points and this flag, when it breaks South, is projected to go down to around the 8,600 area. I believe that kind of move south would trigger an onslaught of long covering and short selling producing a very wild ride until things settle. The bulls and bears will definitely be having the fight of their lives!" I will make additional posts using this chart until the need arises to zoom out again. Happy Trading !
BITFINEX:BTCUSD
by BitcoinBearSlayer
12
GBPAUD Short setup _________________________ Keep in notice, that a rising wedge have poor performance, looking at a historical view When a wedge is performing as expected the price, have a bigger percentage of breaking the support, than the resistance. while there is a big risk of the opposite happening.... _________________________ Fibonacci drawn from b to a. the price have testet level 1.272 twice and is losing some momentum in the circle drawn on the chart. the price is ranging between the box drawn inside the circle. This could be a sign for downside to 1.74979 Support level. 0.886 on fibonacci. if the support line in the wedge breaks. a small correction to the support line, (which will be the new resistance line) in the wedge is expected befor further downside. While breaking it will mean a further downside to the 1.72360 support level. 0.707 on fibonacci. befor any correction to the new resistance line. _________ if the price breaks above resistance line in the wedge, it could mean, that the price is headed for the 1.83200. before a minor correction back to the wedges resistance line. ----- Entry will be when the wedge is broken.
Short
by Fx-AlphaStrats
BTC USD - Downtrend broken..but are we out of the woods yet? I for one don't think so... So the long term downtrend since Decemeber peak finally got pierced....still, we have not made any significantly SOLID moves upward yet...So the Market is undecided. Look at this perfect range bound ABCDE formation in my opinion... I would short on a bounce above 11K on Target E Possible Downside Targets $8869 $8173 $7313 I am just a regular dude learning TA, this is not investment advice...but it should be hehe...
BITFINEX:BTCUSDShort
by ecbuddy
EUR/JPY - COUNTERTREND AB=CD HARMONIC PATTERNIn the 4h chart theres is a full completion of a abcd pattern, setting up a long opportunity in the short term, The trade is not active yet because wha hacve to wait for a reversal pattern in the Potential Reversal Zone (ligh blue area) **Be careful with this trades, they seek to profit from market pullbacks so you are not flowing with the trend here, if you trade it, watch it closely in case trend resumes. When the trade becomes active, the Target should be the 61.8 of the last leg Happy Trading,
Long
by CortesTeam
Something Big is Going to Happen to Bitcoin CashBitcoin Cash just completed a beautiful 5 wave impulse and is now priming for a new breakout. Bitcoin Cash formed a descending triangle, which could be a ABCDE correction. If that is the case, an explosion is imminent. Furthermore, the price action after breaking out of triangles is rarely stagnant; either it dumps or it explodes upwards. However, the lower support line of the triangle is held up by massive whales stacking buy walls. If those whale decide to remove their the walls, the price could easily tank. So the strategy is to buy when the price breaks the resistance with VOLUME and sell when the price tanks below the support. Another risk is the price action of Bitcoin. If Bitcoin tanks, then there will be no doubt that Bitcoin Cash tanks along with it. On the other hand, Bitcoin Cash could soar if Bitcoin either continues to trade sideways or goes up.
BLong
by aoeuaoeu
4
EOS One More Low Before Liftoff!!EOS appears to be forming an ABCDE correction (when the correction forms a triangle or wedge pattern) in the shape of a falling wedge. Each wave of the ABCDE correction should have 3 subwaves, which are labeled ABC. However, there is an exception to the ABC wave structure, and that is when we get an complex correction. For instance, in wave B, after the first ABC subwaves, the price tried to drop, but failed. Instead, it needed some more time to correct in the form of a WXY. Note here that since Wave B is a correction within a correction, the price actually goes up. Wave E has not been completed, and we can expect another at the falling wedge support line. In addition, the RSI seems to confirm my analysis as EOS cannot seem to break the 44 to 63 resistance zone. If my analysis is wrong, and the correction is indeed over, I would like to see the RSI close above 65 and the price breach $10 with VOLUME before I buy. Regardless, I believe the corrections are almost over. We need to take a step back and look at the bigger picture to see how high the price could go! We have yet to complete the 3rd primary wave, which usually is the strongest and biggest wave! Entry: $4-$6 Conservative Target: $23 Expected Target: $35 Aggressive Target: $41 Stop: $3 Time Frame: Up to 6 months
BITFINEX:EOSUSDShort
by aoeuaoeu
3