Basic
EURUSD 500 pip upside moveEURUSD long
confluences:
1.Breakout of descending trend line which shows potential bullish movement
2. If we get a retest of the key price area highlighted another confluence
3. 61.8 fib level has been plotted so if we see rejection off this level that will be the final indication for me to take this trade
NOTE - Coronavirus is causing mayhem in the markets right now so watch out and do not be risking to much of your capital. Stick to 1% per trade. As you can see this trade has great risk reward.
Remember trading is all about stacking confluences to indicate more reason to enter a specific trade.
First rule of trading for me is LEARN HOW TO PROTECT YOUR CAPITAL with RISK MANAGEMENT.
BATBasic Attention Token just break out resistance line of triangle
After Impulse we forming triangle and now we break out and I think we will continue to growing
STERLING INTRADAY SETUP OCT 18th/19WELL IT'S BEEN HELD by 78.6% retracements on weekly chart. and will likely forming a Rising Wedge chart pattern on H4 chart that has a potential to push the price down.
Sell on strength with price action confirmatory, You can use trailing stop loss after the price reach 1.2711 and let the price run to the ideal target at 1.2565
BULLISH CONTINUATION PATTERN SPOTTED IN NINJANINJA ALREADY FORMED a bullish continuation pattern as we can see today there's a descending broadening wedge (DBW). Some people may assume that the DBW is a part of CUP AND HANDLE pattern, nothing wrong about it.
THE SPECULATIVE setup would be around 50% Fibonacci Retracements measured from latest Swing Low to the current High (I assume it gonna form a swing as the price already hit the resistance area). We can wait for a resistance breakout too as its confirms the DBW pattern.
BAT (elliot count) - New All Time Lows???Ive been calling for BAT to go down for a long time now with my previous posts, so far its exactly what it's done. And its only looking more bearish to me. Now I will try and look at it from a bigger picture.
The current momentum from X wave on way down seems to me as a 5 wave Impulse (will be confirmed once we see the final wave 5 head lower towards the 11c range).
A 5 wave move down as an impulse means the overall structure is not done and is likely much larger, the last leg should be in 3 waves per Elliot count before a major bull run can start.
So I will be expecting another B of larger X to take structure, a .618 fib retracement of previous X is a good expectation. After which a bigger final leg Z should take place. And unfortunately towards the end of 2020 i will be expecting new all time lows for BAT. Keep in mind, it was nearly worthless beginning of 2019 so heading back below 1c is a very possible - in my eyes likely scenario.
Do i want it? absolutely not, i believe in this coin and its success. But im just not seeing the confidence in the market for the 2020, and a bigger correction could take place.
This is my new primary count. I will check back every few months to see how it tracks along.
Not a financial advice, just my analysis.
Satisfying Simple Short Back to the basics is always better.
Targets:
Target 1: 1.31416
Target 2: 1.31151
Target 3: 1.30948
Keep Positions Liquid
BATUSD still following my previous countMy previous count is still in the play, but with update now on the symmetry of the corrective move, expecting a bounce form .786 and then the wave C down, yes even now im still expecting much lower prices.
It always helps to take a birds eye view of this coin and look for simplicity in the larger moves. If you're aware of what it's doing in the large picture you wont panic. But correction is not over.
Just my analysis not a financial advice.
BATBTC - good opportunity we're now in an important area, let see if this support holds.
if its holds we can expect a move about 10-15%. use a tight stop loss to safe your ass from grandpa bitcoin :)
will take a long position if we see a rejection
BAT:BTC market cycle longBAT:BTC pair. a consistent performer in terms of its market cycle.
currently approaching all time lows to scale back in in anticipation of the new bull cycle. if you were to enter this trade, i would look to sell at previously established highs in the areas of 45-52k SATs , per the fib lines (78% and 100% lines respectively) . RSI profile playing with oversold territory as well with trajectory upwards per the meme arrows. notice the bullish bounces around these historically low price levels of ~20k SATs over the last ~18 months back to the start of the chart in Dec '17. March 2018, September 2018 are those bounces to begin trends upwards. 3rd time is the charm we are looking for with this trade.
counter idea: BAT could alternatively bleed out cuz RIP alts but hey, who knows. trade wisely no financial advice xd. long btc regardless
BAT - Bears are in Control Elliot wave analysis of BAT/USD
Its clear the recent small bull move up was in 3 waves, with a strong RSI bearish divergence on the daily.
This means we are looking for 5 more waves down, likely to retest the height of previous bottom support around .13-.14 cents.
I always liked this Alt, but its not ready for a bullrun just yet based on elliot count.
Just my analysis, not financial advice. Best of luck!
THERE'S ONLY TINY SPACE ON LOONIECOMPARED TO ANOTHER pair, the range on LOONIE is not really interesting. It's likely form a rectangle pattern and I assume the next move will be down as shown on the weekly chart that the rectangle is formed below EMA's.
The price will likely make a pullback before the price continue drop, even though the range is not really appealing but the movement is pretty clear for me.
IS BEARISH CORRECTION ON GBP/USD GONNA FORM A HARMONIC PATTERN?STERLING MAKE A MASSIVE MOVEMENT LAST FRIDAY
Not just on GBP/USD, all GBP is going stronger that maybe not many people can expect it (except who used an Elliott Wave Count). The movement is really crazy and it's flying right to the 200 EMA's. Some people knew that 200 EMA's has a function like a dynamic Fibonacci as it be a support resistance levels too.
I ASSUME that GBP/USD will make a huge corrective movements and forming a bullish harmonic pattern in Week III and IV OCT 2019.
$BAT - Trend in flow - 2 possible long targets set Basic Attention Token looking good. The platform is growing daily for BTC and will continue to do so, Big future ideas in the eyes of advertisers and publishers for a better internet. This token will be the heart of it and you can get it for free.
Trend is looking strong and has a lot of backers.
BAT baut bullische Struktur aufMehrere bullische Sequenzen momentan im Retracementbereich (kleiner Timeframe), somit potentieller und kurzweiliger Long Einstieg.
Übergeordnet im 4h stark bärisch.
Ich möchte den Markt weiter bis ins orangene Ziellevel fallen sehen (0.05$), damit wäre die Sequenz sauber abgearbeitet und ein sehr starkes Buy Signal
Bat - Pinbar Pinbar by the rules of the trade reversal pattern.
it means there is a buyer with the asset
acceptable profit risk you can try
BAT - Possible Breakout?Once there is some price action, over the EMA34 this could rise up nicely. Good FA and utility within the token make this a good long term investment but as trading goes this could accumulate Bitcoin nicely via a trade.
Wait for EMA34 to support not resistance.
BAT About to Spread its Wings and Fly! Basic Attention TokenBAT shows promising potential as it has now pierced the the tip of the triangle. From here, a rally up to around 0.45 is expected. Once this target it hit, it is likely that a strong pullback towards around 0.37 will occur. Beyond this, BAT will explode higher up beyond 0.6.
Summary:
Start - 0.32 (buy)
Target 1 - 0.45 (sell)
Target 2 - 0.37 (buy)
Target 3 - 0.6+
Long and shortDrawn this chart days ago.
Tested and punched 2.68 in the testies on trend based fibs. Though doing in-depth TA during FOMO is almost pointless as late 2017 example.
Blue line indicates support.
Grey and yellow lines show fibs.
Pink line indicates trend.
Have a good day.
BAT thoughtsBAT:
Held support, but finally broke through (R1 formerly S).
Reaching that green box below, which I believe will serve as support. From there I think we'll retest R1.
GBPAUD-BUYOverall Lower Highs and Lower Lows within a nice Descending Structure. Another Descending Channel is now formed within the Higher Time Descending Structure. Anticipating a buy as it reaches the higher timeframe strucuture.
