Niocorps Developments - the Big One CountThis Eliott Wave Count of Niocoorp Develoopments reflects a bullish longterm Supercycle upward impuls pattern of the marcet.
Wave 3 upward impuls pattern should lead the PPS of the shares above 106 Dollar propably higher, after the a-b-c running correction of the past months. If the abc correction should last a little bit longer the 0.84 Dollar are an exiting entry point. Bu this scenario of a wave c extension within the running correction is not necessary. PPS can explode anytime within the start of the Wave 3 upward impuls.
Note: This is no advice to buy or to sell a stock. Stock can rise or fall. Each investor is acting on his own risk.
Big-picture
Big picture analysis on BITCOIN! (Over 100k)What is up my Tradingview family! as you know I have been posting bearish charts on Bitcoin in the short term but today I would like to share with you what is happening in the BIG PICTURE.
When I saw a short term correction coming I took profits and reduced risk HOWEVER I never EVER sell 100% of my position on Bitcoin because this is simply stupid considering the big picture trend.. Its better to sell 20% - 30%.
BTC
ETH
I am now in a very good place with a good chunk in the markets and USDT that I have been steadily deploying (AVG DOWN) back into the dip. This is compounding my portfolio!
In the short term a correction could be over OR it could still see one more sharp leg down. (this is why your AVG back into the market) when you sell into FOMO its very nice because the worst case scenario you buy back near or below the price you sold - the best case scenario you buy everything at MASSIVE DISCOUNTS.
In the big picture I expect Bitcoin to reach $90,000 - $100,000 then proceed to FOMO to $230,000 and potentially $250,000 per coin.
This cycle is a repeat of the 2013 2014 cycle (in fractal nature) but can easily FOMO even higher than that one did.
Stay profitable!
British Pound on parity with the USD in long term? British Pound and the USD on parity? It could well be happening in the longterm as a big picture 3 wave structure to the downside stays in tact. The key levelis highlighted in blue. Should we break under this support we will have further confirmation that this setup can well play us. It will defenitly interesting to watch this pair over the next couple of session as Brexit uncertainty has increased recently.
Bitcoin: BTCUSD Big Picture Clean Chart for weekend aheadBitcoin: BTCUSD Update into the Weekend:Scenarios
The battle continues and finally the bears have made an impression on the upper parallel, pushing price down to 7800,
where pin bars from earlier show some demand (not shown on chart, but significant to the very near term now). There is no
winner yet, though. It can move sideways from here, meeting demand off the parallel and more still at 7717 freezer lid
level and down to 7660 at an absolute pinch, building a new rectangular range between 7717 and 7990-8000. It can move
sideways further, out of the pull of the parallels, large and small, but still be Ok so long as 7717-7660 holds - but it would
be a sign of strength if it could avoid all that, use the large parallel as support and then power higher, and back through
the neck line again - if and when it gathers enough buying power to manage that, this next time could well prove
successful in breaking the last bears that still stand strong at 7990-8000. So far, from their viewpoint, looking down the
mountain from 8000 with stops just above, there's nothing to scare them...yet. OK, that big bear raid first thing in London
didn't work out so well for them this time, but their stops still haven't pinged yet. When that happens and 8000 is broken by
20 points it becomes another breakout/momentum play. It will maybe need China to open to create enough
volume...they like breakouts - but we need to see one now to add to long positions from here...should it come (but think it
will at some point this weekend even if they try to sell it off in China first thing Saturday) it could well be explosive in
nature. Doesn't have to be but could well be. And once 8000 is actually broken the upside is, by nature of the beast,
incalculable. Anyone who says they have a value for Bitcoin is not to be trusted any more than asking your dog how much it's
worth. No one has ANY clue. It could be 15000, it could be 30000, it could be 5000 and it could be 5 one day. No one
knows. You KNOW that though. And it's enough to make money - big money - either way. You don't even have to
believe in Bitcoin per se, just believe what the chart is telling you, and no one else.
And so to the poential for downside this weekend coming: the big parallel remains the first line of support, and then
7717-7660 (stops for remaining longs from 7570 tight under 7660). So if 7717 fails and then 7060 also then fails we have a
near term problem emerging and Bitcoin should fall away to 7531 again and the rectangular range suddenly expands from
8000 at top to 7531 at bottomwith 7717 as the dividing line between the three...fantastic for day traders, trading
between these lines. This could take a large part of Saturday to play out if we see it..again great for day traders, a nice
wide range to play within, potentially developing this weekend as a consequence of this type of price action, if 7717
gives way, as above. But, the bull case is strong whilst above 7717 and still just fine at 7531. But if this fails at any point
this weekend, the bears are getting control again. It's a buy on any retest of 7531 with stop just under 7500 for rally to
7719. Then close if a day trader and only go long again from 7730 to 7980 with a stop under 7700, trading between the
three blue lines.
Long Story short:
Turn aggressively bullish again on a break above 8000 by 20 points, that can be sustained (very careful here as it could
explode upwards, and potentially downwards too, so stops need using and the risk of being hit quite high so they need to
be some way away from 8000 if longs are triggered, at least 100) This is still tough work but the bulls won't quit... That
parallel above, just holding it back now...if it breaks above it soon, then the break out could well follow soon after. Good
for swing traders. Otherwise we'll be heading for a Saturday made for day-traders, as above.
And turn aggressively bearish again only onbreak below 7531 looking to short rallies to 695
gbp usd shorttake a look at gbp usd here ...looking for a push lower to enter a short in direction of the bigger picture
rsi divergence in play as well ..could be a good confirmation
waiting for a break n close to enter
LTC bigger pictureThis is how I see LTC panning out in the next few days.
Unless we get some news from Coinbase or more miner manipulation, we can expect a rise from around 0.0088 to 0.009 as entry.
Not sure about TP yet.
AUDCHF D1 Ed channel breakPrice has closed below a big channel
I am looking for tp to be 8135
SL to go above few days high
Gold - Big PictureLooking at the monthly chart we see a strong support at 1180 USD forming the lower side of the descending triangle with the downwards trend line on top.
If the support at 1040 USD falls, lower targets get activated. 1042 could be a short stop an its way down to levels around 800 USD or even more likely 700 USD.
If price breaks through the upper trend line, higher targets would be activated and some resistance levels must be passed to reach the stronger resistance at 1528 USD.
The ugly picture for wheatAt the beginning of the 2008 while the sub prime crisis start to be feared by all the wheat touched peaked, since then until mid 2010 the price dis-inflated severely (lost around 65% at the time from the $1320’s to a very better $480’s the contract.
But as the recovery geared traction from 2010 it reduced the lost of price more than half when made at end of 2012 the almost 960 high. Since then the price reduced again in this deflationary scenario that are so worrisome for all till the 551 low at beginning of this year.
The pattern for this decline since the 960 highs is clearly an impulse as you can see, the question lies on the context: Is this a beginning of a new trend that eventually lead to a new lows or was just a C from a corrective pattern meaning that the wave had end and therefore will rise again, and if so, how high it will get.
Unfortunately I think this is not a new low impulse, and I’m more convinced that its about a C wave in fact the end of a B wave of higher degree and if I’m right we are about to see a new rally that could take us beyond the 960, and even more, at least near the 2008 high.
