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Corrections

Elliott Wave Analysis: BTCUSD Can Be Trading In Final Wave FiveBitcoin is unfolding an impulsive pattern to the upside, which means that red wave 4 correction has ended around the 1800 mark. We now see a five wave impulsive movement which unfolded in black wave 3 and found a top near the 3000 level. Wave 3 can so be completed and recent pullback could represent black wave 4 correction. That said, if wave 4 correction is completed then we can expect a new recovery to follow into the final black wave 5. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
BITSTAMP:BTCUSD
by ew-forecast
12
GBPJPY: Buyers Crawling At The Doorsteps Of SellersIt looks like buyers are crawling at the doorsteps of sellers after sellers are losing steam. Scratch that, I think buyers are knocking aggressively. This is because sellers have retraced only 50% of the "move up by buyers" and they are already on "leg 2" with "leg 2" showing weakness in strength. This gives opportunity for a buy trade although I can't tell when this is going to happen. However, be on the lookout for it. Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.
Long
by 6.1.8.Family
2