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Correctionwave

Gold Breakout On The UpsideXAU/USD has been trading downwards since April which gives us a potential set-up to long XAU/USD Long-term downside trend-line has been formed which gives us a chance to buy the breakout. Current long term outlook on XAU/USD is Bullish. Also, with China seeking WTO's permission to impose sanctions of US$7 Billion, this might affect prices of XAU/USD as XAU and USD have an inverse relationship, sanctions could further support the upside breakout of XAU Target: 1258.45 Resistance: 1235.42 (61.8% Retracement) Support: 1210.05, 1208.30 (Heavy Trading at this price range)
FX:XAUUSDLong
by mhtong98
Impulsive Wave & Correction WaveIn the Elliot wave principle with fibonacci, if the swing failed to go beyond 61.8% to 38.2% of the previous impulsive swing, the market is pricing in correction size, and the previous swing direction remain as primary direction. The next impulsive wave will likely follow the same direction. And this is what happening in WTI Crude Oil, the previous rally failed to sustain above 71.13 indicated the price trading in correction. Moving forward, trader please monitor this price level for direction indication. Current swing projection will be post in the next post.
NYMEX:CL1!
by Johnkiew
ABC Correction Wave by the book!If my wave counts are correct, we are finishing up subwave 3 of the a-correction wave. I've adjusted the target of "a" down further since this wave 3 extended further than I predicted. But either way, this is a good looking correction wave. We should bounce back up to the resistance rectangle 78XX for subwave 4 before hitting the 7250 target of wave "a". Than the "b" wave with 3 subwaves will take us back up to this resistance at 78xx before the final "c" correction wave (made up of 5 subwaves that could take us down to he 6900-7000 target. This wave structure is setting up almost perfectly according to theory, with the exception of the steep squeezes and quick corrections that we see. But that is part of the volatility of the crypto market. Despite the appearance of whale manipulation and other unregulated variances, the wave theory continues to provide good insight into the market behavior and predicts trend changes just like traditional markets. Happy Trading! Have a Great Day!
BITFINEX:BTCUSDLong
by bluemt95
Detailed BTC+LONGS T.A!Indicators screaming for shorting CryptosWell, after couple of busy weeks, I'm happy that I'm back! Seems as if seasonality is kicking in, and my previous bearish btc prediction may kick in even earlier than what I initially anticipated (in autumn, not the summer, but here we go!). Both of the charts are in great detail, so there isn't much to say. It's a very basic yet effective approach (do not like over complicating). I'm also trying to avoid being repetitive and I've seen similar analysis from quite a large number of people, but there's always something to be added. And so, the bearish triangle has been quite obviously observed, but what next? -Few areas where bitcoin can seek support, bear in mind(not pun intended) it's always hard to guess the bottom, and so: 1. Around 4800-4500, 1.27 ret support line. This can be a good area to bounce back from however, I think that bitcoin could definitely go even lower. 2. +/- 3000. Psychological support, and plenty of analyst are calling it as the possible bottom in case BTC breaks bellow 6000. 3. 2460-2600 1.62 ret support line. I would say that this should, and most likely will be the end support, since BTC on it's way up was supposed to at least get as close as possible to 12000/12300, but that didn't happen(only 11780), and such a pattern shift could push btc from 3000, to the above mentioned bottom. For the analysis of the BTCUSDLONGS , RSI downtrend could be noticed, as well as a possible breaking of the current uptrend in number of contracts, which could lead to bitcoin being sold-off bellow 6000. Having a continuous uptrend in longs is the key for an uptrend in value for any type of asset, and when people/institutions start selling-off their long positions, bear market is on the horizon. Side note: Bullish scenario(Green arrows), very very low probability, noted on both charts. Breaking of the downward triangle trend line, could be a buy signal, but until then, I'll most likely avoid entering the market. P.S. At 6000 a very very large volume, could signal a great bull trap(yet again low probability). Disclaimer: //This is not a buy or a sell signal, you decide what to do with your own money!//
Long
by step_ahead_ofthemarket
#BTCUSD - TIME FOR CORRECTION ! - POSSIBLE $ 6.900 - SHORT TERM!Hi, Followers and Friends, Moving Water has spotted a correction on the bearish trend for BTCUSD. For the First Time, Moving Water is releasing a (Short Term) Long Signal for BTCUSD. Price of #BTCUSDT could go up to $ 6.900. Let's see if the Moving Water can spot (Short Term) - BTC LONG TRADE. Set your stop loss at a value that you feel safe and that you would not be mad if you lose some money. Stop Loss Ideas => $6.400$6.430 , $6.460, $6.480. (Should not put under that, because if it works price should not go lower) It also depends on the broker you are trading. Prices differ from one to another broker. Remember: Trades are at your own risk. If you do it, make it the safest and more comfortable that it could be for yourself. Try to Limit your Trade like this 8 X 1 ( 8 = Profit to 1 = Loss)=> ( 8 x 50.00 = $ 400.00 ) Possible Profit=> $ 400.00 Possible Loss=> $ 50.00 HOPE THE BEST TO YOU ALL. M.W. Good Luck and Good Profit ___________________________________________________________ ADVICE: __________ => DON'T LOSE: Remember This is Very Dangerous Market so try to not Lose All Your Money on This, and You can already call yourself a winner: Beginners: Don't Trade (Bullish/Bearish) Market - Don't Trade Bull Trap - Don't Borrow Money Intermediate : Trade Bullish Market Only (Low Risk) - Don't Short - Don't Borrow Money Advanced: Trade Bullish or Bearish Market ( Low Risk) - Don't Trade Bull Trap - Don't Borrow Money Experienced: Trade Bullish or Bearish Market ( Medium Risk) - Trade Bull Trap (Low Risk) - Borrow Some Money Top: Trade Bullish or Bearish Market (High Risk - Big Money) - Trade Bull Trap (High Risk) - Borrow Some Money Follow This and the Risk of Losing Everything Falls to 90%. ______________________________________ => MARKET FLOW: Market never happens at once, there will always be many moves inside the waves if you look close enough. When I spot a Trend and post it here, it does not mean it will go at once, or at that exact moment I post. These Charts I post are Medium/Long Term - so takes weeks/months to complete. => CHARTS = (MEDIUM/LONG) TERM - Please Don't Be Confused (Takes weeks/months to Complete) ___________________________________ => PLACING ORDERS: At this moment, I am NOT offering buy and sell signals, you need to Do Your Own Research when Placing Your Orders and Stop Loss. => STOP LOSS: That's a responsibility a person should have with their own money, I don't have the influence on that. I strongly advise you to use a stop loss. Try to catch the waves, but with a secure area, and limit your risks, considering a loss you can afford. _________________________________________ => MORE INFORMATION: check Related Ideas Below. => PLESE: Comment, Suggest better ideas, Ask questions inbox, Help me improve, Give a Like and Follow.
COINBASE:BTCUSDLong
by EDWARDCASHTRADER
45
EURUSD Weekly forecast, technical and fundamental may 14 -may 18At the Chart we see a intermediate waves on the Weekly chart, where the price clearly have a bullish uptrend, after a range from 2015 to 2017. the price had strong momentum from wave (0) to (3) where wave (5) have had a decrease in the momentum and ending it with a symmetric triangle, that is followed by a strong break and down movement. the price have produced a morning star candle and could be indicating a u turn of the price. Fibonacci is also matching with the price action and the wave analysis where a bullish hidden divergence have occurred in the price and the RSI. the intermediate waves with 5 swings have been completed and a correction is under construction, where wave (A) are completed and wave (B) and (C) is waiting. wave (C) is also a primary wave ((2)) where wave (5) is primary wave ((1)). Fundamental: In the coming week we have 5 FOMC members speaking, with Draghi speaking on wednesday. Tuesday 15 may: German prelim GDP q/q is released, the numbers are expected to go down with 0,2% from last time at 0,6% where consensus is 0,4%. Last year the numbers where at 0,6% with the same consensus, where 2016 numbers were slightly lower from consensus that was on 0,5% where the actual numbers released was at 0,3%. therefor Y/Y is definitely lower than last years numbers same month. Flash GDP q/q for the Euro-zone is expected to hold a steady level on 0,4%, with a change from last year from 0,5% in may. and a change of -0,2% from last quarter. German ZEW Economic sentiment, is expected to rise from -8,2 to -8,0. The sentiment is still in minus, and therefore there is a continuing pessimism in the economy. For the USD numbers for Core retails sales m/m is released, where the numbers are expected to be higher from last month. the consensus is 0,5% up with 0,3% from last month 0,2%. where the total sales in retail including automobiles is expected to fall from 0,6% to 0,4% m/m The empire state manufacturing index is also expected to fall from 15,8 to 15,1 and is a sign of less spending, hiring and investments. Wednesday 16 May: Final CPI y/y for Euro is released, the consensus is at the same level as last times actual, at 1,2% where last year's numbers for the same month where at 1.9% therefore a weakness in the inflation numbers. ECB President Draghi speaks the same day. Building permits for USD is also due the day, the numbers have a consensus of 1,35m, the numbers are expected as last release. Last years numbers from May show 1,23m. Crude oil inventories will also affect the currency pair where the pull out of the iran nuclear deal could make the countries buying iranian oil seek other importers. i therefore expect a shortage in the inventory Thursday 17 May: Philly fed manufacturing index have a consensus of 21,1 from last month where the numbers where 23,2. unemployment claims is also expected to rise from 211k to 219k. ________________
Long
by Fx-AlphaStrats
4
EURCAD Technical and fundamental.The price is at a support level, if this level breaks, than i see the price move further to 1.52490 before further upside. if price manage to break the 1.52490 area, than the price could go further down to test the 1.49960 level. this will also be a trigger for a new analysis as the (4) wave will go below the ending of wave (1) The price is also in a trend channel where the price have hit the resistance line 2 times and are about to complete the 3 time testing of support line in the trend channel. At the current price we also have a hidden bullish divergence (see the RSI) and could be signaling that the previous short term bearish trend, was a retracement for the bullish trend. At the same time we see some weakness in the bearish candles, and this area indicating a range area for investors to decide or await for a further signal of a continuing bullish trend in the pair. The price have intermediate and minor waves that is correlating with the fibonacci levels and price action, where the correctional waves have minute waves, that i haven't put in the daily chart because it would be looking messy... The waves are highly matching Fibonacci levels, as you can see in the chart. The levels are in the text boxes. __________ The fundamentals can drive the price of the CAD higher, where oil prices and further sanctions on Iran is expected and can give the CAD a boost. while bad numbers from CAD this week is expected, and can therefore drive the price of the EUR/CAD higher, and the sanctions and oil prices can be a help for the retracements throughout the price gains.
Long
by Fx-AlphaStrats
1
[BCC-USD]BITCOIN CASH-FALSE BREAKOUT- LOOSING STEAM!Since May 1st Bitcoin Cash started a breakout that is about 32% so far, which is nice. But not nearly as great as the last breakout of April 17th, which was about 109%.. The last one would have doubled your money in just a few days! This breakout is weak and is loosing steam showing DIVERGENCE and signs of negative volume! I was at first confused for a moment while looking at the MACD and OBV which were giving me false signals. I realize that I'm growing tremendously now, since I take the time to perform a through analysis that is well analyzed! I can catch false signals and see what I couldn't see in the past! Its all about practicing your art. Even though this is not a science, it requires a whole lot a patience, discipline and mastering TA by studying, studying and evern more studying. I just got a new book called Trade your way to Financial Freedom by Van K. Tharp PHD who coaches traders all over the world. (wow im pumped to read it through as fast as I can).... My goals here are to be in the top 3% of traders on trading view. So far I have a an 83% win ratio in the last 45 days which is great so far. But of course that can change in the next 30 days. Bullish sentiment is definitely helping me with that! Right now most of the big price action this past week has been on the major coins. The alt coins are not growing this fast for the exception of a few... If you learned even one thing and enjoy my TA videos , please support my channel and give me a like. Follow me and join my channel so you can see how i profit and what I'm trading or up to regarding Alt coins. PS. This is not financial advise, please perform your own TA , this is only for educational purposes. You are responsible for your own actions. I am not a financial advisor of any kind. Just a passionate trader as you can see, who gets very technical and geeky with this stuff. Thanks CryptoBuzzAnalyst
COINBASE:BCHUSDShort
by CryptoBuzzAnalyst
6
[BTC-USD] TOTAL MARKET CAP EXPLOSION! HURRICANE INCOMING!Oh gosh! I am just shocked at how the FOMO in BTC and other crypto's like Bitcoin Cash is setting in and responding. What I love is the HUGE INCOMING TOTAL VOLUME that is happening in total right now. Not just in BTC. Its freakin KRAZY! yes with a dam K! Lol.. Well, to sum it all up, we have had 86.4 BILLION arrive in just 9 days! YES 9 DAYS ONLY! Are we finally gonna hit the trillion dollar mark before winter starts in November of 2018?? Well, if it keeps going on like this it will! There are two ways we can look at what is happening right now! Are you bullish and want to get into the FOMO, or are you leery like me with tons of suspicion this bitcoin market will tank even faster than what you have seen in the last 15 days! Listen! lets be for real here! Its been 12 whole days without a healthy correction now, and many of us are still waiting for it! When is that gonna happen? When are the bulls finally going to get exhausted from this marathon they keep running? Ans: I HAVE NO FREAKIN CLUE OR IDEA! lol Moreover, I've been killing it with Bitcoin Cash! like I said in my video, why are some of you even bothering with BTC at this exact moment, when you could've been getting wealthier with Bitcoin Cash specifically these last 7 days from the post of this video. Always pay attention to what is happening to other coins and not just BTC. Be adaptive and versatile like they taught me in the Marines. Become part of your environment and dominate you landscape. Go with the trend, despite your emotions and beliefs. Let the charts tell you what to do! Don't follow your gut as the old saying goes, follow your own TA! But most important than technical analysis is to interpret the market SENTIMENT AND VOLUME! THE TREND!~ If you enjoyed this video, then stay tuned for my other awesome videos. I have a strong 83% win ratio while day trading! I'm in and out before the market turns on me! If you wanna to learn what I do, then follow me and hit the like button and show your support. If I get 20 likes I will update this video, otherwise I will continue to make more money without your support. (Lol) PS: This is not financial advise, this is for educational purposes. You must have your own risk management plan and do your own TA, don't follow the sheep! Most of them are wrong anyway! Thanks, CryptoBuzzAnalyst
COINBASE:BTCUSDLong
by CryptoBuzzAnalyst
2
USDCAD Technical and fundamental analysis.The price have been in a uptrend previously, that is followed up by correctional waves. The correctional waves have been in a strong downwards momentum with low momentum for the consolidation areas followed up by a strong retracement momentum. the price have resistance at 1.28025. while a break can drive the price to 1.28670 which is also 0.707 on fibonacci drawn from the red 0 to ((v)) If the price does not break the 1.28025 level we could se a confirmation on the bearish correctional trend, where 1.24472 and 1.22998 should be closely watched. We also have a bearish hidden divergence within the price chart and RSI. ______ Fundamental. Monday April 23: in the US we have Chicago fed national activity index (inflation pressure) which is expected to be 0,47 less at 0.41 where previously data showed 0.88. We also have market Service, composite and manufactoring PMI numbers which is expected to hold a steady level from last data release. where composite PMI is expected to be 55.3 from last data at 54.2. existing home sales (MoM) is also expected to hold a steady level where consensus is 5.55M from last numbers at 5.54M and last yeas numbers for Marts where at 5.48M. Numbers from Canada are very Thin, and no important numbers are coming out monday. Tuesday April 24: We have Housing price index (MoM) (Feb) for US. The index is expected to be 0.3% lower than previously from 0.8% and therefore consensus at 0.5%. Last years numbers where at 0.4%. S&P Case Shiller Home price indices (feb) is also released where consensus is 6.2% from last numbers at 6.4% and last years numbers at 5.6%. Thursday April 26: Continuing jobless claims from the US is released where it previously was at 1.863M, and a consensus at 1.835M for April13. We also have durable goods order for Marts which is expected to be 2.1% less than previously at 3.1% and therefor a consensus at 1.0%. last years numbers showed 1.7% for Marts. Friday April 27: GDP Price index (Q1) is released by US. where the previously numbers was 2.3% and have a consensus of 2.0%. and last years numbers at 2.2%. GDP Annualized (Q1) is also released where the previous numbers where at 2.9% with a consensus of 2.3% and last years numbers 0.7%. Core Personal consumption expenditures (QoQ) (Q1) will also be closely watched, where consensus is 1.5% down with 0.4% from last numbers at 1.9%. ______ We have for a long trade. 1. Break of the 1.28025 level could drive the prices higher, to 1.28670. 2. Easing Trade war tensions. 3. Decrease in oil-prices. 4. good data from US. ____ Short trade. 1. ending of impulsive waves and entered correctional area. 2. hidden bearish divergence. 3. Consensus of bad date from US 4. Price near resistance area. 5. dumping of US currencies from countries. 6. Geopolitical risks. 7. increasing oil prices, as a consequence of geopolitical tensions.
Short
by Fx-AlphaStrats
2
NZDJPY Updated version, fundamental and technical.UPDATED VERSION OF THE CHART FROM APRIL 15. there have been a strong gain in the NZDJPY last couple of weeks and i therefor see that the trend have turned from a longterm bearish trend to a bullish trend. i am awaiting further confirmation before a long entry is placed. The confirmation levels will be 77.044. if the price breaks this level, we could see the price testing the last low at 75.625 While a break of 78.300 can support further upside to the 80.020 level and a break of this level will drive the price back to between 80.989 and 81.608 We also have a hidden bullish divergence (marked with yellow rings) in the RSI and the price chart. _______ Fundamental. From April 23 to April 30 Monday april 23: All industrial activity index for Japan (feb). which is expected to be 1,7% higher than previously and 1,4% higher than last years numbers for feb. (This could drive the price down to 77.044) Tuesday April 24: CPI (YOY) 1Q for australia which is expected to be 0.1% higher. where the (QoQ) CPI data is expected to be 0,1% les than last years quarter. while the Trimmed mean CPI is expected to be 0,1% higher than last year quarter. Keep in notice that this is high volatile numbers and good numbers can drive the price up, and therefore break the 78.304 level Thursday April 26: import and export price index is given for Australia. the numbers are expected to be much lower than last months data. Where the export price index was previously 2.8% is expected to be -6,5% Friday April 27: We have Imports and exports (Marts) for New-Zealand. Tokyo CPI ex fresh foods (YoY) (April) is expected to hold the level from last, at 0,8% Where last years numbers was -0,3% and -0,4% Tokyo CPI is expected to be 0,2% higher than last numbers. We will also be given the numbers for Unemployment rate and job/applicant rate for Japan which is also expected to hold a steady level from last at 2.5%. while last years Marts numbers was 3% and 2.8%. Large retailers sales for japan is also released and is expected to be -0,9% lower than previously at 0,6% Friday April 27 we also have Interest rate decision which is expected to hold its levels at -0,1% BOJ outlook report (Q1) is also released following a Policy statement. _____ We have for a long trade: 1. hidden bullish divergence. 2. Correctional minute waves 3. broadening ascending wedge. 4. Higher high, higher low. 5. Resistance at 77.044 with fibonacci levels. 6. High volatile data from japan, that can drive the prices up where interest rate decision is closely watched. ______ Short trade. 1. if Break of the 77.044 level 2. Bad numbers from New-Zealand and australia, also trade war tensions between China and US.
Long
by Fx-AlphaStrats
[BTC-USD] BULL TRAP! NOT SUSTAINABLE! BTC MUST CORRECT!We are at the very top of a growth cycle which is "NOT " Organic and being manipulated by HFT and Large Whales! This is not sustainable by the regular investors or traders. Investors/traders beware of the bull trap which I see! I will wait for the price correction and would rather be safe than sorry! PS. Their is too much TA garbage out there speculating in price action hitting 10k. That is ridiculous! We do not have enough volume to take prices up as everyone thinks. I do modeling on excel with a bunch of math as well, and these price increases in just 2-3 days simply don't make sense! Its all hogwash! NOT ORGANIC.....I believe we are treading in dangerous waters. Not entirely convinced of this bullish reversal! PS. This is not financial advice, follow your own TA and devise your own entry-exit plans!
COINBASE:BTCUSD
by CryptoBuzzAnalyst
2
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
[BTC-USD] DN 14.8%--3/14/18--REBOUND ANALYSIS-INTRADAY (3) DAY!Bitcoin took a short dive, but it should go back up in a few days. This video shows the awesomeness of the zig zag indicator which I use in conjunction with the pivot hl indicator , which are awesome for swing or day traders like myself. It shows the price action probability for the following past days and next day projection. Its really awesome and I like it very much. You don't have to draw trend lines at all. It does it for you on any chart by itself. Really a time saver, and does some quick think for you so you can concentrate on finding the right cryptos to chase after. PS. I am not a long term investor. Especially in this bearish market. I scalp the market and take advantage of small 2-15% corrections as you can see from my video. You have to change your strategy when your in a bearish market. Long term investing right now in crypto will sink you in my opinion! But thats just my subjective opinion. I know there are a lot of investors and holdlers out there and thats fine. The market needs everyone and all types of traders, and investors alike to make it functional with volume and liquidity! If you enjoyed this video give a like and follow my videos, so you can see what coins i trade and how i make profit! Thanks, CrytpoBuzzAnalyst
COINBASE:BTCUSDShort
by CryptoBuzzAnalyst
1
ETHEURHi guys My only concern with ETH at the moment is that the drop in price from the recent highs could count as a 5 wave down. If correct then that could have been the minor count of an A wave, meaning that the B wave is underway which could end soon. If this proves to be correct then the C wave will cause ETH to drop lower than the A wave before ETH actually gets going to the upside again at a later stage. This looks like a classic ZigZag BUT as always this is just my view:) *I used ETHEUR, the same thing is present on the ETHUSD pair. All the best Richard
by CycleForecast
ETH Current Wave 4 Correction and Possible ScenariosETH is currently undergoing wave 4 (correction) that was expected in my previous post. Following this correction, there is a possibility for a 3rd actionary wave (impulse sub-wave 5), which might encounter heavy resistance from the long-term downtrend. The correction is likely complete above the 910 support level (marked by the olive line, 0.5 fib), which is also the beginning of wave 1 territory. There is also a hard resistance line in yellow (0.786 fib), in which going below might yield greater odds of beginning a combo correction (WXY) or maybe cause a continuation of the larger degree downtrend. For now, it is unclear when this correction will be completed and whether or not it will be able to remain above these crucial levels. Possibilities for the types of corrections include but not limited to the following: Truncated ABC correction Double bottom ABC correction Zigzag ABC correction Any horizontal correction pattern or combo corrections
KRAKEN:ETHUSD
by madwarrior
1