Hi all, With the EU getting ready to offer a 'super-charged' free-trade deal to the UK in order to reach a Brexit deal, We could potentially look to long The Cable We should see GBP/USD pullback to the regions of 1.30557(61.8%)-1.30383(200 EMA) before continuing its onslaught towards the regions of 1.33011(61.8% of 16th APR to 16th AUG Impulse wave) Potential...
So I've been racking my brain over the past week or so trying to figure out if Bitcoin, Litecoin, Dash, and a few others are trending up or down in the daily time frame. When price shoots down to a new level quickly and then rebounds quickly (as it did at point C in LTC and D in ETH), there's always the question, Will it breach that point again or is that the...
I think we have a nice little trade setup in the 2H chart. I'm looking closer at Litecoin right now but if I were trading this, I'd enter on a green 2H candle after the 5420 is hit. Pretty sure it's a down count at this time frame now... The 3D chart is most interesting - a new high would complete a 16 point count from the circa 1800 low. As mentioned in the chart...
So, just wanted to mention that it seems as though a valid trend 'end zone' is near for the daily Bitcoin uptrend. If I'm right this won't be the ultimate end for the trend but will result in a significant counter-trend movement comparable to or larger than the 9.20 counter-trend movement. This warning will be confirmed IF price makes a new high before any further...
Needless to say we've got our suspected new high I mentioned in my last update. Bitcoin rose from around 4800 to a high of near 5200 overnight (hopefully you re-entered the market (as I did) yesterday evening). This along with another 'event pair' appearing in the daily chart completely changes the game. Now, in the daily chart (top left), instead of a 12 point...
Our criteria outlined in the last post has been reached with BTC making a new high above 4470. So, just to recap, we're using a new counting technique called M4 which claims that trends turn on counts that are multiples of the number 4. So, at the daily time frame we have, with this new high, entered a possible end zone for a 12 point count - which is a valid...
Just seeing how some stocks (in this case, APPL) behaves following Wyckoff theory.
Now the 4th wave in the EURUSD decline shows what could be a nice example of equivalent to an extension for triangles: a triangle in a triangle. Could sound confusing but its really simple: When a triangle is forming under elliott wave perspective, some times one of it's waves instead to be a zigzag (the most commonly accepted structure inside it) forms a new...