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Eliotwave

EUR/USD Fib Extension ForecastFX:EURUSD On the 1st of October we sew the start of a 15 day bullish rally which produced the recent swing high on the daily EUR/USD chart (21 October 2019) followed be a pull back to the 61.8 Fib retracement of leg 1 which is the target price for leg 2. Although there remains a bearish short term bias could this be an attempt to recover after the EURUSD recent sharp fall, the NEWMAC technical analysis would suggest so. The technical principle at play is referred to as NEWMAC (New Age Elliot Wave Market Cycle) which is the Elliot Wave principal of a five wave cycle followed by an abc correction all conforming to Fibonacci levels. Target for leg 2 at 61.8 Fib R of leg 1 @ 1.09939 Target and TP for leg 3 at 127.2 Fib Ex of leg 1 @ 1.12612
Long
by Delta_X-ray
2
Eliot Waves bitcoin bullish analysis ENGLISH BELOW Nous avons beaucoup de signes qui nous indiquent une fin de correction sur le bitcoin. La descente s’essouffle et ils ne semblent pas vouloir aller plus bas. Nous attendons une action importante sur le prix avant de confirmer cette décision Plusieurs hypothèses sont possibles et classé selon leurs probabilités : H1 Bull : Nous entrons dans une vague 5 (1) qui l’amènera vers un bull trap autours des 20,000$ et entrera dans une vague corrective plus basse autours des 10,000$ (schéma au-dessus) prochaine Target : 12,000$ / 12,500$ / 13,000$ H2 Bull : Nous commençons la vague (3) et dans ce cas-là nous pourrions vite atteindre les 30,000$/40,000$ H3 Bear : Nous sommes seulement dans la vague B corrective de notre schéma WXY et allons vers les 7000$ pour mieux rebondir sur une vague (3) Entrée LONG @10100 / SL 9850 => Target 12000 ----------------------------------- We have many signs that indicate an end of correction on the bitcoin. The descent is slowing down and they don't seem to want to go any lower. We are waiting for a significant price action before confirming this decision Several hypotheses are possible and classified according to their probabilities: H1 Bull : We are entering a wave 5 (1) that will lead him to a bull trap around $20,000 and will enter a lower corrective wave around $10,000 ( figure shown above) next Target: $12,000 / $12,500 / $13,000 H2 Bull : We are starting the wave (3) and in this case we could quickly reach $30,000/$40,000 H3 Bear : We are only in the corrective wave B of our WXY scheme and are going towards $7000 to better bounce back on a wave (3) Entry LONG @10100 / SL 9850 => Target 12000
COINBASE:BTCUSDLong
by coyotcrypto
$OSTK Bull trend resumes above Golden Cross for likely 3rd waveThe Bull Bear Trend oscillator back to bullish. As much as shorts will have you believe that there is no reason for them to be concerned they are already covering and the number of shares sold short is down 17% from the highs. Not covering here near the golden cross, 9% above the 200-day MA is very risky even from a TA perspective. Additionally, the date of record on the new dividend is only 24 trading sessions away. A conservative estimate is that shorts not covered by the date of record may be on the hook for an additional $37,000,000.00 to cover the cost of TZero tokenized securities due to shareholders. Even if the value of all of the Medici Ventures, patents and capital raised is taken out of the equation the shares are currently underpriced. The 2 analysts offering 12-month price forecasts for Overstock.com Inc have a median target of $44.00, with a high estimate of $48.00 and a low estimate of 40.00. The median estimate represents a +143% increase from the last price of $18.11 .
OLong
by blloyd
1
Is it better to buy Binance than Bitcoin (or Ethereum)!?!We wrote about Binance going bullish vs USD nearly 2 weeks ago (check Related Ideas). Is it going bullish vs BTC also? Binance is well known as being one of the largest if not the largest crypto exchange in the World. Binance coin is one of the coins with clear utility use. You can even use it to pay your trading fees on Binance. Probably now it makes sense to us why Binance Coin made astronomical growth after being introduced. However, it had to go thru some bad times also. As the whole crypto market did. On the other hand, it recovered with more than 600% growth at the start of this year (more in % than BTC) after we came out of the bear market (which I'm 90% we already did some time ago!). At that time it was more profitable to hold Binance Coin than Bitcoin. Is it the same today after both coins reached local hype peak!? Let's check the pros and cons! PROS: - we just reached 0.5 Fibbonaci level (50% is bullish support and worked as a great resistance at two points before - check iv and 2) - we have a similar pattern when we broke below the previous level but stopped at the peak that was made just before the top (check !) - MA500 is usually really strong support and served as a great resistance from where we had a bounce CONS: - we had MA100 crossing down MA200 and it took us first to consolidation and then local dip - we had the opposite of "golden cross" where MA50 crossed down MA200 and it wasn't nice Seems like price wise it's not that bad to start buying BNB today for ROI. However, for a trader, it might be smarter to wait for either higher low so you have confirmation that trend has changed or to play bounces from key levels and turn them into midterm holding if they prove to be just fine. RIT is much better in that case! Either we will have wave 4 bottom and start of the run similar to wave 2 finishing or we would have consolidation, this is still strong coin to hodl. Crypto market is in a bull trend and Binance is the leading exchange - a solution that already works in practice. What else needs to be said!? This is just an idea. It's not investment advice.
by Samoto
4
Triple Combo WXYXZ.The market quickly penetrated the support line overnight and then reversed. It may be too early to say, but it is a concrete sign of reversal. The daily candle will probably close in "Evening Star"... to follow! We can also notice a head and shoulder pattern on a 15-minute chart Le marché à rapidement pénétré la ligne de support cette nuit pour ensuite se renverser. Il est peut être trop tôt pour se prononcer mais c'est un signe concret de changement de tendance. La bougie daily va surement fermer en "Etoile du soir" .. à suivre ! Nous pouvons aussi remarquer une figure tête épaule sur une chart de 15 min
BITFINEX:BTCUSDShort
by coyotcrypto