BTC Entry Completely nailed the short these past few days. You can look back at previous posts or on my twitter to see the short calls with stop loss and targets. Today I think we bounce and run into resistance somewhere in or around my gray box. Closes below there are bad and have me thinking short with a final target of blue box. S curve shows how I think PA will play out. I may look to scale in on a short depending on what price is telling me. I really like a long from blue box for a solid bounce. Still think we see new lows this year.
Entry
BTC Long Idea (With Stop Loss and Take Profit LevelsAll the extension and retracments of the elliott waves are based on fib numbers and patterns.
As ususal the chart speaks for itself as long as you know how to read sub waves and understand elliott waves and patterns.
This will likely play out if we do not go below the stop loss, but the time frame will likely take longer, I just shortened it so it could fit on the screen.
This is not finacial advise.
Long BTC (Good RR)We have completed the ABC for the first sub wave of btc , if you were waiting for a good entry point for a btc long now is a great time.
If we retrace more than 100% than exit your long (Stop Loss 3500) and then if you are long a good target would be at the 1.618 range (Target 5,000) over a longer time frame this should hit in about 2 weeks.
Happy holidays
Tron – Panic?Hello everyone,
trx has pushed through 0.021! But has directly lost confidence…
Don’t panic, because there are two scenarios that are most likely now:
Down to complete wave 2 (green line) at around 0.015 – chance 60%
Down to complete wave 4 (dark green in square brackets) – chance 20% (please keep in mind, that if 0.017 will fall, this scenario is invalidated!)
Other possibilities:
Down to around 0.012 to complete wave 2 there – chance 10%
UNDER 0.011 trx is going to hell! – chance 10%
Please leave a comment or a message, if you have any questions!
Take care
tgo
Ripple – 0.36=up / 0.27=downHello everyone,
In my last analysis I wrote: “Please keep in mind, that xrp could easily fall down to 0.04, if we will not fight the actual level down strongly!” The level which I am speaking of is 0.36/0.37. xrp failed there, so we have to keep in mind two scenarios:
Scenario 1 – blue lines, chance 70%
xrp is building a 1-2 setup. Now on its way down to complete wave 2 (dark green in square brackets) in between my green trading box. Ideally at 0.32/0.30. If so, we have very good chances to finally break through 0.36/0.37!
Scenario 2 – red line, chance 30%
xrp fails completely at 0.27. If so, we have to face courses around maybe even 0.04!
Please leave a comment or a message, if you have any questions!
Take care
tgo
Bitcoin – Turning point!?Hello everyone,
now it’s a perfect point to turn the direction up! But, as I wrote in my last analysis: “we are not safe until breaking through the blue line ($6.242), so be careful! There’s a possibility left that btc is building only a wave 4 up to complete the correction pattern at $1.800 or deeper at $800. But I think it’s more likey that btc has built the bottom already!
Merry Christmas!
Please leave a comment or a message, if you have any questions!
Take care
tgo
Ethereum – Turning point reached?Hello everyone,
as planned, ETH has turned its direction exactly at the predicted point ($83). So let’s start the party! WAIT! Be careful, because the minimal requirement to declare the low at $83 is a stable uptrend through the first important level: $188! Please keep that in mind, when trading ETH now!
If ETH goes up, we will see courses around $800!
Merry Christmas!
If you have any questions or other ideas, please contact me.
Take care,
tgo
Tron – This is it!?Hello everyone,
in my last analysis I wrote, that the minimal requirement for a low in this market is pushing through 0.021! This is absolutely right, so please keep that in mind, when trading trx now.
But I think it’s very likely that we will see an uptrend now!
Merry Christmas!
Please leave a comment or a message, if you have any questions!
Take care
tgo
Ripple – 0.36/0.37 again!Hello everyone,
xrp seems to love this level mostly, so if xrp will finally hunt it down, we have a very good chance for an uptrend to new highs.
Please keep in mind, that xrp could easily fall down to 0.04, if we will not fight the actual level down strongly!
Merry Christmas!
Please leave a comment or a message, if you have any questions!
Take care
tgo
Mr. Dow – Down, down, down…Hello everyone,
the structure of the Dow is worse at the moment, so I decided to get an update to show you what I am thinking of.
The movements for the next weeks or month: the dow is in a very huge corrective pattern (wave ). That means, we will see much more deeper courses - namely 20.600/18.500 – and we will not see an end-of-the-year bull run, as it is written in the press year by year. That’s what I think.
Maybe the smaller (ii) comes a little more up, if not… looking the train running from behind…
Please leave a comment or a message if you have any questions or other ideas!
Take care,
tgo
Mr. Dax – Shorty escaped?Hello everyone,
the Dax showed us against his intended script: the last uptrend was a wave 4 which we had profitably traded down. The question is: is the correction pattern over, or is there any downforce left?
There are good chances for a turning point, no question, but this I would see not before pushing through 11.009 (minimal requirement), and - with more safety - after climbing above 11.689.
I prefer the green scenario, which you can see in the chart above. For me the corrective pattern down looks not completed yet, so I guess the Dax will go down in the region between 10.300 and 9.800 for a final sell-off to complete wave in my blue trading box. From there we will see a turn up with several thousand points maybe.
A deeper selling down to the level 9.200/9.000 is absolutely possible, but I think it is not very likely at all – at least for the moment.
Please do not hesitate to contact me, if you have any other ideas or questions.
Take care,
tgo
EUR/USD – Decision point still: 1.1432/1.1459!Hello everyone,
the structure which we can see in the chart is everything but beautiful. Anyone is willing to make a clear decision. Such situations I do not like, but, it doesn’t help, we have to read the chart hoping it helps.
As I mentioned in my last analysis, I see the sore point at 1.1432. This assessment I want to renew and complete it about the fact that it is the zone between 1.1432/1.1459 which we have to keep an eye on. If EUR/USD will break through there sustainingly, we have seen the low already at 1.1216, if not, we remain baerisch with the direction to parity.
There are two scenarios on the way down, we should keep in mind…
Scenario 1 – green line, chance 35%
My so far preferred scenario looks shot and is bleeding. Because of the structure we can admire in the chart, I see only a 35% probability that we have seen the subsequence (wave A, purple) already to start now up to complete wave B (purple).
Much more likely is…
Scenario 2 – red line, chance 65%
…that we haven’t seen the low of wave A already and the EUR/USD is now on its way down to complete it at the region between 1.08/1.07. And maybe it will close the gap finally, which is laughing out of the chart since Apr. 2017.
In short: Keep an eye on 1.1432/1.1459! I will give an update as soon as a scenario prevails.
Please leave a comment or a message if you like!
Take care,
tgo
WTI (CRUDEOIL) – Under pressure!Hello everyone,
I have to quote myself: “as you can read in my last analysis, I think that crudeoil is going down on the long run with a massive short opportunity. But before that happens, I see a good chance to trade WTI long into the bottom of wave 2. Be careful: there’s maybe space on the downside to complete wave 1 (blue box).”
Yes: I see much more downforce in the chart, as I thought it was, so be careful. It would not surprise me, if wave (1) ends in the region around $42/$40!
Don’t hesitate to contact me, if you have any questions or other ideas!
Take care
tgo
Gold – Should be higher?Hello everyone,
this analysis is made for everyone who is interested in long-term perspectives in the precious metal sector. As I mentioned in my last analysis in August 2018 there was a significant low at $1.167. A small but profitable long trade. So far, so good!
BUT now I think gold will go down! I see three scenarios…
Scenario 1 – red/blue line, chance 30%
Gold has built a so-called leading diagonal since the low at 1.167 (wave i, beige) and is now going down to the blue circle (wave ii, beige) to start for there to new highs.
Scenario 2 – red/green line, chance 65%
Gold has built a wave 4 up since the low at 1.167 (wave 3) and is now going down to the yellow trading box and especially into the green circle (ideal target zone: $1.097) to start from there the bullrun up to new significant highs.
Scenario 3 – red line, chance 5%
Gold is starting directly up. Possible, but not very likely, I suppose. Minimum requirement for this scenario: gold is pushing through $1.281. If so, the scenarios mentioned above are invalidated!
If you have any questions or other ideas, please don’t hesitate to contact me!
Take care
tgo
GBPNZD HeadShoulder SellHead and shoulder pattern forming on GBPNZD . Looking for short and retest of shoulder for upswing to previous supply zone( Yellow bar ).
* Note further Brexit news and fundamental news for GBP may turn upswing from 1.83040 (blue line) to a Triple top formation if price does not break 1.86267 (red line). We could then see a further drop back towards 1.83040
Mr. Dax – get shorty (2)Hello everyone,
Exactly as predicted in my last analysis (please check link below) Mr. Dax was moving up. I think it is a corrective wave 4, so the purple box in the chart is a decision-box. Either the Dax is changing its direction to a stable, impulsive uptrend (chance 25%, red line in the chart), or is completing the whole corrective pattern of one wave degree higher down to the yellow box (blue or green lines). The question is: in which wave degree we are in (cyan or purple).
Scenario 1 – red line, chance 25%
The high at 13.525 was wave 3 (cyan) and the correction pattern we are in since then is wave 4 (cyan). There is a chance, that we have seen the bottom of wave 4 (cyan) already at 11.051. If so, we are in an uptrend already. The purple box in the chart is the decision/sore point, because if the will fail at 12.120 this scenario will be invalidated.
Scenario 2 – blue line, chance 35%
The high at 13.525 was wave 3 of a higher wave degree (dark green in square brackets) and the corrective pattern we are in since then is wave 4 of this wave degree – there is more space to the downside!
If so, we are in the last impulsive structure (wave C of 4 as a five-wave-structure) down to complete wave 4 at around 10.400/10.200.
Scenario 3 – green line, chance 40%
The same wave degree as described in scenario 2, but with much more downforce. Wave 4 (dark green in square brackets) could easily end between 9.600 and 8.700! This we have to keep in mind.
What do we do with this information: if the Dax will fail at 12.120, we could go short to catch the downtrend to the bottom of wave 4. If the Dax will go up, we have to recount and catch the next 1-2 wave setup.
Please leave a comment or a message if you have any questions or other ideas!
Take care,
tgo
BTCUSD Long Setup - 4HR, Dust myself off and try againSetup : Got stopped out on the last trade because of an error I made (wrong stop loss). I'll evaluate the trade in a article later, so we can both discover where and why I went wrong. Correct position sizing saved me from any real trouble (countertrend trade, and only a minor pullback during the setup allowed me only take on very small risk).
Now the situation is the same, only I saw a better pullback, and a reaction from the trend line which shows me strength. Also I can see a nice structural 1-1 move forming, something the markets like to make.
Giving the same trade another shot, again, with correct position sizing. These are countertrend trades, so I size the risk at least at half the risk I would take on a trend trade.
Trigger : Price breaks long level
Target :Same targets as last trade. Look for indicator signals and price reaction at those levels
Stop : I'm keeping a mental stop on this one. Liquidation level is below the daily lows. Again, position sizing allows me to do that..
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If you want to tryout the indicator and strategy, follow me and drop a comment or pm and I’ll get you set up.
Stay calm, and happy trading!
More information on the indicator can be found below:
Ripple – the one million dollar question!Hello everyone,
xrp is hanging around 0.35/0.36 since days without any decision. The one million dollar question is: will xrp finally starting, or do we see one final, painful sell-off down to around 0.04?
To be honest: I do not know, but the possibility to collect xrp from the floor at 0.04 sounds nice to me, what do you think?
A decision would be nice now!!!
Please leave a comment or a message, if you have any questions!
Take care
tgo
Stellar – When does the party start?Hello everyone,
the final sell-off might be over now or in due time, I suppose.
I see only two scenarios, which are most likely at the moment…
Scenario 1 – blue line (chance 65%)
xlm will crack against a significant fibo-cluster at 0.12 and then we will see an uprising. Maybe xlm is already starting, but we are not safe until pushing through 0.21. So be careful now!
Scneario 2 – red line (chance 35%)
Xlm is building the last impulsive wave down for a final sell-off to the region between 0.04 and 0.02 and will turn its direction form there massively.
So or so, I believe, that we are in the final cascade of the correction-pattern!
Take care
tgo
Teledoc Health - TDOC going over DPO and CCI positiveTDOC medical billing software showing good entry per DPO and CCI from recent decline in value. Good CAGR rate, no Div., positive, near 50% Earnings growth rate the last 5-yr. and nearing profitability, not expected until 2020-2021.
4.4B company in medical billing