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WAVESBTCWith btc correcting a bit, we might see some alt action.
One alt that might be approaching bottom for now is WAVES.
Chart tells me would could make a >10% move here which could last a few days. Im using a measured move for my target, targetting next price channel. Aiming for 16-20% here. Stoploss I would go for 3-5%, best to buy on a retracement on 4h or 2h chart.
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The amount of Bitcoin short positions on Bitfinex fell by 20% this morning following a 6,500 Bitcoin short order being closed.
Usually a move of this magnitude would move the Bitcoin price up, but it didn't break $5,350 level of resistance.
The lack of price action could be attributed to a hidden sell order being placed, which would mean that in spite of the $34 million short position closing, price would remain pegged to the hidden order.
The amount of long positions on Bitfinex did increase from 23,800 to 26,000, which could suggest that a trader flipped their short position to long as a result of the ongoing market rally
finance.yahoo.com
ONT/BTC short term EW set upONT smashing down doors, hit the 1.168 extension from the original push lining up with the 100% on the trend based fib extension, which means this leg has been of equal length of the original leg, next target being the 1.272.
There we should find a reversal pattern and be looking at the .786 on the trend based fib for a re-entry to catch the last leg up to the 1.618 on the trend based fib.
we will look to exit this trade just before the 1.272 around .0002190-.0002200, re-entry at .0002000 ish
BTC/USD - Rejection at 4200 Level Supply- A rejection off the Supply Zone that was taken from the 2nd of December.
- Price has tested this Supply Zone 3 times since this latest rejection, thus verifying that this zone is valid.
- An easy prediction down to the Demand Zone that was formed by the red candle on the 20th of December.
- Possible outcomes would be, either a push off this Demand Zone, to one of the outlined Fib levels. Or, a fall through this Demand, to the next short target. (The next Demand below)
www.unitytradinggroup.com
ASX: VTG VITA GROUPI am not confident of Vita's price movement lately. It has broke out of the falling channel but a double top has formed and prices are likely to reverse. Watch out for break and confirmation below $0.93.
Target short @ $0.52.
A price above $1.415 will invalidate this bearish view.
Background: Vita diversification strategy involving a move into cosmetic clinics. Vita Group is best known as the operator of Telstra branded stores.
PLG hope or death...PLG hope or death. PLATINUM GROUP METAL shares have seen better days as well. But they are not the ones. The exchange rate has been in a decreasing trend for a long time. The time for a technical rebound is coming slowly. It is equally a question when the decreasing fractal wave structures and the increasing fractal wave structures are changed based on the same ATRs. But now it is time for a growing fractal wave motion. This is also confirmed by the fact that the exchange rate moves on the outside of the ATR axis (orange line). From here I'm waiting for a several-day upward movement. This 0A wave (first half of the green wave) is the target price of 0.6538. Then I look for the correction wavelength of the double fractal structure (Green AB), target price 0.2846. Then there is a rising wave structure.
Bitcoin Group SE (Germany) / Psychology of MarketThe idea of full market cycles is important to understand. “Where” you are within the current long-term investing cycle has everything to do with your long-term outcomes. The psychology of a major bubble follows a similar pattern, but having risen to ridiculous levels of leverage, has very much further to fall. Much greater collective psychological extremes are experienced in a rare period of manic optimism, and its inevitable aftermath.
SFR GROUP Price in 1 hour timeframe with Ichimoku keylevelsI think of a slight bearish trend tomorrow with an initial range of 24.47-24.81 (support-resistance). I think of a bearish trend until 24.47
JNS- JANUS CAPITAL GROUP ON A KEY LEVEL FROM 2010During the last period JNS gained about 43%, going to touch the 16$ level.It's probably influenced by the news about Bill Gross joining Janus Capital Group. It's a key level because on 2010 on the same resistance occurred a triple top and the beginning of a downtrend phase that reached 5,70$ (2011). After that low we can observe a new uptrend phase contained in a rising channel that lasts from 2012. For the swings traders there is the possibility to buy on the lower channel and sell on the higher side. For a long term investor there is the possibility to look for a breakout on the 16$ resistance with a good chance of exponential growth that in the past reached the 36$ level (2008). If the breakout fails i would expect a double or triple top as a trend inversion signal.
Looking for a Dixie Group BottomThis is a textbook Elliot wave impulse move to the downside with clear alternation.
We are clearly on a wave 5, however, I'm not quite sure if we have completed the wave yet. It appears to be close to popping out of the channel, which suggests sellers are drying, but usually wave 5 is equal to the length of wave 1, so I'm waiting to see what happens after earnings.
If we do drop down to the buy box, it will be a solid buy to ride up to the 11 mark for a 38% retrace (then going down some more) We could have a good ER and we will see a pop, I might jump in depending on how much it pops. Lets see how this works out. I have no idea what this company does, nor do I care. I'm just reading a chart.
Good luck