High
4/01/2018 DOW Analysis" The Dow industrials broke above the 25,000 level for the first time on Thursday " www.reuters.com
OMG/USD WHERE TO NEXT?? PROMISE LAND?WE MAY SEE HIGHS OF $17.1+ IF PURPLE SUPPORT LINE IS NOT BROKEN. OR DIP TO ~$12.4 BEFORE MIDDLE BLUE SUPPORT LINE IS TESTED. MAY FALL LOWER OR BOUNCE BACK UP AT THIS POINT.
18/12/2017 S&P500 Analysis"Wall Street at fresh record highs with tax revamp in sight" www.reuters.com
30/11/2017 DOWJ AnalysisPrice has reached a new historic high breaking the 24.000 level. www.reuters.com
30/11/2017 S&P500 Analysis"Investors gained confidence that the Republican party’s push for a U.S. tax overhaul would succeed. " www.reuters.com
29/11/2017 BTC/USD AnalysisAfter having broken the $ 10,000 level, the price reached a historic high exceeding $ 11,000, however, it had a strong drop to $ 9,000 and a subsequent recovery back to the $ 10,000 level. This situation shows the high volatility of the asset, strongly influenced by the important level of $ 10,000. www.reuters.com
28/11/2017 S&P500 AnalysisPrice has reached a new historic high price with a big bullish candle. "The S&P’s biggest boost came from financial stocks after Fed chair nominee Jerome Powell, in his Senate confirmation hearing, discussed potentially lightening regulation." www.reuters.com
27/11/2017 BTC/USD AnalysisPrice has reached a new historic high approaching the $10.000 level. www.reuters.com
Bitcoin: BTCUSD Overall Still Still Positive at higher levelsOverall dull right now but with a positive undertone, still,
at these levels. We look to buy from lower, closer to 7531 if
touched or, if very lucky, on any sharp fast test of the lower
parallel which would also be viewed as an excellent buying
opportunity, should we be lucky enough to see it later in
China/London on Monday. Unlikely, but it's Bitcoin.
If unsuccesful from lower levels the next buy point will come
on a break above that upper parallel with stops under 7700.
16/11/2017 BTC/USD AnalysisAfter recovery, price remains in a strong bullish trend, reaching a new historic high record.
BTC to $7200USD updateBased on my very rudimentary chart analysis using Elliot Wave Theory principles , it looks to me like BTC can reach 7200$ USD as a relative high. Again, this is my first application of Elliot Wave Theory and by no means am I an expert nor is this advice on investing. Simply my view on where BTC is headed in the next 24 hours or less.
8/11/2017 BTC/USD Analysis"Bitcoin hits record high after developers suspend plans to 'fork' currency". www.reuters.com
31/10/2017 BTC/USD Analysis "Bitcoin hits all-time high after CME Group says to launch futures" www.reuters.com
GBPAUD to reach a new high in NovemberFive days ago (10/20/17), I took a long position based on the daily chart:
As you can see, I went long due to the strong bullish engulfing pattern and in combination with strong technical analysis (strong short term uptrend and strong resistance line ahead, which I "expected" to be broken because of the strong bullish engulfing pattern).
I bought at 1.68696 and set my stop loss at 1.66981.
On the weekly chart, a strong resistance line is currently broken and if it still is broken when matured on Friday, then there will be a long trade setup according to my strategy, on the weekly chart. According to my technical and fundamental analysis, there is a high probability of a long term uptrend on GPAUD, because of the strong signals on the daily chart, but especially the weekly chart (if price still closed above the resistance line on Friday). At this point, I believe there will be new high in november, since the 1.76557 high.
If we look at the monthly chart, we have just been down at the bottom (lowest prices) for some time. Even though there recently has been a strong downtrend on the monthly chart, we have just been at the lowest price ever in the GBPAUD, and so I don't think the price will go down again and go below that price, because for the price to reach a new all time high or low, a great economical event must take place.
Follow my live account and trades here: www.myfxbook.com
Happy trading!
24/10/2017 DOWI Analysis"Strong U.S. Earnings Reports Push Dow to New High: Markets Wrap" www.bloomberg.com
OMG 6h elliotIn a perfect world we are just in the beginning of a huge elliot wave.
Tell me what you think.
