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Hurstcycle

On the edge of bearish take over, not easy thoughthis is a short to short-midterm EW opinion. Bulls and bears are pretty balanced between 27800 and 26 700, that's why we could going on bounce down n up. We have lower highs and lower lows which forms the bearish channel. imo the next 7-14 days we will have a clear direction downside but BTC is always good for a surprise. EWaivers know, it all comes down to where you start to measure and how. This is imo the most probable scenario. Let's see what BTC does. Pls share your opinions.
Short
by kiaZar
1
BTC suprising once again, very bullish setup on RSI and MACDThe signs were all set up bearish, I did expect a correct move up until 28 198 on EW, but I did not expect to have such a bullish run up to 28 500! So the bulls are still powerfull in the market, which makes the situation even more tricky then it was before, bec it is the same with the bears. The bearish Scenario is until 31k still in place, From 31k I will flip bullish. Still on the Hurst cycle we expect 2 lows, one in June and one in July, which count from the highs we make now. On Elliot wave we are in a corrective 2-C wave up until 29 300, but then will correct until 21k-18k down. This is all on a Daily chart, so it may take quite some time. This is not a financial advise, always do your own research before investing,
by kiaZar
19
EURGBP Trade Idea - Elliott WaveLet’s discuss the price chart of the EURGBP currency pair based on the 480 minute timeframe. From the Elliott Wave perspective, the price action has recently completed an ending diagonal triangle formation. The price is trading within Wave 3 (circle). The most recent retracement is approaching a 78% Fibonnaci level. From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, bottomed on April 1 (1st vertical line), and is projected to form a top on April 29 (2nd vertical line). Based on this, we can expect prices to find support at or near the current level and start trading higher towards the 0.8599 level which is the next major resistance area. If you find this analysis useful, make sure to press the “Like” button and comment.
Long
by ForexTrainingGroup
1
BCHUSD Support will be penetratedAs you can see I'v already spotted the resistance area on chart. Don't be fooled by indicators. Now The gann square is here. 5d 10d measure time. 1/2 is from my silly use of gann line. IDK what it is so it's a mysterious spot. Seems it just a cycle. Then we should know that The gann angle is a measure tool ;-) It's must not be the resistance speed line. The speed line is just divide price by some ratio. But gann square is called the time & price calculator. I'm still not sure what 1:1 line means and how to correctly put it.
BShort
by c073