Emotional Market CycleZCL and the emotional market cycle. The resemblance to the classical pattern of boom and bust is uncanny. wallstreetjackass.typepad.com
The boom manifests itself in 5 wave impulse move. Checkout Elliot Wave Theory. www.babypips.com
The bust culminates in a 3 wave correction down to the vicinity of where it all started.
If you can identify these patterns in the markets and learn how to trade them, your future is going to be golden. Never stop learning and most importantly: do not blow up your account! You will makes mistakes along the way, so make sure you can make enough mistakes to master the game. Mistakes are essential, because that is your only way to learn.
Marketcycle
STRAT/USDsame idea as with DOGE/USD and DOGE/BTC
hoping for a STRAT/BTC upward breakout from the channel as STRAT/USD breakes and goes past ATH's
good luck
DOGE/USDOnce this breaks this resistance and establishes it as new support it will blast off to the moon :D
and the pump against btc will start then ( i hope)
much analysis many profits
~~to the moon ~~
Another day, another ATHSome fractals + an elliott wave cycle in the making in a big ol' wedge. With the bull market we are in these setups keep showing themselves
My strategy is to take some profits slowly on the way up and set buy orders to catch the dip, I like to watch the tape as ATH is passed to keep a pulse on the momentum. This strategy helps build a hedge with fiat and avoids being greedy in these volatile markets.
PAY Market CycleSeems like it is in the depression phase
1-2H Stoch RSI is on floor however higher time frames are curved down at oversold
We need to watch if it breaks the blue trend line with volume and red trend line
Will BTC obey the Elliot Wave market cycle?Will BTC market follow the Elliot Wave cycle which governs the financial market? It has completed the first 5 wave as expected (My last post) and we're seeing the price is stalling at the 1.270 extension (5th wave completions)..
I am eager to see if BTC will obey the Elliot Wave rules. If the structure holds, we're likely to see BTC drop down to $3,000.
GOLD - Starting to Break Out from it's Down TrendGrowing political & market instability will cause $GOLD to regain traction as the new market cycle begins.
