Medium
Market Heating Up? 28,64% Profit #BTC Could hit final target? Is market heating up?
A while ago I posted a chart:
Because, the Moving Water Technical Analysis was showing that BTC was about to take off, and a big wave was forming.
I advised all my followers and haters that pro surfers can see the big waves way before it happens, and that is one of their main advantages.
Here is the same thing, because when you see the wave it is already too late.
Who bought BTC at $ 5,800, and I did post 2 times for this opportunity. Above is the chart with the second opportunity. Below is the chart with the first opportunity:
So, now some followers are already with 28,64% profit on BTC, riding what we call on surfing: "The Tube", or the best part of the wave.
But to get here, you had to believe in the wave, because before that it was not possible to see it.
Many followers are now thanking me. I am really happy to help.
Our Final target is $ 8,500 and is not very far now. Moving Water prediction, did spot a time frame, and that would be medium term from the chart that spots it. So, probably from July 30 to August 2nd, we should see our target.
What do you believe. Is it possible?
I hope the best to all.
Good Luck and Good Profit.
USDCAD Short Trade SetupHello traders.
USDCAD went up and broke the previous top. Now, it looks like we have a completed 3 wave structure. I have placed an entry order to the confluence level of 0.886 retracement and 1.118 extension and the trendline. As you can see it's still in the downtrend and my forecast will remain down as long as it doesn't break the trendline. My minimum target for any short trade is the breaking the previous bottom.
Can we hit 1.21? EUR/USD longThis is a good 1 to 2 risk/reward ratio trade that could work if the current strong bearish momentum starts dying off.
This is just an idea everyone! Good luck!!
DXY Dollar Index Medium Term Target 92.40 now ReachededDXY Dollar Index Done for Now
The dollar has finally reached the exact medium term target
at the 94.20 level and has since started to retreat. As so often
repeated here, DXY is still the best confirming signal we have
across most dollar pairs. At this point all dollar pair longs
should have been closed out.
DXY should now enter a period of consolidation which should
take it back to the 93.36-93.12 range.
It must then hold at 93.12 to avoid further weakness back to
the 92.55-92.25 range.
Returning to the upside, DXY has to break above 94.20 to
trigger any further near term dollar strength up to 95.15.
XPTUSD Long Trade SetupHello traders
Platinum has a great potential for upside but in the meantime, there is still chance for more down move. If the structure between the yellow lines is a contracting flat the structure between green lines should be the correction after reversal impulse and it should go up. If the structure between orange lines is a running flat, it will keep going down. But even in this scenario, I'm expecting some correction. That's why I have placed an entry order. My plan is to take the trade move stop-loss to break even and see the potential. If it breaks the previous bottom, I will move the entry price and stop-loss accordingly.
CADJPY Long Trade SetupHello traders.
This is very clear long trade setup. It made a 4H corrective structure. Then 1H correction after the breakout, and now 15m correction is in the making. That's why I placed an entry order. But there is a problem here. Our entry is far away from the bottom. If it goes up fast like the previous up impulse, perfect I will be in the trade. Otherwise, it will probably make a deeper correction after some up moves. Because of this possibility, the stop-loss should be moved to breakeven as quickly as possible.
AUDJPY Long TradeHello traders.
It is not so clear in higher timeframes but the structure in 1H looks like very bullish. I hope it will come down one more time. It will give us a better correction. But now I'm waiting for a small flag in 15m to take a long trade. The target is not clear. It can be huge, we will see.
XPDUSD Short Trade SetupHello traders.
I think down move is either a weekly correction or daily correction or impulse. In any case, there is a big potential for more downside. That's why I'm looking for short trade setups. I have an entry order because the structure looks like a correction so far. In the meantime, I'm waiting for the breakout and a correction to take a short trade. If I can take any, I will remove the entry order. Target is not clear, leave it empty.
GER30 Short Trade SetupHello traders.
DAX has some big potential for downside. As I can see the correction is an expanding flat in 1D timeframe. It can still keep going up because we don't have any divergence in 1H in up impulse. But, when it completes the C wave, it will go down. Of course, there are some other options, so down move can be a correction instead of an impulse. The idea here is to take the trade, move the stop-loss, and let it show its potential.
EURGBP Long Trade SetupHello traders.
First of all, sorry for late publishing this idea. But, it went up while I was working on today's analysis video. Please wait for a correction to take any long trade. I took it because the structure between blue lines can be a running flat and if the previous bottom is the and of daily corrective structure, the target of up move will be breaking the blue line. It can still keep going down to the yellow line.
ETHUSD Short and Medium Term Outlook ETHUSD
As ETH continues to consolidate it's started to form a new pair
of parallels at a less acute angle but it's holding up and
making higher intermediate highs as it does so.
The medium term trend remains positive whilst it continues to
hold up off the lower parallel on all retests (the recent low
was off the previous rally high)
But in the near term it's struggling under the 765 line after a
high at 768.
Without Bitcoin to give it a boost it can move sideways to
down for awhile inside the two blue lines on the chart and
towards the lower parallel given enough time.
But so long as it continues to hold the medium term trend
remains positive.
ETH nevertheless remains tied to Bitcoin's boot-straps.
In the nearer term Bitcoin needs to break above 9400
to help ETH power higher through 768.
And on downside Bitcoin has to break below 9300 to send
ETHlower towards the 741 line and another meeting with
the parallel.
XPTUSD Long Trade SetupHello, traders.
I'm expecting very nice up move in platinum. You can see my higher degree expectation in the followed chart, but it is almost impossible to explain by drawing because there are a lot of options. So, if you want to see detailed analysis, please watch today's analysis video on Youtube.
The last down move has 5 waves already and the 5th wave looks like a reversal pattern. That's why I have put an entry order as you can see. The stop-loss is not certain. If the price goes deeper levels I will rearrange the entry price, stop-loss and lot size according to new bottoms.
CHFJPY Long Trade SetupHello, trades.
This will be the 5th CHFJPY long trade. I hope this time it will start making next weekly up impulse. There is still a chance for some more downside, but those down moves will not change the structure, that's why I will keep taking long trades. I have put an entry order, but if I can find the better entry I will take it and remove the entry order.
GBPCHF Short Trade SetupHello traders.
Another GBP pair is forming a very promising short trade setup. I had an entry order, but now my trade is active. I hope it will keep going down. I have put that entry order because I want to be in the trade if it falls like a rock. But waiting for a small correction after breakout would be a safer entry. You can see my long-term expectation on the chart down below. Of course, I won't keep my trade open until it breaks weekly bottom, but this is the potential.
USDCAD Short Trade SetupHello traders.
I have placed 2 entry orders with the same stop-loss and without any target. The risk of the first order is 1% and it is 0.5% for the second one. The second orders entry price is 0.786 retracement of down move. I will remove one of them when the other becomes active. I'm taking short trades in USDCAD because of the daily structure. It looks like a pretty clear correction so far. There is still some room under trendline for bigger correction, buy in any case, I will take the trade, then I will move the stop-loss to breakeven then I will see the potential.
NZDCAD Long Trade SetupAfter the weekly running flat, I'm expecting next up impulse. I will take a long trade by hoping an impulsive wave. But the last drop is too sharp to be the whole correction. It will go up but this move will probably be a correction. We will see, it's too early to say. I will take a long trade, then I will move stop-loss to break even and I will leave it alone.
Bitcoin Buy, But Don't Dream About 50K.Hello, traders.
I was ready to buy more Bitcoin and I bought some already. There is still chance for more down move to create a regular flat. But cryptocurrencies love to make contracting flats. That's why I bought. We will see. Up move will be the 5th wave. Its potential will be limited, but it can also be an extended 5. You can see my long-term forecast for Bitcoin. Also, please check the related idea. If you want to see more details of my analysis you can watch today's video analysis on Youtube.
XPDUSD Short Trade SetupHello, traders.
I think down move is either a weekly correction or daily correction or impulse. In any case, there is a big potential for more downside. That's why I'm looking for short trade setups. I have an entry order because the structure between yellow lines looks like an expanding flat. Target is not clear, leave it empty.
USDCAD Short Trade SetupEven if I think down move will be a correction for one more upside instead of daily down impulse, I will take a short trade. I don't wanna miss any short trade setup under any circumstances, because the reward of down move can be huge. The structure looks like an expanding flat in 1H, so I have placed an entry order. After some drop, I will move my stop-loss to breakeven and I will leave it alone.
WTI: US OIL Minimum Upside Target at 86.33WTI Crude Oil Minimum Medium Term Upside Target at 86.33
The Saudis are reported to need oil at $84 to balance their budget.
By happy coincidence for them the minimum upside target
created by the reverse head and shoulders is 86.33.
In the nearer term WTI is flipping in a 300 pip range with
support off the last highs at 66.48 and resistance at 69.48.
It has to break below here by 10 pips or more to trigger
further near term weakness and a short back to the 63.76 line
where it should reverse higher again.
Returning to the upside although WTI is likely to move
sideways for a while longer as it unwinds the last 800 pip
rally, whilst it holds up at 66.48 the trend remains positive
overall.
Once it breaks above 69.55 it should rally further to 71.14 and
then, after consolidating some more at that point, to 75.28
and eventually to 86.33, the minimum target created by the
RHS.
NZDCAD Long Trade SetupHello traders.
My forecast is the next up impulse after the weekly running flat. That's why I will take long trades. The last down move is too sharp to be the whole correction but it can be in some rare cases. I hope it will go up impulsive. Even if it makes a correction, it would be a good trade. The trade setup is sharp up move and very clear looking correction. Wait for the breakout and a small flag before taking any trade. I have put an entry order.
