Bitcoin Bitcoin is allergic to the 350 day moving average. Spending > 10% of it's time in this region over the last 2 years. Admittedly we've been in a bull run but this is a good time to buy for me looking toward a mid to late January peak.
Second to this 350 MA tap is the MACD that seems to want to cross to the positive from a oversold Bitcoin perspective.
www.lookintobitcoin.com
This is a link to a great resource in lookintobitcoin.com check out the 350 day moving average here. Trade with care, use a stop loss and never go all in!
Medium
GBPNZD Long Trade SetupIt's hard to say whether the last low is the end of the green C, but if it's, we should have a complete expanding flat between the orange lines. So, I'm looking for long trade setup. It seems like a reversal structure that has been forming after the last low. That's why I'm waiting for a correction to place a pending order. If I see a smaller trade setup after the correction, I'll take that one.
USDCAD Long Trade SetupI think we have two options. First, a complete correction under the blue trendline and one more downward impulse. If it happens, I'll take a long trade after a reversal structure. Second, an expanding flat between the yellow lines, and a reversal impulse. Because of this option, I'm waiting for a correction to place a pending order.
Bullish cup & handle in ICICIBANKICICI Bank has broken cup and handle pattern and have retested and moved up from the level. there is high probability of it to test the price of 800) in coming 1-2 months. If BANKNIFTY will remain sideways or bullish then it it will surely touch 800.
These are my view on the etries
accumulation zone 667.5-670
distribution zone 750-800
Risky zone 650 or below
Price should move up equivalent to depth of the cup ~140 points from entry zone as per theory.
PS: do your own analysis before taking entry based on this anaysis
GER30 Short Trade SetupIt seems like we may have a complete running flat between the green lines. If this is the case, a reversal structure should be in the making. I'm waiting for a trade setup on the lower time-frame to sell it. The second scenario is a correction over the blue trendline and more upside. That's why I'll try to move SL to BE around trendline if I take a trade.
CADJPY Short Trade SetupAlthough we have a new high, the previous monthly top (the red A), which is shown by the dashed line, hasn't been broken yet. This means, the monthly structure remains a running flat. That's why I want to take a short trade. Structure-wise, the minimum target will be 73.700, but it won't be my trading target since it will take a long time to get there. I placed a pending order under the potential reversal impulse. The risk here is having a small correction like the previous one that is marked by the yellow box. If it makes a bigger correction like the blue one, we will have time to move SL to BE.
AUDNZD Long Trade SetupI think a huge correction between the red lines is made, and the last low can be the end of it. The last part looks like a squeezing channel, which is one of the best reversal patterns. Although everything looks good for upside, it's still in the channel, and it can come down more. What we have after the last low looks like a reversal structure. Now, I'm waiting for a lower degree trade setup to place a pending order.
XAGUSD Long Trade SetupOn the daily scale, a running flat should be in the making, and it seems like we need an upward impulse for a complete wave B inside that daily running flat. So, I'm looking for long trade setups. As you can see, we got a bounce-back, which can be the reversal impulse, after a new low, which can be the end of the wave C. Now, I'm waiting for a correction to place a pending order. If my forecast is accurate, the white line should be broken. That's why I'll probably set my SL under that level. My target is 30 - 32 area.
AUDCHF Long Trade SetupWe may have a complete correction, and if this is the case, we should have a reversal impulse. Now, I'm waiting for a small correction to place a pending order. The only thing that I didn't like here is the depth of the blue ABC. Even 0.382 retracement level has been reached. Of course, it can be a shallow correction, or we can have a bigger one. We'll see that part, and in the case of the green B, I'll hedge my trade.
EURJPY Short Trade SetupThe red B probably is the end of the monthly expanding flat. Then we got a reversal impulse, and a running flat. The last top can be the end of the 2nd wave, and we may have a reversal structure. That being said, a correction and more upside is still possible. That's why I'm waiting for a small trade setup to place a pending order. I'll move SL to BE at the new low.
SPX500 Short Trade SetupIt isn't one of the best shaped and clear one, but what we have here might be an ending diagonal after an upward impulse for a decade. If this is the case, we should see a downward impulse as the wave A of a yearly corrective structure. So, we can assume that the next wave will be pretty big and fast. That's why I keep looking for short trade setups. If the last top is the end of 5, we should have a valid reversal pattern. I can place a pending order under the last low, but I want to move SL to BE when that low is broken. That's why I'm waiting for a small trade setup after the correction, which is between the yellow lines, to place a pending order. I'll set my SL over the all-time high. If the price starts falling without any trade setup, I'll place an order under the last low.
CHFJPY Short Trade SetupAfter the expanding flat, which ended at blue C, a reversal impulse and correction between the blue lines have come. After the last top, we got a lower degree impulse and a correction between the yellow lines, which seems like a complete one. Then another reversal impulse and correction between the purple lines. The issue is that correction because it seems odd. I think we have two options here. First, we may see a wave up until the yellow trendline for a nicer correction. In this case, I'll wait for a reversal pattern to place a pending order. Second, a correction and more downside. In this case, I'll set an order under the last low.
XAGUSD Long Trade SetupI think a weekly running flat is in the making and the current upward movement is the C wave of the B. That's why my forecast is more upside to 32. That's why I'm looking for a long trade setup, and a complete correction over the yellow trendline will be a valid one. As you can see, I annotated two options. It seems the white one is more likely because I don't think we have a complete correction yet. But I'll take a long trade if it follows the blue lines, because a correction there will be a good indication for a new upward impulse.
XAGUSD Long Trade SetupIt seems like a running flat is in the making on the bigger picture, and the last low can be the end of the wave B inside the wave B of that structure. So my forecast is the wave C and what we have after the last low can be the reversal pattern. Now, I'm waiting for a correction after the potential reversal impulse and a small trade setup to place a pending order. It's possible to set an order to 23.75 with SL at 22.80, but it's a pretty wide stop. My target is 32.
CADJPY Short Trade SetupMy main forecast is the blue C wave for the completion of the correction. But there is another option too. Based on that wave count, the yellow B can be the end of the correction, and what we see after that can be a reversal structure. So, in both cases, we should see more downside. That's why I want to take a short trade. To do so, I'm waiting for a small correction under the trendline. Then I'll move SL to BE and see the next wave.
SPX500 Short Trade SetupIt looks like a channel is in the making at the end of the upward impulse. The last top can be the end, or we may see more upside inside the channel. For now, that part is not clear, but it is that the channel is one of the strongest reversal patterns. That's why I will take a short trade if I see a correction after the potential reversal impulse.
GOLD will consolidate first before rising againIn some time, Gold will consolidate first, touch at 1754-1755, and after that it will go higher. Targeted profit at the price of 2065 (1.618 Fib Extension).
Note: Please keep in mind that no one guarantees the analysis will be 100% as expected. It all comes back to your own analysis, money management and risk management.