Evaluating Ethereum's 30-Day PerformanceJust before Crypto skyrocketed to now (60 days), I noticed the trend line is pretty straight (middle line). So I bracketed lows and highs which then gives an estimated trajectory for the next 30 days. Barring any Earth-shattering news from other protocol tokens, I would say this is a decent range in which ETH will perform. I think it also factors in another headline of a major government banning some aspect of the Crypto market. Because, if I remember correctly, one of these headlines occurred in each previous month.
Projection
MTL Could See A Change In Swing.MTL found support where it commenced a nice rally of what looks to be either a corrective wave in a longer term wave C sequence, or a possible commencement of wave 1. What triggered my eye was after it found support at its all time low, MTL rallied to create a peak, a higher trough, then a Dow confirmation peak. The retracement is a common factor as the bulls that entered in from the all time low, have had some fun and are taking profits. This sell off its what helps for the Cypher pattern, with this current downtrend being the wave 2. A Gann fan also shows some hovering between 2x1 and 1x1. The safety bet here is to let it rise from current price to the 38.2% retracement of XA , it will drop to find support somewhere along the 2/1 lone of the Gann. At this point we need the signals to line up. (Blue Circles) Increased volume, MACD cross to support, and a potent reversal candle which will commence a nice strong Wave 3. Can expect about 138.2 - 175% extension here. DYOR and please feel free to correct my work. This is my first post. Thanks
Long Pennant Formation, ready to POP?!?Here's what I'm looking at for LTC. Looks like the pressure is really building up in the cone of this "LONG," Pennant!!! Looking back at previous Pennants in LTC this Pennant should be No different, as each consolidation, (like this event), should burst LTC to newer highs and higher lows! As indicated in the chart above, my thoughts are as follows...
USDCAD Short opportunityPretty risky bet, but I think I can see this working well.
Expecting UC to continue corrective wave C to the downside.
Entry, exit and take profit are all on chart. Although you may prefer to enter after the small uptrend breaks down first, I will attempt to sell on the the fibonacci 0.5 and add when it breaks.
Enjoy and take care.
Ambitious 2018 projectioni realize how big of a stretch this seems from this point in time, but on a logarithmic scale it does not seem that crazy. Also note that this is the type of risk/reward big time smart money investors are looking for - and the crypto markets are growing and evolving at a rapid pace. This money in the crypto space is here to stay because it is starting to reveal itself as a save haven asset class - as the fiat currency weakens and dies a slow and brutal death in the coming years, the crypto markets will experience massive inflows of fleeing capital and will serve as a shock absorber that preserves a shitload of wealth - In this scenario, the original 6 cryptos - btc/usd ltc/usd eth/usd ect... will do very well I will be holding the entire time, documenting it along the way.
Possible targets for USDJPY Dec' 2017After seeing increasing selling power on CHFJPY early November I researched the source and discovered that all major currencies were working something out, similar to one year before. Quite quickly it became clear that a similar series of event would take place in the next 4 to 8 weeks.
The currency pair USDJPY seems to be leading the series of events by moving first. Last year the US Dollar lost substantial value against the Japanese Yen and all correlating currencies were affected. Lots of opportunities to milk the market.
This year started with similar drops. Each drop is also pre-ambled by what seems to be an algo stop hunt. See my previous idea on this subject. Not all of the drops have stop hunts but I may have overlooked a few because they are not always as obvious and they often cause the price to rally just after having dipped just under a support level .
Then a unexpected trend reversal on November 27 UTC. The following drop of December 1 UTC was within 6 hours reset to projected level up from where it dropped, only to rise higher to 112.8 and then 113.6. I expected 112.8 to be the maximum value for the price to climb back to but it surprised me with 113.6.
With this new information I came up with 4 possible outcomes;
1) The price continues to rally to hits resistance at 114 with a chance of breaking through to continue to rally to heaven.
2) The price continues to follow its underlying trend and hits support at 106.
3) The price continues to follow its underlying trend and increasing selling power pulls the trend down towards support at 103.
4) A price crash is caused due to increasing selling power. Buyers abandon only for the price to then snowball down and break all support levels up to 98.
Bitcoin Elliot Wave with projection thingy (learning, new user)Hi, I'm learning about trading and this is my first time playing with tradingview and doing trading in general.
I have been mining cryptos and would like to learn more about trading, so this is an attempt to learn about Elliot waves 1,3,5, a, b, c.
With some projection lines from the Elliot wave points (playing around learning)
Nxt Continue to the Moon I think Nxt Long, Because fib Retracement Touch the Line Fib 3,82 nNothing can't Stop it
Tp 1: 3011
Stop Loss ;1666
Good Luck
If my analysis can help you to get some Profit
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BCH longterm projectionThis is my prediction for BCH longterm. Crypto currencies run in a fractal pattern (BTC to $180, then correction to $80, bull-run to $1000 in late 2013, correction until summer 2016, then to $7800 a few days ago - rinse and repeat). The same goes for BCH, but un steroids.
ZEC double Cup & Handle potentialIf cup A (Smaller cup) reaches it's handle low (Indicated by the <- arrow) there is your indicator for a buy.
While drawing this I couldn't help but notice the larger cap forming over the monthly, If ZEC follows the downward projection I drew ($210 US line) I'd buy there, and set a sell for below $350US.
I see a little bit of a long term potential IF that second cup & handle forms, however that's ambitious.
I offer more detailed FA & TA support in my discord channel discord.gg
BCH channel: Dip, then 670? BCH/BCC has been a nice trade for the past few days. Looking for the next entry.
BIG area of resistance getting approached by UJ Nice short setupWe are approaching a big area of resistance and a nice shorting opportunity could come into play if we get a candle confirmation! Trading doesn't have to be difficult just look left and see where price has previously respected... you can see my TP 1 which offers nearly a 2-1 and a TP two with a trailing stop could see you a 4-1 RR...