Rally
AUDUSD a nice Rally , but we have to be carefully at this zoneAUDUSD a nice Rally , but we have to be carefully at this zone
Again a bitcoin fractal.That is where I think we are now.
We`re in a quite similar fractal of the "small" rally of 2012.
As you might remember, that rally took place a few months before the halving, after a long bearmarket,
a situation strangely similar to where we are now.
My prediction:
I think we´ll slowly rise back to 450, build a plateau at 450-500 and stay there stable for a few months.
Then we might see a rally unfold, if bitcoin continues to do fractals.
It would fit also the upcoming halving in the middle of 2016.
However, for that, the potentially upcoming economic crisis needs to fully unfold, with lots of capital flowing into bitcoin. The chances for that are not so slim.
Long EURUSD: Potential Rally Through (iii)-of-CEURUSD may be entering a strong rally through wave-iii-of-(iii), providing an opportunity to take a long position with a R/R of 9.36. The larger C-wave is an expected 5-wave impulse considering wave-A was also counted as 5 waves (5-3-5 zig-zag). Since a bullish 5-wave-(i) was corrected by a zig-zag decline and a price was rejected at the .786% retracement of (i), it is reasonable to consider this an indication that wave-iii has begun. Hoever, if wave-ii retraces deeper, and it may, the position will be stopped out and another long position can be taken at the next indication of bullish PA into iii. Target is placed at (A)=(C) with a SL below wave-ii.
to rally or not to rally - 3 index answercombining DOW, SPY and NAS futures can cut down on the noise.
still an open question: are we rallying or not.
this chart might give clarity before "one index" charts.
Interesting confluenceBullish BAT pattern could complete at significant structure level right in between .382 and .5 fibo retracement of a one-month (October) rally.
Bitcoin: A Longterm OutlookIt might take a couple years before another rally.
The next 4 months I expect price failing at the red trend line and coming back down to 220-300 depending on how strong demand is there and therefore if it's worth for whales to try running the stops bellow 230.
The 800-900 target is derived from meassuring the distance at the widest place within the triangle, and projecting that same distance (150%) from the (expected) breakout point upwards.
GOLD - Bullish SignalsFalse break below support area, possible hammer, positive divergence on the 14 RSI, Falling Wedge - these are some bullish signals which might announce a rally for gold. The probability for an up move to start will increase once the upper line of the wedge is broken. First target for a rally would be the 38.2 Fibo level. I will consider this idea invalidated if the price will close on a 60 minutes chart below 1.1220.
Bat Pattern, Eur/Aud, 1 hrHere we have a completed Gartley pattern in the positive deviation area of the last 100 and 200 moves.
According to my strategy , this market is likely to reverse down into the negative regression. As of right now, the market is retesting the high at point D and we should see a trade completion in the next couple of hours.
Anyone that has been following my trades knows that last week I had a very bad week and I am making a minor change to my strategy for the week , until we recover from our losses, i was previously trading all harmonics to the 1.618 extension of the BC leg, but as of this week , i will only be trading harmonics to the .618 extension , just for a guaranteed close for profit.
I have placed my trade actions as follows:
Limit: point X
Entry: point D
Limit: the .618 extension of the BC leg
Please like and comment if you agree or disagree respectively.
And always follow me for more updates on market analysis and harmonic patterns , and recently a lot of wave theory's.
And as always Good Trading Everyone!
PBR: 7 Year Bear Run Over?How do you not like a stock that doubles in a little over a month? PBR killed it on their last earnings report and it has been on fire ever since (with the help of the energy market). Pull up a monthly chart on this stock and you can see their is a lot of momentum behind this move. I suspect this rally to last another 2-5 months at least. Expect a strong trending market to continue to form. I marked out the current main support trendline from the lows in march. Intermediate target right now I have set at the .387 retrace of $11 and .5 retrace of $13. I can easily see PBR rallying pass these targets as they reported higher YoY revenue, net income, and cashflow. Intermediate support is seen at 9.50-9.40, 9, and main support at 8.50. Expect momentum to continue as long as price remains above 8.50
Have a chart you want me to analyze? Comment below!
GBPJPY Falling wedge into resistance.The pair has a falling wedge pattern nearing completion.
Personally, i dont trade falling wedge patterns, so im waiting for the rally back up into previous support.
Beginning of next market rally?Wall Street has posted the sharpest rally in a month today. Looking at this 6 month chart, large up days following dips in the market, have been the bottom for the most recent 5 market rallies. If the pattern repeats, we could see the SP 500 regain 2100 levels next week.
CADJPY - a little retracement before moving further up ?CADJPY has reversed the trend and made a considerable move up all through the day. RSI is overbought now and it is probably exhausted and gasping for breath. We might see a +- 0.382 retracement into previous structure before rallying into the minor support level on the daily chart.
Moment of swingLONG - We're at a strong support level and at the bottom of the consolidation. There's a good possibility we bounce here, which could make for a nice short term long. Levels of resistence are shown. A break above 218 would be more confirmation for long.
SHORT - A break below 215 could get ugly seeing how volume has been high throughout this cycle.
Bi-directional Trade IdeaIt seems like we are likely to form a pennant here.
Give it some time before it breaks out / down.
Keep an eye on volume for confirmation.
Meanwhile if you are not patient enough you can try to catch the local tops & bottoms in the pennant, but only in the early stage. Once it gets squeezed further it just becomes unprofitable.
Other annotations on the chart.
Cheerz : ]
BitcoinWinter is the best time for bears to hibernate ;)
NEVER consider shorting until 440~476. Dollar (DXY) is topping out right now too.
Clear breakout here, and it'll be a strong corrective trend.
Short and sweet, we are in for a big rally.
Possible Imminent Move toward $400 The market has been moving towards it's short/medium term resistance levels. Recent volume and price action suggest that these resistance levels may be broken. Such would mean a sharp trend up toward the next major resistance level of $400.
It's also entirely possible that these resistance levels will NOT be broken.
For those of you that are newish traders: remember that a true resistance level violation must be accompanied by *sustained* relatively heavy volume AND similar conditions on other bitcoin exchanges (namely Huobi, which is the zero-contest market leader right now).
When is a rally, not a rally? When it's a pump and dump!With 62% of the total coins, already produced... an estimated 10-20% are 'burned' (missing thru lost wallets) and another 30% of those remaining, being held by long-term whales...
Why would you consider this an investment option?
* Unknown number of coins, burned... where does inflation or deflation begin, if we don't know the amount of "currency"
* Many, many whales that are ready to dump at a certain price. Do you want to be holding when that happens?
* Millions of coins are being manipulated in HFT, always evident on the 1min charts.
* Sure you can gain 12x returns over 4 months, maybe... again... And lose half of them in 1/8th the time.
* These companies that are 'accepting' BTC... are trading them immediately. NOT HOLDING. What happens when their volume increases and their daily sell starts affecting market prices.
* Legislation is JUST beginning
Bitcoin is down! Start buying now... those whales need an exit strategy!
SWN is about to get see some energy. SWN bounced off support the past 2 days coming of a 'double bottom' Bat Pattern at major support which happens to also be precisely at the .618 retracement of the larger leg which is very visible on the weekly chart. This is all coupled with some very sizeable momentum divergence from the 'B' Leg swing point to where price has currently found some stabilization. There was above average volume on the support level touch which created a reversal candle. I am looking for a retest of the 'B' Point of the identified Bat Pattern.
And yes. I am terrible at catching my 'Title' errors before it's too late. Sigh.
[ SIDEWAYS ] - Fibchannel + Timefibs
Carefully adjusted fibchannel and timefibs.
Allignments of price and fib channel are marked by yellow lines (scale out to see more allignments)
0.618 - 0.764 time fibs mark a potential breakout area.
Next weeks I expect moves within the red diagonals, less volatility, smaller trend angles on downmoves, short: sideways.
So moon rally likely to start in august.
