Time for another UAH crisisI live in Ukraine and look at the chart regularly, I have decided to share my thoughts on USD/UAH pair
Fundamental Analysis
Ukraine's economy keep on shrinking and our country must pay USD debts to IMF and so on. My country will lose gas transit money, as soon as south stream and nord stream are fully launched and that's a big hit to our economy.
Recently UAH had been strengthening as we had presidential campaign, now running a parliament campaign, which is coming to an end. Politicians spent millions of their USD, converting it to UAH spending on their campaign, so they could go through to a parliament. As it is coming to a finish line, I'am looking bullish on USD and bearish on UAH!
If we look at history on the graph (vertical lines), after government election's UAH only suffered! Especially last election
Technical analysis is on the graph. 5th wave is at 41.77 or even 47 UAH per USD
I really don't want that to happen to my local currency, as it will only mean everyone in my country including me will earn less and have another crisis! So I hope it doesn't happen, but that's my view
PS
Vertical Lines
Black lines - president election
Red lines - parliament election (forgot to mention 2014 election)
Blue Line - world crisis
My twitter @CryptoWolfy7
Tweets are my opinions, not financial advice
TIME
SPY will run out of gas soonMost of my posts will have a lot more verbiage associated with them than this one but in this case I think a careful analysis of the chart will reveal everything I want to convey. SPY is toppy here with Fibonacci extensions from two separate impulse wave together in a confluence zone. I see 315 as a potential top if we manage to get there. As always anything is possible as I think we will know soon per the duration of previous up-trends if we will make many more new highs or capitulate, I'm leaning towards the latter scenario.
XRPUSD LONG - Triple trend bounceLadies and Gentleman,
I am not a financial advisor. This is simply my own portfolio.
XRPUSD LONG on multiple scenarios
1, Triple Bounce on Trendline for DAILY TF'
2. Triangle Squeeze
3. Completion and Clarity of Swell
4, Price is below Moving Averages
5, Fibonacci Levels are holding
5. Consumer Sentiment
6. ITS XRP!!!!!
Good Luck.
Winters
Bitcoin to 250k by 2023Fibonacci timezones and extensions are both very powerful tools when it comes down to finding out what time a bull market starts/ends and at what price range. The fib time zone 0.382 and 0.6 (highlighted as a vertical red and green color) is both used in order to identify the bottom of a bear market by taking previous lows onto bull run highs. This also allows you to see what timeframe the run will end by using the 2 (purple horizontal line) fib time zone; although the timezone is not accurate it serves as a way of understanding the potential time in which price peaks. The fib trend extension tool on level 14 allows you to identify the top of the potential price.
GOLD PREDICTION 4H CHART TIME AND PRICE PROJECTIONROOOAR!! WOULD BE FINEST RISK TO REWARD RATIO!
I MARKED ENTRY PRICE ZONE AND DREW A SUGGESTION FOR A TIME PROJECTION AS WELL
I MAKE A SUGGESTION FOR A STOPPLOSS AND I HIGHLY RECOMMEND THAT YOU CALCULATE YOUR RISK PROPERLY:
THE MONEY YOU WOULD LOSE WHEN STOPPLOSS WILL BE HIT SHOULD NOT BE MORE THAN 1-2% OF YOUR WHOLE TRADING ACCOUNT.
HAVE FUN, LOVE WHAT YOU DO AND RESPECT LIFE!
Bitcoin's Great Wall of Support at 3300 on February 10th 2020If Bitcoin comes down to the region of $3300 in early February 2020, this article will be very relevant. There is an overwhelming cluster of price/time barriers converging in one spot. This degree of confluence doesn't occur often. Here it is presented very early, giving you advanced notice of its existence. Before I go on, know that this is NOT a forecast. The market is very far away from this time/price level and may well never go through it. The point is not necessarily price-magnetic.
ANALYSIS POINTS:
1) OK, firstly, note the dotted cyan line connecting points A and B. This line represents a two-dimensional measure of price and time. Financial markets are often full of angular symmetry, where price swings have a tendency to be of the same angle of ascent or descent. As such, taking a copy of the cyan dotted line as the 'base angle' and projecting it from a secondary high is a reasonable way to determine where a future move might go. The downward swing from point C could end anywhere on that cyan line and have angular symmetry with the prior downward swing. If the swing ended right on the end of the line, it would be a perfect 1:1 projection. In our case, this is impossible because it would mean forecasting bitcoin's price to fall as low as $-2742. Even Peter Schiff would struggle to argue a case for that outcome. There is something else we can do to reveal some alternative, more probable points on the line for the market to reverse though. That is to take a 1:0.618 Fibonacci projection. This isn't shown on the chart, but 61.8% along that second cyan lines falls right in the red circle.
2) It's quite clear by visual inspection that price/time point determined in the first Analysis Point (AP) coincides with the prior support from point B. This is shown by the horizontal green line. This gives us an area with two very good support cases. One comes from the horizontal plane, the other from the diagonal plane.
3) Further to the second AP, notice the result of taking a 1.618 extension of the final upward swing to point C. This is shown by the white dotted Fibonacci levels. The 1.618 projection level goes right through the centre of the red circle, too. This is another contributer of support in the horizontal plane. Three separate price barriers now all converge.
4) Markets have a tendency, but not an obligation, to revserse on mathematically significant time bars. What I mean by this is that low-to-low, low-to-high, high-to-low and high-to-high rotations tend to last for a significant number of candlesticks. For example, observe the time difference between the low at B and our red circle of confluence. Exactly 62 weeks from B, the purple (magenta?) dotted vertical line crosses through our circle, right on the intersection of the cyan line from AP1, green line from AP2 and white line from AP3. If you're not sure of the signifcance of the number 62, it is a derivative of the Fibonacci ratio, phi, 0.618. Floating the decimal point and rounding gives 62 as the nearest value to phi in this time frame.
5) In addition the AP4, the 62 week low-to-low rotation between B and the potential new low in the red circle would coincide with a 34 high-to-low rotation from the high at C to our new low. The significance of the number 34 comes from its presence in the Fibonacci sequence (1,12,3,5,8,13,21,34...). This gives us more conviction that there may be a reversal on, or very close to this time cluster.
Believe it or not, this is a relatively surface-level analysis which can be taken much further. I wanted to share an example of the mathematical unity that can be found in markets. Here we have a beautiful combination of horizontal, vertical and diagonal barrier overlays all converging on one very precise price and time.
Once again, this is not a forecast. It is a case study of a small variety of predictive techniques which is very interesting. Rest assured, if nearer the time the market looks as though entering the red circle may be a liklihood, you will hear from us at Quantium Research again. If that happens, what we publish may well be a forecast.
Thanks for reading.
Bitcoin ABCDE correctionHey everybody.
Not long ago I posted an idea of BTC dropping to 6500$ before regaining strength. After some thought and knowing that we might be in major wave 4 (looking at multi-year perspective). 4th waves are known for triangles and long consolidations. Well there you have it.
After marking possible E wave before major bull run, I saw one date - BTC Halving in May 2020. So we also have fundamentals behind this idea.
Let me know what you think.
Bitcoin future price time pivots with Fibonacci CirclesNot financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade!
Fibonacci circles placed from December 2017 high to December 2018 low lines up with some key dates in bitcoins future.
1.618 circle calls the March 2019 breakout.
2.618 is in line with a theory used by @tone vays using a Martin Armstrong price prediction through time analysis. See tonevays.com & Tone vays daily YouTube vids.
4.236 Fibonacci circle lines up with the 2020 bitcoin halvening.
“mental masturbation” horoscope/astronomy/when full moon-esque TA but the coincidences with key dates is not to be discredited. If you are newb, like myself, I recommend Tone vays, and his interviews with traders; nick core, Willy woo, djthistle, sawcruhteez and, of course, OG Tyler Jenks. This was stumbled upon after an interview with venzen (second link, if you are interested in this kind of technical analysis)
tonevays.com
youtu.be
youtu.be
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