EurCad Bearish Bias Multi Scenario (check weekly)Two scenarios first is explained on the chat,
the second short scenario would be a clear break of that consolidation zone and trend line
bias this week is bearish because of the weekly doji and weakening euro since the start of 2019
risk reward ratio is nice, 14ema is below 50ema on 1h tf confluence with the short bias
why i expect it to go up first is because the daily doji is bullish but bull signals in bear trend "unless its engulfing" tend to not work so great
IF it does break that support there it will fill the space below and can turn into a larger trade than it already is
buuuut i could be completely wrong so trade what u see not what u think just good to have an idea in mind
~ happy trading
Wallstscalper
Bullish count for BTCUSD 4h chart.Timings right to go longBullish Elliott wave count for BTCUSD (Coinbase)
It's time for Bitcoin to show strength if price has bottomed.
Price movement shows right now a wave 4 back to lesser degree wave 4 in .... wave 3 in a typical Ness Elliott described trend channel.
Invalidation point for this count is on chart.
I'm long with a stop 1 cent under invalidation point.
Happy Trading!
Bullish Elliott wave count for BTCUSDBullish Elliott wave count for BTCUSD (Coinbase)
It's time for Bitcoin to show strength if price has bottomed.
Price movement shows right now a wave 4 of higher degree retracing back to lesser degree wave 4 (in .... wave 3)
in a typical Ness Elliott described trend channel.
Invalidation point for this count is on chart.
I'm long with a stop 1 cent under invalidation point.
Happy Trading!
Possible three drive to a bottom in Litecoin in spe3 drive to a bottom
I see signs of a possible bottom coming in alt coins en block.
Litecoin could make a very powerful8 sign of a bottom by making this 3 drive to a bottom over the next couple of days.
I see the possibility highly likely. I over the next couple of days I will elaborate on this in comments underneath.
First of all we see Litecoin finding support by making a possible triple bottom in the mid 60 area over the last month.
My sentiment is neutral to bullish for the next week. Then we will see the last drop in price to finish the pattern and then It's time to consider going long... big time.
That will be in the Litecoin itself and by trading leveraged contracts over BitMEX.
Time will tell.... as always....
Happy trading!
Bitcoin Master chart for the week 22Bitcoin WEEK 22
I will in posts below go further into the Bitcoin analysis using the technical analysis toolbox.
Last week I stated covering the $BTCUSD trade. I will ahead pay special attention to this pair.
You will therefore find a variety of analysis' here.
Feel Free to drop a comment or chart and let's nail the trade like we did last week when Wave 3 was elliott waved and made a Harmonic Bullish Gartley.
I will look at the Bitcoin trade from multiple timeframes and gather them all here down below.
Best to your trading
WALLSTScalper.com
René
$EURGBP (near) pattern completion of a irr Bearish BatIrregular Barish Bat near completion.
Levels to watch for completion are two due to its irregularity but I see the 0.8662 levelas being the one price will react at.
Have to break trend line for initiating a short.
Best to your trading:
WallSTScalper.com
René
$BTCUSD Elliott Wave Technical AnalysisBTCUSD in a parabolic move
Where are we to look for a possible level for a short**
2227 is my level to look for a possible top for wave 3 in the wave up from wave minor 4.
It's too early to say where this parabolic move will end, but parabolic moves normally end with a sudden burst of the bubble.
One of the few Elliott Wave rules says: The 3rd wave can't be the shortest. That's the reason why I have the alt1 and 2 set in. The 3rd wave is already longer than wave 1 therefore there is no limit for the 5th wave up and therefor the parabolic move could still extend and go much further up and make a blowoff top. But for the time being I look for 2227.
I will track BTCUSD 10.18% ongoing. Stay tuned.
Best to your trading
WALLSTScalper.com
René
A potential bearish shark is moving in on $Kalv istaPRZ at 9.76
Target 1: 8.40ish
Target 2: 7.59ish
Have to take out the 8.50 handle for this pattern to play out.
We'll trade this pattern long to the PRZ zone being montering it and then trade it down for the target mentioned above.
$KALV is about to get in geometry balance This biotech company shows all indications on going higher. Just got above EMA100 on daily. Fighting at a 78.6 fib line right now and should get convinced in going higher. Building support level here at the 8+ handle. Daily indicators fighting to get "locked in" to overbought condition.
Stay Sharp on charts!
WALLSTScalper.com