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Ethereum Has Completed the Measured MoveFrom the breakout point at about $620, where ETH started goin really vertical, it has now completed a measured move, if we assume the entire section underneath that was an accumulation zone. It also matches up with the fib extension of the first Elliot Wave in this bull run, starting from the low in March. Likely retracement targets are around $750 - 800, and best case scenario the breakout point at $620. Not likely, but it might be wise to leave some cash around in case it gets that low. Have fun!
Short
by dontdaytrade
BTC Wave 3 ENDING ? Monthly Elliot Wave! 14K/16K BUYLooking at the monthly chart it looks clear to me that Elliot Waves 1,2,3 has been formed, and now that Wave 3 has hit the 1.618 fib level of wave 1 and dipped signals that wave 3 could be over. Meaning a retracement should occur before continuing the 5th wave. This presents a potential buying opportunity at the 0.236 & 0.382 fib levels, the reason why I think the price will bounce at these levels is because since wave 1-2 was a steep retracement (around 0.618) then we should see a shallow retracement of wave 3-4, because many new buyers who missed out on the last impulse wave will eagerly buy in. If the retracement occurs and it is a shallow retracement of Wave 3 then the retracement should end either at the 0.236 fib ($16.6K) or the 0.382 ($14.6K) fib level. What we do now is patiently wait for this to happen, but in the case price breaks out of 20K and remains above it without faking out, we can consider joining bitcoin ! Not financial advice nor am I responsible for any losses you may incur by following my trading ideas. Happy Trading - WineTrader888
BITSTAMP:BTCUSDLong
by WineTrader888
GOLD Trading Plan - 11/Dec/2020Hello Traders, Hope you all are doing good!! As per last analysis, GOLD has moved down after testing the resistance at 1875. Currently it is trading in Ascending triangle, however facing the immediate resistance at 1845 & have demand zone below as shown in the chart. Normally ascending triangle supposed to be broken upside, however the price action is biased more of downside. Wait for the breakout of this triangle for deciding the next move. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position.
OANDA:XAUUSD
by For3xScalper