What an exciting year its been for Bitcoin bulls, loads of new money coming into the market and the media seem to be finally supporting and saying very positive things about BTC. However, I think its time for a short term trend change and we will now finally start to see a decent downtrend. The 4H chart is showing a classic triangle correction which has followed...
Been waiting on this move for a while... Take the break and trade the trade.
After the large impulse down, I am expecting a correction/pullback then at least a second impulse down. Wait for a confimed break of the trend before taking the trade.
This is my overall long term view of Bitcoin. I think we will see $1000 in the short term, but wave analysis expects Bitcoin to fall to around $650 - $700 before a huge move up to $1400 in around 6 months. Maybe around July/August? As ever we will trade this up or down and make money in any direction. Happy Trading Folks.
A rough idea on how I expect AUDNZD to move. look for setups and follow the waves..
Catching some more Siacoin buys on this dip, healthy uptrend developing. Strong coin with great devs and road map. Mid to long term hold.
Seems like a perfect time to buy into Qora. Chart looks great and following my system is triggering buy signals. Invest within the buy zone if you can.
Plenty of accumulation on this coin with a potential 50-100% increase. Keep an eye on this coin and buy within the zone and wait for the pump.
Neoscoin been fairly stable and quiet for a while, recently we had a small test pump, could this be the trigger for the larger pump soon? Who knows? what I do know is we will accumulate some coins and wait. Keep an eye on my twitter feed for updates.
Waiting for this daily correction to finish before I jump on the next impulse upward.
Currently seeing a nice retrace on this move down (B wave) I think we should see price return to around $1140 before continuing the C wave down to below 1k again.
According to my Elliot Wave rules, I'm hoping to see something like this on BTC.
NZDUSD is still in the overall larger correction. I believe we may see a continuation down towards the trendline, before the big move up.
MACD showing divergence and price starting to accumulate. I expect to see a move back down to the 4h trendline. What it does beyond there we will wait and see.
Using the 15m chart we have an opportunity to jump into the downtrend with this FTP trade. Set your pending orders and wait.
I have set a pending trade around 1037.21. Lots of people expecting BTC to continue up. I just dont think its ready. Still hugely overbought and needs to correct very soon.
Current correction due to finish after this final Z wave. We should then see a continuation down to the lower trend line.