One of the best investments I did; $YFI Use to follow it in my tweets. This is a snapshot of what I did saw in its history as I was monitoring. Next steps may make history as the powerful pattern start to form completely . Interesting to watch.
There’s two harmonics, a big and strong candle in last week of Aug and also a very important level at 335 that return below it may be a sign of false breakout of the last HH it this level. Harmonics are ABCD and Shark but they are not that strong with standard form, but price action did a reaction to them. I have my own approach to harmonics and use them beside my...
This may seem a little radical! But first let us review what brought #Gold here. This my analysis of gold when it was ~ 1400$: That was clear that risk will push gold higher and now we reached to the target area. Albeit we had first agreement between US-China meanwhile, but on the other hand Covid-19 came into play and it even worsened their relation too. Anyway,...
With more than 5000% gain in recent years, ChainLink is one the heroes in cryptos market. But recently it started some sever correction. Recently completed a 50% correction that was predictable. This my chart when I realized the possibility of correction and marked the possible targets: now as you can see, we reached to the first target: Now reaching to the...
BTC dominance rejected from a key zone. Continuation signs of this bearish trend in price action promise some deep targets. Could be very interesting for the Alts market. But beside that, this is a big deal for the future of cryptos. It’s like other big and revolutionary technological progress that we had in the past. For instance, compare market share of Nokia...
Ranging in reversal zone. In medium-terms it went up here almost straight and without any significant correction. Maybe it’s the time. Needs minor bearish moves to confirm this, or any violation to invalid. Let’s wait and see. Also, it is forming a bearish harmonic in long-term. In updates I’ll post charts with my own price action analysis algorithm.
It's clear and simple. It has the condition to reverse here to retest previous range's zone. Or drop more for harmonic reversal. As you may know I have an exclusive price action analysis algorithm, that supports this idea. I'll post them in updates.
I’m pro ‘less talk, more think’ advise in life. In a TA community it could be less chart, more analysis! :)) After one year of being a member of TV, with only 13 idea published, even I wish published less. I tried to focus on medium-long terms and got each Bitcoin, Gold and Oil a main chart. Around 8-9 months passed and the chart’s performance was unbelievably...
Hi. First wanna note that I prefer dynamic analysis and updating projections rather than positions suggestions. As Bertrand Russell (British philosopher) says, nothing is more important than "facts" and in reality facts are evolving. One day you see the trade war is intensifying and the other day they say nice things and some cease fire. Seems positive sentiments...
If oil exporters don't do any thing we should wait for scary prices like 30$. As long as the trade war is deepening this is most probable scenario. Wait for the 50$, below it differently scary...
In last short-term analysis I used Elliott Wave: This chart maybe more exact I think, that suggest a short-term correction to 1450$. Keep in mind that long-term outlook is still Positive and if this analysis remain valid, next upward wave could last to 1750$.
It's gonna be the third trend shift in last three months. Price has a 10% - 15% gap with its medium to long-term trend low. Real economic situation is tough, Trade war has been exacerbated and expectations will be more and more toward more economics risk. So the long-term trend low is gonna increase and any decrease in price would be for very short-term.
Guess touch the red zone and then yellow to continue building long-term positive trend; the second time in its history. Green zone is considered because the three Gann fans cross each other there. Lets see what happens...
Last very short-term analysis: The price moved back and forth in this rest period. Now 1528$ (R1) may become new support to start 5th wave (green scenario) or may not and S1 act as support (orange scenario). Note that It is a very risky situation. Price has reached medium term high and close to long term high. watch your position and set reasonable SL and TP.
Just simple Dow theory. Seems it will reach to purple curve. Not so sure anyway ;)
Bitcoin is a valuable property. In future we need this kind of exchange mediums. So long-term trend still positive but its price is closely related to business cycles. This is for it being as an exchange medium. In trade war situation, more secure commodities like gold are more interesting and exchange medium ones are not. Technically, below 9575$ and 8850$ strong...
We should remember, real economic outlook is still not good despite some political actions to stabilize investments.