BTCUSD is going downstream, but before we see 40k broken, BTCUSD still needs to retest 50k to gather more steam for the downward push. From my point of view, BTCUSD just completed the AB = CD pattern. I am expecting another retest at 41k (which may not happen, fingers crossed🤞🏽) before a jump to 50k before the downward movement to 30k resumes. Feel free to leave...
We are looking at a 5 waves progression and we are currently on the 4th wave which just completed a mini-wave a. I can't really say for sure, but judging from the correction of wave ii which was about 78.6% of wave I, I would say wave iv has already reached its low (1.17056), which is at 61.8% of wave i - iii. We should be expecting a complex wave iv correction,...
From the last post, we can see BTC moving exactly as predicted. BTCUSD has broken an upper trendline, retested it, and failed to go lower, so our path to 66k is still assured Please feel free to leave a comment and like it if you agree
As a continuation of this idea Price is going to complete 50% retracement at 55k to 54k region before a wave C to 66k begins Please feel free to like if you agree and comment
The chart is pretty self-explanatory. Please feel free to leave comments and like
The chart is pretty explanatory! All trendlines point to one point on the chart. TP 1.2970 Looking at this daily chart, you will observe that anytime the price is rejected at the upper orange trendline, it consolidates to touch the lower orange trendline. I see the same scenario happening here after the price is rejected at the top orange trendline on Nov...
The trend is up, but GU is retracing to the point highlighted in the chart or lower, but will still be within the channel, before omving up. Feel free to like and comment
Sell zone 70.02 - 70.60 region, first TP shown by the orange lines Feel free to like and leave comments
Pair is in a sell region, but you can choose to buy at the current price and TP at 123.34 before selling. Sell till target. Feel free to like and comment
Looking at the above chart, its first supply zone is the only green candle in the downward move AUDCAD made from 0.9502 to 0.9253 and Price is. back to the strong level, and it is currently testing it. if the price gets rejected at this level, I would advise shorting to the recent low. Also, using the wave count, it shows AC is about to start a wave 5 movement...
AU is currently on a downtrend after a divergence that occurred from a strong resistance. It has completed wave a and its playing out wave b as a flat as it bounced off the daily and weekly support and resistance levels. I am looking to buy AUDUSD to 0.7240 which is the end of wave b where I have a sell limit down to 0.6688 which is the end of wave c. Feel...
12 hours ago Looking at the daily chart, I guess it is obvious DXY is on a downtrend and it has shown weakness all through this week The 4HR update shows its possible move for the coming week...I have put a limit at 93.07 with the first TP at 91.56, where we will see some retracements. Feel free to leave comments and like if you agree.
Although GU is bearish it has failed to break the trendline, and I believe it will go up to the point shown on the chart before it continues downtrend
This is looking more like a wave 4 setup of the preceding bearish trend from 17.210 - 16.364 but the daily TF is showing a bullish divergence, which was confirmed by the 5 waves upward thrust from 16.080 - 17.210. This is a cross road at the moment, so I will advise we just follow the direction of the arrow for now since both wave 4 idea and wave 1& 2 ideas both...