Hi guys, long time no see lol, it's been a while since last update of the bitcoin in Oct, actually it was running well in 5 wave up structure as mentioned before, hit 6284,6926,8130 step by step and finally now approaching 10000 level.Here are 2 kinds of senarios: Rally again to break 10000 levels and reach higher extension levels Retest support zones near 7500...
On weekly chart of US30, bullish crossover of MACD hints a strong trend of U30 and expecting spikes to new high. Price seems to complete consolidation around 21722 level, and estmated to reach 23848 in late Nov measured by fibo extension price levels and time zones. Similar to SPX500, I've been holding bullish bias toward us stock market since this May by...
A bullish shark formation at 0.6846 seems to start today, with bullish MACD on 4H chart. If RBNZ raise rate in advance, it it a good time to buy the pair, also with good risk reward ratio after recent huge downside movement. TPS can be set at around 0.7 level, even 0.72 level next month.
Technically we've got 2 kind of signals:Bearish Bat at 1/1676, while ICH hits it is a bullish trend on 30 minutes time frame. So if short right now at the place seems like a anti-trend operation, but from the risk-reward ratio side it is considerable. If u short right now, 1.1660 and 1.1638 are tps before tonight. If u a re thinking some big, wait till speeches...
On daily Chart of euro, 1.1550 is the tp for right shoulder, and 1.1500 is the tp for this 2H channel.Time to go!
A falling wedge is forming with lower high point below 114.73 and 114.36 as well, consider to take short. TPs can be set near 113.70, and futher 113 if there is strong momentum.
Gold price is facing a direction choice, under pressure line since Sep, crucial price levels are 1281 and 1263, fibo RET levels since Sep. Averagely gold price range with (-1.1%,-1.8%) in following 8 hours after NFP data released this year.Set 1275 as basement, the range is 1261- 1298. Under rate hiking circumstances, If u prefer to short the symbol, there a 2...
I'm happy to find the predictions on major pairs, commodities(gold and oil )and indices going well in Octorber, really a season for harvesting.As it the first month for a newcomer like me in this community, I'm feeling really happy to receive praises and gratitudes from traders all around.Thanks for all of your inspirations! Actually I've updating the series on...
I applied the same chart with previous posts, and price hit 6000 successfully. 2 scenarios: Retest 6000 level and gain upward momentum again Retest 5837 and select further directions. U can add a Ichimoku to find the potential prz levels, and buy dip if appropriate.
In 4H chart, there are 3 patterns hints that oil may rally to some level and drop to hell afterwards. Blue bearish AB=CD pattern points to a farely high level near 55, the crucial supply zone this year.But it requires positive FA factors to confirm with,eg OPEC allies agree to cut production. Green bearish cypher pattern is forming CD leg at 52,together with a...
Price has been testing 52 level for the third time, also stand firm on 51.3. A ranging condition means increasing uncertainty, while I'd like to hold bullish bias to the symbol as price has retested 51.30 with pin bar.A FA factors also boost the oil, but it won't be a good idea to buy market price at 52. Buy dip instead. Still holding long trade in line with my...
Gold is under pressure and struggling around 1280, with increasing risk of further movement. Watch 1260 if price breaks 1280, then target to 1250 and 1237. May complete the movement in around 2-3 weeks or so.
On Daily chart , price came to 1.1833 again which was the 38.2% RET of previous drop.Besides there is a bearish gartley pattern right over there, a hard bone to take for buyers. Let's check some important levels in 2 sinarios: Going Up TPs can be set to 1.1880 and 1.19 extention prices. 1.2045 is the ultimate extension level of the triangle move from bullish D...
On Daily chart, price came to 1.1833 again which was the 38.2% RET of previous drop.Besides there is a bearish gartley pattern right over there, a hard bone to take for buyers. Let's check some important levels in 2 sinarios: Going Up TPs can be set to 1.1880 and 1.19 extention prices. 1.2045 is the ultimate extension level of the triangle move from bullish D...
We discussed downside or consolidation sinario in last post, but still hold the long bias , consider to buy near 4572-4641 confluence level. And a bullish gartley pattern formed at 5360 level, means a rising low point from 5150 level, probably a new impluse formation. 5837 still worth to wait which was the 5th wave target of the previous structure, then wait a...
In Daily Chart, I find an interesting combo of Usdollar index, which is favor of my previous idea on rebounding DXY. There is also a bearish cypher targeting to 12130, a mid-term goal which may cost at least 2-3 weeks to reach. Besides harmonic pattern, classical pattern head and shoulder also gives a bullish bias, though it is in progress. Thus we may adapt...
UK GDP data is better than expected, increased the probability for BOE to raise rate in Nov. On daily chart, the pair broke out from the continuation during 2nd wave, now completing the 3rd wave, with ideal target at 2.0 level. Watch 1.96 level , the potential reversal point according to AB=CD pattern. Maybe there are some opportunities of GBP and NZD related...
News on presidential will be released tomorrow, and generally pessimistic prospect of NZD if Labour Party takes more positions in cabinet. The pair has been consolidating within the channel for 2 weeks, may have chances to breakout and target to higher levels. Price got support near 1.8370, target to 1.8700 and 1.9100 as extensions with bullish crossover of MACD.