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2017

The Tremendous Safe Haven.Bitcoin will take 2017 with storm. The fundamentals is definitely there, and we have a perfect cup & handle in the making. Final Target - 11,000 CNY. Fundamentals: Europe Big political and economic uncertantity in Europe after events like Brexit and the Italian referendum. There's a populist anti-establishment wave going on in Europe and that's really bad for the EU (Positive for Bitcoin though). Italy might see the 5 star movement in office after Renzi's defeat. But more important, France is holding election next year and the far right candidate Marine Le Pen is at 40% today. Given the trend that's going on in Europe, there is a big possibility of a Le Pen victory. Banking Sector We are seeing weak banks all around and a bank crisis in the near future is not out of the question. A little while ago we saw Deutsche Bank struggle, and though it's going better right now for the bank, the future may not. Right now Dei Paschi (biggest Italian bank) is in the spotlight. They will likely need a bail-out. If not, and the bank collapses, it would drag others with it down the drain. Goverments will keep doing what they can to rescue their banks from going under, but remember, one collaps could trigger the "rest". There may come a domino effect and boom we have a bank crisis on our hands. Sitting in Bitcoin sounds pretty good in the case of these events, compared to fiat, right? Donald Trump Big money is welcoming a Trump presidency with an open heart (well, for now atleast). We are seeing ATH's all around and a bullish perspective on the US economy with Trump as president. But we dont' buy it, not for a single second. Donald Trump is a terrible businessman. He may be good at making a profit when he takes advantage of the laws and screws everybody over and some may call that a good businessman, but those business tactics will be terrible for the US economy. And though big money is welcoming him, we believe most are afraid and the ATH's we are seeing is just for the smart money to exit. Remember this? blogs.wsj.com Trump presidency is also bullish for Bitcoin because Trump himself should have a positive view on the currency. You would atleast think so even though he has never expresses his opinion on the matter. That's the big things, but overall there is a significant amount of positive fundamentals for Bitcoin . To give a few more: Bitcoin Is Legal says Russion Federal Tax Service There has been big uncertantity surrounding Bitcoin in Russia. Now the goverment has finally taken a position and it's a positive one. India Rupee Restriction Gives Bitcoin a Boost. India may be the next reason for a BTC pump. Narendra is taking the 500 & 1000 bills out of the economy and making people in India to flock towards Bitcoin. We are seeing huge premiums on India's exchanges. Bitcoin Demand Seen Rise as Chine Restricts Gold-Importation. China is now trying even harder to keep the capital inside it's borders. Restricting the chinese from gold will drive more people to Bitcoin as an alternative. Mostly gone unoticed, but we see this as a huge bullish signal. Why arent Bitcoin Buisnesses Talking Segwit? Segwit is coming and that is a big technical advancement. Making room for a larger bitcoin economy so to speak.
BLong
by Kryptokelly
10
Respect Gann: a BTC forecast for the first semester of 2017My Happy New Year prediction. A possible bullish scenario for Bitcoin until the summer of 2017 based off Gann lines. Gann lines got a lot of respect in 2016, acting as support and resistance at pivotal(!) moments. (8 I extrapolated the rally of June 2016 (the halvening - dum dum duuuum!) and applied that for the first semester of next year. Using Gann and horizontal support and resistance lines as a guide, I came up with a rather precise scenario. Happy holidays everyone and may volatility rock your boat in 2017!
BLong
by maqpie
TARGET DESTROYED AND HUNGRY GO FOR MOREAfter reaching the target and surpassing it with great force, NEM / XEM is demonstrating its power and protagonism. I even encourage to say that it will be one of the main cryptos this year. Of a healthy, gradual and progressive behavior, it is an ideal long-term investment. It is very probable that with the fall of the BTC (orange line) successfully exited the kumo to finish forming the pattern in a few months with that gain. To be in the number 11 in the ranking of coinmarketcap, climbed in these days 2 places remain ninth. Https://coinmarketcap.com/currencies/nem/#charts Https://blog.nem.io/creating-a-telegram-monitor-bot/ Thank you all for your time!
Long
by AndresThomasShirakawa
1
BTC: PERFECT B REACHED, GOING TO C. After seeing so many patterns, charts, own mistakes in the counts, the only thing I really realized is that the whole life of the BTC formed a Cup & Handle pattern, perfect.Seldom seen. In the middle of consolidation, we now turn to C (corrective wave) and last within the handle. And this is where almost all traders have the doubt about the time and value that will take before the expected PUMP. I have two scenarios in mind, in addition to when the BTC goes to C it will retest many areas (fib levs) example the 900 area and pullbacks. C1: 650/750 C2: 450/550 (for me most likely) 450/550? yes Suggestions, advice, etc. are more than welcome. Thanks for the likes, the followers. You probably can not predict the future, but can design to benefit from the most likely events, minimizing the risks
BITSTAMP:BTCUSDLong
by AndresThomasShirakawa
16
Potential GU TradeAfter a 61% retracement, GU retests high for reversal pattern downing to past the 61% retracement level w/ a retest of prior support turning to resistance around the same area. Possible reversal at the 78% or at the 100% confluence level. Off either retracement level: TP 1 = 61.8% / TP 2= 38%/ TP 3= 23.6%. Going past TP1, move SL in profit off a new found support from resistance (technique I know of and use) NOT A PAIR I TRADE!!!! BE ON THE LOOKOUT!!!!!
Long
by NiceToMeetMillz
1
BTC it´s going to B targetThis is a zoom of the handle and its possible and total consolidation phase before the breakout. At this point we are on the way to forming B. Once formed, the trend will become bearish to reach the corrective wave C. If we have the knowledge or the luck of knowing that is definitely and finally marked the C, there will be a change of trend and will be the ideal time to get LONG to wave 3. Many traders get long once the price makes the breakout on the neckline. That remains in everyone and the risk they want to run. In short, my humble opinion is that the whole life of the BTC has formed a perfect cup, the retracement that began to form the handle was exactly -0.33%, the volume grew significantly in the handle (as they say the books) What will now be what the destinations will be and in what time will, B and C and form the break to reach the final target (3) Thanks to the followers and likes Nice trading, good profit!
BITSTAMP:BTCUSDLong
by AndresThomasShirakawa
3
CrudeOil (CL): Continue looking for uptrendTalking Points: CrudeOil Technical Strategy: Buy on dip Elliottwave Count: Breakout confirmed. W-X-Y or sequence of impulse wave on reversal Analysis CrudeOil (CL) is able to break corrective cycle yesterday at 52.64. After breakout, it showed a five wave move towards 53.45 where it met monthly pivot resistance. We were expecting short term set back from this level which can be count as sequence of impulse move (marked in green line) for larger recovery or W-X-Y (marked in lad line). Current market level is providing good level to re-enter into trade with limited stoploss. Action We bought one position at 52.50 yesterday with stoploss on 51.77. - By Hoagtrading.com (@hoagtrading)
NYMEX:CL1!Long
by Hoag
2
Dollar index (DXY) 2016-2017 Analysis: 100 need to be touched beTalking Points: DXY Technical Strategy: Keeping bullish outlook but temporary correction due Elliottwave Count: Nested impulsive count, wave 4 correction is due Analysis DXY (Dollar Index) is trading impulsive in post election session and able to break channel resistance. As per our last analysis, we were suspecting corrective count towards 100 level as wave 4 target. Looking into wave structure, we are expecting we are part of last leg of correction from 103 to 101 and we are expecting another leg is still due which can be targeted below 100.00. 100 is also 100% fibbo expansion of zig zag correction and also be in previous wave 4 zone and can be consider as potential reversal zone. Action As We are expecting small set back to re-test channel support, we are looking to re-initiated our long position on dollar basket, i.e. we are looking to sell EUR/USD (Euro / US dollar), NZD/USD (New Zealand Dollar / US Dollar), Crude Oil, etc. However, for shorter term, we are shorting dollar and buying counter currencies and commodities. We already long on GBPUSD, Gold. -- By Hoagtradng.com (@hoagtrading)
TVC:DXYLong
by Hoag
SLOW, BUT BULLISH AND HEALTHY (TO KEEP ON EYE)Being one of the top 10 currencies in the market cap ranking, NEM /XEM: slow, gradual and progressive is showing a bullish trend, rising 70% in 6 days.From 2862 to 4795 Now after forming a double top pattern is very likely to perform a retracement, ideal to become super long in this crypto that did not show even a small part of its power. A TAKE INTO ACCOUNT THAT IS ONE OF THE "SENSITIVES" TO BTC AND EVERY MOVEMENT HITS AND STRONG. That's why I draw the reference line (BTC / USD orange line) But to go very long the story is different and not to worry about their falls.
Long
by AndresThomasShirakawa
NZDUSD Jaunary 2017: Bear will take 6950 low.Talking Point: Technical Strategy : Bearish Elliottwave View : Bear count confirmed Analysis From our last December's analysis on NZDUSD (New Zealand dollar vs US dollar), nothing much changed. We are on bear trend count and able to break and trade outside corrective channel. From last analysis and trade signal on which we earned +138 pips from shorting this pair @ 0.7035 and booked profit @ 0.6897 on cautious trade during holiday season. Same time, we were expected bounce from channel support which can be counted as a sub wave 4 or sub wave 2 of wave 3 of larger downtrend wave. During our today's review on count, we are on very much sync from our last analysis. We got a bounce and had a nice "Dark Cloud Cover" candlestick pattern. This pattern is also sync with our elliott wave view. This is good position to decide on trade and it's strategy to enter and exit from trade position. Action We re-initiated our short position with 0.6990 level and targeting below 0.6800.
Short
by Hoag