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2017

Bottoms up Overall this chart was pretty neutral in 2016, only ranging between about 450 pips in all of last year. However, this triple bottom setup presents an interesting BUY opportunity for the short to intermediate term. Not only does this triple bottom come at a level which price tested and completely rejected about 6 months ago, it is also setting up at the first real test of previous resistance after the "death drop" in January 2015. I'm looking for a bullish break & retest of 60 min pennant formation, and price to consolidate in the TP1 zone. If TP1 zone is broken (trend line included), a re entry is in order to TP2 and beyond. (wishful thinking) Entry - 1.07230 area SL - 1.06700 TP - 1.08300 approx 2:1 risk/reward Bullish divergence on the RSI gives us another clue that price may be going up, however, price has a lot more open space to the downside. So in the coming weeks/months, i will be looking to short off the break & retest of support.
Long
by jonathanwright
Long (turned short?)Price trading within 7 month channel and current supply/demand zone, I'm looking for a rejection (reversal pattern) of lower trend line and bounce off demand within next few days to go long. SL below previous swing low/supply zone (1.30750 area) TP at swing high/double top/demand zone (1.35600 area) This setup gives us a possible 4:1 risk to reward (around 400 pips) ** HOWEVER ** The daily double top is at the 50% retrace of the entire 2016 move, which suggests a serious drop in price for 2017, and possibly running all the way down between the 1.22500 and 1.14400 area (800 to 1600 pips), which also reaches previous yearly structure, and the completion of a harmonic ABCD. In order for me to get involved in this trade short, i'm waiting for a break & retest of demand zone and reversal pattern on support turned resistance. If that happens, looks like the first few months of 2017 is for the bears.
Long
by jonathanwright
2
NZDUSD Jaunary 2017: New Year will be bad for NZDUSDTalking 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. 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 as wave 4 is terminated before wave 1 terminated (i.e. @ 6994). In elliottwave, wave 1 and wave 4 should not be overlap. Considering this facts, we know our risk level and long term 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 0.69944 level and targeting below 0.6800. -- By Hoagtrading.com (@hoagtrading)
Short
by Hoag
BTC and the fundamentals destroy the technical analysis by luck!The new year starts memorably for bitcoin and all believers. 1 BTC: USD 1000.- However, bitcoin price in China is already above $1000 in its equivalent in yuan, with trading price streak beyond 7,100 yuan (approx. $1022.35). A few exchanges, including the likes of Coinbase and Bitfinex have notably seen price cross $1000 per coin. The continuous devaluation of the Yuan, the assumption of Trump as president, added to the FOMO and the good FOMO, with the excellent Momentum that shows the market, seem to devastate any kind of TA. The news that is really coming up leaves us lucky, this time Mr. Elliot on one side. As I write this idea the King continues bullish USD 1,011.00.- breaking the 5th wave of USD 959.87.- Thanks for following and likes!
BITSTAMP:BTCUSDLong
by AndresThomasShirakawa
I O C P O W E R C O M I N G Yes, I know. The men are still talking about IOC. Big fundamentals: I will not stop talking about this currency, since after the BTC is the altcoin in which I believe most of all. A huge and powerful news was notified and circulated throughout the cryptoworld. Source: Https://www.cryptocoinsnews.com/io-coin-readies-blockchain-upgrade-with-best-of-both-pow-and-pos/ Several of this caliber follow until the end of the year, this being an excellent opportunity to get LONG. On the chart, the price is heading towards completing the level of the 5 waves and for a possible break and trend of significant growth.
ILong
by AndresThomasShirakawa
1
A crypro named ioc is finally converted in IOC / TARGET REACHED I think I should be the only one who charts this coin, but finding out, to my surprise we are many believers of its power, potential and future. It reached the target price, with a growing interest and therefore volume. I will not tire of telling you that IOC will undoubtedly be one of the 10 most important currencies in 2017.The target of 2017 gonna be huge, if more ppl would report and invest on this unprecedented project. And as I advised on previous charts, one of the best options to get LONG when you take a break. But there is nothing better than you who are informed and draw their own conclusions. On the web, forums, traders, etc. A crypro named ioc is finally converted in IOC the digital payment system for the 21st Century Http://iocoin.io/ Thanks
ILong
by AndresThomasShirakawa
3
XMR DESTINY & TARGET REACHEDAfter reaching the target perfectly, doing battle against the BTC rally, XMR after a pump broke the RSI to enter in a overbought area. Now after such variation the price needs to correct, according to my point of view, forming a bull flag pattern in an uptrend to follow its bull route. Being one of the coins that most affects the king's onslaught, Monero knew with his characteristic strength and volume to face him and today demonstrate to us that he is stronger than ever and with a very accurate north. Thanks for your time, likes and following!
Long
by AndresThomasShirakawa
SPX / Market forecast for new yearBack publishing again. This one is interesting and I don't want to fully give away how I came to this conclusion. It's from following another related set of data tracked over a year. It was very accurate and only failed once in predicting where the market will go in that year. That was around the time interests changed last year, maybe that had something to do with it. When I say accurate I mean it recorded the direction, but not targets. So the line I drew to forecast on the chart is following some fib levels on where I think it will go. So this may not be much value but I wanted to have it documented incase It is correct. As the chart notes describe. We are in the middle of a 2 week gradual decline/ consolidation. Then we will pick up again for 7 weeks before we hit the next big chunk of consolidation. No point forecasting further than 9 weeks on what is basically voodoo due to the lack of info given. I'll revisit this idea in 3 weeks. If it gets enough interest and the forecast is accurate i'll explain what I saw. Thanks for reading.
TVC:SPXLong
by benchch
3
SHORT 2017 predictions on Crosses - AUD/NZDFX:AUDNZD Currently trading within a contracting range, so we’ll get get some kind of resolution quite soon. I am bit more bullish here, because of these two head and shoulders patterns. I am looking for a break above 1.0800 to trigger the smaller one, which is also important because of the major falling trendline, for a move towards the neckline of the larger head and shoulders at around 1.1300 and if we get a break there – target the 61.8% breakout target which is also former broken support area around 1.2100 For full 2017 predictions on crosses click here
Long
by TradeItSimple
2017 predictions on CrossesFX:NZDJPY The same as other yen crosses it was testing an important support before having a sharp rally higher. Confirmed the trendline from the start of 2015 right at the major resistance level with a massive shooting star on the weekly chart. This level was the neckline of the head and shoulders top which broke down with a huge breakaway gap so there’s a double strong resistance up there. I am definitely looking lower at the moment. The question is - how much lower. As you can see - it has been respecting the lower parallels of the already mentioned falling trendline, so I would say we could probably be looking for a test to one of those as the new support, maybe even trading along to it, all the way to 61.8 % retracement for this whole rally to give another shot to this rising trendline between 74.70 and 76.40. In the longer term, though, I am more bullish and I think we could be seeing the 90.00 level which again is needed to confirm the longer term falling trendline. For full 2017 predictions on crosses click here
Short
by TradeItSimple
2017 predictions on Crosses - EUR/AUDEUR/AUD This year it broke the rising channel, tested it as the new resistance, but stopped dead with no follow through. For weeks now it has been stuck in quite a tight range between 1.4100 and 1.4500. I am still more bearish here as it is putting a lot of pressure on this 1.41 level., however, not so far down below we have a major support area around 1.3800, so we have to be very careful here. From the topside we have a year-and-a-half falling trendline, so to even consider any longs we really have to push through that one. If we do that we could be looking for another test of the former channel and the major falling trendline, but I wouldn't be looking for targets much higher than 1.5000. For full 2017 predictions on crosses click here
by TradeItSimple
2017 predictions on Majors - AUD/USDAUD/USD The aussie is currently my top trade for 2017 and I've already have some shorts running here. As you can see – the latest drop and breakout from this wedge formation comes after just touching this former broken channel support which has become a major resistance. I am currently targeting the 2015 lows around 0.6900 but I do believe it’s possible to get all the way down to the next psychological support and the 8-year lows at 0.6000. I will also be closely monitoring this rising trendline (dotted) – as we could be seeing some kind of consolidation triangle between it and already mentioned former channel support. Take a look at my other predictions for 2017 here
Short
by TradeItSimple
2017 predictions on Majors NZD/USD After breaking down the double top, it used the 2016 to pullback to the neckline to test it as the new resistance. It formed a percfect head and shoulders pattern which is also the higher parallel of this major trendline (green) and is now breaking lower. I am targeting the 2015 lows around 0.6200 and would really like to see how it reacts with the trendline at the100% double top breakout target around 0.5850. For full 2017 predictions watch the video here
Short
by TradeItSimple
BTC/USD/CNY? NO, BTM.(??????) Yes, Bitmark.Making charting of these types of currencies, one take the risks setting fire front to a large number of traders, with as currencies of low volume, traders knows, that´s trend and price can take any kind of direction. I decide to pass sometimes the ridiculous, but based on my convictions on coins in which I believe. This is the case of Bitmark, which gradually becomes noticeable and taking a slow, gradual and progressive protagonism. With a potential, more than important for those who decide to get long and a promising 2017. (Blue line BTC/USD behavior) BTM potential targets: t1:0.00035816 t2:0.00045013 t3:0.00053217 Thanks for the likes and following!
BLong
by AndresThomasShirakawa
4