EW - Bitcoin, correction in the price expected, PROFIT!4rth Wave in down direction: The projection of A flat correction (W), (X), and (Y) zigzag pattern of Elliott Wave.
Expected A, B, and C correction after the 5th minor sub-wave.
Suppose, the price can travel for primary(C) wave(red color) then, 29480 extremely ready for the target.
(INCASE OF THIS IS LONGER CORRECTION, THEN THE PRICE TAKE CREATE NEW HIGHER HIGH THEN FALL WILL START)
You can also look at my previous expected move which was not accurately correct but Gartley Harmonic pattern has given me a huge amount of profit.
Let me show you here.
30minchart
Text Book Head and Shoulders on Gold - appears negated, for nowJust looking at the charts, and some thoughts. Tomorrow is the last FED meeting of 2020, gold traders will probably be adjusting last minute over the next twenty or so hours. That Head and Shoulders can come right back into play if traders and institutions don't like what they read or hear. Should gold go back below 1800, it might be time to consider the gold trade dead for the next month and change. On the other hand, a sustained and well-defended move back above 1880 would put Gold back on the trajectory to a target of 2000 or above. Goldman Sachs updated their target for 2021 as 2300 which seems reasonable if buyers continue to buy. Chinese Lunar New Year approaches on Friday, February 12, 2021 (year of the Ox apparently), which might signal additional buy pressure as February approaches, and traders might start front running that trade soonish. Also the holiday factor is kicking in. If no big surprises from the FED, we have only the news for clues as to what 2021 brings for PMs and for the markets as a whole.
Eyeballing the RSI on my chart seems to show bullish divergence on the 30 minute chart, and apparent on the daily chart as well.
Staying neutral, mildly bullish with the retaking of 1850 today. Not adding, just watching.
A brief from Marketwatch on what to expect going into the meeting:
www.marketwatch.com
Tomorrow will probably be the last trading day of any significance unless Stimulus Talks Drama manifests once more. My thoughts, they have probably agreed on a strategy to keep things calm as we end out the year, even if there are major disagreements. We can all use the rest if that is the case.
350+ Pip Short to The Downside Before Rise to $20K?Back at it again! Whats going on??...
I found a few intraday setups within the 1HR & 30m Time-frame.
I decided to focus in more on the 30 minute because it just looked better honestly... lol
Price created a clean zone roughly in between $19,250 & $19,175. It's currently breaking under that zone, and I expect a retest & fall to occur. Two major areas of profit for Bitcoin is $18,900 & $18,775. Which are significant Psych levels. Because of the recent close under 2 of my Moving Averages, I don't think this analysis will be invalidated. Even though i'm sensing bearish movement, it still aligns with my recent bullish weekly analysis of Bitcoin.
Leave a like if you agree with my Analysis
Leave a comment if you're trading BTCUSD this week
Stay Safe!
-Mr.Pipzz
CADJPY Short trade present.Hello Traders
Here I have a CADJPY chart on the 30M time frame that I trade on settings at a 1:2 risk reward strategy.
A sell signal has just presented. I have taken the trade with the SL set and I am working to the TP2 setting on screen.
Traded this pair this way since February and have 132% gains on capital. Shown by the back tester at bottom of screen.
Drop me a message for information on the script I'm running.
GBP/USD BuyMarket trending upwards on higher timeframes
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Support level held again
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Rejections of support level is hinting a further move upwards
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A buy stop order was the tactic chosen due to it being somewhat reduced risk as it would only be triggered if momentum was to continue in the desired direction
ETCBTC: Strange pitchfork, please commentMost irregular way of plotting a pitchfork, but it's the only version that goes with current price action...
Coordinates:
#1: 0.00051238, 204
#2: 0.00058605, 259
#3: 0.00051899, 232
I'll be damned if this works... in that case the pitchfork is more powerful then so thought.