Bitcoin ABC To Final Bottom ButterflyThis is a short-term short setup for BITMEX:XBTUSD that should be followed by a massive rise in price via the beautiful butterfly effect. It will either be this or price will keep going up from here via the bottoms we've already had. This would not surprise me either. Let's see. If this one plays out or stops out, we'll go from there and plot our way to the top.
Short at: $3,838
Stop Loss: $3,972
Target: $3,250
ABC
ABC approaching resistance, potential drop! ABC is approaching our first resistance at 87.12 (horizontal overlap resistance, 100% fibonacci extension, 76.4% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 81.08 (horizontal swing low support, 38.2% fiboancci retracement).
Stochastic (55,5,3) is also approaching resistance where we migth see a corresponding drop in price.
BITCOIN ($BTC): The Last Chance For The Bulls...This is what I'm seeing for bitcoin as a last chance for the bulls. $3250 is an area I'm eyeing to complete current corrective Wave-B and then should Bitcoin should take us above $4000 as a motive Wave-C of current ABC correction. Current pattern looks like Ending Diagonal.
ABC approaching resistance, potential drop! ABC is approaching our first resistance at 87.12 (horizontal pullback resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur to our first support at 81.08 (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Facebook, legs getting clarityFacebook looks like a clean 5 waves down and clearly impulsive off that low. It makes sense to look for a large ABC to come off that. When we top this move which will likely coincide with the broader market top, we are looking for 3 waves down and another impulse up to finish the correction.
Nasdaq primary after what looks to be an impulseWith reaching the .618 in what looks like an impulse, albeit somewhat weak, I am inclined to think its an A wave and we are making a larger flat pattern in the broader markets. Looking for an abc down to the .618 retrace and a good trade long on the potential C wave up. Order blocks fall in line well with the retracement zones.
AmerisourceBergen Corporation short tradeLet's take a look at AmerisourceBergen Corporation.
we see that we are currently meeting a lot of challenges. we have the two green line which serve as trend limit and backtest. The Red Line was also used in support as a support which now acts as resistance. further we have the 200 EMA which additionally serves as a dump. In my opinion, this is not very strong in this case as the backtest returns from a sideways market. In a sideways market, the 200 EMA unfortunately has no meaning but now serves as additional confirmation.
All these deficiencies are confirmed by the 61er fibonacci line which the chart unsuccessfully attacked.
Looking at the RSI, one sees that the brand was perceived by the market participants to be oversold by 67.
I position myself short and assume that we at least return to the 38 fibonacci. The 23er fibo is my goal.
Save your position
enjoy the way
logindaten
NZDUSD Short Trade Setup to finish the B legI think that NZDUSD could come back to the 78,60 % rectracement (0.65410) of the A leg which originally started in Oct 18.
It coul finish to build the B leg of the major ABC correction and would also be the c leg of the minor abc correction.
The following move could then be a big push upwards to the 127,2 % Extension of the major A leg to 0.71176 or even higher to 0.71950.
Good luck.
Lots of money to be made right now if this is a big ABC correctiIf we are doing a big ABC correction, this analysis shows how it can go down. Gant fans used to help time with major events coming up that can shift sentiment.
2 Gant fans - 1 off ATH's to Dec pivot. another from Dec pivot to 2700 target. Fib targets shown to the left from the 2 big pulls and Fib level (50/100) shown to show our recent reaction off these levels. There is so much confluence to justify a pullback at 2700 which is the 618 from ATHs.
If we were to continue thru straight to 2800 without a B wave, we would have to stay in a very tight channel, leaving no room for an impulse. I don't see this as likely. Lots of people calling for a drop. Lots of people thinking we keep on rolling. I think this analysis is a happy medium, and can surprise a lot of people... which is what we're used to. Lots of money to be made here if we do get a sharp reaction off the 50/100 fib levels.