USDCHF is currently trading in a big corrective structure where I expect the 5th wave to the top of the structure to complete before we see a break to the downside. Smaller time frames show that there is the possibility of one more small move down before we see a break of the current flag formation to the upside to complete wave 5 on the bigger picture. I will...
hoosier craw daddy says that this may be a bull trap coming in the next couple months. we are at the peak of second stage bull market cycle, but price will revert back to mean. usually third quarter gets more mean reversions. no idea what arbitrage will bring, but watching. just identify cycle, decide best sectors, strategize
USDJPY moved as we expected it to. Our long trades made good profit and we are now looking for the entry to the downside. We can see an impulse down to A on the left and then a 3 wave corrective structure up to B which has now broken to the downside. I am looking for a retest of the structure for a short entry where my target will be C which should break the...
First of all, I'm extremely bullish on bitcoin and cryptocurrencies long term. I think they have tremendous fundamental value, and this is not a fad that is just going to pass. In saying that, I do not believe we are about to enter another bull run. Almost every long-term indicator suggests that we need a substantial period of consolidation after the mayhem of Q3...
We are inside a small bearish flag at the moment and maybe more will come, but the big picture looks like a big bullish flag.
My chart overlays got deleted, so I decided to start from scratch, which wasn't bad at all after all, since many charts were pretty chaotic (from what others have commented :-)). Since the big picture is easily overlooked when we look at the smaller timeframes (tunnelvision), it's important to see the overall trend since start to now from time to time to not get...
There is a resistance ledge that seems to be failing on the weekly time frame of the US30. Why do I think it's failing? I see three candle wicks in the ledge, which informs me that there is serious bear pressure in what is a bear market (at this time). Am I saying it is going to fail and go south? No - I'm not saying that. What I am saying is that the greater...
The FX:NZDCAD he symbol apparently is filling a "mega-big" ascending wedge or flat upper triangle and testing the 0.95/0.97 zone. At other times it has been rejected, these weeks could see if it reacts the same form and falls toward the area of 0.85 / 0.87 for next year.
Risk vs Reward will never be wrong. (Swallow your pride and move on) Fibonacci is very essential when it comes to trading. (USUALLY FOR BOUNCING AREAS) Subscribe to Dalin's VIP membership @ highaltitudecrypto.io He's my teacher and he's the best!
A picture says a 1000 words, so why write a whole column. If you think -86% is acceptable over a long period of time, be my guest. Better to cut losses to buy more for cheaper. Not only that, it also has psychological and emotional effects on many people. They are lucky BTC made a comeback, they aren't so lucky next time when it gets deprecated. Ask any...
Short term GU is fulfilling a bullish move but in the grand scheme of things there is a liquidity gap to fill and so I expect a turn around when price completes it's retracement to the daily zone.
Should see some bullish action today and into early next week. NOT TO BE CONFUSED WITH THE HIGHER TIME FRAME TREND. THE BIG TARGETS ON THE DOWNSIDE ARE IN THE 2200s AND THEN RIGHT AROUND 1920/1930. No straight lines. Just something to keep in mind big picture. p.s. we NAILED this short omg.
I'm stuck in with like 75% position on BCH which was bought stupid high from the stupid gdax launch debacle and I'm bitter about it BUT... Here is a big picture chart of what I see and we might see, in my opinion. Obviously I'm bullish. I am bullish because of bitcoins difficulties, it continues forking (the community is dividing), and this coin is basically...
As the title suggests, this is a conservative count for bitcoin's big picture with Elliott Wave Analysis. There are many possibilities for extension and, of course, counting a top is possible too. It's hard to even call out a highest probability count at this time. Just based on the number of possibilities I see, I think we are more likely to see more upside.
Bitcoin: BTCUSD Wave and Price just keeps Growing Life and Times: Just Another Manic Sunday - Bear Witness to the Fastest Market in History - Bar none. Update/positions: Yesterday we got stopped out at 10900 for a 900 point win from 10008 and were looking to re-enter from 10638 in a perfect set-up - it was close but no cigar with the subsequent low being 20...
This is a big picture chart looking at resistance and support levels. The vertical lines mark events. 1st red line is BCH fork. Next blue line is the start of the first LTC spike Followed by the green top of the LTC spike. Then 2 more red lined on the BCG and failed 2X fork. These are followed up by a blue line 1 month after (same time frame as before) which...
Bitcoin Update BTCUSD If a picture paints a thousand words, what about a chart? So Bitcoin could be double topping - if it is it only gets confirmed by a fall below 7347 support line, with first clue a break below the dynamic support (not relying too much on the parallel yet until we can see how it responds when touched, if ever. The other way out from here...