Careful
Gold Correction Due - before this week market closePEPPERSTONE:XAUUSD
Following the principles of #ElliotWaves, when waves 1 and 3 form without any extension, then wave 5 tends to make approximately the same magnitude in the same amount of duration.
Wave 1 - Magnitude - ~ $76+ in ~ 2 D and 17 hrs
Wave 5 - Magnitude also made ~ $76+ (Short of 60 cents) in ~ 2D 11 hrs as of this post.
In this scenario, when there was no extension in the impulse waves, the correction would be till 0.618 to .50 Fib Retracement Level 2226 - 2200 Range.
RUNE 21.12.22 (Short-Term)RUNE continues to move in the price range I expected. If it continues like this, it is likely to reach the price range of $1.44 - $1.45 , the upper level of the channel.
I'm thinking of making a short position from the area specified in the chart to the bottom of the channel. If the price comes to the $1.44 level, it should be watched carefully.
If there is a pump in BTC in terms of a possible liquidity cleanup, there is a possibility that RUNE will break the channel. Therefore, I will wait for the return indicator before opening a short.
What I write here serves as a note to myself. Does not include investment advice.
BTC EOY (History repeat itself)btc will repeat the same pattern using elliot wave theory we have passed the fourth swing which is a deep correction, this pattern can be formed waiting for confirmation of a breakout of BTC at 64000 dollars to continue the bull run to a realistic figure of 100000-150000 can this happen? DYOR
Very important Trend Line for BTC.The above displayed BITCOIN chart has illustrated BTCUSD pair since Corona Dump (2020 March). We can be seen a very important trend line has begun from that dump and it was a very strong support line for BTC, Unfortunately it has been broken to down and it has been a very strong resistance now, BTC tried several times to broke it how ever currently BTC in a correction zone. If BTC can brake this strong resistance we can see a huge Bull RUN.
#DoYourOwnResearch#
#IamNotaFinancialAdvisor#
Thank you !!!
OMG, people go long, but I short. - New algorithmCurrently the market is unstable.
It's bullish at the moment, but there are some coins - such as BTC - which show a certain degree of resistance.
That resistance can either mean that they will EXPLODE in a super bull run, or that they are acting as brakes.
Given that in such a volatile context our sweet OMG has flown to +30% overnight, we should make sure to open a short position and prepare for a potential bearish return wave.
In case the short position is blown off and the other big players show a bullish movement, we'll just take a small loss and ride the bullish wave to interesting heights.
I am currently looking for an entry point after a small sculpting session from 9.9 to 9.5, in order to short and leave it there for a while.
Afterwards I'll be using 3x leverage to open a short position with 25% of the capital I am comfortable with holding there.
BE WARY: this is not a long time investment strategy. I am testing this algorithm in day trading sessions and so this suggestion holds, but for the medium-long term, this coin's prospects look green to me.
I'll update as soon as the situation changes: leave a comment if you found this information useful, and I'll post more.
Book partial profits
Be careful!!
Nifty is in a bull run, book your partial profits and exit
Nifty has increased to 1048 points from 2nd AUG 2021 to 30th AUG
31st AUG 2021 might be an interesting day for traders and invester. We can expect a volatile price movement during the trading hours.
Thank you!
Feel free to share your ideas or thought in the comment section.
waiting for a bounce on AUDCAD pair took a look on what happened with AUDCAD pair before the RBA release; seems that most of the days prior, are green.
considering also the fundamentals(China, Delta, vaccination): if the bounce won't come, I will get out of the trade depending on the PA. If it will I will place an BE after the trade goes up a little
CRYPTO MARKET CAP. - CAREFUL! GamePlan for the Brain. Man.So we can see a breakout on the daily market cap chart, we also have the GreyScale BTC unlock coming up this week. coincidence?
Well - maybe not. We see that Longs have stopped growing, this is somewhat odd and generally points to a short term reversal coming.
Likewise our shorts are beginning to build.
I would expect this to continue up until mid/late this week, there looks to be a very clear play on the market at the moment with the shorts growing in the short term. Once we reach the middle/ end of the week I believe we'll start to see the shorts top out, longs finish a small correction and start growing again, and btc dump so that investors can get a premium on their GBTC.
Gameplan? follow the money! We know from looking at our short chart that we probably aren't at the short term top as it's still rising, so take some longs until we see btc top out and bearish powers start to take over, then short HARD down to 33k ish.
This is gonna be rather aggravating for hodlers - but you're a patient bunch. For short term traders expect a couple days of excellent opportunities you should definitely capitalize on.
I think we're still quite early in the overall bull-run realistically, possible only a quarter of the way in. But we'll know soon if this is the case or we're in the denial phase and i'm guilty.
BTC heads upBoth daily and monthly incoming pivots which usually always get tested are coming in around 35k area. and that is igorinng the untested yearly in the low 20ks. So if you are bullish it might pay to wait. because we will visit them unless price gets far away from this area by the daily close
It feels great to see that I placed my heart where I thought theIt feels great to see that I placed my heart where I thought the money was coming in.
And it did 10% up.
They say: The love of money is the root of all evil.
But if you don't love money, money won't come to you.
The secret is to put God, Family and friends first, then ---
after --- comes money the last thing we should worry about.
Here is why, 20 X in 24 M. IF THOSE COIN PRICE PREDICTION MACHINES ARE CORRECT.
Don't take my word for it, please find out for yourself.
Again. Please, do not take my writings as financial advice.
I do a lot of research and I share it with anybody reading here. But! ! There s a million things that can go wrong in this business, be careful. That's it.