BTC prediction As you can see, BTC has just finished a classic ABC correction move following a much larger 12345 Elliot impulse down in a bear trend.
I expect some sideways consolidation and a nice battle between bulls and bears.
It's hard to make a solid prediction up versus down at this time, but what is likely is whichever bias is chosen it's really going to take off quickly.
If BTC moves up, it will reach another critical decision around the 9.5-9.6 k range. Bulish movement up beyond here would tend to confirm an official reversal. It could also be rejected from this level back to its dynamic sloping support.
If BTC moves down, it could restart a new bearish impulse supercycle downward, testing the bottom to form U-shaped double-bottom or perhaps a more violent lower-low with a V-shape.
Time will tell! Either way, should be fun to watch the King as usual :)
This is for education and speculative purposes only and is not meant to serve in any way as investment or trading advice for any financial means.
Critical
AUDUSD - ripening for a shortAUDUSD is spotted on 4 time frames. Importantly the big bearish pressure comes from the weekly.
1. There is some slight weakening of the bullish rebellion on the weekly and daily.
2. With the big wave of bear pressure visible on the weekly, I estimate a 51% probability to the down side on the daily.
3. The bulls may not be allowed much more wriggle-room on 4 hourly
I say what I see - at this point in time. History may prove me wrong as the markets are the ultimate judge, jury and executioner.
All traders are free to adhere to their preferred methods of analysis and trading.
Note: My profile gives links to other totally forever free resources, in keeping with Tradingview policy.
Disclaimer: Dance with danger but at your own risk. As Akil Stokes once said, "You're to blame" LOL. In other words, take positions if you wish but your losses are your own. I make no assurances that this analysis will lead to a gain. I accept that 80% of my analyses will be wrong and therefore an 80% loss rate. You have been warned/told.
USDJPY before NFP 6 March 2015Everyone waiting for NFP? Yes
USDJPY now forming 3 drive pattern, likely will fall down to nearest support at round number 119.400 something. But we need to be very careful making decision here because this pair currently will bounce a bit high before drop down with NFP (bad data forecast).
Maybe there will be some spike to the 120.500 level to test the critical level there tonight before the free falling. CAUTION, very wise money management needed here as we still can't see clearly the direction of this pair.
Make sure you put a ideal stoploss and use your money management to control this unclearly situation. Mostly because everyone wait for NFP.
Happy Trading and NFPing !