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December

81 satoshi mark upcoming for XVGBTC pairmy analysis of XVG and where i believe it will be heading towards over the next 3-4 days. Based on previous retracements, elliot wave theory projections and the wave count we should be seeing 81 satoshi's by 1st of December . Expecting to see this "bottom out" or complete its ABC correction (@15min interval) around the 66-68 satoshi range. So at 67 satoshi we can expect an impulse UP to the ~ 71 satoshi level before it finally completes the ABC correction to a mark ~65 satoshi. Once it reaches this final destination of ~65 satoshi's, and thus completing the correction (after recent impulse up to 73 satoshi) we can expect the next wave to reach as high as 81 satoshi's. Feedback and comments are appreciated - if im wrong, please point it out so I can learn from your input. Very bullish on XVG for LONG term hold, with a new cycle in the marketplace over the next 6-8 months.
Long
by astoinis
NZDUSD Short coveredTalking Point: Technical Strategy: Bearish Elliottwave View: Bear count confirmed Analysis From our last December's analysis on NZDUSD (New Zealand dollar vs US dollar), nothing much changed. We are on bear trend count and able to break and trade outside corrective channel. We are considering as wave 2 wave and counting sub wave 3 for larger bear move. On shorter term wave cycle, we are considering bearish wave3 of 3 will continue and can target 6900 and below. We are now expecting channel breakout or some smaller correction in current price @ 6897. Action We are running short position @ 0.7035 and we closed our position here @ 6897 before we entered into vacation. To get more information on trade, please login into "Trade Signal" area. -- By Hoagtrading.com (Twitter: @Hoagtrading)
by Hittesh
AUDCAD December Technical Analysis: Bear trend will take lowsTalking Point: Technical Strategy: Confirming it's bearish outlook Elliottwave View: Reversal confirmed and counting impulsive waves Analysis We are tracking AUDCAD (australian dollar to canadian dollar) since last month. It was trading sideways from Aug-2013. We were seen May-2015 a declined again but unable to takeout Aug-2013 low in impulse manner. We were experienced a bounce from 9170 area in May-2015. However, upside was corrective and can be counted as flat correction in Elliott-wave and possibly correction is over on 1.04 zone. With that in mind, we were expecting trend reversal should be taking place and can be seen impulsive declined from 1.04 and possibly we had it's first leg down from 1.04 to 0.9864 and now reversal confirmed from 1.0100 level. Currently we are counting impulsive bearish wave. We were expecting it's minor first leg and were expected small correction towards 1.00 which we indeed received. This provided our members who joined late in this train. On 19th Dec (Today), we are confirming correction should be over. We are marking this is a complex flat correction where price was traded in range bound. Currently price is testing horizontal support level along with weekly 200 SMA. Break of this level will expose this pair to 9400 and lower levels Action We are running two short position from 1.01 and 1.004, and for both position we lowered down our stoploss. We also added plan for third position 0.9909. -By Hoagtrading.com (@hoagtrading)
Short
by Hittesh
2
DAX 1/12/2016The operation would do it in the following way. If it had not entered even short it would enter around level 10630. If we reach the first target we would draw 50 pips. If the price moves according to the diagram then I would make a long entry to take advantage of the 30 or 40 pips that would give me the pullback. At the end of the pullback, he would make a second entry to target 2, drawing about 60 more pips. In total you could get about 140 pips from this operation by making 3 entries.
FX:GER30Short
by Swordman
Looking to sell strength on cableThe cable continues to consolidate in the relative calm following the October flash crash. Pair is currently hovering above a minor trend-line, extending off of the October 28 low and may find support here and continue to range over the short term. Over the medium term; we're looking for a move lower, followed by bearish continuation and seeking to position ourselves appropriately. We'd like to sell any bounces towards 1.25; or if we are not so lucky, a 4h close below 1.239. Initial support is the 1.2360 - 1.239 zone; with a break below there targeting 1.3, followed by 1.2150. Initial resistance is the 1.25 - 1.255 zone; with a break above there invalidating our bearish bias and targeting the November highs above 1.2650.
Short
by MFXSCharts
Bitcoin Megabull Cycle - Resumes December 7-8My last few charts failed to pinpoint the exact Bitcoin top. Their were several potential tops at $680, $715, $750-760 to consider from. In the end Bitcoin formed the exact ascending triangle(s) we had seen in the $465 - $360 range. This pattern is not new for Bitcoin, as a matter of fact, the same ascending triangle pattern formed prior to the Megabull of 2012 after reaching a top at $14 as seen in this chart: Back to the current setup if you choose to take it: Bitcoin hit $750 roughly on November 2nd on all exchanges forming another ascending triangle, and it started consolidating for 36 days in a wide range of $765 - $650. The expected break out date and start of the Megabull rally is: December 7-8 2016 From there we will be able to continue our journey way higher as we head to the "moon". If we manage to hit $1100 Bitcoin could get higher due to increased media coverage and more interest / hype that will bring new money in to the market. Conservative targets are: $1,150, $2,800 Medium targets: $4,200, $8,800 per Bitcoin Extremely high volatile targets: $10,000 - 15,000 Check out my profile for my social media links and website. I am here to help. Feel free to ask me questions or Private Message me directly.
BITSTAMP:BTCUSDLong
by BitcoinGuru
19
My Idea on FOMC USD rate hike decision for EURUSDSo the time is coming, this is the last chance for the FED to demonstrate that the US economy is strong enough to withhold an interest rate hike and continue to show improvements. there are many political and idealogical factors behind this decision and this is a worry to investors and speculators that think this rate hike should not go ahead and that is only happening because of NON economical influences. lets see first, prior to the 16th meeting >>> the pair could well continue its bullish momentum, revisiting the high of 1090 and even penetrating all the way to the 1200 area where the down trend of this year has been established. also prior to the result and news release, some big brokers and desks will take positions to ensure they have enough liquidity to provide dollars to those who will buy it, so this will produce a few big EUR orders. Take a look at the CME options expiring at the NY cut, this will give you a good idea of what level is the market expecting. WITHIN THE MEETING/DECISION the key word here is VOLATILITY, while traders and brokers decide whether the statement is hawkish or dovish, you will probably see some spikes up and down as they hedge/cover and close their positions currently open. no one will open brand new positions during the event unless is to cover their large contracts to prevent losses here is when you need to be careful with your SL, if this is hit during the event then stay out until you can clearly asses the decision. bear in mind that experts analysts have great tools that electronically analyse the statement and is capable to identify different words and highlight this for the banks so their capacity of response is going to be pretty big nevertheless unlimited. AFTER THE DECISION here is when new positions will be opened, as liquidity returns and new players enter the market, big banks will look to find out how the decision affects their long term outcome and new positions could be undertaken over the next few days. looking at where the initial spike ends up you can get an idea if the outcome was scenario A B or C but still.. this may not probe to be the case and the pair may reverses within a few days of the initial euphoric move. SO IN SUMMARy - Prior to the event, keep an eye on positioning - during the event, volatility could kill your positions, ensure you are covered - after the event, reach the same conclusion than the big traders is essential, load yourself up with good news provider - if you are not sure, or you have no capital, or you feel insecure about trading in historic events, please do not trade this event. HAPPY TRADING HAPPY XMAS! any questions, please ask below :)
by SolidSnake
1
FED POSSIBLE SCENARIOS FOR EURUSD (Dec Meeting)Hi All! As I did back in August with the september meeting, I have decided to create a possibility of different Scenarios for the EURUSD pair for the month of December. I have outlined 3 scenarios based on the price range seen and recheable so far this year, this would give you a good idea of where to buy, sell or hold positions if you are thinking about trading in Dec. As ALWAYS! please be careful what you do, this is not for beginners but Im sure it would be a great time to try a few things with demo money as well. In a nutshell... IF THE FED RAISE THE RATES - the question here is not will you?, or, will your not? The question is, how much? and for how long? - investors will have to digest the FOMC minutes to make sure they understand how much the FED is prepared to raise and what is it going to be the path of increases. in every outcome there is an idea of what would happen if the rate hike is symbolic, when I say Symbolic I mean so small that is just to show they are taking some action but not enough to make Institutional investors change their mind about the Euro. IF THE FED HOLDS ON THE RATE HIKE - this would just take us to the same place we are at the moment, important to watch that pivot line (green) because we will continue to pass over and below this line for a long time and only the ECB decisions on the EURO QE purchasing program will decide what moves the pair (and puntualities like Greece, migrant crisis and also fundamental news) IF THE FED DECIDES TO LOWER THE RATES - this is the less of all outcomes, chances of this is nearly zero and this is why I havent mentioned it on the chart but there still a possibility, if this happens, forget about parity, the Euro and other majors would instantly take over the dollar and we could see levels we havent seen for 2-4 years. Crazy eh? well... we know central banks can be crazy (remember SNB flash crash begining this year) So... here we go, no only the action of increasing will move the market, but also how much is increased and for how long, watch out for inflation and unemployment as these will be the triggers. any questions? - ask me here or on my twitter account @SolidSnakeUk89
by SolidSnake
1