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BTC drop 6000 USDHi everyone! Long time since my last post. I have been watching closely the crypto market. After a loudly bull run, my perspective of the pair has change. As wee see on the chart, the price did broke the 9000 USD support strongly. After that, the bears rejected MA200 showing us a bearish scenario. In my opinion, a dropdown is near to come. The 38.2% fibonacci retracement has been achieved and a correction flag movement is showing up. Probably, on the next days we will have a movement till 6000 USD. Kind regards!! COINBASE:BTCUSD
COINBASE:BTCUSDShort
by Ometrading
quick long oppurtunity. XJO AUSTRALIAN ALL ORDSI'm famously and very publicly BEARISH on most markets at this time how ever this top i believe will broaden, in the mean time we have a nice Inverted Head and Shoulders forming to create our B 'leg' of our ABC correction right now, could be a good gainer on a few market big wigs or just an ETF. Looking to enter LONG on breakthrough of neckline, assuming we don't break down of 'HEAD' to form another lower low. taking profit at marked zone, thank ya mother for the rabbits happy trading ladies and gentlemen thetradingtradie
ASX:XJOLong
by tradingtradefortading
2
DXY Ending Soon The Elliott Wave Flat Correction?!DXY short-term Elliott wave view suggests that the index is doing a Flat correction coming from 8/28/2018 low within cycle red wave II. Meaning that the internal distribution of cycle from that low is showing the sub-division of 3-3-5 wave structure. Where black wave ((A)) ended in 3 swings at 95.73 on 9/04 peak. Down from there the decline to 93.81 low ended black wave ((B)) lower as double three structure with the sub-division of 3 wave corrective sequence in blue wave (W),(X) & (Y). The initial decline to 94.43 low ended blue wave (W) as zigzag structure. Up from there, the bounce to 94.99 high ended blue wave (X). Down from there, the decline to 93.81 low ended blue wave (Y) as zigzag structure & also completed the black wave ((B)) as well. Above from 93.81 low, the rally higher is taking place as an impulse in black wave ((C)) of II with the sub-division of 5 waves structure in blue wave (1),(3) & (5). Where the first leg higher to 94.40 high ended blue wave (1). And pullback to 93.95 low ended blue wave (2). A rally to 95.36 high ended blue wave (3). Then a pullback to 94.99 low ended blue wave (4). Near-term bluee wave (5) remain in progress and may or may not extend higher 1 more time within the blue box area by holding below the 95.93 invalidation level before ending the Flat correction in cycle red wave II. Afterwards, the index is expected to resume the downside or should react lower in 3 swings at least. We don’t like buying the index.
TVC:DXY
by Elliottwave-Forecast
2
ETHUSD: Short: 550-320 5th WaveLots going on in ETHUSD now, some great strong trend lines and patterns developing as we move into what is assumed as the 4th wave of this 5 wave movement downwards... Strong Support, Resistance and Fib Correlation Firstly, note how both the 23.6 and 38.2 fib lines provided traces for both support and resistance as the second wave moved from (1) to (2). By tracing this movement onto the current wave 4 which runs from (3) to (4)e, we see an almost identical trend forming at this early stage. Interestingly the peak from (0) to the low at (3) formed its own support and resistance, giving two vectors or reference for a possible price movement, and this has also been applied as an assumption for wave 4. Volume Spikes Another great indicator to test the buy in will be the clear volume spikes that have taken place at both (1) and (3) which are circled in blue. This should act as good confirmation of a buy zone at (5), although beware the bull trap circled in red - indicator will be multiple high volume exchanges rather than just a singular spike before a continuation down. Price Scenarios S1 and S2 provide two different scenarios for the peak of wave 4 - considering the amount of volume exiting the market and the fact we may not see anything close flood back in over the next few days, although we would expect to reach S1 @ 1100, it may be the resistance at fib line 38.2 is strong enough to hold the price until buy pressure falters. If this is the case, we would see a double peak around S2 @ 890, before a strong movement down to confirm. T1 and T2 are therefore some provisional targets once the final wave has taken effect. I would expect some strong support at the 61.8 fib line and therefore a scenario of T1 @550 being a possibility. However, considering market conditions again with weak volume ratios, we could be looking at a similar trend of (2) to (3) where a slight bull trap could form before a continuation down to T2 @320. Assumption: Short Considering the current volume mix, with significant volume leaving the market causing compressed correction waves across almost all coins at this stage, a conservative estimate would suggest a move to S2 (890) followed by a move to T2 (320) in line with the 78.6 fib level. ------------------------------------------------------------------------- Opinion not advice Comments welcome - 1B2rBfu9X4nms6EtuQWDQuNy87Jn9hYkJs for BTC donations if you find this helps, and want to share the love!
BITFINEX:ETHUSDShort
by HODLBro