BTC 1 month chart prediction, multiple reasons/argumentsBTC will is creating a Shoulder-Head-shoulder patern.
On mid-long term BTC will follow this trendline in my opinion.
Multiple reasons are listed for bullruns and drops.
Some of these reasons are the listing on the stockexchange (18dec) and the new "weak hands" it will bring allong.
Also worth mentioning is the fact that people are getting a christmas bonus.
Some people will use it to buy the new "trendy" bitcoin.
Keep in mind that this also happend with gold and silver after they got mentioned on TV.
After this "Dip" BTC will rise again, I don't expect a real crash, just a small correction after the 1700% gain this year.
For long term investors (+2-3 months hodler's) there is nothing to worry about, just buy some more in the dip if you want to triple that money in a few months.
DROP
AUDJPY will drop offEsto es lo que estoy esperando en AUDJPY; la formación de la onda C, y la caída hasta el -27% de Fibonacci. Colocaré un Sell Limit en el nivel de 38,2%, y un Stop en el 61,8%. Todavía falta por ver esta semana, para dónde se mueve el precio.
-----------
That's what I'm waiting for in AUDJPY; the C wave formation, and the fall until -27% Fibonacci. I'll set a Sell Limit order in 38,2%, and a Stop Loss in 61,8%. I'll see this week where the price is going.
Possible targets for USDJPY Dec' 2017After seeing increasing selling power on CHFJPY early November I researched the source and discovered that all major currencies were working something out, similar to one year before. Quite quickly it became clear that a similar series of event would take place in the next 4 to 8 weeks.
The currency pair USDJPY seems to be leading the series of events by moving first. Last year the US Dollar lost substantial value against the Japanese Yen and all correlating currencies were affected. Lots of opportunities to milk the market.
This year started with similar drops. Each drop is also pre-ambled by what seems to be an algo stop hunt. See my previous idea on this subject. Not all of the drops have stop hunts but I may have overlooked a few because they are not always as obvious and they often cause the price to rally just after having dipped just under a support level .
Then a unexpected trend reversal on November 27 UTC. The following drop of December 1 UTC was within 6 hours reset to projected level up from where it dropped, only to rise higher to 112.8 and then 113.6. I expected 112.8 to be the maximum value for the price to climb back to but it surprised me with 113.6.
With this new information I came up with 4 possible outcomes;
1) The price continues to rally to hits resistance at 114 with a chance of breaking through to continue to rally to heaven.
2) The price continues to follow its underlying trend and hits support at 106.
3) The price continues to follow its underlying trend and increasing selling power pulls the trend down towards support at 103.
4) A price crash is caused due to increasing selling power. Buyers abandon only for the price to then snowball down and break all support levels up to 98.
USDJPY DROPThe bias of the bearish momentum is now back in motion. I have plotted all you need to know on the chart. head and shoulders. broken through a previous support region.
I recommend you [ b]hawk the 4 hour chart and wait for a strong reversal candle once the price action reaches the baby blue ray i have plotted as that is what i will be doing .
Don't let greed consume you.
Make sure to trail stop and change it often reasonably.
Watch out for any trend reversals, fib retracements etc.
DAX testing support zoneFor the last few days we are observing on DAX a strong fall without correction. On session in November 13th price has touch support level and bounced up for near 150 points and drew bullish pinbar, but this didn't stop further price dropping. Today price has tested once again support level and went lower where buyers came out. This could beclassic hunt for stop loss characteristic for DAX. Question is if big players bought there? If yes, than we could see on the next sesssions defense of this level. This could be a good opportunity to open buy order. Looking for a bullish pin bar of November 13th which was negated we will wait for more signals to buy. If support zone at 12900-12960 will not be defended, price could drop at least to 12500 - 12300.
LTCEUR 30min - coinbase - thoughts on recent price boostAfter yesterday's increase in price, LTCEUR has dropped to a 1.6 fibb level, below the initial support level. It then tested that resistance and failed to break it. Does this mean LTC is about to drop even lower or will it continue the path we saw yesterday? Let me know your thoughts. Any questions/comments are much appreciated!
Cheers!
AUDUSD back to support levelAUDUSD unexpectedly turned at 0.7880 and is going back to support level near 0.7750. In our previous analysis we have expected that price will go at least to lower boundary of resistance zone at 0.8840 but that did not happen. Price could break support level and go lower. In this scenario we are expecting that price back and test broken support level (this will be resistance level and there will be a good opportunity to sell) and than go lower. Of course current price drop could be only Stop Loss hunting before the price will go upper, so we will be watching carefully price action at support level.
EURUSD case study after fomc 2 day DROPPING - OVERBOUGHTI have been follow fomc event and after trade and it is very interesting of seeing how change it process each day
but i will say that it is mostly ending up trend according to the slowly pace in this morning
most likely move this is the highest high or if it higher I think it should not be more than 100 points the most
as the previous high 1.19600 is the highest high OR
if people are more crazy to buy more at overbought price it can be 1.19700 the max
now, today you will see the drop whole way
If you like my analysis please help to like and follow
Thank you
Enjoy trade
LTC BIG DROP NOW. What does this mean?!BTC and LTC seem to be acting differently in terms of Volume. I believe BTC is too expensive and not attractive to buyers and sellers. LTC and even VTC seem to be taking over for now. LTC should reach in the thousands at this rate because of its attractive price points.
The yellow arrows are pointing out a pattern in which history has repeated itself however the last weeks major decline let into a 30's low. This is a smaller sideways decline in which I believe is why we should be near the bottom at around 45. (for now)
The Red Arrows are pointing to the short dips
The Green arrows are pointing at the short rally
If LTC gets into the 30s I will update the chart but at this moment I see the big dump of September 21, 2017 nearly over. I am a whale investor and I have been investing for a very long time. I have purchased at exactly 45.5 which I felt was a good place to purchase this. I see this rebounding a lot and it could be 60 until it comes a bit down again. This is short term so i'll have to calculate the next move.
(Oh and please give me reputation points. I can't get into the public chat without 50. If you enjoyed this hit the thumbs up it will help me out a lot)
Thank you and happy trading!
Ether - Bitcoin - bubble (Correlation)The Ethereum blockchain has been released in 2015 and is therefore still very new to the vast majority of the public. However, sharp rises in value recently have caused more and more news stations to pick up on this topic, publishing more and more articles about it. The consequence was that many could in fact see that there is a huge potential behind this technology and the projects based on it, yet, did not really understand how it in its core works or more basic, what it actually represents. This caused what some would call "dumb money" to be invested into cryptocurrencies and other blockchain tokens, pushing their prices even higher and causing more people to invest in them in a wave of excitement about blockchains and their seemingly unlimited possibilities. On the other hand, the last few bubbles were not too far in the past and therefore everyone knew that it was a bubble. The reason they still invested was simply that they thought the bubble was still at its beginning and not about to burst yet. Everyone, especially the "dumb money", was thinking they were being smarter than everyone else and saw themselves as the "smart money" (no-one likes to be seen as dumb) and in order to be the "smart money" they had to be out before the bubble would burst.
On Monday the 12th of June, immediately after the end of the Bancor ICO which raised ether worth roughly $153 million, this wave of excitement finally reached an end. Since, unfortunately, Bancor can neither use ether to pay any kind of employees nor use them to rent premises or something like that which leaves them no other choice than selling at least some parts of their ether holdings in order to ensure that they will be able to cover their expenses. The drop briefly broke the excitement and caused more people to sell their holdings, yet, the price mostly recovered after the news leaked out that the ICO raised about $153 million in just a few hours, recreating the believe that there is still more upside potential. Though, what the actual "smart money" realised at this point or already had realised before was that due to the increasing amount of money flowing into ICO's (e.g. EOS), even bigger amounts of ether will be sold at one time and, thus, after a certain amount of time, entirely breaking the current excitement and causing the bubble to finally burst. Additionally, almost simultaneously, there appeared some fake news about Ethereum's co-founders Vitalik Buterin, having died in a car accident, making prices drop even more.
On Sunday the 17th of July, just after the price hitted its low at $137, it seemed for many investors low enough to get back in the game and buy some ether. Also, now that the bubble seems to be gone, investors are again considering ether as an investment with "guaranteed returns". However, all the news which created this abnormal excitement around the blockchain blockchain have been leaked now, meaning that there is nothing to get excited about anymore which is why we are still in a bear market with ethereum and other cryptocurrencies.
As the chart above shows, there is a significant correlation between the current ether price chart and the bitcoin bubble in 2013/2014 which is only logical since the situations in both cases are quite similar:
1. A huge wave of news, causing more and more people to get excited.
2. Excitement breaks (no "new" news, "smart money getting out", ...)
3. Price is now low enough for investor to get back in.
4. No new excitement is created: slow depreciation in value.
Trading:
Since the price is likely to keep rising for the next couple of days, I suggest now to buy some ether and to set your take profit at the resistance level at $316.
Huge analysis to the end of julyIf you look to the Bitcoin currency from the 1-st of January 2016, you will see a regular pattern: price was dropped to the MA20 every time when the new bubble bursted.
To my opinion this correction is necessary for healthy bitcoin growth.
Only one thing can break this rule: the SegWit. It can start agressive growth of the price from 1-st of August, but one day it will drop anyway.
Let`s see what happens. God save us all :D
Welcome To The Dow Jones Industrial Double Top CircusWelcome to the double top, prepare for the drop!
The DJIA achieved a double top and recorded a lower high than the record high on March 1, 2017. The next few days are crucial to see if the Dow can break through this ceiling. If it cannot, the drop could be to recent levels of support or the house of cards could completely crumble.
The stochastic is nearing overbought already and due to come down. The vortex indicators are struggling for direction and neither one wants to break above 1. These indicators support indecision and a potential fall.