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Eilliotwave

[08/10] Beast Trading _ Today's Bitcoin Perspective Beast Trading _ Today's Bitcoin Perspective Bitcoin has been showing a strong trend since August 8. That's why I don't think it's good to trade with the mindset that "Bitcoin has risen this much, so I'm going to take a short position" and "Bitcoin has fallen this much, so I'm going to take a long position." First of all, after the strong rise in B-c accompanied by the volume of transactions I've suggested two days ago, we're going exactly according to Elliott's view that there's a stronger C-wave decline with the volume of transactions, and it's now in a very important section. This is the bottom line of Bitcoin's one-hour parallel channel, which I emphasized before, and it is a very supportive position at the level of one salary. And as it has a strong meaning, it has shown a weak rebound by supporting it at the bottom line despite its strong decline. I think there will be a little change in the big view depending on whether there will be a further rebound or a break from this position First, there is a high chance that the rebound will not come out properly here, and if you break the bottom line, you will go according to the previously raised point of view. There's a lot of possibility of a further plunge. Second, if there is a rebound here, it is likely that the B wave, which is newly raised today, will converge for a long time. It's a perspective that keeps moving up and down in the form of a triangulation and rising at the end of the convergence. Considering the current four-hour stoic, it is located at the bottom line, so even a slight rebound is expected to give a little boost to the rise. + The purple trend line at the top is the bearish trend line from 32k.
by BeastTrading_Sehyun
3
Eurusd 1h , buy signal • Head and shoulders pattern. • The price is now falling in the form of three descending waves. • We will wait for the price to reach 1.2068. • The mentioned price is the best price to enter a long position. • 200% Fibonacci ratio (from A to B ) . • We expect the price to move in the form of ABC in three impulsive waves. • We recommend paying attention to the candle closing above the price and forming a convincing bottom, or waiting for point B.
by NorsTrade
1
US Dollar Index Wave 3 in progress towards 94.65US Dollar Index has dropped to 98.03 levels today as we publish this short term update. The medium term outlook remains bearish as Wave 3 progresses lower towards 94.65 but intraday pullbacks remain possible. The index might pullback towards 99.25/30 before continuing lower again. Lower time frames are indicating a bullish divergence on the RSI as prices continue to drop. A retracement towards 99.25 would be healthy for the next leg to resume lower again. Ideally, US Dollar Index should stay below 100.56 handle, the Wave 2 triangle termination. Overall structure remains bearish as a meaningful top seems to be in place at 103.00, going forward. Strategy: Short against 103.00, targeting below 94.65 Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Markets is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media. Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage.
TVC:DXYShort
by ExclusiveMarkets