BTC at wave 4, Wave 5 to comeWe have seen quite some bearish sentiment out there. With the last rally bitcoin came back up quite good, but I still think the bottom is not in.
Using the elliott waves, I would say that this is wave 4 and I expect it to go down again, though I am not sure if wave 4 is finished yet. Wave 3 is known to be the longest and there we have seen the big drop so this would fit quite good.
Please tell me what you think out there and give a thumbs up if you agree.
This is no financial advice.
Eliotwave
SPX [TECHNICALS & FUNDAMENTALS] rally to Feb 15 at $2800TECHNICALS - Gann fans and Fib retracements show us going on one more run. On an Eliot count, we can still be working on the 5th wave up. And take a closer look at the top 10 largest stocks... they all have room to go on one more run. Also, we didn't get a sharp dip from the 618 ($2720), suggesting we have room to keep going. Stoch is overbought, RSI is overbought (almost...), but if we stay flat on Tuesday Feb 5 we can work some of this off, and gap higher Wednesday at open. When we finally hit the 2800-28200 fib level, expect to see an impulse touch and sharp fall - similar to how Amazon touched the 618 at $1730 before consolidating.
FUNDAMENTALS - Trump state of the union will be boring... why would he declare a national emergency? That's his last card. He will wait until Feb 15 to do that. Dems have no rush to make a deal bc they want to secure the 2020 election by driving Trumps into defeat. Feb 15 checks all the boxes on the technical projections. I think the Mueller subpoena is supposed to be around Feb 15 too. The jobs report was good, J Powell's dovishness was good. The general public still believes we will keep on rallying in this bull market. Sucker in the last few on this rally to $2800, and drop it hard. Side note- I also look at crypto as a leading indicator to market drops since it is a high-risk sector. BTC looks primed to jump to the top of the ascending triangle before falling as well. We are on thin ice right now though, and the stock market is starting to look (technicals) and feel overstretched. Consider or simply disregard my collection of thoughts here... but definitely proceed with caution.
Still LONG potential in ETHUSD- Ethereum is consolidating around the 105 price area what means bearish potential is decreasing -» bulls can take over and we can expect a break out. However we can still go a bit lower before that happens what could create new buy opportunities.
- After Wave 3 we can in to a new Dessert crossing phase -» I'll target the 200 price area to close a couple positions and they buy in a again. -» wave 4 could be the longest and most boring one so patience is again key.
-Wave 5 should be a strong and sudden break out.
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REP/EUR One more wave up to around 14.5€Expecting one more wave up to roughly around 14.5€ to finish first impulse wave up(or just B wave).
1. Target around 0.618 fib(14.4€) which is also 2.24 fib extension of 1-2 wave.
2. Target around 0.786 fib(15.7€) which is also 2.618 fib extension of 1-2 wave.
USDJPY Possible Long1. Strong Daily and weekly suport at 109.0 - 108,9
2. 50% fibonacci of last wave
3. Correction after first wave of impulse
4. PinBar on H1
5 VSA signal (Big volumen anb Pin Bar)
Open position - 109 - 108.9 after confirmation
SL 108,7
TP - 110,2
1) Ema 200 on H1
2) Resistance on H4
3) 32,8 fibonacci of 1 Wave
CHFJPY short and then longCHFJPY may be on number 3 of Impulse waves, we wait for a candle of strong rejection, and with intention of going down, then we enter in shorts at 114.306 and TP 113.831. Then we wait for a confirmation of continuation of up trend and we buy at 113.841 and we wait for the 5th impulse wave to end, Take Profit at 115.167, watch out for the purple strong zone in the long, you can place your TP 1 there. Use risk management and lets get this trade!
STORY: Alibaba And The Forty Thieves - Steal, steal - MUST READ!Once upon a time, there lived two brothers named Kasim and Alibaba, who were sons of a merchant and had an equal amount of inheritance. While Cassim married a rich lady and became a wealthy merchant, Alibaba married a poor, humble woman and lived the life of a woodcutter.
One day, Alibaba goes deep into the forest for some good quality wood. There, he chances upon a cave owned by a gang of 40 thieves. He watches from behind a tree and learns that the cave is magically protected. He hears the leader of the thieves say a magical word to open and close the cave...
Alibaba said the magical words, and the door opened...
************************
Alibaba is now rich and huge, and he might one day be in the same league as Amazon and Google.
This is China's no 1 - Welcome to AliBaba!
Buy, Buy!
D4 <3
EurAud Sell Idea, Ready Now, wave analysisEurAud ready for another run down wave 3
head and shoulders to reset wave and
complete wave 1
wave 2 had a perfect 618 pullback
wave 3 is getting set
have some candle confirmations on lower time frames
follow arrow down to green trend line, maybe further for the completion of wave 3, over 80 pips
by the way EurAud has been in a down trending channel, respecting the channel lines for quite some time now.
Just an idea...
Is BCCBTC ready to go down? Prepare for a 20% lossHope, it is the quintessential human delusion, simultaneously the source of our greatest strength, and our greatest weakness. It is time to allow BCCBTC to retrace. Looking forward to your comments!
RVN Elliot Wave maybe I literally have no idea what I am talking about, but enjoy the meme lines and BS TA.
Eliot wave started 10/20/18 at 519sats
Wave One 10/20/18 at 519sats (+98% in two days) 10/22/18 at 1026sats
Wave Two 10/22/18 at 1026sats (-33% in two days) 10/24/18 at 678sats
Wave Three 10/24/18 at 678sats (+196% in four days) 10/28/18 at 1328sats
Wave Four 10/28/18 at 1328sats (-33% in two days) 10/30/18 at 890sats
Wave Five 10/30/18 at 890sats (+98% in two days) 11/01/18 at 1762sats
As stated above I don't know what I am talking about