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Emacrossover

Wave 2 completed, now BULLISH / Upward move for a Wave 3 run!Following my CORRECT analysis last month here: BTC has now completed a Wave 2 and has now started a wave 3 run upward ! Although many believe BTC is now on it's way down, due to the Announcement in China regarding bitcoin, fortunately, the panic is all hype and no substance, as inexperienced traders have sold their coins due to China FAKE NEWS !!! this was a totally predictable correction, only deeper than expected due to inexperienced traders panic selling ! See here: twitter.com Wave 3 is now in progress and price action has broken structure and is on it's way up again, going LONG, with several deep retracements along the way. TDI shows precise upwards progress, where the RSI indicator currently at midband at the time of writing, however is on it's way up from the 40.0000 zone, which means it has just come out of previous oversold status !!! Mustard has crossed with Ketchup EMAs and we can expect them to cross with the MAYO and WATER EMAs for another confirmation of bullish trend. Price action has now just crossed the Mustard and Ketchup EMAs (5 and 13 EMAs) and after a likely retracement should see a significant push upwards from here on in. Blueberry EMA has not been crossed, it was however pinned by price action, which is another indication of more upwards move on the higher time frames. Major support trendlines has not been broken, the Purple Line has also been pinned however the RED trendline has not been breached either. Support areas have not been breached and the Flip Zone has proven once again to be holding price action as well. In my opinion, all indications are now GREEN for another upward LONG (Bullish) run for BTC, my calc shows up to around the $5,800 price range, gonna enjoy seeing the price increase in any case. However I do feel sorry for all of the inexperienced amateur traders that sold their BTC based on FAKE NEWS... such a pitty. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSDLong
by UnknownUnicorn661419
11
TIME WARNER INC ON DEATH SPIRAL DUE TO #CNNBlackmail SCANDAL ?It seems Time Warner Inc may be suffering the result of it's Turner Corporation's CNN being associated with #Fakenews and the terrible #CNNBlackmail scandal? On the technicals, in my opinion, on the 15 Minute and 1Hourly Charts, we can see a clear swing from a strong resistance area / flip zone, after a Elliott impulse wave on the subminuette period, going SHORT through to an ABC corrective wave. The trend shows a swing to Bearish as well as a BULLISH BAT HARMONIC pattern visible, which seems to be on it's way to confirming the SHORT move. Price action has already hit the Ketchup, Mustard and Water EMAs and the Ketchup (5EMA) is now crossing the Water (50ema). A possible SHORT entry may be forming to take the continuation of the Bearish move until the Mayonaise EMA (200EMA) which in my opinion, the market will open on a GAP, from it's current close position at $101.51 at the time of analysis, to a lower price, possibly around the $101.40 ~ $101.20 area. It seems the Blueberry target (800 EMA) is most likely to be hit with a retracement up to the first Harmonic Target at approx. $100.93. I'm of the opinion that the second harmonic target at approx. $101.44 will Not be reached and price action will continue in a bearish trend. TDI on the Daily, 4Hour and 1Hour charts, are also showing the beginning of a shark fin with blood approaching the water, which seems to provide a signal for a possible retracement, before the continuation of a very fast move SHORT finishing move, once blood is in the water. In my opinion, based on the patterns as well as market sentiment (& fundamentals = eg. Incredibly Low viewer ratings and poor performance with possible repercussions to advertising revenue directly due to #CNNBlackmail scandal) that will continue to send this stock on a downwards death spiral, unless CNN management is overhauled and somehow CNN are able to miraculously salvage their already extremely poor credibility (in my opinion this is highly unlikely based on the current company culture, scandals and very poor performance). It is not the first time that a parent company suffers from a subsidiary's etc... poor performance or scandalous behaviour. Therefore after market open, I will be looking to SHORT the hell out of this stock for absolute maximum profit (especially if there is a significant GAP on market open) with my TP in the $98.xx region or lower, should additional scandals appear to affect market sentiment. Should the Harmonic pattern be confirmed at the Blueberry 800EMA, I'll take a LONG up to the first harmonic target @ $100.93 and prepare for an additional SHORT once market behaviour confirms continued bearish trend. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or anything similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP ! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
TShort
by UnknownUnicorn661419
2
Possible completion of Wave 2, setup for Wave 3 LONGIt seems we may have a confirmation of the end of a Wave 2, ready to trade a Wave 3 LONG. TDI in this instance shows almost oversold position and would correspond directly with the price action and structure. The Mustard, Ketchup, Mayo and Blueberry EMAs have also all crossed (note Crossing of Ketchup and Blueberry EMAs) suggesting an imminent reversal to go LONG. Entry on this stock would be on breakout of Structure as shown by the trendline breakout point (in RED). Caution always advised. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP ! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
NYSE:IBMLong
by UnknownUnicorn661419
Bitcoin Technical Breakdown ContinuesBitcoin continues its technical breakdown. On the 1-day chart the 50-day EMA has crossed below the 100-day EMA. You'll also notice Bitcoin price has dropped far below the 200-day EMA as well. In addition, Bitcoin has fallen below the Keltner Channels, which is something I had mentioned as a possibility in the past. On Balance Volume (OBV) is at an extremely low level. The last time OBV was at these levels Bitcoin price was closer to $100 than $200. Expect the pain to continue.
BITSTAMP:BTCUSD
by TerryKinder