according to Elliot wave principle, silver just finished a WXY correction with a 5 wave as wave Y, which terminates at 23.514 and which is exactly 0.618% of the preceding wave and wave Y is just 0.628 points away from 22.912 as 1.618% of the projected wave W, expanded to wave X, where wave Y terminates @ 23.514 of the correction. and on the smaller degree, wave 5...
Japan (EWJ) outperforms as Coronavirus cases are low (due to low testing), but country now on the verge of a massive virus outbreak, in line w/ EU & US. Italy (EWI) lags DM, seen as new epicenter of Coronavirus. Country on lockdown, virus priced in (relative to Japan). Italy also has sov debt & banking crisis overhang- but Japan also has massive sov debt &...
So many talks about RUB and Oil last days. Well, as for oil - was waiting this downtrend since January , a lot of people told me that im incorrect and USOIL will go up... now its about 30$ per barrel, and im sure that this is not the end ( ofc oil will make a correction before going down again). And now ruble . In 2018 we've made wave (1) and whole 2019 was a...
Source: Corriere della Sera Over 150 cases of Coronavirus in Italy and 7 regions are blocked and many villages in quarantine. Austria blocked all trains coming from the regions ar risk. Risk on for Europe this week. This present a potential short opportunity as the week starts. This idea provides two target levels and good buyback opportunity at Target 2 if reached.
For now I see 2 ways of the price movement 1. Bullish (green variant on the chart) Correction has ended, new big impulse is coming and we have made 1-2-1-2 waves (green variant on the chart 2.Bearish (red variant of the chart) Last dip was only (a) wave of Zigzag, now we are moving in (b). after that we will see 5900% per BTC
It's an alternative to the bullish scenario . Current price up movement is only zigzag correction. Then down to 110-100$ Need more time to identify which one is going for now.
Impulse wave at the end of October was only C wave of X. In this case we should consider big wave 2 as triple combination WXYXZ. ETH made W, X, Y, X, and now we are at the end of wave Z. (a) was an impulse, (b) - triangle. Because of wave (iii) extension, wave (c) is pretty deep. in the nearest future eth will decline in wave (v), but im not sure that it will be...
This chart is quite complicated for wave identification, but I will try. Big corrective wave (2) was finished at the end of September. Since then and nowadays wave (i) with ending diagonal in wave 5 was performed. Now we should wait for the end of wave (ii). From my point of view If BCH does not go up from the current fibo level of 0.61 - the correction can be...
Hello everyone. As I said in my previous ideas about eth - it will go down for a little and then make a reversal. Here we are. Now we have 2 support levels, and as u can see we have reached one of them. The next question is will eth go a little bit more down (170$ or about) or it will go up to it next targets. 2 main targets for now are 250$ and 300$ per eth....
The last movement tells us that wave (iv) is over and wave (v) of wave C has started. Im not pretty sure that (v) wave will be big.
It shouldn't come as a massive shocker to anyone that the U.S. market has been and has gotten even more expensive. For an investor that is just starting out, it is enormously frustrating, since virtually everything is at the top of a very long term trajectory with the broad market yet again knocking at the door of all-time-highs. Here are a few acquisition ideas...
Very similar to the fact that the second wave will either end in the near future, or it has already ended . If we pass the range of 140-130, it is likely that we will go dip to the level of 100$ for the eth.
There is a high probability that the correction will be completed soon. In the range of 7600-7100 I will make purchases. The possibility of that we will come to the level of 7000$ I told in my previous idea
Hello Tradingview! We are happy to announce that today we start sharing our public ideas with everyone! The first coin we wanted to dicuss is (of course!) Bitcoin. Let's analyze the current situation and try to understand what do we expect from the price of an asset in the near future. We see 2 scenarios - positive and negative. If we consider the negative one-...
There were so many thoughts about 7k correction.... I think it was the end.
DXY trip top on the weekly is a strong signal for USD reversal. In my opinion USD was already devaluing for some time but large group of speculators have kept it high longer than ever expected. On this chart also my preferred equally weighted index (EWI) of USD, which simply measures USD strength against the basket of major currencies, each equally weighted. This...
Credit in Europe and US and not confirming a Sovereign debt crisis in Italy YET. This opens the door to long opportunities!