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Expandingendingdiagonal

$BTCUSD - Bitcoin will hit $19652Hi guys! 👋🏻 🔔 Bitcoin is an asset-champion this year with a YTD return of 160%. Analysts of major corporations like J.P. Morgan say that Bitcoin may double or triple in the coming 3 years. 🔔 Since Gold is centralized as it is owned by Central Banks and Bitcoin is not, Bitcoin attracts more and more investors, evading the volatility that government organizations may incur. 🔔 Many analysts are bullish on BTC/USD and many predicted that the price will hit $20 000 by the end of the year, which still looks achievable. 🔔There are two patterns to watch in this price action of the pair, one of which is an expanding diagonal, the other is a parallel ascending channel, both signalling the continuation of the bullish run. 🔔 There are two major resistances up ahead, one of which is the area of the previous high of $18 970 and $19 000 and the next is at $19 652. See bullish confirmations on an Hourly chart 🔔 MACD on an Hourly chart already is about the signal line, and there is a strong support by EMA50 and MA100. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSDLong
by azizelliott
Maximum pain with an expanding ending diagonalBitcoin: Hidden Bullish divergence on the 12H RSI, confluent with trendline support of a potential expanding diagonal triangle to complete wave 1 of a larger 5th/C at around $13k. Expecting a SFP rejection from $13k and a short-term correction to follow with major support at $11.1k and confluence of major support between $10.2-10.3k where there is a strong weekly level and a 4H order block which I suspect will be tested. Should only be a wick to these levels with $10.5k holding on a higher TF close. 12H Hidden bullish divergence:
BITSTAMP:BTCUSDLong
by Piggy_Profit
1
$WTI Daily Chart.More downside, Eyes 36.00 | #crude #oil #USOilTraders, USOIL corrective structure A-B-C (circle) since 09.06.2016 is close to ending, after a last drop, when C-wave (circle) completes as an expanding ending diagonal. A-B-C (circle) possible expanding flat corrective structure pattern. 1- Wave-A (circle) developed into a ZigZag pattern, internal 5-3-5 structure ending at 39.23 2 - Wave-B (circle) developed into a ZigZag pattern, internal 5-3-5 structure ending at 55.21, right on 23.6% fib extension of wave-A(circle) 3 - Wave-C (circle) possible expanding ending diagonal, internal 3-3-3-3-3 structure, targeting 36.00(+/-), where 23.6% fib extension of wave-A(circle) is, 61.8% fib retracement of 1-5(circle) impulsive motive and also it's where (i) to (iii) equals (iv) to (v). Another close target could be where 4-wave's (circle) low is (35.27). After completing this downside, watch for the next uptrend start, and buy the next (C) wave. Trade with discipline. Best
TVC:USOILShort
by ChrisMark
6
$EUR vs $GBP 4H Chart.Hi-Prob. Reversal Near 0.89790 |#eur #gbp Traders, I'm publishing EURGBP 4H Chart even if you can find my view in a daily log scale in my published ideas, for a closer view and a better understanding of the structure and the targets. Daily Chart Since 06.10.2016 the pair has started the correction developing a five-wave sequence, A-wave (circle) ending at 0.83046. So far B-wave (circle) has possibly unfolded into an expanding flat developed into 3-3-5 internal structure - - 1 - Wave- developed into a ZigZag internal structure 5-3-5, ending at 0.88523. 2 - Wave- developed into a more complex Zig-Zag with a deeper b-wave, ending at 0.82970, slightly breaking -wave's origin (0.83046) for 7 pips. With that in mind and if the wave was developing into a 5-wave sequence, we could expect a break of -wave's end, extended up to 23.6%fib - 38.2%fib extension. 3 - Wave- developing into a 5-wave motive structure, expecting internal (5)-wave to develop into an expanding ending diagonal, ending at 0.89790(+/-), where many Fibonacci measurements cooperate, pointing a High-Probability reversal target. If price finally reverse, a big drop is expected, targeting 0,79550(+/-) with a 5-wave motive C-wave (circle), completing the correction with a Zig-Zag. Trade with discipline. Best
Short
by ChrisMark
33