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Forecasting

Projecting From Stability Continued: Desert CrossingBitcoin is 3 weeks into a period of extended price stability that encapsulates the final weeks of the bear market. Sentiment remains low and neutral. Recovery will be apparent over the next 1 - 5 weeks. New platforms, like Bakkt and markets have been announced and are planned to come online but positive news will not seem to substantially change prices. A gradual parabolic breakout is not likely before June 2019. Significant price discovery has been established in this range and the bottom of a new channel has been established, but we may continue to test it. Continued growth is observed in institutional markets and new international markets. Crackdowns on ICOs and altcoin speculation have kiboshed unchecked growth in alt markets, which continue to decline. BTC's market domination is over 50% of the total Crypto market cap. That number will grow over the next year. Large leveraged positions against the altcoin markets still aren't available to most traders who operate in compliance with local laws, but they will be made available over the next 1 - 2 years. Medium-term consolidation ends Resistance to growth remained through the summer. Bearish and moderate performance was accompanied by price stability that is still increasing. Heavy resistance remains before bullish sentiment can return. Moderate performance is likely through the remainder of 2018, but I don't expect the price to exceed 9k any time this year. New ATH sometime between March 2019 and December 2019 Heavy resistance is broken—drawn from the 2014 ATH and the December 2018 ATH—and moderate sentiment keeps bitcoin in a consolidation phase under the previous ATH for months. A new wave of adoption from new markets increases BTC volume to previously unimaginable levels. Full capitulation from alt market speculation exposes frivolous and or fraudulent crypto-assets and securities. Government crackdowns and arrests begin to pile up in alt market ICOs. Public outcry against abuse and fraud triggers international concern. Capital escapes from small alts to the top 5. There will be less than 15 cryptos with a market cap over 500 million USD. Additional speculation about the halving and institutional adoption lay the groundwork for a new round of irrational exuberance. The ascending wedge drawn from the 2013 ATH is difficult to break We bounce off an ascending wedge and establish a new ATH between December 2018 and January 2020. The bottom of the channel is not retested. Capital flight into BTC from alts eventually pushes bitcoin through the ascending wedge from 2013, which altcoin markets will likely never push through. Bitcoin's adoption rate rapidly grows. It’s fueled by speculation; institutional adoption will try but cannot dominate BTC ownership. Speculation attracts a new wave of users who are disenchanted with traditional investments. Bitcoin's young male demographic starts to diversify and enter new markets internationally. Lightning wallets become the standard BTC UX. LocalBitcoin processes 15 to 30 million USD in transactions daily. Press praises BTC as a tool ready for “Main Street.” A practical use case for lightning in retail businesses is implemented in some markets. Bounce off the new long-term channel in early 2020 Speculative fever ignites and BTC markets observe substantial resistance for the first time since Dec 2017. The new ATH is somewhere between 100k and 220k USD/BTC and the correction triggers fierce new BTC obituaries from major institutions. Hitting the top of the channel signals a medium-term bear market and moves prices into a comparatively moderate range, under 100K USD/BTC. Bouncing off the top of the channel completes before speculation about the halving takes hold of sentiment in early 2020. 1m USD price targets are commonly issued from established financial institutions by the end of 2021. BTC: 3CX34Yg6o9GPNimDTF3e8UvYhm6QAmFX6N
BITSTAMP:BTCUSDLong
by jarederaj
1
Bitcoin Still at Bottom of Trend Oversold XBT BitMEXAs you can see on the chart Bitcoin has been on an uptrend the past 2 months or so including the rise to 8,000. I suspect that it will continue on its trajectory as I suspected after we saw a false breakout downwards. From there you could have made already at least 100-150 pips. But I see this wave going much further around the 7200-7300 range. If you have never heard of BitMEX you are going to LOVE it: www.bitmex.com Use my affiliate link for a 10% discount on all fees for the first 6 months of trading. Thanks, Chris
BITFINEX:BTCUSDLong
by ChristopherCook
$TWLO - Nears Corrective Decline; CROW Eyes 54.56 - 08 AUG 2018$TWLO - Nears Corrective Decline; CROW Eyes 54.56 - 08 AUG 2018: Tentative count suggests near-completion of 5 wave impulse, pending correction CROW Code suggests residual leg up to 77.78 TWO Possible Scenarios: 1 - Complete Wave Count: Assuming tentative wave count completed at recent all-time-high, look for decline to 53.17, or CROW target: 54.56 OR 2 - If price breaches 77.25 high, CROW target will require further revision, but Elliott Wave principle would likely apply such that 53.17 vicinity would likely be revisited. A more precise CROW target would still require further revision. David Alcindor
NYSE:TWLOShort
by 4xForecaster
Projecting From Stability ContinuedCurrently Bitcoin is 3 weeks into a period of extended price stability that encapsulates the last 25% of the bear market. Sentiment remains low and neutral. However, recovery will be apparent over the next 7 - 20 weeks. New platforms and markets will be announced or come online but positive news will not seem substantially change prices. A gradual parabolic breakout from stability is likely after the next 7 weeks. Significant price discovery has been established in this range and the bottom of a new channel has been established, but could be tested. Continued growth is observed in institutional markets and new international markets. Major financial tools for institutions have been announced. Crackdowns on ICOs and altcoin speculation have kiboshed unchecked growth in alt markets, which continue to decline. BTC's market domination is confirmed and will push over 50% of the total Crypto market cap soon. Large leveraged positions against the altcoin markets still aren't available to most traders who operate in compliance with local laws, but they will be made available over the next 1 - 2 years. Medium-term consolidation ends Resistance to growth remained through June, July, and August. Bearish and moderate performance was accompanied by price stability that is still increasing. Heavy resistance remains before bullish sentiment can return. Sideways and comparatively moderate performance is likely through August and possibly through September. New ATH sometime between November 2018 and June 2019 Heavy resistance is broken—drawn from the 2014 ATH and the December 2018 ATH—and moderate sentiment keeps bitcoin in a consolidation phase under the previous ATH for months. A new wave of adoption from new markets increases BTC volume to previously unimaginable levels. Full capitulation from alt market speculation exposes frivolous and or fraudulent Crypto assets and securities. Government crackdowns and arrests begin to pile up in alt market ICOs. Public outcry against abuse and fraud triggers international concern. Capital escapes from small alts to the top 5 - 10. There are less than 20 Cryptos with a market cap over 500 million USD. Speculation about the halving and institutional adoption lay the groundwork for a new round of irrational exuberance. The red ascending wedge drawn from the 2013 ATH is difficult to break We bounce off an ascending wedge and establish a new ATH between December 2018 and January 2020. The bottom of the channel is not retested. Capital flight into BTC from alts eventually pushes bitcoin through the ascending wedge from 2013, which altcoin markets will likely never push through. Bitcoin's adoption rate rapidly grows. It’s fueled by speculation; institutional adoption will try but cannot dominate BTC ownership. Speculation attracts a new wave of users who are disenchanted with traditional investments. Bitcoin's young male demographic starts to diversify and enter new markets internationally. Lightning wallets become the standard BTC UX. LocalBitcoin processes 15 to 30 million USD in transactions daily. Press praises BTC as a tool ready for “Main Street.” A practical use case for lightning in retail businesses is implemented in some markets. Bounce off the new long-term channel in early 2020 Speculative fever ignites and BTC markets observe substantial resistance for the first time since Dec 2017. The new ATH is somewhere between 100k and 220k USD/BTC and the correction triggers a new BTC obituaries. Hitting the top of the channel signals a medium-term bear market and moves prices into a comparatively moderate range, under 100K USD/BTC. Bouncing off the top of the channel completes before speculation about the halving takes hold of sentiment in early 2020. 1m USD price targets are commonly issued from established financial institutions by the end of 2020. BTC: 3CX34Yg6o9GPNimDTF3e8UvYhm6QAmFX6N moonmath.win
BITSTAMP:BTCUSDLong
by jarederaj
10
EURUSD: Long Term ForecastingThis week I did take two trade in the EURUSD, both of them being succesful (links below). I got several pm's from traders asking me to post my view in EURUSD forecasting the bigger picture in order to have a solid base to take our decisions. Looking at the weekly chart of EURUSD and using median line analysis and simple structure levels we may easily see is that price is now being traded at a key support level which consist from the lower parallel of the upsloping pitchfork and a previous resistance structure level now acting as support. In addition to that - always in the weekly chart - we do have a pending head and shoulder pattern with the left shoulder and the head sitting at 1.20450 and 1.25400. A potential rally towards 1.20450 will give us the completion of the pattern and a very good reason to watch for shorts. Switching to the daily chart we do have more confluence. At current support level we do have a double bottom pattern completion in additon to a bullish RSI divergence - a good sign that price is about to reverse. All the above give us a clear bullish context in EURUSUD..! This does not mean that is certain that price will head north. Structure changes in no time and our job is to adapt and reconsider our view..! Like and follow this post as I will continuasly update it when setups make their presence..! Lastly but no least, feel free to ask to questions and post your ideas so we make this EURUSD idea a big one with a ton of value for the community..! Afterall if BItcoin is the king of Cryptos, EURUSD is the king of all currencies..! All the best, John Daily Chart:
Long
by Fxprotrader
3
SPX 500- Resistance, Support, As you can see there seems to be a lot of resistance on the downside for SPX 500 to fall towards my target price, but I believe in Drama's and not just easy trades. I like the story in the charts which has been given to us time and time again. The momentum is towards the upside as it has broken the major trend line but that does not mean we will not break it again on the downside and there will not be a bearish trend formation for short term swing trade opportunity. I see one, not many do. We need to see if it breaks about the strong resistance area of 2740 and moves towards 2780 or does it closes the gap and moves towards the major trend line.
SP:SPXShort
by shaxrashid
1