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Onward and Upward: Fibs Don't Fib Series, BTC In case anyone wonders what it's going to do, it's going to go up, and digest the big sale like it historically always has. Under 15k is not a bad time to buy right now for medium timeframe. If you saw my original Bitcoin Elliott Wave and acted on it and stayed patient, you are doing mighty well. Some thing with gold. Gold will be the next to have a big pop but btc will continue upward. The market is just getting heated up. Keep Hunting.
COINBASE:BTCUSDLong
by Piptocurrency
CADJPY Short#CADJPY the lower highs indicate that this pair is going through a down trend. The EMA is a major confluence with regards to downside movement as the 7 EMA below the 50 EMA indicate that the market is in a long term downtrend, this is followed by the 3 EMA being below the 7 EMA which indicates that the market is in a short term downtrend. The short long term down trend followed by the short term down trend means that the probability of downside movement increases! This pair has also gone through a small phase of trending sideways (ranging market). Now this pair is approaching key levels as it has broken the support zone and has broken out of trending sideways. The daily candle being an 'up day' shows that price has had a chance to pull back, giving traders a great chance to get in the downside movement. A break of 79.2 is the target.
Short
by TallestFX
EUR/USD Long Break OutIt appears my plan with EURUSD is going accordingly. I love finding and then trading wedge pattern breakouts. Most of the time they are black and white. In my last post I shed some light on the forming wedge. I actually took a short position off the trend line bounce (a risky one to say the least) and it worked out well for me. I caught a good portion of the move down. Now I firmly believe she is going to bounce off support of 1.0810 area and break out long. Wait for the break out and retest and remember risk management.
Long
by Blackwood_fx
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