Going
Be Careful! Bitcoin Going Lower! (BTC)Bitcoin downtrend is strong, and there does not seem to be much hope of a rally until we reach lower levels. Volume is still consistently low, which is not a good sign.
What do you think? Do you think bitcoin is going lower, or do you see a bullish rally happening anytime soon? Please leave your comments below and lets discuss!
Am I seing something here? RIP USD.I am pretty depressed...
Not much to say...
Hopefully it doesn't crash too much till 2 years from now...
I want to keep my USD and I know it will go back up that's when I'll change it to euros (I'm living in europe)
But it's hard...
It can't be worse than the last fool that sank the country.
ETH looking extremely cyclic and going to 1800After the last couple of bearish days I lost confidence in my previous ETHEUR analysis. Especially because guys like "sebastian.seliga .7" said we might be in ABC correction.
But now I am even more convinced that I'm right.
ETHEUR hast been extremely cyclic and has already performed at least 2 of these cycles and right now we are in the 3rd.
Every cycle starts with the crash of the last all time high. (ORANGE) There we can see a fist drop followed by an even deeper one to the area of the support from the last cycle.
Then we have a quick recovery (BLUE) followed by a smaller downward wave (YELLOW) wich is not going higher than the last (BLUE) recovery.
After that the chart consolidates and volatility should go down.(GREEN)
After the consolidation we can see a new rally to a new all time high (CYAN).
For the new all time high there are different possible ways for calculation (WHITE):
1. increase since last consolidation (~640) to last all time high (~1200)
consolidation now (~950) to new all time high --> 1780
2. crash (~400) to last all time high (~1200)
crash (~600) to new all time high --> 1800
So I personally believe we might see something around 1800 for a new all time high in a couple of days.
Do you think the same?
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all trades on your own risk
EURUSD: Short Going well. Good spot to increase positions hereEURUSD
This swing trade on the short side from 1.1893 kiss on the parallel is going well, so far. A neat pattern here, with a head
and shoulders at the very top with an exact 200 pip downside target at 1.169 (met) and then a much larger, and more
threatening head and shoulders forming over the following weeks with a downside of 420 pips from the neckline
down to 1.124 minimum target, though this will take time to play out to consclusion. Right now EUR is testing old support, new
resistance at 1,158 and should reverse lower from here again (good spot to increase shorts) and ride it further down (stops for
new shorts need placing just above 1.1590). It should come back to the lower parallel quite soon and then make a good
bounce before failing again. More as move develops.
DGB going upWith fib retracement and trend lines, it becomes pretty obvious that dgb is a good buy atm. Fighting with the resistance around 1300. My belief is that we can expect a quick rise to around 0.618 retracement at around 1600. If DGB breaches the 1600 level, it has the potential of rallying all the way to 2600.
My prediction:
The carefull guy:
Buy 1300 sat, sell 1600 sat
The not so carefull:
Buy at 1300, sell at 2500
USOIL: WTI Still strong ahead of Opec meet tomorrowUSOIL: WTI - still moving ahead in front of Opec meeting tomorrow - suggest staying long up to just before the meeting and seeing where WTI is lying at that point, looking to close down into final spurt of strength if we see it and then getting set for a short if the oppoertunity presents itself as per comment