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Etherium Elliot WavesI really like the community on trading view. This is my first public post and analysis. please help point out the flaws. I know wave 3 is not supposed to be the shortest wave, and also point 4 cannot go lower than one, but not sure how to measure the length of each wave? Is it percentage based from the previous low. So if wave 1 after abc correction is 300%(according to measuring tool) then wave 3 has to be more than 300%? This is my first attempt at Elliot Waves and fib extension.
Hardfork drop predictions? Let me know!So the Hardfork is getting closer and closer. BTC will likely drop, but where will it find support? If you look at the trend since July, You'll maybe say that it will find support at about 5000. that's the bottom limit for the long term trend.
One more thing that might argue the opposite: BTC will rise right after the Hardfork -> People will maybe trade the new SegWit2x coin for BTC, driving up the price of BTC.
As you can see I'm still confused. I want to go long on BTC, but am confused for what is the right time.
Let me know what you think!
BTC longterm trend (I'm new, give feedback pls)So after keeping my eyes on the chat and on the chart BTCUSD, I noticed a lot of people expect a dump. BTC has been roughly following the same trend for a while now (red lines) and people are expecting it to bounce of the top limit, resulting in a dump back downwards. But, taking the news into account, is there any reason to believe in a dump if there's no bad news coming up? Are these just speculations?
GOLD ANALYSIS LONG TERM Another picture for Gold analysis but on a longer term scale. Correlated and based on the attached analysis for UJ.
Fundamentals will have a lot to do with how this price action plays out.
I wanted to add this picture to my gold analysis but I couldn't get it to attach by using the URL option. Anyone know how to have multiple pictures for 1 description or idea? If so you can leave a comment thanks!
QTUM BTC Soon to make a decisionHi,
This is the first chart I've ever (really) done after learning so much recently. I'M NO EXPERT.
I submit this in the hopes of getting constructive commentary, discussion, fun and an opportunity to learn.
I would love some of the prominent Crypto chArtists here to give pointers, and especially illuminate flaws, mistakes and presumptions.
PROS
QTUM has had a lot of hype lately and has been called a direct competitor with NEO.
Both have been very bullish.
Both have stalled a bit with BTC's meteoric rise... BTC currently 43300.02 as I write this and ATH.
QTUM has less history to base technicals on.
Shape closely parallels NEO in earlier rallies.
I PREDICT people hoarding and hodling NEO due to NEO coins, which means less to trade. I'm still bullish NEO.
CONS
QTUM is younger and weaker than NEO
I don't know if it will generate the kind of residuals as NEO
QTUM completed an almost perfect head and shoulders formation at 7:30 am PDT August 14
ITS DECISION TIME FOR QTUM -
QUESTIONS
If BTC re-traces, (and it has to) will that encourage QTUM to rise again?
What is the time limit for that to happen before QTUM breaks down?
Thanks for your time and attention.
johann
AKS earnings don't move the stock AKS should bounce after the last 3 earnings being better then expected but didn't. It doesn't appear that people are buying into the earnings either. Since 7/14 the stock has double digit short percentage. While more the half the stock is owned by major players. That is what i think is keeping this stock down. It is not what i call a peoples stock-that is when us privet investors make little if ant impact. I do think this is where i will buy but not for a quick 8-10 percent, more like a longer hold. There is plenty of upside if your willing to chill a while. I have bought this stock twice and been stopped out both times in under a week. If you have any ideas plz share-link you chart or add to comments...this AKS is a learning curve for me. This was suppose to be a trump affect stock.
ATTSo I have notice whether the estimates were made,missed, or spot on the stock price seems to move on its own. I did by the stock because of the low price on bad news, i believe over reaction by the big players. Over the last 5 days the stock has had a sell off @ 10:00 am. No doubt the big boys selling off. I have also seen buying in smaller lots. Lastly the 4:30 hour 2.3 million shares were purchased just prior to the real close of the market. moving the price from 36.20 to 37.35. I figured that the stock should not get much lower and, up to this point, lucked out and got a low price. I'm trying to expand my abilities technically evaluating charts. I don't use puts, call i understand them by definition but not well enough to bet on them. I make about 7-10 / trade but must learn more to earn more....no i cant afford a class. So teach me how to read this chart.
AUD/JPY PullbackOn my previous post I stated that there could be a downside movement for this pair. However, there was a large amount of upside movement which looked like it was due to noise or news which has been released. As seen yesterday there was some news released for AUD which may have sparked the current increase in buyers.
I feel that the noise period is over and a pullback is going to begin. I am going to take a sale position to the next key level. it is evident that once the market moves out of this zone is pulls back significantly quick.
Euro FX/ U.S. Dollar, 60, FXCMHello World
This is my first post so please critic me if you see anything i'm not doing right. I am attempting to teach myself harmonic patterns and identifying them correctly. please leave any pointers you have or see any mistakes i am making. Every $.02 helps. Thanks.
Anyways, this is euro/usd. Im seeing a short set up on the hour chart. agree?
EUR/USD - Reversal?EUR/USD Found support at the 0.618 fib level. If the pair breaks trough the resistance (previous support - blue box) it will probably continue up towards the 0.5~0.618 fib. level. If the pair reaches that level, we will probably see a little pulback before it will continue higher towards the 1.272 extension.
First target still: 1.0730
Please Help Me UNDERSTANDAs you can see, I took a buy order where that little blue arrow is. Market goes up, hits the daily range and then plummets right back down and hits the stop loss that I had right below the support. To add insult to injury, the price rises right back up after hitting my stop loss. What makes price do that? I also had the same thing happen with my USDJPY trade; literally same exact thing. Please, there has to be an answer to this situation where we can learn to see things like this coming and work to avoid them. I need someone to help me investigate this matter. Could it be because of news? Could it be because big institutions know that there is a lot of stop losses placed right below that support; i don't know, but I sure as heck need your help in finding out.
Which one is the right channel? Red or Yellow?How do we determinate which one is the correct channel?
Is it the red or the yellow one?
If the correct one is yellow, then the channel has been broken, a signal that we should start considering a short position, meanwhile if the right one is the red one, we could conclude that we are still going up at a steady pace and we would go long.
Trying to learn! Please comment below with your opinion!
Silver going down? Need advice for learningCan anyone help with this? I am just trying to learn: do you think it's reasonable to say that looking at MACD orientation, and RSI overbought, silver will go further down, or at least not break up through the triangle (as I expected) ? What's your opinion? Thanks!
GOOGL Will Increase One More Day and Then Fall NASDAQ: GOOGL has been on an incline for about a month. Reaching past its resistance 1 level. Could it reach resistance 2 in the next day, I would not bet on it. There is probably a higher chance that it will fall back to resistance 1 or even further. If not now, than it will eventually rest in the next week around the 745.00 mark. However, with a recent spike since the beginning of July we could see a significant dip in GOOGL to around the support number of 702.89. I would definitely not buy right now, not enough room for GOOGL to grow in the next few days. Go check it out.