BTCUSDT-4H-Long Potentail Hi guys;
Obviously , Bitcoin is moving on ascending channel so we are waiting for breakout & retest.After retest we can enter to long position till T.P1 & T.P2.If the price couldn't manage to break out this descending channel,this analysis should be ignored.
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Impulsewave
BITCOIN to 90k by June? 🚀After a corrective wave bitcoin's space shuttle should be refueled for take-off. It appears the corrective wave has already started and will not be too drastic making it a period to Hodl or just buy more.
I copied the first impulse wave's pattern and imposed it at the end of the potential corrective wave which takes us to $90,000 by the end of June this year.
Prediction: BTCUSD hits $90,000 halfway through 2021, holds that level, and finishes the year at about $120,000 with major support at $100,000.
EURUSD: Bulls are back ? On EURUSD, price failed to break the supply zone that we have around 1.19 and is going back up. Thus, we are only looking now for buy setups, and if the price reaches our previous support, which is now a non-horizontal resistance (green), we will look into lower timeframes for sell setups.
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Trade Safe,
MacroForex
BTC correction before bullish continuation?DISCLAIMER: Im not an Elliot Waves guru but only use the waves as a reference of a trend.
BTC seems to have finished a three waves correction after which is seems to have started a new trend. What we know about trends is that it moves in waves as well, impulse correction, impulse correction, impulse correction...
On a lower timeframe we can see a perfect pullback to the Fib 0.618 level.
After which it surpassed the previous top creating a higher low followed by a higher high. Up next? Higher Low (if it is a valid trend). Taking the Fib from the low to the high of the latest impulse we get to the 50K area.
This corrective leg down should consist of three sub waves, which would look something like this:
As said if the trend is valid, the price should never go below the previous low so that is where you should place the stop for this idea.
The final impulsive wave of this set might not go directly to 74K but that would be my ultimate upper target.
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
GOLD Trading Idea - 09/Mar/2021Hello Traders,
Hope you all are doing good!!
We can see the momentum shift for GOLD.
I expect more upside after the correction as shown in the chart.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position.
Is BTC in wave 3 of Elliott Wave?Potential projection:
Bitcoin could possibly be reaching the top of wave 3 of an Elliott Impulse Wave. Be on the lookout for Wave 4 to drop back down but probably not lower than 4300-4200. If support shows, be ready to ride wave 5 back up!! Maybe upwards to 60k! 50-60 Day projection.
Thanks for your time!
GOLD to the Moon 🚀🚀🚀Good Day Traders !!! We just rejected for the third time this strong level of support around 1855-1853. We expect gold to start his impulse to the upside since we can clearly see that on the Daily we clearly tested almost all the level of the fib retracement during the correction and we expect to see a continuation to the upside. Also from an institutional perspective I can see on the last report from the non commercial institutions a massive number of long position added as well as a big amount of short positions being closed which can mean a strong gold during this week.
Now if you enjoyed this analysis smash that like button and share !! If you have a different opinion I would love to hear about it in the comment area.
Trade safe !!
EURCAD-4H-Short potentailHi folks;
ON EURCAD 4H timeframe we can see a divergence on MACD and the other hand RSI has a breakdown which is marked.So, we can see an impulse and Correction on the chart.we can expect the candles moves down till demand zone.After Breakdown and retest we can get short till 1.52787 or 1.50846 level as a target.
JUST KEEP WATCHING FOR BREAKDOWN AND RETEST.
I look forward to receive your idea or comment.Put it right away guys.
GBP/CAD UPDATE. Are we ready for the next launch ? Good Day Traders !! On this pair we have a very strong impulse to the upside made during the past week as we expected, now the market started a nice correction to the 0.382 Fib level. for such a strong impulse we expect the market to retrace at least to the 0.5 Fib level which aligns perfectly with a strong support area and demand. We will be monitoring price action on the 4H timeframe when the market reaches this area in order to place a nice long setup with a 1/5 RR so we can ride the continuation of the impulse to the upside.
Now if you enjoyed this analysis make sure to like and share. I will be linking the previous analysis of this pair in the comment area below.
If you have a different opinion make sure to leave a comment in the area below for further insights about this pair.
Trade safe !!!
GBPAUD short setupGBPAUD has broke out of this asending channel with a massive bearish impulse, we are now waiting for a correction and market to test the broken support as new resistance, if we see a nice slow correction and all other rules are met we will be dropping down to our entry timeframe to look for a valid entry.
Gold counting the new impulse!!Hi, everyone,
The gold market is in bullish sentiment. if we consider it as a start of a new impulse move of price action.
We are still at 3rd wave of the Elliott wave theory. So hopefully we may see the gold price to change positions to new heights within the next few weeks. Thank you and trade safely.
VeCHAIN and a great BUY-CHANCE!Hey r tadomaniacs,
Vechain seems to continue its UPTREND and has recently created the next Impulse-Wave.
This could cause nice bullish confluence and so a break of the resistance-zone in order to create the third and extended Wave.
Looking at the Wave-Sctucture, we can expect at least two more Major-Waves upwards in order to complete the entire Impulse.
With this trade we could just participate the next impulse before we head into the next correction.
I will patiently wait for a breakout before I buy!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Prepare for Genedrive to burstAnyone in still doubt? Just look at the RSI trend-line retest. The uptrend move has been started and will break up next week.The current move we are in is a new impulse and will be full steam ahead, you have been warned. Get GDR on your watchlist and buy while its this fart low.